Franklin Mutual European Fund

Franklin Templeton Investment Funds

Summary of Fund Objective

The Fund aims to achieve long-term capital appreciation by investing principally in equity securities of companies incorporated or having their principal activities in European countries that the investment manager believes are available at prices less than their intrinsic value. The Fund may also seek to invest in the securities of companies involved in mergers, consolidations, liquidations and reorganisations. To a lesser extent, the Fund may also purchase debt securities of companies involved in reorganisation or financial restructuring. The Fund may also invest up to 10% of its net assets in non-European securities.

A “Deep Value” style. The management team employs a bottom-up, deep value approach to investing that focuses on buying individual stocks at 60% of what they believe the company's net asset value is.

A unique three three-pronged approach to investing. This approach consists of value investing in common equities, deal arbitrage (buying companies in the process of being acquired in order to play the interest rate "spread" in the deal) and bankruptcy investing.

An experienced management team. Franklin Mutual Series' approach to investment management is team focused and includes an experienced and long-standing investment management team.

FUND MANAGERS

Katrina Dudley

  • New Jersey, United States
  • Years With Firm: 16
  • Years Of Experience: 21

Mandana Hormozi

  • New Jersey, United States
  • Years With Firm: 15
  • Years Of Experience: 28

What are the Key Risks?

The value of shares in the Fund and income received from it can go down as well as up and investors may not get back the full amount invested. Performance may also be affected by currency fluctuations. Currency fluctuations may affect the value of overseas investments.

  • The Fund invests mainly in equity and equity-related securities of companies located in or doing significant business in European countries. Such securities have historically been subject to significant price movements that may occur suddenly due to market or company-specific factors. As a result, the performance of the Fund can fluctuate considerably over time.
  • Other significant risks include: currency risk, derivatives risk, liquidity risk, Shanghai-Hong Kong Stock Connect risk.
For full details of all of the risks applicable to this Fund, please refer to the “Risk Considerations” section of the Fund in the current prospectus of Franklin Templeton Investment Funds.