PRICE AND YTD RETURN As of 04/29/2016

NAV down $-0.03 $14.80
POP $15.70
YTD Total return at Nav 3.57%

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

Sales Charge

1 YEAR RETURN -11.76%
5 YEAR RETURN 4.32%
10 YEAR RETURN 4.26%

KEY STATS

Investment Category Value
Distributions Semiannually
CUSIP 628 380 800
Fund Number 475
Inception Date Sep 26, 1980
Total Net Assets (all share classes) As of 03/31/2016 $4,901.9 (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 1.11%
Net Expense Ratio 1.11%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.30%

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 and, to a lesser extent, 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, MBA

Keith W. Luh, CFA®, MBA

  • Joined Franklin Templeton in 2005
  • Managed Fund Since 2010

Overall Morningstar Rating As of 03/31/2016

Rating Category: World 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 03/31/2016

Years Ratings Funds
in category
3
2 Stars
991
5
3 Stars
774
10
5 Stars
421

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We do not publish a style box for this fund.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 up to 50% 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.
  • 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.
  • Investments in smaller-company stocks have exhibited greater price volatility than larger-company stocks, particularly over the short term.
  • Foreign securities risks include currency fluctuations, and economic and political uncertainties.
  • 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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