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 where investors are discouraged because there's often overlooked opportunities. We search for undervalued companies poised to benefit from increased market recognition and internal catalysts. "

Peter Langerman

Management

Peter Langerman

Peter Langerman

  • Joined Franklin Templeton in 1986
  • Managed Fund Since 2009
Tim Rankin, CFA

Tim Rankin, CFA®

  • Joined Franklin Templeton in 1997
  • Managed Fund Since 2010
Christian Correa, CFA

Christian Correa, CFA®

  • Joined Franklin Templeton in 2003
  • Managed Fund Since 2018

Rating

Overall Morningstar Rating As of 08/31/2019

Rating Category: World Large 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 As of 08/31/2019

Years Ratings Funds
in category
3
2 Stars
727
5
2 Stars
597
10
2 Stars
364

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We do not publish a style box for this fund.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 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 than the overall market and has enabled us to deliver strong results over the long term.

Benefits

  • Diversification. With the ability to invest up to 100% in foreign securities, we seek strong investment opportunities anywhere around the world.
  • A Record of Low Volatility.
  • 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.

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. To the extent that the fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, the fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments.
  • Financial services companies are subject to extensive government regulation that may affect their profitability in many ways, including by limiting the amount and types of loans and other commitments they can make, and the interest rates and fees they can charge.
  • Because the fund may invest its assets in companies in a specific region, including Europe, 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.
  • Current political and financial uncertainty surrounding the European Union may increase market volatility and the economic risk of investing in companies in Europe.
  • 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.

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