O'Shaughnessy Small Cap Value

Past performance is not a guarantee of future results. An investment in this strategy can lose value. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.

Returns for periods less than one year are not annualized. For performance presentation purposes, wrap fee account returns are net at 3% annually, which reflects the highest applicable “wrap” fee charged by any sponsor across our distribution channel. Non-wrap fee account returns are net of the advisory fee. Gross-of-fees returns do not reflect the deduction of any advisory fees but may reflect the deduction of transaction costs. Gross-of-fees returns are supplemental to net returns. Returns reflect the reinvestment of dividends and other earnings. All performance is reported in US dollars. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Actual fees may vary from account to account and management and performance of individual accounts invested in the same strategy may differ.

To obtain specific information on available products and services or a GIPS® Report, contact your Franklin Templeton separately managed account sales team at (800) DIAL BEN/342-5236. O’Shaughnessy Asset Management, LLC (OSAM) claims compliance with the Global Investment Performance Standards (GIPS®). GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.