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Trending ETFs

FRANKLIN MUTUAL QUEST FUND

mutual fund
TEQIX
Payout Change
Pending
Price as of:
$13.96 +0.0 +0.0%
primary theme
N/A
TEQIX (Mutual Fund)

FRANKLIN MUTUAL QUEST FUND

Payout Change
Pending
Price as of:
$13.96 +0.0 +0.0%
primary theme
N/A
TEQIX (Mutual Fund)

FRANKLIN MUTUAL QUEST FUND

Payout Change
Pending
Price as of:
$13.96 +0.0 +0.0%
primary theme
N/A

Name

As of 03/26/2024

Price

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

$13.96

$2.56 B

8.37%

$1.17

1.03%

Vitals

YTD Return

3.9%

1 yr return

16.8%

3 Yr Avg Return

3.5%

5 Yr Avg Return

3.7%

Net Assets

$2.56 B

Holdings in Top 10

24.4%

52 WEEK LOW AND HIGH

$14.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.03%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover 52.07%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

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

$13.96

$2.56 B

8.37%

$1.17

1.03%

TEQIX - Profile

Distributions

  • YTD Total Return 3.9%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.98%
DIVIDENDS
  • Dividend Yield 8.4%
  • Dividend Distribution Frequency SemiAnnual

Fund Details

  • Legal Name
    FRANKLIN MUTUAL QUEST FUND
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Dec 11, 1996
  • Shares Outstanding
    49519336
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Keith Luh

Fund Description

Under normal market conditions, the Fund invests substantially to 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 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. 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 may, at times, maintain a large position in cash and cash equivalents (including money market funds).

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.

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TEQIX - Performance

Return Ranking - Trailing

Period TEQIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -23.7% 16.4% 13.95%
1 Yr 16.8% -8.9% 48.3% 20.60%
3 Yr 3.5%* -2.2% 16.4% 87.75%
5 Yr 3.7%* -0.7% 13.4% 90.19%
10 Yr 3.5%* 0.9% 11.8% 41.23%

* Annualized

Return Ranking - Calendar

Period TEQIX Return Category Return Low Category Return High Rank in Category (%)
2023 5.5% -40.8% 20.6% 28.60%
2022 -10.4% -21.0% 24.5% 91.34%
2021 8.6% -24.2% 27.8% 81.78%
2020 -5.4% -23.1% 11.7% 94.03%
2019 8.5% -100.0% 20.6% 96.46%

Total Return Ranking - Trailing

Period TEQIX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.9% -23.7% 16.4% 13.95%
1 Yr 16.8% -12.8% 48.3% 44.49%
3 Yr 3.5%* -3.4% 16.4% 93.23%
5 Yr 3.7%* -1.1% 13.4% 93.14%
10 Yr 3.5%* 0.9% 11.8% 57.73%

* Annualized

Total Return Ranking - Calendar

Period TEQIX Return Category Return Low Category Return High Rank in Category (%)
2023 10.3% -40.8% 20.6% 28.60%
2022 -7.2% -21.0% 24.5% 91.12%
2021 11.3% -24.2% 27.8% 84.35%
2020 -2.1% -23.1% 11.7% 96.53%
2019 12.1% -2.9% 23.1% 96.73%

NAV & Total Return History


TEQIX - Holdings

Concentration Analysis

TEQIX Category Low Category High TEQIX % Rank
Net Assets 2.56 B 1.12 M 110 B 19.22%
Number of Holdings 141 2 10961 65.14%
Net Assets in Top 10 654 M -31.7 M 22 B 22.96%
Weighting of Top 10 24.44% 10.8% 100.0% 60.53%

Top 10 Holdings

  1. Federal Home Loan Banks 4.30%
  2. Sorenson Holdings LLC, Term Loan B 3.48%
  3. British American Tobacco plc 2.42%
  4. Elevance Health, Inc. 2.34%
  5. CVS Health Corp. 2.29%
  6. Reckitt Benckiser Group plc 2.03%
  7. Global Payments, Inc. 1.96%
  8. Wells Fargo Co. 1.95%
  9. PNC Financial Services Group, Inc. (The) 1.84%
  10. Walt Disney Co. (The) 1.84%

