Description

The Franklin Mutual Shares Fund primarily allocates its capital to equity securities issued by both U.S. and international companies, specifically targeting those the investment team identifies as trading below their intrinsic value, determined by specific, objective criteria. Beyond this core strategy, the fund also engages in merger arbitrage opportunities. Additionally, it invests in both the debt and equity of financially distressed businesses. A substantial portion of the fund's assets may be allocated to foreign securities, including holdings in sovereign debt issued by various governments abroad.