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 various sizes and, to a lesser extent, distressed securities and merger arbitrage.

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

Rating

Overall Morningstar Rating As of 07/31/2019

Rating Category: Foreign Large Value

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 07/31/2019

Years Ratings Funds
in category
3
2 Stars
296
5
4 Stars
243
10
Stars

Morningstar Style Box

We do not publish a style box for this fund.

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.

Investing In The Fund

What Are the Risks?

  • All investments involve risks, including possible loss of principal.
  • Value securities may not increase in price as anticipated or may decline further in value.
  • Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments; investments in emerging markets involve heightened risks related to the same factors. Because the Fund invests its assets primarily in companies in a specific region, it is subject to greater risks of adverse developments in that region and/or the surrounding regions than a fund that is more broadly diversified geographically. Political, social or economic disruptions in the region, even in countries in which the Fund is not invested, may adversely affect the value of securities held by the Fund.
  • Smaller-company stocks have exhibited greater price volatility than larger-company stocks, particularly over the short term.
  • The fund’s investments in companies engaged in mergers, reorganizations or liquidations also involve special risks as pending deals may not be completed on time or on favorable terms.
  • The fund may invest in lower-rated bonds, which entail higher credit risk.
  • Please consult the prospectus for a more detailed description of the fund’s risks.

Minimum Investment

$1,000.00

How Financial Advisors Help You

Speak to your advisor about whether this fund is appropriate for you.

Learn more from FINRA about How to Find and Work with an Investment Professional.

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