0001752724-22-040073.txt : 20220223 0001752724-22-040073.hdr.sgml : 20220223 20220223110948 ACCESSION NUMBER: 0001752724-22-040073 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211231 FILED AS OF DATE: 20220223 PERIOD START: 20211231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN MUTUAL SERIES FUNDS CENTRAL INDEX KEY: 0000825063 IRS NUMBER: 222894171 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05387 FILM NUMBER: 22661554 BUSINESS ADDRESS: STREET 1: 101 JOHN F KENNEDY PARKWAY CITY: SHORT HILLS STATE: NJ ZIP: 07078 BUSINESS PHONE: 973-912-2000 MAIL ADDRESS: STREET 1: 101 JOHN F KENNEDY PARKWAY CITY: SHORT HILLS STATE: NJ ZIP: 07078 FORMER COMPANY: FORMER CONFORMED NAME: FRANKLIN MUTUAL SERIES FUND INC DATE OF NAME CHANGE: 19970227 FORMER COMPANY: FORMER CONFORMED NAME: MUTUAL SERIES FUND INC DATE OF NAME CHANGE: 19920703 0000825063 S000007864 FRANKLIN MUTUAL SHARES FUND C000021390 CLASS A TESIX C000021392 CLASS C TEMTX C000021393 CLASS Z MUTHX C000021394 CLASS R TESRX C000128731 Class R6 FMSHX NPORT-P 1 primary_doc.xml NPORT-P false 0000825063 XXXXXXXX S000007864 C000021392 C000021390 C000021393 C000128731 C000021394 Franklin Mutual Series Funds 811-05387 0000825063 549300DW3N5FG4OTT022 101 John F. Kennedy Parkway Short Hills 07078-2791 973-912-2000 Franklin Mutual Shares Fund S000007864 QOET654RR8JMYG00F771 2021-12-31 2021-12-31 N 8670943873.68 211067832.43 8459876041.25 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 64510309.10000000 N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 18354.80000000 0.000216962989 N/A DFE N/A N 2 UBS AG BFM8T61CT2L1QCEMIK50 2211484881.00000000 KRW 1873171.40000000 USD 2022-05-16 18354.80000000 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 16213.96000000 0.000191657181 N/A DFE N/A N 2 Bank of America B4TYDEB6GKMZO031MB27 785812.01000000 EUR 910771.84000000 USD 2022-02-07 16213.96000000 N N N Oracle Corp. 1Z4GXXU7ZHVWFCD8TV52 Oracle Corp. 68389X105 1385464.00000000 NS USD 120826315.44000000 1.428227965171 Long EC CORP US N 1 N N N Kraft Heinz Co. (The) N/A Kraft Heinz Co. (The) 500754106 6082387.00000000 NS USD 218357693.30000000 2.581098023603 Long EC CORP US N 1 N N N United States of America 254900HROIFWPRGM1V77 U.S. Treasury Bills 912796P37 17000000.00000000 PA USD 16996130.80000000 0.200902834948 Long STIV UST US N 1 2022-04-28 None 0.00000000 N N N N N N Archer-Daniels-Midland Co. 549300LO13MQ9HYSTR83 Archer-Daniels-Midland Co. 039483102 1596954.00000000 NS USD 107938120.86000000 1.275883007430 Long EC CORP US N 1 N N N Wayne Services Legacy, Inc. N/A Wayne Services Legacy, Inc. N/A 7468.52600000 NS USD 0.00000000 0.000000 Long EC CORP US Y 3 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 76112.57000000 0.000899688950 N/A DFE N/A N 2 UBS AG BFM8T61CT2L1QCEMIK50 9756881.83000000 EUR 11201534.54000000 USD 2022-04-19 76112.57000000 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 80318.51000000 0.000949405282 N/A DFE N/A N 2 HSBC Bank MP6I5ZYZBEU3UXPYFY54 1917944.90000000 EUR 2263067.58000000 USD 2022-01-24 80318.51000000 N N N ING Groep NV 549300NYKK9MWM7GGW15 ING Groep NV N/A 15397217.00000000 NS 213898417.94000000 2.528387140627 Long EC CORP NL N 2 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 240380.46000000 0.002841418229 N/A DFE N/A N 2 Bank of America B4TYDEB6GKMZO031MB27 8820413.97000000 GBP 12168951.83000000 USD 2022-01-18 240380.46000000 N N N NortonLifeLock, Inc. YF6ZV0M6AU4FY94MK914 NortonLifeLock, Inc. 668771108 7208153.00000000 NS USD 187267814.94000000 2.213599986889 Long EC CORP US N 1 N N N Eli Lilly & Co. FRDRIPF3EKNDJ2CQJL29 Eli Lilly & Co. 532457108 388119.00000000 NS USD 107206230.18000000 1.267231690597 Long EC CORP US N 1 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 485259.35000000 0.005736010168 N/A DFE N/A N 2 HSBC Bank MP6I5ZYZBEU3UXPYFY54 67431420062.00000000 KRW 57041339.98000000 USD 2022-05-16 485259.35000000 N N N Frontier Communications Parent, Inc. N/A Frontier Communications Parent, Inc. 35909D109 343602.00000000 NS USD 10132822.98000000 0.119775076261 Long EC CORP US N 1 N N N Windstream Holdings, Inc. 529900M9WS6K57ZMIJ19 Windstream Holdings, Inc. N/A 2123740.00000000 NS USD 37382547.20000000 0.441880554959 Long EC CORP US Y 3 N N N Everest Re Group Ltd. 549300N24XF2VV0B3570 Everest Re Group Ltd. N/A 492581.00000000 NS USD 134927787.52000000 1.594914474657 Long EC CORP BM N 1 N N N British American Tobacco plc 213800FKA5MF17RJKT63 British American Tobacco plc N/A 3655087.00000000 NS 135609396.03000000 1.602971430890 Long EC CORP GB N 2 N N N Fiserv, Inc. GI7UBEJLXYLGR2C7GV83 Fiserv, Inc. 337738108 2058401.00000000 NS USD 213641439.79000000 2.525349529334 Long EC CORP US N 1 N N N United States of America 254900HROIFWPRGM1V77 U.S. Treasury Bills 912796R43 5000000.00000000 PA USD 4996140.60000000 0.059056900782 Long STIV UST US N 1 2022-06-23 None 0.00000000 N N N N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 16046.97000000 0.000189683275 N/A DFE N/A N 2 Bank of America B4TYDEB6GKMZO031MB27 609840.50000000 EUR 710281.23000000 USD 2022-02-07 16046.97000000 N N N Merck & Co., Inc. 4YV9Y5M8S0BRK1RP0397 Merck & Co., Inc. 58933Y105 2848676.00000000 NS USD 218322528.64000000 2.580682359593 Long EC CORP US N 1 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 108664.04000000 0.001284463737 N/A DFE N/A N 2 State Street Bank and Trust 571474TGEMMWANRLN572 4487212.38000000 EUR 5216846.57000000 USD 2022-02-07 108664.04000000 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 18132.21000000 0.000214331863 N/A DFE N/A N 2 Bank of America B4TYDEB6GKMZO031MB27 707919.30000000 EUR 824018.07000000 USD 2022-02-07 18132.21000000 N N N N/A N/A Foreign Exchange EUR/USD N/A -52.00000000 NC USD -39518.44000000 -0.00046712788 N/A DFE US N 1 CME Clearing House LCZ7XYGSLJUHFXXNXD88 Short N/A Foreign Exchange EUR/USD 2022-03-14 -7411625.00000000 USD -39518.44000000 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A -20239.89000000 -0.00023924570 N/A DFE N/A N 2 State Street Bank and Trust 571474TGEMMWANRLN572 772595.62000000 GBP 1024604.72000000 