FRANKLIN MUTUAL FINANCIAL SERVICES FUND
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.8%
1 yr return
28.6%
3 Yr Avg Return
6.7%
5 Yr Avg Return
6.7%
Net Assets
$354 M
Holdings in Top 10
39.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.07%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 28.18%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TMFSX - Profile
Distributions
- YTD Total Return 9.8%
- 3 Yr Annualized Total Return 6.7%
- 5 Yr Annualized Total Return 6.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.14%
- Dividend Yield 1.4%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameFRANKLIN MUTUAL FINANCIAL SERVICES FUND
-
Fund Family NameFranklin Templeton Group of Funds
-
Inception DateOct 20, 1997
-
Shares Outstanding958623
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAndrew Dinnhaupt
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets in securities of financial services 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 equity securities (securities trading at a discount to fundamental value). The equity securities in which the Fund invests are primarily common stock.
The Fund is not limited to pre-set maximums or minimums governing the size of the companies in which it may invest. However, the Fund invests the equity portion of its portfolio substantially in mid- and large cap companies and may invest a significant portion of its equity portfolio in small-cap companies.
The Fund may invest in foreign securities without limit. Although the investment manager will search for investments across a large number of countries and regions, from time to time, based on economic conditions, the Fund may have significant positions in particular countries or regions.
The Fund regularly attempts to hedge (protect) against currency risks, largely using currency forward contracts and currency futures contracts (including currency index futures contracts) when, in the investment manager’s opinion, it would be advantageous to the Fund to do so. The Fund may also, from time to time, attempt to hedge against market risk using a variety of derivatives.
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, book value, and fundamental analysis, including environmental, social and governance (ESG) considerations. The investment manager examines each investment separately and there are no set criteria as to specific value parameters, asset size, earnings or industry type. The investment manager does not assess every investment for ESG factors and, when it does, not every ESG factor may be identified or evaluated. For example, the investment manager’s assessment of investments in special situations investments, notably merger arbitrage and distressed debt, generally does not include analysis of ESG factors.
TMFSX - Performance
Return Ranking - Trailing
Period | TMFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.8% | -10.7% | 15.6% | 8.79% |
1 Yr | 28.6% | 17.1% | 39.0% | 47.25% |
3 Yr | 6.7%* | -20.4% | 14.9% | 29.67% |
5 Yr | 6.7%* | -5.9% | 17.9% | 61.54% |
10 Yr | 6.5%* | -0.8% | 13.5% | 60.81% |
* Annualized
Return Ranking - Calendar
