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Managed Fund Since 2018
Equity
TEMIX Franklin Mutual International Value Fund
- One-team approach. Leverages the Mutual Series' dedicated value investing platform that seeks to uncover value wherever resides.
- Discount to fundamental value + a catalyst. Applies deep fundamental analysis to find mispriced stocks with a catalyst that will change how the market views their true worth.
- Mindful of risk. Holistic approach combines fundamental and quantitative insights to maximize upside potential while mitigating downside risk.
Popular Documents
Total Net Assets
$1.20B
As of 10/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks capital appreciation, with income as a secondary goal, by investing at least 80% of its net assets in the securities of issuers outside the United States. It focuses mainly on equity securities the managers believe are undervalued and, to a lesser extent, stressed and distressed securities and merger arbitrage opportunities.
- Dividend Frequency, if any
- Semiannually
- Fund Inception Date
- 07/03/1996
- Portfolio Turnover
- 42%
Identifiers
- Ticker
- TEMIX
- Fund Number
- 478
- CUSIP Code
- 628380834
Average Annual Total Returns As of 10/31/2025
Class A
- 20.87%1 Year
- 17.73%3 Years
- 16.41%5 Years
- 6.80%10 Years
- 9.32%Since Inception
07/03/1996
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 10/31/2025 % of Total (Updated Monthly)
Capital Goods13.57% | |
Banks13.51% | |
Pharmaceuticals, Biotechnology & Life Sciences8.02% | |
Food, Beverage & Tobacco6.98% | |
Financial Services6.94% |
Additional Fund Info
- Share Class Inception Date
- 11/01/1996
- Investment Style
- Value
- Lipper Classification
- International Multi-Cap Value
- Morningstar Category
3 - Foreign Large Value
Manager and Commentary
About the Team
Uncompromising value investors
Franklin Mutual Series has been investing with our clients’ interests in mind since 1949. We are more than formulaic value investors. As one team with one focus, we transcend traditional value investing, applying deep fundamental research to find undervalued companies and the catalyst that will unlock that value and deliver results.
Commentary Highlights
September 30, 2025- Markets: International equity markets, as measured by the MSCI EAFE Index, rose in the third quarter in US dollar terms, as optimism about fiscal spending, the benefits of recent interest rate cuts and the prospects of more shareholder-friendly reforms bolstered stocks. Equity markets also looked past concerns about public finances in France and the United Kingdom and ongoing US tariff uncertainties.
- Contributors: Stock selection in financials, consumer discretionary and information technology contributed to relative results. Kering, SBI Holdings and Samsung Electronics were among the individual contributors to relative performance.
- Detractors: Security selection in industrials, consumer staples and materials curbed relative returns. Individual detractors included Capgemini, Teleperformance and Haleon.
- Outlook: While we believe there are reasons to be optimistic about the markets, we think uncertainty could continue to generate pockets of volatility in the near term. US policy shifts have led European officials to enact changes which we think are bolstering conditions for improved economic growth and competitiveness, that when coupled with already low valuations can create potential for compelling investment opportunities.
