Fund Evaluator:

Franklin Global Equity IS Overview

Franklin Global Equity IS (SMYSX) is an actively managed International Equity Global Large-Stock Blend fund. Franklin Templeton Investments launched the fund in 2019.

The investment seeks long-term capital growth; dividend income, if any, is incidental to this objective. The fund invests primarily in the common stock of U.S. and non-U.S. issuers. Under normal circumstances, it invests at least 80% of its assets in equity and equity-related securities. Equity securities include exchange-traded and over-the-counter (OTC) common and preferred stocks, warrants and rights, securities convertible into common stocks, and securities of other investment companies and of real estate investment trusts ("REITs").

About Franklin Global Equity IS (SMYSX)

There are 3 members of the management team with an average tenure of 2.05 years: Christopher Floyd (2021), Brett Risser (2025), Adrian Chan (2026). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MSCI World NR USD index with a weighting of 100%. Franklin Global Equity IS has 140 securities in its portfolio. The top 10 holdings constitute 30.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Franklin Global Equity IS is part of the Equity global asset class and is within the International Equity fund group. Franklin Global Equity IS has 23.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 73.9%. There is 23.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Franklin Global Equity IS has 2.5% of the portfolio in cash.

Assets Under Management

The fund has $36 million in total assets, which is below the $1 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SMYSX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Franklin Global Equity IS expense ratio is high compared to funds in the Global Large-Stock Blend category. Franklin Global Equity IS has an expense ratio of 0.83%, which is 20% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Franklin Global Equity IS has a portfolio turnover rate of 31%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.

Recently, in the month of June 2026, Franklin Global Equity IS returned 0.1%, which earned it a grade of B, as the Global Large-Stock Blend category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Franklin Global Equity IS has a trailing yield of 0.76%, which is below the 0.96% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Franklin Global Equity IS Grades

Year to date, the fund has returned 9.8%, 0.8 percentage points better than the category, which translates into a grade of C. The fund has returned 23.9% over the past year (grade of B), 22.8% over the past three years (grade of A) and 13.6% per year over the past five years (grade of A) and 13.9% per year over the past 10 years (grade of A).

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