Asset Allocation

Weighting Return Low Return High TEQIX % Rank
Stocks
77.14% -45.72% 98.42% 23.80%
Bonds
17.51% -39.76% 93.84% 77.24%
Cash
5.58% -97.12% 185.58% 35.70%
Convertible Bonds
0.75% 0.00% 25.49% 26.93%
Preferred Stocks
0.00% -0.03% 14.00% 36.33%
Other
-0.26% -1.25% 197.12% 19.42%

Stock Sector Breakdown

Weighting Return Low Return High TEQIX % Rank
Financial Services
30.48% 0.00% 30.34% 1.49%
Communication Services
15.34% 0.00% 28.59% 3.82%
Healthcare
14.94% 0.00% 30.30% 4.46%
Technology
11.40% 0.00% 39.48% 74.31%
Consumer Defense
10.14% 0.00% 31.85% 13.16%
Consumer Cyclical
5.33% 0.00% 20.84% 73.46%
Industrials
5.09% 0.09% 32.39% 91.72%
Energy
3.13% 0.00% 38.61% 71.34%
Basic Materials
2.67% 0.00% 60.23% 91.30%
Real Estate
1.48% 0.00% 90.14% 86.20%
Utilities
0.00% 0.00% 40.29% 92.36%

Stock Geographic Breakdown

Weighting Return Low Return High TEQIX % Rank
US
51.24% -4.82% 95.75% 37.79%
Non US
25.90% -46.69% 57.06% 18.37%

Bond Sector Breakdown

Weighting Return Low Return High TEQIX % Rank
Corporate
70.59% 0.00% 99.90% 13.99%
Cash & Equivalents
4.67% 0.10% 100.00% 25.26%
Securitized
0.30% 0.00% 83.28% 69.52%
Municipal
0.00% 0.00% 31.28% 49.90%
Government
0.00% 0.00% 98.64% 92.07%
Derivative
-0.26% 0.00% 41.88% 61.17%

Bond Geographic Breakdown

Weighting Return Low Return High TEQIX % Rank
US
17.51% -177.12% 87.76% 55.53%
Non US
0.00% -39.00% 137.36% 88.52%

TEQIX - Expenses

Operational Fees

TEQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.16% 2.71% 52.61%
Management Fee 0.68% 0.00% 1.70% 48.39%
12b-1 Fee 0.25% 0.00% 1.00% 24.30%
Administrative Fee N/A 0.01% 0.70% 80.82%

Sales Fees

TEQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 0.00% 5.75% 40.23%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

TEQIX 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.

TEQIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 52.07% 0.00% 441.00% 40.91%

TEQIX - Distributions

Dividend Yield Analysis

TEQIX Category Low Category High TEQIX % Rank
Dividend Yield 8.37% 0.00% 10.92% 44.70%

Dividend Distribution Analysis

TEQIX Category Low Category High Category Mod
Dividend Distribution Frequency SemiAnnual Annually Monthly Monthly

Net Income Ratio Analysis

TEQIX Category Low Category High TEQIX % Rank
Net Income Ratio 2.98% -5.20% 6.33% 14.81%

Capital Gain Distribution Analysis

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

Distributions History

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TEQIX - Fund Manager Analysis

Managers

Keith Luh


Start Date

Tenure

Tenure Rank

Dec 31, 2010

11.42

11.4%

KEITH LUH, CFA, has been a portfolio manager for Franklin Mutual since 2009. He has been an analyst for Franklin Mutual since 2005, when he joined Franklin Templeton Investments. Previously, he worked in the investment banking group at Volpe Brown Whelan and Co., LLC and the derivative products trading group at BNP.

Andrew Dinnhaupt


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Mr. Dinnhaupt has been a portfolio manager for Franklin Mutual since January 2014 and assumed the duties of co-lead portfolio manager in December 2014. He joined Franklin Templeton Investments in 2011. Prior to joining Franklin Templeton Investments, he was a portfolio manager and senior analyst covering the global financial services sector for RBC Capital Markets. Previously, Dinnhaupt is a vice president and co-portfolio manager at Mitchell Hutchins Asset Management. He joined the firm in 1996 as an equity analyst. Previously, he worked at Summit Bank as a research analyst for the financial services, transportation and aerospace industries. Dinnhaupt earned his Chartered Financial Analyst designation in 1998.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 30.27 6.52 9.25