USD 2022-01-18 -20239.89000000 N N N Johnson Controls International plc 549300XQ6S1GYKGBL205 Johnson Controls International plc N/A 2542999.00000000 NS USD 206771248.69000000 2.444140406807 Long EC CORP IE N 1 N N N Hartford Financial Services Group, Inc. (The) IU7C3FTM7Y3BQM112U94 Hartford Financial Services Group, Inc. (The) 416515104 1900525.00000000 NS USD 131212246.00000000 1.550994900637 Long EC CORP US N 1 N N N Avaya Holdings Corp. 549300NZS2OZN6Q63A60 Avaya Holdings Corp. 05351X119 193072.00000000 NS USD 540601.60000000 0.006390183465 Long CORP US N 1 N N N Frontier Communications Holdings LLC N/A Frontier Communications Holdings LLC 35908MAA8 10568178.00000000 PA USD 10583026.29000000 0.125096706363 Long DBT CORP US N 2 2029-11-01 Fixed 5.87500000 N N N N N N Airbus SE MINO79WLOO247M1IL051 Airbus SE N/A 1044869.00000000 NS 133578892.05000000 1.578969850133 Long EC CORP NL N 2 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 67399.33000000 0.000796694061 N/A DFE N/A N 2 HSBC Bank MP6I5ZYZBEU3UXPYFY54 5728908444.00000000 KRW 4872349.42000000 USD 2022-05-16 67399.33000000 N N N FHLB 2549001DPIFGXC1TOL40 FHLB 313385RH1 16200000.00000000 PA USD 16200000.00000000 0.191492167509 Long STIV USGA US N 2 2022-01-03 None 0.00000000 N N N N N N Williams Cos., Inc. (The) D71FAKCBLFS2O0RBPG08 Williams Cos., Inc. (The) 969457100 8113684.00000000 NS USD 211280331.36000000 2.497440037298 Long EC CORP US N 1 N N N United States of America 254900HROIFWPRGM1V77 U.S. Treasury Bills 912796L80 32000000.00000000 PA USD 31999000.00000000 0.378244312847 Long STIV UST US N 1 2022-02-17 None 0.00000000 N N N N N N Advanced Micro Devices, Inc. R2I72C950HOYXII45366 Advanced Micro Devices, Inc. 007903107 -1385441.00000000 NS USD -199364959.90000000 -2.35659433930 Short EC CORP US N 1 N N N Altria Group, Inc. XSGZFLO9YTNO9VCQV219 Altria Group, Inc. 02209S103 2481360.00000000 NS USD 117591650.40000000 1.389992593586 Long EC CORP US N 1 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 1238.95000000 0.000014645013 N/A DFE N/A N 2 UBS AG BFM8T61CT2L1QCEMIK50 136985.78000000 EUR 157181.73000000 USD 2022-02-07 1238.95000000 N N N Veritas US, Inc. 549300RFUWCPWS8FQ104 Veritas US, Inc., Term Loan B G9341JAN0 47474231.16000000 PA USD 47533573.95000000 0.561870808960 Long LON CORP US N 2 2025-09-01 Variable 6.00000000 N N N N N N Ashland Global Holdings, Inc. 529900E4L9R04SB8HB11 Ashland Global Holdings, Inc. 044186104 1440789.00000000 NS USD 155115343.74000000 1.833541567082 Long EC CORP US N 1 N N N N/A N/A Foreign Exchange GBP/USD N/A -445.00000000 NC USD -805305.40000000 -0.00951911583 N/A DFE US N 1 CME Clearing House LCZ7XYGSLJUHFXXNXD88 Short N/A Foreign Exchange GBP/USD 2022-03-14 -37633093.75000000 USD -805305.40000000 N N N BP plc 213800LH1BZH3DI6G760 BP plc N/A 38411250.00000000 NS 171966503.98000000 2.032730776922 Long EC CORP GB N 2 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 7699.82000000 0.000091015754 N/A DFE N/A N 2 Bank of America B4TYDEB6GKMZO031MB27 223221.68000000 GBP 309580.86000000 