TEDIX Fees and Costs — Franklin Mutual Global Discovery Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 1.20%: a 0.84% management fee, a 0.25% 12b-1 fee plus 0.11% other expenses. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $5.0M in broker commissions, 0.0547% of average net assets, and portfolio turnover was 42%.
TEDIX Fees and Expenses
Annual operating expenses and sales charges of TEDIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.84% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.20% |
| Fee waiver | — |
| Net expense ratio | 1.20% |
| 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 |
TEDIX Costs Over Time
On $10,000 invested in TEDIX, assuming 5% a year before costs, total costs come to $1,440 over 5 years, cutting the return by 2.48% 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 1.20%) | $119 | $371 | $641 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $27 | $106 | $220 |
| Total costs | $702 | $1,043 | $1,440 |
| Value after costs | $9,798 | $10,533 | $11,323 |
| Impact on return, per year | 7.02% | 3.25% | 2.48% |
TEDIX 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): 0.0547%
- Total broker commissions: $5.0M
- Bought from dealers (principal trades, not a cost): $20.0B
- Portfolio turnover (prospectus): 42%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $117K (0.001% of average net assets)
TEDIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $640K | 17.08% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $615K | 16.42% |
| Jefferies LLC | $444K | 11.85% |
| Sanford C. Bernstein & Co., LLC | $431K | 11.49% |
| Morgan Stanley & Co. LLC | $363K | 9.70% |
| UBS Securities LLC | $324K | 8.65% |
| SMBC Nikko Securities America, Inc. | $282K | 7.53% |
| Mizuho Securities USA LLC | $271K | 7.22% |
| BNP Paribas Securities Corp. | $230K | 6.15% |
| Barclays Capital, Inc. | $146K | 3.90% |
TEDIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $11.7B | 58.32% |
| Jefferies LLC | $3.7B | 18.55% |
| Bank of New York Mellon Corp. | $2.3B | 11.38% |
| J.P. Morgan Securities LLC | $2.3B | 11.30% |
| BofA Securities, Inc. | $34.1M | 0.17% |
| Citigroup Global Markets Inc. | $31.2M | 0.16% |
| Goldman Sachs & Co. LLC | $12.5M | 0.06% |
| Deutsche Bank Securities Inc. | $5.4M | 0.03% |
| Fiduciary Trust Company International | $4.7M | 0.02% |
| RBC Capital Markets, LLC | $4.0M | 0.02% |
Franklin Mutual Global Discovery Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FMDRX | Class R6 | 0.89% | none |
| MDISX | Class Z | 0.95% | none |
| TEDIX | Class A | 1.20% | 5.50% |
| TEDRX | Class R | 1.45% | none |
| TEDSX | Class C | 1.95% | 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.