LU0229944847
Franklin Mutual Global Discovery Fund
NAV
£36.10
NAV Change
£-0.13
Morningstar Overall Rating™
Overall Morningstar Rating
Rating Category: Global Large-Cap Value Equity

Morningstar Style Box
| Large | Size | |||
|---|---|---|---|---|
| Medium | ||||
| Small | ||||
| Value | Blend | Growth | ||
| Style | ||||
Historical Morningstar Ratings
| Years | 3 |
| Ratings | |
| Number of Funds In Category | 581 |
| Years | 5 |
| Ratings | |
| Number of Funds In Category | 455 |
| Years | 10 |
| Ratings | |
| Number of Funds In Category | 331 |
Overview
- Summary of Fund Objective
- Investor Profile
- Why Consider this Fund
- What Are The Key Risks?
- Sustainability-related Disclosures
Summary of Fund Objective
To seek investment growth, through growth of capital. The Fund mainly invests in equities of companies of large and medium market capitalisation (with at least $US1.5 billion in market capitalisation) anywhere in the world.
Investor Profile
- Seeking capital appreciation by investing in undervaluated companies worldwide.
- Planning to hold their investment for the medium to long term.
Why Consider this Fund
Capital growth investing. To ensure long-term capital growth, the Fund invests in equities and their equivalents throughout the world without restriction in terms of capitalization, sector or country.
Extracting value out of under-appreciated securities. As well as investing in undervalued securities, the Fund invests in risk arbitrage/company restructurings and distressed companies that show suitable risk-return parameters.
A ‘deep value’ investment approach. The Fund follows a ‘deep value’-style approach. Often the stocks bought are out of favor with investors, overlooked by the investment community or involve complicated restructuring stories.
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 securities of mid- and large-capitalisation companies worldwide. 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:
Foreign Currency risk: the risk of loss arising from exchange-rate fluctuations or due to exchange control regulations.
Derivative Instruments risk: the risk of loss in an instrument where a small change in the value of the underlying investment may have a larger impact on the value of such instrument. Derivatives may involve additional liquidity, credit and counterparty risks.
Liquidity risk: the risk that arises when adverse market conditions affect the ability to sell assets when necessary. Such risk may be triggered by (but not limited to) unexpected events such as environmental disasters or pandemics. Reduced liquidity may have a negative impact on the price of the assets.
For a full discussion of all the risks applicable to this Fund, please refer to the “Risk Considerations” section of the current prospectus of Franklin Templeton Investment Funds.
Sustainability-related Disclosures
The Fund promotes environmental and social characteristics in accordance with Article 8 of the Sustainable Finance Disclosure Regulation (the “SFDR”).
In its implementation of the Fund’s environmental, social and governance (“ESG”) strategy, the Investment Manager promotes reduced portfolio greenhouse gas intensity, avoids investment in issuers of certain controversial practices, and promotes gender diversity on company boards.
The Fund’s environmental or social characteristics are assessed both quantitatively and qualitatively, by means of sustainability indicators as well as of the Investment Manager’s proprietary research and engagement process further described in the Website disclosure’s dedicated sections.
As part of its investment decision making process, the Fund’s ESG strategy also uses binding criteria for the selection of underlying assets and applies specific ESG exclusions.