USD 2022-01-18 7699.82000000 N N N Avaya Holdings Corp. 549300NZS2OZN6Q63A60 Avaya Holdings Corp. 05351X101 364.00000000 NS USD 7207.20000000 0.000085192737 Long EC CORP US N 1 N N N Xilinx, Inc. 6EY4K7ZMF9UX1CU6KC79 Xilinx, Inc. 983919101 803900.00000000 NS USD 170450917.00000000 2.014815774709 Long EC CORP US N 1 N N N American Airlines Pass-Through Trust N/A American Airlines Pass-Through Trust, Series 2013-2, Class A 02377UAB0 6309302.45100000 PA USD 6450908.44000000 0.076252990097 Long ABS-O CORP US N 2 2023-01-15 Fixed 4.95000000 N N N N N N International Paper Co. 824LMFJDH41EY779Q875 International Paper Co. 460146103 1837937.00000000 NS USD 86346280.26000000 1.020656565639 Long EC CORP US N 1 N N N Medtronic plc 549300GX3ZBSQWUXY261 Medtronic plc N/A 1501831.00000000 NS USD 155364416.95000000 1.836485737999 Long EC CORP IE N 1 N N N Willis Towers Watson plc 549300WHC56FF48KL350 Willis Towers Watson plc N/A 593171.00000000 NS USD 140872180.79000000 1.665180200077 Long EC CORP IE N 1 N N N American Airlines Inc/AAdvantage Loyalty IP Ltd. N/A American Airlines Inc/AAdvantage Loyalty IP Ltd. 00253XAA9 3211353.00000000 PA USD 3344399.35000000 0.039532486453 Long DBT CORP US N 2 2026-04-20 Fixed 5.50000000 N N N N N N GlaxoSmithKline plc 5493000HZTVUYLO1D793 GlaxoSmithKline plc N/A 8009460.00000000 NS 174246325.19000000 2.059679413036 Long EC CORP GB N 2 N N N Comcast Corp. 51M0QTTNCGUN7KFCFZ59 Comcast Corp., Class A 20030N101 2787000.00000000 NS USD 140269710.00000000 1.658058691593 Long EC CORP US N 1 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 14581.77000000 0.000172363873 N/A DFE N/A N 2 UBS AG BFM8T61CT2L1QCEMIK50 608721.98000000 GBP 837806.58000000 USD 2022-01-18 14581.77000000 N N N Banff Guarantor, Inc. N/A Banff Guarantor, Inc., Second Lien Term Loan 10318UAB5 20487800.00000000 PA USD 20722487.75000000 0.244950252804 Long LON CORP US N 2 2026-02-27 Variable 6.00000000 N N N N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 42925.17000000 0.000507397150 N/A DFE N/A N 2 HSBC Bank MP6I5ZYZBEU3UXPYFY54 4372857440.00000000 KRW 3710528.16000000 USD 2022-05-16 42925.17000000 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A -9056.29000000 -0.00010704991 N/A DFE N/A N 2 Bank of America B4TYDEB6GKMZO031MB27 644476.46000000 USD 469852.49000000 GBP 2022-01-18 -9056.29000000 N N N Wells Fargo & Co. PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co. 949746101 3726503.00000000 NS USD 178797613.94000000 2.113477940671 Long EC CORP US N 1 N N N Walter Energy Corp. N/A Walter Energy Corp. N/A 20046000.00000000 NS USD 0.00000000 0.000000 Long EC CORP US N 3 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 31916.51000000 0.000377269239 N/A DFE N/A N 2 State Street Bank and Trust 571474TGEMMWANRLN572 899680.64000000 EUR 1055813.02000000 USD 2022-01-24 31916.51000000 N N N International Automotive Components Group BVBA N/A International Automotive Components Group BVBA N/A 7234813.00000000 NS USD 273902.79000000 0.003237669070 Long EC CORP BR Y 3 N N N KBR, Inc. 