Franklin Mutual Global Discovery Fund
Actively managed global stock fund
As of its 2026 Q2 report, Franklin Mutual Global Discovery Fund held 70 positions with $9.02B in net assets. Its ten largest holdings made up 23.5% of the fund. The TEDIX share class costs 1.2% a year. Over the 12 months to May 2026, TEDIX returned 14.0%, with dividends reinvested. In 2026 Q2 it added 5 new positions and exited 5.
Capital appreciation.
The fund employs fundamental value analysis to select undervalued equity securities trading below their assessed intrinsic value, examining cash flow potential, earnings multiples, book value, and ESG considerations where applicable. The portfolio is weighted toward large- and mid-cap U.S. and foreign companies, with at least 30% in foreign securities and up to 25% in emerging markets, and may also include merger arbitrage and distressed debt. Because security selection depends on the investment manager's individual analysis of fundamental value with no preset screening criteria, portfolio composition will diverge from any benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
MSFTMicrosoft Corp. | 2.97% | $267.82M | 718.0K | $373.02 |
2.65% | $238.61M | 1.9M | $128.50 | |
BNP Paribas SA | 2.64% | $237.91M | 2.0M | $116.79 |
Roche Holding AG | 2.34% | $210.77M | 512.7K | $411.09 |
2.24% | $202.29M | 1.6M | $129.73 | |
British American Tobacco plc | 2.20% | $198.37M | 3.2M | $61.88 |
2.20% | $197.99M | 3.5M | $56.98 | |
2.10% | $189.62M | 826.0K | $229.57 | |
AerCap Holdings NV | 2.09% | $188.75M | 1.3M | $145.78 |
Airbus SE | 2.09% | $188.82M | 848.6K | $222.49 |
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 70 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 | 96.78% |
| Loans | 1.34% |
| Cash & short-term | 1.24% |
| Bonds | 0.45% |
| Derivatives | 0.03% |
Derivatives are shown at market value, not notional exposure.
By sector
- International
- 51.7%
- Financials
- 12.0%
- Health Care
- 8.4%
- Communication Services
- 6.2%
- 7 other sectors
- 21.7%
- International
- 51.7%
- Financials
- 12.0%
- Health Care
- 8.4%
- Communication Services
- 6.2%
- Information Technology
- 5.4%
- Materials
- 5.0%
- Energy
- 3.7%
- Industrials
- 3.1%
- Other
- 1.8%
- Consumer Staples
- 1.5%
- Cash
- 1.2%
How it has done
TEDIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.00%. 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 |
|---|---|---|---|---|---|
| 1.20% | +14.00% | +51.05% | +52.93% | -8.00% | |
| 1.95% | +13.16% | +47.67% | +47.27% | -8.06% | |
| 0.95% | +14.29% | +52.24% | +54.86% | -7.97% | |
| 1.45% | +13.75% | +49.97% | +51.07% | -8.03% | |
| 0.89% | +14.34% | +52.52% | +55.45% | -7.98% |
These classes hold the same portfolio, so the 8.17pp spread over 5 years is the cost difference between them — roughly 1.63pp a year — not a difference in what they own.
Fees & fund details
Franklin Mutual Global Discovery 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
- 0.89% – 1.95%· TEDIX 1.20%
- Portfolio turnover
- 42.28% 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.
5 new
5 exited
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Floating rate | 74.9% |
| Fixed rate | 25.1% |
Share of the fund's debt value in each maturity band, shortest first.
| 1-3y | 24.3% |
| 3-5y | 13.2% |
| 5-10y | 62.5% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Understand how this fund fits with the rest.
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