I would like to re-open this question. If I own MDISX in brokerage accounts (both IRA and a regular taxable account), how can I use this exchange option to go into other Franklin Templeton funds without paying the load? Does this apply only to shares of MDISX held at the date of the merger or to any and all shares I own today?
I might note that DODFX (Dodge and Cox International Fund) seems similar to MDISX and has outperformed Z over its five-year life. Z is good but DODFX looks like the stronger performer. Best wishes.