Morningstar

Franklin Small Cap Growth Fund Advisor Class FSSAX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $27.78  /  −0.32 %
  • Fund Size $2.2B
  • Adjusted Expense Ratio 0.820%
  • Net Expense Ratio 0.820%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category Small Growth
  • Equity Style Box (Funds) Small Growth
  • Minimum Initial Investment $100,000
  • Investment Status Open
  • TTM Yield 0.00%
  • Turnover Ratio 48%
NAV and 1-Day Return as of

Morningstar’s Analysis FSSAX

Will FSSAX 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 FSSAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FSSAX 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 FSSAX’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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Portfolio Holdings FSSAX

More FSSAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
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SiTime Corp Ordinary Shares

2.12 48M
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Lattice Semiconductor Corp

1.94 44M
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JFrog Ltd Ordinary Shares

1.93 44M
Technology

Guardant Health Inc

1.74 39M
Healthcare

Repligen Corp

1.72 39M
Healthcare

Cactus Inc Class A

1.63 37M
Energy

BWX Technologies Inc

1.59 36M
Industrials

Matador Resources Co

1.58 36M
Energy

ServiceTitan Inc Class A Ordinary Shares

1.54 35M
Technology

Forgent Power Solutions Inc Ordinary Shares - Class A

1.53 35M
Industrials

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