Franklin Global Market Neutral Fund
Data updated: 2023-08-24
C000162174 — Franklin Global Market Neutral Fund. Emerging Markets Real Estate · $36.84M AUM. Holdings, fees, performance and SEC filings.
C000162174 Fund Overview
Franklin Global Market Neutral Fund is a US mutual fund managed by Legg Mason Global Asset Management Trust, categorised as Emerging Markets Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Legg Mason Global Asset Management Trust
- Category: Emerging Markets Real Estate
- Assets under management: $36.84M
- 1-year return: 8.3%
- SEC CIK: 0001474103
- SEC series ID: S000051512
- Share class ID: C000162174
C000162174 Investment Objective and Strategy
Franklin Global Market Neutral Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Legg Mason Global Asset Management Trust.
Investment objective
Long-term capital appreciation.
Principal investment strategy
The fund seeks positive returns unrelated to the broad global market by selecting both long and short positions in equity securities from anywhere in the world while applying measures that attempt to control for risk. The subadviser buys equity securities it considers to be undervalued (long positions) and it sells short equity securities it considers to be overvalued (short positions). The subadviser uses quantitative models to select long and short position sizes it believes will achieve overall market neutrality, thereby attempting to limit the effects of global stock market movements on overall fund performance. The subadviser views market neutrality to mean that the exposure of the long and short positions should offset one another producing a net equity exposure that is approximately +/- 1% under normal market conditions.
Because of the funds market neutral strategy, the fund is intended to have returns that are generally independent of the returns and direction of the global stock market, although there can be no assurance that it will achieve that result. Under normal market conditions, the fund will invest primarily in common stocks, preferred stocks, convertible securities, American depositary receipts, global depositary receipts, master limited partnerships (MLPs), real estate investment trusts, and securities of other investment companies including exchange-traded funds. As a global fund, the fund can seek investment opportunities anywhere in the world, and under normal market conditions, the fund will invest in or have exposure to at least three countries, which may include the United States. The fund may invest without limit in securities in any country, including countries with developed or emerging markets.
The fund may invest in issuers of any market capitalization. When deemed appropriate by the subadviser, the fund may enter into various derivative transactions as a principal investment strategy using total return swaps, equity futures, options, warrants, and other similar investments. Derivatives may be used by the fund as a hedging technique in an attempt to manage risk; as a substitute for buying or selling securities; to provide additional exposure to investment types or market factors; to change the characteristics of the funds portfolio; in an attempt to enhance returns; and to manage cash.
C000162174 Performance
Total returns for C000162174 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.3% |
| 3 years (annualised) | 6.3% |
C000162174 Risk Information
Risk metrics for C000162174, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.9%
C000162174 Costs and Fees
C000162174 costs about $431 per $10,000 invested per year in fund expenses.
- Net expense ratio: 4.31%
- Gross expense ratio: 4.69%
- Portfolio turnover: 149%
- Brokerage commissions: 12.71 bps of average net assets (SEC N-CEN)
C000162174 Cashflows
Over the 12 months to 2023-06, Franklin Global Market Neutral Fund had net inflows of $34.70M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $672.71K |
| 2023-05 | $808.10K |
| 2023-04 | $1.05M |
| 2023-03 | $1.24M |
| 2023-02 | $1.02M |
| 2023-01 | $2.53M |
C000162174 Debt Constituents
No individual debt constituents are reported in Franklin Global Market Neutral Fund's latest SEC N-PORT filing.
C000162174 Prospectus and SEC Filings
Official Franklin Global Market Neutral Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-01-24
- Prospectus (485BPOS) — filed 2022-01-24
- Prospectus (485BPOS) — filed 2021-01-25
- Portfolio holdings (N-PORT) — filed 2023-08-24
- Portfolio holdings (N-PORT) — filed 2023-05-19
- Portfolio holdings (N-PORT) — filed 2023-02-27
- Annual census (N-CEN) — filed 2022-12-07
- Annual census (N-CEN) — filed 2021-12-07
Related Funds
Other Emerging Markets Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.