# EDGAR Filing Document

**Accession Number:** 0000825063
**File Stem:** 0002071691-26-003969
**Filing Date:** 2026-2
**Character Count:** 30544
**Document Hash:** 3fcd9b8b44822d4054c56fa6d720278c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-003969.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0002071691-26-003969

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN MUTUAL SERIES FUNDS
- **CENTRAL INDEX KEY:** 0000825063

**ORGANIZATION NAME:**
- **EIN:** 222894171
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05387
- **FILM NUMBER:** 26675115

**BUSINESS ADDRESS:**
- **STREET 1:** 101 JOHN F KENNEDY PARKWAY
- **CITY:** SHORT HILLS
- **STATE:** NJ
- **ZIP:** 07078
- **BUSINESS PHONE:** 973-912-2000

**MAIL ADDRESS:**
- **STREET 1:** 101 JOHN F KENNEDY PARKWAY
- **CITY:** SHORT HILLS
- **STATE:** NJ
- **ZIP:** 07078

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN MUTUAL SERIES FUND INC
- **DATE OF NAME CHANGE:** 19970227

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MUTUAL SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### FRANKLIN MUTUAL GLOBAL DISCOVERY FUND (Series ID: S000007861)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000021377 | CLASS A      | TEDIX           |
| C000021379 | CLASS C      | TEDSX           |
| C000021380 | CLASS Z      | MDISX           |
| C000021381 | CLASS R      | TEDRX           |
| C000128728 | Class R6     | FMDRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Franklin Mutual Series Funds

- **b. Investment Company Act file number:** 811-05387

- **c. CIK number of Registrant:** 0000825063

- **d. LEI of Registrant:** 549300DW3N5FG4OTT022

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 101 John F. Kennedy Parkway

  - **City:** Short Hills

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07078-2791

  - **Telephone number:** 973-912-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Franklin Mutual Global Discovery Fund

- **b. EDGAR series identifier (if any):** S000007861

- **c. LEI of Series:** MCWMYIJMNSM9HLUJFK91

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $9482003538.20

**Total Liabilities:** $9327973.93

**Net Assets:** $9472675564.27

**Cash Not Reported:** $8197483.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021377 | -0.53%               | 1.93%                | 2.68%                |
| Class ID C000021379 | -0.62%               | 1.86%                | 2.63%                |
| Class ID C000021380 | -0.54%               | 1.95%                | 2.72%                |
| Class ID C000021381 | -0.58%               | 1.91%                | 2.68%                |
| Class ID C000128728 | -0.54%               | 1.98%                | 2.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14983271.84             | $-64374293.35                              |
| Month 2  | $165304828.62            | $6855090.40                                |
| Month 3  | $89977636.75             | $150246682.95                              |

