{"entity_type":"fund","name":"Franklin Mutual Shares Fund","identifiers":{"lei":"QOET654RR8JMYG00F771","cik":"825063","fund_id":"S000007864","fundkey":"franklin-mutual-shares-fund"},"dates":{"reporting_period_start":"2025-12-31","reporting_period_end":"2025-12-31","filing_date":"2026-02-25"},"summary":{"total_positions":81,"total_value_usd":8694446928.25,"asset_categories":["EC","DBT","LON","STIV"],"by_asset_category":{"EC":{"positions":69,"total_value_usd":8427181444.93},"LON":{"positions":6,"total_value_usd":170406206.58},"DBT":{"positions":2,"total_value_usd":43295584.68},"STIV":{"positions":4,"total_value_usd":53563692.06}}},"holdings":[{"issuer_name":"Alphabet, Inc.","title":"Alphabet, Inc., Class A","isin":"US02079K3059","value_usd":250119865,"pct_val":3.563044447741,"balance":799105,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Amazon.com, Inc.","title":"Amazon.com, Inc.","isin":"US0231351067","value_usd":205368632.7,"pct_val":2.925547582884,"balance":889735,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Haleon plc","title":"Haleon plc","isin":"GB00BMX86B70","value_usd":181634203.82,"pct_val":2.587442390634,"balance":35943104,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Thermo Fisher Scientific, Inc.","title":"Thermo Fisher Scientific, Inc.","isin":"US8835561023","value_usd":173026667.25,"pct_val":2.464825039212,"balance":298605,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Hartford Insurance Group, Inc. (The)","title":"Hartford Insurance Group, Inc. (The)","isin":"US4165151048","value_usd":169981398.6,"pct_val":2.421444128402,"balance":1233537,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Dover Corp.","title":"Dover Corp.","isin":"US2600031080","value_usd":166303479.6,"pct_val":2.369050893374,"balance":851790,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Johnson Controls International plc","title":"Johnson Controls International plc","isin":"IE00BY7QL619","value_usd":162571402.5,"pct_val":2.315886157379,"balance":1357590,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IE","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Dollar General Corp.","title":"Dollar General Corp.","isin":"US2566771059","value_usd":162507559.06,"pct_val":2.314976685377,"balance":1223978,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"JPMorgan Chase & Co.","title":"JPMorgan Chase & Co.","isin":"US46625H1005","value_usd":160306705.54,"pct_val":2.283624761711,"balance":497507,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Walt Disney Co. (The)","title":"Walt Disney Co. (The)","isin":"US2546871060","value_usd":159290059.62,"pct_val":2.269142287076,"balance":1400106,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Progressive Corp. (The)","title":"Progressive Corp. (The)","isin":"US7433151039","value_usd":153841483.56,"pct_val":2.191525426542,"balance":675573,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Novartis AG","title":"Novartis AG","isin":"US66987V1098","value_usd":151862702.04,"pct_val":2.163336995734,"balance":1101492,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CH","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Roche Holding AG","title":"Roche Holding AG","isin":"CH0012032048","value_usd":151329241.3,"pct_val":2.155737662,"balance":366441,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CH","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Colgate-Palmolive Co.","title":"Colgate-Palmolive Co.","isin":"US1941621039","value_usd":150395052.06,"pct_val":2.142429811443,"balance":1903253,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Bank of America Corp.","title":"Bank of America Corp.","isin":"US0605051046","value_usd":150101820,"pct_val":2.138252618787,"balance":2729124,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Chevron Corp.","title":"Chevron Corp.","isin":"US1667641005","value_usd":147509866.09,"pct_val":2.101329334073,"balance":967849,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Ferguson Enterprises, Inc.","title":"Ferguson Enterprises, Inc.","isin":"US31488V1070","value_usd":146070437.19,"pct_val":2.08082416888,"balance":656113,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Wells Fargo & Co.","title":"Wells Fargo & Co.","isin":"US9497461015","value_usd":145691078.8,"pct_val":2.075420076705,"balance":1563209,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Ulta Beauty, Inc.","title":"Ulta Beauty, Inc.","isin":"US90384S3031","value_usd":141094987.11,"pct_val":2.009947152444,"balance":233211,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"PNC