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Franklin Small Cap Value Fund

Fund Category: ValueGo to Prices & Performance page
showing this category of funds.

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Symbol FRVLX
CUSIP 355 148 305
Fund Number 482
Inception Date1 Mar 11, 1996
Distributions Annually
Total Net Assets
(all share classes)
As of 03/31/2014
$2,698.3
(millions)

As of  04/17/2014

NAV2 $59.37  
NAV Change $0.32  
POP3 $62.99  
YTD Total Return at NAV -0.22%
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 17.13% 24.28%
5 Yrs 23.39% 24.87%
10 Yrs 9.30% 9.95%
Life 9.82% 10.19%

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

Gross Expense Ratio4 1.21%
Net Expense Ratio 1.20%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.30%

Fund Description

Strategy Statement
Portfolio Managers
William J. Lippman
"We seek under-researched, small-cap companies ignored by Wall Street using a bottom-up strategy to find forgotten companies with good growth prospects, strong balance sheets, and bargain valuations."

William J. Lippman
Joined Franklin Templeton in 1988
Managed Fund since 1996

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 small-capitalization companies with the following characteristics:

  • Well managed companies with strong fundamentals that are selling at bargain valuations.
  • 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

  • Small-Cap Exposure. We aim to take advantage of the prospects particular to small-cap companies, which may not exist among larger companies.
  • Broad Market Exposure. We invest in a variety of companies across multiple sectors and industries.
  • Value Expertise. Investors can benefit from our veteran 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.
  • 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.
  • Smaller-company stocks have historically exhibited special risks, including greater price volatility, particularly over the short term.
  • Smaller companies often have relatively small revenues, limited product lines and a small market share.
  • Investments in foreign securities may involve special risks including currency fluctuations and economic and political uncertainty.
  • These and other risks are described more fully 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.