Fund Information
Dividends & Yields
Sales Charges, Expenses & Fees
Identifiers
Portfolio Managers


Performance
- Discrete Annual Returns
- Cumulative Total Returns
- Average Annual Total Returns
- Calendar Year Returns
- Risk Measures
Discrete Annual Returns
Discrete Annual Returns
Month End As of 30/11/2025 | Currency | Nov-24 / Nov-25 | Nov-23 / Nov-24 | Nov-22 / Nov-23 | Nov-21 / Nov-22 | Nov-20 / Nov-21 | Nov-19 / Nov-20 | Nov-18 / Nov-19 | Nov-17 / Nov-18 | Nov-16 / Nov-17 | Nov-15 / Nov-16 | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (Ydis) GBP - Without Sales Charge (NAV) (%) | GBP | 8.65 | 10.66 | 5.92 | 9.92 | 18.67 | -10.45 | 7.53 | 0.79 | 4.45 | 24.92 | 25/10/2005 | ||
| Linked MSCI World Value Index-NR (%) | GBP | 7.42 | 24.10 | -2.91 | 13.47 | 19.57 | 13.14 | 12.97 | 6.24 | 14.13 | 24.28 | — |
Month End As of 30/11/2025 | Currency | Nov-24 / Nov-25 | Nov-23 / Nov-24 | Nov-22 / Nov-23 | Nov-21 / Nov-22 | Nov-20 / Nov-21 | Nov-19 / Nov-20 | Nov-18 / Nov-19 | Nov-17 / Nov-18 | Nov-16 / Nov-17 | Nov-15 / Nov-16 | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) EUR - Without Sales Charge (NAV) (%) | EUR | 2.95 | 14.89 | 6.06 | 8.69 | 24.51 | -14.79 | 12.08 | -0.05 | 0.55 | 3.48 | 25/10/2005 | ||
| A (acc) EUR-H2 - Without Sales Charge (NAV) (%) | EUR | 8.85 | 11.22 | 7.85 | 2.17 | 19.58 | -10.17 | 7.36 | -5.25 | 7.00 | 5.35 | 10/04/2007 | ||
| A (acc) USD - Without Sales Charge (NAV) (%) | USD | 12.89 | 11.70 | 10.90 | -0.27 | 18.45 | -7.77 | 9.13 | -5.02 | 13.00 | 3.75 | 25/10/2005 | ||
| A (Ydis) EUR - Without Sales Charge (NAV) (%) | EUR | 2.93 | 14.90 | 6.05 | 8.65 | 24.53 | -14.78 | 12.08 | -0.08 | 0.54 | 3.48 | 01/09/2006 |
Cumulative Total Returns
Cumulative Total Returns
2005
2025
Month End As of 30/11/2025 | Currency | YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 25/10/2005 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (Ydis) GBP - Without Sales Charge (NAV) (%) | GBP | 12.53 | 1.00 | 4.59 | 9.83 | 8.65 | 27.35 | 66.13 | 110.36 | 190.07 | 320.46 | |
| Linked MSCI World Value Index-NR (%) | GBP | 12.27 | 1.25 | 5.41 | 13.46 | 7.42 | 29.43 | 75.61 | 238.25 | 451.31 | 606.64 |
Month End As of 30/11/2025 | Currency | YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception |
| Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) EUR - Without Sales Charge (NAV) (%) | EUR | 6.25 | 1.12 | 3.31 | 5.63 | 2.95 | 25.45 | 69.77 | 68.61 | 176.65 | 224.79 | 25/10/2005 | ||
| A (acc) EUR-H2 - Without Sales Charge (NAV) (%) | EUR | 13.61 | 1.50 | 3.20 | 7.58 | 8.85 | 30.57 | 59.53 | 64.31 | 127.49 | 103.13 | 10/04/2007 | ||
| A (acc) USD - Without Sales Charge (NAV) (%) | USD | 19.02 | 1.80 | 2.47 | 7.93 | 12.89 | 39.85 | 65.20 | 85.14 | 147.31 | 211.61 | 25/10/2005 | ||
| A (Ydis) EUR - Without Sales Charge (NAV) (%) | EUR | 6.26 | 1.11 | 3.30 | 5.61 | 2.93 | 25.42 | 69.70 | 68.49 | 176.24 | 199.34 | 01/09/2006 |
Average Annual Total Returns
Average Annual Total Returns
Month End As of 30/11/2025 | Currency | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 25/10/2005 | |
|---|---|---|---|---|---|---|---|---|
| A (Ydis) GBP - Without Sales Charge (NAV) (%) | GBP | 8.65 | 8.39 | 10.69 | 7.72 | 7.36 | 7.41 | |
