Fund Evaluator:

Franklin Mutual Shares C Overview

Franklin Mutual Shares C (TEMTX) is an actively managed Allocation Aggressive Allocation fund. Franklin Templeton Investments launched the fund in 1949.

The investment seeks capital appreciation, which may occasionally be short term; income is a secondary consideration. The fund invests primarily in equity securities 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. It also invests in merger arbitrage securities and the debt and equity of distressed companies. The fund may invest a significant portion of its assets in foreign securities and participations in foreign government debt.

About Franklin Mutual Shares C (TEMTX)

There are 2 members of the management team with an average tenure of 3.46 years: Grace Hoefig (2020), Aman Gupta (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Franklin Mutual Shares C has 61 securities in its portfolio. The top 10 holdings constitute 27.9% 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 Shares C is part of the Allocation global asset class and is within the Allocation fund group. Franklin Mutual Shares C has 10.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 86.3%. There is 10.9% allocated to foreign stock, and 0.2% 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 Shares C has 0.8% of the portfolio in cash.

Assets Under Management

The fund has $28 million in total assets, which is below the $549 million average for the Aggressive Allocation 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.

TEMTX 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 Shares C expense ratio is high compared to funds in the Aggressive Allocation category. Franklin Mutual Shares C has an expense ratio of 1.74%, which is 52% higher than its category average, making the fund expense ratio grade a F. 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 Shares C has a portfolio turnover rate of 51%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 47% for the Aggressive Allocation category.

Recently, in the month of June 2026, Franklin Mutual Shares C returned 0.4%, which earned it a grade of D, as the Aggressive Allocation category had an average return of 0.5%. 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 Shares C has a trailing yield of 0.71%, which is below the 0.95% 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 Shares C Grades

Year to date, the fund has returned 4.1%, 5.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 9.0% over the past year (grade of F), 11.0% over the past three years (grade of F) and 6.0% per year over the past five years (grade of F) and 6.8% per year over the past 10 years (grade of F).

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