# Franklin Mutual Shares Fund (TESIX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tesix 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: Thematic · Inception: 1996-10-31 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. Fu... ## Key Facts | Metric | Value | |---|---| | Price | $27.55 | | Expense Ratio | 0.99% | | Assets Under Management | $6.77B | | NAV | $27.55 | | Holdings Count | — | | Distribution Yield (TTM) | 7.70% | | Annual Distribution (TTM) | $2.12 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $24.37 – $28.66 | | Beta | 1.18 | ## Latest Distribution - Amount: $0.7766 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-01 ## Frequently Asked Questions ### 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 $6.77B 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. ### Does TESIX pay a dividend? Franklin Mutual Shares Fund (TESIX) 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 TESIX pay dividends? Franklin Mutual Shares Fund 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 TESIX's dividend yield? TESIX'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 TESIX's next ex-dividend date? The most recently announced ex-dividend date for TESIX 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 TESIX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.99% 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 TESIX charge its expense ratio? The expense ratio is deducted in tiny daily slices from TESIX'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 TESIX cost more than a fund like VOO? TESIX's strategy (current expense ratio 0.99%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where TESIX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to TESIX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TESIX (0.99%) 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/tesix - Distribution history: https://www.dividenddata.com/funds/tesix/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tesix/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tesix/expenses - Peer comparison: https://www.dividenddata.com/funds/tesix/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.