NAV
$17.56
POP
$18.58
YTD Total Return At NAV
11.92%
Overall Morningstar Rating
Rating Category: Global Moderately Aggressive Allocation
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.
The number of funds in the category for the Overall Morningstar Rating are listed in the funds in category for the 3-year rating.
Morningstar Style Box
| Large | Size | |||
|---|---|---|---|---|
| Medium | ||||
| Small | ||||
| Value | Blend | Growth | ||
| Style | ||||
Source: Morningstar®. The style box reveals a fund's investment style. For equity funds, the vertical axis shows the market capitalization of the long stocks owned, and the horizontal axis shows the investment style (value, blend, or growth). For fixed income funds, the vertical axis shows the credit quality based on credit ratings and the horizontal axis shows interest-rate sensitivity as measured by effective duration. Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.
Historical Morningstar Ratings
| Years | 3 |
| Ratings | |
| Number of Funds In Category | 171 |
| Years | 5 |
| Ratings | |
| Number of Funds In Category | 168 |
| Years | 10 |
| Ratings | |
| Number of Funds In Category | 141 |
©2026 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.
Overview
- Fund Description
- Strategy & Benefits
- Investment Philosophy, Strategy and Approach
Fund Description
The fund seeks capital appreciation with income as a secondary goal. Its strategy is focused on undervalued mid- to large-cap equity securities with a significant portion of its assets in foreign securities. The fund also invests in merger arbitrage securities and securities of distressed companies.
Strategy Statement
"We apply our catalyst-driven investment approach across equity and credit markets globally, looking for compelling opportunities that are trading at a discount to fair value."
Keith W. Luh, CFA®
Strategy & Benefits
Strategy
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. Since 1949, our clients with long-term investment horizons have appreciated Franklin Mutual Series' consistent approach to value.
- 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 engage with management in pursuing our clients' best interests.
- Strive To Reduce Risk. Our unique strategy has historically provided the fund with lower volatility longer-term than the overall market and has enabled us to deliver attractive equity returns.
Benefits
- Diversification. With the flexibility to invest a significant portion of its assets in foreign securities, the fund aims to take advantage of undervalued opportunities across the globe.
- A Record of Lower Long-Term Volatility than the MSCI World Value Index.
- Performance in All Types of Markets. Franklin Mutual Quest Fund aims to achieve long-term growth over up, down and sideways market cycles.
Investment Philosophy, Strategy and Approach
Fund Information
Dividends & Yields
Sales Charges, Expenses & Fees
Identifiers
Portfolio Managers
Performance
- Average Annual Total Returns
- Calendar Year Returns
- Cumulative Total Returns
- Risk Measures
Average Annual Total Returns
Average Annual Total Returns 1
2026
Chart
Month End As of 07/31/2026 | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception 09/26/1980 | |
|---|---|---|---|---|---|---|
| Class A - With Sales Charge (POP) (%) | 11.46 | 11.67 | 6.62 | 5.74 | 10.80 | |
| Class A - Without Sales Charge (NAV) (%) | 17.96 | 13.79 | 7.84 | 6.35 | 10.94 | |
| Blended 70% MSCI World Value-NR + 30% Bloomberg US Corporate High Yield Index (%) | 18.59 | 14.23 | 9.08 | 8.85 | — | |
| MSCI World Value Index-NR (%) | 24.66 | 16.76 | 11.16 | 10.15 | 9.83 |
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.
Calendar Year Returns
Calendar Year Returns 1
Chart
Month End As of 07/31/2026 | YTD | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | Performance Inception Date | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A - With Sales Charge (POP) (%) | 3.01 | 10.88 | 2.65 | 4.21 | -12.28 | 5.16 | -7.53 | 5.99 | -12.45 | 0.83 | 9.38 | 09/26/1980 | |
| Class A - Without Sales Charge (NAV) (%) | 8.99 | 17.34 | 8.61 | 10.26 | -7.16 | 11.26 | -2.12 | 12.14 | -7.36 | 6.95 | 16.04 | 09/26/1980 | |
| Blended 70% MSCI World Value-NR + 30% Bloomberg US Corporate High Yield Index (%) | 10.59 | 17.04 | 10.57 | 12.17 | -7.82 | 16.84 | 1.55 | 19.58 | -8.16 | 14.15 | 13.81 | — | |
| MSCI World Value Index-NR (%) | 14.47 | 20.79 | 11.47 | 11.51 | -6.52 | 21.94 | -1.16 | 21.75 | -10.78 | 17.10 | 12.33 | — |
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.
