Net Asset Value
$9.42
NAV Change
$-0.07
Morningstar Overall Rating™ 1
Overall Morningstar Rating
Morningstar Category™: Global Small-Cap Equity
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.
Morningstar Style Box
Source: Morningstar®. The style box reveals a fund's investment style. The vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend, or growth). Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.
Historical Morningstar Ratings
| Years | 3 |
| Ratings | |
| Number of Funds In Category | 203 |
| Years | 5 |
| Ratings | |
| Number of Funds In Category | 165 |
| Years | 10 |
| Ratings | |
| Number of Funds In Category |
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©2024 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Overview
- Fund description
- Reasons to invest
Fund description
Invests primarily in global small-cap stocks that Royce believes are “premier” small-cap companies, those with discernible competitive advantages, high returns on invested capital, and a sustainable franchise. Global small cap companies are those similar in size to companies in the MSCI All Country World (ACWI) Small Cap Index.
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Reasons to invest
- Small Cap Opportunities: Focuses on leading quality companies, those with low debt, the ability to generate excess cash flow, and attractive prospects that are selling at prices Royce believes do not fully reflect these attributes.
- Low Research Coverage: Many global small cap stocks have little or no analytical coverage from brokerage firms, potentially increasing the opportunity to find high quality companies selling at valuations that Royce believes understates their true worth.
Portfolio Managers
Performance
- Annualised Performance
- Calendar Year Performance
- Cumulative Performance
- Risk Measures
Annualised Performance
Calendar Year Performance
Cumulative Performance
Risk Measures
Portfolio
Portfolio Allocations
- Assets
- Geography
- Sector
- Market Capitalization
Assets
Geography
Sector
Market Capitalization
Portfolio Holdings
- Holdings
- Top Ten Holdings
Holdings
Top Ten Holdings
Distribution
Pricing
Documents
Fund Literature
Factsheet - Franklin Royce Global Small Cap Premier Fund - Series PF-USD
Product Commentary - Franklin Royce Global Small Cap Premier Fund
Portfolio Holdings - Franklin Royce Global Small Cap Premier Fund
Flyer - Royce Global Small Cap Premier Fund
Regulatory Documents
Quarterly Product Disclosure
Semiannual Management Report of Fund Performance - Franklin Royce Global Small Cap Premier Fund
Point of Sale Fund Facts – Franklin Royce Global Small Cap Premier Fund Series PF
Important Legal Information
Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your units.
Effective August 9, 2021, Royce & Associates, LP (operating as Royce Investment Partners) (“Royce”) replaced Templeton Investment Counsel, LLC as the sub-advisor to Franklin Royce Global Small Cap Premier Fund (formerly Templeton Global Smaller Companies Fund). Royce is an affiliate of the Manager.
Effective August 9, 2021, Templeton Global Smaller Companies Fund has been renamed Franklin Royce Global Small Cap Premier Fund. The investment objective of the fund remains the same. Certain investment strategies have changed. Please refer to Amendment No.1 to the Simplified Prospectus for the fund, dated June 24, 2021, for further details.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus or fund facts document before investing. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.
Distributions are not guaranteed and the proportion of income and return of capital will fluctuate depending on fund returns. Unlike fixed-income securities, there is no obligation to distribute any fixed amount, and reductions in, or suspensions of, distributions may occur that would reduce yield. Distributions are not an indication of performance, rate of return, or yield. Mutual fund distributions are not guaranteed and are set and may change at the discretion of Franklin Templeton Investments Canada.
Series F is available to investors participating in programs that do not require Franklin Templeton to incur distribution costs in the form of trailing commissions to dealers. As a consequence, the management fee on Series F is lower than on Series A. The gross of fees version of Series F does not exist and as a result, investors cannot purchase Series F securities on a gross of fees basis. Performance would have been lower with fees taken into account.
Series O investors do not pay any of the management fees within the fund but instead pay a separate management and administration fee that they negotiate directly with Franklin Templeton Canada. To qualify to purchase or hold Series O units an investor must meet minimum investment requirements as set out in the fund's current prospectus. For more details on the management and administration fee, please read the prospectus. Performance is presented in Canadian dollars and is gross of fees (before management and custodial fees) of Series O units of the Fund. Taking into account such fees would result in lower rates of return.
Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors can obtain any fund document by contacting a financial advisor or downloading it from the list of fund documents above.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Footnotes
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products with at least a three-year history, and subject to change monthly. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total return, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total return. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads. Morningstar Rating is for the specified share class(es) only; other classes may have different performance characteristics.
Price to Earnings (12-mo Trailing) measures the current price to earnings ratio (P/E) relative to the trailing 12 months of reported earnings.
All data is subject to change.