# EDGAR Filing Document

**Accession Number:** 0000825063
**File Stem:** 0002071691-26-012235
**Filing Date:** 2026-5
**Character Count:** 35465
**Document Hash:** e8436c6479ed4e1f5cf90d5d6283a1b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-012235.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0002071691-26-012235

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20261231

**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:** 261024602

**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:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $8987710240.54

**Total Liabilities:** $11896092.19

**Net Assets:** $8975814148.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021377 | 3.07%                | 2.79%                | -8.00%               |
| Class ID C000021380 | 3.09%                | 2.81%                | -7.97%               |
| Class ID C000021381 | 3.01%                | 2.79%                | -8.03%               |
| Class ID C000128728 | 3.09%                | 2.81%                | -7.98%               |
| Class ID C000021379 | 3.00%                | 2.73%                | -8.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $85603798.96             | $207570592.75                              |
| Month 2  | $115567558.98            | $136610598.37                              |
| Month 3  | $121632399.97            | $-935978882.23                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BlackRock, Inc.                                          | BlackRock, Inc.                                                  | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |    139612 | NS      | $134266256.52 | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                           | Alphabet, Inc., Class A                                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    821600 | NS      | $236259296.00 | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-16376.21    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                   | Neptune Bidco US, Inc.                                           | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |  18920000 | PA      | $18380571.88  | 0.20%             | 2033-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $3766.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                         | Roche Holding AG                                                 | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |    512706 | NS      | $204616269.77 | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                                | Danone SA                                                        | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |   1941405 | NS      | $155132111.49 | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco plc                             | British American Tobacco plc                                     | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |   3361093 | NS      | $195141123.36 | 2.17%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $21546.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                             | Fiserv, Inc.                                                     | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |   2707690 | NS      | $151089102.00 | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock International Group plc                          | Babcock International Group plc                                  | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |   4220669 | NS      | $65524246.56  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Merck & Co., Inc.                                        | Merck & Co., Inc.                                                | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |   1856906 | NS      | $223367222.74 | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                           | BNP Paribas SA                                                   | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |   2308588 | NS      | $219924453.81 | 2.45%             |  |  |  | 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        |   1561326 | NS      | $129269107.64 | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential plc                                           | Prudential plc                                                   | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |  11658892 | NS      | $162094924.30 | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Warner Bros Discovery, Inc.                              | Warner Bros Discovery, Inc.                                      | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |   1764290 | NS      | $48447403.40  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                                | Airbus SE                                                        | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |    848646 | NS      | $160456018.09 | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Adobe, Inc.                                              | Adobe, Inc.                                                      | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |    562821 | NS      | $136810528.68 | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group plc                              | Reckitt Benckiser Group plc                                      | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |   2060640 | NS      | $138558140.89 | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                              | Cie Financiere Richemont SA                                      | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |    644293 | NS      | $113760326.59 | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-8453.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BP plc                                                   | BP plc                                                           | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |  27766456 | NS      | $217322590.26 | 2.42%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $504235.85    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Yen                                                      | Yen                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | JP        | 274012675 | OU      | $1726553.51   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                                    | Tencent Holdings Ltd.                                            | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |   2152238 | NS      | $135746775.39 | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                      | Abbott Laboratories                                              | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |   1231439 | NS      | $126431842.13 | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                                  | International Paper Co.                                          | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |   3379283 | NS      | $120640403.10 | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                     | Meta Platforms, Inc., Class A                                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    222238 | NS      | $127149026.94 | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                            | Medtronic plc                                                    | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |   1856578 | NS      | $160872483.70 | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                              | Capital One Financial Corp.                                      | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    735161 | NS      | $134115421.23 | 1.49%             |  |  |  | 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      | $153954824.17 | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $352630.65    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Arthur J Gallagher & Co.                                 | Arthur J Gallagher & Co.                                         | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |    756577 | NS      | $163859446.66 | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                                        | Wells Fargo & Co.                                                | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   1945627 | NS      | $154891365.47 | 1.73%             |  |  |  | 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      |
| Stellantis NV                                            | Stellantis NV                                                    | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |  16318185 | NS      | $117941031.19 | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                     | JPMorgan Chase & Co.                                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    388287 | NS      | $114218503.92 | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $73742.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon plc                                               | Haleon plc                                                       | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |  38412849 | NS      | $190105005.30 | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| PPG Industries, Inc.                                     | PPG Industries, Inc.                                             | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |   1400695 | NS      | $149706281.60 | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd.                                                 | SLB Ltd.                                                         | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   2833602 | NS      | $145618806.78 | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Won                                                      | Won                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |       661 | OU      | $0.43         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid plc                                        | National Grid plc                                                | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |   7545498 | NS      | $127368714.17 | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| CoreLogic, Inc.                                          | CoreLogic, Inc., First Lien, Initial CME Term Loan               | CUSIP: 21870FBA6<br>LEI: 54930086CD8K2UIL0516 | Long             | LON              | CORP              | US        |  39625123 | PA      | $37990784.83  | 0.42%             | 2028-06-02      | Variable      | 7.28%                 | No            |                  2 | On Loan: No      |
