Franklin Mutual Global Discovery Fund II

Investment Objective and Strategy

The fund seeks long-term capital appreciation by investing primarily in the equity and debt securities of issuers around the world.

Reasons to Invest

A flexible, go-anywhere strategy. Fund managers invest in the most attractive investment opportunities, unconstrained by region, market capitalization, sector or style box definition.

Bottom-up research process. Fund managers uncover undervalued stocks with viable catalysts that will change the way the market views their true worth.

Deep value investing. The fund employs a distinctive, three-pronged approach to investing that has withstood the test of time by uncovering opportunities in undervalued stocks, merger arbitrage and distressed securities.

Currency management. The fund typically engages in currency management strategies to hedge the exposure to the impact of changes in currency exchange rates.