254900OFQDXZRKRCV808 KBR, Inc. 48242W106 2517409.00000000 NS USD 119879016.58000000 1.417030415049 Long EC CORP US N 1 N N N Cognizant Technology Solutions Corp. 5493006IEVQEFQO40L83 Cognizant Technology Solutions Corp., Class A 192446102 2194550.00000000 NS USD 194700476.00000000 2.301457787923 Long EC CORP US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co. 46625H100 731264.00000000 NS USD 115795654.40000000 1.368763015384 Long EC CORP US N 1 N N N Huntington Ingalls Industries, Inc. 5TZLZ6WJTBVJ0QWBG121 Huntington Ingalls Industries, Inc. 446413106 643353.00000000 NS USD 120139739.22000000 1.420112288102 Long EC CORP US N 1 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 1403.38000000 0.000016588659 N/A DFE N/A N 2 HSBC Bank MP6I5ZYZBEU3UXPYFY54 1730624.35000000 EUR 1974772.18000000 USD 2022-04-19 1403.38000000 N N N T-Mobile US, Inc. 549300QHIJYOHPACPG31 T-Mobile US, Inc. 872590104 1310062.00000000 NS USD 151940990.76000000 1.796019114454 Long EC CORP US N 1 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A -5749.50000000 -0.00006796198 N/A DFE N/A N 2 State Street Bank and Trust 571474TGEMMWANRLN572 546702.40000000 USD 400000.00000000 GBP 2022-01-18 -5749.50000000 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 382811.59000000 0.004525025994 N/A DFE N/A N 2 HSBC Bank MP6I5ZYZBEU3UXPYFY54 64413049545.00000000 KRW 54379948.96000000 USD 2022-06-17 382811.59000000 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 915314.28000000 0.010819476261 N/A DFE N/A N 2 Bank of America B4TYDEB6GKMZO031MB27 38454734.42000000 EUR 44691669.34000000 USD 2022-02-07 915314.28000000 N N N Flex Ltd. 549300EAQH74YHD07T53 Flex Ltd. N/A 3176273.00000000 NS USD 58221084.09000000 0.688202567107 Long EC CORP SG N 1 N N N Lennar Corp. 529900G61XVRLX5TJX09 Lennar Corp., Class A 526057104 1364544.00000000 NS USD 158505431.04000000 1.873614108139 Long EC CORP US N 1 N N N Uniti Group, Inc. 549300V3NU625PJUVA84 Uniti Group, Inc. 91325V108 601603.00000000 NS USD 8428458.03000000 0.099628623267 Long EC CORP US N 1 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A -15453.78000000 -0.00018267147 N/A DFE N/A N 2 UBS AG BFM8T61CT2L1QCEMIK50 877444.14000000 GBP 1171186.11000000 USD 2022-01-18 -15453.78000000 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 127255.81000000 0.001504227832 N/A DFE N/A N 2 UBS AG BFM8T61CT2L1QCEMIK50 3816524.27000000 EUR 4470714.70000000 USD 2022-01-24 127255.81000000 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 25290.25000000 0.000298943505 N/A DFE N/A N 2 UBS AG BFM8T61CT2L1QCEMIK50 2703474.47000000 USD 2397719.66000000 EUR 2022-01-24 25290.25000000 N N N Citgo Holding, Inc. 549300NYHOALWZ2BSL72 Citgo Holding, Inc. 17302WAB4 41442000.00000000 PA USD 41695417.83000000 0.492860860214 Long DBT CORP US N 2 2024-08-01 Fixed 9.25000000 N N N N N N MetLife, Inc. C4BXATY60WC6XEOZDX54 MetLife, Inc. 59156R108 1929863.00000000 NS USD 120597138.87000000 1.425518982571 Long EC CORP US N 1 N N N Walt Disney Co. (The) 549300GZKULIZ0WOW665 Walt Disney Co. (The) 