Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

TEDIX Franklin Mutual Global Discovery A

  • Fund
  • TEDIX
  • Price as of: Jun 04, 2019
  • $29.22 + $0.50 + 1.74%
  • Category
  • Global Equities

TEDIX - Profile

Vitals

  • YTD Return 11.0%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return -3.6%
  • Net Assets $16.4 B
  • Holdings in Top 10 23.8%

52 WEEK LOW AND HIGH

$29.22
$25.26
$32.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.22%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.70%

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 Large Stock

Distributions

  • YTD Total Return 11.0%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return -3.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name Franklin Mutual Global Discovery Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Dec 31, 1992
  • Shares Outstanding 266536068
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Peter A. Langerman

Fund Description

The Franklin Mutual Global Discovery Fund Class A (TEDIX) is an actively managed fund that focuses on undervalued large- and mid-cap stocks across the globe. The fund’s managers use a variety of fundamental metrics to uncover stocks that it will hold until the market “discovers” their true worth. There is no sector requirement, and the fund can invest up to half of its portfolio in foreign and international equities.

TEDIX features below-average costs. As an actively managed value fund, TEDIX makes an ideal subcore position in a broad equity portfolio. The fund is managed by Franklin Mutual Advisers.

TEDIX - Performance

Return Ranking - Trailing

Period TEDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -24.9% 30.5% 67.31%
1 Yr -7.9% -72.1% 11.6% 55.04%
3 Yr 0.0%* -32.4% 25.5% 83.42%
5 Yr -3.6%* -22.9% 13.1% 83.04%
10 Yr 2.0%* -9.7% 13.5% 88.74%

* Annualized


Return Ranking - Calendar

Period TEDIX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.2% -73.8% -0.3% 57.25%
2017 4.0% -19.8% 49.8% 95.84%
2016 5.9% -73.5% 24.7% 24.61%
2015 -12.0% -27.7% 17.2% 85.66%
2014 -1.3% -40.2% 18.4% 47.36%

Total Return Ranking - Trailing

Period TEDIX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.0% -24.9% 31.8% 67.05%
1 Yr -7.9% -72.1% 14.4% 64.47%
3 Yr 0.0%* -32.4% 25.9% 92.37%
5 Yr -3.6%* -22.9% 16.3% 93.41%
10 Yr 2.0%* -9.7% 15.1% 95.17%

* Annualized


Total Return Ranking - Calendar

Period TEDIX Return Category Return Low Category Return High Rank in Category (%)
2018 -17.2% -73.8% 1.8% 69.30%
2017 4.0% -10.3% 53.2% 97.92%
2016 5.9% -21.0% 26.9% 40.66%
2015 -12.0% -26.7% 18.6% 91.18%
2014 -1.3% -23.9% 18.4% 71.81%

NAV & Total Return History

TEDIX - Holdings

Concentration Analysis

TEDIX Category Low Category High TEDIX % Rank
Net Assets 16.4 B 4.87 M 97.7 B 6.19%
Number of Holdings 118 2 7999 27.39%
Net Assets in Top 10 3.89 B 595 K 17.1 B 8.01%
Weighting of Top 10 23.82% 7.3% 166.4% 65.12%

Top 10 Holdings

  1. The Walt Disney Co 3.11%

  2. Medtronic PLC 2.98%

  3. Novartis AG ADR 2.87%

  4. Royal Dutch Shell PLC Class A 2.43%

  5. GlaxoSmithKline PLC 2.35%

  6. Citizens Financial Group Inc 2.05%

  7. Citigroup Inc 2.04%

  8. Volkswagen AG Participating Preferred 2.02%

  9. NN Group NV 2.01%

  10. Samsung Electronics Co Ltd 1.96%


Asset Allocation

Weighting Return Low Return High TEDIX % Rank
Stocks
92.03% 0.00% 105.85% 87.21%
Cash
4.78% -0.45% 49.39% 25.97%
Bonds
3.18% -17.76% 99.46% 7.49%
Preferred Stocks
0.00% 0.00% 13.11% 50.90%
Other
0.00% -0.11% 25.01% 59.30%
Convertible Bonds
0.00% 0.00% 25.69% 44.83%

Stock Sector Breakdown

Weighting Return Low Return High TEDIX % Rank
Financial Services
26.21% 0.00% 44.34% 4.15%
Healthcare
13.34% 0.00% 26.87% 30.96%
Energy
11.83% 0.00% 52.81% 9.84%
Technology
11.54% 0.00% 73.44% 70.98%
Consumer Cyclical
10.33% 0.00% 57.09% 64.64%
Communication Services
5.23% 0.00% 39.16% 19.04%
Industrials
4.19% 0.00% 80.34% 92.62%
Consumer Defense
4.08% -0.72% 40.44% 76.04%
Basic Materials
2.69% 0.00% 33.77% 61.92%
Utilities
2.52% 0.00% 89.43% 39.25%
Real Estate
0.00% -0.30% 97.30% 80.57%

Stock Geographic Breakdown

Weighting Return Low Return High TEDIX % Rank
US
53.34% 0.00% 96.55% 39.28%
Non US
38.69% 0.00% 99.77% 66.54%

Bond Sector Breakdown

Weighting Return Low Return High TEDIX % Rank
Cash & Equivalents
5.40% -25.30% 49.39% 20.44%
Corporate
2.40% 0.00% 49.56% 7.37%
Government
0.21% -0.03% 99.46% 10.87%
Securitized
0.00% -24.16% 25.77% 37.13%
Municipal
0.00% 0.00% 0.09% 36.74%
Derivative
-0.04% -34.39% 30.41% 97.02%

Bond Geographic Breakdown

Weighting Return Low Return High TEDIX % Rank
US
3.18% -21.64% 99.46% 6.07%
Non US
0.00% 0.00% 62.14% 43.54%

TEDIX - Expenses

Operational Fees

TEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% 0.01% 164.00% 55.30%
Management Fee 0.82% 0.00% 1.50% 67.87%
12b-1 Fee 0.25% 0.00% 1.00% 30.97%
Administrative Fee 0.15% 0.01% 0.47% 77.08%

Sales Fees

TEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 0.08% 5.75% 62.75%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.08% 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.

TEDIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.70% 0.00% 1856.00% 10.10%

TEDIX - Distributions

Dividend Yield Analysis

TEDIX Category Low Category High TEDIX % Rank
Dividend Yield 0.00% 0.00% 0.77% 80.52%

Dividend Distribution Analysis

TEDIX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

TEDIX Category Low Category High TEDIX % Rank
Net Income Ratio 1.57% -1.68% 6.88% 24.55%

Capital Gain Distribution Analysis

TEDIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

TEDIX - Managers

Peter A. Langerman

Manager

Start Date

Tenure

Tenure Rank

Dec 07, 2009

9.48

9.5%

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.


Timothy Rankin

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2010

8.42

8.4%

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

Manager

Start Date

Tenure

Tenure Rank

Jan 01, 2018

1.41

1.4%

Christian Correa, CFA is a portfolio manager and director of research for Franklin Mutual Series. Mr. Correa co-leads Franklin Global Discovery Fund and specializes in global merger arbitrage and event-driven situations. 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.


Tenure Analysis

Category Low

0.04

Category High

36.76

Category Average

6.79

Category Mode

7.04