NPORT-P false 0000825063 XXXXXXXX S000007862 C000021382 C000021384 C000021385 C000082422 C000128729 Franklin Mutual Series Funds 811-05387 0000825063 549300DW3N5FG4OTT022 101 John F. Kennedy Parkway Short Hills 07078-2791 973-912-2000 Franklin Mutual International Value Fund S000007862 RLTH36HD42VD8KSXLM66 2025-12-31 2025-12-31 N 1251522041.98 5896818.23 1245625223.75 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 0.00000000 N British American Tobacco plc 213800FKA5MF17RJKT63 N/A 483701.00000000 NS 27421326.53000000 2.201410665677 Long EC CORP GB N 2 N N N HSBC Holdings plc MLU0ZO3ML4LN2LL2TL39 N/A 1483364.00000000 NS 23342128.43000000 1.873928689379 Long EC CORP GB N 2 N N N Prudential plc 5493001Z3ZE83NGK8Y12 N/A 2001079.00000000 NS 30782753.88000000 2.471269310629 Long EC CORP GB N 2 N N N St James's Place plc 213800M993ICXOMBCP87 N/A 1115907.00000000 NS 20727303.88000000 1.664008040684 Long EC CORP GB N 2 N N N BP plc 213800LH1BZH3DI6G760 N/A 4943623.00000000 NS 28831030.83000000 2.314583092914 Long EC CORP GB N 2 N N N Babcock International Group plc 213800TSKOLX4EU6L377 N/A 903082.00000000 NS 15049689.47000000 1.208203654120 Long EC CORP GB N 2 N N N Airbus SE MINO79WLOO247M1IL051 N/A 102049.00000000 NS 23698225.62000000 1.902516516858 Long EC CORP NL N 2 N N N Capgemini SE 96950077L0TN7BAROX36 N/A 132733.00000000 NS 22040080.28000000 1.769399002185 Long EC CORP FR N 2 N N N Franklin Institutional U.S. Government Money Market Fund 549300M4TP89K77LG374 457756500 25268997.86000000 NS USD 25268997.86000000 2.028619634397 Long STIV RF US N 1 N N N Hellenic Telecommunications Organization SA ELPUFM0XZRZO4LFXW404 N/A 953351.00000000 NS 18889574.67000000 1.516473358907 Long EC CORP GR N 1 N N N BASF SE 529900PM64WH8AF1E917 N/A 457302.00000000 NS 24062592.08000000 1.931768209346 Long EC CORP DE N 2 N N N Deutsche Bank AG 7LTWFZYICNSX8D621K86 N/A 658484.00000000 NS 25377405.06000000 2.037322669462 Long EC CORP DE N 2 N N N Deutsche Telekom AG 549300V9QSIG4WX4GJ96 N/A 819713.00000000 NS 26682523.83000000 2.142098869005 Long EC CORP DE N 2 N N N Koninklijke KPN NV 549300YO0JZHAL7FVP81 N/A 3959296.00000000 NS 18500668.45000000 1.485251590707 Long EC CORP NL N 2 N N N Asahi Group Holdings Ltd. 353800KAJ02XNHLCJW79 N/A 1712735.00000000 NS 17952553.87000000 1.441248421090 Long EC CORP JP N 2 N N N Mondelez International, Inc. 549300DV9GIB88LZ5P30 609207105 352426.00000000 NS USD 18971091.58000000 1.523017615433 Long EC CORP US N 1 N N N Coca-Cola Bottlers Japan Holdings, Inc. 353800XN1G90665VTQ16 N/A 1224832.00000000 NS 24747925.06000000 1.986787405082 Long EC CORP JP N 2 N N N DBS Group Holdings Ltd. 5493007FKT78NKPM5V55 N/A 554798.00000000 NS 24302734.79000000 1.951047098808 Long EC CORP SG N 2 N N N Pan Pacific International Holdings Corp. 529900QLHJM2E18A5763 N/A 3788831.00000000 NS 22569703.24000000 1.811917646629 Long EC CORP JP N 2 N N N SBI Holdings, Inc. 353800L6LMHYIPSMRQ17 N/A 836574.00000000 NS 18028178.58000000 1.447319646091 Long EC CORP JP N 2 N N N Mitsubishi UFJ Financial Group, Inc. 353800V2V8PUY9TK3E06 N/A 1674753.00000000 NS 26580128.77000000 2.133878494366 Long EC CORP JP N 2 N N N Mizuho Financial Group, Inc. 353800CI5L6DDAN5XZ33 N/A 504984.00000000 NS 18429170.38000000 1.479511656364 Long EC CORP JP N 2 N N N Mitsubishi Electric Corp. 549300TRXM9Y6561AX39 N/A 389464.00000000 NS 11355545.86000000 0.911634225406 Long EC CORP JP N 2 N N N Denso Corp. 549300RYPA10CQM3QK38 N/A 1301127.00000000 NS 17971319.05000000 1.442754907924 Long EC CORP JP N 2 N N N Olympus Corp. 5299000Y52IFDI1I2A21 N/A 1478393.00000000 NS 18744921.53000000 1.504860464656 Long EC CORP JP N 2 N N N Sony Group Corp. 529900R5WX9N2OI2N910 N/A 479438.00000000 NS 12298058.63000000 0.987300063896 Long EC CORP JP N 2 N N N Toyota Motor Corp. 5493006W3QUS5LMH6R84 N/A 1171201.00000000 NS 25153997.91000000 2.019387326974 Long EC CORP JP N 2 N N N