FVFRX Fees and Costs — Franklin Small Cap Value Fund, Class R
Data updated: 2026-09-25
The net expense ratio is 1.22%: a 0.55% management fee, a 0.50% 12b-1 fee plus 0.17% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.9M in broker commissions, 0.0740% of average net assets, and portfolio turnover was 53%.
FVFRX Fees and Expenses
Annual operating expenses and sales charges of FVFRX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.17% |
| Gross expense ratio | 1.23% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.22% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FVFRX Costs Over Time
On $10,000 invested in FVFRX, assuming 5% a year before costs, total costs come to $805 over 5 years, cutting the return by 1.36% 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 |
| Fund expenses (net expense ratio 1.22%) | $128 | $398 | $689 |
| Trading costs (broker commissions) | $8 | $24 | $42 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $444 | $805 |
| Value after costs | $10,364 | $11,133 | $11,958 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
FVFRX 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): 0.0740%
- Total broker commissions: $2.9M
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $126K
- Net income from securities lending: $3K (0.000% of average net assets)
FVFRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $477K | 23.17% |
| Sanford C. Bernstein & Co., LLC | $276K | 13.42% |
| ROBERT W. BAIRD & CO. INCORPORATED | $253K | 12.28% |
| UBS Securities LLC | $189K | 9.20% |
| BMO Capital Markets Corp. | $182K | 8.86% |
| Scotia Capital (USA) Inc. | $161K | 7.84% |
| Citigroup Global Markets Inc. | $153K | 7.45% |
| Jefferies LLC | $140K | 6.81% |
| Morgan Stanley & Co. LLC | $132K | 6.41% |
| RBC Capital Markets, LLC | $94K | 4.57% |
FVFRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.0B | 98.42% |
| Direct Investment India | $29.6M | 1.45% |
| Fiduciary Trust Company International | $2.7M | 0.13% |
| Barclays Capital, Inc. | $712 | 0.00% |
Franklin Small Cap Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FRCSX | Class R6 | 0.60% | none |
| FVADX | Advisor Class | 0.72% | none |
| FRVLX | Class A | 0.97% | 5.50% |
| FVFRX | Class R | 1.22% | none |
| FRVFX | Class C | 1.72% | 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.