PRICE AND YTD RETURN As of 05/05/2016

NAV up $0.06 $26.07
POP $27.66
YTD Total return at Nav 1.12%

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

Sales Charge

1 YEAR RETURN -11.31%
5 YEAR RETURN 5.99%
10 YEAR RETURN 3.52%

KEY STATS

Investment Category Value
Distributions Semiannually
CUSIP 628 380 602
Fund Number 474
Inception Date Jul 01, 1949
Total Net Assets (all share classes) As of 04/30/2016 $14,659.0 (M)
Distribution Rate at NAV N/A
30-Day Standardized yield N/A

SALES CHARGE, EXPENSES, & FEES As of 05/01/2016 (updated annually)

Gross Expense Ratio 1.06%
Net Expense Ratio 1.06%
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. Its strategy is focused on undervalued mid- and large-cap equity securities, which may include foreign securities and, to a lesser extent, distressed securities and merger arbitrage.

Strategy Statement

"Since 1949, Franklin Mutual Shares Fund has remained committed to an investment strategy with a simple mission: buy a dollar’s worth of value for as little as possible. "

Peter Langerman

Management

Peter Langerman

Peter Langerman

  • Joined Franklin Templeton in 1986
  • Managed Fund Since 1986
F. David Segal, CFA, MBA

F. David Segal, CFA®, MBA

  • Joined Franklin Templeton in 2002
  • Managed Fund Since 2005
Deborah Turner, CFA

Deborah Turner, CFA®

  • Joined Franklin Templeton in 1993
  • Managed Fund Since 2001

Overall Morningstar Rating As of 03/31/2016

Rating Category: 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
1 Stars
1207
5
2 Stars
1051
10
2 Stars
764

Morningstar Style Box As of 12/31/2015

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. Though we are focused mainly on large-cap equities, the fund's investment mix contains a variety of asset classes.
  • A Record of Low Volatility.
  • Performance in All Types of Markets. For over 60 years, Franklin Mutual Shares Fund has aimed to achieve long-term growth over up, down and sideways market cycles.

Investing In The Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Stocks historically have outperformed other asset classes over the long term, but tend to fluctuate more dramatically over the short term.
  • Value securities may not increase in price as anticipated or may decline further in value.
  • The risks of investment in foreign securities include currency fluctuations and economic and political uncertainty.
  • Investments in companies engaged in mergers, reorganizations or liquidations involve special risks as pending deals may not be completed on time or on favorable terms, as well as lower-rated bonds, which entail higher credit risk.
  • These and other risks are described more fully 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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