FMCVX Performance — Franklin Mutual Small-Mid Cap Value Fund, Class R6
Data updated: 2026-09-25
FMCVX returned +14.88% year to date and +21.82% over one year to Jul 2026. Annualised returns are +11.67% over 3 years and +8.70% over 5 years. Against its US Mid-Cap Value category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $139, against $145 for the category, and to $122 over one year, against $120. Volatility over the past three years was 18.61% a year. In the 12 months to Jul 2026 the fund took in a net $14.1M, and assets reached $231.78M.
FMCVX Growth of $100
What $100 invested in Franklin Mutual Small-Mid Cap Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Value category average over the same months.
| Period | FMCVX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $122 | $120 |
| 3 years (Aug 2023 – Jul 2026) | $139 | $145 |
| 5 years (Aug 2021 – Jul 2026) | $152 | $156 |
| Since data start (Aug 2019 – Jul 2026) | $221 | $212 |
FMCVX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +14.88% |
| 1 year | +21.82% |
| 3 years (annualised) | +11.67% |
| 5 years (annualised) | +8.70% |
FMCVX Annual Returns
Calendar-year total returns of Franklin Mutual Small-Mid Cap Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +14.88% |
| 2025 | +7.44% |
| 2024 | +7.70% |
| 2023 | +12.12% |
| 2022 | +1.09% |
| 2021 | +27.07% |
| 2020 | +3.95% |
| 2019 (Aug–Dec) | +11.12% |
FMCVX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +6.5% | +4.6% | −8.9% | +8.1% | +1.7% | +2.6% | +0.3% | — | — | — | — | — |
| 2025 | +3.3% | −2.5% | −6.5% | −4.5% | +5.2% | +4.8% | +2.1% | +4.1% | −0.5% | −0.9% | +2.5% | +0.8% |
| 2024 | −5.1% | +2.2% | +4.6% | −7.6% | +6.7% | −3.3% | +12.7% | −0.8% | +0.1% | −1.7% | +10.9% | −8.7% |
| 2023 | +7.5% | −1.9% | −6.0% | −5.2% | −2.5% | +8.9% | +7.3% | −2.1% | −4.0% | −3.5% | +5.9% | +9.1% |
| 2022 | −2.3% | +0.6% | −1.8% | −3.8% | +2.1% | −5.1% | +7.2% | −0.1% | −8.0% | +11.0% | +4.9% | −2.2% |
| 2021 | +5.7% | +11.7% | +4.3% | +1.9% | +2.9% | −1.4% | −1.0% | +2.3% | −3.7% | +2.4% | −3.1% | +3.1% |
| 2020 | −6.8% | −8.4% | −22.8% | +11.6% | +1.3% | +3.3% | −0.9% | +8.1% | −1.7% | +2.8% | +18.9% | +4.8% |
| 2019 | — | — | — | — | — | — | — | −3.6% | +7.1% | +1.8% | +2.8% | +2.8% |
FMCVX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 18.61%
- 3-year Sharpe ratio: 0.39 (vs 4.5% risk-free rate)
- Best month: +12.71% (Jul 2024)
- Worst month: −8.88% (Mar 2026)
FMCVX Fund Flows
Monthly money in and out of Franklin Mutual Small-Mid Cap Value Fund, from SEC Form N-PORT.
- 12-month net flow: $14.1M
- 12-month gross sales (incl. reinvestments): $68.4M
- Sales ÷ redemptions: 1.26×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $3.3M | $4.7M | −$1.4M |
| Jun 2026 | $5.3M | $4.2M | $1.1M |
| May 2026 | $4.0M | $4.6M | −$516K |
| Apr 2026 | $3.3M | $4.4M | −$1.1M |
| Mar 2026 | $3.5M | $4.3M | −$839K |
| Feb 2026 | $3.7M | $4.1M | −$396K |
| Jan 2026 | $3.5M | $4.3M | −$797K |
| Dec 2025 | $30.5M | $8.0M | $22.5M |
| Nov 2025 | $2.2M | $3.6M | −$1.5M |
| Oct 2025 | $2.9M | $4.5M | −$1.6M |
| Sep 2025 | $2.9M | $3.4M | −$459K |
| Aug 2025 | $3.3M | $4.2M | −$932K |
FMCVX Assets Under Management
Net assets of Franklin Mutual Small-Mid Cap Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $231.78M |
| 2026-04-30 | $222.38M |
| 2026-01-31 | $218.22M |
| 2025-10-31 | $205.50M |
| 2025-07-31 | $203.31M |
| 2025-04-30 | $182.68M |
| 2025-01-31 | $212.31M |
| 2024-10-31 | $205.12M |
| 2024-07-31 | $214.32M |
| 2024-04-30 | $192.36M |
| 2024-01-31 | $205.69M |
| 2023-10-31 | $191.62M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.