Franklin Mutual Shares Fund

Frequently Asked Questions About TESIX

What does TESIX invest in?

The Franklin Mutual Shares Fund primarily allocates its capital to company stocks, spanning both domestic and international markets. Its investment approach centers on identifying businesses whose current market prices are believed by the manager to be less than their inherent value, as determined through recognized and objective analytical criteria. Beyond these core equity holdings, the fund's portfolio can also include investments in opportunities arising from corporate mergers (merger arbitrage), as well as the debt and equity instruments of companies experiencing financial distress. Furthermore, a substantial portion of the fund's assets may be dedicated to non-U.S. securities, including government bonds issued by foreign nations.

What is the expense ratio of TESIX?

Franklin Mutual Shares Fund (TESIX) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TESIX?

Franklin Mutual Shares Fund (TESIX) manages $6.81B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is TESIX actively managed or an index fund?

TESIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was TESIX launched?

Franklin Mutual Shares Fund (TESIX) launched in October 1996 and is managed by Franklin Templeton.

How has TESIX performed?

TESIX'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.