254687106 818102.00000000 NS USD 126715818.78000000 1.497844863945 Long EC CORP US N 1 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 92856.50000000 0.001097610645 N/A DFE N/A N 2 HSBC Bank MP6I5ZYZBEU3UXPYFY54 2583195.13000000 EUR 3032704.66000000 USD 2022-01-24 92856.50000000 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 060505104 2411359.00000000 NS USD 107281361.91000000 1.268119785525 Long EC CORP US N 1 N N N Evergy, Inc. 549300PGTHDQY6PSUI61 Evergy, Inc. 30034W106 1147757.00000000 NS USD 78747607.77000000 0.930836425806 Long EC CORP US N 1 N N N Staples, Inc. XQM2JINI1UL7642TU573 Staples, Inc. 855030AP7 63292000.00000000 PA USD 59718533.68000000 0.705903176226 Long DBT CORP US N 2 2027-04-15 Fixed 10.75000000 N N N N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 914775.72000000 0.010813110210 N/A DFE N/A N 2 State Street Bank and Trust 571474TGEMMWANRLN572 38454726.58000000 EUR 44691121.86000000 USD 2022-02-07 914775.72000000 N N N Tapestry, Inc. 549300LJNVY5SW3VTN33 Tapestry, Inc. 876030107 3917214.00000000 NS USD 159038888.40000000 1.879919843086 Long EC CORP US N 1 N N N Bosgaerde BV 724500SEMY2K987RV910 Bosgaerde BV N/A 555154.19000000 NS USD 0.00000000 0.000000 Long EC CORP NL N 3 N N N Pinnacle West Capital Corp. TWSEY0NEDUDCKS27AH81 Pinnacle West Capital Corp. 723484101 1205815.00000000 NS USD 85118480.85000000 1.006143357597 Long EC CORP US N 1 N N N Anthem, Inc. 8MYN82XMYQH89CTMTH67 Anthem, Inc. 036752103 488644.00000000 NS USD 226506039.76000000 2.677415586889 Long EC CORP US N 1 N N N Vornado Realty Trust N/A Vornado Realty Trust 929042109 3924117.00000000 NS USD 164263537.62000000 1.941677830964 Long EC CORP US N 1 N N N Windstream Holdings, Inc. 529900M9WS6K57ZMIJ19 Windstream Holdings, Inc. N/A 119757.00000000 NS USD 2107989.54000000 0.024917499142 Long CORP US Y 3 N N N Tribune Media Net, Inc. N/A Tribune Media Net, Inc. N/A 1005034.37000000 NS USD 0.00000000 0.000000 Long EC CORP US N 3 N N N Western Digital Corp. 549300QQXOOYEF89IC56 Western Digital Corp. 958102105 2897164.00000000 NS USD 188924064.44000000 2.233177691006 Long EC CORP US N 1 N N N United States of America 254900HROIFWPRGM1V77 U.S. Treasury Bills 912796Q36 3000000.00000000 PA USD 2998939.41000000 0.035448975793 Long STIV UST US N 1 2022-05-26 None 0.00000000 N N N N N N Sylvamo Corp. 5493001AOYU1ZOWOC971 Sylvamo Corp. 871332102 167085.00000000 NS USD 4660000.65000000 0.055083557102 Long EC CORP US N 1 N N N General Motors Co. 54930070NSV60J38I987 General Motors Co. 37045V100 2685168.00000000 NS USD 157431399.84000000 1.860918517864 Long EC CORP US N 1 N N N Voya Financial, Inc. 549300T065Z4KJ686G75 Voya Financial, Inc. 929089100 2584730.00000000 NS USD 171393446.30000000 2.025956946228 Long EC CORP US N 1 N N N Alliance Data Systems Corp. 549300G8S4PO686J7H97 Alliance Data Systems Corp. 018581108 1298031.00000000 NS USD 86409923.67000000 1.021408862832 Long EC CORP US N 1 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 7219.30000000 0.000085335765 N/A DFE N/A N 2 State Street