Cumulative Total Returns
Cumulative Total Returns 1
The hypothetical growth scenario of $10,000 does not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Had they been reflected hypothetical values would be lower.
1980
2026
Chart
Month End As of 07/31/2026 | YTD | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 09/26/1980 | |
|---|---|---|---|---|---|---|---|---|
| Class A - With Sales Charge (POP) (%) | 3.01 | 11.46 | 39.26 | 37.77 | 74.80 | 145.72 | 10,917.83 | |
| Class A - Without Sales Charge (NAV) (%) | 8.99 | 17.96 | 47.36 | 45.83 | 85.01 | 160.01 | 11,563.50 | |
| Blended 70% MSCI World Value-NR + 30% Bloomberg US Corporate High Yield Index (%) | 10.59 | 18.59 | 49.08 | 54.42 | 133.52 | 224.09 | — | |
| MSCI World Value Index-NR (%) | 14.47 | 24.66 | 59.18 | 69.74 | 162.90 | 267.43 | 7,266.26 |
Historical Cumulative Total Returns
2026
Date Selected As of 07/31/2026 | YTD | 1 Year | 3 Years | 5 Years | 10 Years | 15 Years | Since Inception 09/26/1980 | |
|---|---|---|---|---|---|---|---|---|
| Class A - With Sales Charge (POP) (%) | 3.01 | 11.46 | 39.26 | 37.77 | 74.80 | 145.72 | 10,917.83 | |
| Class A - Without Sales Charge (NAV) (%) | 8.99 | 17.96 | 47.36 | 45.83 | 85.01 | 160.01 | 11,563.50 | |
| Blended Benchmark (%) | 10.59 | 18.59 | 49.08 | 54.42 | 133.52 | 224.09 | — | |
| MSCI World Value Index-NR (%) | 14.47 | 24.66 | 59.18 | 69.74 | 162.90 | 267.43 | 7,266.26 |
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.
If the sales charge (if applicable) had been included, the return would have been lower.
Risk Measures
Risk Measures1
| Statistics | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Beta | 1.05 | 1.00 | 0.97 |
| Bull Bear Capture Ratio | 0.92 | 0.93 | 0.87 |
| Beta Bear | 1.08 | 1.03 | 1.09 |
| Beta Bull | 0.91 | 0.87 | 0.85 |
| Historical Tracking Error | 3.18 | 4.75 | 4.24 |
| Information Ratio | -0.14 | -0.26 | -0.59 |
| Standard Deviation (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Class A - Without Sales Charge (NAV) | 10.03 | 12.35 | 12.41 |
| Blended 70% MSCI World Value-NR + 30% Bloomberg US Corporate High Yield Index | 9.03 | 11.43 | 12.02 |
| Sharpe Ratio (%) | 3 Years | 5 Years | 10 Years |
|---|---|---|---|
| Class A - Without Sales Charge (NAV) | 0.92 | 0.34 | 0.32 |
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.