Financial Services Group, Inc. (The)","title":"PNC Financial Services Group, Inc. (The)","isin":"US6934751057","value_usd":140016501.46,"pct_val":1.994583749352,"balance":670802,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Reliance, Inc.","title":"Reliance, Inc.","isin":"US7595091023","value_usd":139309868.46,"pct_val":1.984517516559,"balance":482258,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"PPL Corp.","title":"PPL Corp.","isin":"US69351T1060","value_usd":139026143.14,"pct_val":1.98047575072,"balance":3969907,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"GSK plc","title":"GSK plc","isin":"GB00BN7SWP63","value_usd":136304213.55,"pct_val":1.937476982099,"balance":7132535,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CVS Health Corp.","title":"CVS Health Corp.","isin":"US1266501006","value_usd":136207339.17,"pct_val":1.933699761825,"balance":1806703,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Adobe, Inc.","title":"Adobe, Inc.","isin":"US00724F1012","value_usd":134891045.86,"pct_val":1.921569852124,"balance":385414,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Estee Lauder Cos., Inc. (The)","title":"Estee Lauder Cos., Inc. (The), Class A","isin":"US5184391044","value_usd":134752439.36,"pct_val":1.919595354336,"balance":1286788,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BlackRock, Inc.","title":"BlackRock, Inc.","isin":"US09290D1019","value_usd":133492804.8,"pct_val":1.901651422033,"balance":124720,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Brixmor Property Group, Inc.","title":"Brixmor Property Group, Inc.","isin":"US11120U1051","value_usd":133207196.52,"pct_val":1.897582832774,"balance":5080366,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"General Motors Co.","title":"General Motors Co.","isin":"US37045V1008","value_usd":131238282,"pct_val":1.869534960812,"balance":1613850,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Capital One Financial Corp.","title":"Capital One Financial Corp.","isin":"US14040H1059","value_usd":129718342.8,"pct_val":1.8478828984,"balance":535230,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Cisco Systems, Inc.","title":"Cisco Systems, Inc.","isin":"US17275R1023","value_usd":129005761.41,"pct_val":1.837731928723,"balance":1674747,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"EOG Resources, Inc.","title":"EOG Resources, Inc.","isin":"US26875P1012","value_usd":128988193.42,"pct_val":1.837481666597,"balance":1228342,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Apollo Global Management, Inc.","title":"Apollo Global Management, Inc.","isin":"US03769M1062","value_usd":123431640.64,"pct_val":1.758326640141,"balance":852664,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"British American Tobacco plc","title":"British American Tobacco plc","isin":"GB0002875804","value_usd":120586238.82,"pct_val":1.717792901821,"balance":2127092,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"BNP Paribas SA","title":"BNP Paribas SA","isin":"FR0000131104","value_usd":120263243.69,"pct_val":1.707345632745,"balance":1314887,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"DR Horton, Inc.","title":"DR Horton, Inc.","isin":"US23331A1097","value_usd":119422628.01,"pct_val":1.695411633078,"balance":704683,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Entergy Corp.","title":"Entergy Corp.","isin":"US29364G1031","value_usd":117768205.62,"pct_val":1.677649039011,"balance":1274134,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"PPG Industries, Inc.","title":"PPG Industries, Inc.","isin":"US6935061076","value_usd":117583096,"pct_val":1.675012088108,"balance":1147600,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Medtronic plc","title":"Medtronic plc","isin":"IE00BTN1Y115","value_usd":117019331.4,"pct_val":1.666981065351,"balance":1218190,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IE","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"American Tower Corp.","title":"American Tower Corp.","isin":"US03027X1000","value_usd":116929444.43,"pct_val":1.665700594208,"balance":665999,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Everest Group Ltd.","title":"Everest Group Ltd.","isin":"BMG3223R1088","value_usd":116668169.64,"pct_val":1.658363210747,"balance":321108,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"International Paper Co.","title":"International Paper Co.","isin":"US4601461035","value_usd":116466224.94,"pct_val":1.659101871504,"balance":2956746,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Nestle SA","title":"Nestle