Templeton Mutual European A (TEMIX) fund is one of the best
international stock mutual funds. This Europe stock fund invests in stocks of
companies located in Europe region.
Mutual European A (MUTF: TEMIX)
As part of Franklin Templeton Investment Fund, the Mutual European fund objective is to provide capital appreciation. It also has a secondary consideration which is to provide income. The fund typically invests >80% of net assets in undervalue securities of European companies. The companies are selected by the manager based on the analysis that the companies are available at market prices less than their value based on certain recognized or objective criteria (intrinsic value). It usually invests in securities from at least five different countries, although, from time to time, the fund may invest all of its assets in a single country. The fund also may invest <20% of its total assets in securities of U.S. issuers, and securities of issuers from the Levant (Lebanon, Syria, Israel, Jordan and the Palestinian territories), the Middle East, and the remaining regions of the world.
TEMIX Fund Details
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| Mutual European fund characteristics |
- Fund Inception Date: November 1996
- Ticker Symbol: TEMIX
- CUSIP: 628380834
- Beta (3yr): 0.59
- Rank in category (YTD): 68
- Category: Europe Stock
- Yield: 2.65%
- Capital Gains: N/A
- Number of Years Up: 11 years
- Number of Years Down: 3 years
- Net Assets: $2.14 billion
- Morningstar Rating: 5
- YTD Return: 6.79% (up to July 13, 2011)
Since 2004, the fund has been managed by Philippe Brugere-Trelat. The fund total common net assets are $2.14 billion. The fund also charges an annual expense ratio of 1.40%. The fund has a dividend yield of 2.65%. This Franklin Templeton fund has 12b1 fee of 0.30%. It also has a front-end sales load fee of 5.75%. It has 1.40% of annual expense ratio. This fund is recognized by Morningstar as the Top Europe Stock fund with 5 stars rating.
As of May 31, 2011, the fund has returned 12.55% over the past year. On the longer term, the fund has returned 4.20% over the past 5 year and 7.90% over the past decade. During its 14 years in the market, TEMIX fund has 11 years with positive return. It recorded the best 1-year total return so far in 1999 with 46.05%. The 5-year average return is 5.44% with 6.79% of YTD return.
This fund is available in both brokerage and IRA account. The minimum initial investment for brokerage account is $1,000 and $250 for IRA account. There is no minimum subsequent investment needed. Dividends for TEMIX are distributed semiannually in September and December. It is using MSCI Europe NETR Index as the benchmark. Investor may choose from other class of this fund, such as Class B (Ticker: TEUBX), Class C (Ticker: TEURX), Class R and Class Z (Ticker: MEURX).
This TEMIX fund which is the best Europe equity fund, can be purchased from 113 brokerages include JPMorgan, Vanguard, Edward Jones, Scottrade Load, Merrill Lynch, Schwab Retail, Morgan Stanley – Brokerage Accounts, E Trade Financial, Datalynx, etc.
As April 2011, this fund portfolio asset is allocated as follow 91.57% in undervalued equities, 5.52% in cash and other net assets, 1.48% in merger arbitrage and 1.44% in distressed investments. The top ten holdings of this fund are British American Tobacco (3.17%), Vodafone Group (3.14%), A P Moller-Maersk (3.06%), Royal Dutch Shell (2.94%), Nestle SA (2.81%), Zurich Financial Services AG (2.76%), Schindler Holding (2.64%), GDF Suez (2.56%), Daimler (2.52%) and UBS (2.42%). The top sector weightings are Financials (20.60%), Consumer Discretionary (16.72%), Industrials (13.73%) and Consumer Staples (12.58%). The top geographic weightings as of March 2011 are France (24.12%), United Kingdom (20.35%), Germany (15.52%) and Switzerland (12.99%).
Investment Risks
Investing in this Europe Stock fund involves risks such as: Value Securities Risk, Small and Mid Sized Companies Risk, Foreign Securities Risk, Mergers and Liquidation Risk, Credit Risk, Currency Risk, etc.
Pros:
Pros:
- Good track record performance
Disclosure: No Position
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