Franklin Mutual Financial Services Fund

Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 08/19/1997
Fund without Sales Charge (%) (NAV) 2.85 5.57 5.48 8.15 8.28
Fund with Sales Charge (%) (POP) 2.85 5.57 5.48 8.15 8.28
MSCI World Financials Sector Index (%) 9.94 11.26 6.19 7.29
S&P Financials Index (%) 11.72 15.51 10.39 11.72 4.98
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 08/19/1997
Fund without Sales Charge (%) (NAV) -3.83 6.36 5.92 7.47 8.31
Fund with Sales Charge (%) (POP) -3.83 6.36 5.92 7.47 8.31
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 10/31/2019

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.03 5.01 4.97 7.63
Fund without Sales Charge (%) (NAV) After Shares Sold 2.12 4.26 4.23 6.56
Fund with Sales Charge (%) (POP) Before Shares Sold 2.03 5.01 4.97 7.63
Fund with Sales Charge (%) (POP) After Shares Sold 2.12 4.26 4.23 6.56
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -4.62 5.81 5.41 6.95
Fund without Sales Charge (%) (NAV) After Shares Sold -1.82 4.88 4.58 5.98
Fund with Sales Charge (%) (POP) Before Shares Sold -4.62 5.81 5.41 6.95
Fund with Sales Charge (%) (POP) After Shares Sold -1.82 4.88 4.58 5.98

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -16.49 13.61 11.94 8.34 11.07 25.67 19.98 -9.26 12.84 14.82
Fund with Sales Charge (%) (POP) -16.49 13.61 11.94 8.34 11.07 25.67 19.98 -9.26 12.84 14.82
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 10/31/2019

Month EndAs of 10/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/19/1997
Fund without Sales Charge (%) (NAV) 0.23 11.35 2.85 17.67 30.60 118.93 485.04
Fund with Sales Charge (%) (POP) 0.23 11.35 2.85 17.67 30.60 118.93 485.04
MSCI World Financials Sector Index (%) 2.68 19.14 9.94 37.70 35.00 102.17
S&P Financials Index (%) 1.98 22.49 11.72 54.09 63.94 202.95 194.15
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) 0.23 11.20 -3.83 20.32 33.33 105.58 484.25
Fund with Sales Charge (%) (POP) 0.23 11.20 -3.83 20.32 33.33 105.58 484.25
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 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 12.23 12.24 11.93
Standard Deviation (MSCI World Financials Sector Index) 14.45 14.84 16.60
Beta 0.82 0.79 0.68
Sharpe Ratio 0.33 0.37 0.64
Information Ratio -1.39 -0.15 0.13
Tracking Error 4.08 4.59 6.80

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.77 0.69 0.64
Beta Bear 0.82 0.89 0.75
Bull Bear Capture Ratio 0.76 0.95 1.05
% of Positive Months 58.33 58.33 61.67
Gains/Losses 1.43 1.42 1.67
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 10/31/2019 Updated Monthly, based on a 3-year period

Beta 0.82
Sharpe Ratio 0.33
Standard Deviation 12.23

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