# EDGAR Filing Document

**Accession Number:** 0000825063
**File Stem:** 0002071691-26-003967
**Filing Date:** 2026-2
**Character Count:** 30808
**Document Hash:** 3978cf79575b3e51fc2ae89b8327ac2b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-003967.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0002071691-26-003967

**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:** 26675110

**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 SHARES FUND (Series ID: S000007864)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000021390 | CLASS A      | TESIX           |
| C000021392 | CLASS C      | TEMTX           |
| C000021393 | CLASS Z      | MUTHX           |
| C000021394 | CLASS R      | TESRX           |
| C000128731 | Class R6     | FMSHX           |

## 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 Shares Fund

- **b. EDGAR series identifier (if any):** S000007864

- **c. LEI of Series:** QOET654RR8JMYG00F771

**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:** $7025018017.47

**Total Liabilities:** $5182349.73

**Net Assets:** $7019835667.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021390 | -1.50%               | 2.56%                | 2.60%                |
| Class ID C000021392 | -1.56%               | 2.50%                | 2.54%                |
| Class ID C000021393 | -1.47%               | 2.58%                | 2.63%                |
| Class ID C000021394 | -1.55%               | 2.57%                | 2.56%                |
| Class ID C000128731 | -1.47%               | 2.59%                | 2.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16864368.37             | $-126871349.32                             |
| Month 2  | $166361229.67            | $2805825.32                                |
| Month 3  | $32855130.07             | $138294380.70                              |

