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Franklin Mutual Global Discovery Fund - R6
Sep 05 2018 Distribution Date Change from September to October - Read More
Franklin Mutual Global Discovery Fund has changed its September distribution date from early September to early October. This change will allow the fund to more accurately capture necessary distribution data. The fund will also continue to make distributions in December. For more information, please contact your financial advisor or Franklin Templeton Shareholder Services.
FMDRX
Franklin Mutual Global Discovery Fund
Share Class Z
Semiannually
$15,143.3 (M)
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.
"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
Tim Rankin, CFA®
Christian Correa, CFA®
Rating Category: World Large Stock
Historical Morningstar Rating [further-information]
The Morningstar Rating™ for this share class is based on Morningstar's extended performance calculation. This means that, for a share class that doesn't have a 1-, 3-, 5-, or 10-year performance history, the rating shown is a hypothetical Morningstar Rating based first on the oldest active surviving share class of the fund and then any dormant or liquidated share classes. If more than one share class has the earliest inception date, Morningstar selects the share class that is freely available to investors, that is not currency-hedged, and has the lowest fee.
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.
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
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. To the extent that the fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, the fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments.
Financial services companies are subject to extensive government regulation that may affect their profitability in many ways, including by limiting the amount and types of loans and other commitments they can make, and the interest rates and fees they can charge.
Because the fund may invest its assets in companies in a specific region, including Europe, 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.
Current political and financial uncertainty surrounding the European Union may increase market volatility and the economic risk of investing in companies in Europe.
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.
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.
Most Franklin Templeton funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance. In general, Class A/A1 have a maximum initial sales charge; Class C/C1 shares have a 1% contingent deferred sales charge; Class Z, Advisor Class and Class R6 shares have no sales charges nor Rule 12b-1 fees; Class R shares have no sales charges, but do have a Rule 12b-1 fee.
Class R6 shares are only offered to certain eligible investors as stated in the prospectus. They are offered without sales charges or Rule 12b-1 fees.
For more information on any of our funds, contact your financial advisor or download a prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
Percentage of the fund's returns explained by movements in the MSCI All Country World Index. 100 equals perfect correlation to the index. Based on the 3-year period ended as of the date of the calculation.
Source: Morningstar®. The style box reveals a fund's investment style. The vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend, or growth). Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.
Effective May 1, 2013, the fund began offering Class R6 shares. Performance quotations have been calculated as follows: (a) for periods prior to May 1, 2013, a restated figure is used based on the fund's Advisor Class/Class Z performance, adjusted to take into account differences in class specific operating expenses and (b) for periods after May 1, 2013, actual Class R6 performance is used, reflecting all charges and fees applicable to that class.
A measure of the fund's volatility relative to the market, as represented by the MSCI World Index. A beta greater than 1.00 indicates volatility greater than the market. Based on the 3-year period ended as of the date of the calculation.
The fund has a transfer agency fee reduction contractually guaranteed through 4/30/2020. Fund investment results reflect the fee reduction; without this reduction, the results would have been lower. Please see the prospectus for additional information.
Indices are unmanaged and one cannot invest directly in them. Index returns do not reflect any fees, expenses or sales charges.