Franklin Biotechnology Discovery Fund

Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/15/1997
Fund without Sales Charge (%) (NAV) 34.84 10.53 3.37 15.92 11.12
Fund with Sales Charge (%) (POP) 27.43 8.46 2.20 15.27 10.84
NASDAQ Biotechnology Index (%) 24.41 10.95 3.57 16.34 11.70
S&P 500 Index (%) 31.49 15.28 11.70 13.56 7.81
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/15/1997
Fund without Sales Charge (%) (NAV) 34.84 10.53 3.37 15.92 11.12
Fund with Sales Charge (%) (POP) 27.43 8.46 2.20 15.27 10.84
NASDAQ Biotechnology Index (%) 24.41 10.95 3.57 16.34 11.70
S&P 500 Index (%) 31.49 15.28 11.70 13.56 7.81

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

No chart available for this data.
Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold
No chart available for this data.
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 34.84 -15.72 18.80 -17.16 5.50 33.91 68.64 29.35 8.35 17.28
Fund with Sales Charge (%) (POP) 27.43 -20.35 11.97 -21.92 -0.57 26.22 58.95 21.90 2.12 10.54
NASDAQ Biotechnology Index (%) 24.41 -9.32 21.06 -21.68 11.42 34.32 65.97 32.29 12.08 15.25
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39 16.00 2.11 15.06

Cumulative Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/15/1997
Fund without Sales Charge (%) (NAV) 26.96 34.84 34.84 35.02 18.00 338.03 949.86
Fund with Sales Charge (%) (POP) 19.98 27.43 27.43 27.59 11.51 313.98 891.93
NASDAQ Biotechnology Index (%) 21.06 24.41 24.41 36.56 19.17 353.96 1,077.15
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 434.87
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/15/1997
Fund without Sales Charge (%) (NAV) 26.96 34.84 34.84 35.02 18.00 338.03 949.86
Fund with Sales Charge (%) (POP) 19.98 27.43 27.43 27.59 11.51 313.98 891.93
NASDAQ Biotechnology Index (%) 21.06 24.41 24.41 36.56 19.17 353.96 1,077.15
S&P 500 Index (%) 9.07 31.49 31.49 53.17 73.86 256.66 434.87

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 22.48 24.85 22.77
Standard Deviation (NASDAQ Biotechnology Index) 20.60 23.21 21.06
Beta 1.05 1.04 1.04
Sharpe Ratio 0.39 0.09 0.67
Information Ratio -0.07 -0.04 -0.07
Tracking Error 6.08 5.77 6.01

ADDITIONAL RISK STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.00 0.95 1.04
Beta Bear 0.93 0.99 1.02
Bull Bear Capture Ratio 1.01 1.04 0.99
% of Positive Months 55.56 56.67 61.67
Gains/Losses 1.49 1.21 1.75
Maximum Drawdown
23.56 37.64 37.64

SALES CHARGE, EXPENSES & FEES As of 09/01/2019 (updated annually)

Gross Expense Ratio 1.04%
Net Expense Ratio [further-information] 1.02%
Max Initial Sales Charge 5.50%
CDSC 1.00%

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Beta 1.05
Sharpe Ratio 0.39
Standard Deviation 22.48

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • NASDAQ Biotechnology Index
  • S&P 500 Index