Portfolio
Assets
Positions
Portfolio Statistics
Portfolio Allocations
- Assets
- Geography
- Sector
- Market Capitalization
Assets
Asset Allocation
Chart
| Fund | ||
|---|---|---|
| Undervalued Equities | 73.74% | |
| Special Situations | 22.34% | |
| Cash & Other Net Assets | 3.92% |
Geography
Geographic Allocation
Chart
| Fund | ||
|---|---|---|
| 66.96% | ||
| 23.59% | ||
| 5.52% | ||
| 3.92% |
Sector
Sector Allocation
Chart
| Fund | ||
|---|---|---|
| Technology Hardware & Equipment | 10.36% | |
| Banks | 8.64% | |
| Capital Goods | 8.22% | |
| Insurance | 8.05% | |
| Media & Entertainment | 7.91% | |
| Energy | 6.34% | |
| Commercial & Professional Services | 6.08% | |
| Health Care Equipment & Services | 5.59% | |
| Materials | 4.86% | |
| Pharmaceuticals, Biotechnology & Life Sciences | 3.91% | |
| Software & Services | 3.77% | |
| Utilities | 3.28% | |
| Financial Services | 3.19% | |
| Food, Beverage & Tobacco | 2.63% | |
| Telecommunication Services | 2.52% | |
| Household & Personal Products | 2.48% | |
| Consumer Discretionary Distribution & Retail | 2.38% | |
| Automobiles & Components | 2.10% | |
| Consumer Staples Distribution & Retail | 1.28% | |
| Transportation | 0.87% | |
| Semiconductors & Semiconductor Equipment | 0.83% | |
| Consumer Services | 0.77% | |
| Cash & Cash Equivalents | 3.92% |
Market Capitalization
Market Capitalization Allocation
Chart
| Fund | ||
|---|---|---|
| 2.0-5.0 Billion | 3.06% | |
| 5.0-10.0 Billion | 4.54% | |
| 10.0-25.0 Billion | 9.91% | |
| 25.0-50.0 Billion | 13.93% | |
| >50.0 Billion | 66.59% | |
| N/A | 1.97% |
Portfolio Holdings
- Holdings
- Top Ten Holdings
Holdings
Holdings
- 07/31/2026
- 06/30/2026
- 05/31/2026
- 04/30/2026
- 03/31/2026
- 02/28/2026
- 01/31/2026
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.
Top Ten Holdings
Top Holdings
Chart
| Fund | ||
|---|---|---|
| SORENSON COMMUNICATIONS LLC | 6.26% | |
| NEPTUNE BIDCO US INC | 4.64% | |
| SAMSUNG ELECTRONICS CO LTD | 2.59% | |
| MICROSOFT CORP | 2.33% | |
| EOG RESOURCES INC | 2.05% | |
| ALPHABET INC | 1.88% | |
| BNP PARIBAS SA | 1.87% | |
| BP PLC | 1.82% | |
| WELLS FARGO & CO | 1.82% | |
| ARTHUR J GALLAGHER & CO | 1.80% |
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
- Distributions
- Tax Information
Distributions
Distribution Schedules
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
Current Year Distributions Per Share
| Record Date | Ex-Dividend Date | Reinvestment Date | Payable Date | Reinvestment Amount | Long-Term Capital Gains | Short-Term Capital Gains | Income | Total Distribution Per Share |
|---|---|---|---|---|---|---|---|---|
| 12/19/2025 | 12/22/2025 | 12/22/2025 | 12/22/2025 | $15.69000 | $0.00000 | $0.00000 | $0.62600 | $0.62600 |
Historical Distributions Per Share
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2011
- 2010
- 2009
- 2008
- 2007
- 2006
- 2005
- 2004
- 2003
- 2002
- 2001
