Fund Evaluator:
Franklin Mutual Global Discovery A (TEDIX)
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Best Performing in Global Large-Stock Value Over the Last Year
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| 42.0% | LSV Global Value Investor (LVAGX) |
| 41.4% | AMG Yacktman Focused N (YAFFX) |
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| 35.3% | T. Rowe Price Glbl Val Eq (TRGVX) |
Fund Details
Franklin Mutual Global Discovery A Overview
Franklin Mutual Global Discovery A (TEDIX) is an actively managed International Equity Global Large-Stock Value fund. Franklin Templeton Investments launched the fund in 1992.
The investment seeks capital appreciation. The fund invests primarily in equity securities (including securities convertible into, or that the investment manager expects to be exchanged for, common or preferred stock) of U.S. and foreign companies that the investment manager believes are available at market prices less than their value based on certain recognized or objective criteria (fundamental value). The equity securities in which the fund invests are primarily common stock. The fund may invest substantially and potentially up to 100% of its assets in foreign securities and participations in foreign government debt.
About Franklin Mutual Global Discovery A (TEDIX)
There are 2 members of the management team with an average tenure of 12.09 years: Christian Correa (2018), Timothy Rankin (2010). 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 Value NR USD index with a weighting of 100%. Franklin Mutual Global Discovery A has 75 securities in its portfolio. The top 10 holdings constitute 23.3% 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 Mutual Global Discovery A is part of the Equity global asset class and is within the International Equity fund group. Franklin Mutual Global Discovery A has 45.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 50.9%. There is 45.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 1.8% (1.8% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Franklin Mutual Global Discovery A has 1.6% of the portfolio in cash.
Assets Under Management
The fund has $5 billion in total assets, which is above the $503 million average for the Global Large-Stock Value 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.
TEDIX 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 Mutual Global Discovery A expense ratio is high compared to funds in the Global Large-Stock Value category. Franklin Mutual Global Discovery A has an expense ratio of 1.20%, which is 14% higher than its category average, making the fund expense ratio grade a D. 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 Mutual Global Discovery A has a portfolio turnover rate of 42%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Global Large-Stock Value category.
Recently, in the month of July 2026, Franklin Mutual Global Discovery A returned 6.1%, which earned it a grade of A, as the Global Large-Stock Value category had an average return of 2.9%. 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 Mutual Global Discovery A has a trailing yield of 1.53%, which is below the 1.78% category average.
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 Mutual Global Discovery A Grades
Year to date, the fund has returned 7.2%, 5.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 18.8% over the past year (grade of D), 13.2% over the past three years (grade of F) and 10.3% per year over the past five years (grade of C) and 9.1% per year over the past 10 years (grade of F).
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TEDIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TEDIX Return (NAV) | 6.1% | 6.1% | 18.8% | 13.2% | 10.3% | 9.1% |
| TEDIX Grade | A | C | D | F | C | F |
| +/- Category | 3.2% | 0.9% | -5.6% | -3.2% | -0.3% | -1.2% |
| Global Large-Stock Value Avg | 2.9% | 5.2% | 24.4% | 16.5% | 10.6% | 10.3% |
| TEDIX Tax Cost Ratio | na | na | 2.7% | 2.6% | 2.5% | 2.0% |
TEDIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TEDIX Return (NAV) | 7.2% | 23.4% | 4.6% | 20.3% | -5.0% | 19.4% | -4.6% | 24.4% | -11.0% | 9.6% | 12.6% |
| TEDIX Grade | F | C | F | A | A | C | F | B | D | F | A |
| +/- Category | -5.4% | -0.7% | -5.1% | 5.5% | 4.1% | 0.4% | -8.7% | 1.4% | -0.7% | -9.1% | 3.1% |
| Global Large-Stock Value Avg | 12.6% | 24.1% | 9.7% | 14.7% | -9.1% | 19.1% | 4.1% | 22.9% | -10.3% | 18.7% | 9.5% |
| Risk Measures | |
| Standard Deviation: | 11.8% |
| Total Risk Index: | 0.96 - Average |
| Category Risk Index: | 1.01 - Above Average |
| Category Risk Grade: | C (60% Rank) |
| Beta: | 0.68 |
| R-Squared: | 54% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.5% |
| Dividend Distribution: | |
| Cap Gains Distribution: | |
| Total Assets: | $9454 Mil |
| Fund Total Assets: | $5,384 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 42% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 15.6 years | |||
| Average Tenure: 12.1 years | |||
| Managers (Year): Rankin Timothy (2010), Correa Christian (2018) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 75 |
| % in Top 10 Holdings: | 23.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 45.7% |
Portfolio Allocation |
|
| Domestic Stock: | 50.9% |
| Foreign Stock: | 45.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 1.8% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.6% |
Purchase Information
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-342-5236 |
| Website: | www.franklintempleton.com |
| Status: | Open |
| Inception Date: | December 31, 1992 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 5.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.20% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | Franklin Mutual Global Discovery Z |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
