An investment team shakeup coupled with an altered risk profile reaffirms Franklin Mutual Shares’ Morningstar Analyst Rating of Neutral across its share classes.
Franklin Mutual Shares A TESIX
NAV / 1-Day Return
28.24
/
2.24
%
Total Assets
8.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.030%
Expense Ratio
1.050%
Fee Level
Average
Longest Manager Tenure
20.34
years
Category
Allocation--85%+ Equity
Investment Style
Large ValueCredit Quality / Interest Rate Sensitivity
—Status
Open
TTM Yield
3.22%
Turnover
21%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will TESIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable TESIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the TESIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of TESIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Personnel turnover and weak execution dent this fund’s appeal.
