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) 19.51 4.35 6.69 9.13 8.86
Fund with Sales Charge (%) (POP) 19.51 4.35 6.69 9.13 8.86
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) 19.51 4.35 6.69 9.13 8.86
Fund with Sales Charge (%) (POP) 19.51 4.35 6.69 9.13 8.86
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 18.94 3.71 6.14 8.61
Fund without Sales Charge (%) (NAV) After Shares Sold 11.95 3.31 5.20 7.41
Fund with Sales Charge (%) (POP) Before Shares Sold 18.94 3.71 6.14 8.61
Fund with Sales Charge (%) (POP) After Shares Sold 11.95 3.31 5.20 7.41
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 18.94 3.71 6.14 8.61
Fund without Sales Charge (%) (NAV) After Shares Sold 11.95 3.31 5.20 7.41
Fund with Sales Charge (%) (POP) Before Shares Sold 18.94 3.71 6.14 8.61
Fund with Sales Charge (%) (POP) After Shares Sold 11.95 3.31 5.20 7.41

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013
Fund without Sales Charge (%) (NAV) 19.51 -16.41 13.76 12.09 8.55 11.23 25.94
Fund with Sales Charge (%) (POP) 19.51 -16.41 13.76 12.09 8.55 11.23 25.94
MSCI World Financials Sector Index (%) 26.41 -16.46 23.41 13.18 -2.87 3.67 27.95
S&P Financials Index (%) 32.13 -13.03 22.18 22.80 -1.53 15.20 35.63

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) 7.34 19.51 19.51 13.64 38.26 139.62 568.24
Fund with Sales Charge (%) (POP) 7.34 19.51 19.51 13.64 38.26 139.62 568.24
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) 7.34 19.51 19.51 13.64 38.26 139.62 568.24
Fund with Sales Charge (%) (POP) 7.34 19.51 19.51 13.64 38.26 139.62 568.24
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) 11.75 12.38 12.00
Standard Deviation (MSCI World Financials Sector Index) 13.88 14.88 16.62
Beta 0.81 0.80 0.68
Sharpe Ratio 0.23 0.46 0.71
Information Ratio -1.14 -0.16 0.19
Tracking Error 4.26 4.62 6.72

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 0.83 0.88 0.75
Bull Bear Capture Ratio 0.78 0.96 1.08
% of Positive Months 58.33 60.00 62.50
Gains/Losses 1.35 1.50 1.75
Maximum Drawdown
19.56 19.56 19.67

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

Gross Expense Ratio 1.06%
Net Expense Ratio [further-information] 0.97%
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 0.23
Standard Deviation 11.75

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