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MUTHX Franklin Mutual Shares Z

  • Fund
  • MUTHX
  • Price as of: Aug 08, 2016
  • $28.05
  • + $0.05
  • + 0.18%
  • Category
  • Large Cap Value Equities

MUTHX - Profile

Vitals

  • YTD Return 7.9%
  • 3 Yr Annualized Return 6.4%
  • 5 Yr Annualized Return 9.4%
  • Net Assets $14.9 B
  • Holdings in Top 10 25.4%

52 WEEK LOW AND HIGH

$28.05
$23.21
$29.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.81%

SALES FEES

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

BROKERAGE FEES

  • Turnover 19.99%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

$250

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--85%+ Equity

Distributions

  • YTD Total Return 7.9%
  • 3 Yr Annualized Total Return 6.4%
  • 5 Yr Annualized Total Return 9.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.82%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Franklin Mutual Shares Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Jul 01, 1949
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Deborah A. Turner

Fund Description

The Franklin Mutual Shares Z (MUTHX) is an actively managed fund that seeks to grow invested capital as well as provide a steady level of income. The fund will focus on undervalued stocks from both domestic and international issuers in the mid- to large-cap space. The fund may also invest in special situations, such as merger-arbitrage and distressed securities, if there is value to be had.
MUTHX’s mandate as a go-anywhere value fund makes it an ideal satellite position. The mutual fund is managed by Franklin Mutual Advisors.

MUTHX - Performance

Return Ranking - Trailing

Period MUTHX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.9% -49.0% 20.6% 26.64% 2
1 Yr -0.8% -16.5% 24.9% 66.70% 4
3 Yr 6.4% * -3.3% 12.6% 65.71% 4
5 Yr 9.4% * -0.1% 15.3% 76.77% 4
10 Yr 5.1% * 0.3% 9.5% 64.49% 4

* Annualized


Return Ranking - Calendar

Period MUTHX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -11.9% -47.3% 4.5% 65.14% 4
2014 N/A -10.5% 7.1% N/A N/A
2013 N/A 23.2% 38.5% N/A N/A
2012 N/A 9.9% 35.8% N/A N/A
2011 N/A -34.9% 7.5% N/A N/A

Total Return Ranking - Trailing

Period MUTHX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.9% -49.0% 20.6% 26.92% 2
1 Yr -0.8% -19.4% 21.9% 56.52% 3
3 Yr 6.4% * -3.3% 12.6% 58.62% 3
5 Yr 9.4% * -0.1% 15.3% 71.54% 4
10 Yr 5.1% * 0.3% 9.5% 60.91% 4

* Annualized


Total Return Ranking - Calendar

Period MUTHX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -11.9% -47.3% 4.5% 65.14% 4
2014 N/A -10.5% 8.7% N/A N/A
2013 N/A 31.7% 41.8% N/A N/A
2012 N/A 13.8% 43.8% N/A N/A
2011 N/A -37.1% 12.6% N/A N/A

NAV & Total Return History

MUTHX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

MUTHX Category Low Category High MUTHX % Rank Quintile
Net Assets 14.9 B 273 K 82.2 B 1.24% 1
Number of Holdings 153 1 1019 4.85% 1
Net Assets in Top 10 3.67 B 0 24.3 B 1.33% 1
Weighting of Top 10 25.4% 0.0% 100.1% 20.17% 4

Top 10 Holdings

  1. Microsoft Corp 3.66%
  2. Merck & Co Inc 3.03%
  3. Medtronic PLC 2.95%
  4. White Mountains Insurance Group Ltd 3.64%
  5. PNC Financial Services Group Inc 2.01%
  6. American International Group Inc 1.90%
  7. Eli Lilly and Co 1.94%
  8. Time Warner Cable Inc 2.50%
  9. British American Tobacco PLC 1.98%
  10. Chubb Ltd 1.78%

Asset Allocation

Weighting Category Low Category High MUTHX % Rank Quintile
Stocks
89.71% 0.00% 145.57% 22.36% 5
Cash
4.31% -45.58% 100.00% 6.09% 1
Bonds
3.64% -0.25% 68.80% 1.24% 1
Other
2.34% -2.39% 29.06% 1.90% 1
Preferred Stocks
0.00% 0.00% 16.29% 3.04% 3
Convertible Bonds
0.00% 0.00% 6.26% 1.24% 2

