Fund Description

The fund seeks capital appreciation with income as a secondary goal. Its strategy is focused on undervalued mid- to large-cap equity securities with a significant portion of its assets in foreign securities. The fund also invests in distressed securities and merger arbitrage.

Strategy Statement

"Our goal is to deliver attractive, risk-adjusted returns over the long run. We don't make macro calls on the economy, instead focusing on identifying what a business is worth through careful research."

Shawn Tumulty

Management

Shawn Tumulty

Shawn Tumulty

  • Joined Franklin Templeton in 2000
  • Managed Fund Since 2003
Keith W. Luh, CFA

Keith W. Luh, CFA®

  • Joined Franklin Templeton in 2005
  • Managed Fund Since 2010

Rating

Overall Morningstar Rating As of 04/30/2018

Rating Category: World Allocation

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 04/30/2018

Years Ratings Funds
in category
3
4 Stars
386
5
5 Stars
330
10
5 Stars
152

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We do not publish a style box for this fund.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 flexibility to invest a significant portion of its assets in foreign securities, the fund has the ability to take advantage of undervalued opportunities across the globe.
  • A Record of Low Volatility.
  • Performance in All Types of Markets. For 30 years, Franklin Mutual Quest Fund has proven 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.
  • 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

See Prospectus

How Financial Advisors Help You

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

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