| Linked MSCI World Value Index-NR (%) | GBP | 7.42 | 8.98 | 11.92 | 12.96 | 12.05 | 10.22 |
Month End As of 30/11/2025 | Currency | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception |
| Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) EUR - Without Sales Charge (NAV) (%) | EUR | 2.95 | 7.85 | 11.17 | 5.36 | 7.02 | 6.04 | 25/10/2005 | ||
| A (acc) EUR-H2 - Without Sales Charge (NAV) (%) | EUR | 8.85 | 9.30 | 9.79 | 5.09 | 5.63 | 3.87 | 10/04/2007 | ||
| A (acc) USD - Without Sales Charge (NAV) (%) | USD | 12.89 | 11.82 | 10.56 | 6.35 | 6.22 | 5.82 | 25/10/2005 | ||
| A (Ydis) EUR - Without Sales Charge (NAV) (%) | EUR | 2.93 | 7.84 | 11.16 | 5.35 | 7.01 | 5.86 | 01/09/2006 |
Calendar Year Returns
Calendar Year Returns
Month End As of 30/11/2025 | Currency | YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | Performance Inception Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (Ydis) GBP - Without Sales Charge (NAV) (%) | GBP | 12.53 | 3.46 | 12.80 | 2.68 | 19.26 | -8.42 | 18.21 | -8.72 | 1.64 | 30.86 | -0.79 | 25/10/2005 | |
| Linked MSCI World Value Index-NR (%) | GBP | 12.27 | 13.46 | 5.22 | 5.26 | 23.07 | 13.79 | 22.74 | -3.04 | 11.80 | 28.24 | 4.87 | — |
Month End As of 30/11/2025 | Currency | YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | Performance Inception Date | Fund Overview | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A (acc) EUR - Without Sales Charge (NAV) (%) | EUR | 6.25 | 8.28 | 15.32 | -2.35 | 26.61 | -13.20 | 25.47 | -9.74 | -2.28 | 12.93 | 4.52 | 25/10/2005 | ||
| A (acc) EUR-H2 - Without Sales Charge (NAV) (%) | EUR | 13.61 | 3.06 | 15.92 | -6.56 | 20.03 | -8.07 | 20.33 | -14.11 | 4.94 | 11.79 | -2.84 | 10/04/2007 | ||
| A (acc) USD - Without Sales Charge (NAV) (%) | USD | 19.02 | 1.59 | 18.97 | -8.14 | 17.90 | -5.39 | 22.76 | -13.81 | 11.44 | 9.40 | -6.18 | 25/10/2005 | ||
| A (Ydis) EUR - Without Sales Charge (NAV) (%) | EUR | 6.26 | 8.25 | 15.31 | -2.38 | 26.62 | -13.19 | 25.41 | -9.73 | -2.25 | 12.93 | 4.48 | 01/09/2006 |
Risk Measures
Risk Measures
| Statistics | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Beta | 0.91 | 0.91 | 1.01 |
| Historical Tracking Error | 3.87 | 4.37 | 3.76 |
| Information Ratio | -0.27 | -0.28 | -0.67 |
| Standard Deviation (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| A (Ydis) GBP - Without Sales Charge (NAV) | 9.43 | 10.04 | 12.58 |
| MSCI World Value Index-NR | 9.57 | 9.91 | 11.67 |
| Sharpe Ratio (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| A (Ydis) GBP - Without Sales Charge (NAV) | 0.39 | 0.76 | 0.48 |
Portfolio
Assets
Positions
Portfolio Statistics
| Fund | Benchmark | |
|---|---|---|
| Price to Cash Flow | 8.91x | 11.23x |
| Price to Book | 1.91x | 2.55x |
| Price to Earnings (12-Month Trailing) | 16.85x | 18.80x |
Portfolio Allocations
- Assets
- Geography
- Sector
- Market Capitalization
Assets
Asset Allocation
Chart
| Fund | ||
|---|---|---|
| Undervalued Equities | 93.24% | |
| Special Situations | 4.74% | |
| Cash & Other Net Assets | 2.03% |
Geography
Geographic Allocation
Chart
| Fund | Benchmark | ||
|---|---|---|---|
| 44.03% | 75.41% | ||
| 37.06% | 16.23% | ||
| 15.21% | 6.50% | ||
| 1.67% | 1.58% | ||
