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Below you’ll find the sales charges and breakpoints for funds with Class A/A1 and Class C/C1 shares offered by Franklin Distributors, LLC. To learn more about sales charge waivers and/or discounts for Class A/A1 shares, click on the ‘Quantity Discounts’ tab above.

Class A/A1

Note: The following funds have their own pricing schedules listed at the end of this section: BrandywineGLOBAL – Global Multi-Sector Opportunties Fund, Franklin Conservative Allocation Fund, Franklin Floating Rate Daily Access Fund, Franklin Global Allocation Fund, Franklin Growth Allocation Fund, Franklin Low Duration Total Return Fund, Franklin Low Duration U.S. Government Securities Fund, Franklin Managed Income Fund, Franklin Moderate Allocation Fund, Western Asset Short Duration High Income Fund, Western Asset Short-Term Bond Fund and Western Asset Ultra-Short Income Fund.

Equity and Multi-Asset Funds

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Less than $25,000 5.50 5.82 5.00 0.25 At purchase N/A N/A
$25,000 - $49,999 5.25 5.54 4.75 0.25 At purchase N/A N/A
$50,000 - $99,999 4.50 4.71 4.00 0.25 At purchase N/A N/A
$100,000 - $249,999 3.50 3.63 3.00 0.25 At purchase N/A N/A
$250,000 - $499,999 2.50 2.56 2.25 0.25 At purchase N/A N/A
$500,000 - $749,999 2.00 2.04 1.75 0.25 At purchase N/A N/A
$750,000 - $999,999 1.50 1.52 1.25 0.25 At purchase N/A N/A
$1,000,000 - $4,999,999 0.00 0.00 1.00 0.25 After 12 months 1.00 18 months
$5,000,000 - $49,999,999 0.00 0.00 0.50 0.25 After 12 months 1.00 18 months
$50,000,000 and over 0.00 0.00 0.25 0.25 After 12 months 1.00 18 months

Exceptions:

  • Franklin Income Fund, Franklin Utilities Fund, Franklin Multi-Asset Defensive Growth Fund and Class A1 of Templeton Global Balanced Fund follow the long-term taxable fixed income funds pricing schedule.
  • Franklin S&P 500 Index Fund does not have a sales charge and has a 0.20% 12b-1 fee.

Long-Term Taxable Fixed Income Funds

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Less than $100,000 3.75 3.90 3.50 0.25 At purchase N/A N/A
$100,000 - $249,999 3.25 3.36 3.00 0.25 At purchase N/A N/A
$250,000 - $499,999 2.25 2.30 2.25 0.25 At purchase N/A N/A
$500,000 - $4,999,999 0.00 0.00 1.00 0.25 After 12 months 1.00 18 months
$5,000,000 - $49,999,999 0.00 0.00 0.50 0.25 After 12 months 1.00 18 months
$50,000,000 and over 0.00 0.00 0.25 0.25 After 12 months 1.00 18 months

Exceptions:

  • Class A1 shares of funds in this pricing schedule have a 0.15% 12b-1 fee except for Franklin Strategic Mortgage Portfolio, which does not have a 12b-1 fee. Class A1 shares are not available to new investors.

Long-Term Tax-Free Fixed Income Funds

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Less than $100,000 3.75 3.90 3.50 0.25 At purchase N/A N/A
$100,000 - $249,999 3.25 3.36 3.00 0.25 At purchase N/A N/A
$250,000 - $4,999,999 0.00 0.00 1.00 0.25 After 12 months 1.00 18 months
$5,000,000 - $49,999,999 0.00 0.00 0.50 0.25 After 12 months 1.00 18 months
$50,000,000 and over 0.00 0.00 0.25 0.25 After 12 months 1.00 18 months

Exceptions:

  • Western Asset Long-Term Tax-Free Fixed Income Funds follow a separate schedule below.
  • Class A1 shares of funds in this pricing schedule have a 0.10% 12b-1 fee. Class A1 shares are not available to new investors.