Period | TMFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.8% | -12.2% | 29.3% | 47.25% |
2022 | -6.8% | -56.2% | 9.4% | 5.49% |
2021 | 22.3% | 1.6% | 54.4% | 72.83% |
2020 | -8.3% | -41.2% | 61.3% | 64.13% |
2019 | 17.2% | 10.5% | 97.3% | 81.52% |
Total Return Ranking - Trailing
Period | TMFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.8% | -10.7% | 15.6% | 8.79% |
1 Yr | 28.6% | 17.1% | 39.0% | 47.25% |
3 Yr | 6.7%* | -20.4% | 14.9% | 29.67% |
5 Yr | 6.7%* | -5.9% | 17.9% | 61.54% |
10 Yr | 6.5%* | -0.8% | 13.5% | 60.81% |
* Annualized
Total Return Ranking - Calendar
Period | TMFSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 11.2% | -8.5% | 32.0% | 62.64% |
2022 | -5.7% | -56.2% | 11.4% | 10.99% |
2021 | 22.7% | 18.8% | 56.8% | 91.30% |
2020 | -7.7% | -41.2% | 61.3% | 79.35% |
2019 | 18.1% | 12.8% | 101.7% | 94.57% |
NAV & Total Return History
TMFSX - Holdings
Concentration Analysis
TMFSX | Category Low | Category High | TMFSX % Rank | |
---|---|---|---|---|
Net Assets | 354 M | 1.21 M | 38.4 B | 49.46% |
Number of Holdings | 66 | 26 | 412 | 43.48% |
Net Assets in Top 10 | 138 M | 456 K | 18.4 B | 44.57% |
Weighting of Top 10 | 38.96% | 18.0% | 84.7% | 60.87% |
Top 10 Holdings
- ASR Nederland NV 4.34%
- JPMorgan Chase Co. 4.26%
- Voya Financial, Inc. 3.99%
- Hartford Financial Services Group, Inc. (The) 3.89%
- PNC Financial Services Group, Inc. (The) 3.88%
- Everest Group Ltd. 3.82%
- Capital One Financial Corp. 3.79%
- Columbia Banking System, Inc. 3.69%
- Federal Home Loan Banks 3.66%
- NN Group NV 3.64%
Asset Allocation
Weighting | Return Low | Return High | TMFSX % Rank | |
---|---|---|---|---|
Stocks | 96.25% | 95.27% | 107.75% | 95.65% |
Cash | 3.99% | -8.24% | 32.40% | 18.48% |
Preferred Stocks | 0.00% | 0.00% | 3.05% | 59.78% |
Convertible Bonds | 0.00% | 0.00% | 0.10% | 57.61% |
Bonds | 0.00% | 0.00% | 2.83% | 64.13% |
Other | -0.25% | -1.65% | 2.20% | 95.65% |
Stock Sector Breakdown
Weighting | Return Low | Return High | TMFSX % Rank | |
---|---|---|---|---|
Financial Services | 89.12% | 46.33% | 100.00% | 76.09% |
Industrials | 3.29% | 0.00% | 5.08% | 4.35% |
Consumer Cyclical | 3.22% | 0.00% | 42.54% | 10.87% |
Technology | 2.47% | 0.00% | 43.13% | 21.74% |
Real Estate | 1.89% | 0.00% | 40.95% | 26.09% |
Utilities | 0.00% | 0.00% | 5.37% | 57.61% |
Healthcare | 0.00% | 0.00% | 5.97% | 60.87% |
Energy | 0.00% | 0.00% | 6.18% | 57.61% |
Communication Services | 0.00% | 0.00% | 4.06% | 59.78% |
Consumer Defense | 0.00% | 0.00% | 4.66% | 57.61% |
Basic Materials | 0.00% | 0.00% | 4.54% | 56.52% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TMFSX % Rank | |
---|---|---|---|---|
US | 61.07% | 0.00% | 106.12% | 92.39% |
Non US | 35.18% | 0.00% | 99.31% | 9.78% |
TMFSX - Expenses
Operational Fees
TMFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.07% | 0.08% | 11.17% | 13.04% |
Management Fee | 0.88% | 0.03% | 1.25% | 75.27% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 89.13% |
Administrative Fee | N/A | 0.10% | 0.34% | 64.29% |
Sales Fees
TMFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 1.00% | 50.00% |
Trading Fees
TMFSX 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.
TMFSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 28.18% | 3.00% | 406.00% | 48.15% |
TMFSX - Distributions
Dividend Yield Analysis
TMFSX | Category Low | Category High | TMFSX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.42% | 0.00% | 12.85% | 61.29% |
Dividend Distribution Analysis
TMFSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
TMFSX | Category Low | Category High | TMFSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.14% | -0.76% | 10.57% | 17.39% |
Capital Gain Distribution Analysis
TMFSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 24, 2024 | $0.202 | OrdinaryDividend |
Dec 20, 2023 | $0.278 | OrdinaryDividend |
Oct 02, 2023 | $0.034 | OrdinaryDividend |
Dec 20, 2022 | $0.276 | OrdinaryDividend |
Dec 17, 2021 | $0.055 | OrdinaryDividend |
Oct 01, 2021 | $0.039 | OrdinaryDividend |
Dec 18, 2020 | $0.113 | OrdinaryDividend |
Oct 02, 2020 | $0.015 | OrdinaryDividend |
Dec 24, 2019 | $0.156 | OrdinaryDividend |
Oct 08, 2019 | $0.019 | OrdinaryDividend |
Dec 27, 2017 | $0.200 | OrdinaryDividend |
Sep 06, 2017 | $0.052 | OrdinaryDividend |
Dec 27, 2016 | $0.043 | OrdinaryDividend |
Sep 07, 2016 | $0.048 | OrdinaryDividend |
Dec 22, 2015 | $0.075 | OrdinaryDividend |
Sep 09, 2015 | $0.063 | OrdinaryDividend |
Dec 23, 2014 | $0.144 | OrdinaryDividend |
Sep 09, 2014 | $0.045 | OrdinaryDividend |
Dec 24, 2013 | $0.002 | OrdinaryDividend |
Sep 10, 2013 | $0.021 | OrdinaryDividend |
Dec 24, 2012 | $0.054 | OrdinaryDividend |
Sep 11, 2012 | $0.040 | OrdinaryDividend |
Dec 20, 2011 | $0.140 | OrdinaryDividend |
Dec 21, 2010 | $0.386 | OrdinaryDividend |
Sep 08, 2010 | $0.047 | OrdinaryDividend |
Dec 22, 2009 | $0.214 | OrdinaryDividend |
Sep 09, 2009 | $0.004 | OrdinaryDividend |
Dec 23, 2008 | $0.211 | OrdinaryDividend |
Sep 09, 2008 | $0.038 | OrdinaryDividend |
Dec 26, 2007 | $0.266 | OrdinaryDividend |
Jun 19, 2007 | $0.110 | OrdinaryDividend |
Dec 27, 2006 | $0.285 | OrdinaryDividend |
Jun 20, 2006 | $0.070 | OrdinaryDividend |
Jun 21, 2005 | $0.017 | OrdinaryDividend |
Dec 21, 2004 | $0.096 | OrdinaryDividend |
Jun 22, 2004 | $0.013 | OrdinaryDividend |
Dec 23, 2003 | $0.049 | OrdinaryDividend |
Jun 17, 2003 | $0.017 | OrdinaryDividend |
Dec 24, 2002 | $0.088 | OrdinaryDividend |
Jun 18, 2002 | $0.023 | OrdinaryDividend |
Dec 18, 2001 | $0.046 | OrdinaryDividend |
Jun 26, 2001 | $0.017 | OrdinaryDividend |
Dec 19, 2000 | $0.102 | OrdinaryDividend |
Jun 29, 2000 | $0.002 | OrdinaryDividend |
Dec 28, 1999 | $0.006 | OrdinaryDividend |
Jun 25, 1999 | $0.033 | OrdinaryDividend |
Dec 28, 1998 | $0.068 | OrdinaryDividend |
TMFSX - Fund Manager Analysis
Managers
Andrew Dinnhaupt
Start Date
Tenure
Tenure Rank
Jan 02, 2014
8.41
8.4%
Mr. Dinnhaupt has been a portfolio manager for Franklin Mutual since January 2014 and assumed the duties of co-lead portfolio manager in December 2014. He joined Franklin Templeton Investments in 2011. Prior to joining Franklin Templeton Investments, he was a portfolio manager and senior analyst covering the global financial services sector for RBC Capital Markets. Previously, Dinnhaupt is a vice president and co-portfolio manager at Mitchell Hutchins Asset Management. He joined the firm in 1996 as an equity analyst. Previously, he worked at Summit Bank as a research analyst for the financial services, transportation and aerospace industries. Dinnhaupt earned his Chartered Financial Analyst designation in 1998.
Luis Hernandez
Start Date
Tenure
Tenure Rank
May 01, 2019
3.08
3.1%
Mr. Hernandez has joined Franklin Templeton Investments in 2002.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 25.42 | 9.67 | 4.58 |