MDISX: Franklin Mutual Global Discovery Z

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MDISX Franklin Mutual Global Discovery Z


Profile

MDISX - Profile

Vitals

  • YTD Return -2.4%
  • 3 Yr Annualized Return -1.5%
  • 5 Yr Annualized Return -1.6%
  • Net Assets $15.3 B
  • Holdings in Top 10 25.0%

52 WEEK LOW AND HIGH

$30.45
$28.72
$32.65

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.97%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.70%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $100,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return -2.4%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.82%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Franklin Mutual Global Discovery Fund Class Z
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Dec 31, 1992
  • Shares Outstanding
    166123156
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Peter Langerman

Fund Description

The Mutual Global Discovery Fund Class Z (MDISX) is an actively managed fund that focuses on undervalued large- and mid-cap stocks across the globe. The fund’s managers use a variety of fundamental metrics to uncover stocks that it will hold until the market discovers their true worth. There are no sector requirements and the fund can invest up to half of its portfolio in foreign and international equities.

MDISX features below-average costs. As an actively managed value fund, MDISX makes an ideal subcore position in a broad equity portfolio. The fund is managed by Franklin Mutual Advisers.


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Categories

Performance

MDISX - Performance

Return Ranking - Trailing

Period MDISX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -6.5% 6.8% 91.05%
1 Yr 7.1% -16.7% 68.8% 83.84%
3 Yr -1.5%* -9.4% 22.2% 90.21%
5 Yr -1.6%* -7.1% 25.2% 92.51%
10 Yr 1.3%* -8.3% 13.1% 89.62%

* Annualized

Return Ranking - Calendar

Period MDISX Return Category Return Low Category Return High Rank in Category (%)
2019 16.1% -33.1% 69.4% 67.39%
2018 -17.1% -44.4% 0.0% 64.96%
2017 4.1% -6.5% 38.1% 95.66%
2016 6.1% -14.4% 201.4% 22.12%
2015 -11.9% -30.6% 18.9% 84.21%

Total Return Ranking - Trailing

Period MDISX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.4% -6.5% 6.8% 91.05%
1 Yr 7.1% -16.7% 68.8% 83.62%
3 Yr 0.2%* -9.4% 22.2% 90.74%
5 Yr 2.5%* -7.1% 25.2% 83.23%
10 Yr 6.4%* -8.3% 13.1% 68.85%

* Annualized

Total Return Ranking - Calendar

Period MDISX Return Category Return Low Category Return High Rank in Category (%)
2019 16.1% -33.1% 69.4% 67.39%
2018 -17.1% -44.4% 1.8% 80.29%
2017 9.8% -6.5% 41.7% 92.95%
2016 12.9% -14.4% 201.4% 4.72%
2015 -3.5% -30.6% 19.6% 60.06%

NAV & Total Return History


Holdings

MDISX - Holdings

Concentration Analysis

MDISX Category Low Category High MDISX % Rank
Net Assets 15.3 B 28.2 K 15.3 B 0.40%
Number of Holdings 109 1 1134 23.88%
Net Assets in Top 10 3.84 B -10.1 M 7.73 B 4.49%
Weighting of Top 10 24.97% 7.0% 265.5% 69.18%

Top 10 Holdings

  1. Novartis AG ADR 3.10%
  2. GlaxoSmithKline PLC 3.06%
  3. Medtronic PLC 2.94%
  4. Samsung Electronics Co Ltd 2.56%
  5. The Walt Disney Co 2.47%
  6. Volkswagen AG Participating Preferred 2.44%
  7. Kinder Morgan Inc Class P 2.19%
  8. The Hartford Financial Services Group Inc 2.17%
  9. Citigroup Inc 2.05%
  10. Wells Fargo & Co 2.00%

Asset Allocation

Weighting Return Low Return High MDISX % Rank
Stocks
95.57% 57.81% 107.54% 68.37%
Cash
2.97% -30.66% 38.61% 38.57%
Bonds
1.45% -0.26% 16.15% 3.47%
Preferred Stocks
0.00% 0.00% 7.54% 23.67%
Other
0.00% -0.53% 49.81% 36.33%
Convertible Bonds
0.00% 0.00% 9.87% 16.94%

