TEBIX Fees and Costs — Franklin Mutual Beacon Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 1.01%: a 0.68% management fee, a 0.25% 12b-1 fee plus 0.08% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $1.3M in broker commissions, 0.0402% of average net assets, and portfolio turnover was 47%.
TEBIX Fees and Expenses
Annual operating expenses and sales charges of TEBIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.68% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.08% |
| Gross expense ratio | 1.01% |
| Fee waiver | — |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
TEBIX Costs Over Time
On $10,000 invested in TEBIX, assuming 5% a year before costs, total costs come to $1,322 over 5 years, cutting the return by 2.27% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.01%) | $100 | $313 | $542 |
| Trading costs (broker commissions) | $4 | $12 | $22 |
| Lost growth on money paid in costs | $27 | $103 | $209 |
| Total costs | $682 | $978 | $1,322 |
| Value after costs | $9,818 | $10,599 | $11,441 |
| Impact on return, per year | 6.82% | 3.04% | 2.27% |
TEBIX 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): 0.0402%
- Total broker commissions: $1.3M
- Bought from dealers (principal trades, not a cost): $4.9B
- Portfolio turnover (prospectus): 47%
- Securities lending: none during the year
TEBIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $261K | 22.55% |
| Morgan Stanley & Co. LLC | $170K | 14.75% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $158K | 13.69% |
| J.P. Morgan Securities LLC | $142K | 12.26% |
| Sanford C. Bernstein & Co., LLC | $108K | 9.34% |
| Barclays Capital, Inc. | $102K | 8.83% |
| UBS Securities LLC | $81K | 7.02% |
| RBC Capital Markets, LLC | $57K | 4.91% |
| BNP Paribas Securities Corp. | $51K | 4.43% |
| Evercore Group L.L.C. | $26K | 2.22% |
TEBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $3.3B | 66.54% |
| Bank of New York Mellon Corp. | $872.6M | 17.83% |
| J.P. Morgan Securities LLC | $572.0M | 11.69% |
| Barclays Capital, Inc. | $191.7M | 3.92% |
| Fiduciary Trust Company International | $838K | 0.02% |
Franklin Mutual Beacon Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FMBRX | Class R6 | 0.72% | none |
| BEGRX | Class Z | 0.76% | none |
| TEBIX | Class A | 1.01% | 5.50% |
| C000082421 | Class R | 1.26% | none |
| TEMEX | Class C | 1.76% | 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.