Franklin MicroCap Value Fund (FRMCX)

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The chart shows the growth of an initial investment of $10,000 in Franklin MicroCap Value Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Franklin MicroCap Value Fund (FRMCX) has returned -1.50% so far this year and 12.23% over the past 12 months. Over the last ten years, FRMCX has returned 10.72% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Dec 12, 1995, FRMCX's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, your investment would double in approximately 5.9 years.

Historically, 60% of months were positive and 40% were negative. The best month was Dec 2019 with a return of +25.7%, while the worst month was Mar 2020 at -22.8%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FRMCX closed higher 52% of trading days. The best single day was Dec 20, 2024 with a return of +24.5%, while the worst single day was Dec 23, 2024 at -17.9%.

Franklin MicroCap Value Fund has an annualized alpha of 6.13%, beta of 0.63, and R² of 0.42 versus S&P 500 Index. Calculated based on daily prices since December 13, 1995.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.87%) than losses (71.47%) — typical of diversified or defensive assets.
• Beta of 0.63 may look defensive, but with R² of 0.42 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.42 means the benchmark explains less than half of this fund's behavior — treat beta with caution or consider switching to a more representative benchmark.

FRMCX has a high expense ratio of 1.23%, indicating above-average management fees.

FRMCX ranks 20 for risk / return — in the bottom 20% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Franklin MicroCap Value Fund (FRMCX) and compare them to a chosen benchmark (S&P 500 Index).

Franklin MicroCap Value Fund provided a 15.47% dividend yield over the last twelve months, with an annual payout of $3.46 per share.

The table displays the monthly dividend distributions for Franklin MicroCap Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Franklin MicroCap Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Franklin MicroCap Value Fund was 56.77%, occurring on Mar 9, 2009. Recovery took 520 trading sessions.

The current Franklin MicroCap Value Fund drawdown is 13.52%.

The chart below shows the rolling one-month volatility.