FSGAX Performance — Franklin Small Mid Cap Growth Fund, Advisor Class
Data updated: 2026-09-25
FSGAX returned +4.88% year to date and +1.54% over one year to Jul 2026. Annualised returns are +8.82% over 3 years and +0.21% over 5 years. The fund trailed its US Mid-Cap Blend category average: $100 invested three years ago grew to $129, against $144 for the category, and to $102 over one year, against $119. Volatility over the past three years was 17.54% a year. In the 12 months to Jul 2026 the fund lost a net $259.0M, and assets reached $3.48B.
FSGAX Growth of $100
What $100 invested in Franklin Small Mid Cap Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | FSGAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $102 | $119 |
| 3 years (Aug 2023 – Jul 2026) | $129 | $144 |
| 5 years (Aug 2021 – Jul 2026) | $101 | $145 |
| Since data start (Aug 2019 – Jul 2026) | $179 | $204 |
FSGAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.88% |
| 1 year | +1.54% |
| 3 years (annualised) | +8.82% |
| 5 years (annualised) | +0.21% |
FSGAX Annual Returns
Calendar-year total returns of Franklin Small Mid Cap Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +4.88% |
| 2025 | +3.00% |
| 2024 | +11.65% |
| 2023 | +27.50% |
| 2022 | −33.55% |
| 2021 | +10.19% |
| 2020 | +56.35% |
| 2019 (Aug–Dec) | +1.82% |
FSGAX 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 | +0.4% | +1.6% | −6.1% | +7.2% | +3.6% | +3.6% | −4.8% | — | — | — | — | — |
| 2025 | +6.0% | −5.7% | −8.7% | +1.0% | +8.3% | +4.5% | +2.0% | +0.4% | −0.3% | −0.7% | −1.4% | −1.2% |
| 2024 | −0.9% | +6.3% | +1.6% | −6.2% | +1.0% | +1.3% | −0.6% | +3.1% | +2.5% | +0.6% | +9.6% | −6.1% |
| 2023 | +9.1% | −0.8% | +2.3% | −2.5% | −0.3% | +7.4% | +3.3% | −2.4% | −5.8% | −5.1% | +13.2% | +8.2% |
| 2022 | −14.5% | −2.6% | +1.8% | −12.2% | −6.0% | −6.8% | +10.9% | −3.9% | −8.8% | +5.0% | +5.2% | −5.3% |
| 2021 | +0.1% | +2.9% | −2.6% | +5.8% | −3.5% | +7.9% | +0.9% | +3.7% | −4.6% | +6.5% | −5.1% | −1.1% |
| 2020 | +2.3% | −4.7% | −14.8% | +18.4% | +14.7% | +4.3% | +7.8% | +3.5% | +1.1% | +0.4% | +12.3% | +4.5% |
| 2019 | — | — | — | — | — | — | — | −3.4% | −2.9% | +2.0% | +4.9% | +1.5% |
FSGAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 17.54%
- 3-year Sharpe ratio: 0.25 (vs 4.5% risk-free rate)
- Best month: +13.21% (Nov 2023)
- Worst month: −8.72% (Mar 2025)
FSGAX Fund Flows
Monthly money in and out of Franklin Small Mid Cap Growth Fund, from SEC Form N-PORT.
- 12-month net flow: −$259.0M
- 12-month gross sales (incl. reinvestments): $583.6M
- Sales ÷ redemptions: 0.69×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $19.9M | $69.2M | −$49.3M |
| Jun 2026 | $23.7M | $61.0M | −$37.3M |
| May 2026 | $27.0M | $73.7M | −$46.7M |
| Apr 2026 | $26.6M | $70.4M | −$43.8M |
| Mar 2026 | $26.8M | $71.0M | −$44.1M |
| Feb 2026 | $30.7M | $68.8M | −$38.2M |
| Jan 2026 | $29.3M | $72.6M | −$43.4M |
| Dec 2025 | $294.0M | $86.0M | $208.0M |
| Nov 2025 | $25.2M | $65.2M | −$40.0M |
| Oct 2025 | $27.0M | $73.0M | −$46.0M |
| Sep 2025 | $27.0M | $62.6M | −$35.6M |
| Aug 2025 | $26.5M | $69.1M | −$42.6M |
FSGAX Assets Under Management
Net assets of Franklin Small Mid Cap Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $3.48B |
| 2026-04-30 | $3.53B |
| 2026-01-31 | $3.59B |
| 2025-10-31 | $3.81B |
| 2025-07-31 | $3.96B |
| 2025-04-30 | $3.53B |
| 2025-01-31 | $4.21B |
| 2024-10-31 | $3.96B |
| 2024-07-31 | $3.84B |
| 2024-04-30 | $3.90B |
| 2024-01-31 | $3.93B |
| 2023-10-31 | $3.31B |
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.