Franklin Small-Mid Cap Growth Fund Class A

Franklin Small-Mid Cap Growth Fund Class A is an actively managed mutual fund focused on delivering long-term capital growth by investing primarily in the equity securities of small- and medium-sized U.S. companies. The fund maintains a policy of allocating at least 80% of its net assets to small- and mid-cap stocks, targeting businesses that are poised for above-average earnings and revenue growth within their respective sectors. Its portfolio is diversified across various industries, with notable allocations to industrials, financial services, healthcare, technology, and communication services, as reflected in its top holdings that include companies like Trane Technologies, Ares Management, CrowdStrike Holdings, DexCom, and Pinterest. As a member of the mid-cap growth category, the fund seeks to capitalize on the innovative and expansionary potential of emerging and established firms that are not yet large-cap but show significant market promise. The Franklin Small-Mid Cap Growth Fund Class A plays a vital role in the broader financial market by offering investors access to faster-growing segments of the U.S. equity landscape through a professionally managed, cost-competitive investment vehicle.