# For Professional Client Use Only. Not for distribution to Retail Clients.
Fund Overview	
Base Currency for Fund	USD
Total Net Assets (USD)	280 million
Performance	

## Past performance does not predict future returns.
Performance over 5 Years in Share Class Currency (%)
	Franklin Mutual U.S. Value Fund A (acc) EUR	Linked Russell 1000 Value Index-NR
Fund Inception Date	07.07.1997
Number of Issuers	57
Benchmark	Linked Russell 1000 Value Index-NR, Russell 1000
Value Index-NR
Morningstar Category™	US Large-Cap Value Equity
Summary of Investment Objective	
The Fund aims to achieve long-term capital appreciation by investing principally in US equity and convertible debt securities. The Fund may also seek to invest in the securities of companies involved in mergers, consolidations, liquidations and reorganisations.
Fund Management	
Christian Correa, CFA: United States Grace Hoefig: United States
Asset Allocation	
Russell 1000 Value Index-NR
220
200
180
160
140
120
100
80 03/18	09/18	03/19	09/19	03/20	09/20	03/21	09/21	03/22	09/22  03/23
Discrete Annual Performance in Share Class Currency (%)	
03/22  03/21  03/20  03/19  03/18  03/17  03/16  03/15  03/14  03/13
	03/23  03/22  03/21  03/20  03/19  03/18  03/17  03/16  03/15  03/14
| A (acc) EUR | -7,36 11,40 45,66 -22,86 11,10 -13,77 26,69 -12,27 37,53 | 10,60 |
| --- | --- | --- |
| Linked Russell 1000 Value Index-NR in EUR | -4,30 17,27 55,95 -4,81 19,93 -0,87 24,84 -4,07 44,67 | 13,53 |
| Russell 1000 Value Index-NR in EUR | -4,30 17,27 44,67 -15,90 14,87 -7,66 26,08 -7,90 39,33 | 12,48 |

Performance in Share Class Currency (%)	
Cumulative	Annualised
Since	Since
%	
	1 Mth  3 Mths  6 Mths	1 Yr	3 Yrs	5 Yrs  Incept  3 Yrs	5 Yrs  Incept
A (acc) EUR	-7,77	-1,69	1,64	-7,36  50,32  28,84 104,82	14,56	5,20	3,43
Linked Russell 1000 Value Index-NR in EUR
Russell 1000 Value Index-NR in EUR
-2,90	-0,95	2,03	-4,30  75,01  99,81 362,23	20,53  14,85	7,47
-2,90	-0,95	2,03	-4,30  62,36  56,84	N/A	17,55	9,42	N/A
Category Average	-3,75	-0,81	2,14	-4,13  63,66  56,09 196,98	17,85	9,31	5,26
Calendar Year Performance in Share Class Currency (%)	
|  | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A (acc) EUR | -4,20 | 28,60 | -14,17 | 24,45 | -6,45 | -6,42 | 18,78 | 5,61 | 22,11 | 22,10 |
| Linked Russell 1000 Value Index-NR in EUR | -2,13 | 33,87 | 10,93 | 33,91 | 0,44 | 7,01 | 15,31 | 12,93 | 29,46 | 26,67 |
| Russell 1000 Value Index-NR in EUR | -2,13 | 33,87 | -6,42 | 27,87 | -4,35 | -0,88 | 19,92 | 6,35 | 28,31 | 25,92 |

The fund’s returns may increase or decrease as a result of changes to foreign exchange rates.
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. All performance data shown is in the currency stated, include reinvested dividends and are net of management fees. Sales charges and other commissions, taxes and other relevant costs paid by the investor are not included in the calculations. The fund offers other share classes subject to different fees and expenses, which will affect their performance.
| Top Ten Holdings  (% of Total) |  |  | Fund Measures |  |
| --- | --- | --- | --- | --- |
| Issuer Name JPMORGAN CHASE & CO | 2,97 |  | Price to Earnings (12-mo Trailing) | 16,87x |
| FISERV INC | 2,87 |  | Price to Book | 1,91x |
| META PLATFORMS INC | 2,83 |  | Price to Cash Flow | 8,33x |
| KRAFT HEINZ CO/THE | 2,69 |  | Dividend Yield | 1,87% |
| SCHLUMBERGER NV | 2,69 |  | Standard Deviation (5 Yrs) | 18,96% |
| WILLIS TOWERS WATSON PLC | 2,66 |  | Sharpe Ratio (5 Yrs) | 0,29 |
| ORACLE CORP | 2,65 |  | Tracking Error (5 Yrs) | 4,21% |
| ACTIVISION BLIZZARD INC | 2,61 |  | Information Ratio (5 Yrs) | -1,02 |
| CVS HEALTH CORP | 2,60 |  | Beta (5 Yrs) | 1,05 |
| T-MOBILE US INC | 2,57 |  |  |  |

