FRUGX Fees and Costs — Franklin U.S. Government Securities Fund, Class C
Data updated: 2026-08-27
The net expense ratio is 1.26%: a 0.46% management fee, a 0.65% 12b-1 fee plus 0.15% other expenses, less a 0.01% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 31%.
FRUGX Fees and Expenses
Annual operating expenses and sales charges of FRUGX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 0.65% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.26% |
| 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 |
FRUGX Costs Over Time
On $10,000 invested in FRUGX, assuming 5% a year before costs, total costs come to $784 over 5 years, cutting the return by 1.32% 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 | $104 | $0 | $0 |
| Fund expenses (net expense ratio 1.26%) | $132 | $412 | $712 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $236 | $432 | $784 |
| Value after costs | $10,264 | $11,144 | $11,979 |
| Impact on return, per year | 2.36% | 1.32% | 1.32% |
FRUGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
FRUGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $698.2M | 36.57% |
| Citigroup Global Markets Inc. | $265.8M | 13.92% |
| BofA Securities, Inc. | $166.9M | 8.74% |
| Morgan Stanley & Co. LLC | $162.3M | 8.50% |
| BMO Capital Markets Corp. | $161.4M | 8.45% |
| Goldman Sachs & Co. LLC | $126.3M | 6.61% |
| Bank of Montreal | $101.8M | 5.33% |
| Nomura Securities International, Inc. | $89.6M | 4.69% |
| Barclays Capital, Inc. | $81.0M | 4.24% |
| Wells Fargo Securities, LLC | $56.1M | 2.94% |
Franklin U.S. Government 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 |
|---|---|---|---|
| FGORX | Class R6 | 0.52% | none |
| FUSAX | Advisor Class | 0.61% | none |
| FKUSX | Class A1 | 0.75% | 3.75% |
| FKFSX | Class A | 0.86% | 3.75% |
| FUSRX | Class R | 1.11% | none |
| FRUGX | Class C | 1.26% | 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.