Franklin Small Cap Value Fund

Franklin Value Investors Trust · 5 share classes

Actively managed U.S. equity fund
One fund, 5 share classes:FRVLXFRVFXFVFRXFVADXFRCSX
$4.09B NAV
88 positions · as of 2026-04-30 · filed 2026-06-24

Fund classification

Classified from what the fund holds · as of 2026 Q2

Franklin Small Cap Value Fund is an actively managed U.S. equity fund. 18% of FRVLX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 80% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Actively managed
Fund type
Open-end fund

Fund profile

As filed in the prospectus · 2026 Q1

Long-term total return.

Strategy · summarised

The fund invests at least 80% of its net assets in equity securities of small-capitalization companies with market capitalizations not exceeding the highest market cap in the Russell 2000 Index, selecting stocks the manager believes are undervalued relative to earnings, book value, cash flow, sales, or intangible assets, and may hold up to 25% in foreign securities and positions in REITs. The fund may concentrate in particular sectors and may hold companies experiencing cyclical challenges, temporary setbacks, or financial stress. Because returns depend on the manager's security selection, the fund's performance will diverge from that of any index.

Expenses
0.60% 1.72%across 5 share classes
Share classGrossNet
FRVLX0.98%0.97%
FRVFX1.73%1.72%
FVFRX1.23%1.22%
FVADX0.73%0.72%
FRCSX0.61%0.60%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 52.73% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

99.61%
of net assets
Stocks97.92%
Cash & short-term1.70%

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Financials25.6%
Industrials18.1%
International15.2%
Information Technology11.6%
7 smaller29.4%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
18%of stock holdings in top-quartile growers
covering 80% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 8 new8 exited

New: OII, PTEN, Sensata Technologies Holding plc, ATS Corp., SYNA, AVEX, ESI, ASO

Exited: Senior plc, MAT, MIDD, BRP, Inc., RXO, TechnipFMC plc, MGRC, Franklin Institutional U.S. Government Money Market Fund

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+37.80%+54.32%+40.32%15.21%-18.30%
+36.78%+50.89%+35.15%15.21%-18.57%
+37.46%+53.13%+38.56%15.22%-18.40%
+38.15%+55.46%+42.08%15.22%-18.23%
+38.32%+56.07%+43.04%15.22%-18.20%

These classes hold the same portfolio, so the 7.89pp spread over 5 years is the cost difference between them — roughly 1.58pp a year — not a difference in what they own.

Cumulative return· May 2023 – Apr 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Regal Rexnord Corp.RRX3.15%$128.93M
Rosebank Industries plc3.15%$128.72M
Whitecap Resources, Inc.WCPRF3.07%$125.37M
ACI Worldwide, Inc.ACIW3.06%$124.90M
Benchmark Electronics, Inc.BHE2.89%$118.33M
Select Water Solutions, Inc.WTTR2.65%$108.23M
Columbia Banking System, Inc.COLB2.61%$106.64M
Valmont Industries, Inc.VMI2.54%$103.84M
SOUTHSTATE BANK Corp.SSB2.50%$102.24M
WSFS Financial Corp.WSFS2.46%$100.41M
Showing 10 of 88Sign in to see more

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.

Top 10 positions are 28.07% of net assets, top 25 56.53%, across 88 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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