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FMRVX Franklin Mutual Recovery Adv

  • Fund
  • FMRVX
  • Price as of: N/A
  • N/A N/A N/A
  • Category
  • Uncategorized
  • Fund Company
  • N/A

FMRVX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 10.3%
  • 5 Yr Annualized Return 7.6%
  • Net Assets $61.1 M
  • Holdings in Top 10 28.5%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.12%

SALES FEES

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

BROKERAGE FEES

  • Turnover 31.50%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Aug 20, 2015

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Uncategorized
  • Fund Type Closed-end mutual fund
  • Investment Style Moderate Allocation

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 10.3%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Franklin Mutual Recovery Fund
  • Fund Family Name N/A
  • Inception Date Jun 02, 2003
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager Christian Correa

Fund Description

The fund seeks to achieve superior risk adjusted returns with a moderate correlation to the U.S. equity markets by investing in equity and debt securities. Under normal market conditions, it seeks investments in the following three general categories: Special Situations/Undervalued Securities, Distressed Companies and Merger Arbitrage Securities. The fund may invest without limit in debt securities or instruments in any rating category established by an independent rating agency, including lower-rated (or comparable unrated) or defaulted debt securities.

FMRVX - Performance

Return Ranking - Trailing

Period FMRVX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 268.1% N/A
1 Yr -5.8% -64.8% 268.1% N/A
3 Yr 10.3%* -100.0% 115.6% N/A
5 Yr 7.6%* -100.0% 58.6% N/A
10 Yr 2.8%* -12.1% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period FMRVX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -100.0% 73.0% N/A
2017 N/A -76.0% 212.6% N/A
2016 N/A -65.0% 900.0% N/A
2015 N/A -87.3% 336.8% N/A
2014 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period FMRVX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 268.1% N/A
1 Yr -5.8% -64.8% 268.1% N/A
3 Yr 10.3%* -100.0% 115.6% N/A
5 Yr 7.6%* -100.0% 58.6% N/A
10 Yr 2.8%* -12.1% 26.3% N/A

* Annualized


Total Return Ranking - Calendar

Period FMRVX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -100.0% 76.6% N/A
2017 N/A -30.7% 212.6% N/A
2016 N/A -65.0% 900.0% N/A
2015 N/A -87.3% 341.1% N/A
2014 N/A -60.1% 304.1% N/A

NAV & Total Return History

FMRVX - Holdings

Concentration Analysis

FMRVX Category Low Category High FMRVX % Rank
Net Assets 61.1 M 10 804 B N/A
Number of Holdings 95 1 17333 N/A
Net Assets in Top 10 13.6 M -7.11 B 145 B N/A
Weighting of Top 10 28.50% 0.0% 20474.3% N/A

Top 10 Holdings

  1. Directv 3.62%

  2. Nortel Networks Corp New Cv 1.75% 3.23%

  3. Texas Competitive Electric Hol 3.06%

  4. Symantec Corp 2.93%

  5. DeepOcean Group Holding AS 2.88%

  6. Bluestem Brands Inc 2.77%

  7. Vodafone Group PLC 2.72%

  8. Iheartcommunications Inc 2.47%

  9. Pinnacle Entertainment Inc 2.46%

  10. International Automotive Compo 2.36%


Asset Allocation

Weighting Return Low Return High FMRVX % Rank
Stocks
45.68% -142.98% 259.25% N/A
Bonds
22.96% -955.59% 2458.15% N/A
Cash
21.67% -2458.20% 7388.76% N/A
Other
6.15% -7288.76% 493.15% N/A
Convertible Bonds
3.54% -0.37% 144.58% N/A
Preferred Stocks
0.00% -21.20% 80.89% N/A

Stock Sector Breakdown

Weighting Return Low Return High FMRVX % Rank
Communication Services
7.66% -9.27% 90.02% N/A
Energy
7.32% -6.25% 144.83% N/A
Consumer Cyclical
7.21% -20.80% 87.44% N/A
Financial Services
7.05% -7.59% 99.69% N/A
Technology
5.39% -26.81% 99.57% N/A
Industrials
2.81% -19.53% 93.31% N/A
Consumer Defense
1.99% -7.54% 98.24% N/A
Basic Materials
1.23% -5.18% 96.19% N/A
Healthcare
1.06% -15.38% 100.00% N/A
Utilities
0.10% -3.80% 94.95% N/A
Real Estate
0.00% -8.52% 100.26% N/A

Stock Geographic Breakdown

Weighting Return Low Return High FMRVX % Rank
US
24.51% -142.98% 149.27% N/A
Non US
21.17% -38.73% 159.65% N/A

Bond Sector Breakdown

Weighting Return Low Return High FMRVX % Rank
Corporate
26.22% -46.36% 3345.86% N/A
Cash & Equivalents
21.67% -2458.20% 7388.76% N/A
Municipal
0.28% 0.00% 165.37% N/A
Derivative
0.00% -511.61% 54.22% N/A
Securitized
0.00% -24.16% 264.51% N/A
Government
0.00% -3298.93% 2458.15% N/A

Bond Geographic Breakdown

Weighting Return Low Return High FMRVX % Rank
US
19.51% -955.59% 2458.15% N/A
Non US
3.45% -153.97% 464.75% N/A

FMRVX - Expenses

Operational Fees

FMRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.12% -2.86% 950.64% N/A
Management Fee 2.05% 0.00% 2.87% N/A
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.20% 0.00% 52000.00% N/A

Sales Fees

FMRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 25.00% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FMRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% 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.

FMRVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.50% 0.00% 5067.00% N/A

FMRVX - Distributions

Dividend Yield Analysis

FMRVX Category Low Category High FMRVX % Rank
Dividend Yield 0.00% 0.00% 84.51% N/A

Dividend Distribution Analysis

FMRVX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FMRVX Category Low Category High FMRVX % Rank
Net Income Ratio 2.10% -46.00% 10.88% N/A

Capital Gain Distribution Analysis

FMRVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

FMRVX - Managers

Christian Correa

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2004

10.92

10.9%

Correa is a Portfolio Manager of Franklin Mutual. He has been an analyst for Franklin Mutual since 2003, when he joined Franklin Templeton Investments. Previously, Correa covered U.S. risk arbitrage and special situations at Lehman Brothers Holdings Inc. He holds the charted financial analyst designation.


Keith Luh

Manager

Start Date

Tenure

Tenure Rank

May 01, 2009

6.59

6.6%

KEITH LUH, CFA, has been a portfolio manager for Franklin Mutual since 2009. He has been an analyst for Franklin Mutual since 2005, when he joined Franklin Templeton Investments. Previously, he worked in the investment banking group at Volpe Brown Whelan and Co., LLC and the derivative products trading group at BNP.


Shawn M. Tumulty

Manager

Start Date

Tenure

Tenure Rank

May 31, 2005

10.51

10.5%

Mr. Tumulty has been a portfolio manager for Mutual Quest Fund since 2003 and assumed the duties of lead portfolio manager in 2009. He joined Franklin Templeton Investments in 2000.


Tenure Analysis

Category Low

0.01

Category High

33.52

Category Average

5.37

Category Mode

3.25