- 2000
- 1999
- 1998
- 1997
- 1996
- 1995
- 1994
- 1993
- 1992
- 1991
- 1990
- 1989
- 1988
- 1987
- 1986
- 1985
- 1984
- 1983
- 1982
- 1981
- Since Inception
| Record Date | Ex-Dividend Date | Reinvestment Date | Payable Date | Reinvestment Amount | Long-Term Capital Gains | Short-Term Capital Gains | Income | Total Distribution Per Share |
|---|---|---|---|---|---|---|---|---|
| 12/19/2025 | 12/22/2025 | 12/22/2025 | 12/22/2025 | $15.69 | — | — | $0.626 | $0.626 |
| 09/30/2025 | 10/01/2025 | 10/01/2025 | 10/01/2025 | $15.85 | — | — | $0.0057 | $0.0057 |
| 12/19/2024 | 12/20/2024 | 12/20/2024 | 12/20/2024 | $13.87 | — | — | $0.6775 | $0.6775 |
| 09/30/2024 | 10/01/2024 | 10/01/2024 | 10/01/2024 | $14.95 | — | — | $0.0073 | $0.0073 |
| 12/19/2023 | 12/20/2023 | 12/20/2023 | 12/20/2023 | $13.19 | — | — | $0.5839 | $0.5839 |
| 09/29/2023 | 10/02/2023 | 10/02/2023 | 10/02/2023 | $12.76 | — | — | $0.0111 | $0.0111 |
| 12/19/2022 | 12/20/2022 | 12/20/2022 | 12/20/2022 | $12.61 | — | — | $0.4553 | $0.4553 |
| 09/30/2022 | 10/03/2022 | 10/03/2022 | 10/03/2022 | $12.15 | — | — | $0.0021 | $0.0021 |
| 12/16/2021 | 12/17/2021 | 12/17/2021 | 12/17/2021 | $13.95 | — | — | $0.3281 | $0.3281 |
| 09/30/2021 | 10/01/2021 | 10/01/2021 | 10/01/2021 | $14.34 | — | — | $0.0096 | $0.0096 |
| 12/17/2020 | 12/18/2020 | 12/18/2020 | 12/18/2020 | $13.00 | — | — | $0.437 | $0.437 |
| 10/01/2020 | 10/02/2020 | 10/02/2020 | 10/02/2020 | $11.96 | — | — | $0.0143 | $0.0143 |
| 12/19/2019 | 12/20/2019 | 12/20/2019 | 12/24/2019 | $13.86 | — | — | $0.442 | $0.442 |
| 10/03/2019 | 10/04/2019 | 10/04/2019 | 10/08/2019 | $13.59 | — | — | $0.0162 | $0.0162 |
| 12/20/2018 | 12/21/2018 | 12/21/2018 | 12/26/2018 | $12.58 | $0.9681 | $0.2336 | $0.4492 | $1.6509 |
| 10/04/2018 | 10/05/2018 | 10/05/2018 | 10/09/2018 | $16.19 | — | — | $0.0949 | $0.0949 |
| 12/21/2017 | 12/22/2017 | 12/22/2017 | 12/27/2017 | $15.65 | — | — | $0.5442 | $0.5442 |
| 08/31/2017 | 09/01/2017 | 09/01/2017 | 09/06/2017 | $15.67 | $0.0376 | $0.0961 | $0.0401 | $0.1738 |
| 12/21/2016 | 12/22/2016 | 12/22/2016 | 12/27/2016 | $15.15 | $0.1541 | $0.1229 | $0.8987 | $1.1757 |
| 09/01/2016 | 09/02/2016 | 09/02/2016 | 09/07/2016 | $15.63 | — | — | $0.0699 | $0.0699 |
| 12/17/2015 | 12/18/2015 | 12/18/2015 | 12/22/2015 | $14.10 | — | — | $0.6364 | $0.6364 |
| 09/03/2015 | 09/04/2015 | 09/04/2015 | 09/09/2015 | $15.01 | $0.1206 | $0.0285 | — | $0.1491 |
| 12/18/2014 | 12/19/2014 | 12/19/2014 | 12/23/2014 | $15.99 | $1.1213 | $0.608 | $0.7647 | $2.494 |
| 09/04/2014 | 09/05/2014 | 09/05/2014 | 09/09/2014 | $18.96 | $0.0087 | — | $0.0331 | $0.0418 |
| 12/19/2013 | 12/20/2013 | 12/20/2013 | 12/24/2013 | $17.73 | $0.627 | $0.9749 | $0.4967 | $2.0986 |
| 09/05/2013 | 09/06/2013 | 09/06/2013 | 09/10/2013 | $18.55 | $0.301 | $0.1306 | $0.0127 | $0.4443 |
| 12/19/2012 | 12/20/2012 | 12/20/2012 | 12/24/2012 | $16.50 | $0.3789 | $0.6545 | $0.3789 | $1.4123 |
