The Franklin Small Cap Value Fund underperformed its benchmark, the Russell 2000 Value Index, for the quarter ended March 31, 2026.
Toy manufacturer Mattel detracted from relative results after reporting weak holiday results and worse-than-expected guidance for 2026.
ACI Worldwide declined as valuations across payment companies compressed.
Regal Rexnord outperformed during the period, following fourth-quarter results that showed a modest improvement in organic growth relative to earlier in the year.
Management expects artificial intelligence spending to eventually slow, as the current pace is not sustainable.
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Key Takeaways
Markets: US equities, as measured by the Russell 1000 Index, fell during the quarter, on both fears about the impact spiking energy prices would have on the global economy following the closure of the Strait of
