FMURX Fees and Costs — Franklin Mutual International Value Fund, Class R
Data updated: 2026-08-27
The net expense ratio is 1.47%: a 0.80% management fee, a 0.50% 12b-1 fee plus 0.20% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.1M in broker commissions, 0.1083% of average net assets, and portfolio turnover was 51%.
FMURX Fees and Expenses
Annual operating expenses and sales charges of FMURX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.47% |
| 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 |
FMURX Costs Over Time
On $10,000 invested in FMURX, assuming 5% a year before costs, total costs come to $976 over 5 years, cutting the return by 1.66% 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 1.47%) | $154 | $479 | $825 |
| Trading costs (broker commissions) | $11 | $35 | $61 |
| Lost growth on money paid in costs | $0 | $26 | $90 |
| Total costs | $166 | $540 | $976 |
| Value after costs | $10,334 | $11,037 | $11,787 |
| Impact on return, per year | 1.66% | 1.66% | 1.66% |
FMURX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1083%
- Total broker commissions: $1.1M
- Bought from dealers (principal trades, not a cost): $2.7B
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
FMURX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $141K | 16.19% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $126K | 14.54% |
| Sanford C. Bernstein & Co., LLC | $95K | 10.91% |
| UBS Securities LLC | $84K | 9.64% |
| Jefferies LLC | $83K | 9.49% |
| Morgan Stanley & Co. LLC | $82K | 9.37% |
| Barclays Capital, Inc. | $80K | 9.14% |
| SMBC Nikko Securities America, Inc. | $76K | 8.69% |
| REDBURN (USA) LLC | $53K | 6.14% |
| Mizuho Securities USA LLC | $51K | 5.88% |
FMURX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $2.3B | 86.41% |
| J.P. Morgan Securities LLC | $351.6M | 13.00% |
| Barclays Capital, Inc. | $9.9M | 0.37% |
| Bank of New York Mellon Corp. | $5.4M | 0.20% |
| Fiduciary Trust Company International | $705K | 0.03% |
Franklin Mutual International Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FMEUX | Class R6 | 0.88% | none |
| MEURX | Class Z | 0.97% | none |
| TEMIX | Class A | 1.22% | 5.50% |
| FMURX | Class R | 1.47% | none |
| TEURX | Class C | 1.97% | 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.