| 09/06/2012 | 09/07/2012 | 09/07/2012 | 09/11/2012 | $17.55 | $0.2688 | — | — | $0.2688 |
| 12/15/2011 | 12/16/2011 | 12/16/2011 | 12/20/2011 | $15.78 | $0.2176 | — | $0.47 | $0.6876 |
| 09/01/2011 | 09/02/2011 | 09/02/2011 | 09/07/2011 | $16.14 | $0.1805 | $0.1731 | — | $0.3536 |
| 12/16/2010 | 12/17/2010 | 12/17/2010 | 12/21/2010 | $17.34 | $0.6638 | $0.1714 | $0.3846 | $1.2198 |
| 09/02/2010 | 09/03/2010 | 09/03/2010 | 09/08/2010 | $17.27 | — | — | $0.0116 | $0.0116 |
| 12/17/2009 | 12/18/2009 | 12/18/2009 | 12/22/2009 | $16.90 | — | — | $0.2876 | $0.2876 |
| 09/03/2009 | 09/04/2009 | 09/04/2009 | 09/09/2009 | $16.18 | $0.0164 | — | — | $0.0164 |
| 12/18/2008 | 12/19/2008 | 12/19/2008 | 12/23/2008 | $14.35 | $0.4498 | $0.8783 | $0.2211 | $1.5492 |
| 09/04/2008 | 09/05/2008 | 09/05/2008 | 09/09/2008 | $19.26 | $0.0437 | $0.0351 | $0.0379 | $0.1167 |
| 12/20/2007 | 12/21/2007 | 12/21/2007 | 12/26/2007 | $21.67 | $1.2581 | — | $0.5954 | $1.8535 |
| 06/14/2007 | 06/15/2007 | 06/15/2007 | 06/19/2007 | $24.38 | $0.0533 | — | $0.0416 | $0.0949 |
| 12/21/2006 | 12/22/2006 | 12/22/2006 | 12/27/2006 | $21.68 | $1.0648 | — | $0.2931 | $1.3579 |
| 06/15/2006 | 06/16/2006 | 06/16/2006 | 06/20/2006 | $20.12 | $0.1933 | $0.0438 | $0.0416 | $0.2787 |
| 12/22/2005 | 12/23/2005 | 12/23/2005 | 12/28/2005 | $19.78 | $1.025 | $0.2111 | $0.3069 | $1.543 |
| 06/16/2005 | 06/17/2005 | 06/17/2005 | 06/21/2005 | $19.88 | $0.1921 | $0.0158 | $0.0426 | $0.2505 |
| 12/16/2004 | 12/17/2004 | 12/17/2004 | 12/21/2004 | $19.02 | $0.808 | $0.1247 | $0.299 | $1.2317 |
| 06/17/2004 | 06/18/2004 | 06/18/2004 | 06/22/2004 | $18.17 | — | — | $0.0254 | $0.0254 |
| 12/18/2003 | 12/19/2003 | 12/19/2003 | 12/23/2003 | $17.53 | — | — | $0.1638 | $0.1638 |
| 06/12/2003 | 06/13/2003 | 06/13/2003 | 06/17/2003 | $15.38 | — | — | $0.0981 | $0.0981 |
| 12/19/2002 | 12/20/2002 | 12/20/2002 | 12/24/2002 | $13.91 | — | — | $0.1553 | $0.1553 |
| 06/13/2002 | 06/14/2002 | 06/14/2002 | 06/18/2002 | $16.02 | $0.1859 | $0.0315 | $0.0537 | $0.2711 |
| 12/13/2001 | 12/14/2001 | 12/14/2001 | 12/18/2001 | $15.89 | $0.8109 | — | $0.1053 | $0.9162 |
| 06/21/2001 | 06/22/2001 | 06/22/2001 | 06/26/2001 | $18.01 | $0.2637 | $0.1945 | $0.0302 | $0.4884 |
| 12/14/2000 | 12/15/2000 | 12/15/2000 | 12/19/2000 | $15.98 | $0.816 | $0.1403 | $0.178 | $1.1343 |
| 06/22/2000 | 06/23/2000 | 06/23/2000 | 06/29/2000 | $16.17 | $0.8031 | $0.2185 | $0.3139 | $1.3355 |
| 12/16/1999 | 12/17/1999 | 12/17/1999 | 12/28/1999 | $16.44 | $0.9631 | — | $0.193 | $1.1561 |
| 06/17/1999 | 06/18/1999 | 06/18/1999 | 06/25/1999 | $18.42 | $0.5191 | — | $0.0349 | $0.554 |
| 12/17/1998 | 12/18/1998 | 12/18/1998 | 12/28/1998 | $15.81 | $1.08 | — | $0.3306 | $1.4106 |
| 07/10/1998 | 07/13/1998 | 07/13/1998 | 07/20/1998 | $19.43 | $0.18 | $0.07 | $0.0569 | $0.3069 |
| 12/19/1997 | 12/22/1997 | 12/22/1997 | 12/29/1997 | $17.77 | $0.81 | $0.37 | $0.5193 | $1.6993 |
