Franklin Mutual Shares VIP 1 |
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Release date as of 2022-05-31. Data on page is subject to change. |
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Overall Morningstar Rating™
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What is this?
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As of --- |
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Out of 177 Allocation--85%+ Equity Funds
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Total Fund Assets ($ Mil) |
2,316.28 |
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Investment Objective & Strategy |
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The investment seeks capital appreciation; income is a secondary goal.
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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. The equity securities in which the fund invests are primarily common stock. To a lesser extent, 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 (up to 35%) in foreign securities, which may include sovereign debt and participations in foreign government debt. |
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Morningstar Category: Allocation--85%+ Equity |
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Funds in allocation categories seek to provide both income and capital appreciation by primarily investing in multiple asset classes, including stocks, bonds, and cash. These aggressive strategies typically allocate at least 10% to equities of foreign companies and prioritize capital appreciation over preservation. They typically expect volatility similar to a strategic equity exposure of more than 85%.
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There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund. |
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% of Net Assets |
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U.S. Stocks |
79.3 |
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Non-U.S. Stocks |
15.4 |
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Bonds |
3.9 |
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Cash |
1.3 |
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Other |
0.1 |
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Data through 2022-05-31 |
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Morningstar Equity Sectors |
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% of Stocks |
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Cyclical |
33.63 |
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Basic Materials |
2.09 |
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Consumer Cyclical |
10.83 |
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Financial Services |
17.83 |
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Real Estate |
2.88 |
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Sensitive |
41.41 |
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Communication Services |
10.81 |
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Energy |
6.41 |
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Industrials |
10.90 |
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Technology |
13.29 |
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Defensive |
24.97 |
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Consumer Defensive |
6.09 |
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Healthcare |
17.59 |
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Utilities |
1.29 |
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Data through 2022-05-31 |
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Morningstar Fixed-Income Sectors |
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% Fund |
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Government |
0.00 |
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Corporate |
65.22 |
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Securitized |
2.14 |
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Municipal |
0.00 |
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Cash & Equivalents |
32.64 |
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Other |
0.00 |
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% Bonds |
AAA |
--- |
AA |
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A |
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BBB |
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BB |
--- |
B |
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Below B |
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Not Rated |
--- |
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Total Number of Stock Holdings |
61 |
Total Number of Bond Holdings |
11 |
% of Net Assets in Top 10 Holdings |
25.26 |
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Turnover % |
(as of 2021-12-31) |
47.31 |
30 Day SEC Yield % |
--- |
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Sector |
Country |
Maturity Date |
Market Value ($000) |
% of Net Assets |
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BP PLC |
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GBR |
--- |
71,963 |
3.13 |
Charter Communications Inc Class A |
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USA |
--- |
68,832 |
3.00 |
T-Mobile US Inc |
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USA |
--- |
59,585 |
2.60 |
Global Payments Inc |
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USA |
--- |
59,089 |
2.57 |
CVS Health Corp |
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USA |
--- |
58,824 |
2.56 |
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Fiserv Inc |
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USA |
--- |
55,432 |
2.41 |
The Kraft Heinz Co |
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USA |
--- |
54,603 |
2.38 |
Western Digital Corp |
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USA |
--- |
52,255 |
2.28 |
Novartis AG ADR |
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CHE |
--- |
50,513 |
2.20 |
D.R. Horton Inc |
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USA |
--- |
48,880 |
2.13 |
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Event-Driven Investment/Arbitrage Strategies, Foreign Securities, Loss of Money, Not FDIC Insured, Value Investing, Active Management, Market/Market Volatility, Industry and Sector Investing, Other, Derivatives, Small Cap, Mid-Cap |
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Show Risk Definitions |
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Inception Date: 1996-11-08 |
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Christian Correa (2020-11-02) |
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Christian Correa, CFA is a portfolio manager and director of research for Franklin Mutual Series. Mr. Correa has been a lead or co-lead portfolio manager of the Franklin Mutual Beacon Fund since 2007 and co-lead portfolio manager of the Franklin Mutual Global Discovery Fund since 2018. Prior to joining Franklin Mutual Series in 2003, he worked at Lehman Brothers Holdings Inc. He has more than a decade of investment experience. He holds a B.A. from Claremont McKenna College, an M.A. (economics) from Northwestern Univ. and is a graduate of Harvard Law School. |
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Grace Hoefig (2020-11-02) |
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Grace Hoefig, Vice President and Portfolio Manager of Franklin Advisory Services. Ms. Hoefig joined Franklin Templeton in February 2008 as a research analyst. She has been in the investment industry for more than 20 years. Prior to joining Franklin Templeton, Ms. Hoefig was a managing director at AXIA Capital Management LLC., and has held senior analyst positions at Heine Securities Co., First Manhattan Co. and Neuberger & Berman. |
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Deborah A. Turner (2001-08-01) |
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Turner is a portfolio manager of Franklin Mutual. She joined Franklin Templeton Investments in 1996. Between 1993 and 1996, she was employed at Heine Securities Corporation, the Funds' former manager. She has more than 13 years of experience in the investment management industry. |
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Franklin Mutual Advisers, LLC |
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Franklin Templeton Investments |
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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
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