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Franklin Small Cap Growth Fund Class R6 FSMLX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Franklin Templeton Investment Hub

Morningstar’s Analysis FSMLX

Will FSMLX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FSMLX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FSMLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FSMLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Second new management team in a year.

Analyst Drew Carter

Drew Carter

Analyst

Summary

Franklin Small Cap Growth will see its second leadership change in less than a year in October 2026, creating additional uncertainty after longtime lead manager Michael McCarthy retired at year-end 2025. While the incoming managers show some promise, they have much to prove. This strategy includes mutual fund and separately managed account vehicles.

by Drew Carter
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