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 2020-10-31 2020-04-30 N 128341901.88 3183579.78 125158322.10 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 0.0000000 N COMPUTER PROGRAMS AND SYSTEMS INC COM USD1 5493005Q6CJC78TGL805 205306103 36800.00000000 NS USD 884304.00000000 0.706548302312 Long EC CORP US N 1 N N N WSFS FINANCIAL CORP COM USD.01 549300SU7VQHD6QRG886 929328102 73800.00000000 NS USD 2153484.00000000 1.720607917929 Long EC CORP US N 1 N N N ATN INTERNATIONAL INC COM USD0.01 54930013NP7VEU877V56 00215F107 34300.00000000 NS USD 2130716.00000000 1.702416558682 Long EC CORP US N 1 N N N RICHARDSON ELECTRONICS LTD COM USD.05 N/A 763165107 364532.00000000 NS USD 1458128.00000000 1.165026804078 Long EC CORP US N 1 N N N MONARCH CEMENT CO COM USD2.5 N/A 609031307 31428.00000000 NS USD 1524258.00000000 1.217863881861 Long EC CORP US N 1 N N N VERA BRADLEY INC COM USD NPV 52990005Q6LEJKXO7M51 92335C106 171341.00000000 NS USD 944088.91000000 0.754315729197 Long EC CORP US N 1 N N N GRIFFIN INDUSTRIAL REALTY INC COM USD.01 549300R8UPDF52PO7C86 398231100 77300.00000000 NS USD 2969866.00000000 2.372887355925 Long EC CORP US N 1 N N N NATURAL GAS SERVICES GROUP INC COM USD.01 N/A 63886Q109 71710.00000000 NS USD 455358.50000000 0.363825986446 Long EC CORP US N 1 N N N CHILDREN'S PLACE INC/THE COM USD.1 549300BGVK2OO5O7TC19 168905107 33400.00000000 NS USD 987304.00000000 0.788844068404 Long EC CORP US N 1 N N N SHORE BANCSHARES INC COM USD .01 N/A 825107105 58700.00000000 NS USD 651570.00000000 0.520596624393 Long EC CORP US N 1 N N N BAR HARBOR BANKSHARES COM USD2 N/A 066849100 134100.00000000 NS USD 2464758.00000000 1.969312114963 Long EC CORP US N 1 N N N GENESCO INC COM USD1 549300VY2Q511P1K5P56 371532102 54800.00000000 NS USD 1037364.00000000 0.828841408700 Long EC CORP US N 1 N N N Northeast Bank COM USD 1 549300F0LV9TSW34E306 66405S100 150635.00000000 NS USD 2523136.25000000 2.015955637359 Long EC CORP US N 1 N N N FIRST BUSINESS FINANCIAL SERVICES INC COM USD.01 549300BXKLW2T50TKU95 319390100 52200.00000000 NS USD 896796.00000000 0.716529260661 Long EC CORP US N 1 N N N VILLAGE SUPER MARKET INC COM A NPV 25490069686XCNNEMQ07 927107409 102992.00000000 NS USD 2474897.76000000 1.977413661732 Long EC CORP US N 1 N N N WESTERN NEW ENGLAND BANCORP INC COM USD.01 549300Y8QE4EI2LP6B42 958892101 142100.00000000 NS USD 854021.00000000 0.682352548093 Long EC CORP US N 1 N N N AXT INC COM USD.001 549300M2142IVLVIJN37 00246W103 254300.00000000 NS USD 1406279.00000000 1.123600074213 Long EC CORP US N 1 N N N SPARTAN MOTORS INC COM USD.01 549300YY0TB51BGRV994 846819100 216700.00000000 NS USD 3053303.00000000 2.439552519376 Long EC CORP US N 1 N N N MILLER INDUSTRIES INC COM USD.01 