# Franklin Mutual Shares Fund;Z (MUTHX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/muthx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Franklin Templeton · Asset class: Equity - Strategy: Actively Managed · Inception: 1980-01-02 The fund primarily allocates its capital to equity holdings in both U.S. and international companies that the investment manager identifies as trading below their intrinsic worth, determined by recognized or objective valuation methodologies. Beyond this core approach, the portfolio also incorporates strategies such as merger arbitrage and investments in the debt and equity of financially distressed entities. Furthermore, the fund has the flexibility to commit a significant portion of its assets to foreign securities, including participations in foreign sovereign debt. ## Key Facts | Metric | Value | |---|---| | Price | $28.36 | | Expense Ratio | 0.74% | | AUM (All Share Classes) | $6.78B | | NAV | $28.36 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 7.70% | | Annual Distribution (TTM) | $2.19 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $24.83 – $29.23 | | Beta | 1.18 | ## Latest Distribution - Amount: $0.7766 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-01 ## Frequently Asked Questions ### What does MUTHX invest in? The fund primarily allocates its capital to equity holdings in both U.S. and international companies that the investment manager identifies as trading below their intrinsic worth, determined by recognized or objective valuation methodologies. Beyond this core approach, the portfolio also incorporates strategies such as merger arbitrage and investments in the debt and equity of financially distressed entities. Furthermore, the fund has the flexibility to commit a significant portion of its assets to foreign securities, including participations in foreign sovereign debt. ### What is the expense ratio of MUTHX? Franklin Mutual Shares Fund;Z (MUTHX) charges an expense ratio of 0.74%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MUTHX? Franklin Mutual Shares Fund;Z (MUTHX) is one share class of a fund that manages $6.78B across all of its share classes (TESIX, TESRX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MUTHX actively managed or an index fund? MUTHX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MUTHX's is 0.74%) in exchange for the discretion to over- or under-weight positions. ### When was MUTHX launched? Franklin Mutual Shares Fund;Z (MUTHX) launched in January 1980 and is managed by Franklin Templeton. ### How has MUTHX performed? MUTHX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MUTHX pay a dividend? Franklin Mutual Shares Fund;Z (MUTHX) currently distributes little or no income. Trailing-twelve-month yield is 7.70%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MUTHX pay dividends? Franklin Mutual Shares Fund;Z pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MUTHX's dividend yield? MUTHX's trailing-twelve-month yield is 7.70%, calculated from the sum of dividends over the past year divided by the current price. ### When is MUTHX's next ex-dividend date? The most recently announced ex-dividend date for MUTHX was 2026-10-01. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will MUTHX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.74% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MUTHX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MUTHX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MUTHX cost more than a fund like VOO? MUTHX is actively managed (current expense ratio 0.74%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MUTHX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MUTHX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MUTHX (0.74%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/muthx - Distribution history: https://www.dividenddata.com/funds/muthx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/muthx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/muthx/expenses - Peer comparison: https://www.dividenddata.com/funds/muthx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.