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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$29.50

$9.68 B

3.83%

$1.13

1.02%

Vitals

YTD Return

8.6%

1 yr return

-9.3%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

-2.3%

Net Assets

$9.68 B

Holdings in Top 10

24.9%

52 WEEK LOW AND HIGH

$29.4
$25.61
$33.06

Expenses

OPERATING FEES

Expense Ratio 1.02%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 40.67%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$29.50

$9.68 B

3.83%

$1.13

1.02%

MDISX - Profile

Distributions

  • YTD Total Return 8.6%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return -2.3%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.28%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Franklin Mutual Global Discovery Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Dec 31, 1992
  • Shares Outstanding
    103134554
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Timothy Rankin

Fund Description

Under normal market conditions, 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 (fundamental value). Following this value-oriented strategy, the Fund invests primarily in undervalued securities (securities trading at a discount to fundamental value). The equity securities in which the Fund invests are primarily common stock. To a lesser extent, the Fund also invests in merger arbitrage securities and the debt and equity of distressed companies.

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 currently invests the equity portion of its portfolio predominantly in mid- and large-cap companies, with the remaining portion of its equity portfolio in smaller companies. While the Fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors.

The Fund may invest substantially and potentially up to 100% of its assets in foreign securities and participations in foreign government debt. Depending on market conditions, the Fund's investments in foreign securities may fluctuate, but the Fund generally invests at least 30% of its assets in foreign securities or other investments that provide exposure to foreign securities. The Fund presently does not intend to invest more than a portion (no more than 25%) of its assets in securities of issuers located in emerging market countries. 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.

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MDISX - Performance

Return Ranking - Trailing

Period MDISX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -35.6% 29.2% 6.04%
1 Yr -9.3% 17.3% 252.4% 64.66%
3 Yr -1.2%* -3.5% 34.6% 87.59%
5 Yr -2.3%* 0.1% 32.7% 88.19%
10 Yr -0.2%* -6.9% 18.3% 80.89%

* Annualized

Return Ranking - Calendar

Period MDISX Return Category Return Low Category Return High Rank in Category (%)
2022 -14.0% -24.3% 957.1% 96.57%
2021 4.8% -38.3% 47.1% 75.35%
2020 -2.7% -54.2% 0.6% 69.04%
2019 3.8% -76.0% 54.1% 96.19%
2018 -3.7% -26.1% 47.8% 17.38%

Total Return Ranking - Trailing

Period MDISX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.6% -35.6% 29.2% 6.15%
1 Yr -9.3% 11.4% 252.4% 60.91%
3 Yr -1.2%* -3.5% 34.6% 86.01%
5 Yr -2.3%* 0.1% 32.7% 86.85%
10 Yr 3.2%* -6.9% 18.3% 79.22%

* Annualized

Total Return Ranking - Calendar

Period MDISX Return Category Return Low Category Return High Rank in Category (%)
2022 -14.0% -24.3% 957.1% 96.57%
2021 4.8% -33.1% 47.1% 75.60%
2020 -2.7% -44.4% 1.8% 78.47%
2019 3.8% -6.5% 54.1% 95.31%
2018 -3.7% -14.4% 47.8% 2.39%

NAV & Total Return History


MDISX - Holdings

Concentration Analysis

MDISX Category Low Category High MDISX % Rank
Net Assets 9.68 B 199 K 133 B 8.22%
Number of Holdings 73 1 9075 39.76%
Net Assets in Top 10 2.27 B -18 M 37.6 B 12.00%
Weighting of Top 10 24.93% 9.1% 100.0% 68.65%

Top 10 Holdings

  1. GlaxoSmithKline PLC 3.43%
  2. GlaxoSmithKline PLC 3.43%
  3. GlaxoSmithKline PLC 3.43%
  4. GlaxoSmithKline PLC 3.43%
  5. GlaxoSmithKline PLC 3.43%
  6. GlaxoSmithKline PLC 3.43%
  7. GlaxoSmithKline PLC 3.43%
  8. GlaxoSmithKline PLC 3.43%
  9. GlaxoSmithKline PLC 3.43%
  10. GlaxoSmithKline PLC 3.43%

Asset Allocation

Weighting Return Low Return High MDISX % Rank
Stocks
98.20% 61.84% 125.47% 97.69%
Cash
1.27% -174.70% 23.12% 7.60%
Bonds
0.37% -1.50% 161.67% 0.88%
Convertible Bonds
0.16% 0.00% 4.46% 45.37%
Preferred Stocks
0.00% -0.01% 5.28% 50.99%
Other
0.00% -13.98% 19.14% 55.40%

Stock Sector Breakdown

Weighting Return Low Return High MDISX % Rank
Financial Services
20.38% 0.00% 38.42% 4.52%
Healthcare
17.17% 0.00% 35.42% 16.85%
Industrials
13.84% 0.00% 44.06% 86.01%
Technology
11.05% 0.00% 49.87% 78.41%
Consumer Defense
9.00% 0.00% 73.28% 51.76%
Communication Services
8.13% 0.00% 57.66% 69.38%
Consumer Cyclical
7.64% 0.00% 40.94% 83.37%
Energy
6.40% 0.00% 21.15% 0.99%
Basic Materials
4.65% 0.00% 38.60% 34.69%
Utilities
1.74% 0.00% 29.12% 83.15%
Real Estate
0.00% 0.00% 39.48% 84.47%

Stock Geographic Breakdown

Weighting Return Low Return High MDISX % Rank
Non US
55.33% 0.58% 99.46% 64.98%
US
42.87% 0.13% 103.82% 72.03%

Bond Sector Breakdown

Weighting Return Low Return High MDISX % Rank
Cash & Equivalents
74.81% 0.00% 100.00% 91.95%
Corporate
25.19% 0.00% 99.70% 4.03%
Derivative
0.00% 0.00% 100.00% 48.66%
Securitized
0.00% 0.00% 24.65% 41.50%
Municipal
0.00% 0.00% 0.70% 41.50%
Government
0.00% 0.00% 100.00% 2.13%

Bond Geographic Breakdown

Weighting Return Low Return High MDISX % Rank
US
0.37% -0.01% 130.80% 0.99%
Non US
0.00% -11.21% 30.87% 44.49%

MDISX - Expenses

Operational Fees

MDISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.01% 44.27% 63.63%
Management Fee 0.84% 0.00% 1.82% 80.09%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.76% 72.06%

Sales Fees

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

Trading Fees

MDISX 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.

MDISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.67% 0.00% 395.00% 14.22%

MDISX - Distributions

Dividend Yield Analysis

MDISX Category Low Category High MDISX % Rank
Dividend Yield 3.83% 0.00% 3.26% 44.86%

Dividend Distribution Analysis

MDISX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Annually Annually

Net Income Ratio Analysis

MDISX Category Low Category High MDISX % Rank
Net Income Ratio 1.28% -4.27% 12.65% 1.93%

Capital Gain Distribution Analysis

MDISX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Distributions History

View More +

MDISX - Fund Manager Analysis

Managers

Timothy Rankin


Start Date

Tenure

Tenure Rank

Dec 31, 2010

11.42

11.4%

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

4.41

4.4%

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.

Katrina Dudley


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Katrina Dudley is co-lead portfolio manager of the Franklin Mutual European mutual funds. She has been a manager of these funds for the past 10 years and has been a member of the Mutual Series team for 14 years. Ms. Dudley has an MBA from New York University's Stern School of Business, a B.A. of Laws and a B.A. in Commerce from Bond University, and an Associate of Science degree from the University of the People. She is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 35.82 6.24 1.25