Franklin Mutual Beacon Fund
Franklin Mutual Series Funds · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Franklin Mutual Beacon Fund is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
Capital appreciation, which may occasionally be short term. The secondary goal is income.
The fund employs fundamental value analysis to select undervalued U.S. and foreign equity securities across market capitalizations, focusing on cash flow potential, earnings multiples, and book value; it may also invest in merger arbitrage and distressed debt, and can hedge currency and market risks using derivatives. The fund may invest up to 100% in foreign securities and up to 25% in emerging markets. Because security selection depends on the investment manager's analysis of fundamental value with no preset criteria, performance will diverge from any benchmark.
| Share class | Expense ratio |
|---|---|
| TEBIX | 1.01% |
| TEMEX | 1.76% |
| BEGRX | 0.76% |
| C000082421 | 1.26% |
| FMBRX | 0.72% |
Portfolio turnover 46.86% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.03% |
| Cash & short-term | 0.89% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| International | 30.2% |
| Financials | 16.2% |
| Health Care | 11.3% |
| Consumer Discretionary | 8.7% |
| 10 smaller | 33.7% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +23.35% | +48.65% | +45.10% | 12.78% | -8.16% | |
| +22.44% | +45.32% | +39.67% | 12.85% | -8.37% | |
| +23.63% | +49.82% | +46.94% | 12.84% | -8.16% | |
| +22.97% | +47.47% | +43.23% | 12.82% | -8.20% | |
| +23.70% | +49.99% | +47.30% | 12.85% | -8.17% |
These classes hold the same portfolio, so the 7.64pp spread over 5 years is the cost difference between them — roughly 1.53pp a year — not a difference in what they own.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | DBS Group Holdings Ltd. | 5.03% | $50.63 | $172.68M | 3.4M |
| JPM | JPMorgan Chase & Co.JPM | 4.99% | $327.33 | $171.43M | 523.7K |
| MSFT | Microsoft Corp.MSFT | 4.66% | $373.02 | $159.82M | 428.4K |
| PGR | Progressive Corp. (The)PGR | 4.29% | $218.45 | $147.25M | 674.1K |
| HIG | Hartford Insurance Group, Inc. (The)HIG | 4.25% | $132.52 | $145.90M | 1.1M |
| — | Johnson Controls International plc | 4.24% | $146.11 | $145.67M | 997.0K |
| — | Haleon plc | 4.22% | $4.61 | $144.75M | 31.4M |
| PH | Parker-Hannifin Corp.PH | 4.21% | $978.12 | $144.47M | 147.7K |
| AMZN | Amazon.com, Inc.AMZN | 4.17% | $238.34 | $143.28M | 601.2K |
| FERG | Ferguson Enterprises, Inc.FERG | 4.15% | $237.33 | $142.34M | 599.8K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 44.21% of net assets, top 25 86.07%, across 40 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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