Share Class Information (For a full list of available share classes, please visit your local website)
Fees	Dividends	Fund Identifiers	
|  | TER (%) | Max. Annual |  | Last Paid |  |
| --- | --- | --- | --- | --- | --- |
| Share Class | Incept Date | NAV | 28.02.2023 | Charge (%) | Last Paid Date | Amount | Bloomberg ID | ISIN | SEDOL |

 A (acc) EUR	31.12.2001	EUR 83,32	1,83 	1,50		N/A	N/A	 TEMAMAE LX	LU0140362707	7338867	
The charges are the fees the fund charges to investors to cover the costs of running the Fund. Additional costs, including transaction fees, will also be incurred. These costs are paid out by the Fund, which will impact on the overall return of the Fund.
Fund charges will be incurred in multiple currencies, meaning that payments may increase or decrease as a result of currency exchange fluctuations.
| Tel | Fax | E-mail | Web |
| --- | --- | --- | --- |
| +46 (0) 8 545 01230 | +46 (0) 8 545 01239 | nordicinfo@franklintempleton.com | www.franklintempletonnordic.com |

Translation (ENDE, 2023-03-31):
# Nur für professionelle Kunden/Nicht zur öffentlichen Verbreitung.
Fondsinformationen	
Fondswährung	USD
Fondsvolumen (USD)	280 Mio.
Auflegungsdatum des Fonds	07.07.1997
Anzahl der Emittenten	57
Vgl. Index	Linked Russell 1000 Value Index-NR, Russell 1000
Value Index-NR
Morningstar Kategorie™	Aktien USA Standardwerte
Value
Zusammenfassung der Anlageziele	
Anlageziel des Fonds ist langfristiger Kapitalzuwachs durch überwiegende Investition in US-Aktien und Wandelschuldverschreibungen. Der Fonds kann auch in Wertpapiere von Unternehmen in einer Fusions-, Konsolidierungs-, Liquidations- oder Umstrukturierungssituation investieren.
Fondsmanagement	
Christian Correa, CFA: Vereinigte Staaten Grace Hoefig: Vereinigte Staaten
Portfolioaufteilung	
%
Wertentwicklung	
Die Wertentwicklung der Vergangenheit ist kein Indikator für die zukünftigen Renditen.
Wertentwicklung über 5 Jahre in Währung der Anteilsklasse (%)
Franklin Mutual U.S. Value Fund I (acc) USD	Linked Russell 1000 Value Index-NR Russell 1000 Value Index-NR
200
180
160
140
120
100
80
60 03/18	09/18	03/19	09/19	03/20	09/20	03/21	09/21	03/22	09/22  03/23
Wertentwicklung über 10 Jahre in Währung der Anteilsklasse (%)	
|  | 03/13 | 03/14 | 03/15 | 03/16 | 03/17 | 03/18 | 03/19 | 03/20 | 03/21 | 03/22 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 03/14 | 03/15 | 03/16 | 03/17 | 03/18 | 03/19 | 03/20 | 03/21 | 03/22 | 03/23 |
| I (acc) USD | 19,83 | 8,25 | -6,32 | 19,74 | 0,32 | 2,13 | -23,51 | 56,27 | 6,06 | -8,39 |
| A (acc) EUR | 4,79 | 37,53 | -12,27 | 26,69 | -13,77 | 11,10 | -22,86 | 45,66 | 11,40 | -7,36 |
| A (acc) EUR-H1 | 12,50 | 7,79 | -7,45 | 17,28 | -3,17 | -1,50 | -26,25 | 53,41 | 3,89 | -12,85 |
| A (acc) USD | 12,59 | 7,34 | -7,14 | 18,75 | -0,53 | 1,28 | -24,19 | 54,96 | 5,12 | -9,16 |
| A (Ydis) USD | 12,58 | 7,35 | -7,16 | 18,73 | -0,52 | 1,28 | -24,20 | 54,98 | 5,11 | -9,15 |
| I (acc) EUR | 11,51 | 38,75 | -11,54 | 27,85 | -13,06 | 12,01 | -22,18 | 47,04 | 12,44 | -6,54 |
| I (acc) EUR-H1 | 19,62 | 8,83 | -7,61 | 18,43 | -2,51 | -0,74 | -25,60 | 54,65 | 4,70 | -12,10 |
| Linked Russell 1000 Value Index-NR in USD | 21,86 | 12,73 | 1,78 | 17,17 | 13,99 | 9,50 | -6,98 | 67,04 | 11,02 | -6,55 |
| Russell 1000 Value Index-NR in USD | 20,73 | 8,57 | -2,28 | 18,34 | 6,19 | 4,88 | -17,82 | 54,96 | 11,02 | -6,55 |
| Linked Russell 1000 Value Index-NR in EUR | 13,53 | 44,67 | -4,07 | 24,84 | -0,87 | 19,93 | -4,81 | 55,95 | 17,27 | -4,30 |
| Russell 1000 Value Index-NR in EUR | 12,48 | 39,33 | -7,90 | 26,08 | -7,65 | 14,87 | -15,90 | 44,67 | 17,27 | -4,30 |