SA","isin":"CH0038863350","value_usd":113127704.78,"pct_val":1.611543490966,"balance":1139721,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CH","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Merck & Co., Inc.","title":"Merck & Co., Inc.","isin":"US58933Y1055","value_usd":111752121.02,"pct_val":1.591947821991,"balance":1061677,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Cooper Cos., Inc. (The)","title":"Cooper Cos., Inc. (The)","isin":"US2166485019","value_usd":109748210.16,"pct_val":1.563401414998,"balance":1339046,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SLB Ltd.","title":"SLB Ltd.","isin":"AN8068571086","value_usd":109232550.4,"pct_val":1.556055662413,"balance":2846080,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CW","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AerCap Holdings NV","title":"AerCap Holdings NV","isin":"NL0000687663","value_usd":109052310.72,"pct_val":1.553488085499,"balance":758572,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"NL","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Charter Communications, Inc.","title":"Charter Communications, Inc., Class A","isin":"US16119P1084","value_usd":108927549.65,"pct_val":1.546415766565,"balance":395949,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"NXP Semiconductors NV","title":"NXP Semiconductors NV","isin":"NL0009538784","value_usd":108699957.98,"pct_val":1.548468698199,"balance":500783,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"NL","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Union Pacific Corp.","title":"Union Pacific Corp.","isin":"US9078181081","value_usd":108066458.36,"pct_val":1.539444275834,"balance":467173,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Oracle Corp.","title":"Oracle Corp.","isin":"US68389X1054","value_usd":107613015.29,"pct_val":1.52964999884,"balance":769709,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Gen Digital, Inc.","title":"Gen Digital, Inc.","isin":"US6687711084","value_usd":106447436.12,"pct_val":1.516380741064,"balance":3914948,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Voya Financial, Inc.","title":"Voya Financial, Inc.","isin":"US9290891004","value_usd":106272800,"pct_val":1.496162730945,"balance":1496800,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SS&C Technologies Holdings, Inc.","title":"SS&C Technologies Holdings, Inc.","isin":"US78467J1007","value_usd":104499157.98,"pct_val":1.488626841511,"balance":1195369,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Target Corp.","title":"Target Corp.","isin":"US87612E1064","value_usd":104379394.7,"pct_val":1.469506404543,"balance":1058078,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Comcast Corp.","title":"Comcast Corp., Class A","isin":"US20030N1019","value_usd":103532942.55,"pct_val":1.457589619059,"balance":2900895,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Kenvue, Inc.","title":"Kenvue, Inc.","isin":"US49177J1025","value_usd":101352520.36,"pct_val":1.426892522357,"balance":4842452,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Baxter International, Inc.","title":"Baxter International, Inc.","isin":"US0718131099","value_usd":100250933.16,"pct_val":1.411383815392,"balance":3310797,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"WillScot Holdings Corp.","title":"WillScot Holdings Corp.","isin":"US9713781048","value_usd":81506903.4,"pct_val":1.158568360484,"balance":2931903,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Fiserv, Inc.","title":"Fiserv, Inc.","isin":"US3377381088","value_usd":75231743.4,"pct_val":1.071702344055,"balance":1120020,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Kellanova","title":"Kellanova","isin":"US4878361082","value_usd":75081436.08,"pct_val":1.065911396185,"balance":915404,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Flex Ltd.","title":"Flex Ltd.","isin":"SG9999000020","value_usd":72483638.46,"pct_val":1.032554633623,"balance":1199663,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"SG","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"KBR, Inc.","title":"KBR, Inc.","isin":"US48242W1062","value_usd":69832746.6,"pct_val":0.994791757318,"balance":1737133,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CBRE Group, Inc.","title":"CBRE Group, Inc., Class A","isin":"US12504L1098","value_usd":69109775.54,"pct_val":0.982351138379,"balance":528443,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Zimmer Biomet Holdings, Inc.","title":"Zimmer Biomet