NPORT-P
false
0000856119
XXXXXXXX
S000007354
C000128826
C000020198
C000020197
Franklin Value Investors Trust
811-05878
0000856119
549300RD0PTCJOMRSV24
One Franklin Parkway
San Mateo
94403-1906
650-312-2000
Franklin MicroCap Value Fund
S000007354
5493006EVJKC1V25UM73
2021-10-31
2021-04-30
N
220463170.42
360228.88
220102941.54
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
N
IntriCon Corp.
549300QOZJC6ZFWND923
IntriCon Corp.
46121H109
108800.00000000
NS
USD
2516544.00000000
1.143348645135
Long
EC
CORP
US
N
1
N
N
N
Schnitzer Steel Industries, Inc.
549300F62TK8VRDSM285
Schnitzer Steel Industries, Inc., Class A
806882106
47200.00000000
NS
USD
2228312.00000000
1.012395374822
Long
EC
CORP
US
N
1
N
N
N
WesBanco, Inc.
N/A
WesBanco, Inc.
950810101
42357.00000000
NS
USD
1537135.53000000
0.698371189065
Long
EC
CORP
US
N
1
N
N
N
ATN International, Inc.
54930013NP7VEU877V56
ATN International, Inc.
00215F107
29000.00000000
NS
USD
1321820.00000000
0.600546267465
Long
EC
CORP
US
N
1
N
N
N
Sierra Wireless, Inc.
549300E33RZ5BJ726L53
Sierra Wireless, Inc.
826516106
78100.00000000
NS
USD
1183215.00000000
0.537573460727
Long
EC
CORP
CA
N
1
N
N
N
Daktronics, Inc.
549300IOLZ3SG5YUJ288
Daktronics, Inc.
234264109
262973.00000000
NS
USD
1622543.41000000
0.737174795869
Long
EC
CORP
US
N
1
N
N
N
American National Bankshares, Inc.
5493001AQ734BV16EM88
American National Bankshares, Inc.
027745108
72823.00000000
NS
USD
2478166.69000000
1.125912571936
Long
EC
CORP
US
N
1
N
N
N
Northwest Pipe Co.
54930056VW2CRCZ9RE54
Northwest Pipe Co.
667746101
65700.00000000
NS
USD
2185839.00000000
0.993098495052
Long
EC
CORP
US
N
1
N
N
N
Hibbett Sports, Inc.
529900RD6P643J1CZM55
Hibbett Sports, Inc.
428567101
39500.00000000
NS
USD
3138275.00000000
1.425821471554
Long
EC
CORP
US
N
1
N
N
N
Trecora Resources
549300YM7091ZVQS2B12
Trecora Resources
894648104
328400.00000000
NS
USD
2492556.00000000
1.132450108372
Long
EC
CORP
US
N
1
N
N
N
Utah Medical Products, Inc.
5493002R27BBGV8DID60
Utah Medical Products, Inc.
917488108
20378.00000000
NS
USD
1778184.28000000
0.807887558230
Long
EC
CORP
US
N
1
N
N
N
Century Casinos, Inc.
549300H2L4Y24HXY7M50
Century Casinos, Inc.
156492100
304662.00000000
NS
USD
4006305.30000000
1.820196164562
Long
EC
CORP
US
N
1
N
N
N
ORBCOMM, Inc.
529900PSC8WVCY267I23
ORBCOMM, Inc.
68555P100
317500.00000000
NS
USD
3638550.00000000
1.653112845535
Long
EC
CORP
US
N
1
N
N
N
Delta Apparel, Inc.
549300YCES15WEDS8Z04
Delta Apparel, Inc.
247368103
94000.00000000
NS
USD
3196940.00000000
1.452474909072
Long
EC
CORP
US
N
1
N
N
N
Chuy's Holdings, Inc.
N/A
Chuy's Holdings, Inc.
171604101
81100.00000000
NS
USD
3962546.00000000
1.800314876427
Long
EC
CORP
US
N
1
N
N
N
Southern Missouri Bancorp, Inc.
N/A
Southern Missouri Bancorp, Inc.
843380106
80900.00000000
NS
USD
3388901.00000000
1.539689100149
Long
EC
CORP
US
N
1
N
N
N
Graham Corp.
