Franklin Small Cap Growth Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Franklin Small Cap Growth Fund held 126 positions with $2.45B in net assets. Its ten largest holdings made up 23.3% of the fund. The FSGRX share class costs 1.04% a year. Over the 12 months to May 2026, FSGRX returned 27.6%, with dividends reinvested. In 2026 Q3 it added 28 new positions and exited 17.
Long-term capital growth.
The fund invests at least 80% of its net assets in equity securities of small-cap companies with market capitalizations not exceeding $1.5 billion or the highest market capitalization in the Russell 2000 Index at purchase, whichever is greater, using fundamental bottom-up research to identify companies with sustainable earnings growth, competitive advantages, and attractive valuations. The fund may also hold larger-cap equities and make private investments in non-publicly traded companies. Because the fund's returns depend on the manager's security selection decisions, performance will diverge from any index. The fund may maintain significant sector concentrations in technology, healthcare, consumer discretionary and industrials.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
INFXXFranklin Institutional U.S. Government Money Market Fund | 2.88% | $70.57M | — | — |
ACAArcosa, Inc. | 2.81% | $68.72M | 543.3K | $126.47 |
2.67% | $65.35M | 302.0K | $216.39 | |
2.47% | $60.55M | 441.8K | $137.07 | |
2.26% | $55.41M | 187.8K | $295.06 | |
2.21% | $54.22M | 443.4K | $122.28 | |
2.14% | $52.28M | 87.3K | $599.09 | |
SITMSiTime Corp. | 2.08% | $50.86M | 90.5K | $562.15 |
AIRAAR Corp. | 1.92% | $47.02M | 426.0K | $110.37 |
Credo Technology Group Holding Ltd. | 1.87% | $45.79M | 263.1K | $174.01 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 126 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.50% |
| Cash & short-term | 2.88% |
By sector
- Health Care
- 26.7%
- Information Technology
- 18.9%
- Industrials
- 15.7%
- Financials
- 8.8%
- 9 other sectors
- 29.9%
- Health Care
- 26.7%
- Information Technology
- 18.9%
- Industrials
- 15.7%
- Financials
- 8.8%
- International
- 7.2%
- Consumer Discretionary
- 6.3%
- Energy
- 4.7%
- Cash
- 3.4%
- Other
- 3.0%
- Consumer Staples
- 2.2%
- Real Estate
- 1.6%
- Communication Services
- 1.1%
- Utilities
- 0.6%
How it has done
FSGRX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.81%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.04% | +27.61% | +61.77% | +12.20% | -19.17% | |
| 1.79% | +26.69% | +58.33% | +8.17% | -19.40% | |
| 0.79% | +27.94% | +62.96% | +13.60% | -19.13% | |
| 1.29% | +27.31% | +60.57% | +10.81% | -19.24% | |
| 0.66% | +28.16% | +63.69% | +14.49% | -19.07% |
These classes hold the same portfolio, so the 6.32pp spread over 5 years is the cost difference between them — roughly 1.26pp a year — not a difference in what they own.
Fees & fund details
Franklin Small Cap Growth Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.66% – 1.79%· FSGRX 1.04%
- Portfolio turnover
- 16.31% a year · as of 2025 Q3
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
28 new· the largest 8
17 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — FSGRX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”