Fund Evaluator:
Franklin Mutual Quest A (TEQIX)
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Best Performing in Global Moderately Aggressive Allocation Over the Last Year
| 21.6% | TOPS® Moderately Aggressive ETF 2 () |
| 21.4% | Victory Cornerstone Aggressive (UCAGX) |
| 19.9% | Fidelity Advisor Asset Manager 70% Z (FIQBX) |
| 19.8% | Fidelity Asset Manager 70% (FASGX) |
| 19.8% | Fidelity Multi-Asset Index (FFNOX) |
Fund Details
Franklin Mutual Quest A Overview
Franklin Mutual Quest A (TEQIX) is an actively managed Allocation Global Moderately Aggressive Allocation fund. Franklin Templeton Investments launched the fund in 1980.
The investment seeks capital appreciation; income is a secondary consideration. The fund invests substantially to 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). It may invest substantially and potentially up to 100% of its assets in foreign securities and participations in foreign government debt.
About Franklin Mutual Quest A (TEQIX)
There are 2 members of the management team with an average tenure of 10.67 years: Keith Luh (2010), Andrew Dinnhaupt (2020). Management tenure is more important for actively managed funds than passive index funds.
The fund has 3 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100%, Bloomberg US Corporate High Yield TR USD index with a weighting of 30% and MSCI World Value NR USD index with a weighting of 70%. Franklin Mutual Quest A has 97 securities in its portfolio. The top 10 holdings constitute 22.1% 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 Mutual Quest A is part of the Allocation global asset class and is within the Allocation fund group. Franklin Mutual Quest A has 27.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 53.6%. There is 27.9% allocated to foreign stock, and 0.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 14.8% (14.8% domestic bond, 0.0% foreign bond and 0.5% convertible bond). Franklin Mutual Quest A has 2.8% of the portfolio in cash.
Assets Under Management
The fund has $582 million in total assets, which is below the $1 billion average for the Global Moderately 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.
TEQIX 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 Quest A expense ratio is high compared to funds in the Global Moderately Aggressive Allocation category. Franklin Mutual Quest A has an expense ratio of 1.03%, which is 3% higher than its category average, making the fund expense ratio grade a C. 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 Quest A has a portfolio turnover rate of 50%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 32% for the Global Moderately Aggressive Allocation category.
Recently, in the month of July 2026, Franklin Mutual Quest A returned 2.4%, which earned it a grade of A, as the Global Moderately Aggressive Allocation category had an average return of 0.2%. 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 Quest A has a trailing yield of 3.69%, which is above the 1.98% 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 Quest A Grades
Year to date, the fund has returned 9.0%, 0.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 18.0% over the past year (grade of C), 13.8% over the past three years (grade of C) and 7.8% per year over the past five years (grade of B) and 6.3% per year over the past 10 years (grade of F).
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TEQIX 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 |
|
| TEQIX Return (NAV) | 2.4% | 4.3% | 18.0% | 13.8% | 7.8% | 6.3% |
| TEQIX Grade | A | A | C | C | B | F |
| +/- Category | 2.2% | 1.4% | -0.4% | -0.2% | 0.1% | -2.5% |
| Global Moderately Aggressive Allocation Avg | 0.2% | 2.9% | 18.4% | 14.0% | 7.8% | 8.9% |
| TEQIX Tax Cost Ratio | na | na | 1.6% | 1.6% | 1.4% | 1.7% |
TEQIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TEQIX Return (NAV) | 9.0% | 17.3% | 8.6% | 10.3% | -7.2% | 11.3% | -2.1% | 12.1% | -7.4% | 6.9% | 16.0% |
| TEQIX Grade | D | C | F | F | A | F | F | F | B | F | A |
| +/- Category | -0.9% | -0.5% | -2.6% | -3.9% | 7.1% | -4.1% | -12.9% | -8.7% | 0.6% | -9.8% | 8.4% |
| Global Moderately Aggressive Allocation Avg | 9.8% | 17.8% | 11.2% | 14.2% | -14.3% | 15.4% | 10.8% | 20.9% | -7.9% | 16.7% | 7.6% |
| Risk Measures | |
| Standard Deviation: | 10.2% |
| Total Risk Index: | 0.83 - Average |
| Category Risk Index: | 0.96 - Below Average |
| Category Risk Grade: | B (30% Rank) |
| Beta: | 0.93 |
| R-Squared: | 74% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 3.7% |
| Dividend Distribution: | |
| Cap Gains Distribution: | |
| Total Assets: | $2768 Mil |
| Fund Total Assets: | $ 582 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 50% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 15.6 years | |||
| Average Tenure: 10.7 years | |||
| Managers (Year): Luh Keith (2010), Dinnhaupt Andrew (2020) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 97 |
| % in Top 10 Holdings: | 22.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 27.9% |
Portfolio Allocation |
|
| Domestic Stock: | 53.6% |
| Foreign Stock: | 27.9% |
| Preferred Stock: | 0.4% |
| Domestic Bond: | 14.8% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.5% |
| Other: | 0.0% |
| Cash: | 2.8% |
Purchase Information
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-342-5236 |
| Website: | www.franklintempleton.com |
| Status: | Open |
| Inception Date: | September 26, 1980 |
| 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 (%): | 1.03% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.00% |
| Share Class: | Franklin Mutual Quest Z |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
