Fund Research and Analysis

by Alec Lucas, Ph.D.
Franklin Small-Mid Cap Growth is striving to lift itself from years of mediocrity. Until signs emerge that its efforts have begun to pay off, it merits a Morningstar Analyst Rating of Neutral.In September 2016, longtime lead manager Ed Jamieson tapped   Read more 

Process Pillar:Neutral

Longtime manager Ed Jamieson and comanager J. P. Scandalios maintain a database of small- and mid-cap stocks within the range of the Russell 2500 and Russell Midcap indexes. They may use quantitative   Read more 

Performance Pillar:Neutral

The fund has a strong record since inception: It gained an annualized 10.3% from its early 1992 inception through September 2017, versus 8.9% for the mid-growth category. However, much of that outperformance   Read more 

People Pillar:Neutral

The fund’s management team is in transition. In September 2016, veteran tech analyst J.P. Scandalios became a comanager here alongside longtime lead manager Ed Jamieson. Scandalios will eventually succeed Jamieson, who will remain with the fund in a   Read more 

Price Pillar:Positive

A relatively attractive price tag versus broker-sold peers earns the fund a Positive Price Pillar rating. The A shares' 0.95% expense ratio, which applies to about two thirds of the fund’s assets, is   Read more 

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