- ISIN
- US35471P8593
- CUSIP
- 35471P859
- Issuer
- Franklin
- Inception Date
- Dec 31, 1992
- Category
- Global Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
TEDIX Performance Chart
Franklin Mutual Global Discovery Fund Class A (TEDIX) is up 0.4% since the beginning of the year. TEDIX is currently trading at $31 per share. Investors who bought $1,000 worth of TEDIX shares 5 years ago would now be looking at an investment worth $1,574.
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Returns By Period
Franklin Mutual Global Discovery Fund Class A (TEDIX) has returned 0.39% so far this year and 11.96% over the past 12 months. Over the last ten years, TEDIX has returned 8.40% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Franklin Mutual Global Discovery Fund Class A
- 1D
- -0.06%
- 1M
- -1.02%
- YTD
- 0.39%
- 6M
- 0.58%
- 1Y
- 11.96%
- 3Y*
- 12.90%
- 5Y*
- 9.49%
- 10Y*
- 8.40%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TEDIX Monthly Returns History
Based on dividend-adjusted daily data since Mar 31, 1993, TEDIX's average daily return is +0.04%, while the average monthly return is +0.79%. At this rate, an investment would double in approximately 7.3 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +15.7%, while the worst month was Mar 2020 at -20.0%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, TEDIX closed higher 54% of trading days. The best single day was Dec 20, 2024 with a return of +12.1%, while the worst single day was Mar 16, 2020 at -12.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.07% | 2.79% | -8.00% | 3.65% | 0.54% | -1.18% | 0.39% | ||||||
| 2025 | 4.90% | 3.47% | -0.00% | -2.19% | 3.56% | 3.44% | -2.06% | 4.88% | 1.45% | -0.52% | 1.93% | 2.73% | 23.45% |
| 2024 | -0.17% | 1.86% | 4.68% | -3.71% | 2.57% | -1.70% | 3.79% | 2.11% | 0.31% | -3.48% | 3.14% | -2.93% | 6.16% |
| 2023 | 7.64% | -0.91% | -1.17% | 3.37% | -4.24% | 6.31% | 3.24% | -2.15% | -1.96% | -2.89% | 8.10% | 4.19% | 20.16% |
| 2022 | 2.04% | -2.42% | -0.95% | -3.19% | 4.62% | -9.52% | 3.09% | -3.17% | -8.24% | 10.51% | 7.07% | -3.01% | -4.98% |
| 2021 | -0.18% | 4.92% | 5.09% | 2.78% | 3.36% | -0.88% | -0.15% | 1.01% | -1.61% | 3.41% | -4.88% | 5.48% | 19.33% |
Benchmark Metrics
Franklin Mutual Global Discovery Fund Class A has an annualized alpha of 5.53%, beta of 0.53, and R2 of 0.54 versus S&P 500 Index. Calculated based on daily prices since March 31, 1993.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (73.84%) than losses (62.40%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 5.53% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.53 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 5.53%
- Beta
- 0.53
- R²
- 0.54
- Upside Capture
- 73.84%
- Downside Capture
- 62.40%
Expense Ratio
TEDIX has a high expense ratio of 1.21%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
TEDIX ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Mutual Global Discovery Fund Class A (TEDIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TEDIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.78 | -1.61 |
| Martin ratioReturn relative to average drawdown | 3.46 | 12.44 | -8.98 |
Dividends
Dividend History
Franklin Mutual Global Discovery Fund Class A provided a 10.67% dividend yield over the last twelve months, with an annual payout of $3.31 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.31 | $3.31 | $3.61 | $2.10 | $2.73 | $2.68 | $0.94 | $2.17 | $1.94 | $0.96 | $1.29 | $2.28 |
Dividend yield | 10.67% | 10.71% | 12.98% | 7.09% | 10.31% | 8.70% | 3.33% | 7.11% | 7.35% | 3.03% | 4.20% | 7.90% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Mutual Global Discovery Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $0.00 | $2.67 | $3.31 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.00 | $3.36 | $3.61 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $2.05 | $2.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.93 | $0.00 | $1.79 | $2.73 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.00 | $2.42 | $2.68 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Mutual Global Discovery Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Mutual Global Discovery Fund Class A was 40.21%, occurring on Mar 23, 2020. Recovery took 233 trading sessions.
The current Franklin Mutual Global Discovery Fund Class A drawdown is 5.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -40.21%Mar 2020 | 2mo 2d | 11mo 8d | 1y 1moJan 2020 - Feb 2021 |
Financial crisis2007–2009 | -33.83%Mar 2009 | 1y 7mo | 2y 1mo | 3y 9moJul 2007 - Apr 2011 |
1998 bear market1998 | -29.42%Oct 1998 | 4mo 19d | 1y 1mo | 1y 6moMay 1998 - Nov 1999 |
2003 bear market2003 | -22.44%Mar 2003 | 10mo 1d | 7mo 6d | 1y 5moMay 2002 - Oct 2003 |
2016 bear market2016 | -22.31%Feb 2016 | 8mo 25d | 10mo 6d | 1y 6moMay 2015 - Dec 2016 |
Drawdown Indicators
| TEDIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.21% | -56.78% | +16.57% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -9.10% | -1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -12.95% | -18.90% | +5.95% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -25.43% | +3.74% |
Max Drawdown (10Y)Largest decline over 10 years | -40.21% | -33.92% | -6.29% |
Current DrawdownCurrent decline from peak | -5.25% | -1.80% | -3.45% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -10.71% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.03% | +1.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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