X0404 N-CEN LIVE 0000825063 XXXXXXXX 811-05387 true false false N-1A true Franklin Mutual Series Funds 811-05387 0000825063 549300DW3N5FG4OTT022 101 John F. Kennedy Parkway Short Hills 07078-2716 US-NJ US 973-912-2000 JPMorgan Chase Bank, N.A. 380 Madison Avenue New York 10017 212-270-6000 Records relating to its functions as Sub-Administrator and Fund Accounting Agent Franklin Templeton Services, LLC One Franklin Parkway San Mateo 94403-1906 650-312-2000 Records related to its functions as Administrative manager Franklin Templeton Investor Services, LLC One Franklin Parkway San Mateo 94403-1906 650-312-2000 Records related to its functions as Transfer agent Franklin Distributors, LLC One Franklin Parkway San Mateo 94403-1906 650-312-2000 Records related to its functions as Principal underwriter Franklin Mutual Advisers, LLC 101 John F. Kennedy Parkway Short Hills New Jersey 07078-2716 973-912-2000 Records related to its functions as Investment manager The Bank of New York Mellon 111 Sanders Creek Parkway East Syracuse 13057 855-231-1706 Records related to its functions as Custodian N N N-1A 6 Y Jan Hopkins Trachtman N/A N Edward I. Altman N/A N Gregory E. Johnson N/A Y Ann Torre Bates N/A N Gregory H. Williams N/A N Jennifer M. Johnson N/A Y Robert E. Wade N/A N Keith E. Mitchell N/A N David W. Niemiec N/A N Breda M. Beckerle N/A 280 Park Avenue New York 10017 XXXXXX N N N N N N FRANKLIN DISTRIBUTORS, LLC 8-5889 000000332 N/A Y N ERNST & YOUNG LLP 42 N/A N N N N N N Franklin Mutual Beacon Fund S000007860 2P5J8F77YSRTYSP23G45 N 5 0 0 N/A N N Y N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N Revenue sharing split 0.00000000 0.00000000 Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Rule 22d-1 (17 CFR 270.22d-1) Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) Y Y N N Franklin Mutual Advisers, LLC 801-53068 000111376 549300700KN6X7XAH545 N Franklin Templeton Investor Services, LLC 084-01036 N/A Y N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N IHS Markit Group Holdings Ltd. 2138005LTLTVZ4WMEX25 GB N Refinitiv Global Markets Inc. 000109120 CRD N Bloomberg L.P. 549300B56MD0ZC402L06 N N STANDARD CHARTERED BANK (SINGAPORE) LIMITED 549300MDYVVHJ8D1DW28 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) HSBC BANK (TAIWAN) LIMITED 549300SG184IVNYDMN03 TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UNICREDIT BANK AUSTRIA AG D1HEB8VEU6D9M8ZUXG17 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANCO BILBAO VIZCAYA ARGENTARIA S.A. K8MS7FD7N5Z2WQ51AZ71 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 IE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC, ORGANIZACNI SLOZKA N1FBEDJ5J41VKZLO2475 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. E57ODZWZ7FF32TWEFA76 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CREDIT SUISSE (SCHWEIZ) AG 549300CWR0W0BCS9Q144 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC PORTUGAL BRANCH N1FBEDJ5J41VKZLO2475 PT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GREECE MP6I5ZYZBEU3UXPYFY54 CY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD BANK OF SOUTH AFRICA LIMITED,THE QFC8ZCW3Q5PRXU1XTM60 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN F3JS33DEI6XQ4ZBPTN86 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK BERMUDA LIMITED 0W1U67PTV5WY3WYWKD79 BM N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV MMYX0N4ZEZ13Z4XCG897 BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800DROGI9KQYMCP91 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG, SEOUL BRANCH 529900LKVNEX4SG4UD38 KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. E57ODZWZ7FF32TWEFA76 AR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 549300WCGB70D06XZS54 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 213800YAFR3TXTCJHM14 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800DROGI9KQYMCP91 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK (MALAYSIA) BERHAD 529900DLWFR8HK7DR278 MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) MUFG BANK, LTD. C3GTMMZIHMY46P4OIX74 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GREECE 549300WCGB70D06XZS54 GR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 2138001Y512RXGN3R994 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK AUSTRALIA LIMITED DY9DBNI4W8J63Z298033 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 549300KP56LL8NKKFL47 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN F3JS33DEI6XQ4ZBPTN86 FI N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 2HI3YI5320L3RW6NJ957 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK POLSKA KASA OPIEKI SA - BANK PEKAO SA 5493000LKS7B3UTF7H35 