Franklin Mutual Financial Services Fund

PRICE AND YTD RETURN As of 07/22/2016

NAV up $0.02 $18.77
POP $19.92
YTD Total return at Nav -4.67%

AVERAGE ANNUAL TOTAL RETURNS As of Quarter end 06/30/2016

Sales Charge

1 YEAR RETURN -12.42%
10 YEAR RETURN 1.17%


Investment Category Sector
Distributions Semiannually
CUSIP 354 026 106
Fund Number 479
Inception Date Aug 19, 1997
Total Net Assets (all share classes) As of 06/30/2016 $541.4 (M)
Distribution Rate at NAV N/A
30-Day Standardized yield N/A

SALES CHARGE, EXPENSES, & FEES As of 05/01/2016 (updated annually)

Gross Expense Ratio 1.38%
Net Expense Ratio 1.38%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

The fund seeks capital appreciation, with income as a secondary goal, investing at least 80% of its net assets in securities of financial services companies. It focuses mainly on undervalued equity securities which may include foreign securities and, to a lesser extent, in distressed securities and merger arbitrage opportunities.

Strategy Statement

"We look for financial-services companies in sectors such as banks, brokerage firms, and insurance companies to uncover companies that appear to be trading at a discount to their intrinsic worth. "

Andrew Sleeman, CFA®


Andrew Sleeman, CFA

Andrew Sleeman, CFA®

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2009
Andrew B. Dinnhaupt, CFA, MBA

Andrew B. Dinnhaupt, CFA®, MBA

  • Joined Franklin Templeton in 2011
  • Managed Fund Since 2013
Richard Cetlin, MBA

Richard Cetlin, MBA

  • Joined Franklin Templeton in 2010
  • Managed Fund Since 2010

Overall Morningstar Rating As of 06/30/2016

Rating Category: Financial

The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 06/30/2016

Years Ratings Funds
in category
3 Stars
3 Stars
3 Stars

Morningstar Style Box

We do not publish a style box for this fund.

Strategy, Benefits, Results


At Franklin Mutual Series, we focus on recognizing value that other investors might miss.

Our goal is to deliver solid, risk-adjusted returns year in and year out. Over the last 60 years, Franklin Mutual Series’ consistent, deep-value approach has benefited shareholders with long-term investment horizons.

  • Opportunistic Value Investors. Our core investments are in undervalued stocks with viable catalysts that we believe will change the way the market views their true worth.
  • Think and Act Like Company Owners. We won’t hesitate to become activist investors if our shareholders’ interests need to be protected.
  • Strive To Reduce Risk. Our unique strategy has historically provided the fund with lower volatility than the overall market and has enabled us to deliver strong results over the long term.


  • Financial Services Exposure. We aim to take advantage of a broad range of opportunities particular to the financial services industry.
  • A Record of Lower Volatility.
  • Activism. Managers go the extra mile and will influence company management to help unlock that company's full potential for the benefit of our shareholders.

Investing In The Fund

What Are the Risks?

  • All investments involve risks, including possible loss of principal.
  • Stocks historically have outperformed other asset classes over the long term, but tend to fluctuate more dramatically over the short term.
  • Value securities may not increase in price as anticipated or may decline further in value.
  • Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments.
  • Investing in a single-sector fund involves special risks, including greater sensitivity to economic, political or regulatory developments impacting the sector.
  • Smaller-company stocks have exhibited greater price volatility than larger-company stocks, particularly over the short term.
  • 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 fund may invest in lower-rated bonds, which entail higher credit risk.
  • These and other risks are described more fully in the fund’s prospectus.

Minimum Investment


How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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