Fund Description

The fund seeks capital appreciation, which may occasionally be short term, 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

"We look across global equity markets, searching opportunistically for undervalued companies that are poised to benefit from identifiable investment catalysts."

Christian Correa, CFA®

Management

Christian Correa, CFA

Christian Correa, CFA®

  • Joined Franklin Templeton in 2003
  • Managed Fund Since 2020
Grace Hoefig

Grace Hoefig

  • Joined Franklin Templeton in 2008
  • Managed Fund Since 2020
Deborah Turner, CFA

Deborah Turner, CFA®

  • Joined Franklin Templeton in 1993
  • Managed Fund Since 2001

INVESTMENT PHILOSOPHY, STRATEGY AND APPROACH

Rating

Overall Morningstar Rating As of 08/31/2021

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 [further-information] As of 08/31/2021

Years Ratings Funds
in category
3
1 Stars
151
5
1 Stars
136
10
1 Stars
96

Morningstar Style Box As of07/31/2021

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

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 Lower Long-Term Volatility than Russell 1000 Value Index.
  • 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.