| International Flavors & Fragrances, Inc.                 | International Flavors & Fragrances, Inc.                         | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |   1289650 | NS      | $93564107.50  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings, Inc.                             | Zimmer Biomet Holdings, Inc.                                     | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |   1694167 | NS      | $153186580.14 | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $260978.00    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $7007.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                                | Shell plc                                                        | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |   4156483 | NS      | $192507686.23 | 2.14%             |  |  |  | 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        |  27814787 | NS      | $169677254.28 | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                                                  | BASF SE                                                          | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |   3241767 | NS      | $199661762.85 | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                       | Toyota Motor Corp.                                               | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |   7523666 | NS      | $156397072.54 | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                 | U.S. Treasury Bills                                              | CUSIP: 912797TP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  10000000 | PA      | $9887418.50   | 0.11%             | 2026-07-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco US, Inc.                                   | Neptune Bidco US, Inc., First Lien, 2026 Dollar CME Term Loan, B | CUSIP: 64069JAK8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  82109538 | PA      | $78496718.33  | 0.87%             | 2033-02-03      | Variable      | 8.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-352405.44   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-15686.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                               | Siemens AG                                                       | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |    372371 | NS      | $90722270.00  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Walt Disney Co. (The)                                    | Walt Disney Co. (The)                                            | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |   1487531 | NS      | $143368237.78 | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Renesas Electronics Corp.                                | Renesas Electronics Corp.                                        | CUSIP: N/A<br>LEI: 5299000EPC47VJQOFB81       | Long             | EC               | CORP              | JP        |   8338672 | NS      | $119219919.45 | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                    | Bank of America Corp.                                            | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   3474792 | NS      | $169396110.00 | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises, Inc.                               | Ferguson Enterprises, Inc.                                       | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |    545947 | NS      | $127347597.22 | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                                    | Elevance Health, Inc.                                            | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    476783 | NS      | $139578223.25 | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                             | Mondelez International, Inc., Class A                            | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |   2860316 | NS      | $164868614.24 | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $177369.02    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-725917.72   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Union Pacific Corp.                                      | Union Pacific Corp.                                              | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    629400 | NS      | $152705028.00 | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken NV                                              | Heineken NV                                                      | CUSIP: N/A<br>LEI: 724500K5PTPSST86UQ23       | Long             | EC               | CORP              | NL        |   1983768 | NS      | $152588086.70 | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| EOG Resources, Inc.                                      | EOG Resources, Inc.                                              | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |   1559330 | NS      | $225432338.10 | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Neptune Bidco US, Inc.                                   | Neptune Bidco US, Inc.                                           | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |  20484000 | PA      | $20687057.89  | 0.23%             | 2031-05-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                      | Deutsche Telekom AG                                              | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |   5693347 | NS      | $212494310.28 | 2.37%             |  |  |  | No            |                  2 | On Loan: No      |
| AerCap Holdings NV                                       | AerCap Holdings NV                                               | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | NL        |   1357891 | NS      | $186275487.38 | 2.08%             |  |  |  | No            |                  1 | 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        |  84075058 | NS      | $84075057.70  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                                     | EURO                                                             | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | XX        |        -0 | OU      | $-0.03        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                             | Charter Communications, Inc., Class A                            | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |    577623 | NS      | $124697253.24 | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                                         | CVS Health Corp.                                                 | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |   1834131 | NS      | $131727288.42 | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $50407.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Capgemini SE                                             | Capgemini SE                                                     | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |   1125622 | NS      | $132821677.68 | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                        | HSBC Holdings plc                                                | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |   8866567 | NS      | $145612025.41 | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                              | Novartis AG                                                      | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |   1192174 | NS      | $182104578.50 | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pound Sterling                                           | Pound Sterling                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |   2887151 | OU      | $3821433.54   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                                         | Salesforce, Inc.                                                 | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    587781 | NS      | $109721079.27 | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                      | Forward Foreign Currency Contract                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1118.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                             | Samsung Electronics Co. Ltd.                                     | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    917803 | NS      | $107347516.00 | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                         | Deutsche Bank AG                                                 | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |   4319200 | NS      | $128539766.32 | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer