Fund Description

The fund seeks capital appreciation, with income as a secondary goal, by investing at least 80% of its net assets in the securities of European companies. It focuses mainly on undervalued equity securities and, to a lesser extent, distressed securities and merger arbitrage opportunities.

Strategy Statement

"We are continually looking for opportunities the market is overlooking. With intensive research and a focus on identifying catalysts to drive stock price appreciation, we believe our unconstrained approach to investing allows us to deliver value for our shareholders."

Katrina Dudley, CFA®

Management

Katrina Dudley, CFA

Katrina Dudley, CFA®

  • Joined Franklin Templeton in 2002
  • Managed Fund Since 2007
Mandana Hormozi

Mandana Hormozi

  • Joined Franklin Templeton in 2003
  • Managed Fund Since 2018
Todd Ostrow

Todd Ostrow

  • Joined Franklin Templeton in 2013
  • Managed Fund Since 2019

INVESTMENT PHILOSOPHY, STRATEGY AND APPROACH

Rating

Overall Morningstar Rating As of 08/31/2020

Rating Category: Europe Stock

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 08/31/2020

Years Ratings Funds
in category
3
1 Stars
88
5
1 Stars
74
10
2 Stars
48

Morningstar Style Box As of07/31/2020

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. We focus predominantly on large- and mid-cap European equities, with an investment mix that contains a variety of industries.
  • A Record of Lower Long-Term Volatility than MSCI Europe Index.
  • Activism. Managers go the extra mile and will influence company management to help unlock that company's full potential for the benefit of our shareholders.