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TEDSX Franklin Mutual Global Discovery C

  • Fund
  • TEDSX
  • Price as of: May 22, 2019
  • $29.29 - $0.08 - 0.27%
  • Category
  • Global Equities

TEDSX - Profile

Vitals

  • YTD Return 11.5%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return -3.1%
  • Net Assets $16.4 B
  • Holdings in Top 10 24.1%

52 WEEK LOW AND HIGH

$29.29
$25.20
$32.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.97%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

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 11.5%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return -3.1%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 0.82%
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 35569766
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Peter A. Langerman

Fund Description

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 (intrinsic value). The equity securities in which the fund invests are primarily common stock. The fund may invest substantially and potentially up to 100% of its assets in foreign securities.

TEDSX - Performance

Return Ranking - Trailing

Period TEDSX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.5% -24.9% 27.3% 62.89%
1 Yr -7.4% -71.8% 9.0% 56.57%
3 Yr 1.3%* -31.6% 24.3% 73.62%
5 Yr -3.1%* -22.2% 14.3% 80.81%
10 Yr 2.2%* -9.8% 14.0% 88.71%

* Annualized


Return Ranking - Calendar

Period TEDSX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.5% -73.8% -0.3% 53.10%
2017 4.0% -19.8% 49.8% 95.72%
2016 5.8% -73.5% 24.7% 25.46%
2015 -12.1% -27.7% 17.2% 86.35%
2014 -1.4% -40.2% 18.4% 48.20%

Total Return Ranking - Trailing

Period TEDSX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.5% -24.9% 27.3% 62.89%
1 Yr -7.4% -71.8% 13.8% 66.75%
3 Yr 1.3%* -31.4% 24.3% 89.76%
5 Yr -3.1%* -22.2% 17.8% 93.51%
10 Yr 2.2%* -9.8% 15.6% 94.93%

* Annualized


Total Return Ranking - Calendar

Period TEDSX Return Category Return Low Category Return High Rank in Category (%)
2018 -16.5% -73.8% 1.8% 66.54%
2017 4.0% -10.3% 53.2% 97.80%
2016 5.8% -21.0% 26.9% 41.73%
2015 -12.1% -26.7% 18.6% 91.86%
2014 -1.4% -23.9% 18.4% 72.44%

NAV & Total Return History

TEDSX - Holdings

Concentration Analysis

TEDSX Category Low Category High TEDSX % Rank
Net Assets 16.4 B 4.87 M 97.7 B 6.56%
Number of Holdings 120 2 8051 27.06%
Net Assets in Top 10 3.87 B 595 K 17.1 B 8.25%
Weighting of Top 10 24.13% 7.1% 166.4% 63.53%

Top 10 Holdings

  1. Novartis AG ADR 3.42%

  2. Medtronic PLC 3.11%

  3. The Walt Disney Co 2.57%

  4. Royal Dutch Shell PLC Class A 2.43%

  5. GlaxoSmithKline PLC 2.42%

  6. Enel SpA 2.20%

  7. Merck & Co Inc 2.04%

  8. Samsung Electronics Co Ltd 1.99%

  9. Kinder Morgan Inc Class P 1.99%

  10. NN Group NV 1.96%


Asset Allocation

Weighting Return Low Return High TEDSX % Rank
Stocks
93.64% 0.00% 105.59% 77.06%
Bonds
3.53% -13.91% 99.46% 7.73%
Cash
2.83% -0.45% 49.39% 40.21%
Preferred Stocks
0.00% 0.00% 9.00% 94.59%
Other
0.00% -1.69% 25.01% 93.69%
Convertible Bonds
0.00% 0.00% 25.21% 93.04%

Stock Sector Breakdown

Weighting Return Low Return High TEDSX % Rank
Financial Services
26.73% 0.00% 41.91% 4.26%
Healthcare
15.03% 0.00% 26.87% 22.48%
Technology
11.77% 0.00% 73.44% 70.16%
Energy
11.50% 0.00% 52.81% 9.43%
Consumer Cyclical
9.36% 0.00% 57.09% 69.77%
Communication Services
5.06% 0.00% 42.19% 19.90%
Consumer Defense
4.54% -0.72% 40.44% 76.49%
Industrials
4.15% 0.00% 80.34% 92.89%
Utilities
2.80% 0.00% 89.43% 36.56%
Basic Materials
2.60% 0.00% 33.77% 63.82%
Real Estate
0.00% -0.30% 97.30% 96.51%

Stock Geographic Breakdown

Weighting Return Low Return High TEDSX % Rank
US
53.48% 0.00% 96.55% 37.76%
Non US
40.16% 0.00% 99.77% 64.82%

Bond Sector Breakdown

Weighting Return Low Return High TEDSX % Rank
Cash & Equivalents
3.30% -25.64% 49.39% 36.39%
Corporate
2.85% 0.00% 51.10% 6.45%
Government
0.25% -0.03% 99.46% 11.10%
Securitized
0.00% -21.39% 25.77% 90.71%
Municipal
0.00% 0.00% 0.08% 90.71%
Derivative
-0.03% -34.69% 28.92% 96.00%

Bond Geographic Breakdown

Weighting Return Low Return High TEDSX % Rank
US
3.53% -17.89% 99.46% 6.31%
Non US
0.00% 0.00% 62.14% 92.91%

TEDSX - Expenses

Operational Fees

TEDSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.97% 0.01% 164.00% 19.07%
Management Fee 0.82% 0.00% 1.50% 68.60%
12b-1 Fee 1.00% 0.00% 1.00% 96.46%
Administrative Fee 0.15% 0.01% 0.47% 86.67%

Sales Fees

TEDSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.08% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 85.82%

Trading Fees

TEDSX 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.

TEDSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.70% 0.00% 1856.00% 11.11%

TEDSX - Distributions

Dividend Yield Analysis

TEDSX Category Low Category High TEDSX % Rank
Dividend Yield 0.00% 0.00% 0.76% 96.14%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

TEDSX Category Low Category High TEDSX % Rank
Net Income Ratio 0.82% -1.68% 6.88% 46.65%

Capital Gain Distribution Analysis

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

TEDSX - Managers

Peter A. Langerman

Manager

Start Date

Tenure

Tenure Rank

Dec 07, 2009

9.4

9.4%

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

8.33

8.3%

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

1.33

1.3%

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

0.0

Category High

36.68

Category Average

6.69

Category Mode

6.95