FMFVX — Franklin Mutual Financial Services Fund
Data updated: 2024-05-23
FMFVX — Franklin Mutual Financial Services Fund. Global (incl. US) Mid Cap Value Financials Equity. Holdings, fees, performance and SEC filings.
FMFVX Fund Overview
FMFVX — Franklin Mutual Financial Services Fund is a US mutual fund managed by Franklin Mutual Series Funds, categorised as Global (incl. US) Mid Cap Value Financials Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Mutual Series Funds
- Category: Global (incl. US) Mid Cap Value Financials Equity
- Assets under management: $374.88M
- 1-year return: 34.1%
- Ticker: FMFVX
- SEC CIK: 0000825063
- SEC series ID: S000007865
- Share class ID: C000128732
FMFVX Investment Objective and Strategy
Franklin Mutual Financial Services Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Franklin Mutual Series Funds.
Investment objective
Capital appreciation, which may occasionally be short term. The secondary goal is income.
Principal investment strategy
Under normal market conditions, the Fund invests at least 80% of its net assets in securities of financial services companies that the investment manager believes are available at market prices less than their value based on certain recognized or objective criteria (intrinsic value). Following this value-oriented strategy, the Fund invests primarily in undervalued equity securities (securities trading at a discount to intrinsic value). The equity securities in which the Fund invests are primarily common stock. The Fund is not limited to pre-set maximums or minimums governing the size of the companies in which it may invest. However, the Fund invests the equity portion of its portfolio substantially in mid- and large cap companies and may invest a significant portion of its equity portfolio in small-cap companies.
The Fund may invest in foreign securities without limit. The Fund regularly attempts to hedge (protect) against currency risks, largely using currency forward contracts and currency futures contracts (including currency index futures contracts) when, in the investment manager's opinion, it would be advantageous to the Fund to do so. The Fund may also, from time to time, attempt to hedge against market risk using a variety of derivatives. Portfolio Selection The investment manager employs a research driven, fundamental value strategy for the Fund. Investments are generally selected based on the investment manager's own analysis of the security's intrinsic value, including for equity securities, an analysis of book value, cash flow potential, long-term earnings and multiples of earnings. The investment manager examines each investment separately and there are no set criteria as to specific value parameters, asset size, earnings or industry type.
FMFVX Holdings
Top 10 holdings of Franklin Mutual Financial Services Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fhlb | 8.40% |
| JPMorgan Chase & Co. | 4.75% |
| UniCredit SpA | 4.69% |
| Everest Group Ltd. | 4.33% |
| ASR Nederland NV | 4.26% |
| PNC Financial Services Group, Inc. (The) | 4.08% |
| NN Group NV | 4.02% |
| Hartford Financial Services Group, Inc. (The) | 4.01% |
| BNP Paribas SA | 3.87% |
| Wells Fargo & Co. | 3.86% |
FMFVX Portfolio Allocation
Asset-class allocation of Franklin Mutual Financial Services Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 94.3% |
| Cash & Equivalents | 8.5% |
| Derivatives | 0.2% |
FMFVX Performance
Total returns for FMFVX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 34.1% |
| 3 years (annualised) | 8.8% |
FMFVX Risk Information
Risk metrics for FMFVX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 17.8%
FMFVX Costs and Fees
FMFVX costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 1.08%
- Portfolio turnover: 31%
- Brokerage commissions: 2.78 bps of average net assets (SEC N-CEN)
FMFVX Cashflows
Over the 12 months to 2024-03, Franklin Mutual Financial Services Fund had net outflows of $50.22M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | −$8.44M |
| 2024-02 | −$6.70M |
| 2024-01 | −$3.94M |
| 2023-12 | $3.79M |
| 2023-11 | −$3.81M |
| 2023-10 | −$3.56M |
FMFVX Debt Constituents
No individual debt constituents are reported in Franklin Mutual Financial Services Fund's latest SEC N-PORT filing.
FMFVX Prospectus and SEC Filings
Official Franklin Mutual Financial Services Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-27
- Prospectus (485BPOS) — filed 2021-04-26
- Prospectus supplement (497) — filed 2024-03-22
- Portfolio holdings (N-PORT) — filed 2024-05-23
- Portfolio holdings (N-PORT) — filed 2024-02-22
- Portfolio holdings (N-PORT) — filed 2023-11-21
- Annual census (N-CEN) — filed 2024-03-08
- Annual census (N-CEN) — filed 2023-03-13
Related Funds
Other Global (incl. US) Mid Cap Value Financials Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.