| 2.03% | — |
Sector
Sector Allocation
Chart
| Fund | Benchmark | ||
|---|---|---|---|
| Banks | 9.36% | 12.81% | |
| Media & Entertainment | 9.17% | 9.14% | |
| Pharmaceuticals, Biotechnology & Life Sciences | 8.85% | 7.61% | |
| Health Care Equipment & Services | 8.73% | 3.96% | |
| Capital Goods | 8.68% | 7.64% | |
| Financial Services | 6.83% | 8.25% | |
| Energy | 5.90% | 6.26% | |
| Materials | 5.88% | 4.06% | |
| Food, Beverage & Tobacco | 5.57% | 4.59% | |
| Automobiles & Components | 4.09% | 1.62% | |
| Software & Services | 3.70% | 3.10% | |
| Consumer Discretionary Distribution & Retail | 2.15% | 2.07% | |
| Insurance | 2.11% | 5.15% | |
| Telecommunication Services | 2.07% | 2.18% | |
| Consumer Durables & Apparel | 2.06% | 0.98% | |
| Utilities | 2.01% | 4.64% | |
| Household & Personal Products | 1.81% | 1.78% | |
| Equity Real Estate Investment Trusts (REITs) | 1.64% | 2.50% | |
| Semiconductors & Semiconductor Equipment | 1.59% | 3.11% | |
| Transportation | 1.57% | 1.59% | |
| Technology Hardware & Equipment | 1.45% | 2.47% | |
| Consumer Staples Distribution & Retail | 1.38% | 1.67% | |
| Commercial & Professional Services | 1.36% | 1.31% | |
| Cash & Cash Equivalents | 2.03% | — |
Market Capitalization
Market Capitalisation Allocation
Chart
| Fund | ||
|---|---|---|
| 10.0-25.0 Billion | 11.16% | |
| 25.0-50.0 Billion | 21.39% | |
| >50.0 Billion | 67.45% |
Portfolio Holdings
- Holdings
- Top Ten Holdings
Holdings
Holdings
Top Ten Holdings
Top Issuers
Chart
| Fund | ||
|---|---|---|
| ALPHABET INC | 2.91% | |
| AERCAP HOLDINGS NV | 2.31% | |
| BNP PARIBAS SA | 2.28% | |
| NOVARTIS AG | 2.28% | |
| ROCHE HOLDING AG | 2.25% | |
| MEDTRONIC PLC | 2.19% | |
| MERCK & CO INC | 2.16% | |
| HALEON PLC | 2.16% | |
| SHELL PLC | 2.15% | |
| BP PLC | 2.14% |
Distributions & Tax
Distributions Per Share
| Share Class | Currency | Record Date | Ex-Distribution Date | Payable Date | NAV | Distribution Amount |
|---|---|---|---|---|---|---|
| A (Ydis) GBP | GBP | 30/06/2025 | 01/07/2025 | 08/07/2025 | £33.62 | £0.2680 |
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2011
- 2009
- 2008
- 2007
- 2006
- Since Inception
| Currency | Record Date | Ex-Distribution Date | Payable Date | NAV | Distribution Amount |
|---|---|---|---|---|---|
| GBP | 30/06/2025 | 01/07/2025 | 08/07/2025 | £33.62 | £0.2680 |
| GBP | 28/06/2024 | 01/07/2024 | 08/07/2024 | £32.16 | £0.2310 |
| GBP | 30/06/2023 | 03/07/2023 | 10/07/2023 | £29.50 | £0.1950 |
| GBP | 30/06/2022 | 01/07/2022 | 08/07/2022 | £27.27 | £0.3130 |
| GBP | 30/06/2021 | 01/07/2021 | 08/07/2021 | £26.79 | £0.2020 |
| GBP | 30/06/2020 | 01/07/2020 | 08/07/2020 | £20.92 | £0.3380 |
| GBP | 28/06/2019 | 01/07/2019 | 08/07/2019 | £25.50 | £0.1750 |
| GBP | 29/06/2018 | 02/07/2018 | 09/07/2018 | £24.09 | £0.2510 |
| GBP | 30/06/2017 | 03/07/2017 | 10/07/2017 | £25.11 | £0.1000 |
| GBP | 30/06/2016 | 01/07/2016 | 08/07/2016 | £20.38 | £0.1950 |
| GBP | 30/06/2015 | 01/07/2015 | 08/07/2015 | £19.47 | £0.1760 |
| GBP | 30/06/2014 | 01/07/2014 | 08/07/2014 | £18.61 | £0.1120 |
| GBP | 28/06/2013 | 01/07/2013 | 08/07/2013 | £17.52 | £0.0910 |
| GBP | 29/06/2012 | 02/07/2012 | 09/07/2012 | £14.16 | £0.1240 |