| 07/03/1997 | 07/07/1997 | 07/07/1997 | 07/11/1997 | $18.48 | $0.15 | $0.07 | $0.0789 | $0.2989 |
| 12/20/1996 | 12/23/1996 | 12/23/1996 | 12/30/1996 | $32.16 | $1.07 | $0.56 | $0.8099 | $2.4399 |
| — | 06/10/1996 | 06/14/1996 | — | $31.87335652 | — | — | $0.05 | $0.05 |
| — | 06/10/1996 | 06/14/1996 | — | $31.87335652 | $0.51 | $0.44 | — | $0.95 |
| — | 12/26/1995 | 12/29/1995 | — | $29.5566747 | $2.01 | $0.54 | $0.62 | $3.17 |
| — | 07/06/1995 | 07/10/1995 | — | $30.07801022 | $0.61 | $0.11 | $0.03 | $0.75 |
| — | 12/27/1994 | 12/29/1994 | — | $26.71023374 | $0.94 | $0.34 | $0.40 | $1.68 |
| — | 07/07/1994 | 07/11/1994 | — | $27.37975838 | $0.10 | $0.05 | $0.03 | $0.18 |
| — | 12/27/1993 | 12/31/1993 | — | $27.14736729 | $1.58 | $0.74 | $0.31 | $2.63 |
| — | 07/08/1993 | 07/12/1993 | — | $26.81776713 | $0.14 | $0.10 | $0.06 | $0.30 |
| — | 12/28/1992 | 12/31/1992 | — | $24.52540966 | $0.52 | $0.20 | $0.44 | $1.16 |
| — | 07/02/1992 | 07/06/1992 | — | $23.55204536 | $0.20 | $0.10 | $0.05 | $0.35 |
| — | 12/27/1991 | 12/31/1991 | — | $21.12258812 | $0.07 | $0.30 | $0.37 | $0.74 |
| — | 07/05/1991 | 07/08/1991 | — | $21.127491 | — | — | $0.30 | $0.30 |
| — | 12/27/1990 | 12/31/1990 | — | $18.66499051 | $0.31 | — | $1.05 | $1.36 |
| — | 06/15/1990 | 06/18/1990 | — | $22.31014716 | $0.07 | — | $0.18 | $0.25 |
| — | 12/22/1989 | 12/29/1989 | — | $22.6242236 | $1.02 | $0.84 | $1.14 | $3.00 |
| — | 06/20/1989 | 06/23/1989 | — | $25.40440126 | $0.36 | $0.17 | $0.22 | $0.75 |
| — | 12/22/1988 | 12/28/1988 | — | $23.20703395 | $0.83 | $0.28 | $0.59 | $1.70 |
| — | 07/08/1988 | 07/15/1988 | — | $23.84134897 | $0.51 | — | $0.24 | $0.75 |
| — | 12/24/1987 | 12/31/1987 | — | $20.05893675 | $1.12 | $0.09 | $0.46 | $1.67 |
| — | 07/06/1987 | 07/17/1987 | — | $24.55604881 | $0.18 | $0.05 | $0.42 | $0.65 |
| — | 12/15/1986 | 01/09/1987 | — | $20.58665136 | $1.00 | $0.15 | $0.70 | $1.85 |
| — | 12/15/1986 | 01/09/1987 | — | $20.58665136 | $1.00 | $0.15 | — | $1.15 |
| — | 07/15/1986 | 07/18/1986 | — | $21.87111561 | $0.052 | $0.077 | $0.031 | $0.16 |
| — | 06/20/1986 | 07/11/1986 | — | $22.23930473 | — | $0.28 | $0.12 | $0.40 |
| — | 06/20/1986 | 07/11/1986 | — | $22.23930473 | — | $0.28 | — | $0.28 |
| — | 12/27/1985 | 01/10/1986 | — | $19.75235543 | $0.75 | $0.35 | $0.50 | $1.60 |
| — | 12/27/1985 | 01/10/1986 | — | $19.75235543 | $0.75 | $0.35 | — | $1.10 |
| — | 06/24/1985 | 07/05/1985 | — | $19.09037201 | $0.03 | $0.04 | $0.11 | $0.18 |
| — | 06/24/1985 | 07/05/1985 | — | $19.09037201 | $0.03 | $0.04 | — | $0.07 |
| — | 12/28/1984 | 01/07/1985 | — | $17.40298745 | $0.30 | $0.70 | $0.30 | $1.30 |
| — | 12/28/1984 | 01/07/1985 | — | $17.40298745 | $0.30 | $0.70 | — | $1.00 |
| — | 06/22/1984 | 06/29/1984 | — | $17.29878811 | $0.05 | $0.08 | $0.05 | $0.18 |
| — | 12/29/1983 | 01/09/1984 | — | $17.08730633 | $0.37 | $0.96 | $0.29 | $1.62 |
