Franklin Mutual Quest Fund
Actively managed global stock fund
As of its 2026 Q2 report, Franklin Mutual Quest Fund held 95 positions with $2.73B in net assets. Its ten largest holdings made up 21.8% of the fund. The TEQIX share class costs 1.03% a year. Over the 12 months to May 2026, TEQIX returned 17.3%, with dividends reinvested. In 2026 Q2 it added 17 new positions and exited 15.
Capital appreciation, which may occasionally be short term. The secondary goal is income.
The fund employs fundamental value analysis to identify undervalued equity securities of U.S. and foreign companies, examining cash flow potential, earnings multiples, book value, and ESG considerations; it invests primarily in large- and mid-cap stocks with smaller positions in smaller companies, merger arbitrage, and distressed debt, and may hold up to 100% in foreign securities or maintain substantial cash. Because security selection depends on the manager's individual analysis with no preset value parameters or screening criteria, performance will diverge from any benchmark based on the accuracy of those judgments.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Sorenson Holdings LLC 8.00% · due 2030-04-01 | 4.02% | $109.59M | — | — |
Neptune Bidco US, Inc. 8.77% floating · due 2033-02-03 | 3.10% | $84.43M | — | — |
INFXXFranklin Institutional U.S. Government Money Market Fund | 1.99% | $54.33M | — | — |
Samsung Electronics Co. Ltd. | 1.95% | $53.06M | 239.1K | $221.90 |
GOOGLAlphabet, Inc. | 1.92% | $52.28M | 146.3K | $357.37 |
1.82% | $49.60M | 382.3K | $129.73 | |
1.81% | $49.44M | 420.9K | $117.46 | |
1.77% | $48.24M | 195.9K | $246.22 | |
BNP Paribas SA | 1.75% | $47.64M | 407.9K | $116.79 |
NVSNovartis AG | 1.68% | $45.91M | 292.9K | $156.72 |
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 95 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 | 81.52% |
| Loans | 9.81% |
| Bonds | 5.88% |
| Cash & short-term | 2.13% |
| Other | 0.18% |
| Derivatives | -0.00% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- International
- 32.9%
- Other
- 12.3%
- Financials
- 10.3%
- Communication Services
- 9.9%
- 10 other sectors
- 34.6%
- International
- 32.9%
- Other
- 12.3%
- Financials
- 10.3%
- Communication Services
- 9.9%
- Information Technology
- 5.9%
- Industrials
- 5.6%
- Health Care
- 5.4%
- Utilities
- 4.0%
- Energy
- 4.0%
- Consumer Discretionary
- 2.3%
- Cash
- 2.1%
- Consumer Staples
- 2.1%
- Materials
- 1.9%
- Real Estate
- 1.3%
How it has done
TEQIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 10.01%. 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 |
|---|---|---|---|---|---|
| 1.03% | +17.35% | +54.36% | +39.65% | -6.24% | |
| 1.78% | +16.45% | +50.88% | +34.56% | -6.25% | |
| 0.78% | +17.60% | +55.48% | +41.44% | -6.17% | |
| 1.29% | +17.01% | +53.15% | +37.85% | -6.25% | |
| 0.74% | +17.67% | +55.64% | +41.75% | -6.18% |
These classes hold the same portfolio, so the 7.19pp spread over 5 years is the cost difference between them — roughly 1.44pp a year — not a difference in what they own.
Fees & fund details
Franklin Mutual Quest 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
- 0.74% – 1.78%· TEQIX 1.03%
- Portfolio turnover
- 50.37% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
17 new· the largest 8
15 exited· the largest 8
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.
| Fixed rate | 69.0% |
| Floating rate | 29.3% |
| Zero-coupon or unclassified | 1.6% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.7% |
| 1-3y | 18.4% |
| 3-5y | 56.8% |
| 5-10y | 23.1% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Understand how this fund fits with the rest.
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