Franklin Mutual Financial Services Fund

Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/19/1997
Fund without Sales Charge (%) (NAV) 19.32 4.22 6.54 8.94 8.55
Fund with Sales Charge (%) (POP) 19.32 4.22 6.54 8.94 8.55
MSCI World Financials Sector Index (%) 26.41 9.23 7.46 7.85
S&P Financials Index (%) 32.13 11.98 11.17 12.26 5.30
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/19/1997
Fund without Sales Charge (%) (NAV) 19.32 4.22 6.54 8.94 8.55
Fund with Sales Charge (%) (POP) 19.32 4.22 6.54 8.94 8.55
MSCI World Financials Sector Index (%) 26.41 9.23 7.46 7.85
S&P Financials Index (%) 32.13 11.98 11.17 12.26 5.30

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 18.78 3.61 6.03 8.42
Fund without Sales Charge (%) (NAV) After Shares Sold 11.82 3.21 5.08 7.25
Fund with Sales Charge (%) (POP) Before Shares Sold 18.78 3.61 6.03 8.42
Fund with Sales Charge (%) (POP) After Shares Sold 11.82 3.21 5.08 7.25
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 18.78 3.61 6.03 8.42
Fund without Sales Charge (%) (NAV) After Shares Sold 11.82 3.21 5.08 7.25
Fund with Sales Charge (%) (POP) Before Shares Sold 18.78 3.61 6.03 8.42
Fund with Sales Charge (%) (POP) After Shares Sold 11.82 3.21 5.08 7.25

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 19.32 -16.49 13.61 11.94 8.34 11.07 25.67 19.98 -9.26 12.84
Fund with Sales Charge (%) (POP) 19.32 -16.49 13.61 11.94 8.34 11.07 25.67 19.98 -9.26 12.84
MSCI World Financials Sector Index (%) 26.41 -16.46 23.41 13.18 -2.87 3.67 27.95 30.12 -18.07 5.07
S&P Financials Index (%) 32.13 -13.03 22.18 22.80 -1.53 15.20 35.63 28.82 -17.06 12.13

Cumulative Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/19/1997
Fund without Sales Charge (%) (NAV) 7.30 19.32 19.32 13.20 37.30 135.43 526.90
Fund with Sales Charge (%) (POP) 7.30 19.32 19.32 13.20 37.30 135.43 526.90
MSCI World Financials Sector Index (%) 8.90 26.41 26.41 30.31 43.26 112.86
S&P Financials Index (%) 10.47 32.13 32.13 40.40 69.78 217.78 217.28
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/19/1997
Fund without Sales Charge (%) (NAV) 7.30 19.32 19.32 13.20 37.30 135.43 526.90
Fund with Sales Charge (%) (POP) 7.30 19.32 19.32 13.20 37.30 135.43 526.90
MSCI World Financials Sector Index (%) 8.90 26.41 26.41 30.31 43.26 112.86
S&P Financials Index (%) 10.47 32.13 32.13 40.40 69.78 217.78 217.28

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 11.74 12.38 11.99
Standard Deviation (MSCI World Financials Sector Index) 13.88 14.88 16.62
Beta 0.81 0.80 0.68
Sharpe Ratio 0.22 0.44 0.70
Information Ratio -1.17 -0.20 0.16
Tracking Error 4.27 4.62 6.73

ADDITIONAL RISK STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.70 0.69 0.63
Beta Bear 0.82 0.88 0.75
Bull Bear Capture Ratio 0.77 0.95 1.07
% of Positive Months 58.33 60.00 62.50
Gains/Losses 1.34 1.49 1.73
Maximum Drawdown
19.62 19.62 19.73

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

Gross Expense Ratio 1.09%
Net Expense Ratio [further-information] 1.09%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Beta 0.81
Sharpe Ratio 0.22
Standard Deviation 11.74

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