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Equity

O'Shaughnessy Micro Cap

Year to Date Returns (Net)
12.29%
As of 09/30/2026
Year to Date Returns (Gross)
13.04%

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O'Shaughnessy Micro Cap

  • Overview
  • Composite Performance
  • Documents
[products.skip-to-overview]

Overview

See additional performance disclosures in the performance section.

Product Facts

Strategy Description

Seeks to provide long-term appreciation by creating a portfolio of domestic equities with market capitalizations that are approximately between $50 million and $200 million. The strategy seeks stocks that meet the manager’s quality criteria and have attractive combined Value and Momentum characteristics. Qualifying stocks are conviction-weighted and limited by broad sector and industry constraints.

Benchmark
Russell Microcap
Inception Date
08/01/2006
Asset Class
Equity

Average Annual Total Returns As of 09/30/2026

View performance section for additional info As of 09/30/2026
  • 11.53%1 Year
  • 15.67%3 Years
  • 9.48%5 Years
  • 10.01%10 Years
  • 9.86%Since Inception
    08/01/2006

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

Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios), which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary. 

For fee schedules, contact your financial professional, or if you enter into an agreement directly with O'Shaughnessy Asset Management, LLC (“OSAM”), refer to OSAM's Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.

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. 

Top Sectors

Portfolio breakdown percentages may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors.

As of 09/30/2026 % of Equity (Updated Monthly)

Top Sectors
Financials22.62%
Industrials21.24%
Consumer Discretionary13.77%
Information Technology10.21%
Health Care8.86%

Manager and Commentary

About the Team

O’Shaughnessy Asset Management

O’Shaughnessy Asset Management (OSAM), is a quantitative asset management firm based in Stamford, CT. OSAM delivers a broad range of factor-based equity portfolios to institutional investors and financial advisors. Its disciplined investment process is based off more than five decades of research and yields high-conviction and differentiated investment solutions.

[products.skip-performance]

Composite Performance

Average Annual Total Returns

As of 09/30/2026

Choose Month

2026

Use arrow keys to navigate calendar. Press Enter to select a date.
2026
Selected Month September 2026
Chart
Bar chart with 3 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 6.56 to 25.72.
Created with Highcharts 12.6.00510152025301 Year3 Years5 Years7 Years10 YearsSince Inception
End of interactive chart.
O'Shaughnessy Micro Cap - Net (%)
Month End
As of 09/30/2026
1 Year
11.53
3 Years
15.67
5 Years
9.48
7 Years
12.13
10 Years
10.01
Since Inception(08/01/2006)
9.86
O'Shaughnessy Micro Cap - Gross (%)
Month End
As of 09/30/2026
1 Year
12.53
3 Years
16.87
5 Years
10.62
7 Years
13.30
10 Years
11.16
Since Inception(08/01/2006)
11.17
Russell Microcap (%)
Month End
As of 09/30/2026
1 Year
25.72
3 Years
24.29
5 Years
6.56
7 Years
12.72
10 Years
10.45
Since Inception(08/01/2006)
8.04

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

Periods less than one year are not annualized. Performance results are for the composite which includes all actual, fully discretionary accounts with substantially similar investment policies and objectives managed to the composite's investment strategy. Composite returns are stated in U.S. dollars and assume reinvestment of any dividends, interest income, capital gains, or other earnings. The composite may include account(s) that are gross of fees and pure gross of fees. “Pure” gross-of-fee returns do not reflect the deduction of any expenses, including transaction costs. A traditional (or "true") gross-of-fee return reflects performance after the reduction of transaction costs but before the reduction of the investment advisory fee. The gross-of-fee return may include a blend of "true" gross-of-fee returns for non-wrap accounts and "pure” gross-of-fee returns for wrap accounts. Net-of-fee returns is reduced by a model “wrap fee” (3.0% is the maximum anticipated wrap fee for equity and balanced portfolios), which includes trading expenses as well as investment management, administrative and custodial fees. The model wrap fee used represents the highest anticipated wrap fee applicable to the strategy. Actual fees and account minimums may vary. 

For fee schedules, contact your financial professional, or if you enter into an agreement directly with O'Shaughnessy Asset Management, LLC (“OSAM”), refer to OSAM's Form ADV Part 2A disclosure document. Management and performance of individual accounts may vary for reasons that include the existence of different implementation practices and model requirements in different investment programs.

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. 

[products.skip-documents]

Documents

Product Documents

FTPPG Regulatory Disclosures
Mailed hardcopies unavailable.

Risks

All investments involve risks, including possible loss of principal. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks.

Important Information

Separately Managed Accounts (SMAs) are investment services provided by O’Shaughnessy Asset Management, LLC (OSAM), a federally registered investment adviser. Client portfolios are managed based on investment instructions or advice provided by OSAM. Management is implemented by OSAM, or, in the case of certain programs, the program sponsor or its designee.

Professional money management may not be suitable for all investors. Factual information relating to the securities discussed was obtained from sources believed to be reliable, but there can be no guarantee as to its accuracy. It should not be assumed that investments made in the future will be profitable or will equal the performance of the securities discussed in the material.

You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.

Franklin Templeton (FT) is not undertaking to provide impartial advice. Nothing herein is intended to provide fiduciary advice. FT has a financial interest.

Important data provider notices and terms available at www.franklintempletondatasources.com.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges. 

The Russell Microcap Index measures the performance of the microcap segment of the U.S. equity market. Source: FTSE.

All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.

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