PRICE AND YTD RETURN As of 05/02/2016

NAV up $0.00 $13.47
POP $14.29
YTD Total return at Nav -4.47%

AVERAGE ANNUAL TOTAL RETURNS As of Quarter end 03/31/2016

Sales Charge

1 YEAR RETURN -16.17%
5 YEAR RETURN 0.78%
Since inception Inception: 05/01/2009 6.76%

KEY STATS

Investment Category Value
Distributions Semiannually
CUSIP 354 026 700
Fund Number 373
Inception Date May 01, 2009
Total Net Assets (all share classes) As of 03/31/2016 $185.3 (M)
Distribution Rate at NAV N/A
30-Day Standardized yield N/A

SALES CHARGE, EXPENSES, & FEES As of 05/01/2015 (updated annually)

Gross Expense Ratio 1.69%
Net Expense Ratio 1.47%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

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. It will focus primarily on undervalued securities of mid- and large-capitalization companies with the remaining portion of its equity portfolio in smaller companies and, to a lesser extent, distressed securities and merger arbitrage.

Strategy Statement

"Using our deep value approach, we intend to invest primarily in Europe and developed Asia. Country and sector weightings will reflect our disciplined bottom-up stock selection process."

Philippe Brugere-Trelat

Management

Philippe Brugere-Trelat

Philippe Brugere-Trelat

  • Joined Franklin Templeton in 1984
  • Managed Fund Since 2009
Andrew Sleeman, CFA

Andrew Sleeman, CFA®

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2009

Overall Morningstar Rating As of 03/31/2016

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 03/31/2016

Years Ratings Funds
in category
3
3 Stars
289
5
3 Stars
251
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We do not publish a style box for this fund.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.
  • 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.
  • These and other risk considerations are discussed in the fund’s prospectus.

Minimum Investment

$1,000.00

How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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