Stock Sector Breakdown

Weighting Category Low Category High MUTHX % Rank Quintile
Financial Services
23.16% 0.00% 41.32% 10.10% 2
Healthcare
13.56% 0.00% 29.91% 13.35% 3
Technology
13.52% 0.00% 28.40% 7.82% 2
Consumer Defense
10.91% -1.99% 26.19% 6.86% 2
Consumer Cyclical
9.00% 0.00% 36.79% 12.39% 3
Energy
6.63% 0.00% 29.15% 21.54% 4
Communication Services
5.20% -0.78% 14.21% 6.58% 2
Industrials
4.15% 0.00% 31.23% 25.55% 5
Basic Materials
2.25% 0.00% 18.87% 16.21% 4
Real Estate
0.94% -0.42% 20.47% 13.73% 3
Utilities
0.40% 0.00% 77.60% 22.31% 5

Stock Geographic Breakdown

Weighting Category Low Category High MUTHX % Rank Quintile
US
71.07% 0.00% 135.19% 26.74% 5
Non US
18.64% 0.00% 97.88% 1.62% 1

Bond Sector Breakdown

Weighting Category Low Category High MUTHX % Rank Quintile
Cash & Equivalents
4.38% -45.58% 100.00% 5.90% 1
Corporate
3.03% 0.00% 64.80% 1.81% 1
Municipal
0.31% 0.00% 1.16% 0.19% 1
Government
0.30% 0.00% 23.55% 1.43% 1
Securitized
0.00% 0.00% 24.61% 0.57% 2
Derivative
-0.07% -0.31% 0.00% 0.67% 5

Bond Geographic Breakdown

Weighting Category Low Category High MUTHX % Rank Quintile
US
3.64% -0.25% 54.49% 1.24% 1
Non US
0.00% 0.00% 14.87% 1.43% 2

MUTHX - Expenses

Operational Fees

MUTHX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.81% 0.05% 21.67% 18.46% 2
Management Fee 0.64% 0.00% 1.20% 3.04% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 0.50% 2.62% 4

Sales Fees

MUTHX Fees (% of AUM) Category Low Category High MUTHX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

MUTHX Fees (% of AUM) Category Low Category High MUTHX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover 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.

MUTHX Fees (% of AUM) Category Low Category High MUTHX Rank Quintile
Turnover 19.99% 0.00% 293.00% 12.75% 1

MUTHX - Distributions

Dividend Yield Analysis

MUTHX Category Low Category High MUTHX % Rank Quintile
Dividend Yield 0.4% 0.00% 3.58% 12.55% 1

Dividend Distribution Analysis

MUTHX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

MUTHX Category Low Category High MUTHX % Rank Quintile
Net Income Ratio 1.82% -1.41% 3.44% 9.71% 2

Capital Gain Distribution Analysis

MUTHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

MUTHX - Managers

Deborah A. Turner

Manager

Start Date

Aug 01, 2001

Tenure

15.01

Tenure Rank

2.3%

Turner is a portfolio manager of Franklin Mutual. She joined Franklin Templeton Investments in 1996. Between 1993 and 1996, she was employed at Heine Securities Corporation, the Funds' former manager. She has more than 13 years of experience in the investment management industry.


Peter A. Langerman

Lead Manager

Start Date

May 19, 2005

Tenure

11.21

Tenure Rank

3.5%

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.


F. David Segal

Lead Manager

Start Date

May 19, 2005

Tenure

11.21

Tenure Rank

3.5%

David Segal is an analyst for Franklin Mutual Advisers, specializing in the analysis of the oil and gas, paper and forest products, and defense sectors. Prior to joining Mutual Advisers in 2002, Mr. Segal was an associate director in the structured finance group at MetLife. He has over 12 years of experience in the financial services industry. Mr. Segal received a Bachelor of Arts degree from the University of Michigan and an MBA from New York University's Stern School of Business. He has a CFA designation, and is a member of the CFA Institute and the New York Society of Security Analysts.


Tenure Analysis

Category Low

0.1

Category High

37.9

Category Average

6.92

Category Mode

1.6