- Sector
- Financial Services
- Industry
- Asset Management
- Address
- San Mateo, CA 94403-1906 New York NY United States of America 10105
- IPO Date
- Feb 14, 1992
- Business
- Franklin Small-Mid Cap Growth Fund Class A (FRSGX) is an open-end mutual fund managed by Franklin Templeton that seeks long-term capital growth by investing at least 80% of its net assets in equity securities of small- and medium-sized companies within the market capitalization ranges of the Russell 2500™ Index and Russell Midcap® Index at the time of purchase; the portfolio emphasizes growth-oriented stocks across sectors such as capital goods, software and services, consumer services, financial services, and consumer discretionary distribution and retail, with top holdings including Ares Management Corporation, Axon Enterprise, Inc., Verisk Analytics, Inc., DoorDash, Inc., and HubSpot, Inc. The fund offers Class A shares with an annual dividend frequency, a portfolio turnover rate of 34%, and benchmarks against the Russell Midcap Growth Index and S&P 500 Index; it maintains a weighted average market capitalization of approximately $41.64 billion, a forward price-to-earnings ratio of 34.18x, and a total net assets under management of $3.81 billion as of recent data. Launched on February 14, 1992, and headquartered in San Mateo, California, as part of Franklin Resources, Inc. (NYSE: BEN), the fund operates primarily in U.S. equity markets with a focus on mid-cap growth strategies through Franklin Equity Group's collaborative sector teams based in Silicon Valley.
In recent developments, Franklin Templeton, the fund's parent organization, completed the acquisition of Apera Asset Management in October 2025, enhancing its European private credit capabilities and boosting pro-forma alternative asset AUM to approximately $260 billion; the firm also forged a multi-year strategic partnership with Wand AI in November 2025 to advance agentic AI in asset management and formed an alliance with Copenhagen Infrastructure Partners, DigitalBridge, and Actis in September 2025 to expand infrastructure solutions for private wealth clients. Additional changes include the expansion of active ETF lineups with new international equity strategies in October 2025, launches of digital asset ETFs such as the Franklin Solana ETF (SOEZ) in December 2025 and Franklin XRP ETF (XRPZ) in November 2025, and the addition of JJ Swartz as a portfolio manager to related Franklin small-cap growth strategies in December 2025, reflecting ongoing portfolio management enhancements amid a dynamic U.S. equity environment. These initiatives underscore Franklin Templeton's broader push into alternatives, digital assets, and technology-driven investment platforms while maintaining the fund's core focus on small- and mid-cap growth equities.