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FMCVX Franklin MicroCap Value R6

  • Fund
  • FMCVX
  • Price as of: Jan 19, 2018
  • $35.17
  • + $0.43
  • + 1.24%
  • Category
  • Micro Cap Equities

FMCVX - Profile

Vitals

  • YTD Return 2.6%
  • 3 Yr Annualized Return 9.3%
  • 5 Yr Annualized Return 11.4%
  • Net Assets $335 M
  • Holdings in Top 10 26.7%

52 WEEK LOW AND HIGH

$35.17
$31.15
$37.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.80%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 8.82%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2014-03-04

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Investment Themes

CATEGORY

Micro Cap Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Value

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 9.3%
  • 5 Yr Annualized Total Return 11.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.39%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Franklin MicroCap Value Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date May 01, 2013
  • Shares Outstanding N/A
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Bruce C. Baughman

Fund Description

The fund invests at least 80% of its net assets in investments of microcap companies. The fund managers consider microcap companies as companies with market capitalizations (share price times the number of shares of common stock outstanding) under $500 million at the time of purchase. The fund generally invests in equity securities of companies that the fund's investment manager believes are undervalued at the time of purchase and have the potential for capital appreciation. It may invest up to 25% of its total assets in foreign securities.

FMCVX - Performance

Return Ranking - Trailing

Period FMCVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.6% -13.2% 10.3% 84.75% 5
1 Yr 8.6% -13.9% 38.4% 61.67% 4
3 Yr 9.3% * -1.9% 19.2% 42.59% 3
5 Yr 11.4% * 3.8% 21.2% 68.63% 4
10 Yr 8.4% * 1.8% 10.8% 35.48% 2

* Annualized


Return Ranking - Calendar

Period FMCVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.5% -17.6% 28.9% 58.62% 3
2016 18.1% -22.1% 33.0% 33.93% 2
2015 -18.1% -30.4% 3.3% 81.48% 4
2014 N/A -24.9% 28.6% N/A N/A
2013 N/A 1.8% 64.7% N/A N/A

Total Return Ranking - Trailing

Period FMCVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.6% -13.2% 10.3% 84.75% 5
1 Yr 8.6% -10.9% 38.4% 56.67% 3
3 Yr 9.3% * 0.5% 19.2% 40.74% 2
5 Yr 11.4% * 3.9% 21.2% 68.63% 4
10 Yr 8.4% * 1.8% 10.8% 35.48% 2

* Annualized


Total Return Ranking - Calendar

Period FMCVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 0.5% -17.6% 28.9% 58.62% 3
2016 18.1% -10.7% 33.0% 33.93% 2
2015 -7.9% -16.2% 8.2% 59.26% 3
2014 N/A -8.6% 47.2% N/A N/A
2013 N/A 1.8% 386.6% N/A N/A

NAV & Total Return History

FMCVX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

FMCVX Category Low Category High FMCVX % Rank Quintile
Net Assets 335 M 3.66 M 6.38 B 3.28% 1
Number of Holdings 79 38 1562 32.79% 4
Net Assets in Top 10 89 M 405 K 250 M 3.28% 1
Weighting of Top 10 26.7% 3.8% 43.5% 18.03% 2

Top 10 Holdings

  1. Seneca Foods Corp Class A 2.48%
  2. Hurco Companies Inc 3.10%
  3. Healthcare Services Group Inc 2.91%
  4. Hardinge Inc 2.53%
  5. Delta Apparel Inc 2.66%
  6. Miller Industries Inc. 2.69%
  7. Bar Harbor Bankshares Inc 2.60%
  8. Sterling Construction Co Inc 2.48%
  9. Northeast Bancorp 2.76%
  10. Spartan Motors Inc 2.47%

Asset Allocation

Weighting Category Low Category High FMCVX % Rank Quintile
Stocks
97.03% 74.74% 100.00% 24.59% 3
Cash
2.97% 0.00% 21.82% 31.15% 3
Preferred Stocks
0.00% 0.00% 3.48% 9.84% 4
Other
0.00% 0.00% 5.38% 19.67% 4
Convertible Bonds
0.00% 0.00% 0.02% 3.28% 4
Bonds
0.00% -0.08% 3.42% 4.92% 4

Stock Sector Breakdown

Weighting Category Low Category High FMCVX % Rank Quintile
Industrials
25.26% 5.67% 28.87% 3.28% 1
Financial Services
18.55% 0.00% 34.45% 24.59% 3
Consumer Cyclical
13.22% 5.54% 42.26% 39.34% 3
Basic Materials
11.08% 0.00% 11.31% 3.28% 1
Technology
7.44% 6.04% 51.27% 57.38% 5
Consumer Defense
7.08% 0.00% 9.92% 4.92% 1
Energy
5.97% 0.00% 10.66% 6.56% 2
Communication Services
4.92% 0.00% 6.32% 3.28% 1
Real Estate
1.92% 0.00% 8.78% 26.23% 3
Healthcare
1.61% 1.26% 30.21% 55.74% 5
Utilities
0.00% 0.00% 6.35% 18.03% 5

Stock Geographic Breakdown

Weighting Category Low Category High FMCVX % Rank Quintile
US
93.40% 65.52% 99.11% 26.23% 3
Non US
3.63% 0.00% 23.41% 27.87% 3

FMCVX - Expenses

Operational Fees

FMCVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.80% 0.52% 6.72% 83.61% 1
Management Fee 0.75% 0.50% 1.50% 14.75% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.01% 0.40% 8.00% 5

Sales Fees

FMCVX Fees (% of AUM) Category Low Category High FMCVX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FMCVX Fees (% of AUM) Category Low Category High FMCVX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMCVX Fees (% of AUM) Category Low Category High FMCVX Rank Quintile
Turnover 8.82% 8.82% 180.00% 48.28% 1

FMCVX - Distributions

Dividend Yield Analysis

FMCVX Category Low Category High FMCVX % Rank Quintile
Dividend Yield N/A 0.01% 0.63% N/A N/A

Dividend Distribution Analysis

FMCVX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

FMCVX Category Low Category High FMCVX % Rank Quintile
Net Income Ratio 0.39% -2.70% 0.75% 4.92% 1

Capital Gain Distribution Analysis

FMCVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

FMCVX - Managers

Bruce C. Baughman

Lead Manager

Start Date

Dec 12, 1995

Tenure

22.07

Tenure Rank

1.4%

Bruce C. Baughman, CPA, Senior Vice President and Portfolio Manager of Franklin Advisory Services. Mr. Baughman joined Franklin Templeton in 1988. He has been in the investment industry for more than 30 years. Prior to joining Franklin Templeton, Mr. Baughman served as a portfolio manager with L.F. Rothschild, and began his mutual fund career with the Pilgrim Group.


Tenure Analysis

Category Low

0.1

Category High

23.5

Category Average

6.22

Category Mode

3.0