| GBP | 30/06/2011 | 01/07/2011 | 08/07/2011 | £15.64 | £0.0470 |
| GBP | 30/06/2009 | 01/07/2009 | 08/07/2009 | £11.68 | £0.0080 |
| GBP | 30/06/2008 | 01/07/2008 | 08/07/2008 | £10.70 | £0.1000 |
| GBP | 29/06/2007 | 02/07/2007 | 09/07/2007 | £12.13 | £0.0790 |
| GBP | 30/06/2006 | 03/07/2006 | 10/07/2006 | £10.70 | £0.1430 |
Pricing
Pricing History Chart
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
December 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
December 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
Chart
Share Prices
Highest / Lowest NAV
| Year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Highest NAV | £36.49 As on 12/11/2025 | £33.94 As on 25/11/2024 | £31.65 As on 28/12/2023 | £29.42 As on 02/06/2022 | £28.37 As on 12/11/2021 | £26.80 As on 17/01/2020 | £26.58 As on 30/07/2019 | £25.54 As on 28/08/2018 | £25.61 As on 20/06/2017 | £24.49 As on 27/12/2016 |
| Lowest NAV | £30.50 As on 08/04/2025 | £31.13 As on 17/01/2024 | £27.98 As on 17/03/2023 | £26.06 As on 07/03/2022 | £23.30 As on 29/01/2021 | £17.74 As on 23/03/2020 | £22.13 As on 03/01/2019 | £21.34 As on 24/12/2018 | £23.96 As on 18/04/2017 | £16.42 As on 11/02/2016 |
Historical Data - Daily Fund Prices
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
December 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
December 2025
| SuSunday | MoMonday | TuTuesday | WeWednesday | ThThursday | FrFriday | SaSaturday |
|---|---|---|---|---|---|---|
Historical Pricing Results From 10/11/2025 To 09/12/2025
| Date | NAV | NAV Change | NAV Change (%) |
|---|---|---|---|
| 09/12/2025 | £36.10 | £-0.13 | -0.36% |
| 08/12/2025 | £36.23 | £-0.08 | -0.22% |
| 05/12/2025 | £36.31 | £0.00 | 0.00% |
| 04/12/2025 | £36.31 | £0.14 | 0.39% |
| 03/12/2025 | £36.17 | £-0.06 | -0.17% |
| 02/12/2025 | £36.23 | £0.14 | 0.39% |
| 01/12/2025 | £36.09 | £-0.14 | -0.39% |
| 28/11/2025 | £36.23 | £0.11 | 0.30% |
| 27/11/2025 | £36.12 | £0.00 | 0.00% |
| 26/11/2025 | £36.12 | £0.00 | 0.00% |
| 25/11/2025 | £36.12 | £0.37 | 1.03% |
| 24/11/2025 | £35.75 | £0.03 | 0.08% |
| 21/11/2025 | £35.72 | £0.66 | 1.88% |
| 20/11/2025 | £35.06 | £-0.40 | -1.13% |
| 19/11/2025 | £35.46 | £0.09 | 0.25% |
| 18/11/2025 | £35.37 | £-0.08 | -0.23% |
| 17/11/2025 | £35.45 | £-0.42 | -1.17% |
| 14/11/2025 | £35.87 | £-0.08 | -0.22% |
| 13/11/2025 | £35.95 | £-0.54 | -1.48% |
| 12/11/2025 | £36.49 | £0.25 | 0.69% |
| 11/11/2025 | £36.24 | £0.43 | 1.20% |
| 10/11/2025 | £35.81 | £0.24 | 0.67% |
Documents
- Product Literature
- Regulatory Documents
Product Literature
Fact Sheet - Franklin Mutual Global Discovery Fund (A (Ydis) GBP)
Regulatory Documents
Key Information Document - Franklin Mutual Global Discovery Fund A (Ydis) GBP
Prospectus - Franklin Templeton Investment Funds (FTIF)
투자설명서 - Franklin Templeton Investment Funds (FTIF)
Annual Report (Abridged) - Franklin Templeton Investment Funds (FTIF)
Annual Report (full) - Franklin Templeton Investment Funds (FTIF)
Semi Annual Report (full) - Franklin Templeton Investment Funds (FTIF)
Semi-Annual Report (abridged) - Franklin Templeton Investment Funds (FTIF)
Articles of Incorporation - Franklin Templeton Investment Funds (FTIF)
