Not FDIC Insured | No Bank Guarantee | May Lose Value
Our process of finding underappreciated and misunderstood companies with identifiable catalysts to unlock shareholder value may provide meaningful upside potential and possible downside risk management during turbulent periods. While unnerving, volatility remains an inherent part of investing in risk assets, and the market historically rewards investors who take an opportunistic long-term perspective.
Fund Details
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Inception Date |
06/29/1962 |
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Benchmark |
Linked MSCI World Value Index-NR, MSCI World Value Index-NR |
Fund Description
The fund seeks capital appreciation with income as a secondary goal. The fund focuses mainly on undervalued mid- and large-cap equity securities with a significant portion of its assets in foreign securities and, to a lesser extent, merger arbitrage securities and securities of distressed companies.
Investment Team
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Aman Gupta, CFA Years with Firm 14 Years Experience 22 |
Mandana Hormozi Years with Firm 20 Years Experience 33 |
The Linked MSCI World Value Index-NR reflects the performance of MSCI World Index from fund inception through 12/31/1974 and MSCI World Value Index-NR thereafter. Periods shorter than one year are shown as cumulative total returns.
What Are The Risks?
All investments involve risks, including possible loss of principal. The investment style may become out of favor, which may have a negative impact on performance. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. Small- and mid-cap stocks involve greater risks and volatility than large- cap stocks. 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. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. The manager may consider environmental, social and governance (‘ESG’) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Important Information
The information provided is not a complete analysis of every material fact regarding any country, market, industry, security or fund. Because market and economic conditions are subject to change, comments, opinions and analyses are rendered as of the date of this material and may change without notice. A portfolio manager’s assessment of a particular security, investment or strategy is not intended as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy; it is intended only to provide insight into the fund’s portfolio selection process. Holdings are subject to change.
Before investing, carefully consider a fund’s investment objectives, risks, charges and expenses. You can find this and other information in each prospectus, or summary prospectus, if available, at www.franklintempleton.com. Please read it carefully.
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Source: FactSet. Important data provider notices and terms available at www.franklintempletondatasources.com.
a. The total annual operating expenses are as of the fund’s prospectus available at the time of publication. Actual expenses may be higher and may impact portfolio returns.
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