Holdings, Inc.","isin":"US98956P1021","value_usd":64843200.32,"pct_val":0.923713935612,"balance":721121,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Elevance Health, Inc.","title":"Elevance Health, Inc.","isin":"US0367521038","value_usd":55855234.8,"pct_val":0.795677241515,"balance":159336,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Global Payments, Inc.","title":"Global Payments, Inc.","isin":"US37940X1028","value_usd":54661239.8,"pct_val":0.776011241585,"balance":657935,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Michaels Cos., Inc. (The)","title":"Michaels Cos., Inc. (The), First Lien, CME Term Loan, B","isin":"US59408UAB35","value_usd":38987727.81,"pct_val":0.555393739331,"balance":40220900.6261,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Neptune Bidco US, Inc.","title":"Neptune Bidco US, Inc., First Lien, CME Term Loan, A","isin":"US64069JAF93","value_usd":36921083.36,"pct_val":0.525953670534,"balance":37326071.2305,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"AAdvantage Loyalty IP Ltd.","title":"AAdvantage Loyalty IP Ltd., First Lien, Initial CME Term Loan","isin":"US02376CBJ36","value_usd":35445873.19,"pct_val":0.503840355535,"balance":34697619.04,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Hess Corp.","title":"Hess Corp.","isin":"US42809H1077","value_usd":34317466.32,"pct_val":0.48313881001,"balance":247708,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CoreLogic, Inc.","title":"CoreLogic, Inc., First Lien, Initial CME Term Loan","isin":"US21870FBA66","value_usd":30676605.47,"pct_val":0.436998911683,"balance":30607127.2875,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Neptune Bidco US, Inc.","title":"Neptune Bidco US, Inc., First Lien, Dollar CME Term Loan, B","isin":"US64069JAC62","value_usd":28374916.75,"pct_val":0.404210555531,"balance":28628999.1126,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Michaels Cos., Inc. (The)","title":"Michaels Cos., Inc. (The)","isin":"US55916AAB08","value_usd":25452119.84,"pct_val":0.362574297244,"balance":27532000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLB","title":"FHLB","isin":"US313385DU78","value_usd":24797099.89,"pct_val":0.352474872261,"balance":24800000,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"USGA","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Franklin Institutional U.S. Government Money Market Fund","title":"Franklin Institutional U.S. Government Money Market Fund","isin":"US4577565009","value_usd":18780288.27,"pct_val":0.267531736623,"balance":18780288.27,"units":"NS","currency":"USD","asset_cat":"STIV","issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Neptune Bidco US, Inc.","title":"Neptune Bidco US, Inc.","isin":"US640695AC66","value_usd":17843464.84,"pct_val":0.254186361113,"balance":17392800,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States of America","title":"U.S. Treasury Bills","isin":"US912797QE09","value_usd":4995492.8,"pct_val":0.070919697106,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States of America","title":"U.S. Treasury Bills","isin":"US912797PE18","value_usd":4990811.1,"pct_val":0.070263186488,"balance":5000000,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"iHeartCommunications, Inc.","title":"iHeartCommunications, Inc., First Lien, Refinanced CME Term Loan, B","isin":"US45174UAJ79","value_usd":0,"pct_val":0,"balance":0.0048,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Walter Energy, Inc.","title":"Walter Energy, Inc., Litigation Trust, Contingent Distribution","isin":null,"value_usd":0,"pct_val":0,"balance":20046000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"3","payoff_profile":"Long"}],"source_documents":[{"label":"SEC NPORT-P Filings","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=825063&type=NPORT&dateb=&owner=exclude&count=40"}],"dataset":{"json":"https://dealcharts.org/llm/facts/fund/franklin-mutual-shares-fund.json","page":"https://dealcharts.org/capitalmarkets/funds/franklin-mutual-shares-fund/"},"provenance":{"curator":"CMD+RVL","curator_url":"https://cmdrvl.com","platform":"Dealcharts","platform_url":"https://dealcharts.org/","source":"SEC NPORT-P Public Filings","license":"CC-BY 4.0","license_url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Data curated by CMD+RVL from SEC NPORT-P public filings"},"citation":"Fund: Franklin Mutual Shares Fund | LEI: QOET654RR8JMYG00F771 | 81 positions totaling $8,694,446,928 across EC, DBT, LON, STIV | Filing: Tue Feb 24 2026 19:00:00 GMT-0500 (Eastern Standard Time) | Source: SEC NPORT-P via Dealcharts.org","updated_at":"2026-02-25"}