FIMFX Fees and Costs — Franklin Mutual International Fund, Class R6
Data updated: 2020-03-16
The net expense ratio is 0.81%: a 0.88% management fee plus 0.22% other expenses, less a 0.29% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $65K in broker commissions, 0.0512% of average net assets, and portfolio turnover was 29%.
FIMFX Fees and Expenses
Annual operating expenses and sales charges of FIMFX. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.88% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.29% |
| Net expense ratio | 0.81% |
| 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 |
FIMFX Costs Over Time
On $10,000 invested in FIMFX, assuming 5% a year before costs, total costs come to $540 over 5 years, cutting the return by 0.90% 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 0.81%) | $85 | $266 | $462 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $297 | $540 |
| Value after costs | $10,410 | $11,280 | $12,223 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
FIMFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0512%
- Total broker commissions: $65K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
FIMFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP MORGAN SECURITIES LLC | $20K | 35.53% |
| BOFA SECURITIES INC | $13K | 22.63% |
| SANFORD C BERN AND CO LLC | $8K | 13.86% |
| JEFFERIES LLC | $3K | 5.80% |
| UBS SECURITIES LLC | $3K | 5.56% |
| LIQUIDNET, INC. | $3K | 4.54% |
| SMBC NIKKO SECURITIES HK | $2K | 3.36% |
| MORGAN STANLEY AND CO LLC | $2K | 2.98% |
| DEUTSCHE BANK SECURITIES INC | $2K | 2.94% |
| JOH BERENBERG GOSSLER UND | $2K | 2.81% |
FIMFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $1.3B | 90.75% |
| BNY MELLON CAPITAL MARKETS, LLC | $106.7M | 7.44% |
| BARCLAYS CAPITAL INC | $25.7M | 1.79% |
| BOFA SECURITIES INC | $313K | 0.02% |
| SANFORD C BERN AND CO LLC | $34 | 0.00% |
| LIQUIDNET, INC. | $17 | 0.00% |
| RBC CAPITAL MARKETS LLC | $4 | 0.00% |
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.