Franklin Mutual International Fund

This fund or share class has been closed to new investors.

This fund or share class has been closed to new investors.

Fund Description

The fund seeks capital appreciation, with income as a secondary goal, by investing predominantly in securities of companies located outside the United States. Its strategy is focused on undervalued securities of issuers of various sizes and, to a significantly lesser extent, distressed companies and merger arbitrage securities.

Strategy Statement

"Using our deep value approach, we invest in non-US companies that have catalysts that are idiosyncratic to market fluctuations."

Andrew Sleeman, CFA®

Management

Andrew Sleeman, CFA

Andrew Sleeman, CFA®

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2009
Tim Rankin, CFA

Tim Rankin, CFA®

  • Joined Franklin Templeton in 1997
  • Managed Fund Since 2018

INVESTMENT PHILOSOPHY, STRATEGY AND APPROACH

Investment Process


Bottom-Up Value Approach

  • We seek to buy companies at a significant discount to their intrinsic value.
  • We seek to understand and limit downside risk.
  • We think and act like owners of the business.
  • Undervalued stocks comprise the bulk of our portfolios.
  • We search for catalysts to unlock value:
    • Corporate restructuring
    • Spin-offs
    • Share buybacks
    • Our own initiatives

Strategy, Benefits, Results

Strategy

At Franklin Mutual Series, we focus on recognizing value that most 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 have a responsibility to our shareholders and won't hesitate to be activist investors if their 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. Focused predominantly on companies in Europe and developed Asia, the fund's investment mix contains a variety of asset classes.
  • Activism. We strive to influence company management, helping unlock that company's full potential.

Selling The Fund

  1. Emphasize the fund's risk-conscious approach to investing.
  2. Highlight the fund's diverse country breakdown.