### Schedule of Portfolio Investments

| Name                                                     | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adobe, Inc.                                              | Adobe, Inc.                                                         | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |    468948 | NS      | $164127110.52 | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                           | Alphabet, Inc., Class A                                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    821600 | NS      | $257160800.00 | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco plc                             | British American Tobacco plc                                        | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |   3361093 | NS      | $190542563.84 | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp.                                     | American Tower Corp.                                                | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    814991 | NS      | $143087969.87 | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                                    | Elevance Health, Inc.                                               | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    463064 | NS      | $162327085.20 | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                    | Bank of America Corp.                                               | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   3474792 | NS      | $191113560.00 | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential plc                                           | Prudential plc                                                      | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |  11658892 | NS      | $179349642.30 | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Rio Tinto plc                                            | Rio Tinto plc                                                       | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |   1656570 | NS      | $133438443.13 | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| BP plc                                                   | BP plc                                                              | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |  27766456 | NS      | $161932968.82 | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock, Inc.                                          | BlackRock, Inc.                                                     | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |    139612 | NS      | $149432308.08 | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                                         | CVS Health Corp.                                                    | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |   1834131 | NS      | $145556636.16 | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                              | Capital One Financial Corp.                                         | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    664026 | NS      | $160933341.36 | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                             | Charter Communications, Inc., Class A                               | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |    577623 | NS      | $120578801.25 | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co. (The)                                    | Walt Disney Co. (The)                                               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |   1487531 | NS      | $169236401.87 | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.                                      | EOG Resources, Inc.                                                 | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |   1288197 | NS      | $135273566.97 | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                     | Meta Platforms, Inc., Class A                                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    222238 | NS      | $146697081.42 | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises, Inc.                               | Ferguson Enterprises, Inc.                                          | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |    545947 | NS      | $121544180.61 | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                                             | Fiserv, Inc.                                                        | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |   1357493 | NS      | $91182804.81  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments, Inc.                                    | Global Payments, Inc.                                               | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |   1228463 | NS      | $95083036.20  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                                | Airbus SE                                                           | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |    848646 | NS      | $197075957.46 | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                                             | Capgemini SE                                                        | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |   1125622 | NS      | $186907545.63 | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius SE & Co. KGaA                                  | Fresenius SE & Co. KGaA                                             | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |   2434938 | NS      | $139501980.24 | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund | Franklin Institutional U.S. Government Money Market Fund            | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        | 165652314 | NS      | $165652313.51 | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                                  | International Paper Co.                                             | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |   4181111 | NS      | $164693962.29 | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                     | JPMorgan Chase & Co.                                                | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    388287 | NS      | $125113837.14 | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                                                  | BASF SE                                                             | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |   3241767 | NS      | $170577248.59 | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                | Michaels Cos., Inc. (The)                                           | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |  25782000 | PA      | $23834322.01  | 0.25%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Siemens AG                                               | Siemens AG                                                          | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |    372371 | NS      | $104292401.31 | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                         | Deutsche Bank AG                                                    | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |   4319200 | NS      | $166458240.34 | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                      | Deutsche Telekom AG                                                 | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |   5933402 | NS      | $193138501.25 | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck & Co., Inc.                                        | Merck & Co., Inc.                                                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |   1856906 | NS      | $195457925.56 | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                             | Mondelez International, Inc., Class A                               | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |   2829383 | NS      | $152305686.89 | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd.                                  | DBS Group Holdings Ltd.                                             | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |   3459649 | NS      | $151548729.63 | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Pan Pacific International Holdings Corp.                 | Pan Pacific International Holdings Corp.                            | CUSIP: N/A<br>LEI: 529900QLHJM2E18A5763       | Long             | EC               | CORP              | JP        |  23755922 | NS      | $141511751.19 | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                   | Neptune Bidco US, Inc.                                              | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |  20484000 | PA      | $21014760.92  | 0.22%             | 2031-05-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                | Michaels Cos., Inc. (The), First Lien, CME Term Loan, B             | CUSIP: 59408UAB3<br>LEI: 549300H9LWMBP7HYLR98 | Long             | LON              | CORP              | US        |  48181012 | PA      | $46703782.42  | 0.49%             | 2028-04-17      | Variable      | 8.18%                 | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                          | CoreLogic, Inc., First Lien, Initial CME Term Loan                  | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |  39728854 | PA      | $39819038.22  | 0.42%             | 2028-06-02      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Electric Corp.                                | Mitsubishi Electric Corp.                                           | CUSIP: N/A<br>LEI: 549300TRXM9Y6561AX39       | Long             | EC               | CORP              | JP        |   4251217 | NS      | $123952122.94 | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Renesas Electronics Corp.                                | Renesas Electronics Corp.                                           | CUSIP: N/A<br>LEI: 5299000EPC47VJQOFB81       | Long             | EC               | CORP              | JP        |  10873519 | NS      | $148932985.93 | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Denso Corp.                                              | Denso Corp.                                                         | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               | CORP              | JP        |   7220573 | NS      | $99731402.95  | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                              | Novartis AG                                                         | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |   1593094 | NS      | $219639869.78 | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                             | Samsung Electronics Co. Ltd.                                        | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |   1977879 | NS      | $165775727.30 | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                       | Toyota Motor Corp.                                                  | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |   7523666 | NS      | $161586507.22 | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| PPG Industries, Inc.                                     | PPG Industries, Inc.                                                | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |   1400695 | NS      | $143515209.70 | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                         | Roche Holding AG                                                    | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |    512706 | NS      | $211732338.87 | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                           | BNP Paribas SA                                                      | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |   2401312 | NS      | $227181025.19 | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA                                   | Cie de Saint-Gobain SA                                              | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |   1464913 | NS      | $148969794.94 | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                   | Neptune Bidco US, Inc., First Lien, Dollar CME Term Loan, B         | CUSIP: 64069JAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  36696368 | PA      | $36370687.59  | 0.38%             | 2029-04-11      | Variable      | 9.01%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                   | Neptune Bidco US, Inc., First Lien, CME Term Loan, A                | CUSIP: 64069JAF9<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |  47590725 | PA      | $47074365.63  | 0.50%             | 2028-10-11      | Variable      | 8.76%                 | No            |                  2 | On Loan: No      |
| Heineken NV                                              | Heineken NV                                                         | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |   1983768 | NS      | $163674591.80 | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| SLB Ltd.                                                 | SLB Ltd.                                                            | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   3418089 | NS      | $131186255.82 | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| iHeartCommunications, Inc.                               | iHeartCommunications, Inc., First Lien, Refinanced CME Term Loan, B | CUSIP: 45174UAJ7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |         0 | PA      | $0.00         | 0.00%             | 2029-05-01      | Variable      | 9.61%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                      | Union Pacific Corp.                                                 | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    629400 | NS      | $145592808.00 | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                                        | Wells Fargo & Co.                                                   | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   1945627 | NS      | $181332436.40 | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings, Inc.                             | Zimmer Biomet Holdings, Inc.                                        | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |   1694167 | NS      | $152339496.64 | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Walter Energy, Inc.                                      | Walter Energy, Inc., Litigation Trust, Contingent Distribution      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |  30996000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Danone SA                                                | Danone SA                                                           | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |   1467189 | NS      | $132339116.70 | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group plc                              | Reckitt Benckiser Group plc                                         | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |   2146500 | NS      | $173693378.16 | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                              | Cie Financiere Richemont SA                                         | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |    865842 | NS      | $186719732.31 | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid plc                                        | National Grid plc                                                   | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |   7545498 | NS      | $115736486.87 | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis NV                                            | Stellantis NV                                                       | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |   9487840 | NS      | $103898554.42 | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                    | Tencent Holdings Ltd.                                               | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |   2152238 | NS      | $165170361.98 | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon plc                                               | Haleon plc                                                          | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |  38412849 | NS      | $194114766.61 | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                                | Shell plc                                                           | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |   4156483 | NS      | $153175752.93 | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| EURO                                                     | EURO                                                                | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | XX        |        -0 | OU      | $-0.02        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                            | Medtronic plc                                                       | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |   1856578 | NS      | $178342882.68 | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Yen                                                      | Yen                                                                 | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | JP        |        -3 | OU      | $-0.02        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Won                                                      | Won                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |       661 | OU      | $0.46         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV                                       | AerCap Holdings NV                                                  | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | NL        |   1357891 | NS      | $195210410.16 | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Franklin Mutual Series Funds

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer