NPORT-P false 0000825063 XXXXXXXX S000007860 C000021375 C000021373 C000021376 C000128727 C000082421 Franklin Mutual Series Funds 811-05387 0000825063 549300DW3N5FG4OTT022 101 John F. Kennedy Parkway Short Hills 07078-2791 973-912-2000 Franklin Mutual Beacon Fund S000007860 2P5J8F77YSRTYSP23G45 2023-12-31 2023-06-30 N 3036486731.91 38139962.65 2998346769.26 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 126415262.15000001 N Linked MSCI World Value Index-NR HB10534 Kraft Heinz Co. (The) 9845007488EC87F5AF14 500754106 500576.00000000 NS USD 17770448.00000000 0.592674876108 Long EC CORP US N 1 N N N Gen Digital, Inc. YF6ZV0M6AU4FY94MK914 668771108 3047595.00000000 NS USD 56532887.25000000 1.885468613223 Long EC CORP US N 1 N N N Eli Lilly & Co. FRDRIPF3EKNDJ2CQJL29 532457108 145255.00000000 NS USD 68121689.90000000 2.271975029653 Long EC CORP US N 1 N N N BlackRock, Inc. 549300LRIF3NWCU26A80 09247X101 140708.00000000 NS USD 97248927.12000000 3.243418276932 Long EC CORP US N 1 N N N GSK plc 5493000HZTVUYLO1D793 N/A 5236438.00000000 NS 92803096.66000000 3.095142216752 Long EC CORP GB N 2 N N N British American Tobacco plc 213800FKA5MF17RJKT63 N/A 2650689.00000000 NS 88070322.47000000 2.937296091730 Long EC CORP GB N 2 N N N Merck & Co., Inc. 4YV9Y5M8S0BRK1RP0397 58933Y105 637237.00000000 NS USD 73530777.43000000 2.452377362880 Long EC CORP US N 1 N N N BNP Paribas SA R0MUWSFPU8MPRO8K5P83 N/A 1247577.00000000 NS 78736752.88000000 2.626005560371 Long EC CORP FR N 2 N N N United Parcel Service, Inc. D01LMJZU09ULLNCY6Z23 911312106 367543.00000000 NS USD 65882082.75000000 2.197280295442 Long EC CORP US N 1 N N N Johnson Controls International plc 549300XQ6S1GYKGBL205 N/A 1316811.00000000 NS USD 89727501.54000000 2.992565851952 Long EC CORP IE N 1 N N N Hartford Financial Services Group, Inc. (The) IU7C3FTM7Y3BQM112U94 416515104 1293495.00000000 NS USD 93157509.90000000 3.106962505307 Long EC CORP US N 1 N N N Airbus SE MINO79WLOO247M1IL051 N/A 635949.00000000 NS 91955038.47000000 3.066858023653 Long EC CORP NL N 2 N N N Cie Financiere Richemont SA 549300YIPGJ6UX2QPS51 N/A 546897.00000000 NS 92905494.97000000 3.098557375767 Long EC CORP CH N 2 N N N BP plc 213800LH1BZH3DI6G760 N/A 18946438.00000000 NS 110313321.43000000 3.679138202457 Long EC CORP GB N 2 N N N International Paper Co. 824LMFJDH41EY779Q875 460146103 2107492.00000000 NS USD 67039320.52000000 2.235876157064 Long EC CORP US N 1 N N N Meta Platforms, Inc. BQ4BKCS1HXDV9HN80Z93 30303M102 307091.00000000 NS USD 88128975.18000000 2.939252260062 Long EC CORP US N 1 N N N Medtronic plc 549300GX3ZBSQWUXY261 N/A 1354332.00000000 NS USD 119316649.20000000 3.979414603516 Long EC CORP IE N 1 N N N DBS Group Holdings Ltd. 5493007FKT78NKPM5V55 N/A 3653252.00000000 NS 85316753.07000000 2.845459836223 Long EC CORP SG N 2 N N N Reckitt Benckiser Group plc 5493003JFSMOJG48V108 N/A 1330606.00000000 NS 99996192.93000000 3.335044296916 Long EC CORP GB N 2 N N N Activision Blizzard, Inc. 549300TPQQDBP9GNOF40 00507V109 700303.00000000 NS USD 59035542.90000000 1.968936465429 Long EC CORP US N 1 N N N Walter Energy, Inc. N/A N/A 5229000.00000000 NS USD 0.00000000 0.000000 Long EC CORP US N 3 N N N International Automotive Components Group BVBA N/A N/A 2846329.00000000 NS USD 90775.12000000 0.003027505721 Long EC CORP BR Y 3 N N N Seven & i Holdings Co. Ltd. 52990037G8JRM3TWGY86 N/A 877445.00000000 NS 37912774.51000000 1.264455962822 Long EC CORP JP N 2 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 46625H100 871018.00000000 NS USD 126680857.92000000 4.225023576951 Long EC CORP US N 1 N N N Haleon plc 549300PSB3WWEODCUP19 N/A 22026752.00000000 NS 90408132.98000000 3.015266076188 Long EC CORP GB N 2 N N N Schlumberger NV 213800ZUA17OK3QLGM62 806857108 1427510.00000000 NS USD 70119291.20000000 2.338598454284 Long EC CORP CW N 1 N N N Global Payments, Inc. 549300NOMHGVQBX6S778 37940X102 848564.00000000 NS USD 83600525.28000000 2.788220700057 Long EC CORP US N 1 N N N Rio Tinto plc 213800YOEO5OQ72G2R82 N/A 1104246.00000000 NS 70174508.14000000 2.340440033803 Long EC CORP GB N 2 N N N Tapestry, Inc. 549300LJNVY5SW3VTN33 876030107 1456949.00000000 NS USD 62357417.20000000 2.079726662683 Long EC CORP US N 1 N N N Elevance Health, Inc. 8MYN82XMYQH89CTMTH67 036752103 154910.00000000 NS USD 68824963.90000000 2.295430422045 Long EC CORP US N 1 N N N Heineken NV 724500K5PTPSST86UQ23 N/A 966195.00000000 NS 99369322.61000000 3.314137098109 Long EC CORP NL N 2 N N N Deutsche Telekom AG 549300V9QSIG4WX4GJ96 N/A 4316623.00000000 NS 94190939.94000000 3.141429167088 Long EC CORP DE N 2 N N N Parker-Hannifin Corp. 5493002CONDB4N2HKI23 701094104 235646.00000000 NS USD 91911365.84000000 3.065401466645 Long EC CORP US N 1 N N N Charter Communications, Inc. 0J0XRGZE3PBRFEZ7MV65 16119P108 264440.00000000 NS USD 97147322.80000000 3.240029598843 Long EC CORP US N 1 N N N Novartis AG 5493007HIVTX6SY6XD66 66987V109 1076476.00000000 NS USD 108627193.16000000 3.622902936834 Long EC CORP CH N 1 N N N Brixmor Property Group, Inc. 5299007UXW6Y0W2EGZ95 11120U105 3003199.00000000 NS USD 66070378.00000000 2.203560264522 Long EC CORP US N 1 N N N Ferguson plc 213800DU1LGY3R2S2X42 N/A 550578.00000000 NS USD 86611425.18000000 2.888639368466 Long EC CORP JE N 1 N N N 2023-07-31 Franklin Mutual Series Funds Ryan Wheeler Ryan Wheeler Assistant Treasurer