Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
10.2%
1 yr return
20.4%
3 Yr Avg Return
3.9%
5 Yr Avg Return
7.4%
Net Assets
$3.22 B
Holdings in Top 10
36.3%
Expense Ratio 0.73%
Front Load N/A
Deferred Load N/A
Turnover 40.89%
Redemption Fee N/A
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 11/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal market conditions, the Fund invests primarily to predominantly 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 primarily to 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.
The Fund may invest substantially and potentially up to 100% of its assets in foreign securities and participations in foreign government debt. 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.
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.
Period | FMBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.2% | -35.6% | 29.2% | 8.84% |
1 Yr | 20.4% | 17.3% | 252.4% | 52.39% |
3 Yr | 3.9%* | -3.5% | 34.6% | 64.36% |
5 Yr | 7.4%* | 0.1% | 32.7% | 66.71% |
10 Yr | 7.3%* | -6.9% | 18.3% | 48.42% |
* Annualized
Period | FMBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 8.4% | -24.3% | 957.1% | 83.10% |
2022 | -20.0% | -38.3% | 47.1% | 62.33% |
2021 | 9.0% | -54.2% | 0.6% | 69.45% |
2020 | 0.4% | -76.0% | 54.1% | 92.97% |
2019 | 19.3% | -26.1% | 47.8% | 10.21% |
Period | FMBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 10.2% | -35.6% | 29.2% | 8.95% |
1 Yr | 20.4% | 11.4% | 252.4% | 48.18% |
3 Yr | 3.9%* | -3.5% | 34.6% | 62.17% |
5 Yr | 7.4%* | 0.1% | 32.7% | 64.70% |
10 Yr | 7.3%* | -6.9% | 18.3% | 47.87% |
* Annualized
Period | FMBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.5% | -24.3% | 957.1% | 83.10% |
2022 | -11.7% | -33.1% | 47.1% | 62.71% |
2021 | 16.8% | -44.4% | 1.8% | 78.87% |
2020 | 4.1% | -6.5% | 54.1% | 89.90% |
2019 | 25.1% | -14.4% | 47.8% | 1.28% |
FMBRX | Category Low | Category High | FMBRX % Rank | |
---|---|---|---|---|
Net Assets | 3.22 B | 199 K | 133 B | 14.14% |
Number of Holdings | 36 | 1 | 9075 | 57.60% |
Net Assets in Top 10 | 1.14 B | -18 M | 37.6 B | 14.54% |
Weighting of Top 10 | 36.35% | 9.1% | 100.0% | 27.12% |
Weighting | Return Low | Return High | FMBRX % Rank | |
---|---|---|---|---|
Stocks | 98.58% | 61.84% | 125.47% | 96.37% |
Cash | 1.42% | -174.70% | 23.12% | 6.72% |
Preferred Stocks | 0.00% | -0.01% | 5.28% | 34.47% |
Other | 0.00% | -13.98% | 19.14% | 42.84% |
Convertible Bonds | 0.00% | 0.00% | 4.46% | 26.54% |
Bonds | 0.00% | -1.50% | 161.67% | 1.21% |
Weighting | Return Low | Return High | FMBRX % Rank | |
---|---|---|---|---|
Healthcare | 26.03% | 0.00% | 35.42% | 1.98% |
Financial Services | 14.38% | 0.00% | 38.42% | 53.52% |
Communication Services | 13.31% | 0.00% | 57.66% | 22.25% |
Technology | 11.93% | 0.00% | 49.87% | 27.42% |
Consumer Defense | 9.60% | 0.00% | 73.28% | 59.03% |
Consumer Cyclical | 8.91% | 0.00% | 40.94% | 53.96% |
Industrials | 7.71% | 0.00% | 44.06% | 97.80% |
Energy | 3.26% | 0.00% | 21.15% | 74.34% |
Real Estate | 2.55% | 0.00% | 39.48% | 17.84% |
Basic Materials | 2.31% | 0.00% | 38.60% | 62.00% |
Utilities | 0.00% | 0.00% | 29.12% | 77.64% |
Weighting | Return Low | Return High | FMBRX % Rank | |
---|---|---|---|---|
US | 56.73% | 0.13% | 103.82% | 64.10% |
Non US | 41.85% | 0.58% | 99.46% | 67.07% |
FMBRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.73% | 0.01% | 44.27% | 80.96% |
Management Fee | 0.67% | 0.00% | 1.82% | 42.78% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.76% | 73.68% |
FMBRX 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 |
FMBRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
FMBRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 40.89% | 0.00% | 395.00% | 54.36% |
FMBRX | Category Low | Category High | FMBRX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.08% | 0.00% | 3.26% | 24.73% |
FMBRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annually | Annually | Annually |
FMBRX | Category Low | Category High | FMBRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.39% | -4.27% | 12.65% | 1.70% |
FMBRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | None | Annually | Semi-Annually | Annually |
Date | Amount | Type |
---|---|---|
Oct 01, 2024 | $0.007 | OrdinaryDividend |
Dec 20, 2023 | $0.315 | OrdinaryDividend |
Dec 20, 2023 | $0.515 | CapitalGainLongTerm |
Oct 02, 2023 | $0.015 | OrdinaryDividend |
Oct 02, 2023 | $0.137 | CapitalGainLongTerm |
Dec 20, 2022 | $0.223 | OrdinaryDividend |
Dec 15, 2022 | $0.785 | CapitalGainLongTerm |
Oct 03, 2022 | $0.407 | OrdinaryDividend |
Dec 17, 2021 | $1.127 | OrdinaryDividend |
Oct 01, 2021 | $0.112 | OrdinaryDividend |
Dec 18, 2020 | $0.451 | OrdinaryDividend |
Oct 02, 2020 | $0.113 | OrdinaryDividend |
Dec 20, 2019 | $0.334 | OrdinaryDividend |
Dec 20, 2019 | $0.007 | CapitalGainShortTerm |
Dec 20, 2019 | $0.017 | CapitalGainLongTerm |
Oct 04, 2019 | $0.038 | OrdinaryDividend |
Oct 04, 2019 | $0.104 | CapitalGainShortTerm |
Oct 04, 2019 | $0.265 | CapitalGainLongTerm |
Dec 21, 2018 | $0.306 | OrdinaryDividend |
Dec 21, 2018 | $1.058 | CapitalGainLongTerm |
Dec 22, 2017 | $0.301 | OrdinaryDividend |
Dec 22, 2017 | $0.010 | CapitalGainShortTerm |
Dec 22, 2017 | $0.347 | CapitalGainLongTerm |
Sep 01, 2017 | $0.020 | OrdinaryDividend |
Sep 01, 2017 | $0.036 | CapitalGainShortTerm |
Sep 01, 2017 | $0.176 | CapitalGainLongTerm |
Dec 22, 2016 | $0.384 | OrdinaryDividend |
Dec 22, 2016 | $0.190 | CapitalGainShortTerm |
Dec 22, 2016 | $0.577 | CapitalGainLongTerm |
Sep 02, 2016 | $0.167 | CapitalGainLongTerm |
Dec 18, 2015 | $0.324 | OrdinaryDividend |
Dec 18, 2015 | $0.896 | CapitalGainLongTerm |
Sep 04, 2015 | $0.058 | OrdinaryDividend |
Sep 04, 2015 | $0.319 | CapitalGainLongTerm |
Dec 19, 2014 | $0.535 | OrdinaryDividend |
Dec 19, 2014 | $0.792 | CapitalGainLongTerm |
Sep 05, 2014 | $0.170 | OrdinaryDividend |
Dec 20, 2013 | $0.201 | OrdinaryDividend |
Sep 06, 2013 | $0.139 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Jan 01, 2007
15.42
15.4%
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.
Start Date
Tenure
Tenure Rank
May 31, 2009
13.01
13.0%
Mandana Hormozi, MBA is a research analyst and portfolio manager for Franklin Mutual Series. She co-leads Franklin Mutual European Fund. Her global research responsibilities include media and telecommunications. Prior to joining Franklin Mutual Series in 2003, she worked in the equity research department at Lazard Freres. Previously, she was an economic research analyst at Mitsubishi Bank. Ms. Hormozi earned a B.A. from Columbia Univ. and an M.B.A. from Columbia Business School.
Start Date
Tenure
Tenure Rank
Jan 02, 2014
8.41
8.4%
Mr. Gupta joined Franklin Templeton Investments in 2010. Mr. Gupta has been a portfolio manager since 2014 and co-lead portfolio manager since 2018. He joined Franklin Templeton Investments in 2010. Prior to joining Franklin Templeton Investments, he was a senior equity analyst and director at Evergreen Investments.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.01 | 35.82 | 6.24 | 1.25 |
Dividend Investing Ideas Center
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