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Mutual Shares Fund

Fund Category: ValueGo to Prices & Performance page
showing this category of funds.

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Symbol TESIX
CUSIP 628 380 602
Fund Number 474
Inception Date1 Jul 01, 1949
Distributions Semiannually
Total Net Assets
(all share classes)
As of 03/31/2014

As of  04/17/2014

NAV2 $28.62  
NAV Change $0.07  
POP3 $30.37  
YTD Total Return at NAV 1.78%
Distribution Rate at NAV N/A
30-day Standardized Yield

Average Annual Total Returns4
As of Quarter End 03/31/2014

w/ Sales Charge w/o Sales Charge
1 Yr 12.10% 18.96%
5 Yrs 17.05% 18.46%
10 Yrs 6.04% 6.67%
Life 12.10% 12.20%

Expense Ratio and Sales Charge As of 05/01/2013 (updated annually)

Gross Expense Ratio5 1.12%
Net Expense Ratio 1.12%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.30%

Fund Description

Portfolio Managers

Peter Langerman
Tenure at Mutual Series: 1986-2002, 2005
Managed Fund: 1986-2001, 2005

F. David Segal, CFA®
Joined Mutual Series in 2002
Managed Fund since 2005

Deborah A. Turner, CFA®
Joined Mutual Series in 1993
Managed Fund since 2001

Strategy, Benefits, Results


At Mutual Series, we focus on recognizing value that other investors might miss.

Our goal is to deliver solid, risk-adjusted returns, year in and year out. Over the last 60 years, Mutual Series' consistent, deep-value approach has benefited shareholders with long-term investment horizons.

  • Opportunistic Value Investors. Our core investments are in undervalued stocks with viable catalysts that we believe will change the way the market views their true worth.
  • Think and Act Like Company Owners. We won't hesitate to become activist investors if our shareholders' interests need to be protected.
  • Strive To Reduce Risk. Our unique strategy has historically provided the fund with lower volatility than the overall market and has enabled us to deliver strong results over the long term.


  • Diversification. Though we are focused mainly on large-cap equities, the fund's investment mix contains a variety of asset classes.
  • A Record of Low Volatility.
  • Performance in All Types of Markets. For over 60 years, Mutual Shares Fund has aimed to achieve long-term growth over up, down and sideways market cycles.


Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Stocks historically have outperformed other asset classes over the long term, but tend to fluctuate more dramatically over the short term.
  • Value securities may not increase in price as anticipated or may decline further in value.
  • The risks of investment in foreign securities include currency fluctuations and economic and political uncertainty.
  • Investments in companies engaged in mergers, reorganizations or liquidations involve special risks as pending deals may not be completed on time or on favorable terms, as well as lower-rated bonds, which entail higher credit risk.
  • These and other risks are described more fully in the fund’s prospectus.

Minimum Investment


How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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Important Legal Information


For U.S. residents only.