Fund Description

The fund seeks capital appreciation. Its strategy is focused on undervalued mid- and large-cap equity securities, with a significant portion of its assets in 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®


Christian Correa, CFA

Christian Correa, CFA®

  • Joined Franklin Templeton in 2003
  • Managed Fund Since 2018
Katrina Dudley, CFA

Katrina Dudley, CFA®

  • Joined Franklin Templeton in 2002
  • Managed Fund Since 2020
Tim Rankin, CFA

Tim Rankin, CFA®

  • Joined Franklin Templeton in 1997
  • Managed Fund Since 2010



Overall Morningstar Rating As of 06/30/2021

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 06/30/2021

Years Ratings Funds
in category
2 Stars
2 Stars
3 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We do not publish a style box for this fund.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. With the ability to invest up to 100% in foreign securities, we seek strong investment opportunities anywhere around the world.
  • A Record of Lower Long-Term Volatility than MSCI World Index.
  • Performance in All Types of Markets. Franklin Mutual Global Discovery Fund has aimed to achieve long-term growth in up, down and sideways market cycles.