PRICE AND YTD RETURN As of 07/25/2016

NAV down $-0.13 $34.88
POP $37.01
YTD Total return at Nav 4.46%

AVERAGE ANNUAL TOTAL RETURNS As of Quarter end 06/30/2016

Sales Charge

1 YEAR RETURN -10.14%
10 YEAR RETURN 2.48%


Investment Category Value
Distributions Annually
CUSIP 355 148 107
Fund Number 150
Inception Date Apr 02, 1990
Total Net Assets (all share classes) As of 06/30/2016 $959.8 (M)
Distribution Rate at NAV N/A
30-Day Standardized yield N/A

SALES CHARGE, EXPENSES, & FEES As of 03/01/2016 (updated annually)

Gross Expense Ratio 0.96%
Net Expense Ratio 0.95%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

The Fund’s managers invest primarily in the equity securities of companies they believe are undervalued and trading at a low price relative to book value.

Strategy Statement

"Our strategy is not aimed at trading gains and we don't consider the composition of any index. We seek companies that answer our investment criteria and assume we will hold them for several years."


Grace Hoefig

Grace Hoefig

  • Joined Franklin Templeton in 2008
  • Managed Fund Since 2012
Bruce Baughman

Bruce Baughman

  • Joined Franklin Templeton in 1987
  • Managed Fund Since 1990
Donald Taylor

Donald Taylor

  • Joined Franklin Templeton in 1996
  • Managed Fund Since 1996

Overall Morningstar Rating As of 06/30/2016

Rating Category: Mid-Cap Value

The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 06/30/2016

Years Ratings Funds
in category
1 Stars
1 Stars
1 Stars

Morningstar Style Box As of 03/31/2016

Strategy, Benefits, Results


We employ a long-term, straightforward, disciplined approach to investing in securities of companies of any size and market capitalization. Before investing, companies must meet the following criteria:

  • Sound Balance Sheets. We only consider companies with financials strong enough to withstand adversity, and with low levels of debt.
  • Attractive Price to Book Valuations. We select companies that trade in the lowest two deciles (20%) of the fund's investible universe, which is derived from a proprietary database, and then rigorously analyze company valuations.

We may also consider:

  • Book Value Growth. We analyze a company's assets and liabilities, focusing on growth in a company's book value through net earnings in an effort to determine overstated asset values.
  • Qualitative Analysis. We invest where management's interests are not adverse to those of long-term investors, and assume to own stocks for at least five years.


  • Diversification. We invest across the entire market-cap spectrum, maintaining an investment mix with a variety of industries or sectors.
  • A Record of Lower Volatility.
  • Value Expertise. Investors can benefit from our veteran management team with extensive value-investing experience.

Investing In The Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Stocks historically have outperformed other asset classes over the long term, but tend to fluctuate more dramatically over the short term.
  • Value securities may not increase in price as anticipated, or may decline further in value.
  • Historically, smaller and mid-sized company stocks have been more volatile in price, especially over the short term.
  • Smaller companies often have relatively small revenues, limited product lines and a small market share.
  • Investments in foreign securities involve special risks including currency fluctuations, and economic and political uncertainties.
  • These and other risks are described more fully in the fund’s prospectus.

Minimum Investment


How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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