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) OSLOFILIALEN F3JS33DEI6XQ4ZBPTN86 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800PY5I5D4T5NED50 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LTD., THE 2HI3YI5320L3RW6NJ957 MU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 213800PY5I5D4T5NED50 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK HAPOALIM B.M. B6ARUI4946ST4S7WOU88 IL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 IN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 ID N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N Franklin Templeton Investor Services, LLC 084-01036 SEC file number Y N N Franklin Templeton Services, LLC 549300DFD0POOJZ42788 Y N JPMorgan Chase Bank, N.A. 7H6GLXDRUGQFU57RNE97 N Y N Franklin Distributors, LLC 8-5889 000000332 N/A 0.00000000 Franklin Templeton Investment Services, Inc. 8-43206 000027884 N/A 0.00000000 Franklin Templeton Financial Services Corp. 8-29504 000013594 N/A 0.00000000 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 94522.63000000 Goldman Sachs & Co. LLC 8-00129 000000361 FOR8UP27PHTHYVLBNG30 37325.71000000 Sanford C. Bernstein & Co., LLC 8-52942 000104474 549300I7JYZHT7D5CO04 132818.09000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 109447.75000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 60122.14000000 Exane, Inc. 8-49569 000041784 6SDWK6FV8H98XAGSYS75 37003.46000000 Evercore Group L.L.C. 8-49830 000042405 5493008F0LRLS5N8LZ81 37032.19999999 Liberum 8-67976 000148135 N/A 40234.94000000 Merrill Lynch, Pierce, Fenner & Smith Inc. 8-07221 000007691 8NAV47T0Y26Q87Y0QP81 54421.84000000 Citigroup Global Markets Inc. 8-08177 000007059 MBNUM2BPBDO7JBLYG310 136350.73000000 1114452.62999999 Bank of New York Mellon Corp. N/A N/A WFLLPEPC7FZXENRZV188 2956182774.30000020 INTL FCStone Financial Inc. 8-51269 000045993 549300LNKU6K5TJCRG93 1046936.25000000 Merrill Lynch, Pierce, Fenner & Smith Inc. 8-07221 000007691 8NAV47T0Y26Q87Y0QP81 29229646.35000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 525290098.06999999 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 366899772.56000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 79761717.01999999 Credit Agricole Securities (USA) Inc. 8-13753 000000190 549300WO2DKF0Q3YMV43 6100000.00000000 Credit Suisse Securities (USA) LLC 8-00422 000000816 1V8Y6QCX6YMJ2OELII46 3209300000.00000000 7173810944.55000020 Y 3613757151.56000000 Committed 2675000000.00000000 N N N N Franklin Mutual Quest Fund S000007863 NWF7KZ3BJ6U1TY06BL48 N 5 0 0 N/A N N Y N N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N Revenue sharing split 125096.59299999 922.00000000 Rule 22d-1 (17 CFR 270.22d-1) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) Y Y N N Franklin Mutual Advisers, LLC 801-53068 000111376 549300700KN6X7XAH545 N Franklin Templeton Investor Services, LLC 084-01036 N/A Y N N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N IHS Markit Group Holdings Ltd. 2138005LTLTVZ4WMEX25 GB N Refinitiv Global Markets Inc. 000109120 CRD N Bloomberg L.P. 549300B56MD0ZC402L06 N N THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 2HI3YI5320L3RW6NJ957 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. E57ODZWZ7FF32TWEFA76 AR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GREECE 549300WCGB70D06XZS54 GR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC PORTUGAL BRANCH N1FBEDJ5J41VKZLO2475 PT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800DROGI9KQYMCP91 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD BANK OF SOUTH AFRICA LIMITED,THE QFC8ZCW3Q5PRXU1XTM60 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800PY5I5D4T5NED50 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 IN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK AUSTRALIA LIMITED DY9DBNI4W8J63Z298033 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN AB F3JS33DEI6XQ4ZBPTN86 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC, ORGANIZACNI SLOZKA N1FBEDJ5J41VKZLO2475 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) CITIBANK N.A. MYTK5NHHP1G8TVFGT193 PE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GREECE MP6I5ZYZBEU3UXPYFY54 CY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK BERMUDA LIMITED 0W1U67PTV5WY3WYWKD79 BM N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) MUFG BANK, LTD. C3GTMMZIHMY46P4OIX74 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 213800PY5I5D4T5NED50 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG, SEOUL BRANCH 529900LKVNEX4SG4UD38 KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800DROGI9KQYMCP91 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 2138001Y512RXGN3R994 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 ID N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK (TAIWAN) LIMITED 549300SG184IVNYDMN03 TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LTD., THE 2HI3YI5320L3RW6NJ957 MU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC HUNGARIAN BRANCH N1FBEDJ5J41VKZLO2475 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN F3JS33DEI6XQ4ZBPTN86 FI N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV MMYX0N4ZEZ13Z4XCG897 BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CREDIT SUISSE (SCHWEIZ) AG 549300CWR0W0BCS9Q144 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UNICREDIT BANK AUSTRIA AG D1HEB8VEU6D9M8ZUXG17 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 549300KP56LL8NKKFL47 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK POLSKA KASA OPIEKI SA - BANK PEKAO SA 5493000LKS7B3UTF7H35 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. E57ODZWZ7FF32TWEFA76 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK (MALAYSIA) BERHAD 529900DLWFR8HK7DR278 MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) OSLOFILIALEN F3JS33DEI6XQ4ZBPTN86 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 213800YAFR3TXTCJHM14 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANCO BILBAO VIZCAYA ARGENTARIA S.A. K8MS7FD7N5Z2WQ51AZ71 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD CHARTERED BANK (SINGAPORE) LIMITED 549300MDYVVHJ8D1DW28 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 549300WCGB70D06XZS54 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN F3JS33DEI6XQ4ZBPTN86 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 IE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK HAPOALIM B.M. B6ARUI4946ST4S7WOU88 IL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK MAGHREB 5493003FVWLMBFTISI11 MA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N Franklin Templeton Investor Services, LLC 084-01036 SEC File Number Y N N Franklin Templeton Services, LLC 549300DFD0POOJZ42788 Y N JPMorgan Chase Bank, N.A. 7H6GLXDRUGQFU57RNE97 N Y N Franklin Distributors, LLC 8-5889 000000332 N/A 0.00000000 Franklin Templeton Financial Services Corp. 8-29504 000013594 N/A 0.00000000 Franklin Templeton Investment Services, Inc. 8-43206 000027884 N/A 0.00000000 RBC Capital Markets, LLC 8-45411 000031194 549300LCO2FLSSVFFR64 41392.26000000 REDBURN (USA) LLC 8-67320 000140564 N/A 38581.83000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 54752.70000000 Sanford C. Bernstein & Co., LLC 8-52942 000104474 549300I7JYZHT7D5CO04 123193.77000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 90097.99000000 Goldman Sachs & Co. LLC 8-00129 000000361 FOR8UP27PHTHYVLBNG30 123582.71000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 117364.96000000 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 46680.36000000 Cowen and Company 8-22522 000007616 549300WR155U7DVMIW58 36964.37999999 Oscar Gruss & Son Incorporated 8-22371 000002091 549300V78DH9XCK5UI63 39288.57000000 1218791.88999999 Credit Suisse Securities (USA) LLC 8-00422 000000816 1V8Y6QCX6YMJ2OELII46 7239400000.00000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 315172325.13999999 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 4765346784.15999980 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 1848985783.47000000 Citigroup Global Markets Inc. 8-08177 000007059 MBNUM2BPBDO7JBLYG310 28637185.32000000 RBC Capital Markets, LLC 8-45411 000031194 549300LCO2FLSSVFFR64 32164469.30000000 Goldman Sachs & Co. LLC 8-00129 000000361 FOR8UP27PHTHYVLBNG30 74981434.56000000 INTL FCStone Financial Inc. 8-51269 000045993 549300LNKU6K5TJCRG93 48189447.50000000 Bank of New York Mellon Corp. N/A N/A WFLLPEPC7FZXENRZV188 3724244750.44999980 Merrill Lynch, Pierce, Fenner & Smith Inc. 8-07221 000007691 8NAV47T0Y26Q87Y0QP81 62454892.03999999 18183820141.65000200 Y 3321782370.46000000 Committed 2675000000.00000000 N N N N Franklin Mutual Shares Fund S000007864 QOET654RR8JMYG00F771 N 5 0 0 N/A N N Y N N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N Revenue sharing split 163276.26900000 1365.00000000 Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Rule 22d-1 (17 CFR 270.22d-1) Y Y N N Franklin Mutual Advisers, LLC 801-53068 000111376 549300700KN6X7XAH545 N Franklin Templeton Investor Services, LLC 084-01036 N/A Y N N IHS Markit Group Holdings Ltd. 2138005LTLTVZ4WMEX25 GB N Refinitiv Global Markets Inc. 000109120 CRD N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N DEUTSCHE BANK AG, SEOUL BRANCH 529900LKVNEX4SG4UD38 KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC, ORGANIZACNI SLOZKA N1FBEDJ5J41VKZLO2475 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN AB F3JS33DEI6XQ4ZBPTN86 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 213800YAFR3TXTCJHM14 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK BERMUDA LIMITED 0W1U67PTV5WY3WYWKD79 BM N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC PORTUGAL BRANCH N1FBEDJ5J41VKZLO2475 PT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANCO BILBAO VIZCAYA ARGENTARIA S.A. K8MS7FD7N5Z2WQ51AZ71 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 549300KP56LL8NKKFL47 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN F3JS33DEI6XQ4ZBPTN86 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 ID N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UNICREDIT BANK AUSTRIA AG D1HEB8VEU6D9M8ZUXG17 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK HAPOALIM B.M. B6ARUI4946ST4S7WOU88 IL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK (MALAYSIA) BERHAD 529900DLWFR8HK7DR278 MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CREDIT SUISSE (SCHWEIZ) AG 549300CWR0W0BCS9Q144 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) OSLOFILIALEN F3JS33DEI6XQ4ZBPTN86 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 2HI3YI5320L3RW6NJ957 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GREECE MP6I5ZYZBEU3UXPYFY54 CY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) CITIBANK N.A. E57ODZWZ7FF32TWEFA76 AR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800DROGI9KQYMCP91 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 549300WCGB70D06XZS54 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK AUSTRALIA LIMITED DY9DBNI4W8J63Z298033 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 IN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 2138001Y512RXGN3R994 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GREECE 549300WCGB70D06XZS54 GR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK POLSKA KASA OPIEKI SA - BANK PEKAO SA 5493000LKS7B3UTF7H35 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN F3JS33DEI6XQ4ZBPTN86 FI N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD BANK OF SOUTH AFRICA LIMITED,THE QFC8ZCW3Q5PRXU1XTM60 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 213800PY5I5D4T5NED50 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 IE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK (TAIWAN) LIMITED 549300SG184IVNYDMN03 TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC HUNGARIAN BRANCH N1FBEDJ5J41VKZLO2475 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) MUFG BANK, LTD. C3GTMMZIHMY46P4OIX74 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV MMYX0N4ZEZ13Z4XCG897 BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800DROGI9KQYMCP91 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LTD., THE 2HI3YI5320L3RW6NJ957 MU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD CHARTERED BANK (SINGAPORE) LIMITED 549300MDYVVHJ8D1DW28 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800PY5I5D4T5NED50 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. E57ODZWZ7FF32TWEFA76 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N Franklin Templeton Investor Services, LLC 084-01036 SEC file number Y N N Franklin Templeton Services, LLC 549300DFD0POOJZ42788 Y N JPMorgan Chase Bank, N.A. 7H6GLXDRUGQFU57RNE97 N Y N Franklin Distributors, LLC 8-5889 000000332 N/A 0.00000000 Franklin Templeton Financial Services Corp. 8-29504 000013594 N/A 0.00000000 Franklin Templeton Investment Services, Inc. 8-43206 000027884 N/A 0.00000000 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 157003.66000000 Evercore Group L.L.C. 8-49830 000042405 5493008F0LRLS5N8LZ81 169837.77000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 140376.65000000 Goldman Sachs & Co. LLC 8-00129 000000361 FOR8UP27PHTHYVLBNG30 151019.71000000 Merrill Lynch, Pierce, Fenner & Smith Inc. 8-07221 000007691 8NAV47T0Y26Q87Y0QP81 147476.88000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 178694.20000000 Credit Suisse Securities (USA) LLC 8-00422 000000816 1V8Y6QCX6YMJ2OELII46 100376.94000000 Sanford C. Bernstein & Co., LLC 8-52942 000104474 549300I7JYZHT7D5CO04 203649.62000000 Berenberg Capital Markets LLC 8-68821 000156757 5493007EG0CYRKKG9L11 129900.32000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 145299.54000000 2471908.60000000 Bank of New York Mellon Corp. N/A N/A WFLLPEPC7FZXENRZV188 3537662066.03000020 Goldman Sachs & Co. LLC 8-00129 000000361 FOR8UP27PHTHYVLBNG30 77516034.79999999 RBC Capital Markets, LLC 8-45411 000031194 549300LCO2FLSSVFFR64 34581337.14999999 Merrill Lynch, Pierce, Fenner & Smith Inc. 8-07221 000007691 8NAV47T0Y26Q87Y0QP81 56608757.07000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 1372575845.72000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 224403901.84000000 INTL FCStone Financial Inc. 8-51269 000045993 549300LNKU6K5TJCRG93 76383624.18999999 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 2578667413.36000010 Citigroup Global Markets Inc. 8-08177 000007059 MBNUM2BPBDO7JBLYG310 48903870.56000000 Credit Suisse Securities (USA) LLC 8-00422 000000816 1V8Y6QCX6YMJ2OELII46 7721400000.00000000 15750302443.43000000 Y 8653207952.38000000 Committed 2675000000.00000000 N N N N Franklin Mutual Financial Services Fund S000007865 PBVS5HOGS4QFZMXTTD93 N 4 0 0 N/A N N Y N N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N Revenue sharing split 133641.21200000 2924.00000000 Rule 32a-4 (17 CFR 270.32a-4) Rule 22d-1 (17 CFR 270.22d-1) Rule 12d1-1 (17 CFR 270.12d1-1) Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) Y Y N N Franklin Mutual Advisers, LLC 801-53068 000111376 549300700KN6X7XAH545 N Franklin Templeton Investor Services, LLC 084-01036 N/A Y N N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Refinitiv Global Markets Inc. 000109120 CRD N N THE BANK OF NEW YORK MELLON 213800DROGI9KQYMCP91 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC PORTUGAL BRANCH N1FBEDJ5J41VKZLO2475 PT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 2HI3YI5320L3RW6NJ957 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK BERMUDA LIMITED 0W1U67PTV5WY3WYWKD79 BM N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC HUNGARIAN BRANCH N1FBEDJ5J41VKZLO2475 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) LANDSBANKINN HF 549300TLZPT6JELDWM92 IS N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK A.S. 789000N5SE3LWDK7OI11 TR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UNICREDIT BANK AUSTRIA AG D1HEB8VEU6D9M8ZUXG17 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 IE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC, ORGANIZACNI SLOZKA N1FBEDJ5J41VKZLO2475 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 549300WCGB70D06XZS54 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN F3JS33DEI6XQ4ZBPTN86 FI N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800DROGI9KQYMCP91 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800PY5I5D4T5NED50 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN AB F3JS33DEI6XQ4ZBPTN86 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN F3JS33DEI6XQ4ZBPTN86 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. MYTK5NHHP1G8TVFGT193 PE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 549300KP56LL8NKKFL47 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CREDIT SUISSE (SCHWEIZ) AG 549300CWR0W0BCS9Q144 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) MUFG BANK, LTD. C3GTMMZIHMY46P4OIX74 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK MAGHREB 5493003FVWLMBFTISI11 MA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 IN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) OSLOFILIALEN F3JS33DEI6XQ4ZBPTN86 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GREECE MP6I5ZYZBEU3UXPYFY54 CY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG, SEOUL BRANCH 529900LKVNEX4SG4UD38 KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV MMYX0N4ZEZ13Z4XCG897 BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 2138001Y512RXGN3R994 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK AUSTRALIA LIMITED DY9DBNI4W8J63Z298033 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 ID N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 213800YAFR3TXTCJHM14 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. E57ODZWZ7FF32TWEFA76 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. E57ODZWZ7FF32TWEFA76 AR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD CHARTERED BANK (SINGAPORE) LIMITED 549300MDYVVHJ8D1DW28 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK (TAIWAN) LIMITED 549300SG184IVNYDMN03 TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK POLSKA KASA OPIEKI SA - BANK PEKAO SA 5493000LKS7B3UTF7H35 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK HAPOALIM B.M. B6ARUI4946ST4S7WOU88 IL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 213800PY5I5D4T5NED50 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD BANK OF SOUTH AFRICA LIMITED,THE QFC8ZCW3Q5PRXU1XTM60 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANCO BILBAO VIZCAYA ARGENTARIA S.A. K8MS7FD7N5Z2WQ51AZ71 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK (MALAYSIA) BERHAD 529900DLWFR8HK7DR278 MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) HONGKONG AND SHANGHAI BANKING CORPORATION LTD., THE 2HI3YI5320L3RW6NJ957 MU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GREECE 549300WCGB70D06XZS54 GR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N Franklin Templeton Investor Services, LLC 084-01036 SEC file number Y N N Franklin Templeton Services, LLC 549300DFD0POOJZ42788 Y N JPMorgan Chase Bank, N.A. 7H6GLXDRUGQFU57RNE97 N Y N Franklin Templeton Financial Services Corp. 8-29504 000013594 N/A 0.00000000 Franklin Templeton Investment Services, Inc. 8-43206 000027884 N/A 0.00000000 Franklin Distributors, LLC 8-5889 000000332 N/A 0.00000000 SMBC Nikko Securities America, Inc. 8-43852 000028602 6PJDTY319315T5LR2241 3074.70000000 Bay Crest Partners, LLC 8-48931 000039944 549300CTRRO8C3BU3H64 4581.85999999 Dowling & Partners Securities, LLC 8-35658 000024746 254900NTPWGHA2OLDV63 6416.86000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 7835.37000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 8438.51000000 Goldman Sachs & Co. LLC 8-00129 000000361 FOR8UP27PHTHYVLBNG30 3399.25000000 Berenberg Capital Markets LLC 8-68821 000156757 5493007EG0CYRKKG9L11 8818.57000000 Sanford C. Bernstein & Co., LLC 8-52942 000104474 549300I7JYZHT7D5CO04 13107.91000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 15963.57000000 Keefe, Bruyette & Woods, Inc. 8-10888 000000481 549300OM47DQV01G4854 25258.16000000 114375.41000000 Bank of New York Mellon Corp. N/A N/A WFLLPEPC7FZXENRZV188 749899548.52999997 Sanford C. Bernstein & Co., LLC 8-52942 000104474 549300I7JYZHT7D5CO04 26.08000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 176599244.75999999 Credit Agricole Securities (USA) Inc. 8-13753 000000190 549300WO2DKF0Q3YMV43 1200000.00000000 Credit Suisse Securities (USA) LLC 8-00422 000000816 1V8Y6QCX6YMJ2OELII46 838000000.00000000 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 30149980.14000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 1982500.00000000 1797831299.51000000 Y 401399908.84000000 Committed 2675000000.00000000 N N N N Franklin Mutual Global Discovery Fund S000007861 MCWMYIJMNSM9HLUJFK91 N 5 0 0 N/A N N Y N N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N Revenue sharing split 557408.73899999 4428.00000000 Rule 12d1-1 (17 CFR 270.12d1-1) Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Franklin Mutual Advisers, LLC 801-53068 000111376 549300700KN6X7XAH545 N Franklin Templeton Investor Services, LLC 084-01036 N/A Y N N Refinitiv Global Markets Inc. 000109120 CRD N Bloomberg L.P. 549300B56MD0ZC402L06 N IHS Markit Group Holdings Ltd. 2138005LTLTVZ4WMEX25 GB N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N N CITIBANK N.A. MYTK5NHHP1G8TVFGT193 PE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK (MALAYSIA) BERHAD 529900DLWFR8HK7DR278 MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN AB F3JS33DEI6XQ4ZBPTN86 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK MAGHREB 5493003FVWLMBFTISI11 MA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 2138001Y512RXGN3R994 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. E57ODZWZ7FF32TWEFA76 AR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK BERMUDA LIMITED 0W1U67PTV5WY3WYWKD79 BM N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800DROGI9KQYMCP91 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK (TAIWAN) LIMITED 549300SG184IVNYDMN03 TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC HUNGARIAN BRANCH N1FBEDJ5J41VKZLO2475 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800DROGI9KQYMCP91 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 549300KP56LL8NKKFL47 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800PY5I5D4T5NED50 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 213800PY5I5D4T5NED50 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GREECE MP6I5ZYZBEU3UXPYFY54 CY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV MMYX0N4ZEZ13Z4XCG897 BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK A.S. 789000N5SE3LWDK7OI11 TR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 2HI3YI5320L3RW6NJ957 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK AUSTRALIA LIMITED DY9DBNI4W8J63Z298033 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) MUFG BANK, LTD. C3GTMMZIHMY46P4OIX74 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 ID N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD CHARTERED BANK (SINGAPORE) LIMITED 549300MDYVVHJ8D1DW28 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC, ORGANIZACNI SLOZKA N1FBEDJ5J41VKZLO2475 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 IE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CREDIT SUISSE (SCHWEIZ) AG 549300CWR0W0BCS9Q144 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 213800YAFR3TXTCJHM14 