Franklin Mutual Advisers (FMA) provides investment advice and manages portfolios for registered funds and separate accounts. FMA's services include managing investments for accounts with full investment discretion and advisory accounts with no investment discretion. FMA uses the services of its affiliates for investment advice, portfolio execution, trading, and client servicing.
Fee Structure
FMA's fees for managing separate accounts are calculated as a percentage of the value of the assets they manage. The annual rate varies based on the investment strategy and the type of services provided. Fees are typically calculated monthly or quarterly. FMA's standard fee schedules for separate account clients are set out below (normally calculated as a percentage of the value of assets under management, and typically calculated monthly or quarterly, or as agreed with each client). In some cases, fees will be negotiated or will be outside of the range provided below, including performance fees.