SMYIX Fees and Costs — Franklin Global Equity Fund, Class I
Data updated: 2026-09-23
The net expense ratio is 0.95%: a 0.75% management fee plus 0.21% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $98K in broker commissions, 0.0216% of average net assets, and portfolio turnover was 31%.
SMYIX Fees and Expenses
Annual operating expenses and sales charges of SMYIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.95% |
| 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 | Yes |
SMYIX Costs Over Time
On $10,000 invested in SMYIX, assuming 5% a year before costs, total costs come to $608 over 5 years, cutting the return by 1.02% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $334 | $608 |
| Value after costs | $10,398 | $11,242 | $12,155 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
SMYIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0216%
- Total broker commissions: $98K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 31%
- Securities lending: none during the year
SMYIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $31K | 31.67% |
| UBS Securities LLC | $19K | 19.91% |
| CitiGroup Global Markets Inc. | $13K | 13.08% |
| J.P. MORGAN SECURITIES LLC | $8K | 7.82% |
| RBC CAPITAL MARKETS, LLC | $7K | 6.78% |
| SG AMERICAS SECURITIES LLC | $6K | 6.35% |
| GOLDMAN SACHS & CO. LLC | $6K | 6.26% |
| Cowen and Company, LLC | $4K | 3.82% |
| The Depository Trust Company | $3K | 2.66% |
| BNP Paribas Securities Corp. | $2K | 1.64% |
Franklin Global Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SMYSX | Class IS | 0.83% | none |
| SMYIX | Class I | 0.95% | none |
| LMPEX | Class 1 | 0.98% | none |
| CFIPX | Class A | 1.22% | 5.50% |
| SILLX | Class C | 1.96% | 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.