Stock Sector Breakdown

Weighting Return Low Return High MDISX % Rank
Financial Services
27.19% 0.00% 34.00% 3.06%
Healthcare
16.71% 0.00% 27.46% 21.02%
Technology
13.24% 0.00% 38.69% 59.59%
Energy
12.36% 0.00% 14.14% 2.86%
Consumer Cyclical
9.26% 0.00% 32.89% 48.98%
Communication Services
6.97% 0.00% 22.54% 42.65%
Industrials
5.05% 0.00% 46.08% 90.82%
Consumer Defense
4.61% 0.00% 76.71% 86.53%
Basic Materials
2.90% 0.00% 41.17% 66.53%
Utilities
1.72% 0.00% 32.49% 66.12%
Real Estate
0.00% 0.00% 21.02% 79.39%

Stock Geographic Breakdown

Weighting Return Low Return High MDISX % Rank
US
54.20% 1.07% 79.84% 36.94%
Non US
41.37% 3.05% 96.91% 66.94%

Bond Sector Breakdown

Weighting Return Low Return High MDISX % Rank
Cash & Equivalents
67.86% -0.25% 100.00% 81.17%
Corporate
17.76% 0.00% 85.64% 8.58%
Government
14.38% -0.18% 67.71% 4.39%
Derivative
0.00% -0.13% 97.85% 26.36%
Securitized
0.00% 0.00% 19.48% 10.25%
Municipal
0.00% 0.00% 0.47% 10.25%

Bond Geographic Breakdown

Weighting Return Low Return High MDISX % Rank
US
1.45% 0.00% 29.68% 3.47%
Non US
0.00% -20.59% 4.56% 15.71%

Expenses

MDISX - Expenses

Operational Fees

MDISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.01% 928.63% 72.94%
Management Fee 0.82% 0.00% 1.82% 83.50%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% 72.06%

Sales Fees

MDISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MDISX 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.

MDISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.70% 0.00% 381.00% 15.37%

Distributions

MDISX - Distributions

Dividend Yield Analysis

MDISX Category Low Category High MDISX % Rank
Dividend Yield 0.00% 0.00% 4.69% 38.10%

Dividend Distribution Analysis

MDISX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Net Income Ratio Analysis

MDISX Category Low Category High MDISX % Rank
Net Income Ratio 1.82% -2.10% 11.37% 35.36%

Capital Gain Distribution Analysis

MDISX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MDISX - Fund Manager Analysis

Managers

Peter Langerman


Start Date

Tenure

Tenure Rank

Dec 07, 2009

10.07

10.1%

Langerman is Chairman, President, and Chief Executive Officer of Franklin Mutual. He rejoined Franklin Templeton Investments in 2005 and became Lead Portfolio Manager of the Mutual Shares Fund and Mutual Discovery Fund (2009). Langerman originally joined Franklin Templeton in 1996 and left in 2002 to serve as Director of New Jersey's Division of Investment, until 2004. Previously, he served as a Research Analyst with Heine Securities Corporation between 1986 and 1996.

Timothy Rankin


Start Date

Tenure

Tenure Rank

Dec 31, 2010

9.01

9.0%

Rankin, CFA, has been a co-lead portfolio manager for the Franklin Mutual since January 2018. He is a Portfolio Manager at Franklin Templeton Investments. With 17 years of investment management experience, Rankin first started at Franklin in 1997 as a Research Analyst and became Assistant Portfolio Manager in 2001. In 2004, he left to serve as Managing Director at Blue Harbour Group, LLC before re-joining Franklin in 2010. Prior to his original employment with the Mutual Series Funds, Rankin was an Equity Analyst at Glickenhaus & Co.

Christian Correa


Start Date

Tenure

Tenure Rank

Jan 01, 2018

2.0

2.0%

Christian Correa, CFA is a portfolio manager and director of research for Franklin Mutual Series. Mr. Correa co-leads Franklin Global Discovery Fund and specializes in global merger arbitrage and event-driven situations. Prior to joining Franklin Mutual Series in 2003, he worked at Lehman Brothers Holdings Inc. He has more than a decade of investment experience. He holds a B.A. from Claremont McKenna College, an M.A. (economics) from Northwestern Univ. and is a graduate of Harvard Law School.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 34.57 4.97 5.84