FROTX Fees and Costs — Franklin Convertible Securities Fund, Class C
Data updated: 2026-09-25
The net expense ratio is 1.57%: a 0.46% management fee, a 1.00% 12b-1 fee plus 0.11% other expenses, less a 0.01% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $35K in broker commissions, 0.0012% of average net assets, and portfolio turnover was 30%.
FROTX Fees and Expenses
Annual operating expenses and sales charges of FROTX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.58% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.57% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FROTX Costs Over Time
On $10,000 invested in FROTX, assuming 5% a year before costs, total costs come to $972 over 5 years, cutting the return by 1.65% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.57%) | $165 | $511 | $881 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $25 | $90 |
| Total costs | $268 | $537 | $972 |
| Value after costs | $10,232 | $11,039 | $11,791 |
| Impact on return, per year | 2.68% | 1.65% | 1.65% |
FROTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0012%
- Total broker commissions: $35K
- Bought from dealers (principal trades, not a cost): $2.8B
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $1.1M
- Net income from securities lending: $42K (0.001% of average net assets)
FROTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. INCORPORATED | $15K | 43.00% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $10K | 29.00% |
| Instinet, LLC | $8K | 24.29% |
| Virtu Americas LLC | $721 | 2.07% |
| Sanford C. Bernstein & Co., LLC | $270 | 0.77% |
| RBC Capital Markets, LLC | $197 | 0.56% |
| National Financial Services LLC | $107 | 0.31% |
FROTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.0B | 73.06% |
| Goldman Sachs & Co. LLC | $251.5M | 9.23% |
| BofA Securities, Inc. | $129.5M | 4.75% |
| Morgan Stanley & Co. LLC | $93.1M | 3.42% |
| Raymond James & Associates, Inc. | $55.5M | 2.04% |
| Mizuho Securities USA LLC | $50.3M | 1.85% |
| Citigroup Global Markets Inc. | $43.6M | 1.60% |
| UBS Securities LLC | $40.3M | 1.48% |
| SANTANDER INVESTMENT S.A. | $37.8M | 1.39% |
| TD SECURITIES (USA) LLC | $32.7M | 1.20% |
Franklin Convertible Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FCSKX | Class R6 | 0.51% | none |
| FCSZX | Advisor Class | 0.57% | none |
| FISCX | Class A | 0.82% | 5.50% |
| FROTX | Class C | 1.57% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.