Fund Description

The fund seeks capital appreciation, with income as a secondary goal. Its strategy is focused on undervalued mid- and large-cap equity securities, which may include foreign securities and, to a lesser extent, distressed securities and merger arbitrage.

Strategy Statement

"Since 1949, Franklin Mutual Shares Fund has remained committed to an investment strategy with a simple mission: buy a dollar’s worth of value for as little as possible. "

Peter Langerman

Management

Peter Langerman

Peter Langerman

  • Joined Franklin Templeton in 1986
  • Managed Fund Since 1986
F. David Segal, CFA, MBA

F. David Segal, CFA®, MBA

  • Joined Franklin Templeton in 2002
  • Managed Fund Since 2005
Deborah Turner, CFA

Deborah Turner, CFA®

  • Joined Franklin Templeton in 1993
  • Managed Fund Since 2001

Rating

Overall Morningstar Rating As of 12/31/2017

Rating Category: Allocation--85%+ Equity

Morningstar
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 12/31/2017

Years Ratings Funds
in category
3
2 Stars
162
5
1 Stars
133
10
2 Stars
106

Morningstar Style Box As of09/30/2017

Strategy, Benefits, Results

Strategy

At Franklin 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, Franklin 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.

Benefits

  • 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, Franklin Mutual Shares Fund has aimed to achieve long-term growth over up, down and sideways market cycles.

Selling The Fund

  1. Highlight the fund’s strong performance record in down and sideways markets.

  2. Demonstrate the fund’s stellar 60-year track record of performance.

  3. Point out the fund’s record of low volatility when compared with its benchmark S&P 500 Index.

  4. Emphasize the fund’s risk-conscious approach to investing.

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