| — | 12/29/1983 | 01/09/1984 | — | $17.08730633 | $0.37 | $0.96 | — | $1.33 |
| — | 06/17/1983 | 06/29/1983 | — | $16.521934 | — | — | $0.10 | $0.10 |
| — | 12/27/1982 | 01/10/1983 | — | $14.16629385 | $0.05 | $0.20 | $0.30 | $0.55 |
| — | 12/27/1982 | 01/10/1983 | — | $14.16629385 | $0.05 | $0.20 | — | $0.25 |
| — | 12/23/1981 | 01/08/1982 | — | $12.34153672 | — | $1.19 | $0.36 | $1.55 |
| — | 12/23/1981 | 01/08/1982 | — | $12.34153672 | — | $1.19 | — | $1.19 |
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Tax Information
Tax Information
Federal ID Number 13-3019906
Distributions per Share ($)
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
| Record Date | Ordinary Dividends | Qualified Dividends | Capital Gain Distributions | Unrecaptured Section 1250 Gain | Non-Taxable Return Of Capital | Section 199a Dividends | Foreign Tax Paid | Exempt Interest Dividends | Interest on Tax Reclaim Refunds |
|---|---|---|---|---|---|---|---|---|---|
| Sep 30 | 0.0057 | 0.002704 | — | — | — | — | — | — | — |
| Dec 19 | 0.626 | 0.296974 | — | — | — | — | — | — | — |
| 0.6317 | 0.299678 | — | — | — | — | — | — | — |
Supplemental Tax Information
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 Chart
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
Daily Fund Prices and Breakpoints
Share Prices
52-Week Range
POP and Sales Charge at Breakpoints
Investment | Sales Charge | POP |
|---|---|---|
| Less than $25,000 | 5.50% | $18.58 |
| $25,000 - $49,999 | 5.25% | $18.53 |
| $50,000 - $99,999 | 4.50% | $18.39 |
| $100,000 - $249,999 | 3.50% | $18.20 |
| $250,000 - $499,999 | 2.50% | $18.01 |
| $500,000 - $749,999 | 2.00% | $17.92 |
| $750,000 - $999,999 | 1.50% | $17.83 |
POP and Sales Charge at Breakpoints
Historical Data - Daily Fund Prices
- 1 Month
- 3 Months
- 6 Months
- YTD
- 1 Year
- 3 Years
- 5 Years
- Since Inception
Historical Pricing Results From 07/21/2026 To 08/21/2026
| Date | NAV | POP | NAV Change | NAV Change (%) |
|---|---|---|---|---|
| 08/21/2026 | $17.56 | $18.58 | $0.16 | 0.92% |
| 08/20/2026 | $17.40 | $18.41 | $-0.05 | -0.29% |
| 08/19/2026 | $17.45 | $18.47 | $0.12 | 0.69% |
| 08/18/2026 | $17.33 | $18.34 | $-0.11 | -0.63% |
| 08/17/2026 | $17.44 | $18.46 | $-0.10 | -0.57% |
| 08/14/2026 | $17.54 | $18.56 | $0.06 | 0.34% |
| 08/13/2026 | $17.48 | $18.50 | $0.03 | 0.17% |
| 08/12/2026 | $17.45 | $18.47 | $0.04 | 0.23% |
| 08/11/2026 | $17.41 | $18.42 | $-0.01 | -0.06% |
| 08/10/2026 | $17.42 | $18.43 | $0.02 | 0.11% |
| 08/07/2026 | $17.40 | $18.41 | $0.06 | 0.35% |
| 08/06/2026 | $17.34 | $18.35 | $0.02 | 0.12% |
| 08/05/2026 | $17.32 | $18.33 | $-0.03 | -0.17% |
| 08/04/2026 | $17.35 | $18.36 | $0.12 | 0.70% |
| 08/03/2026 | $17.23 | $18.23 | $0.13 | 0.76% |
| 07/31/2026 | $17.10 | $18.10 | $0.03 | 0.18% |
| 07/30/2026 | $17.07 | $18.06 | $0.11 | 0.65% |
| 07/29/2026 | $16.96 | $17.95 | $-0.10 | -0.59% |
