Franklin Mutual Beacon Fund
Actively managed global stock fund
As of its 2026 Q2 report, Franklin Mutual Beacon Fund held 40 positions with $3.43B in net assets. Its ten largest holdings made up 44.2% of the fund. The TEBIX share class costs 1.01% a year. Over the 12 months to May 2026, TEBIX returned 15.7%, with dividends reinvested. In 2026 Q2 it added 3 new positions and exited 3.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
DBS Group Holdings Ltd. | 5.03% | $172.68M | 3.4M | $50.63 |
4.99% | $171.43M | 523.7K | $327.33 | |
MSFTMicrosoft Corp. | 4.66% | $159.82M | 428.4K | $373.02 |
4.29% | $147.25M | 674.1K | $218.45 | |
4.25% | $145.90M | 1.1M | $132.52 | |
Johnson Controls International plc | 4.24% | $145.67M | 997.0K | $146.11 |
Haleon plc | 4.22% | $144.75M | 31.4M | $4.61 |
4.21% | $144.47M | 147.7K | $978.12 | |
AMZNAmazon.com, Inc. | 4.17% | $143.28M | 601.2K | $238.34 |
4.15% | $142.34M | 599.8K | $237.33 |
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.
All 40 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.03% |
| Cash & short-term | 0.89% |
By sector
- International
- 30.2%
- Financials
- 16.2%
- Health Care
- 11.3%
- Consumer Discretionary
- 8.7%
- 10 other sectors
- 33.7%
- International
- 30.2%
- Financials
- 16.2%
- Health Care
- 11.3%
- Consumer Discretionary
- 8.7%
- Industrials
- 8.4%
- Information Technology
- 7.7%
- Communication Services
- 4.3%
- Consumer Staples
- 4.0%
- Materials
- 3.0%
- Utilities
- 1.9%
- Energy
- 1.9%
- Real Estate
- 1.6%
- Cash
- 0.9%
- Other
- 0.0%
How it has done
TEBIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.58%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.01% | +15.73% | +54.93% | +39.07% | -8.16% | |
| 1.76% | +14.89% | +51.55% | +33.89% | -8.37% | |
| 0.76% | +15.97% | +56.07% | +40.77% | -8.16% | |
| 1.26% | +15.37% | +53.70% | +37.26% | -8.20% | |
| 0.72% | +16.03% | +56.24% | +41.19% | -8.17% |
These classes hold the same portfolio, so the 7.30pp spread over 5 years is the cost difference between them — roughly 1.46pp a year — not a difference in what they own.
Fees & fund details
Franklin Mutual Beacon Fund is an actively managed global equity fund.
- Asset class
- Equity
- Region
- Global
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.72% – 1.76%· TEBIX 1.01%
- Portfolio turnover
- 46.86% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
3 new
3 exited
Understand how this fund fits with the rest.
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