Novartis AG 5493007HIVTX6SY6XD66 N/A 220460.00000000 NS 30378504.85000000 2.438815806775 Long EC CORP CH N 2 N N N Roche Holding AG 549300U41AUUVOAAOB37 N/A 106933.00000000 NS 44160150.64000000 3.545219685504 Long EC CORP CH N 2 N N N Nestle SA KY37LUS27QQX7BB93L28 N/A 133720.00000000 NS 13272929.68000000 1.065563656461 Long EC CORP CH N 2 N N N BNP Paribas SA R0MUWSFPU8MPRO8K5P83 N/A 353513.00000000 NS 33444819.23000000 2.684982496525 Long EC CORP FR N 2 N N N Cie de Saint-Gobain SA NFONVGN05Z0FMN5PEC35 N/A 270588.00000000 NS 27516609.43000000 2.209060069220 Long EC CORP FR N 2 N N N SLB Ltd. 213800ZUA17OK3QLGM62 806857108 577791.00000000 NS USD 22175618.58000000 1.780280148248 Long EC CORP CW N 1 N N N Norsk Hydro ASA 549300N1SDN71ZZ8BO45 N/A 2168836.00000000 NS 16741624.10000000 1.344033805738 Long EC CORP NO N 2 N N N Metso OYJ 549300R0VN9C371W0E07 N/A 1288366.00000000 NS 22416493.83000000 1.799617846731 Long EC CORP FI N 2 N N N CaixaBank SA 7CUNS533WID6K7DGFI87 N/A 2033660.00000000 NS 24863782.55000000 1.996088556648 Long EC CORP ES N 2 N N N Cie Financiere Richemont SA 549300YIPGJ6UX2QPS51 N/A 58041.00000000 NS 12516602.31000000 1.004844962300 Long EC CORP CH N 2 N N N ASR Nederland NV 7245000G0HS48PZWUD53 N/A 350645.00000000 NS 24948671.09000000 2.002903490898 Long EC CORP NL N 2 N N N National Grid plc 8R95QZMKZLJX5Q2XR704 N/A 957009.00000000 NS 14679065.52000000 1.178449604272 Long EC CORP GB N 2 N N N NatWest Group plc 2138005O9XJIJN4JPN90 N/A 2429180.00000000 NS 21309452.26000000 1.710743476745 Long EC CORP GB N 2 N N N RENK Group AG 894500H8CNSZ53EI6K63 N/A 348743.00000000 NS 21734134.93000000 1.744837413019 Long EC CORP DE N 2 N N N Stellantis NV 549300LKT9PW7ZIBDF31 N/A 2408035.00000000 NS 26369685.36000000 2.116983893487 Long EC CORP NL N 2 N N N Tencent Holdings Ltd. 254900N4SLUMW4XUYY11 N/A 294307.00000000 NS 22586160.88000000 1.813238881916 Long EC CORP KY N 2 N N N Mondi plc 213800LOZA69QFDC9N34 N/A 1812594.00000000 NS 22114019.11000000 1.775334883105 Long EC CORP GB N 2 N N N Haleon plc 549300PSB3WWEODCUP19 N/A 5959260.00000000 NS 30114412.08000000 2.417614183288 Long EC CORP GB N 2 N N N Shell plc 21380068P1DRHMJ8KU70 N/A 686167.00000000 NS 25286798.20000000 2.030048662941 Long EC CORP GB N 2 N N N Aviva plc YF0Y5B0IB8SM0ZFG9G81 N/A 3113166.00000000 NS 28625322.59000000 2.298068636071 Long EC CORP GB N 2 N N N Zabka Group SA 549300TU2RZ35E4ET914 N/A 3695794.00000000 NS 23512222.45000000 1.887584002129 Long EC CORP LU N 2 N N N Unilever plc 549300MKFYEKVRWML317 N/A 278510.00000000 NS 18197059.53000000 1.460877572406 Long EC CORP GB N 2 N N N UniCredit SpA 549300TRUWO2CD2G5692 N/A 435565.00000000 NS 36076412.41000000 2.896249347086 Long EC CORP IT N 2 N N N ArcelorMittal SA 2EULGUTUI56JI9SAL165 N/A 558445.00000000 NS 25643524.80000000 2.058687020065 Long EC CORP LU N 2 N N N ING Groep NV 549300NYKK9MWM7GGW15 N/A 677697.00000000 NS 19048866.05000000 1.529261425250 Long EC CORP NL N 2 N N N Swiss Franc N/A N/A -0.01000000 OU Currencies -0.01000000 -0.00000000080 Short STIV CH N 1 N N N EURO N/A N/A 92289.08000000 OU Currencies 108458.13000000 0.008707123774 Long STIV XX N 1 N N N Pound Sterling N/A N/A 615494.48000000 OU Currencies 829655.78000000 0.066605569972 Long STIV GB N 1 N N N Yen N/A N/A -6.00000000 OU Currencies -0.04000000 -0.00000000321 Short STIV JP N 1 N N N Won N/A N/A 37.15000000 OU Currencies 0.03000000 0.000000002408 Long STIV KR N 1 N N N AerCap Holdings NV 549300SZYINBBLJQU475 N/A 172147.00000000 NS USD 24747852.72000000 1.986781597557 Long EC CORP NL N 1 N N N CNH Industrial NV 549300WGC2HZ5J67V817 N/A 1352652.00000000 NS USD 12471451.44000000 1.001220206705 Long EC CORP NL N 1 N N N NXP Semiconductors NV 724500M9BY5293JDF951 N/A 53104.00000000 NS USD 11526754.24000000 0.925379000057 Long EC CORP NL N 1 N N N 2026-01-30 Franklin Mutual Series Funds Monica Krogh Monica Krogh Assistant Treasurer