Franklin Small Cap Value Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Franklin Small Cap Value Fund held 88 positions with $4.09B in net assets. Its ten largest holdings made up 28.1% of the fund. The FRVLX share class costs 0.97% a year. Over the 12 months to May 2026, FRVLX returned 32.2%, with dividends reinvested. In 2026 Q3 it added 19 new positions and exited 10.
Long-term total return.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
3.15% | $128.93M | 599.6K | $215.03 | |
Rosebank Industries plc | 3.15% | $128.72M | 25.6M | $5.03 |
WCPRFWhitecap Resources, Inc. | 3.07% | $125.37M | 10.6M | $11.80 |
3.06% | $124.90M | 2.9M | $43.22 | |
2.89% | $118.33M | 1.4M | $82.05 | |
2.65% | $108.23M | 6.5M | $16.73 | |
2.61% | $106.64M | 3.6M | $29.60 | |
2.54% | $103.84M | 204.4K | $508.04 | |
2.50% | $102.24M | 1.0M | $97.67 | |
2.46% | $100.41M | 1.4M | $71.97 |
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 88 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 | 97.92% |
| Cash & short-term | 1.70% |
By sector
- Financials
- 26.1%
- International
- 19.7%
- Industrials
- 10.8%
- Materials
- 8.9%
- 8 other sectors
- 34.4%
- Financials
- 26.1%
- International
- 19.7%
- Industrials
- 10.8%
- Materials
- 8.9%
- Consumer Discretionary
- 8.1%
- Information Technology
- 7.1%
- Energy
- 6.0%
- Health Care
- 5.4%
- Real Estate
- 3.0%
- Utilities
- 2.4%
- Cash
- 2.0%
- Communication Services
- 0.5%
How it has done
FRVLX share class · total returns with dividends reinvested
Volatility over the last 12 months: 14.89%. 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 |
|---|---|---|---|---|---|
| 0.97% | +32.24% | +62.37% | +39.72% | -18.30% | |
| 1.72% | +31.23% | +58.80% | +34.59% | -18.57% | |
| 1.22% | +31.90% | +61.19% | +38.00% | -18.40% | |
| 0.72% | +32.56% | +63.60% | +41.48% | -18.23% | |
| 0.60% | +32.72% | +64.25% | +42.46% | -18.20% |
These classes hold the same portfolio, so the 7.87pp spread over 5 years is the cost difference between them — roughly 1.57pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.60% – 1.72%· FRVLX 0.97%
- Portfolio turnover
- 52.73% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
19 new· the largest 8
10 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 — FRVLX, QQQ and the fund in my 401(k)?”
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