549300F1O74SPUJ7UU94 600551204 99100.00000000 NS USD 3010658.00000000 2.405479675250 Long EC CORP US N 1 N N N OLYMPIC STEEL INC COM NPV 549300GQ061U6N6KWJ49 68162K106 48300.00000000 NS USD 455952.00000000 0.364300185836 Long EC CORP US N 1 N N N FLOTEK INDUSTRIES INC COM USD.0001 549300TF60OEK4FPPC44 343389102 189800.00000000 NS USD 170326.52000000 0.136088849021 Long EC CORP US N 1 N N N TERRITORIAL BANCORP INC COM USD NPV 5493003VDUGN5KBPTN24 88145X108 43800.00000000 NS USD 1100694.00000000 0.879441320027 Long EC CORP US N 1 N N N AMES NATIONAL CORP COM USD2 N/A 031001100 28589.00000000 NS USD 606086.80000000 0.484256092468 Long EC CORP US N 1 N N N SOUTHERN MISSOURI BANCORP INC COM USD.01 N/A 843380106 85900.00000000 NS USD 2038407.00000000 1.628662773516 Long EC CORP US N 1 N N N ARBOR REALTY TRUST INC REIT USD1 549300ASFUWYQO0RW077 038923108 200513.00000000 NS USD 1381534.57000000 1.103829571074 Long EC CORP US N 1 N N N UNIVERSAL STAINLESS & ALLOY PRODUCTS INC COM USD.001 5493001OEIZDUGXZDE09 913837100 80100.00000000 NS USD 598347.00000000 0.478072084988 Long EC CORP US N 1 N N N CENTURY CASINOS INC COM USD.01 549300H2L4Y24HXY7M50 156492100 269862.00000000 NS USD 1223824.17000000 0.977820850795 Long EC CORP US N 1 N N N ADAMS RESOURCES & ENERGY INC COM USD.1 UP28TXL7K8XSRNNC7V02 006351308 30000.00000000 NS USD 838050.00000000 0.669591910420 Long EC CORP US N 1 N N N FIRST INTERNET BANCORP COM USD NPV 549300T25MP2M92XU194 320557101 149500.00000000 NS USD 2347150.00000000 1.875344731870 Long EC CORP US N 1 N N N PEAPACK-GLADSTONE FINANCIAL CORP COM USD NPV 549300G8DN2UK8K0ET30 704699107 47900.00000000 NS USD 903873.00000000 0.722183698881 Long EC CORP US N 1 N N N NORTHWEST PIPE CO COM USD.01 54930056VW2CRCZ9RE54 667746101 70100.00000000 NS USD 1704832.00000000 1.362140344641 Long EC CORP US N 1 N N N CHUYS HOLDINGS INC COM USD.01 N/A 171604101 57200.00000000 NS USD 958672.00000000 0.765967443406 Long EC CORP US N 1 N N N DHI GROUP INC COM USD NPV 529900489RAC0CU0AO81 23331S100 304800.00000000 NS USD 847344.00000000 0.677017705081 Long EC CORP US N 1 N N N FIRST FINANCIAL CORP INDUSTRIES COM USD1 N/A 320218100 31900.00000000 NS USD 1133088.00000000 0.905323737957 Long EC CORP US N 1 N N N SENECA FOODS CORP COM A USD.25 N/A 817070501 80915.00000000 NS USD 2911321.70000000 2.326111161568 Long EC CORP US N 1 N N N MTBC Inc COM USD.001 549300GEO5Y45G5I3070 55378G102 110500.00000000 NS USD 682890.00000000 0.545620929189 Long EC CORP US N 1 N N N ORBCOMM INC COM USD.001 529900PSC8WVCY267I23 68555P100 219600.00000000 NS USD 579744.00000000 0.463208510846 Long EC CORP US N 1 N N N Select Bancorp Inc COM USD 1 N/A 81617L108 66200.00000000 NS USD 542840.00000000 0.433722656945 Long EC CORP US N 1 N N N PEOPLES