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Franklin MidCap Value Fund

Fund Category: ValueGo to Prices & Performance page
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Symbol FMVAX
CUSIP 355 148 818
Fund Number 422
Inception Date1 Jul 01, 2005
Distributions Annually
Total Net Assets
(all share classes)
As of 03/31/2014
$148.2
(millions)

As of  04/17/2014

NAV2 $15.50  
NAV Change $0.03  
POP3 $16.45  
YTD Total Return at NAV 1.18%
Distribution Rate at NAV N/A
30-day Standardized Yield
N/A

Average Annual Total Returns
As of Quarter End 03/31/2014

w/ Sales Charge w/o Sales Charge
1 Yr 15.21% 22.28%
5 Yrs 19.67% 21.09%
10 Yrs
Life 5.77% 6.48%

Expense Ratio and Sales Charge As of 03/01/2014 (updated annually)

Gross Expense Ratio4,5 1.66%
Net Expense Ratio 1.36%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.30%

Fund Description

Strategy Statement
Portfolio Managers
Samuel Kerner
"We invest in undervalued, mid-capitalization companies attempting to benefit from the growth potential associated with being small enough and the financial stability afforded by being large enough."

Samuel R. Kerner, CFA®
Joined Franklin Templeton in 1996
Managed Fund since 2005

Strategy, Benefits, Results

Strategy

We are long-term, bottom-up investors looking for companies with solid operating results and trading at attractive valuations. We are bargain seekers looking for $1 worth of value for 80 cents.

We seek undervalued mid-capitalization companies with the following characteristics:

  • Well-managed companies with strong fundamentals.
  • Stock prices that are low based on earnings, book value, cash flow or sales relative to the market, a company's industry or a company's earnings record.
  • Recent sharp price declines but the potential for good long-term earning prospects.
  • Valuable intangibles not reflected in the stock price, such as franchises, underused or understated assets or cash, or patents and trademarks.

We are buy-and-hold investors who generally seek to hold an investment for five or more years.

Benefits

  • Broad Market Exposure. We invest in a broad variety of companies across multiple sectors and industries.
  • Value Expertise. Investors benefit from our seasoned management team with extensive value investing experience.

Results

Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions.
  • Historically, mid-size company securities have been more volatile in price than larger company securities, especially over the short term.
  • Mid-size companies may be more susceptible to particular economic events or competitive factors than are larger, more broadly diversified companies.
  • The fund may invest up to 25% of its total assets in foreign securities, which involve special risks, including currency fluctuations and economic and political uncertainty.
  • These and other risks are discussed in the fund’s prospectus.

Minimum Investment

$1,000.00

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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Important Legal Information

Footnotes

For U.S. residents only.