# EDGAR Filing Document

**Accession Number:** 0000825063
**File Stem:** 0002071691-26-012195
**Filing Date:** 2026-5
**Character Count:** 25397
**Document Hash:** 91d5f8c4ea318695d00d744f6991e934
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-012195.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0002071691-26-012195

**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:** 261024545

**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 INTERNATIONAL VALUE FUND (Series ID: S000007862)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000021382 | CLASS A      | TEMIX           |
| C000021384 | CLASS C      | TEURX           |
| C000021385 | CLASS Z      | MEURX           |
| C000082422 | CLASS R      | FMURX           |
| C000128729 | Class R6     | FMEUX           |

## 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 International Value Fund

- **b. EDGAR series identifier (if any):** S000007862

- **c. LEI of Series:** RLTH36HD42VD8KSXLM66

**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:** $1209491169.29

**Total Liabilities:** $3421817.85

**Net Assets:** $1206069351.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021385 | 4.92%                | 2.47%                | -7.98%               |
| Class ID C000128729 | 4.89%                | 2.50%                | -7.99%               |
| Class ID C000021382 | 4.87%                | 2.44%                | -7.98%               |
| Class ID C000082422 | 4.86%                | 2.43%                | -7.99%               |
| Class ID C000021384 | 4.82%                | 2.39%                | -8.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $18899763.31             | $42186379.38                               |
| Month 2  | $5104207.68              | $26343254.15                               |
| Month 3  | $-600013.10              | $-111481610.27                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Mizuho Financial Group, Inc.                             | Mizuho Financial Group, Inc.                             | CUSIP: N/A<br>LEI: 353800CI5L6DDAN5XZ33       | Long             | EC               | CORP              | JP        |    473769 | NS      | $19179952.50  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever plc                                             | Unilever plc                                             | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |    278510 | NS      | $15290029.22  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| ING Groep NV                                             | ING Groep NV                                             | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |    442273 | NS      | $11479939.06  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp.                                         | Sony Group Corp.                                         | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |    702664 | NS      | $14645440.64  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                         | Roche Holding AG                                         | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |    106933 | NS      | $42675981.12  | 3.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Danone SA                                                | Danone SA                                                | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |    245125 | NS      | $19587236.48  | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Mondi plc                                                | Mondi plc                                                | CUSIP: N/A<br>LEI: 213800LOZA69QFDC9N34       | Long             | EC               | CORP              | GB        |   2129244 | NS      | $24072436.84  | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| British American Tobacco plc                             | British American Tobacco plc                             | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |    462678 | NS      | $26862542.83  | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Holdings, Inc.                                       | SBI Holdings, Inc.                                       | CUSIP: N/A<br>LEI: 353800L6LMHYIPSMRQ17       | Long             | EC               | CORP              | JP        |    780667 | NS      | $14455105.74  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Metso OYJ                                                | Metso OYJ                                                | CUSIP: N/A<br>LEI: 549300R0VN9C371W0E07       | Long             | EC               | CORP              | FI        |   1159529 | NS      | $20094983.44  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Babcock International Group plc                          | Babcock International Group plc                          | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |   1040994 | NS      | $16161027.43  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Bottlers Japan Holdings, Inc.                  | Coca-Cola Bottlers Japan Holdings, Inc.                  | CUSIP: N/A<br>LEI: 353800XN1G90665VTQ16       | Long             | EC               | CORP              | JP        |   1021644 | NS      | $23174559.09  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                           | BNP Paribas SA                                           | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | EC               | CORP              | FR        |    353513 | NS      | $33676928.69  | 2.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Swiss Franc                                              | Swiss Franc                                              | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | CH        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA                                   | Cie de Saint-Gobain SA                                   | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |    270588 | NS      | $22403181.20  | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX plc                                                 | RELX plc                                                 | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |    398317 | NS      | $13049808.90  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Prudential plc                                           | Prudential plc                                           | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |   2094423 | NS      | $29119005.27  | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV                                       | Koninklijke KPN NV                                       | CUSIP: N/A<br>LEI: 549300YO0JZHAL7FVP81       | Long             | EC               | CORP              | NL        |   3959296 | NS      | $22067639.73  | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                                | Airbus SE                                                | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |    114336 | NS      | $21617846.89  | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| St James's Place plc                                     | St. James's Place plc                                    | CUSIP: N/A<br>LEI: 213800M993ICXOMBCP87       | Long             | EC               | CORP              | GB        |   1595112 | NS      | $25168674.39  | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Group plc                              | Reckitt Benckiser Group plc                              | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |    155741 | NS      | $10472078.30  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| BP plc                                                   | BP plc                                                   | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |   5465424 | NS      | $42776798.76  | 3.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Yen                                                      | Yen                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | JP        |  35275156 | OU      | $222268.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                                    | Tencent Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    294307 | NS      | $18562643.27  | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd.                                  | DBS Group Holdings Ltd.                                  | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |    554798 | NS      | $24688582.15  | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Olympus Corp.                                            | Olympus Corp.                                            | CUSIP: N/A<br>LEI: 5299000Y52IFDI1I2A21       | Long             | EC               | CORP              | JP        |   1838694 | NS      | $17517843.52  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                     | Mitsubishi UFJ Financial Group, Inc.                     | CUSIP: N/A<br>LEI: 353800V2V8PUY9TK3E06       | Long             | EC               | CORP              | JP        |   1674753 | NS      | $28360158.29  | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis NV                                            | Stellantis NV                                            | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |   2677071 | NS      | $19348751.98  | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Haleon plc                                               | Haleon plc                                               | CUSIP: N/A<br>LEI: 549300PSB3WWEODCUP19       | Long             | EC               | CORP              | GB        |   6459329 | NS      | $31967188.22  | 2.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Norsk Hydro ASA                                          | Norsk Hydro ASA                                          | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |   1339173 | NS      | $14273436.51  | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Won                                                      | Won                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        |        37 | OU      | $0.02         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                               | Allianz SE                                               | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |     47594 | NS      | $20099832.42  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell plc                                                | Shell plc                                                | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |    772306 | NS      | $35769385.11  | 2.97%             |  |  |  | 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        |   4120508 | NS      | $25136143.73  | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BASF SE                                                  | BASF SE                                                  | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |    457302 | NS      | $28165418.27  | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                       | Toyota Motor Corp.                                       | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |   1171201 | NS      | $24346164.19  | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| UniCredit SpA                                            | UniCredit SpA                                            | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |    419611 | NS      | $30104490.50  | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| CNH Industrial NV                                        | CNH Industrial NV                                        | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | NL        |   1230926 | NS      | $13540186.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                                         | ArcelorMittal SA                                         | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |    394553 | NS      | $20462109.79  | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Mondelez International, Inc.                             | Mondelez International, Inc., Class A                    | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    333443 | NS      | $19219654.52  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                                    | NXP Semiconductors NV                                    | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |     70865 | NS      | $13950483.90  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CaixaBank SA                                             | CaixaBank SA                                             | CUSIP: N/A<br>LEI: 7CUNS533WID6K7DGFI87       | Long             | EC               | CORP              | ES        |   2033660 | NS      | $24378821.62  | 2.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                      | Deutsche Telekom AG                                      | CUSIP: N/A<br>LEI: 549300V9QSIG4WX4GJ96       | Long             | EC               | CORP              | DE        |    819713 | NS      | $30594367.17  | 2.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                              | Novartis AG                                              | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |    185236 | NS      | $28432695.54  | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| AerCap Holdings NV                                       | AerCap Holdings NV                                       | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | NL        |    162988 | NS      | $22358693.84  | 1.85%             |  |  |  | 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        |  18829078 | NS      | $18829078.27  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                                     | EURO                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | XX        |        -0 | OU      | $-0.08        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Group Holdings Ltd.                                | Asahi Group Holdings Ltd.                                | CUSIP: N/A<br>LEI: 353800KAJ02XNHLCJW79       | Long             | EC               | CORP              | JP        |   1227408 | NS      | $12255214.90  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                        | HSBC Holdings plc                                        | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |   2018165 | NS      | $33143503.37  | 2.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Pound Sterling                                           | Pound Sterling                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |   1171005 | OU      | $1549941.58   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RENK Group AG                                            | RENK Group AG                                            | CUSIP: N/A<br>LEI: 894500H8CNSZ53EI6K63       | Long             | EC               | CORP              | DE        |    348743 | NS      | $20844959.72  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Hellenic Telecommunications Organization SA              | Hellenic Telecommunications Organization SA              | CUSIP: N/A<br>LEI: ELPUFM0XZRZO4LFXW404       | Long             | EC               | CORP              | GR        |   1023525 | NS      | $19307235.18  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group plc                                        | NatWest Group plc                                        | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |   2826378 | NS      | $20937659.62  | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| SSE plc                                                  | SSE plc                                                  | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |    709195 | NS      | $24515880.88  | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Zabka Group SA                                           | Zabka Group SA                                           | CUSIP: N/A<br>LEI: 549300TU2RZ35E4ET914       | Long             | EC               | CORP              | LU        |   3500827 | NS      | $20951307.24  | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| ASR Nederland NV                                         | ASR Nederland NV                                         | CUSIP: N/A<br>LEI: 7245000G0HS48PZWUD53       | Long             | EC               | CORP              | NL        |    350645 | NS      | $24140804.58  | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aviva plc                                                | Aviva plc                                                | CUSIP: N/A<br>LEI: YF0Y5B0IB8SM0ZFG9G81       | Long             | EC               | CORP              | GB        |   3113166 | NS      | $24984368.32  | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                         | Deutsche Bank AG                                         | CUSIP: N/A<br>LEI: 7LTWFZYICNSX8D621K86       | Long             | EC               | CORP              | DE        |    685792 | NS      | $20409229.35  | 1.69%             |  |  |  | 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