- ISIN
- US3551482066
- CUSIP
- 355148206
- Issuer
- Franklin Templeton
- Inception Date
- Dec 12, 1995
- Category
- Small Cap Value Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FRMCX Performance Chart
Franklin MicroCap Value Fund (FRMCX) is up 13.8% since the beginning of the year. FRMCX is currently trading at $26 per share. Investors who bought $1,000 worth of FRMCX shares 5 years ago would now be looking at an investment worth $1,571.
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Returns By Period
Franklin MicroCap Value Fund (FRMCX) has returned 13.78% so far this year and 27.79% over the past 12 months. Over the last ten years, FRMCX has returned 12.03% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Franklin MicroCap Value Fund
- 1D
- 1.21%
- 1M
- 3.28%
- YTD
- 13.78%
- 6M
- 11.33%
- 1Y
- 27.79%
- 3Y*
- 14.26%
- 5Y*
- 9.45%
- 10Y*
- 12.03%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FRMCX Monthly Returns History
Based on dividend-adjusted daily data since Dec 12, 1995, FRMCX's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.47% | 4.63% | -8.89% | 8.02% | 1.73% | 2.01% | 13.78% | ||||||
| 2025 | 3.24% | -2.50% | -6.48% | -4.49% | 5.20% | 4.86% | 1.99% | 4.10% | -0.58% | -0.94% | 2.49% | 0.91% | 7.25% |
| 2024 | -5.13% | 2.16% | 4.52% | -7.68% | 6.73% | -3.36% | 12.68% | -0.78% | 0.03% | -1.74% | 10.90% | -7.74% | 8.47% |
| 2023 | 7.51% | -1.96% | -6.09% | -5.16% | -2.60% | 8.87% | 7.28% | -2.14% | -4.02% | -3.52% | 5.90% | 9.02% | 11.72% |
| 2022 | -2.35% | 0.55% | -1.81% | -3.80% | 2.11% | -5.11% | 7.17% | -0.11% | -8.07% | 11.04% | 4.90% | -2.30% | 0.62% |
| 2021 | 5.65% | 11.68% | 4.29% | 1.90% | 2.89% | -1.39% | -1.04% | 2.26% | -3.72% | 2.36% | -3.13% | 5.67% | 29.86% |
Benchmark Metrics
Franklin MicroCap Value Fund has an annualized alpha of 6.21%, beta of 0.63, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since December 12, 1995.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.30%) than losses (70.73%) - typical of diversified or defensive assets.
- Beta of 0.63 may look defensive, but with R2 of 0.43 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 0.43 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 6.21%
- Beta
- 0.63
- R²
- 0.43
- Upside Capture
- 84.30%
- Downside Capture
- 70.73%
Expense Ratio
FRMCX has a high expense ratio of 1.23%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FRMCX ranks 32 for risk / return — below 32% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin MicroCap Value Fund (FRMCX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRMCX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.07 | 2.78 | -0.71 |
| Martin ratioReturn relative to average drawdown | 6.82 | 12.44 | -5.62 |
Dividends
Dividend History
Franklin MicroCap Value Fund provided a 13.40% dividend yield over the last twelve months, with an annual payout of $3.46 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.46 | $3.46 | $6.18 | $1.46 | $1.62 | $4.97 | $1.45 | $9.49 | $1.77 | $2.63 | $3.00 | $3.90 |
Dividend yield | 13.40% | 15.24% | 25.34% | 5.16% | 6.09% | 17.71% | 5.63% | 36.24% | 6.75% | 7.74% | 8.86% | 13.59% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.46 | $3.46 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.18 | $6.18 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.46 | $1.46 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.62 | $1.62 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.97 | $4.97 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
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 0.46%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -56.77%Mar 2009 | 1y 7mo | 2y 21d | 3y 8moJul 2007 - Mar 2011 |
COVID crash2020 | -43.50%Mar 2020 | 2mo 22d | 8mo 11d | 11mo 3dDec 2019 - Nov 2020 |
2025 selloff2025 | -32.84%Apr 2025 | 3mo 16d | 10mo 7d | 1y 1moDec 2024 - Feb 2026 |
1998 bear market1998 | -29.32%Oct 1998 | 5mo 7d | 2y 5mo | 2y 11moMay 1998 - Mar 2001 |
Rate-hike selloffLate 2018 | -24.09%Dec 2018 | 3mo 21d | 11mo 27d | 1y 3moSep 2018 - Dec 2019 |
Drawdown Indicators
| FRMCX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.77% | -56.78% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -9.10% | -4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -32.84% | -18.90% | -13.94% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -25.43% | -7.41% |
Max Drawdown (10Y)Largest decline over 10 years | -43.50% | -33.92% | -9.58% |
Current DrawdownCurrent decline from peak | -0.46% | -1.80% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -8.72% | -10.71% | +1.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.10% | 2.03% | +2.07% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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