SBSPX Fees and Costs — Franklin S&P 500 Index Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.54%: a 0.25% management fee, a 0.20% 12b-1 fee plus 0.15% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0017% of average net assets, and portfolio turnover was 1%.
SBSPX Fees and Expenses
Annual operating expenses and sales charges of SBSPX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.20% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.60% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.54% |
| 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 | Yes |
SBSPX Costs Over Time
On $10,000 invested in SBSPX, assuming 5% a year before costs, total costs come to $342 over 5 years, cutting the return by 0.57% 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 0.54%) | $57 | $178 | $310 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $187 | $342 |
| Value after costs | $10,443 | $11,389 | $12,421 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
SBSPX 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): 0.0017%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $14.9M
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
SBSPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $3K | 29.43% |
| BARCLAYS CAPITAL, INC. | $3K | 25.45% |
| SG AMERICAS SECURITIES LLC | $2K | 23.02% |
| CITIGROUP GLOBAL MARKETS INC. | $1K | 12.12% |
| GOLDMAN SACHS & CO. LLC | $576 | 5.35% |
| MORGAN STANLEY & CO. LLC | $336 | 3.12% |
| UBS Securities LLC | $153 | 1.42% |
| BNY MELLON CAPITAL MARKETS, LLC | $7 | 0.06% |
| The Depository Trust Company | $2 | 0.02% |
SBSPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $14.1M | 94.73% |
| J.P. Morgan Securities LLC | $440K | 2.95% |
| CitiGroup Global Markets Inc. | $274K | 1.84% |
| GOLDMAN SACHS & CO. LLC | $70K | 0.47% |
Franklin S&P 500 Index Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SBSDX | Class D | 0.34% | none |
| SBSPX | Class A | 0.54% | 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.