FINANCIAL SERVICES CORP COM USD2 N/A 711040105 71151.00000000 NS USD 2633298.51000000 2.103973963390 Long EC CORP US N 1 N N N DIGI INTERNATIONAL INC COM USD.01 529900KG656HGROI4N27 253798102 97600.00000000 NS USD 1107760.00000000 0.885086969378 Long EC CORP US N 1 N N N FIRST DEFIANCE FINANCIAL CORP COM USD 0.01 N/A 32006W106 134000.00000000 NS USD 2328920.00000000 1.860779180260 Long EC CORP US N 1 N N N ULTRALIFE CORP COM USD.1 529900NVAFLKA00F3U05 903899102 313729.00000000 NS USD 2211789.45000000 1.767193273998 Long EC CORP US N 1 N N N ALAMO GROUP INC COM USD1 54930080C93RVZRSDV26 011311107 29500.00000000 NS USD 2903980.00000000 2.320245231219 Long EC CORP US N 1 N N N First Western Financial Inc. COM USD NPV 549300PPOGX4C7S66B47 33751L105 24293.00000000 NS USD 303662.50000000 0.242622699717 Long EC CORP US N 1 N N N LSI INDUSTRIES INC COM USD1 529900HY42OANH6BVT33 50216C108 621700.00000000 NS USD 3854540.00000000 3.079731283805 Long EC CORP US N 1 N N N UFP TECHNOLOGIES INC COM USD.01 549300RJ8LY41HS70C91 902673102 7200.00000000 NS USD 309600.00000000 0.247366691087 Long EC CORP US N 1 N N N POLARIS INFRASTRUCTURE INC ORD CAD NPV 529900TVRAUXW0I7VZ94 73106R100 61100.00000000 NS 546554.82000000 0.436690753622 Long EC CORP CA N 1 N N N PHOTRONICS INC COM USD0.01 549300OK5JVNIBNY6F63 719405102 244300.00000000 NS USD 2919385.00000000 2.332553641672 Long EC CORP US N 1 N N N HAVERTY FURNITURE COS INC COM USD1 529900CVFMMIRXZVPD70 419596101 61400.00000000 NS USD 830742.00000000 0.663752905968 Long EC CORP US N 1 N N N HURCO COS INC COM USD NPV XSC5XDOTBYOBQPOG2O82 447324104 105200.00000000 NS USD 3438988.00000000 2.747710213989 Long EC CORP US N 1 N N N PREFORMED LINE PRODUCTS CO COM USD2 549300EYH53XDJID2098 740444104 13300.00000000 NS USD 660744.00000000 0.527926540491 Long EC CORP US N 1 N N N KEY TRONIC CORP COM USD NPV 40TF3VPKEM3IMMIU0O47 493144109 443500.00000000 NS USD 2053405.00000000 1.640645995844 Long EC CORP US N 1 N N N BURNHAM HOLDINGS INC COM USD1 CL A 549300VHOKZIOWQUFV59 122295108 56907.00000000 NS USD 577606.05000000 0.461500314408 Long EC CORP US N 1 N N N CODORUS VALLEY BANCORP INC COM USD2.5 N/A 192025104 39800.00000000 NS USD 559190.00000000 0.446786111077 Long EC CORP US N 1 N N N INVESTAR HOLDING CORP COM USD NPV 54930001EK2YM28LOJ08 46134L105 175181.00000000 NS USD 2198521.55000000 1.756592380843 Long EC CORP US N 1 N N N FULL HOUSE RESORTS INC COM USD.0001 5493009DKIWW0H901Y82 359678109 798464.00000000 NS USD 1229634.56000000 0.982463282799 Long EC CORP US N 1 N N N Purple Innovation Inc COM USD 1 N/A 74640Y106 61900.00000000 NS USD 622714.00000000 0.497541026079 Long EC CORP US N 1 N N N MERCER INTERNATIONAL INC COM SBI USD1 549300Z5IAG39VRTY874 588056101 192300.00000000 