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN F3JS33DEI6XQ4ZBPTN86 FI N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LTD., THE 2HI3YI5320L3RW6NJ957 MU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK HAPOALIM B.M. B6ARUI4946ST4S7WOU88 IL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK POLSKA KASA OPIEKI SA - BANK PEKAO SA 5493000LKS7B3UTF7H35 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANCO BILBAO VIZCAYA ARGENTARIA S.A. K8MS7FD7N5Z2WQ51AZ71 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 IN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD BANK OF SOUTH AFRICA LIMITED,THE QFC8ZCW3Q5PRXU1XTM60 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) LANDSBANKINN HF 549300TLZPT6JELDWM92 IS N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN F3JS33DEI6XQ4ZBPTN86 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) OSLOFILIALEN F3JS33DEI6XQ4ZBPTN86 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GREECE 549300WCGB70D06XZS54 GR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG, SEOUL BRANCH 529900LKVNEX4SG4UD38 KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 549300WCGB70D06XZS54 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. E57ODZWZ7FF32TWEFA76 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UNICREDIT BANK AUSTRIA AG D1HEB8VEU6D9M8ZUXG17 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N Franklin Templeton Investor Services, LLC 084-01036 SEC File number Y N N JPMorgan Chase Bank, N.A. 7H6GLXDRUGQFU57RNE97 N Y Franklin Templeton Services, LLC 549300DFD0POOJZ42788 Y N N Franklin Distributors, LLC 8-5889 000000332 N/A 0.00000000 Franklin Templeton Financial Services Corp. 8-29504 000013594 N/A 0.00000000 Franklin Templeton Investment Services, Inc. 8-43206 000027884 N/A 0.00000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 317442.09000000 Citigroup Global Markets Inc. 8-08177 000007059 MBNUM2BPBDO7JBLYG310 218281.91000000 Sanford C. Bernstein & Co., LLC 8-52942 000104474 549300I7JYZHT7D5CO04 371916.38000000 Exane, Inc. 8-49569 000041784 6SDWK6FV8H98XAGSYS75 154871.16000000 Merrill Lynch, Pierce, Fenner & Smith Inc. 8-07221 000007691 8NAV47T0Y26Q87Y0QP81 274971.19000000 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 210295.74000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 387756.04000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 400328.46000000 Credit Suisse Securities (USA) LLC 8-00422 000000816 1V8Y6QCX6YMJ2OELII46 279727.78000000 HSBC Securities (USA) Inc. 8-41562 000019585 CYYGQCGNHMHPSMRL3R97 176297.09000000 4406169.25000000 Goldman Sachs & Co. LLC 8-00129 000000361 FOR8UP27PHTHYVLBNG30 94303043.93000000 Citigroup Global Markets Inc. 8-08177 000007059 MBNUM2BPBDO7JBLYG310 38625176.25000000 Bank of New York Mellon Corp. N/A N/A WFLLPEPC7FZXENRZV188 4784551807.67000010 Credit Suisse Securities (USA) LLC 8-00422 000000816 1V8Y6QCX6YMJ2OELII46 7330000000.00000000 INTL FCStone Financial Inc. 8-51269 000045993 549300LNKU6K5TJCRG93 48825226.28999999 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 2780850412.13000010 Credit Agricole Securities (USA) Inc. 8-13753 000000190 549300WO2DKF0Q3YMV43 25800000.00000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 1429673389.02000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 289426019.85000002 Merrill Lynch, Pierce, Fenner & Smith Inc. 8-07221 000007691 8NAV47T0Y26Q87Y0QP81 52047515.96999999 16883175440.49000000 Y 10355023357.74000000 Committed 2675000000.00000000 N N N N Franklin Mutual European Fund S000007862 RLTH36HD42VD8KSXLM66 N 5 0 0 N/A N N Y N N BNY Mellon HPFHU0OQ28E4N0NFVK49 N N Revenue sharing split 97.84666670 0.00000000 Rule 12d1-1 (17 CFR 270.12d1-1) Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G)) Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y N N Franklin Mutual Advisers, LLC 801-53068 000111376 549300700KN6X7XAH545 N Franklin Templeton Investor Services, LLC 084-01036 N/A Y N N Refinitiv Global Markets Inc. 000109120 CRD N ICE Data Pricing & Reference Data, LLC 5493000NQ9LYLDBCTL34 N Bloomberg L.P. 549300B56MD0ZC402L06 N N HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD BANK OF SOUTH AFRICA LIMITED,THE QFC8ZCW3Q5PRXU1XTM60 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UNICREDIT BANK AUSTRIA AG D1HEB8VEU6D9M8ZUXG17 AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANCO BILBAO VIZCAYA ARGENTARIA S.A. K8MS7FD7N5Z2WQ51AZ71 ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800DROGI9KQYMCP91 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GREECE 549300WCGB70D06XZS54 GR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD CHARTERED BANK (SINGAPORE) LIMITED 