### 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        |    385414 | NS      | $134891045.86 | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                                                 | Alphabet, Inc., Class A                                                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    799105 | NS      | $250119865.00 | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                                               | Amazon.com, Inc.                                                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    889735 | NS      | $205368632.70 | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco plc                                                   | British American Tobacco plc                                                   | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |   2127092 | NS      | $120586238.82 | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                           | American Tower Corp.                                                           | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    665999 | NS      | $116929444.43 | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                                                          | Elevance Health, Inc.                                                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    159336 | NS      | $55855234.80  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management, Inc.                                                 | Apollo Global Management, Inc.                                                 | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |    852664 | NS      | $123431640.64 | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                                          | Bank of America Corp.                                                          | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   2729124 | NS      | $150101820.00 | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                                                                | BlackRock, Inc.                                                                | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |    124720 | NS      | $133492804.80 | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.                                                   | Brixmor Property Group, Inc.                                                   | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |   5080366 | NS      | $133207196.52 | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                                                    | Capital One Financial Corp.                                                    | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    535230 | NS      | $129718342.80 | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                                                                  | Chevron Corp.                                                                  | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    967849 | NS      | $147509866.09 | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                                                            | Cisco Systems, Inc.                                                            | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |   1674747 | NS      | $129005761.41 | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                                                          | Colgate-Palmolive Co.                                                          | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |   1903253 | NS      | $150395052.06 | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos., Inc. (The)                                                        | Cooper Cos., Inc. (The)                                                        | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |   1339046 | NS      | $109748210.16 | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co. (The)                                                          | Walt Disney Co. (The)                                                          | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |   1400106 | NS      | $159290059.62 | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp.                                                           | Dollar General Corp.                                                           | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |   1223978 | NS      | $162507559.06 | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp.                                                                    | Dover Corp.                                                                    | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |    851790 | NS      | $166303479.60 | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.                                                            | EOG Resources, Inc.                                                            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |   1228342 | NS      | $128988193.42 | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp.                                                                  | Entergy Corp.                                                                  | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |   1274134 | NS      | $117768205.62 | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises, Inc.                                                     | Ferguson Enterprises, Inc.                                                     | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |    656113 | NS      | $146070437.19 | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                                                                   | Fiserv, Inc.                                                                   | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |   1120020 | NS      | $75231743.40  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co.                                                             | General Motors Co.                                                             | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |   1613850 | NS      | $131238282.00 | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group, Inc. (The)                                           | Hartford Insurance Group, Inc. (The)                                           | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |   1233537 | NS      | $169981398.60 | 2.42%             |  |  |  | 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        |  18780288 | NS      | $18780288.27  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                                                        | International Paper Co.                                                        | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |   2956746 | NS      | $116466224.94 | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                                           | JPMorgan Chase & Co.                                                           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    497507 | NS      | $160306705.54 | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR, Inc.                                                                      | KBR, Inc.                                                                      | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |   1737133 | NS      | $69832746.60  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos., Inc. (The)                                                  | Estee Lauder Cos., Inc. (The), Class A                                         | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |   1286788 | NS      | $134752439.36 | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Michaels Cos., Inc. (The)                                                      | Michaels Cos., Inc. (The)                                                      | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |  27532000 | PA      | $25452119.84  | 0.36%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc.                                                              | Merck & Co., Inc.                                                              | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |   1061677 | NS      | $111752121.02 | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Neptune Bidco US, Inc.                                                         | Neptune Bidco US, Inc.                                                         | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |  17392800 | PA      | $17843464.84  | 0.25%             | 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        |  40220901 | PA      | $38987727.81  | 0.56%             | 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        |  30607127 | PA      | $30676605.47  | 0.44%             | 2028-06-02      | Variable      | 7.33%                 | No            |                  2 | On Loan: No      |
| Gen Digital, Inc.                                                              | Gen Digital, Inc.                                                              | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |   3914948 | NS      | $106447436.12 | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                                                    | Novartis AG                                                                    | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |   1101492 | NS      | $151862702.04 | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                       | PNC Financial Services Group, Inc. (The)                                       | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |    670802 | NS      | $140016501.46 | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                                                           | PPG Industries, Inc.                                                           | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |   1147600 | NS      | $117583096.00 | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp.                                                                      | PPL Corp.                                                                      | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |   3969907 | NS      | $139026143.14 | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                                               | Roche Holding AG                                                               | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |    366441 | NS      | $151329241.30 | 2.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Nestle SA                                                                      | Nestle SA                                                                      | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |   1139721 | NS      | $113127704.78 | 1.61%             |  |  |  | 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        |  28628999 | PA      | $28374916.75  | 0.40%             | 2029-04-11      | Variable      | 9.01%                 | No            |                  2 | On Loan: No      |
| Progressive Corp. (The)                                                        | Progressive Corp. (The)                                                        | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    675573 | NS      | $153841483.56 | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance, Inc.                                                                 | Reliance, Inc.                                                                 | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |    482258 | NS      | $139309868.46 | 1.98%             |  |  |  | No            |                  1 | 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        |  37326071 | PA      | $36921083.36  | 0.53%             | 2028-10-11      | Variable      | 8.76%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Holdings, Inc.                                               | SS&C Technologies Holdings, Inc.                                               | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |   1195369 | NS      | $104499157.98 | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd.                                                                       | SLB Ltd.                                                                       | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   2846080 | NS      | $109232550.40 | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                                                 | Thermo Fisher Scientific, Inc.                                                 | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    298605 | NS      | $173026667.25 | 2.46%             |  |  |  | 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      |
| Ulta Beauty, Inc.                                                              | Ulta Beauty, Inc.                                                              | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |    233211 | NS      | $141094987.11 | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                                                            | Union Pacific Corp.                                                            | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    467173 | NS      | $108066458.36 | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                                                              | Wells Fargo & Co.                                                              | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   1563209 | NS      | $145691078.80 | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings, Inc.                                                   | Zimmer Biomet Holdings, Inc.                                                   | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |    721121 | NS      | $64843200.32  | 0.92%             |  |  |  | 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        |  20046000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Bosgen Liquidating Trust c/o Verdolino and Lowey P.C., Contingent Distribution | Bosgen Liquidating Trust c/o Verdolino and Lowey P.C., Contingent Distribution | CUSIP: N/A<br>LEI: 724500SEMY2K987RV910       | Long             | EC               | CORP              | NL        |    555154 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Haleon plc                                                                     | Haleon plc                                                                     | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |  35943104 | NS      | $181634203.82 | 2.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Controls International plc                                             | Johnson Controls International plc                                             | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |   1357590 | NS      | $162571402.50 | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                                                  | Medtronic plc                                                                  | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |   1218190 | NS      | $117019331.40 | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings NV                                                             | AerCap Holdings NV                                                             | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | NL        |    758572 | NS      | $109052310.72 | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                                                          | NXP Semiconductors NV                                                          | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |    500783 | NS      | $108699957.98 | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group, Inc.                                                              | Uniti Group, Inc.                                                              | CUSIP: N/A<br>LEI: 549300V3NU625PJUVA84       | Long             |  | CORP              | US        |    437045 | NS      | $2640630.26   | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Uniti Group, Inc.                                                              | Uniti Group, Inc.                                                              | CUSIP: N/A<br>LEI: 549300V3NU625PJUVA84       | Long             | EC               | CORP              | US        |     14312 | NS      | $14116549.12  | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Uniti Group, Inc.                                                              | Uniti Group, Inc.                                                              | CUSIP: N/A<br>LEI: 549300V3NU625PJUVA84       | Long             | EC               | CORP              | US        |   2243497 | NS      | $15335634.63  | 0.22%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Flex Ltd.                                                                      | Flex Ltd.                                                                      | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | SG        |   1199663 | NS      | $72483638.46  | 1.03%             |  |  |  | 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