Franklin Mutual Financial Services Fund

Average Annual Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/19/1997
Fund without Sales Charge (%) (NAV) 6.72 3.71 4.94 7.70 7.41
Fund with Sales Charge (%) (POP) 5.72 3.71 4.94 7.70 7.41
MSCI World Financials Sector Index (%) 11.52 9.56 6.51 7.41
S&P Financials Index (%) 14.16 12.42 10.98 11.79 5.19
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/19/1997
Fund without Sales Charge (%) (NAV) -4.75 5.31 4.86 6.41 7.25
Fund with Sales Charge (%) (POP) -5.68 5.31 4.86 6.41 7.25
MSCI World Financials Sector Index (%) 0.12 11.13 5.96 6.55
S&P Financials Index (%) 3.92 15.47 10.51 10.77 4.89

After-Tax Average Annual Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.00 3.36 4.63 7.39
Fund without Sales Charge (%) (NAV) After Shares Sold 4.33 2.80 3.80 6.21
Fund with Sales Charge (%) (POP) Before Shares Sold 5.00 3.36 4.63 7.39
Fund with Sales Charge (%) (POP) After Shares Sold 3.73 2.80 3.80 6.21
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -5.42 4.96 4.56 6.11
Fund without Sales Charge (%) (NAV) After Shares Sold -2.43 4.07 3.76 5.12
Fund with Sales Charge (%) (POP) Before Shares Sold -6.34 4.96 4.56 6.11
Fund with Sales Charge (%) (POP) After Shares Sold -2.98 4.07 3.76 5.12

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -17.35 12.50 10.79 7.30 9.93 24.50 18.67 -10.13 11.69 13.64
Fund with Sales Charge (%) (POP) -18.15 11.50 9.79 6.30 8.93 23.50 17.67 -11.01 10.69 12.64
MSCI World Financials Sector Index (%) -16.46 23.41 13.18 -2.87 3.67 27.95 30.12 -18.07 5.07 31.81
S&P Financials Index (%) -13.03 22.18 22.80 -1.53 15.20 35.63 28.82 -17.06 12.13 17.22

Cumulative Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/19/1997
Fund without Sales Charge (%) (NAV) 11.04 15.58 6.72 11.55 27.24 109.98 391.70
Fund with Sales Charge (%) (POP) 10.04 14.58 5.72 11.55 27.24 109.98 391.70
MSCI World Financials Sector Index (%) 11.42 22.66 11.52 31.49 37.09 104.35
S&P Financials Index (%) 12.57 28.67 14.16 42.06 68.33 204.68 208.98
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/19/1997
Fund without Sales Charge (%) (NAV) 0.00 10.40 -4.75 16.79 26.79 86.05 369.68
Fund with Sales Charge (%) (POP) -1.00 9.40 -5.68 16.79 26.79 86.05 369.68
MSCI World Financials Sector Index (%) 0.41 16.07 0.12 37.23 33.57 88.50
S&P Financials Index (%) 2.01 19.60 3.92 53.91 64.82 178.12 187.21

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 11.85 12.34 11.98
Standard Deviation (MSCI World Financials Sector Index) 13.94 14.87 16.61
Beta 0.82 0.80 0.68
Sharpe Ratio 0.18 0.32 0.60
Information Ratio -1.37 -0.34 0.04
Tracking Error 4.26 4.64 6.74

ADDITIONAL RISK STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.71 0.69 0.63
Beta Bear 0.82 0.88 0.75
Bull Bear Capture Ratio 0.74 0.91 1.01
% of Positive Months 58.33 58.33 61.67
Gains/Losses 1.30 1.37 1.62
Maximum Drawdown
20.39 20.39 20.39

SALES CHARGE, EXPENSES & FEES As of 05/01/2019 (updated annually)

Gross Expense Ratio 2.09%
Net Expense Ratio [further-information] 2.09%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 11/30/2019 Updated Monthly, based on a 3-year period

Beta 0.82
Sharpe Ratio 0.18
Standard Deviation 11.85

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • MSCI World Financials Sector Index
  • S&P Financials Index