# Franklin S&P 500 Index Fund Class A (SBSPX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/sbspx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Franklin Templeton · Asset class: Equity - Strategy: Passive Index · Inception: 1997-12-31 This fund aims to closely track the performance of the S&P 500 Index. To achieve this, it commits at least 80% of its total investment capital, which can include borrowed money, to stocks or other assets that offer comparable economic exposure, provided they are constituents of the index. The objective is to build a portfolio of shares that mirrors the index's composition across key metrics such as industry allocation, company size (market capitalization), and tradability. ## Key Facts | Metric | Value | |---|---| | Price | $59.91 | | Expense Ratio | 0.54% | | Assets Under Management | $991.3M | | NAV | $59.91 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 0.69% | | Annual Distribution (TTM) | $0.41 /share | | Distribution Frequency | Annual | | 52-Week Range | $49.05 – $60.67 | | Beta | 1.01 | ## Latest Distribution - Amount: $0.4144 /share - Ex-date: 2025-12-16 - Pay date: 2025-12-16 ## Frequently Asked Questions ### What does SBSPX invest in? This fund aims to closely track the performance of the S&P 500 Index. To achieve this, it commits at least 80% of its total investment capital, which can include borrowed money, to stocks or other assets that offer comparable economic exposure, provided they are constituents of the index. The objective is to build a portfolio of shares that mirrors the index's composition across key metrics such as industry allocation, company size (market capitalization), and tradability. ### What is the expense ratio of SBSPX? Franklin S&P 500 Index Fund Class A (SBSPX) charges an expense ratio of 0.54%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is SBSPX? Franklin S&P 500 Index Fund Class A (SBSPX) manages $991.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is SBSPX actively managed or an index fund? SBSPX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SBSPX's is 0.54%) because there's no security selection cost. ### When was SBSPX launched? Franklin S&P 500 Index Fund Class A (SBSPX) launched in December 1997 and is managed by Franklin Templeton. ### How has SBSPX performed? SBSPX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does SBSPX pay a dividend? Franklin S&P 500 Index Fund Class A (SBSPX) currently distributes little or no income. Trailing-twelve-month yield is 0.69%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does SBSPX pay dividends? Franklin S&P 500 Index Fund Class A pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is SBSPX's dividend yield? SBSPX's trailing-twelve-month yield is 0.69%, calculated from the sum of dividends over the past year divided by the current price. ### When is SBSPX's next ex-dividend date? The most recently announced ex-dividend date for SBSPX was 2025-12-16. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will SBSPX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.54% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SBSPX charge its expense ratio? The expense ratio is deducted in tiny daily slices from SBSPX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SBSPX cost more than a fund like VOO? SBSPX is a passive index fund (current expense ratio 0.54%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to SBSPX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as SBSPX (0.54%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/sbspx - Distribution history: https://www.dividenddata.com/funds/sbspx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/sbspx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/sbspx/expenses - Peer comparison: https://www.dividenddata.com/funds/sbspx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.