N/A
Graham Corp.
384556106
152000.00000000
NS
USD
2083920.00000000
0.946793343796
Long
EC
CORP
US
N
1
N
N
N
Surgalign Holdings, Inc.
N/A
Surgalign Holdings, Inc.
86882C105
241200.00000000
NS
USD
436572.00000000
0.198349007489
Long
EC
CORP
US
N
1
N
N
N
Children's Place, Inc. (The)
549300BGVK2OO5O7TC19
Children's Place, Inc. (The)
168905107
30300.00000000
NS
USD
2374005.00000000
1.078588492906
Long
EC
CORP
US
N
1
N
N
N
GP Strategies Corp.
5493006GWK1B65HI6Q32
GP Strategies Corp.
36225V104
186800.00000000
NS
USD
2942100.00000000
1.336692721785
Long
EC
CORP
US
N
1
N
N
N
Vera Bradley, Inc.
52990005Q6LEJKXO7M51
Vera Bradley, Inc.
92335C106
321100.00000000
NS
USD
3564210.00000000
1.619337740360
Long
EC
CORP
US
N
1
N
N
N
Ultralife Corp.
529900NVAFLKA00F3U05
Ultralife Corp.
903899102
119601.00000000
NS
USD
944847.90000000
0.429275453289
Long
EC
CORP
US
N
1
N
N
N
Kimball Electronics, Inc.
549300COBYN2GZCBIU87
Kimball Electronics, Inc.
49428J109
108100.00000000
NS
USD
2487381.00000000
1.130098935796
Long
EC
CORP
US
N
1
N
N
N
Natural Gas Services Group, Inc.
N/A
Natural Gas Services Group, Inc.
63886Q109
71710.00000000
NS
USD
645390.00000000
0.293221887669
Long
EC
CORP
US
N
1
N
N
N
Mercer International, Inc.
549300Z5IAG39VRTY874
Mercer International, Inc.
588056101
192300.00000000
NS
USD
3171027.00000000
1.440701781545
Long
EC
CORP
US
N
1
N
N
N
Bar Harbor Bankshares
N/A
Bar Harbor Bankshares
066849100
121700.00000000
NS
USD
3487922.00000000
1.584677594763
Long
EC
CORP
US
N
1
N
N
N
PCTEL, Inc.
N/A
PCTEL, Inc.
69325Q105
95818.00000000
NS
USD
640064.24000000
0.290802219871
Long
EC
CORP
US
N
1
N
N
N
Premier Financial Corp.
N/A
Premier Financial Corp.
74052F108
127500.00000000
NS
USD
4027725.00000000
1.829927838228
Long
EC
CORP
US
N
1
N
N
N
Key Tronic Corp.
40TF3VPKEM3IMMIU0O47
Key Tronic Corp.
493144109
129687.00000000
NS
USD
902621.52000000
0.410090621090
Long
EC
CORP
US
N
1
N
N
N
Northeast Bank
549300F0LV9TSW34E306
Northeast Bank
66405S100
141735.00000000
NS
USD
3992674.95000000
1.814003448597
Long
EC
CORP
US
N
1
N
N
N
Resources Connection, Inc.
N/A
Resources Connection, Inc.
76122Q105
233100.00000000
NS
USD
3289041.00000000
1.494319420261
Long
EC
CORP
US
N
1
N
N
N
Seneca Foods Corp.
N/A
Seneca Foods Corp., Class A
817070501
35715.00000000
NS
USD
1645032.90000000
0.747392510290
Long
EC
CORP
US
N
1
N
N
N
Adams Resources & Energy, Inc.
UP28TXL7K8XSRNNC7V02
Adams Resources & Energy, Inc.
006351308
15000.00000000
NS
USD
397500.00000000
0.180597313792
Long
EC
CORP
US
N
1
N
N
N
Photronics, Inc.
549300OK5JVNIBNY6F63
Photronics, Inc.
719405102
220700.00000000
NS
USD
2802890.00000000
1.273445043664
Long
EC
CORP
US
N
1
N
N
N
First Business Financial Services, Inc.
549300BXKLW2T50TKU95
First Business Financial Services, Inc.
