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) 33.83 9.70 2.60 15.05 10.31
Fund with Sales Charge (%) (POP) 32.83 9.70 2.60 15.05 10.31
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) 33.83 9.70 2.60 15.05 10.31
Fund with Sales Charge (%) (POP) 32.83 9.70 2.60 15.05 10.31
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

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 30.97 8.25 1.08 13.58
Fund without Sales Charge (%) (NAV) After Shares Sold 22.07 7.33 1.71 12.34
Fund with Sales Charge (%) (POP) Before Shares Sold 29.97 8.25 1.08 13.58
Fund with Sales Charge (%) (POP) After Shares Sold 21.48 7.33 1.71 12.34
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 30.97 8.25 1.08 13.58
Fund without Sales Charge (%) (NAV) After Shares Sold 22.07 7.33 1.71 12.34
Fund with Sales Charge (%) (POP) Before Shares Sold 29.97 8.25 1.08 13.58
Fund with Sales Charge (%) (POP) After Shares Sold 21.48 7.33 1.71 12.34

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013
Fund without Sales Charge (%) (NAV) 33.83 -16.34 17.91 -17.75 4.71 32.95 67.44
Fund with Sales Charge (%) (POP) 32.83 -17.15 16.91 -18.54 3.75 31.95 66.44
NASDAQ Biotechnology Index (%) 24.41 -9.32 21.06 -21.68 11.42 34.32 65.97
S&P 500 Index (%) 31.49 -4.38 21.83 11.96 1.38 13.69 32.39

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) 26.72 33.83 33.83 32.01 13.70 306.30 791.28
Fund with Sales Charge (%) (POP) 25.72 32.83 32.83 32.01 13.70 306.30 791.28
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) 26.72 33.83 33.83 32.01 13.70 306.30 791.28
Fund with Sales Charge (%) (POP) 25.72 32.83 32.83 32.01 13.70 306.30 791.28
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) 22.46 24.84
Standard Deviation (NASDAQ Biotechnology Index) 20.60 23.21 21.06
Beta 1.05 1.04
Sharpe Ratio 0.36 0.06
Information Ratio -0.21 -0.17
Tracking Error 6.07 5.77

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

3 YR 5 YR 10 YR
Beta Bull 1.00 0.95
Beta Bear 0.93 0.99
Bull Bear Capture Ratio 0.99 1.02
% of Positive Months 55.56 56.67
Gains/Losses 1.46 1.18
Maximum Drawdown
23.74 37.91

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

Gross Expense Ratio 1.79%
Net Expense Ratio [further-information] 1.77%
Max Initial Sales Charge 0.00%
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 0.36
Standard Deviation 22.46

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