Fund Description

The fund was incepted in April 1990 and is managed by Franklin Advisers. The objective of this fund is to seek high total return of which capital appreciation and income are components. The fund's invests primarily in the equity securities of companies they believe are undervalued and trading at a low price relative to book value. The fund invests a substantial portion of its assets in small capitalization companies, which have a market capitalization such as those that comprise the Russell 2000 Index at the time of the fund's investment (sometimes called 'small capital'). The fund may invest up to 25% of total assets in foreign securities. Investing in foreign securities typically involves more risks than investing in U.S. securities. The fund offers dividends and capital gains annually. There is no guarantee that fund would regularly pay either income dividends or capital gains distributions.