319390100
94100.00000000
NS
USD
2489886.00000000
1.131237039622
Long
EC
CORP
US
N
1
N
N
N
First Internet Bancorp
549300T25MP2M92XU194
First Internet Bancorp
320557101
141700.00000000
NS
USD
4867395.00000000
2.211417514888
Long
EC
CORP
US
N
1
N
N
N
Heritage-Crystal Clean, Inc.
N/A
Heritage-Crystal Clean, Inc.
42726M106
76900.00000000
NS
USD
2208568.00000000
1.003425026738
Long
EC
CORP
US
N
1
N
N
N
Shoe Carnival, Inc.
N/A
Shoe Carnival, Inc.
824889109
31200.00000000
NS
USD
1870440.00000000
0.849802363799
Long
EC
CORP
US
N
1
N
N
N
Purple Innovation, Inc.
N/A
Purple Innovation, Inc.
74640Y106
61900.00000000
NS
USD
2109552.00000000
0.958438803788
Long
EC
CORP
US
N
1
N
N
N
UFP Technologies, Inc.
549300RJ8LY41HS70C91
UFP Technologies, Inc.
902673102
27200.00000000
NS
USD
1361632.00000000
0.618634167482
Long
EC
CORP
US
N
1
N
N
N
Investar Holding Corp.
54930001EK2YM28LOJ08
Investar Holding Corp.
46134L105
194681.00000000
NS
USD
4304396.91000000
1.955628979732
Long
EC
CORP
US
N
1
N
N
N
Genesco, Inc.
549300VY2Q511P1K5P56
Genesco, Inc.
371532102
66500.00000000
NS
USD
3325000.00000000
1.510656775750
Long
EC
CORP
US
N
1
N
N
N
Indus Realty Trust, Inc.
N/A
Indus Realty Trust, Inc.
45580R103
64378.00000000
NS
USD
4023625.00000000
1.828065073482
Long
EC
CORP
US
N
1
N
N
N
Ducommun, Inc.
549300Z71HMWF90S2214
Ducommun, Inc.
264147109
38600.00000000
NS
USD
2274698.00000000
1.033470059093
Long
EC
CORP
US
N
1
N
N
N
Alpine Income Property Trust, Inc.
N/A
Alpine Income Property Trust, Inc.
02083X103
144500.00000000
NS
USD
2631345.00000000
1.195506512356
Long
EC
CORP
US
N
1
N
N
N
Hackett Group, Inc. (The)
5K016KLIRB6156644289
Hackett Group, Inc. (The)
404609109
152200.00000000
NS
USD
2531086.00000000
1.149955553656
Long
EC
CORP
US
N
1
N
N
N
First Western Financial, Inc.
549300PPOGX4C7S66B47
First Western Financial, Inc.
33751L105
68506.00000000
NS
USD
1758549.02000000
0.798966614301
Long
EC
CORP
US
N
1
N
N
N
Olympic Steel, Inc.
549300GQ061U6N6KWJ49
Olympic Steel, Inc.
68162K106
98100.00000000
NS
USD
2849805.00000000
1.294760070020
Long
EC
CORP
US
N
1
N
N
N
Polaris Infrastructure, Inc.
529900TVRAUXW0I7VZ94
Polaris Infrastructure, Inc.
73106R100
131400.00000000
NS
2130406.35000000
0.967913620369
Long
EC
CORP
CA
N
1
N
N
N
Miller Industries, Inc.
549300F1O74SPUJ7UU94
Miller Industries, Inc.
600551204
65300.00000000
NS
USD
2809206.00000000
1.276314610038
Long
EC
CORP
US
N
1
N
N
N
Peoples Financial Services Corp.
N/A
Peoples Financial Services Corp.
711040105
70451.00000000
NS
USD
3004735.15000000
1.365149928927
Long
EC
CORP
US
N
1
N
N
N
Ruth's Hospitality Group, Inc.
529900JQW9JP41OHOD14
Ruth's Hospitality Group, Inc.
783332109
147000.00000000
NS
USD
3838170.00000000
1.743806772024
Long
EC
CORP
US
N
1
N
N
N
Northrim Bancorp, Inc.
5493006X7RLLTZ3SG075
Northrim Bancorp, Inc.
