Mutual Beacon (TEBIX)

Posted by: Pro

Updated:
12.06.07
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TheStreet Rating:
B-
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Description:

From the Franklin Templeton Website:

â€œThe Fund emphasizes investments in larger- and medium-sized companies. The fundâ€™s managers search for common stock, preferred stock and debt securities, both foreign and domestic, of companies they believe are at prices below their intrinsic value.â€

The fund was featured in the February 5th issue of Barronâ€™s, as one of the top funds for their fifth favorite mutual fund family of 2006, Franklin Templeton. Barronâ€™s had this to say about the fund:

â€œFranklin Templeton finished fifth overall, helped by a 12th-place finish in general equity. Among the big fund family's strong performers was Mutual Beacon (TEBIX), a value fund with an activist bent. Its adjusted return last year was 21%.

Among the themes that worked for the fund were large-cap media and telecom. Good performers included Time Warner (TWX) and Comcast. Mike Embler, one of the fund's managers and the chief investment officer at Mutual Series, sees value in large-cap names, such as Microsoft (MSFT) and Verizon (VZ).â€

Morningstar gives the fund 4 Stars.

Current Returns:

1-Year: 5.72%
3 Year: 11.30%
5 Year: 15.56%

As of 9/30/07