FRANKLIN MUTUAL U.S. MID CAP VALUE FUND
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.0%
1 yr return
12.8%
3 Yr Avg Return
-0.5%
5 Yr Avg Return
4.6%
Net Assets
$781 M
Holdings in Top 10
25.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 60.45%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FBSIX - Profile
Distributions
- YTD Total Return 3.0%
- 3 Yr Annualized Total Return -0.5%
- 5 Yr Annualized Total Return 4.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.54%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameFRANKLIN MUTUAL U.S. MID CAP VALUE FUND
-
Fund Family NameFranklin Templeton Investments
-
Inception DateMay 21, 2014
-
Shares Outstanding1084454
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGrace Hoefig
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets in U.S. mid cap securities. Mid capitalization companies are companies with market capitalizations equal to those within the universe of the Russell Midcap® Value Index at the time of purchase. As of December 31, 2023, the Russell Midcap® Value Index included companies with approximate market capitalizations between $270 million and $73.32 billion. The size of companies in the index changes with market conditions and the composition of the index.
Under normal market conditions, the Fund invests primarily in equity securities (including securities convertible into, or that the investment manager expects to be exchanged for, common or preferred stock) of U.S. companies that the investment manager believes are available at market prices less than their value based on certain recognized or objective criteria (fundamental value). Following this value-oriented strategy, the Fund invests primarily in undervalued securities (securities trading at a discount to fundamental value). The equity securities in which the Fund invests are primarily common stock. The Fund may also invest in real estate investment trusts (REITs).
The Fund currently does not expect to invest more than 10% of its net assets in non-U.S. securities, which may include emerging markets, and participations in foreign government debt.
The Fund may, from time to time, seek to hedge (protect) against currency risks, using certain derivative instruments including, currency and cross currency forwards and currency futures contracts.
The Fund, from time to time, may have significant positions in particular sectors, such as financial services companies (including banks, insurance companies and diversified financial services), healthcare, industrials and technology.
Portfolio Selection
The investment manager employs a research driven, fundamental value strategy for the Fund. Investments are generally selected based on the investment manager's own analysis of the security's fundamental value, including for equity securities, an analysis of cash flow potential, long-term earnings, multiples of earnings and book value. The investment manager examines each investment separately and there are no set criteria as to specific value parameters, earnings or
industry type. Environmental, social and governance (ESG) related assessments of companies may also be considered. The investment manager does not assess every investment for ESG factors and, when it does, not every ESG factor may be identified or evaluated.
FBSIX - Performance
Return Ranking - Trailing
Period | FBSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.0% | -4.2% | 12.5% | 63.27% |
1 Yr | 12.8% | -7.7% | 36.5% | 68.63% |
3 Yr | -0.5%* | -5.6% | 14.4% | 95.38% |
5 Yr | 4.6%* | -0.6% | 15.8% | 95.80% |
10 Yr | N/A* | 0.0% | 11.9% | 78.61% |
* Annualized
Return Ranking - Calendar
Period | FBSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.7% | -11.3% | 33.3% | 64.52% |
2022 | -10.5% | -41.6% | 2.3% | 25.82% |
2021 | 12.3% | -41.5% | 44.9% | 76.02% |
2020 | -5.8% | -29.0% | 22.1% | 86.15% |
2019 | 15.6% | -8.1% | 31.2% | 83.71% |
Total Return Ranking - Trailing
Period | FBSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.0% | -4.2% | 12.5% | 63.27% |
1 Yr | 12.8% | -7.7% | 36.5% | 68.63% |
3 Yr | -0.5%* | -5.6% | 14.4% | 95.38% |
5 Yr | 4.6%* | -0.6% | 15.8% | 95.80% |
10 Yr | N/A* | 0.0% | 11.9% | 76.81% |
* Annualized
Total Return Ranking - Calendar
Period | FBSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.4% | -3.7% | 36.5% | 81.45% |
