Fund Description

The fund seeks capital appreciation with income as a secondary goal. The fund focuses mainly on undervalued mid- and large-cap equity securities with a significant portion of its assets in foreign securities and, to a lesser extent, merger arbitrage securities and securities of distressed companies.

Strategy Statement

"We work aggressively to discover value unrecognized by the market and thrive on finding opportunities where we believe there is a potential catalyst in place to unlock value for our shareholders."

Christian Correa, CFA®


Christian Correa, CFA

Christian Correa, CFA®

  • Joined Franklin Templeton in 2003
  • Managed Fund Since 2007
Mandana Hormozi

Mandana Hormozi

  • Joined Franklin Templeton in 2003
  • Managed Fund Since 2009
Aman Gupta, CFA

Aman Gupta, CFA®

  • Joined Franklin Templeton in 2010
  • Managed Fund Since 2013



Overall Morningstar Rating As of 08/31/2021

Rating Category: World Large-Stock Value

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 08/31/2021

Years Ratings Funds
in category
4 Stars
4 Stars
5 Stars

Morningstar Style Box

We do not publish a style box for this fund.

Strategy, Benefits, Results


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 longer-term than the overall market and has enabled us to deliver attractive equity returns.


  • Diversification. Focused predominantly on large- and mid-cap equities, the fund's investment mix contains a variety of industries.
  • A Record of Lower Long-Term Volatility than MSCI World Value Index.
  • Activist Investors. We will work to influence company management to help unlock that company's full potential for the benefit of our shareholders.