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FRANKLIN MUTUAL GLOBAL DISCOVERY FUND
mutual fund
TEDRX
Payout Change
Pending
Price as of:
$30.4
-0.34
-1.11%
primary theme
N/A
share class
TEDRX (Mutual Fund)
FRANKLIN MUTUAL GLOBAL DISCOVERY FUND
Payout Change
Pending
Price as of:
$30.4
-0.34
-1.11%
primary theme
N/A
share class
TEDRX (Mutual Fund)
FRANKLIN MUTUAL GLOBAL DISCOVERY FUND
Payout Change
Pending
Price as of:
$30.4
-0.34
-1.11%
primary theme
N/A
share class
Name
As of 06/05/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.5%
1 yr return
10.7%
3 Yr Avg Return
12.8%
5 Yr Avg Return
8.1%
Net Assets
$9.16 B
Holdings in Top 10
23.7%
52 WEEK LOW AND HIGH
$30.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 40.67%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/05/2026Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
TEDRX - Profile
Distributions
- YTD Total Return 0.5%
- 3 Yr Annualized Total Return 12.8%
- 5 Yr Annualized Total Return 8.1%
- Capital Gain Distribution Frequency None
- Net Income Ratio 0.79%
- Dividend Yield 3.1%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameFRANKLIN MUTUAL GLOBAL DISCOVERY FUND
-
Fund Family NameFranklin Templeton Group of Funds
-
Inception DateMar 28, 2002
-
Shares Outstanding4161324
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTimothy Rankin
Fund Description
p style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;"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 to predominantly 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. /pp style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;"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 large- and mid-cap companies, with the /pp style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;"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. /pp style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;"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. /pp style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;"The Fund may, from time to time, attempt 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./pp style="font-size:13.0pt; font-family:Arial; text-align:left; color:#004C97; font-weight:normal; text-decoration:none;"Portfolio Selection/pp style="font-size:9.0pt; font-family:Arial; text-align:left; font-weight:normal; text-decoration:none;"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./p
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TEDRX - Performance
Return Ranking - Trailing
| Period | TEDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.5% | -35.6% | 29.2% | 6.94% |
| 1 Yr | 10.7% | 17.3% | 252.4% | 67.95% |
| 3 Yr | 12.8%* | -3.5% | 34.6% | 89.90% |
| 5 Yr | 8.1%* | 0.1% | 32.7% | 90.87% |
| 10 Yr | 8.2%* | -6.9% | 18.3% | 85.90% |
* Annualized
Return Ranking - Calendar
| Period | TEDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 11.1% | -24.3% | 957.1% | 96.93% |
| 2024 | -6.5% | -38.3% | 47.1% | 76.23% |
| 2023 | 12.0% | -54.2% | 0.6% | 69.99% |
| 2022 | -14.4% | -76.0% | 54.1% | 96.78% |
| 2021 | 9.5% | -26.1% | 47.8% | 18.34% |
Total Return Ranking - Trailing
| Period | TEDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.5% | -35.6% | 29.2% | 7.05% |
| 1 Yr | 10.7% | 11.4% | 252.4% | 63.41% |
| 3 Yr | 12.8%* | -3.5% | 34.6% | 88.20% |
| 5 Yr | 8.1%* | 0.1% | 32.7% | 89.53% |
| 10 Yr | 8.2%* | -6.9% | 18.3% | 84.23% |
* Annualized
Total Return Ranking - Calendar
| Period | TEDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 23.1% | -24.3% | 957.1% | 96.93% |
| 2024 | 4.3% | -33.1% | 47.1% | 76.49% |
| 2023 | 20.0% | -44.4% | 1.8% | 79.27% |
| 2022 | -5.3% | -6.5% | 54.1% | 98.98% |
| 2021 | 19.1% | -14.4% | 47.8% | 34.45% |
NAV & Total Return History
TEDRX - Holdings
Concentration Analysis
| TEDRX | Category Low | Category High | TEDRX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.16 B | 199 K | 133 B | 8.44% |