2022 | -6.4% | -35.0% | 2.4% | 34.24% |
2021 | 12.3% | 6.2% | 48.3% | 97.00% |
2020 | -2.1% | -22.9% | 23.2% | 83.93% |
2019 | 24.9% | -3.0% | 35.7% | 67.71% |
NAV & Total Return History
FBSIX - Holdings
Concentration Analysis
FBSIX | Category Low | Category High | FBSIX % Rank | |
---|---|---|---|---|
Net Assets | 781 M | 991 K | 28 B | 52.14% |
Number of Holdings | 60 | 8 | 2449 | 74.87% |
Net Assets in Top 10 | 197 M | 250 K | 4.28 B | 48.93% |
Weighting of Top 10 | 25.72% | 5.0% | 104.2% | 33.42% |
Top 10 Holdings
- Institutional Fiduciary Trust - Money Market Portfolio 4.05%
- PNC Financial Services Group, Inc. (The) 2.88%
- Hartford Financial Services Group, Inc. (The) 2.51%
- PPL Corp. 2.47%
- Entergy Corp. 2.47%
- Brixmor Property Group, Inc. 2.34%
- WillScot Mobile Mini Holdings Corp. 2.32%
- Citizens Financial Group, Inc. 2.27%
- Johnson Controls International plc 2.26%
- Voya Financial, Inc. 2.17%
Asset Allocation
Weighting | Return Low | Return High | FBSIX % Rank | |
---|---|---|---|---|
Stocks | 96.04% | 56.38% | 102.65% | 88.24% |
Cash | 4.05% | 0.00% | 43.98% | 13.90% |
Preferred Stocks | 0.00% | 0.00% | 5.43% | 8.56% |
Other | 0.00% | -1.97% | 8.33% | 35.29% |
Convertible Bonds | 0.00% | 0.00% | 0.02% | 1.08% |
Bonds | 0.00% | 0.00% | 27.39% | 5.35% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FBSIX % Rank | |
---|---|---|---|---|
Industrials | 16.78% | 0.00% | 29.02% | 43.82% |
Financial Services | 15.71% | 0.00% | 60.11% | 71.24% |
Healthcare | 11.84% | 0.00% | 32.47% | 20.16% |
Technology | 11.26% | 0.00% | 30.07% | 22.04% |
Consumer Cyclical | 9.80% | 0.00% | 29.62% | 66.67% |
Basic Materials | 8.04% | 0.00% | 23.88% | 17.74% |
Real Estate | 7.90% | 0.00% | 40.74% | 51.34% |
Utilities | 6.26% | 0.00% | 24.69% | 47.85% |
Energy | 6.05% | 0.00% | 29.17% | 66.13% |
Consumer Defense | 3.90% | 0.00% | 33.79% | 76.88% |
Communication Services | 2.47% | 0.00% | 19.80% | 51.08% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FBSIX % Rank | |
---|---|---|---|---|
US | 90.64% | 56.38% | 102.65% | 88.50% |
Non US | 5.40% | 0.00% | 34.45% | 11.23% |
FBSIX - Expenses
Operational Fees
FBSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.60% | 0.01% | 16.92% | 88.77% |
Management Fee | 0.48% | 0.00% | 1.20% | 13.37% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.01% | 0.40% | 63.73% |
Sales Fees
FBSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
FBSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FBSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 60.45% | 0.00% | 227.00% | 64.41% |
FBSIX - Distributions
Dividend Yield Analysis
FBSIX | Category Low | Category High | FBSIX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.46% | 0.00% | 23.01% | 34.32% |
Dividend Distribution Analysis
FBSIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
FBSIX | Category Low | Category High | FBSIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.54% | -1.84% | 4.73% | 11.59% |
Capital Gain Distribution Analysis
FBSIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.905 | OrdinaryDividend |
Dec 20, 2022 | $0.446 | OrdinaryDividend |
Dec 15, 2020 | $1.302 | OrdinaryDividend |
Dec 19, 2018 | $0.607 | OrdinaryDividend |
Dec 19, 2017 | $0.631 | OrdinaryDividend |
Dec 19, 2016 | $0.286 | OrdinaryDividend |
Dec 17, 2015 | $0.480 | OrdinaryDividend |
Dec 17, 2014 | $0.386 | OrdinaryDividend |
FBSIX - Fund Manager Analysis
Managers
Grace Hoefig
Start Date
Tenure
Tenure Rank
Jul 02, 2012
9.92
9.9%
Grace Hoefig, Vice President and Portfolio Manager of Franklin Advisory Services. Ms. Hoefig joined Franklin Templeton in February 2008 as a research analyst. She has been in the investment industry for more than 20 years. Prior to joining Franklin Templeton, Ms. Hoefig was a managing director at AXIA Capital Management LLC., and has held senior analyst positions at Heine Securities Co., First Manhattan Co. and Neuberger & Berman.
Srini Vijay
Start Date
Tenure
Tenure Rank
Dec 31, 2019
2.42
2.4%
Mr. Vijay has been a portfolio manager of the Mutual U.S. Value Fund since December 2019. He joined Franklin Templeton in 2019. Prior to joining Franklin Templeton, he was Senior Vice President, Equity Research Analyst at Neuberger Berman.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.59 | 8.28 | 10.92 |