PRICE AND YTD RETURN As of 07/25/2016

NAV down $-0.04 $29.68
POP $31.49
YTD Total return at Nav 2.84%

AVERAGE ANNUAL TOTAL RETURNS As of Quarter end 06/30/2016

Sales Charge

1 YEAR RETURN -11.35%
5 YEAR RETURN 4.61%
10 YEAR RETURN 5.03%

KEY STATS

Investment Category Value
Distributions Semiannually
CUSIP 628 380 859
Fund Number 477
Inception Date Dec 31, 1992
Total Net Assets (all share classes) As of 06/30/2016 $21,597.7 (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 1.24%
Net Expense Ratio 1.24%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

The fund seeks capital appreciation. Its strategy is focused 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 look where investors are discouraged because there's often overlooked opportunities. We search for undervalued companies poised to benefit from increased market recognition and internal catalysts. "

Peter Langerman

Management

Peter Langerman

Peter Langerman

  • Joined Franklin Templeton in 1986
  • Managed Fund Since 2009
Philippe Brugere-Trelat

Philippe Brugere-Trelat

  • Joined Franklin Templeton in 1984
  • Managed Fund Since 2009
Tim Rankin, CFA

Tim Rankin, CFA®

  • Joined Franklin Templeton in 1997
  • Managed Fund Since 2010

Overall Morningstar Rating As of 06/30/2016

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 06/30/2016

Years Ratings Funds
in category
3
2 Stars
940
5
3 Stars
731
10
5 Stars
409

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We do not publish a style box for this fund.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 ability to invest up to 100% in foreign securities, we seek strong investment opportunities anywhere around the world.
  • A Record of Low Volatility.
  • Performance in All Types of Markets. Franklin Mutual Global Discovery Fund has 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.
  • 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.
  • 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. 
  • 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.

You need Adobe Acrobat Reader 6.0 or higher to view and print PDF documents. Download a free version from Adobe's website.