FRANKLIN MUTUAL SHARES FUND
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
6.5%
1 yr return
24.0%
3 Yr Avg Return
6.3%
5 Yr Avg Return
7.7%
Net Assets
$7.11 B
Holdings in Top 10
25.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 21.35%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MUTHX - Profile
Distributions
- YTD Total Return 6.5%
- 3 Yr Annualized Total Return 6.3%
- 5 Yr Annualized Total Return 7.7%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 3.56%
- Dividend Yield 3.7%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameFRANKLIN MUTUAL SHARES FUND
-
Fund Family NameFranklin Templeton Investments
-
Inception DateFeb 03, 1997
-
Shares Outstanding169722426
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDeborah Turner
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 may invest a significant portion (up to 35%) of its assets in foreign securities and participations in foreign government debt. The Fund presently does not intend to invest more than 15% of its assets in foreign securities. 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 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 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.
MUTHX - Performance
Return Ranking - Trailing
Period | MUTHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.5% | 1.0% | 10.3% | 57.84% |
1 Yr | 24.0% | 6.8% | 34.5% | 49.19% |
3 Yr | 6.3%* | -9.1% | 7.2% | 7.43% |
5 Yr | 7.7%* | 0.7% | 14.4% | 87.90% |
10 Yr | 6.0%* | 0.2% | 13.3% | 88.43% |
* Annualized
Return Ranking - Calendar
Period | MUTHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.3% | -6.6% | 33.6% | 95.68% |
2022 | -15.6% | -44.4% | -9.8% | 1.09% |
2021 | 6.9% | -24.1% | 18.9% | 73.99% |
2020 | -8.1% | -10.9% | 60.4% | 96.36% |
2019 | 13.6% | 5.9% | 36.4% | 79.62% |
Total Return Ranking - Trailing
Period | MUTHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 6.5% | 1.0% | 10.3% | 57.84% |
1 Yr | 24.0% | 6.8% | 34.5% | 49.19% |
3 Yr | 6.3%* | -9.1% | 7.2% | 7.43% |
5 Yr | 7.7%* | 0.7% | 14.4% | 87.90% |
10 Yr | 6.0%* | 0.2% | 13.3% | 88.43% |
* Annualized
Total Return Ranking - Calendar
Period | MUTHX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.9% | 1.4% | 34.9% | 90.81% |
2022 | -7.1% | -43.2% | -3.8% | 2.19% |
2021 | 19.3% | -24.1% | 26.7% | 23.70% |
2020 | -4.3% | -5.3% | 62.8% | 98.18% |
2019 | 23.1% | 12.4% | 52.6% | 84.08% |
NAV & Total Return History
MUTHX - Holdings
Concentration Analysis
MUTHX | Category Low | Category High | MUTHX % Rank | |
---|---|---|---|---|
Net Assets | 7.11 B | 8.78 M | 119 B | 15.14% |
Number of Holdings | 76 | 5 | 8469 | 12.43% |
Net Assets in Top 10 | 1.8 B | 6.4 M | 20.9 B | 29.73% |
Weighting of Top 10 | 25.66% | 0.7% | 100.0% | 96.22% |
Top 10 Holdings
- JPMorgan Chase Co. 3.39%
- Federal Home Loan Banks 3.21%
- CVS Health Corp. 2.65%
- CBRE Group, Inc., Class A 2.50%
- Kraft Heinz Co. (The) 2.48%
- Global Payments, Inc. 2.41%
- Merck Co., Inc. 2.29%
- Brixmor Property Group, Inc. 2.26%
- Novartis AG 2.24%
- Chevron Corp. 2.24%
Asset Allocation
Weighting | Return Low | Return High | MUTHX % Rank | |
---|---|---|---|---|
Stocks | 91.68% | 0.00% | 100.05% | 71.89% |
Bonds | 4.69% | 0.00% | 141.68% | 10.81% |
Cash | 3.65% | 0.00% | 99.02% | 21.08% |
Convertible Bonds | 0.16% | 0.00% | 3.88% | 25.41% |
Preferred Stocks | 0.00% | 0.00% | 13.37% | 63.24% |
Other | -0.02% | -28.75% | 8.72% | 92.43% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MUTHX % Rank | |
---|---|---|---|---|
Healthcare | 18.86% | 2.06% | 19.02% | 4.35% |
Financial Services | 18.09% | 9.56% | 42.24% | 8.70% |
Technology | 13.54% | 1.75% | 32.38% | 94.02% |
Consumer Cyclical | 11.21% | 1.15% | 24.72% | 51.09% |
Industrials | 10.22% | 1.80% | 14.87% | 59.24% |
Communication Services | 9.50% | 1.90% | 13.69% | 17.93% |
Consumer Defense | 6.95% | 0.47% | 14.80% | 38.04% |
Energy | 5.83% | 0.00% | 31.98% | 17.39% |
Real Estate | 2.33% | 0.00% | 28.04% | 71.20% |
Basic Materials | 2.26% | 0.00% | 8.62% | 93.48% |
Utilities | 1.20% | 0.00% | 15.29% | 81.52% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MUTHX % Rank | |
---|---|---|---|---|
US | 86.11% | 0.00% | 100.05% | 71.35% |
Non US | 5.57% | 0.00% | 32.67% | 3.78% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MUTHX % Rank | |
---|---|---|---|---|
Corporate | 55.32% | 0.00% | 94.65% | 9.19% |
Cash & Equivalents | 3.28% | 0.00% | 33.60% | 21.08% |
Securitized | 1.55% | 0.00% | 24.35% | 37.30% |
Municipal | 0.00% | 0.00% | 11.59% | 75.14% |
Government | 0.00% | 0.00% | 58.00% | 88.65% |
Derivative | -0.02% | -1.12% | 5.93% | 90.81% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MUTHX % Rank | |
---|---|---|---|---|
US | 4.69% | 0.00% | 139.75% | 10.81% |
Non US | 0.00% | 0.00% | 1.93% | 62.70% |
MUTHX - Expenses
Operational Fees
MUTHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.75% | 0.23% | 3.92% | 79.46% |
Management Fee | 0.66% | 0.00% | 1.30% | 83.24% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.28% | 82.87% |
Sales Fees
MUTHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MUTHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 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.
