Franklin Mutual Quest Fund Class Z (MQIFX)

The Franklin Mutual Quest Fund Class Z primarily allocates its capital to equity instruments of companies, spanning both domestic and international markets. This includes direct holdings in common or preferred shares, as well as securities that can be converted into, or are expected to be exchanged for, such stock. The fund's investment approach centers on identifying businesses whose current market price is below their intrinsic value, as determined by objective and recognized financial metrics. It possesses the latitude to invest a significant portion of its assets, potentially up to 100%, in non-U.S. securities, including participations in foreign government debt.