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

"Since 1949, Franklin Mutual Shares Fund has remained committed to an investment strategy with a simple mission: buy a dollar’s worth of value for as little as possible."

Peter Langerman

Management

Peter Langerman

Peter Langerman

  • Joined Franklin Templeton in 1986
  • Managed Fund Since 1986
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 10/31/2020

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 As of 10/31/2020

Years Ratings Funds
in category
3
1 Stars
151
5
1 Stars
134
10
1 Stars
95

Morningstar Style Box As of09/30/2020

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. 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.