| Number of Holdings | 84 | 1 | 9075 | 39.98% |
| Net Assets in Top 10 | 2.13 B | -18 M | 37.6 B | 12.22% |
| Weighting of Top 10 | 23.69% | 9.1% | 100.0% | 68.88% |
Top 10 Holdings
- Alphabet, Inc., Class A 2.63%
- EOG Resources, Inc. 2.51%
- Merck Co., Inc. 2.49%
- BNP Paribas SA 2.45%
- BP plc 2.42%
- Deutsche Telekom AG 2.37%
- Roche Holding AG 2.28%
- BASF SE 2.22%
- British American Tobacco plc 2.17%
- Shell plc 2.14%
Asset Allocation
| Weighting | Return Low | Return High | TEDRX % Rank | |
|---|---|---|---|---|
| Stocks | 97.22% | 61.84% | 125.47% | 97.91% |
| Bonds | 1.73% | -1.50% | 161.67% | 1.10% |
| Cash | 1.11% | -174.70% | 23.12% | 7.82% |
| Convertible Bonds | 0.16% | 0.00% | 4.46% | 98.46% |
| Other | 0.00% | -13.98% | 19.14% | 97.91% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 98.13% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | TEDRX % Rank | |
|---|---|---|---|---|
| Financial Services | 20.38% | 0.00% | 38.42% | 4.74% |
| Healthcare | 17.17% | 0.00% | 35.42% | 17.07% |
| Industrials | 13.84% | 0.00% | 44.06% | 86.23% |
| Technology | 11.05% | 0.00% | 49.87% | 78.63% |
| Consumer Defense | 9.00% | 0.00% | 73.28% | 52.31% |
| Communication Services | 8.13% | 0.00% | 57.66% | 69.60% |
| Consumer Cyclical | 7.64% | 0.00% | 40.94% | 83.59% |
| Energy | 6.40% | 0.00% | 21.15% | 1.21% |
| Basic Materials | 4.65% | 0.00% | 38.60% | 34.91% |
| Utilities | 1.74% | 0.00% | 29.12% | 99.89% |
| Real Estate | 0.00% | 0.00% | 39.48% | 100.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | TEDRX % Rank | |
|---|---|---|---|---|
| US | 49.37% | 0.13% | 103.82% | 72.25% |
| Non US | 47.85% | 0.58% | 99.46% | 65.20% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | TEDRX % Rank | |
|---|---|---|---|---|
| Corporate | 25.19% | 0.00% | 99.70% | 4.25% |
| Cash & Equivalents | 1.11% | 0.00% | 100.00% | 92.17% |
| Derivative | 0.00% | 0.00% | 100.00% | 99.78% |
| Securitized | 0.00% | 0.00% | 24.65% | 98.10% |
| Municipal | 0.00% | 0.00% | 0.70% | 98.10% |
| Government | 0.00% | 0.00% | 100.00% | 2.35% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | TEDRX % Rank | |
|---|---|---|---|---|
| US | 1.73% | -0.01% | 130.80% | 1.21% |
| Non US | 0.00% | -11.21% | 30.87% | 98.24% |
TEDRX - Expenses
Operational Fees
| TEDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.45% | 0.01% | 44.27% | 31.93% |
| Management Fee | 0.84% | 0.00% | 1.82% | 80.85% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 71.18% |
| Administrative Fee | N/A | 0.01% | 0.76% | 76.11% |
Sales Fees
| TEDRX 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
| TEDRX 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.
| TEDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 40.67% | 0.00% | 395.00% | 14.45% |
TEDRX - Distributions
Dividend Yield Analysis
| TEDRX | Category Low | Category High | TEDRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.09% | 0.00% | 3.26% | 98.36% |
Dividend Distribution Analysis
| TEDRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Annually | Annually |
Net Income Ratio Analysis
| TEDRX | Category Low | Category High | TEDRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.79% | -4.27% | 12.65% | 3.52% |
Capital Gain Distribution Analysis
| TEDRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | None | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 22, 2025 | $0.469 | OrdinaryDividend |
| Dec 22, 2025 | $0.135 | CapitalGainShortTerm |
| Dec 22, 2025 | $1.988 | CapitalGainLongTerm |
| Oct 01, 2025 | $0.073 | CapitalGainShortTerm |
| Oct 01, 2025 | $0.568 | CapitalGainLongTerm |
| Dec 20, 2024 | $0.466 | OrdinaryDividend |
| Dec 20, 2024 | $0.423 | CapitalGainShortTerm |
| Dec 20, 2024 | $1.969 | CapitalGainLongTerm |
| Dec 20, 2024 | $2.858 | OrdinaryDividend |
| Oct 01, 2024 | $0.284 | OrdinaryDividend |
| Oct 01, 2024 | $0.037 | OrdinaryDividend |
| Oct 01, 2024 | $0.008 | CapitalGainShortTerm |
