# Franklin Small Cap Value Fund, Class A (FRVLX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/frvlx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Franklin Templeton · Asset class: Equity - Strategy: Passive Index · Inception: 1996-03-11 This fund is primarily designed to invest a substantial portion—at least 80%—of its net holdings in companies categorized as small-capitalization (small-cap). For this portfolio, a small-cap company is defined as one whose market value does not surpass the higher of two benchmarks: either the current maximum market capitalization found in the Russell 2000 Index, or the average of that index's highest market capitalization over the preceding twelve months. The fund's strategy typically involves acquiring common stocks (equity securities) that its management team believes are undervalued at t... ## Key Facts | Metric | Value | |---|---| | Price | $65.24 | | Expense Ratio | 0.97% | | Assets Under Management | $3.98B | | NAV | $65.24 | | Holdings Count | — | | Distribution Yield (TTM) | 6.82% | | Annual Distribution (TTM) | $4.45 /share | | Distribution Frequency | Annual | | 52-Week Range | $55.12 – $70.81 | | Beta | 0.98 | ## Latest Distribution - Amount: $4.4521 /share - Ex-date: 2025-12-22 - Pay date: 2025-12-22 ## Frequently Asked Questions ### What does FRVLX invest in? This fund is primarily designed to invest a substantial portion—at least 80%—of its net holdings in companies categorized as small-capitalization (small-cap). For this portfolio, a small-cap company is defined as one whose market value does not surpass the higher of two benchmarks: either the current maximum market capitalization found in the Russell 2000 Index, or the average of that index's highest market capitalization over the preceding twelve months. The fund's strategy typically involves acquiring common stocks (equity securities) that its management team believes are undervalued at the time of purchase and exhibit strong potential for increasing in market price. Additionally, the fund has the flexibility to allocate up to 25% of its total assets to international (foreign) securities. ### What is the expense ratio of FRVLX? Franklin Small Cap Value Fund, Class A (FRVLX) charges an expense ratio of 0.97%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FRVLX? Franklin Small Cap Value Fund, Class A (FRVLX) manages $3.98B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FRVLX actively managed or an index fund? FRVLX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FRVLX's is 0.97%) because there's no security selection cost. ### When was FRVLX launched? Franklin Small Cap Value Fund, Class A (FRVLX) launched in March 1996 and is managed by Franklin Templeton. ### How has FRVLX performed? FRVLX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FRVLX pay a dividend? Franklin Small Cap Value Fund, Class A (FRVLX) currently distributes little or no income. Trailing-twelve-month yield is 6.82%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FRVLX pay dividends? Franklin Small Cap Value Fund, Class A pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FRVLX's dividend yield? FRVLX's trailing-twelve-month yield is 6.82%, calculated from the sum of dividends over the past year divided by the current price. ### When is FRVLX's next ex-dividend date? The most recently announced ex-dividend date for FRVLX was 2025-12-22. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will FRVLX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.97% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FRVLX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FRVLX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FRVLX cost more than a fund like VOO? FRVLX is a passive index fund (current expense ratio 0.97%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to FRVLX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FRVLX (0.97%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/frvlx - Distribution history: https://www.dividenddata.com/funds/frvlx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/frvlx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/frvlx/expenses - Peer comparison: https://www.dividenddata.com/funds/frvlx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.