Western Asset Long-Term Tax-Free Fixed Income Funds

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Less than $100,000 3.75 3.90 3.50 0.15 At purchase N/A N/A
$100,000 - $249,999 3.25 3.36 3.00 0.15 At purchase N/A N/A
$250,000 - $4,999,999 0.00 0.00 1.00 0.15 After 12 months 1.00 18 months
$5,000,000 - $49,999,999 0.00 0.00 0.50 0.15 After 12 months 1.00 18 months
$50,000,000 and over 0.00 0.00 0.25 0.15 After 12 months 1.00 18 months

Short-Term Tax-Free Fixed Income Funds

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Less than $100,000 2.25 2.30 2.00 0.25 At purchase N/A N/A
$100,000 - $249,999 1.50 1.52 1.25 0.25 At purchase N/A N/A
$250,000 - $4,999,999 0.00 0.00 1.00 0.25 After 12 months 1.00 18 months
$5,000,000 - $49,999,999 0.00 0.00 0.50 0.25 After 12 months 1.00 18 months
$50,000,000 and over 0.00 0.00 0.25 0.25 After 12 months 1.00 18 months

Exceptions:

  • Western Asset Short-Term Tax-Free Fixed Income Funds follow a separate schedule below.
  • Class A1 shares of funds in this pricing schedule have a 0.10% 12b-1 fee except for Franklin Federal Limited-Term Tax-Free Income Fund which has a 0.15% 12b-1 fee. Class A1 shares are not available to new investors.

Western Asset Short-Term Tax-Free Fixed Income Funds

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Less than $100,000 2.25 2.30 2.00 0.15 At purchase N/A N/A
$100,000 - $249,999 1.50 1.52 1.25 0.15 At purchase N/A N/A
$250,000 - $4,999,999 0.00 0.00 1.00 0.15 After 12 months 0.50 18 months
$5,000,000 - $49,999,999 0.00 0.00 0.50 0.15 After 12 months 0.50 18 months
$50,000,000 and over 0.00 0.00 0.25 0.15 After 12 months 0.50 18 months

Pricing Schedule for the Following Funds:
BrandywineGLOBAL-Global Multi-Sector Opportunties Fund, Western Asset Short Duration High Income Fund and Western Asset Short-Term Bond Fund 

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Less than $100,000 2.25 2.30 2.00 0.25 At purchase N/A N/A
$100,000 - $249,999 1.50 1.52 1.25 0.25 At purchase N/A N/A
$250,000 - $499,999 1.25 1.27 1.00 0.25 At purchase N/A N/A
$500,000 and over 0.00 0.00 0.50 0.25 After 12 months 0.50 18 months

Western Asset Ultra-Short Income Fund

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 0.00 0.25 At purchase N/A N/A

Pricing Schedule for the Following Funds:
Franklin Low Duration U.S. Government Securities Fund, Franklin Floating Rate Daily Access Fund and Franklin Low Duration Total Return Fund

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Less than $100,000 2.25 2.30 2.00 0.25 At purchase N/A N/A
$100,000 - $249,999 1.75 1.78 1.75 0.25 At purchase N/A N/A
$250,000 - $9,999,999 0.00 0.00 1.00 0.25 After 12 months 1.00 18 months
$10,000,000 - $49,999,999 0.00 0.00 0.50 0.25 After 12 months 1.00 18 months
$50,000,000 and over 0.00 0.00 0.25 0.25 After 12 months 1.00 18 months

Exceptions:

  • Class A1 shares of funds in this pricing schedule have a 0.10% 12b-1 fee. Class A1 shares are not available to new investors.

