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TEDSX Franklin Mutual Global Discovery C

  • Fund
  • TEDSX
  • Price as of: Dec 01, 2016
  • $30.49
  • - $0.04
  • - 0.13%
  • Category
  • Global Equities

TEDSX - Profile

Vitals

  • YTD Return 6.8%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 8.3%
  • Net Assets $21.8 B
  • Holdings in Top 10 18.9%

52 WEEK LOW AND HIGH

$30.49
$24.98
$31.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.99%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 21.79%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Global Equities
  • Fund Type Open End Mutual Fund
  • Investment Style World Stock

Distributions

  • YTD Total Return 8.6%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 8.3%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.56%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Franklin Mutual Global Discovery Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Nov 01, 1996
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Timothy Rankin

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). It invests primarily in undervalued securities (securities trading at a discount to intrinsic value). It may invest substantially and potentially up to 100% of its assets in foreign securities.

TEDSX - Performance

Return Ranking - Trailing

Period TEDSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.8% -30.4% 31.8% 13.34% 1
1 Yr 3.3% -32.1% 37.9% 24.26% 2
3 Yr 3.0% * -11.9% 22.1% 48.32% 3
5 Yr 8.3% * -5.7% 21.1% 51.45% 3
10 Yr 4.8% * -2.8% 14.9% 33.82% 2

* Annualized


Return Ranking - Calendar

Period TEDSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -12.1% -27.7% 17.2% 79.71% 5
2014 -1.4% -40.2% 18.4% 40.66% 3
2013 17.4% -23.4% 52.0% 64.57% 4
2012 4.1% -2.5% 30.2% 85.53% 5
2011 -6.9% -33.0% 11.1% 28.00% 2

Total Return Ranking - Trailing

Period TEDSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.6% -30.4% 31.8% 10.57% 1
1 Yr 2.4% -38.6% 185.9% 26.65% 2
3 Yr 3.0% * -12.9% 35.8% 42.84% 3
5 Yr 8.3% * -6.1% 21.1% 46.33% 3
10 Yr 4.8% * -2.9% 14.9% 30.69% 2

* Annualized


Total Return Ranking - Calendar

Period TEDSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -4.9% -26.4% 23.7% 71.28% 4
2014 5.0% -13.6% 35.6% 28.29% 2
2013 31.9% -3.8% 170.1% 39.51% 2
2012 18.9% -4.2% 350.8% 57.16% 3
2011 -5.7% -80.4% 24.9% 27.36% 2

NAV & Total Return History

TEDSX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

TEDSX Category Low Category High TEDSX % Rank Quintile
Net Assets 21.8 B 949 K 81.6 B 0.57% 1
Number of Holdings 169 1 7588 5.86% 1
Net Assets in Top 10 4.12 B 0 17 B 0.57% 1
Weighting of Top 10 18.9% 0.0% 104.7% 23.63% 4

Top 10 Holdings

  1. Merck & Co Inc 2.53%
  2. Microsoft Corp 2.69%
  3. Medtronic PLC 2.10%
  4. British American Tobacco PLC 1.63%
  5. NN Group NV 1.59%
  6. Novartis AG ADR 1.75%
  7. Royal Dutch Shell PLC Class A 1.76%
  8. Symantec Corp 1.69%
  9. Eli Lilly and Co 1.65%
  10. Royal Philips NV 1.51%

Asset Allocation

Weighting Category Low Category High TEDSX % Rank Quintile
Stocks
89.45% 0.00% 132.91% 23.82% 5
Bonds
4.86% 0.00% 96.20% 2.55% 1
Cash
3.16% -35.60% 102.01% 12.38% 2
Other
2.53% -5.37% 40.46% 4.91% 1
Convertible Bonds
0.00% 0.00% 29.24% 1.61% 1
Preferred Stocks
0.00% 0.00% 10.39% 4.44% 2

