Franklin Templeton Investments

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Mutual Shares Fund  – 
SharesA : Newspaper symbol TESIX : NASDAQ symbol Value : Fund Category
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Portfolio
Portfolio Facts1
Net Assets (millions) $5,035.4
Class A as of July 31, 2010
(updated monthly)
P/B ratio 1.46
as of June 30, 2010
(updated quarterly)
P/E ratio 12.24
as of June 30, 2010
(updated quarterly)
Portfolio turnover ratio 47.87
as of December 31, 2009
(updated annually)
Fees & Expenses View Performance
Expense ratio
as of May 01, 2010
(updated annually)		 1.20%
12b-1 fee2 0.3%
Max. initial sales charge 5.75%
Contingent deferred sales charge 0.00%
Volatility Measures
as of June 30, 2010
(Source: Thomson Financial)
(updated quarterly, based on a 3-year period)
Beta3 0.81
Alpha4 -1.07
Sharpe ratio5 -0.58
R squared6 0.91
Standard deviation7 20.10
Asset Mix1
 as of July 31, 2010
(updated monthly)
 
 
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Portfolio Holdings1
Number of positions: 229
Geographical Breakdown (as of July 31, 2010)
United States 53.60%
United Kingdom 11.10%
Germany 5.50%
Switzerland 4.20%
France 3.80%
Industry Breakdown (as of July 31, 2010)
Food, Beverage & Tobacco 17.00%
Energy 5.50%
Diversified Financials 5.30%
Insurance 5.20%
Capital Goods 4.90%
Food & Staples Retailing 4.50%
Health Care Equipment & Services 4.30%
Media 4.30%
Telecommunication Services 4.00%
Banks 3.90%
Top 10 Holdings (as of July 31, 2010)
CVS Caremark Corp. 2.40%
British American Tobacco PLC 2.30%
Kraft Foods Inc. 1.90%
Microsoft Corp. 1.80%
Altria Group Inc. 1.70%
Imperial Tobacco Group PLC 1.70%
Nestle SA 1.70%
UnitedHealth Group Inc. 1.50%
White Mountains Insurance Group Inc. 1.50%
Eli Lilly & Co. 1.40%
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Important Legal Information

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.

For more information on any of our funds, contact your financial advisor or download a free prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.

Value securities held in Mutual Shares Fund may not increase in price as anticipated or may decline further in value. The fund's investments in smaller-company stocks and foreign securities involve special risks. Smaller-company stocks have exhibited greater price volatility than larger-company stocks, particularly over the short term. Foreign securities risks include currency fluctuations, and economic and political uncertainties. The fund may also invest in companies engaged in mergers, reorganizations or liquidations, which involve special risks as pending deals may not be completed on time or on favorable terms, as well as lower-rated bonds, which entail higher credit risk. Please consult the prospectus for a more detailed description of the fund's risks.

Footnotes

  1. Portfolio holdings are subject to change.
  2. Represents the maximum amount of Rule 12b-1 distribution and service fees the Fund may pay.
  3. A measure of the fund's volatility relative to the market, as represented by the Russell 3000 Value Index. A beta greater than 1.00 indicates volatility greater than the market. Based on the 3-years ended as of the date of the calculation.
  4. The annualized percentage difference between a fund's actual returns and its expected performance given its level of market risk, as measured by beta. Based on the 3-years ended as of the date of the calculation.
  5. A statistical measurement of a fund's historical risk-adjusted performance. It is calculated by taking a fund's excess return over that of the three-month Treasury bill divided by its standard deviation. Higher values generally indicate better historical risk-adjusted performance. Based on the 3 years ended as of the date of the calculation.
  6. Percentage of the fund's returns explained by movements in the Russell 3000 Value Index. 1.00 equals perfect correlation to the index. Based on the 3-years ended as of the date of the calculation.
  7. A statistical measurement of the range of a fund's total returns. In general, a higher standard deviation means greater volatility. Based on the fund's monthly returns over the 3-year period ended as of the date of the calculation.

For U.S. residents only.