| Oct 01, 2024 | $0.238 | CapitalGainLongTerm |
| Dec 20, 2023 | $0.343 | OrdinaryDividend |
| Dec 20, 2023 | $0.702 | CapitalGainShortTerm |
| Dec 20, 2023 | $0.929 | CapitalGainLongTerm |
| Oct 02, 2023 | $0.051 | CapitalGainLongTerm |
| Dec 20, 2022 | $0.424 | OrdinaryDividend |
| Dec 15, 2022 | $1.300 | CapitalGainLongTerm |
| Oct 03, 2022 | $0.932 | CapitalGainLongTerm |
| Dec 17, 2021 | $2.304 | OrdinaryDividend |
| Oct 01, 2021 | $0.265 | OrdinaryDividend |
| Dec 18, 2020 | $0.665 | OrdinaryDividend |
| Oct 02, 2020 | $0.203 | OrdinaryDividend |
| Dec 20, 2019 | $0.514 | OrdinaryDividend |
| Dec 20, 2019 | $0.108 | CapitalGainShortTerm |
| Dec 20, 2019 | $0.768 | CapitalGainLongTerm |
| Oct 04, 2019 | $0.014 | OrdinaryDividend |
| Oct 04, 2019 | $0.675 | CapitalGainLongTerm |
| Dec 21, 2018 | $0.437 | OrdinaryDividend |
| Dec 21, 2018 | $0.306 | CapitalGainShortTerm |
| Dec 21, 2018 | $1.065 | CapitalGainLongTerm |
| Dec 22, 2017 | $0.598 | OrdinaryDividend |
| Dec 22, 2017 | $0.473 | CapitalGainLongTerm |
| Sep 01, 2017 | $0.031 | OrdinaryDividend |
| Sep 01, 2017 | $0.096 | CapitalGainShortTerm |
| Sep 01, 2017 | $0.394 | CapitalGainLongTerm |
| Dec 22, 2016 | $0.522 | OrdinaryDividend |
| Dec 22, 2016 | $0.040 | CapitalGainShortTerm |
| Dec 22, 2016 | $0.774 | CapitalGainLongTerm |
| Sep 02, 2016 | $0.011 | OrdinaryDividend |
| Sep 02, 2016 | $0.043 | CapitalGainShortTerm |
| Sep 02, 2016 | $0.429 | CapitalGainLongTerm |
| Dec 18, 2015 | $0.351 | OrdinaryDividend |
| Dec 18, 2015 | $0.268 | CapitalGainShortTerm |
| Dec 18, 2015 | $1.612 | CapitalGainLongTerm |
| Sep 04, 2015 | $0.036 | OrdinaryDividend |
| Sep 04, 2015 | $0.364 | CapitalGainLongTerm |
| Dec 19, 2014 | $0.616 | OrdinaryDividend |
| Dec 19, 2014 | $1.212 | CapitalGainLongTerm |
| Sep 05, 2014 | $0.032 | OrdinaryDividend |
| Sep 05, 2014 | $0.166 | CapitalGainLongTerm |
| Dec 20, 2013 | $0.380 | OrdinaryDividend |
| Dec 20, 2013 | $0.191 | CapitalGainShortTerm |
| Dec 20, 2013 | $1.306 | CapitalGainLongTerm |
| Sep 06, 2013 | $0.032 | OrdinaryDividend |
| Sep 06, 2013 | $0.015 | CapitalGainShortTerm |
| Sep 06, 2013 | $0.129 | CapitalGainLongTerm |
| Dec 20, 2012 | $0.423 | OrdinaryDividend |
| Dec 20, 2012 | $0.212 | CapitalGainShortTerm |
| Dec 20, 2012 | $1.348 | CapitalGainLongTerm |
| Sep 07, 2012 | $0.046 | CapitalGainShortTerm |
| Sep 07, 2012 | $0.412 | CapitalGainLongTerm |
| Dec 16, 2011 | $0.410 | OrdinaryDividend |
| Sep 02, 2011 | $0.003 | OrdinaryDividend |
| Sep 02, 2011 | $0.166 | CapitalGainShortTerm |
| Sep 02, 2011 | $0.503 | CapitalGainLongTerm |
| Dec 17, 2010 | $0.431 | OrdinaryDividend |
| Sep 03, 2010 | $0.007 | OrdinaryDividend |
| Dec 18, 2009 | $0.192 | OrdinaryDividend |
| Sep 04, 2009 | $0.008 | CapitalGainShortTerm |
| Dec 19, 2008 | $0.276 | OrdinaryDividend |
| Dec 19, 2008 | $0.726 | CapitalGainShortTerm |
| Sep 05, 2008 | $0.031 | OrdinaryDividend |
| Sep 05, 2008 | $0.045 | CapitalGainShortTerm |
| Sep 05, 2008 | $0.095 | CapitalGainLongTerm |
| Dec 21, 2007 | $0.575 | OrdinaryDividend |
| Dec 21, 2007 | $0.691 | CapitalGainLongTerm |
| Jun 15, 2007 | $0.021 | OrdinaryDividend |
| Jun 15, 2007 | $0.015 | CapitalGainLongTerm |
| Dec 22, 2006 | $0.396 | OrdinaryDividend |
| Dec 22, 2006 | $0.006 | CapitalGainShortTerm |
| Dec 22, 2006 | $0.831 | CapitalGainLongTerm |
| Jun 16, 2006 | $0.114 | OrdinaryDividend |
| Jun 16, 2006 | $0.086 | CapitalGainShortTerm |
| Jun 16, 2006 | $0.303 | CapitalGainLongTerm |
| Jun 17, 2005 | $0.171 | OrdinaryDividend |
| Dec 23, 2004 | $0.010 | ExtraDividend |
| Dec 17, 2004 | $0.328 | OrdinaryDividend |
| Jun 18, 2004 | $0.117 | OrdinaryDividend |
| Dec 19, 2003 | $0.261 | OrdinaryDividend |
| Jun 13, 2003 | $0.107 | OrdinaryDividend |
| Dec 20, 2002 | $0.246 | OrdinaryDividend |
| Jun 14, 2002 | $0.045 | OrdinaryDividend |
| Jun 14, 2002 | $0.079 | CapitalGainShortTerm |
TEDRX - 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 |
