Morningstar

Franklin Small Cap Growth Fund Class R FSSRX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $21.73  /  +1.16 %
  • Fund Size $2.3B
  • Adjusted Expense Ratio 1.320%
  • Net Expense Ratio 1.320%
  • Fee Level: Distribution Below Average
  • Share Class Type Retirement, Medium
  • Morningstar Category Small Growth
  • Equity Style Box (Funds) Small Growth
  • Minimum Initial Investment $1,000
  • Investment Status Open
  • TTM Yield 0.00%
  • Turnover Ratio 48%
NAV and 1-Day Return as of

Morningstar’s Analysis FSSRX

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

  • People Pillar

    The People Pillar is our evaluation of the FSSRX 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 FSSRX’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 FSSRX

More FSSRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JFrog Ltd Ordinary Shares

1.83 45M
Technology

ServiceTitan Inc Class A Ordinary Shares

1.76 44M
Technology

Cactus Inc Class A

1.69 42M
Energy

SiTime Corp Ordinary Shares

1.69 42M
Technology

Lattice Semiconductor Corp

1.64 40M
Technology

Matador Resources Co

1.64 40M
Energy

BWX Technologies Inc

1.62 40M
Industrials

Repligen Corp

1.59 39M
Healthcare

Jazz Pharmaceuticals PLC

1.48 37M
Healthcare

Miami International Holdings Inc

1.47 36M
Financial Services

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