666762109
60400.00000000
NS
USD
2576060.00000000
1.170388719921
Long
EC
CORP
US
N
1
N
N
N
WSFS Financial Corp.
549300SU7VQHD6QRG886
WSFS Financial Corp.
929328102
59200.00000000
NS
USD
3024528.00000000
1.374142471171
Long
EC
CORP
US
N
1
N
N
N
Computer Programs and Systems, Inc.
5493005Q6CJC78TGL805
Computer Programs and Systems, Inc.
205306103
65700.00000000
NS
USD
1972314.00000000
0.896087070077
Long
EC
CORP
US
N
1
N
N
N
Orrstown Financial Services, Inc.
5493008IR3FINUFGVM95
Orrstown Financial Services, Inc.
687380105
82125.00000000
NS
USD
1947183.75000000
0.884669571599
Long
EC
CORP
US
N
1
N
N
N
First Financial Corp.
N/A
First Financial Corp.
320218100
31900.00000000
NS
USD
1411256.00000000
0.641179981569
Long
EC
CORP
US
N
1
N
N
N
Consolidated Water Co. Ltd.
5299001BMEW8X9VIJA73
Consolidated Water Co. Ltd.
N/A
123000.00000000
NS
USD
1447710.00000000
0.657742231826
Long
EC
CORP
KY
N
1
N
N
N
Arrow Financial Corp.
2549007Z8GI9ZZIQ1817
Arrow Financial Corp.
042744102
95946.00000000
NS
USD
3391691.10000000
1.540956734275
Long
EC
CORP
US
N
1
N
N
N
Magellan Aerospace Corp.
N/A
Magellan Aerospace Corp.
558912200
85600.00000000
NS
738141.14000000
0.335361778827
Long
EC
CORP
CA
N
1
N
N
N
Ameresco, Inc.
529900NZXZGBCBXYY327
Ameresco, Inc., Class A
02361E108
69000.00000000
NS
USD
3642510.00000000
1.654912003680
Long
EC
CORP
US
N
1
N
N
N
CTO Realty Growth, Inc.
N/A
CTO Realty Growth, Inc.
22948Q101
52839.00000000
NS
USD
2800467.00000000
1.272344195132
Long
EC
CORP
US
N
1
N
N
N
LSI Industries, Inc.
529900HY42OANH6BVT33
LSI Industries, Inc.
50216C108
335118.00000000
NS
USD
2754669.96000000
1.251537094745
Long
EC
CORP
US
N
1
N
N
N
Invacare Corp.
549300NNUTG7HCZICS76
Invacare Corp.
461203101
255062.00000000
NS
USD
2303209.86000000
1.046423934130
Long
EC
CORP
US
N
1
N
N
N
Arbor Realty Trust, Inc.
549300ASFUWYQO0RW077
Arbor Realty Trust, Inc.
038923108
200513.00000000
NS
USD
3545069.84000000
1.610641736632
Long
EC
CORP
US
N
1
N
N
N
Hooker Furniture Corp.
N/A
Hooker Furniture Corp.
439038100
70000.00000000
NS
USD
2625700.00000000
1.192941803334
Long
EC
CORP
US
N
1
N
N
N
Digi International, Inc.
529900KG656HGROI4N27
Digi International, Inc.
253798102
113801.00000000
NS
USD
2033623.87000000
0.923942158960
Long
EC
CORP
US
N
1
N
N
N
Peapack-Gladstone Financial Corp.
549300G8DN2UK8K0ET30
Peapack-Gladstone Financial Corp.
704699107
120885.00000000
NS
USD
3868320.00000000
1.757504907901
Long
EC
CORP
US
N
1
N
N
N
CareCloud, Inc.
549300GEO5Y45G5I3070
CareCloud, Inc.
14167R100
294600.00000000
NS
USD
2315556.00000000
1.052033191287
Long
EC
CORP
US
N
1
N
N
N
Spartan Motors, Inc.
549300YY0TB51BGRV994
Spartan Motors, Inc.
825698103
129100.00000000
NS
USD
4572722.00000000
2.077537886593
Long
EC
CORP
US
N
1
N
N
N
DHI Group, Inc.
529900489RAC0CU0AO81
DHI Group, Inc.