Pricing Schedule for the Following Funds:
Franklin Conservative Allocation Fund, Franklin Global Allocation Fund, Franklin Growth Allocation Fund, Franklin Managed Income Fund and Franklin Moderate Allocation Fund

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Less than $25,000 5.50 5.82 5.00 0.25 At purchase N/A N/A
$25,000 - $49,999 5.25 5.54 4.75 0.25 At purchase N/A N/A
$50,000 - $99,999 4.50 4.71 4.00 0.25 At purchase N/A N/A
$100,000 - $249,999 3.50 3.63 3.00 0.25 At purchase N/A N/A
$250,000 - $4,999,999 0.00 0.00 1.00 0.25 After 12 months 1.00 18 months
$5,000,000 - $49,999,999 0.00 0.00 0.50 0.25 After 12 months 1.00 18 months
$50,000,000 and over 0.00 0.00 0.25 0.25 After 12 months 1.00 18 months
Class C/C1

Investors pay no upfront sales charge.

Class C/C1 Equity Funds which are:

Subadvised by Brandywine Global Investment Management, LLC, ClearBridge Investments, LLC, and also include the following funds: Franklin Global Equity Fund, Franklin International Equity Fund, Franklin Multi-Asset Conservative Growth Fund, Franklin Multi-Asset Growth Fund, Franklin Multi-Asset Moderate Growth Fund, Franklin U.S. Large Cap Equity Fund and Franklin U.S. Small Cap Equity Fund.

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 1.00 1.00 After 12 months 1.00 12 months

Exceptions:

  • ClearBridge Value Fund follows a separate schedule below.

Clearbridge Value Fund

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 0.95 0.95 After 12 months 0.95 12 months

All Other Franklin Templeton Equity Funds Not Listed Above

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 0.75 0.25 Advanced for first year 1.00 12 months

Class C Long-Term Fixed Income Funds which are:

Subadvised by Brandywine Global Investment Management, LLC and Western Asset Management Company, LLC. Franklin Multi-Asset Defensive Growth Fund is also included.

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 1.00 1.00 After 12 months 1.00 12 months

Class C1 Long-Term Taxable Fixed Income Funds which are:

Subadvised by Brandywine Global Investment Management, LLC and Western Asset Management Company, LLC. Franklin Multi-Asset Defensive Growth Fund is also included.

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 0.75 0.70 After 12 months 1.00 12 months

Exception:

  • Western Asset Inflation Indexed Plus Bond Fund follows a separate schedule below.

Class C1 Western Asset Inflation Indexed Plus Bond Fund

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 0.00 0.75 At purchase N/A N/A

Class C Long-Term Tax-Free Fixed Income Funds which are subadvised by Western Asset Management Company, LLC

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 0.75 0.70 After 12 months 1.00 12 months

Class C Short-/Intermediate- Term Tax-Free Fixed Income Funds which are subadvised by Western Asset Management Company, LLC

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 0.00 0.75 At purchase N/A N/A

Exceptions:

  • Western Asset Short Duration Municipal Income Fund follows a separate schedule below.

Class C Western Asset Short Duration Municipal Income Fund

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 0.00 0.50 At purchase N/A N/A

Class C Short-/Intermediate-Term Taxable Fixed Income Funds which are:

Subadvised by Brandywine Global Investment Management, LLC and Western Asset Management Company, LLC

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 1.00 1.00 After 12 months 1.00 12 months

Class C1 BrandywineGLOBAL – Global Unconstrained Bond Fund and Western Asset Ultra-Short Income Fund

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 0.00 0.75 At purchase N/A N/A

Class C1 Western Asset Short Duration High Income Fund

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 0.75 0.70 After 12 months 1.00 12 months

Class C1 Western Asset Short-Term Bond Fund

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 0.00 0.50 At purchase N/A N/A

All Other Franklin Templeton Fixed Income Funds (Taxable and Tax-Free) Not Listed Above

Value of Shares Upfront Sales Charge (%) Sales Charge as a % of Net Amount Invested (%) Dealer Commission (%) Service Fee Paid to Dealer (12b-1 fee) (%) Timing of 12b-1 Fee Paid to Dealer Contingent Deferred Sales Charge (CDSC) (%) CDSC Length
Any 0.00 0.00 0.85 0.15 Advanced for first year 1.00 12 months

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Franklin Distributors, LLC. Member FINRA/SIPC.

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