Bank and Trust 571474TGEMMWANRLN572 235711.04000000 GBP 325990.73000000 USD 2022-01-18 7219.30000000 N N N Elanco Animal Health, Inc. 549300SHPNDCE059M934 Elanco Animal Health, Inc. 28414H103 3553587.00000000 NS USD 100850799.06000000 1.192107290559 Long EC CORP US N 1 N N N General Electric Co. 3C7474T6CDKPR9K6YT90 General Electric Co. 369604301 1406350.00000000 NS USD 132857884.50000000 1.570447177384 Long EC CORP US N 1 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 76407.83000000 0.000903179072 N/A DFE N/A N 2 Bank of America B4TYDEB6GKMZO031MB27 9757206.90000000 EUR 11202200.46000000 USD 2022-04-19 76407.83000000 N N N Charter Communications, Inc. 0J0XRGZE3PBRFEZ7MV65 Charter Communications, Inc., Class A 16119P108 381924.00000000 NS USD 249002990.28000000 2.943340884262 Long EC CORP US N 1 N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 163613.20000000 0.001933990512 N/A DFE N/A N 2 UBS AG BFM8T61CT2L1QCEMIK50 25972019912.00000000 KRW 21935827.63000000 USD 2022-06-17 163613.20000000 N N N Alleghany Corp. 549300DCJE6AYX159479 Alleghany Corp. 017175100 170350.00000000 NS USD 113723956.50000000 1.344274501724 Long EC CORP US N 1 N N N CVS Health Corp. 549300EJG376EN5NQE29 CVS Health Corp. 126650100 2774475.00000000 NS USD 286214841.00000000 3.383203720768 Long EC CORP US N 1 N N N Novartis AG 5493007HIVTX6SY6XD66 Novartis AG 66987V109 1965544.00000000 NS USD 171926133.68000000 2.032253579623 Long EC CORP CH N 1 N N N United States of America 254900HROIFWPRGM1V77 U.S. Treasury Bills 912796K65 10000000.00000000 PA USD 10000000.80000000 0.118205051128 Long STIV UST US N 1 2022-01-06 None 0.00000000 N N N N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 92293.37000000 0.001090954164 N/A DFE N/A N 2 Bank of America B4TYDEB6GKMZO031MB27 2583195.14000000 EUR 3032141.54000000 USD 2022-01-24 92293.37000000 N N N American Airlines Inc/AAdvantage Loyalty IP Ltd. N/A American Airlines Inc/AAdvantage Loyalty IP Ltd. 00253XAB7 1279672.00000000 PA USD 1370215.19000000 0.016196634363 Long DBT CORP US N 2 2029-04-20 Fixed 5.75000000 N N N N N N N/A N/A Forward Foreign Currency Contract N/A 1.00000000 NC N/A 33470.65000000 0.000395639957 N/A DFE N/A N 2 UBS AG BFM8T61CT2L1QCEMIK50 1034692.99000000 EUR 1211351.30000000 USD 2022-02-07 33470.65000000 N N N Sensata Technologies Holding plc 529900MS7KFYCY9MS037 Sensata Technologies Holding plc N/A 3304770.00000000 NS USD 203871261.30000000 2.409861093778 Long EC CORP GB N 1 N N N Samsung Electronics Co. Ltd. 9884007ER46L6N7EI764 Samsung Electronics Co. Ltd. N/A 2325988.00000000 NS 152746344.13000000 1.805538797320 Long EC CORP KR N 2 N N N Loyalty Ventures, Inc. 549300Q3YKVWNY6JIJ44 Loyalty Ventures, Inc. 54911Q107 519212.00000000 NS USD 15612704.84000000 0.184550042623 Long EC CORP US N 1 N N N Best Buy Co., Inc. HL5XPTVRV0O8TUN5LL90 Best Buy Co., Inc. 086516101 1677906.00000000 NS USD 170475249.60000000 2.015103398309 Long EC CORP US N 1 N N N 2022-01-31 Franklin Mutual Series Funds Jeffrey W. White Jeffrey W. White Assistant Treasurer