TEDIX: Franklin Mutual Global Discovery A

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TEDIX Franklin Mutual Global Discovery A


Profile

TEDIX - Profile

Vitals

  • YTD Return -20.0%
  • 3 Yr Annualized Return -9.0%
  • 5 Yr Annualized Return -4.1%
  • Net Assets $10 B
  • Holdings in Top 10 30.0%

52 WEEK LOW AND HIGH

$24.40
$18.53
$31.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.25%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.08%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return -20.0%
  • 3 Yr Annualized Total Return -9.0%
  • 5 Yr Annualized Total Return -4.1%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.95%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Franklin Mutual Global Discovery Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Dec 31, 1992
  • Shares Outstanding
    207983123
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Peter Langerman

Fund Description

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. and foreign companies that the investment manager believes are available at market prices less than their value based on certain recognized or objective criteria (intrinsic value). The equity securities in which the fund invests are primarily common stock. The fund may invest substantially and potentially up to 100% of its assets in foreign securities.


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Categories

Performance

TEDIX - Performance

Return Ranking - Trailing

Period TEDIX Return Category Return Low Category Return High Rank in Category (%)
YTD -20.0% -92.6% 816.9% 96.32%
1 Yr -19.7% -92.6% 497.5% 97.07%
3 Yr -9.0%* -60.7% 26.9% 92.04%
5 Yr -4.1%* -43.5% 17.5% 94.54%
10 Yr -1.5%* -22.8% 12.1% 93.66%

* Annualized

Return Ranking - Calendar

Period TEDIX Return Category Return Low Category Return High Rank in Category (%)
2019 15.9% -33.1% 42.6% 64.41%
2018 -17.2% -44.4% 0.0% 65.25%
2017 4.0% -6.5% 37.7% 97.50%
2016 5.9% -9.5% 47.8% 23.65%
2015 -12.0% -30.6% 10.8% 85.71%

Total Return Ranking - Trailing

Period TEDIX Return Category Return Low Category Return High Rank in Category (%)
YTD -20.0% -92.6% 816.9% 96.32%
1 Yr -19.7% -92.6% 497.5% 97.07%
3 Yr -9.0%* -60.7% 26.9% 93.51%
5 Yr -4.1%* -43.5% 22.8% 95.56%
10 Yr -1.5%* -22.8% 13.2% 94.37%

* Annualized

Total Return Ranking - Calendar

Period TEDIX Return Category Return Low Category Return High Rank in Category (%)
2019 15.9% -33.1% 42.6% 64.41%
2018 -17.2% -44.4% 1.8% 78.81%
2017 4.0% -6.5% 41.7% 97.81%
2016 5.9% -9.5% 47.8% 43.58%
2015 -12.0% -30.6% 14.3% 92.86%

NAV & Total Return History


Holdings

TEDIX - Holdings

Concentration Analysis

TEDIX Category Low Category High TEDIX % Rank
Net Assets 10 B 21.7 K 10.1 B 1.74%
Number of Holdings 89 1 1241 29.78%
Net Assets in Top 10 3.02 B 19.4 K 7.1 B 4.89%
Weighting of Top 10 29.95% 11.0% 100.0% 59.62%

Top 10 Holdings

  1. Medtronic PLC 3.47%
  2. Merck & Co Inc 3.45%
  3. GlaxoSmithKline PLC 3.37%
  4. Charter Communications Inc A 3.19%
  5. Novartis AG ADR 3.10%
  6. Samsung Electronics Co Ltd 2.97%
  7. NN Group NV 2.75%
  8. Volkswagen AG Participating Preferred 2.62%
  9. Williams Companies Inc 2.55%
  10. Check Point Software Technologies Ltd 2.47%

Asset Allocation

Weighting Return Low Return High TEDIX % Rank
Stocks
93.85% 43.21% 100.98% 72.89%
Bonds
3.78% -0.07% 12.87% 2.22%
Cash
2.37% -0.97% 56.79% 40.22%
Preferred Stocks
0.00% 0.00% 9.00% 18.22%
Other
0.00% -0.23% 6.31% 27.78%
Convertible Bonds
0.00% 0.00% 0.25% 7.33%

Stock Sector Breakdown

Weighting Return Low Return High TEDIX % Rank
Financial Services
23.53% 0.00% 32.55% 5.33%
Healthcare
20.85% 0.00% 34.85% 17.33%
Technology
14.19% 0.00% 41.25% 65.33%
Energy
9.09% 0.00% 11.18% 2.00%
Communication Services
7.70% 0.00% 27.06% 61.78%
Consumer Defense
7.62% 0.00% 76.29% 66.22%
Consumer Cyclical
7.48% 0.00% 31.89% 55.11%
Industrials
5.12% 0.00% 44.88% 90.00%
Basic Materials
4.43% 0.00% 39.74% 41.11%
Utilities
0.00% 0.00% 27.81% 80.89%
Real Estate
0.00% 0.00% 15.94% 74.00%

Stock Geographic Breakdown

Weighting Return Low Return High TEDIX % Rank
US
49.38% 8.91% 72.66% 53.33%
Non US
44.47% 10.83% 89.25% 47.11%

Bond Sector Breakdown

Weighting Return Low Return High TEDIX % Rank
Corporate
45.11% 0.00% 78.85% 3.47%
Cash & Equivalents
41.93% -0.25% 100.00% 87.50%
Government
12.96% 0.00% 55.65% 5.56%
Derivative
0.00% 0.00% 98.38% 23.15%
Securitized
0.00% 0.00% 9.94% 6.02%
Municipal
0.00% 0.00% 0.07% 6.02%

Bond Geographic Breakdown

Weighting Return Low Return High TEDIX % Rank
US
3.78% -0.06% 11.74% 2.00%
Non US
0.00% -0.01% 4.69% 12.00%

Expenses

TEDIX - Expenses

Operational Fees

TEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.25% 0.01% 53.31% 50.61%
Management Fee 0.83% 0.00% 1.82% 82.17%
12b-1 Fee 0.25% 0.00% 1.00% 18.85%
Administrative Fee N/A 0.01% 0.70% 72.47%

Sales Fees

TEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 2.50% 5.75% 47.06%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TEDIX 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.

TEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.08% 3.00% 224.06% 13.23%

Distributions

TEDIX - Distributions

Dividend Yield Analysis

TEDIX Category Low Category High TEDIX % Rank
Dividend Yield 0.00% 0.00% 3.20% 13.70%

Dividend Distribution Analysis

TEDIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Quarterly Quarterly

Net Income Ratio Analysis

TEDIX Category Low Category High TEDIX % Rank
Net Income Ratio 1.95% -1.37% 4.31% 33.58%

Capital Gain Distribution Analysis

TEDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Quarterly Annually

Dividend Payout History

View More +

Fund Manager Analysis

TEDIX - Fund Manager Analysis

Managers

Peter Langerman


Start Date

Tenure

Tenure Rank

Dec 07, 2009

10.74

10.7%

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

9.67

9.7%

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

2.67

2.7%

Christian Correa, CFA is a portfolio manager and director of research for Franklin Mutual Series. Mr. Correa has been a lead or co-lead portfolio manager of the Franklin Mutual Beacon Fund since 2007 and co-lead portfolio manager of the Franklin Mutual Global Discovery Fund since 2018. 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
0.08 26.75 5.27 0.67