Wertentwicklung in Währung der Anteilsklasse (%)	
Kumuliert	Jährlich
3
Monate
6
Monate
Lfd.
Jahr  1 Jahr 3 Jahre 5 Jahre
Seit
Aufl.  3 Jahre 5 Jahre Seit Aufl.
| I (acc) USD | -0,19 | 12,98 | -0,19 | -8,39 | 51,83 | 18,62 | 166,33 | 14,95 | 3,47 | 5,41 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| A (acc) EUR | -1,69 | 1,64 | -1,69 | -7,36 | 50,32 | 28,84 | 104,82 | 14,56 | 5,20 | 3,43 |
| A (acc) EUR-H1 | -1,02 | 10,58 | -1,02 | -12,85 | 38,90 | 0,90 | 22,25 | 11,58 | 0,18 | 1,27 |
| A (acc) USD | -0,38 | 12,48 | -0,38 | -9,16 | 47,97 | 13,62 | 282,04 | 13,96 | 2,59 | 5,35 |
| A (Ydis) USD | -0,38 | 12,50 | -0,38 | -9,15 | 47,99 | 13,62 | 109,96 | 13,97 | 2,59 | 4,14 |
| I (acc) EUR | -1,48 | 2,12 | -1,48 | -6,54 | 54,53 | 34,70 | 141,11 | 15,62 | 6,14 | 5,45 |
| I (acc) EUR-H1 | -0,77 | 11,06 | -0,77 | -12,10 | 42,31 | 5,10 | 44,47 | 12,49 | 1,00 | 2,39 |
| Linked Russell 1000 Value Index-NR in USD | 0,83 | 13,16 | 0,83 | -6,55 | 73,29 | 76,51 | 460,25 | 20,13 | 12,04 | 9,72 |
| Russell 1000 Value Index-NR in USD | 0,83 | 13,16 | 0,83 | -6,55 | 60,76 | 38,56 | 253,23 | 17,16 | 6,74 | 7,03 |
| Linked Russell 1000 Value Index-NR in EUR | -0,95 | 2,03 | -0,95 | -4,30 | 75,01 | 99,81 | 526,69 | 20,53 | 14,85 | 10,38 |
| Russell 1000 Value Index-NR in EUR | -0,95 | 2,03 | -0,95 | -4,30 | 62,36 | 56,84 | 295,13 | 17,55 | 9,42 | 7,68 |

Wertentwicklung nach BVI-Methode in der jeweiligen Währung der Anteilsklasse. Berechnungsbasis: Nettoinventarwert, ohne Ausgabeaufschläge oder sonstige mit dem Kauf/Verkauf verbundene Depot- oder Transaktionskosten bzw. Steuern, die sich bei Berücksichtigung negativ auf die Wertentwicklung auswirken könnten. Ausschüttungen wieder angelegt. In der tabellarischen Wertenwicklung über 10 Jahre wurden für A-Anteilsklassen bereits Ausgabeaufschläge berücksichtigt. Die ausgewiesenen Ausgabeaufschläge entnehmen Sie bitte dem Verkaufsprospekt. Für
I-Anteilsklassen fallen keine Ausgabeaufschläge an. Bitte entnehmen Sie die tatsächlich anfallenden Kosten dem jeweiligen Preisverzeichnis der ausführenden/depotführenden Stelle. Angaben zum Index (“Benchmark”) wurden lediglich zu Vergleichszwecken aufgeführt.
| Die zehn größten Werte  (in % des Fondsvolumens) |  |  | Fondsmerkmale |  |
| --- | --- | --- | --- | --- |
| Emittent JPMORGAN CHASE & CO | 2,97 |  | Kurs-Gewinn-Verhältnis (letzte zwölf Monate) | 16,87x |
| FISERV INC | 2,87 |  | Kurs- / Buchwert | 1,91x |
| META PLATFORMS INC | 2,83 |  | Kurs- / Cashflow | 8,33x |
| KRAFT HEINZ CO/THE | 2,69 |  | Dividendenrendite | 1,87% |
| SCHLUMBERGER NV | 2,69 |  | Standardabweichung (5 Jahre) | 19,94% |
| WILLIS TOWERS WATSON PLC | 2,66 |  | Sharpe Ratio (5 Jahre) | 0,10 |
| ORACLE CORP | 2,65 |  | Tracking Error (5 Jahre) | 4,26% |
| ACTIVISION BLIZZARD INC | 2,61 |  | Information Ratio (5 Jahre) | -0,77 |
| CVS HEALTH CORP | 2,60 |  | Beta (5 Jahre) | 1,05 |
| T-MOBILE US INC | 2,57 |  |  |  |
|  |  |  |  |  |

| Tel. | Fax | E-Mail | Internet |
| --- | --- | --- | --- |
| 08 00/29 59 11 | +49(0)69/2 72 23-120 | info@franklintempleton.at | www.franklintempleton.at |