23331S100
316252.00000000
NS
USD
923455.84000000
0.419556337384
Long
EC
CORP
US
N
1
N
N
N
Geospace Technologies Corp.
N/A
Geospace Technologies Corp.
37364X109
145030.00000000
NS
USD
1090625.60000000
0.495507053367
Long
EC
CORP
US
N
1
N
N
N
Ardmore Shipping Corp.
549300J8HD7K6BHD8O28
Ardmore Shipping Corp.
N/A
364400.00000000
NS
USD
1428448.00000000
0.648990872182
Long
EC
CORP
MH
N
1
N
N
N
Territorial Bancorp, Inc.
5493003VDUGN5KBPTN24
Territorial Bancorp, Inc.
88145X108
75939.00000000
NS
USD
1909865.85000000
0.867714823181
Long
EC
CORP
US
N
1
N
N
N
AXT, Inc.
549300M2142IVLVIJN37
AXT, Inc.
00246W103
254300.00000000
NS
USD
2507398.00000000
1.139193316752
Long
EC
CORP
US
N
1
N
N
N
United States Lime & Minerals, Inc.
549300VGDEEG8RT7VC89
United States Lime & Minerals, Inc.
911922102
9000.00000000
NS
USD
1243620.00000000
0.565017437431
Long
EC
CORP
US
N
1
N
N
N
Sterling Construction Co., Inc.
549300RZIK6K1215XU51
Sterling Construction Co., Inc.
859241101
153251.00000000
NS
USD
3195283.35000000
1.451722238532
Long
EC
CORP
US
N
1
N
N
N
NVE Corp.
5299003C1ATTWX8X0112
NVE Corp.
629445206
5400.00000000
NS
USD
413262.00000000
0.187758508409
Long
EC
CORP
US
N
1
N
N
N
Village Super Market, Inc.
25490069686XCNNEMQ07
Village Super Market, Inc., Class A
927107409
65300.00000000
NS
USD
1592014.00000000
0.723304281560
Long
EC
CORP
US
N
1
N
N
N
Alamo Group, Inc.
54930080C93RVZRSDV26
Alamo Group, Inc.
011311107
18100.00000000
NS
USD
2846225.00000000
1.293133558363
Long
EC
CORP
US
N
1
N
N
N
Anika Therapeutics, Inc.
529900R9LS3Z0O6QH455
Anika Therapeutics, Inc.
035255108
47392.00000000
NS
USD
1904210.56000000
0.865145439073
Long
EC
CORP
US
N
1
N
N
N
Institutional Fiduciary Trust - Money Market Portfolio
549300M4TP89K77LG374
Institutional Fiduciary Trust - Money Market Portfolio
457756500
7578511.50100000
NS
USD
7578511.50000000
3.443166841376
Long
STIV
RF
US
N
1
N
N
N
Hurco Cos., Inc.
XSC5XDOTBYOBQPOG2O82
Hurco Cos., Inc.
447324104
95500.00000000
NS
USD
3280425.00000000
1.490404888298
Long
EC
CORP
US
N
1
N
N
N
Preformed Line Products Co.
549300EYH53XDJID2098
Preformed Line Products Co.
740444104
32700.00000000
NS
USD
2164740.00000000
0.983512525936
Long
EC
CORP
US
N
1
N
N
N
Haverty Furniture Cos., Inc.
529900CVFMMIRXZVPD70
Haverty Furniture Cos., Inc.
419596101
51100.00000000
NS
USD
2374617.00000000
1.078866544620
Long
EC
CORP
US
N
1
N
N
N
Gibraltar Industries, Inc.
N/A
Gibraltar Industries, Inc.
374689107
34596.00000000
NS
USD
3177988.56000000
1.443864647044
Long
EC
CORP
US
N
1
N
N
N
Rocky Brands, Inc.
5299004HQ6GCTW838N96
Rocky Brands, Inc.
774515100
92620.00000000
NS
USD
4876443.00000000
2.215528318649
Long
EC
CORP
US
N
1
N
N
N
2021-06-01
Franklin Value Investors Trust
Robert Kubilis
Robert Kubilis
Chief Financial Officer, Chief Accounting Officer and Treasurer