Franklin Real Estate Securities Fund drops asset-based sales charge

By Toni Weeks

San Diego, Nov. 3 - Franklin Real Estate Securities Fund has discontinued payments of its class B 0.75% asset-based sales charge until further notice in order to ensure compliance with Finra Rule 2830, which sets forth a maximum total sales charge allowed under the rule.

According to a 497 filing with the Securities and Exchange Commission, the class B maximum annual 12b-1 plan rate also includes a dealer-service fee of 0.25%, which will remain in effect.

The fund's adviser is San Mateo, Calif.-based Franklin Templeton Investments.

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