| 07/28/2026 | $17.06 | $18.05 | $0.08 | 0.47% |
| 07/27/2026 | $16.98 | $17.97 | $0.08 | 0.47% |
| 07/24/2026 | $16.90 | $17.88 | $0.14 | 0.84% |
| 07/23/2026 | $16.76 | $17.74 | $-0.13 | -0.77% |
| 07/22/2026 | $16.89 | $17.87 | $0.03 | 0.18% |
| 07/21/2026 | $16.86 | $17.84 | $0.11 | 0.66% |
Documents
Product Literature
Factsheet - Franklin Mutual Quest Fund
Regulatory Documents
Semi-Annual Report - Franklin Mutual Quest Fund - Class A
Annual Report - Franklin Mutual Quest Fund - Class A
Prospectus - Franklin Mutual Series Fund
Summary Prospectus - Franklin Mutual Quest Fund
Statement of Additional Information - Franklin Mutual Series Fund
Mailed hardcopies unavailable.
Fiscal Q1 Holdings - Franklin Mutual Series Fund
Mailed hardcopies unavailable.
Fiscal Q3 Holdings - Franklin Mutual Series Fund
Mailed hardcopies unavailable.
Risks
What Are the 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. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. 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
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
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.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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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.
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.
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.
The Blended Benchmark (70% MSCI World Value Index-NR (USD) + 30% Bloomberg U.S. Corporate High Yield Bond Index) is a combination of leading global stock and U.S. high-yield bond indexes.
The MSCI World Value Index-NR (USD) is a market capitalization-weighted index of stocks exhibiting overall value style characteristics in global developed markets. The Bloomberg U.S. Corporate High Yield Bond Index measures the performance of the U.S. dollar-denominated, high-yield, fixed-rate corporate bond market.
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. Bloomberg Indices.
The MSCI World Value Index is a market capitalization-weighted index designed to measure the performance of stocks exhibiting overall value style characteristics in developed markets.
Net Returns (NR) include income net of tax withholding when dividends are paid.
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.
The Bloomberg U.S. Corporate High Yield Bond Index measures the performance of the U.S. dollar-denominated, high-yield, fixed-rate corporate bond market.
Source: Bloomberg Indices.
FINANCIAL ADVISORS: Please note that not all share classes may be available for sale at your firm. Please call Franklin Templeton at (800) DIAL BEN/342-5236 for more information.
Footnotes
Prior to 9/10/18, these shares were offered at a higher initial sales charge of 5.75%; thus actual returns would have differed. Total returns with sales charges have been restated to reflect the current maximum initial sales charge of 5.50%.