Franklin Mutual Series
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Managed Fund Since 2023
Latest Insights
November 20, 2025
October 16, 2025
September 8, 2025
Performance
Risk Measures 14
As of 10/31/2025
Class A - Without Sales Charge (NAV)
Measured against: MSCI EAFE Value Index-NR
Statistics
Beta
Historical Tracking Error
Information Ratio
Gains/Losses
Standard Deviation (%)
Class A
MSCI EAFE Value Index-NR
Sharpe Ratio (%)
Class A
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 3
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of10/31/2025 (Updated Monthly)
- Total Net Assets
- $1.20 Billion
Positions
As of 10/31/2025 (Updated Monthly)
Number of Issuers
- Fund
- 55
- Benchmark
- 420
Portfolio Statistics
As of 10/31/2025 (Updated Monthly)
Price to Book 12
- Fund
- 1.63x
- Benchmark
- 1.47x
- Fund
- $98.48 Billion
- Benchmark
- $86.94 Billion
- Fund
- 14.83x
- Benchmark
- 13.76x
- Fund
- 3.30%
- Benchmark
- 3.85%
- Fund
- 5.92x
- Benchmark
- 6.95x
Market Capitalization Allocation
As of 10/31/2025 % of Equity (Updated Monthly)
| Market Capitalization | Fund |
|---|---|
| 2.0-5.0 Billion | 3.66% |
| 5.0-10.0 Billion | 6.98% |
| 10.0-25.0 Billion | 19.07% |
| 25.0-50.0 Billion | 18.64% |
| >50.0 Billion | 51.65% |
Holdings
As of 10/31/2025 (Updated Monthly)
Roche Holding AG ORD CHF NPV
Prudential PLC ORD GBP.05
Deutsche Bank AG ORD EUR NPV *REGISTERED*
BNP Paribas SA ORD EUR2
UniCredit SpA ORD EUR NPV
SBI Holdings Inc ORD JPY NPV
BP PLC ORD GBP.25
DBS Group Holdings Ltd ORD SGD NPV
Franklin Institutional U.S. Government Money Market Fund OEMF-SWEEP MONEY MARKET PORTFOLIO
Novartis AG ORD CHF 0.49
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 22-3455236
For information on tax years prior to 2008, please contact usThese amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Sep 30
Dec 19
Supplemental Tax Information
- Foreign Source Income
- 79.34%
- Foreign Source Qualified Dividends
- 79.34%
- Direct U.S. Government Obligations
- 2.59%
- Specified Private Activity Bond Interest
- —
- Dividends Received Deduction
- —
- Section 163(j)
- —
- Indiana Resident Taxable Income
- —
- Utah Resident Taxable Income
- —
Franklin Templeton and its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
Pricing
Pricing History
As of 11/26/2025 (Updated Daily)
Daily Fund Prices and Breakpoints
As of 11/26/2025
Share Prices
As of 11/26/2025
POP and Sales Charge at Breakpoints
Less than $25,000
$25,000 - $49,999
$50,000 - $99,999
$100,000 - $249,999
$250,000 - $499,999
$500,000 - $749,999
$750,000 - $999,999
52-Week Range
- Highest NAV
As of 11/12/2025 - $31.34
- Lowest NAV
As of 12/20/2024 - $23.13
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Mutual International Value Fund | |||
| Product Commentary - Franklin Mutual International Value Fund | |||
| Product Commentary-Franklin Mutual International Value Fund Semiannual | |||
| Brochure - A history of Mutual Series | |||
| Flyer - Franklin Mutual Series Value-driven strategies, uncompromising results |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin Mutual International Value Fund - Class A | |||
| Annual Financial Statements and Other Information - Franklin Mutual Series Funds | |||
| Semi-Annual Report - Franklin Mutual International Value Fund - Class A | |||
| Semi-Annual Financial Statements and Other Information - Franklin Mutual Series Funds | |||
| Prospectus - Franklin Mutual Series Fund | |||
| Summary Prospectus - Franklin Mutual International Value Fund | |||
| Statement of Additional Information - Franklin Mutual Series Fund | |||
| Fiscal Q1 Holdings - Franklin Mutual Series Fund | |||
| Fiscal Q3 Holdings - Franklin Mutual Series Fund |
Risks
All investments involve risks, including possible loss of principal. The investment style may become out of favor, which may have a negative impact on performance. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the fund invests in companies in a specific country or region, the fund may experience greater volatility than a fund that is more broadly diversified geographically. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. Investments in companies engaged in mergers, reorganizations or liquidations also involve special risks as pending deals may not be completed on time or on favorable terms. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The MSCI EAFE Value Index is designed to measure performance of stocks exhibiting overall value style characteristics in developed markets, excluding the U.S. and Canada.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
Net Returns (NR) include income net of tax withholding when dividends are paid.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.