Stock Sector Breakdown

Weighting Category Low Category High TEDSX % Rank Quintile
Financial Services
22.54% 0.00% 40.61% 2.65% 1
Healthcare
12.91% 0.00% 48.64% 10.50% 2
Technology
12.90% 0.00% 74.20% 16.65% 3
Consumer Cyclical
10.53% 0.00% 46.58% 17.98% 4
Consumer Defense
7.96% 0.00% 56.28% 15.42% 3
Energy
6.87% 0.00% 53.37% 8.23% 2
Communication Services
6.62% -1.23% 82.03% 6.62% 2
Industrials
5.15% 0.00% 72.23% 27.06% 5
Basic Materials
2.79% 0.00% 33.69% 15.80% 3
Utilities
1.18% 0.00% 81.98% 14.47% 3
Real Estate
0.00% 0.00% 95.26% 20.34% 4

Stock Geographic Breakdown

Weighting Category Low Category High TEDSX % Rank Quintile
US
49.05% 0.00% 126.77% 16.26% 3
Non US
40.40% 0.00% 97.75% 20.51% 4

Bond Sector Breakdown

Weighting Category Low Category High TEDSX % Rank Quintile
Cash & Equivalents
4.94% -35.60% 102.01% 8.23% 2
Corporate
2.10% 0.00% 80.53% 3.03% 1
Municipal
0.30% 0.00% 1.38% 0.47% 1
Government
0.05% 0.00% 62.59% 4.07% 1
Securitized
0.00% 0.00% 15.81% 1.51% 1
Derivative
-0.10% -30.89% 18.26% 2.37% 5

Bond Geographic Breakdown

Weighting Category Low Category High TEDSX % Rank Quintile
US
4.86% -22.48% 59.83% 1.89% 1
Non US
0.00% 0.00% 118.68% 3.31% 2

TEDSX - Expenses

Operational Fees

TEDSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.99% 0.00% 323.68% 15.03% 4
Management Fee 0.80% 0.00% 1.95% 3.22% 3
12b-1 Fee 1.00% 0.00% 1.00% 0.14% 4
Administrative Fee 0.15% 0.01% 0.45% 1.84% 4

Sales Fees

TEDSX Fees (% of AUM) Category Low Category High TEDSX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 1.00% 1.00% 5.00% 2.29% 1

Trading Fees

TEDSX Fees (% of AUM) Category Low Category High TEDSX Rank Quintile
Max Redemption Fee N/A 0.08% 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.

TEDSX Fees (% of AUM) Category Low Category High TEDSX Rank Quintile
Turnover 21.79% 0.00% 2311.00% 14.33% 1

TEDSX - Distributions

Dividend Yield Analysis

TEDSX Category Low Category High TEDSX % Rank Quintile
Dividend Yield 0.1% 0.00% 2.38% 67.24% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TEDSX Category Low Category High TEDSX % Rank Quintile
Net Income Ratio 0.56% -2.05% 6.75% 23.44% 3

Capital Gain Distribution Analysis

TEDSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

TEDSX - Managers

Timothy Rankin

Manager

Start Date

Dec 31, 2010

Tenure

5.84

Tenure Rank

4.5%

Rankin, CFA, 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. He earned his B.A. in urban studies and economics from Columbia University.


Peter A. Langerman

Manager

Start Date

Dec 07, 2009

Tenure

6.9

Tenure Rank

3.8%

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.


Philippe Brugère-Trélat

Manager

Start Date

Dec 07, 2009

Tenure

6.9

Tenure Rank

3.8%

Brugere-Trelat is Vice President of Franklin Mutual Advisers, LLC and has been Portfolio Manager since 2004 and Lead Portfolio Manager since 2005. Between 1984 and 1994, he was employed at Heine Securities Corporation. Brugere-Trelat brings over twenty years of experience in the European equity markets having begun his career with Mutual Series Fund in 1984 under Max Heine and Michael Price. From 1994-1996, he was Principal of Omega Advisors, Inc. Brugere-Trelat received his M.A. in Law and Political Science from the University of Paris.


Tenure Analysis

Category Low

0.0

Category High

34.2

Category Average

5.61

Category Mode

4.8