Franklin Mutual Financial Services Fund

Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/19/1997
Fund without Sales Charge (%) (NAV) -30.47 -11.32 -3.73 3.17 5.94
Fund with Sales Charge (%) (POP) -34.29 -12.97 -4.81 2.58 5.67
MSCI World Financials Sector Index (%) -20.51 -5.33 -0.61 3.35
S&P Financials Index (%) -17.15 -2.31 3.36 6.89 3.46
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 08/19/1997
Fund without Sales Charge (%) (NAV) -30.47 -11.32 -3.73 3.17 5.94
Fund with Sales Charge (%) (POP) -34.29 -12.97 -4.81 2.58 5.67
MSCI World Financials Sector Index (%) -20.51 -5.33 -0.61 3.35
S&P Financials Index (%) -17.15 -2.31 3.36 6.89 3.46

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -30.74 -11.78 -4.14 2.74
Fund without Sales Charge (%) (NAV) After Shares Sold -17.64 -8.18 -2.64 2.57
Fund with Sales Charge (%) (POP) Before Shares Sold -34.54 -13.43 -5.22 2.16
Fund with Sales Charge (%) (POP) After Shares Sold -19.92 -9.36 -3.44 2.10
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -30.74 -11.78 -4.14 2.74
Fund without Sales Charge (%) (NAV) After Shares Sold -17.64 -8.18 -2.64 2.57
Fund with Sales Charge (%) (POP) Before Shares Sold -34.54 -13.43 -5.22 2.16
Fund with Sales Charge (%) (POP) After Shares Sold -19.92 -9.36 -3.44 2.10

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 19.06 -16.72 13.35 11.61 8.05 10.71 25.32 19.55 -9.49 12.45
Fund with Sales Charge (%) (POP) 12.49 -21.30 6.81 5.20 1.82 4.37 18.13 12.64 -14.72 5.96
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 03/31/2020

Month EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/19/1997
Fund without Sales Charge (%) (NAV) -37.20 -37.20 -30.47 -30.25 -17.30 36.57 268.36
Fund with Sales Charge (%) (POP) -40.65 -40.65 -34.29 -34.09 -21.86 29.06 248.16
MSCI World Financials Sector Index (%) -31.71 -31.71 -20.51 -15.15 -3.03 39.05
S&P Financials Index (%) -31.92 -31.92 -17.15 -6.77 18.00 94.64 116.00
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 08/19/1997
Fund without Sales Charge (%) (NAV) -37.20 -37.20 -30.47 -30.25 -17.30 36.57 268.36
Fund with Sales Charge (%) (POP) -40.65 -40.65 -34.29 -34.09 -21.86 29.06 248.16
MSCI World Financials Sector Index (%) -31.71 -31.71 -20.51 -15.15 -3.03 39.05
S&P Financials Index (%) -31.92 -31.92 -17.15 -6.77 18.00 94.64 116.00

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 20.65 18.08 15.28
Standard Deviation (MSCI World Financials Sector Index) 19.89 18.25 18.23
Beta 1.00 0.95 0.78
Sharpe Ratio -0.63 -0.27 0.17
Information Ratio -1.14 -0.61 -0.03
Tracking Error 5.26 5.10 6.91

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.65 0.69 0.62
Beta Bear 1.19 1.16 1.01
Bull Bear Capture Ratio 0.72 0.81 0.91
% of Positive Months 52.78 56.67 60.83
Gains/Losses 0.66 0.91 1.26
Maximum Drawdown
40.06 40.06 40.06

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

Gross Expense Ratio 1.34%
Net Expense Ratio [further-information] 1.34%
Max Initial Sales Charge 5.50%
CDSC 1.00%

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Beta 1.00
Sharpe Ratio -0.63
Standard Deviation 20.65

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