549300MDYVVHJ8D1DW28 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800PY5I5D4T5NED50 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC HUNGARIAN BRANCH N1FBEDJ5J41VKZLO2475 HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 213800PY5I5D4T5NED50 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK HAPOALIM B.M. B6ARUI4946ST4S7WOU88 IL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK AUSTRALIA LIMITED DY9DBNI4W8J63Z298033 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) OSLOFILIALEN F3JS33DEI6XQ4ZBPTN86 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG, SEOUL BRANCH 529900LKVNEX4SG4UD38 KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN F3JS33DEI6XQ4ZBPTN86 FI N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 213800YAFR3TXTCJHM14 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 2HI3YI5320L3RW6NJ957 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) MUFG BANK, LTD. C3GTMMZIHMY46P4OIX74 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK A.S. 789000N5SE3LWDK7OI11 TR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED, THE 2HI3YI5320L3RW6NJ957 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) BANK POLSKA KASA OPIEKI SA - BANK PEKAO SA 5493000LKS7B3UTF7H35 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 IE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV MMYX0N4ZEZ13Z4XCG897 BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. E57ODZWZ7FF32TWEFA76 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN F3JS33DEI6XQ4ZBPTN86 DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 549300KP56LL8NKKFL47 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. E57ODZWZ7FF32TWEFA76 AR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC, POBOCKA ZAHRANICNEJ BANKY N1FBEDJ5J41VKZLO2475 SK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 549300WCGB70D06XZS54 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK BERMUDA LIMITED 0W1U67PTV5WY3WYWKD79 BM N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC PORTUGAL BRANCH N1FBEDJ5J41VKZLO2475 PT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) LANDSBANKINN HF 549300TLZPT6JELDWM92 IS N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON 213800DROGI9KQYMCP91 FR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN AB F3JS33DEI6XQ4ZBPTN86 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) THE BANK OF NEW YORK MELLON SA/NV 2138001Y512RXGN3R994 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG 529900LKVNEX4SG4UD38 ID N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GREECE MP6I5ZYZBEU3UXPYFY54 CY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPORATION LTD., THE 2HI3YI5320L3RW6NJ957 MU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC, ORGANIZACNI SLOZKA N1FBEDJ5J41VKZLO2475 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CREDIT SUISSE (SCHWEIZ) AG 549300CWR0W0BCS9Q144 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK (MALAYSIA) BERHAD 529900DLWFR8HK7DR278 MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N Franklin Templeton Investor Services, LLC 084-01036 SEC File number Y N N JPMorgan Chase Bank, N.A. 7H6GLXDRUGQFU57RNE97 N Y Franklin Templeton Services, LLC 549300DFD0POOJZ42788 Y N N Franklin Distributors, LLC 8-5889 000000332 N/A 0.00000000 Franklin Templeton Financial Services Corp. 8-29504 000013594 N/A 0.00000000 Franklin Templeton Investment Services, Inc. 8-43206 000027884 N/A 0.00000000 Liberum 8-67976 000148135 N/A 16184.71000000 REDBURN (USA) LLC 8-67320 000140564 N/A 19685.87000000 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 28917.63000000 Berenberg Capital Markets LLC 8-68821 000156757 5493007EG0CYRKKG9L11 22502.59000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 51637.21000000 Citigroup Global Markets Inc. 8-08177 000007059 MBNUM2BPBDO7JBLYG310 20086.73000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 48878.15000000 Exane, Inc. 8-49569 000041784 6SDWK6FV8H98XAGSYS75 37187.33999999 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 31536.05000000 Sanford C. Bernstein & Co., LLC 8-52942 000104474 549300I7JYZHT7D5CO04 55784.30000000 425626.24000000 Bank of New York Mellon Corp. N/A N/A WFLLPEPC7FZXENRZV188 1785596239.09999990 Barclays Capital, Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 86699933.45999999 Credit Agricole Securities (USA) Inc. 8-13753 000000190 549300WO2DKF0Q3YMV43 3500000.00000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 171793492.88000000 Credit Suisse Securities (USA) LLC 8-00422 000000816 1V8Y6QCX6YMJ2OELII46 1690000000.00000000 3737589665.44000010 Y 817484643.17000000 Committed 2675000000.00000000 N N N N false false true false true false