Fund Description

The fund seeks capital appreciation with income as a secondary goal. The fund focuses mainly 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 work aggressively to discover value unrecognized by the market and thrive on finding opportunities where we believe there is a potential catalyst in place to unlock value for our shareholders. "

Management

Christian Correa, CFA

Christian Correa, CFA®

  • Joined Franklin Templeton in 2003
  • Managed Fund Since 2007
Mandana Hormozi

Mandana Hormozi

  • Joined Franklin Templeton in 2003
  • Managed Fund Since 2009
Aman Gupta, CFA

Aman Gupta, CFA®

  • Joined Franklin Templeton in 2010
  • Managed Fund Since 2013

Rating

Overall Morningstar Rating As of 04/30/2018

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 04/30/2018

Years Ratings Funds
in category
3
2 Stars
174
5
3 Stars
146
10
3 Stars
115

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We do not publish a style box for this fund.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. Focused predominantly on large- and mid-cap equities, the fund's investment mix contains a variety of industries.
  • A Record of Low Volatility.
  • Activist Investors. We will work to influence company management to help unlock that company's full potential for the benefit of our shareholders.

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.

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

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