Franklin Mutual Global Discovery VIP 1 |
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Release date as of 2024-08-31. Data on page is subject to change. |
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Overall Morningstar Rating™
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What is this?
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As of 2024-08-31 |
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Out of 142 Global Large-Stock Value Funds
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Total Fund Assets ($ Mil) |
440.28 |
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Investment Objective & Strategy |
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The investment seeks capital appreciation.
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The fund invests primarily in equity securities (including securities convertible into, or that the investment manager expects to be exchanged for, common or preferred stock) of U.S. and foreign companies that the investment manager believes are available at market prices less than their value based on certain recognized or objective criteria (fundamental value). Following this value-oriented strategy, the fund invests primarily in undervalued securities. The advisor presently does not intend to invest more than a portion (no more than 25%) of its assets in securities of issuers located in emerging market countries. |
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Morningstar Category: Global Large-Stock Value |
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Global large-stock value portfolios invest in a variety of international stocks and typically skew towards large caps that are less expensive or growing more slowly than other global large-cap stocks. World large stock value portfolios have few geographical limitations. It is common for these portfolios to invest the majority of their assets in developed markets, with the remainder divided among the globe’s emerging markets. These portfolios are not significantly overweight U.S. equity exposure relative to the Morningstar Global Market Index and maintain at least a 20% absolute U.S. exposure.
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There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund. |
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% of Net Assets |
![Bullet U.S. Stocks](im/Bullet_USStocks.png) |
U.S. Stocks |
45.5 |
![Bullet Non-U.S. Stocks](im/Bullet_NonUSStocks.png) |
Non-U.S. Stocks |
51.3 |
![Bullet Bonds](im/Bullet_Bonds.png) |
Bonds |
3.0 |
![Bullet Cash](im/Bullet_Cash.png) |
Cash |
0.2 |
![Bullet Other](im/Bullet_Other.png) |
Other |
0.0 |
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![Asset Allocation Rescaled Graph](//bpcharts-na.morningstar.com/chart?cht=p&chof=p&chpd=90&chs=140x140&chco=3E527D|9B0033|E96610|9FAA00|9CB0C9&chd=t:45.5,51.3,3.0,0.2,0.0) |
Data through 2024-07-31 |
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Morningstar Equity Sectors |
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% of Stocks |
![](im/EqSectors/Cyclical.gif) |
Cyclical |
33.97 |
![](im/EqSectors/BasicMaterials.gif) |
Basic Materials |
4.15 |
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Consumer Cyclical |
9.45 |
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Financial Services |
18.25 |
![](im/EqSectors/RealEstate.gif) |
Real Estate |
2.12 |
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Sensitive |
35.99 |
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Communication Services |
8.19 |
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Energy |
7.49 |
![](im/EqSectors/Industrials.gif) |
Industrials |
13.94 |
![](im/EqSectors/Technology.gif) |
Technology |
6.37 |
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Defensive |
30.03 |
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Consumer Defensive |
10.37 |
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Healthcare |
19.66 |
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Utilities |
0.00 |
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Data through 2024-07-31 |
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Morningstar World Regions |
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% Fund |
Americas |
47.0 |
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North America |
47.0 |
Latin America |
0.0 |
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Greater Europe |
41.3 |
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United Kingdom |
16.6 |
Europe Developed |
24.7 |
Europe Emerging |
0.0 |
Africa/Middle East |
0.0 |
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Greater Asia |
11.7 |
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Japan |
6.1 |
Australasia |
0.0 |
Asia Developed |
4.1 |
Asia Emerging |
1.6 |
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Data through 2024-07-31 |
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Total Number of Stock Holdings |
57 |
Total Number of Bond Holdings |
10 |
% of Net Assets in Top 10 Holdings |
22.82 |
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Turnover % |
(as of 2023-12-31) |
34.68 |
30 Day SEC Yield % |
2.15 |
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Sector |
Country |
% of Net Assets
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Charter Communications Inc Class A |
![](im/EqSectors/CommunicationServices.gif) |
United States |
2.52 |
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Elevance Health Inc |
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United States |
2.36 |
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Roche Holding AG |
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Switzerland |
2.36 |
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Schlumberger Ltd |
![](im/EqSectors/Energy.gif) |
United States |
2.33 |
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Deutsche Telekom AG |
![](im/EqSectors/CommunicationServices.gif) |
Germany |
2.30 |
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BP PLC |
![](im/EqSectors/Energy.gif) |
United Kingdom |
2.30 |
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AerCap Holdings NV |
![](im/EqSectors/Industrials.gif) |
United States |
2.20 |
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Everest Group Ltd |
![](im/EqSectors/FinancialServices.gif) |
United States |
2.19 |
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NN Group NV |
![](im/EqSectors/FinancialServices.gif) |
Netherlands |
2.13 |
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BNP Paribas Act. Cat.A |
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France |
2.13 |
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Event-Driven Investment/Arbitrage Strategies, Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, Value Investing, Active Management, Market/Market Volatility, Other, Derivatives, Socially Conscious, Portfolio Diversification, Small Cap, Mid-Cap |
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Show Risk Definitions |
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Inception Date: 1996-11-08 |
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Christian Correa (2018-01-01) |
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Christian Correa, CFA is a portfolio manager and director of research for Franklin Mutual Series. Mr. Correa has been a lead or co-lead portfolio manager of the Franklin Mutual Beacon Fund since 2007 and co-lead portfolio manager of the Franklin Mutual Global Discovery Fund since 2018. Prior to joining Franklin Mutual Series in 2003, he worked at Lehman Brothers Holdings Inc. He has more than a decade of investment experience. He holds a B.A. from Claremont McKenna College, an M.A. (economics) from Northwestern Univ. and is a graduate of Harvard Law School. |
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Timothy Rankin (2010-12-31) |
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Rankin, CFA, has been a co-lead portfolio manager for the Franklin Mutual since January 2018. He is a Portfolio Manager at Franklin Templeton Investments. With 17 years of investment management experience, Rankin first started at Franklin in 1997 as a Research Analyst and became Assistant Portfolio Manager in 2001. In 2004, he left to serve as Managing Director at Blue Harbour Group, LLC before re-joining Franklin in 2010. Prior to his original employment with the Mutual Series Funds, Rankin was an Equity Analyst at Glickenhaus & Co. |
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Franklin Mutual Advisers, LLC |
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Franklin Templeton Investments |
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![](im/MstarLogoRed3.gif) © Copyright 2024 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance. |
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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.
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