MUTHX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 21.35% | 0.18% | 300.02% | 57.56% |
MUTHX - Distributions
Dividend Yield Analysis
MUTHX | Category Low | Category High | MUTHX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.72% | 0.00% | 8.84% | 7.57% |
Dividend Distribution Analysis
MUTHX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
MUTHX | Category Low | Category High | MUTHX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.56% | -0.65% | 5.31% | 2.20% |
Capital Gain Distribution Analysis
MUTHX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.996 | OrdinaryDividend |
Oct 02, 2023 | $0.455 | OrdinaryDividend |
Dec 20, 2022 | $0.372 | OrdinaryDividend |
Oct 01, 2021 | $0.485 | OrdinaryDividend |
Dec 18, 2020 | $0.478 | OrdinaryDividend |
Dec 27, 2016 | $0.629 | OrdinaryDividend |
Sep 09, 2015 | $0.060 | OrdinaryDividend |
Dec 23, 2014 | $0.771 | OrdinaryDividend |
Sep 09, 2014 | $0.208 | OrdinaryDividend |
Dec 24, 2013 | $0.330 | OrdinaryDividend |
Sep 10, 2013 | $0.111 | OrdinaryDividend |
Dec 24, 2012 | $0.342 | OrdinaryDividend |
Sep 11, 2012 | $0.149 | OrdinaryDividend |
Dec 20, 2011 | $0.337 | OrdinaryDividend |
Sep 07, 2011 | $0.172 | OrdinaryDividend |
Dec 21, 2010 | $0.451 | OrdinaryDividend |
Sep 08, 2010 | $0.182 | OrdinaryDividend |
Dec 22, 2009 | $0.199 | OrdinaryDividend |
Sep 09, 2009 | $0.228 | OrdinaryDividend |
Dec 23, 2008 | $0.237 | OrdinaryDividend |
Sep 09, 2008 | $0.033 | OrdinaryDividend |
Dec 26, 2007 | $0.711 | OrdinaryDividend |
Jun 19, 2007 | $0.039 | OrdinaryDividend |
Dec 27, 2006 | $0.357 | OrdinaryDividend |
Jun 20, 2006 | $0.168 | OrdinaryDividend |
Jun 21, 2005 | $0.046 | OrdinaryDividend |
Dec 28, 2004 | $0.011 | ExtraDividend |
Dec 21, 2004 | $0.289 | OrdinaryDividend |
Jun 22, 2004 | $0.095 | OrdinaryDividend |
Dec 23, 2003 | $0.183 | OrdinaryDividend |
Jun 17, 2003 | $0.137 | OrdinaryDividend |
Dec 24, 2002 | $0.216 | OrdinaryDividend |
Dec 18, 2001 | $0.201 | OrdinaryDividend |
Jun 26, 2001 | $0.042 | OrdinaryDividend |
Dec 19, 2000 | $0.314 | OrdinaryDividend |
Jun 29, 2000 | $0.390 | OrdinaryDividend |
Dec 28, 1999 | $0.365 | OrdinaryDividend |
Jun 25, 1999 | $0.054 | OrdinaryDividend |
Dec 28, 1998 | $0.450 | OrdinaryDividend |
Jul 20, 1998 | $0.080 | OrdinaryDividend |
Jan 02, 1998 | $0.500 | OrdinaryDividend |
Jul 14, 1997 | $0.040 | OrdinaryDividend |
Jan 13, 1997 | $0.476 | OrdinaryDividend |
Jan 26, 1996 | $0.854 | OrdinaryDividend |
Jul 08, 1991 | $0.180 | OrdinaryDividend |
MUTHX - Fund Manager Analysis
Managers
Deborah Turner
Start Date
Tenure
Tenure Rank
Aug 01, 2001
20.84
20.8%
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.
Christian Correa
Start Date
Tenure
Tenure Rank
Nov 02, 2020
1.58
1.6%
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.
Grace Hoefig
Start Date
Tenure
Tenure Rank
Nov 02, 2020
1.58
1.6%
Grace Hoefig, Vice President and Portfolio Manager of Franklin Advisory Services. Ms. Hoefig joined Franklin Templeton in February 2008 as a research analyst. She has been in the investment industry for more than 20 years. Prior to joining Franklin Templeton, Ms. Hoefig was a managing director at AXIA Capital Management LLC., and has held senior analyst positions at Heine Securities Co., First Manhattan Co. and Neuberger & Berman.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.19 | 26.6 | 6.51 | 2.41 |