NS USD 1938384.00000000 1.548745594760 Long EC CORP US N 1 N N N IFT MONEY MARKET PORTFOLIO OEMF-SWEEP MONEY MARKET PORTFOLIO N/A 457756500 4853296.78100000 NS USD 4853296.78000000 3.877725986229 Long EC RF US N 1 N N N DELTA APPAREL INC COM USD.01 549300YCES15WEDS8Z04 247368103 101100.00000000 NS USD 1302168.00000000 1.040416632431 Long EC CORP US N 1 N N N NORTHRIM BANCORP INC COM USD1 5493006X7RLLTZ3SG075 666762109 35900.00000000 NS USD 841855.00000000 0.672632059838 Long EC CORP US N 1 N N N AMERESCO INC COM USD.0001 CL A 529900NZXZGBCBXYY327 02361E108 211800.00000000 NS USD 3825108.00000000 3.056215468391 Long EC CORP US N 1 N N N HIBBETT SPORTS INC COM USD.01 529900RD6P643J1CZM55 428567101 55600.00000000 NS USD 857908.00000000 0.685458214528 Long EC CORP US N 1 N N N KIMBALL ELECTRONICS INC COM USD NPV 549300COBYN2GZCBIU87 49428J109 98100.00000000 NS USD 1326312.00000000 1.059707399193 Long EC CORP US N 1 N N N AMERICAN NATIONAL BANKSHARES INC COM USD1 5493001AQ734BV16EM88 027745108 30504.00000000 NS USD 815982.00000000 0.651959842788 Long EC CORP US N 1 N N N Alpine Income Property Trust Inc REIT USD 0.01 N/A 02083X103 80200.00000000 NS USD 1038590.00000000 0.829820968013 Long EC CORP US N 1 N N N STERLING CONSTRUCTION CO COM USD.01 549300RZIK6K1215XU51 859241101 194451.00000000 NS USD 1921175.88000000 1.534996513028 Long EC CORP US N 1 N N N SIERRA WIRELESS INC ORD NPV 549300E33RZ5BJ726L53 826516106 78100.00000000 NS USD 732578.00000000 0.585321045942 Long EC CORP CA N 1 N N N ROCKY BRANDS INC COM USD NPV 5299004HQ6GCTW838N96 774515100 112720.00000000 NS USD 2417844.00000000 1.931828390978 Long EC CORP US N 1 N N N UNITED STATES LIME & MINERALS INC COM USD.1 549300VGDEEG8RT7VC89 911922102 9217.00000000 NS USD 738281.70000000 0.589878233914 Long EC CORP US N 1 N N N Orthofix Medical Inc COM USD.1 N/A 68752M108 2100.00000000 NS USD 74445.00000000 0.059480663171 Long EC CORP US N 1 N N N Kingstone Cos Inc COM USD 0.01 N/A 496719105 63200.00000000 NS USD 309680.00000000 0.247430610129 Long EC CORP US N 1 N N N RUTH'S HOSPITALITY GROUP INC COM USD.01 529900JQW9JP41OHOD14 783332109 99800.00000000 NS USD 1123249.00000000 0.897462494825 Long EC CORP US N 1 N N N HOOKER FURNITURE CORP COM USD NPV N/A 439038100 54900.00000000 NS USD 822951.00000000 0.657527990302 Long EC CORP US N 1 N N N CONSOLIDATED-TOMOKA LAND CO COM USD1 549300ZJHMRPKE71JO81 210226106 24000.00000000 NS USD 1008720.00000000 0.805955195847 Long EC CORP US N 1 N N N CONSOLIDATED WATER CO LTD ORD USD 0.6 5299001BMEW8X9VIJA73 G23773107 38900.00000000 NS USD 584278.00000000 0.466831122530 Long EC CORP KY N 1 N N N DUCOMMUN INC COM USD.01 549300Z71HMWF90S2214 264147109 41500.00000000 NS USD 1171960.00000000 0.936382000282 Long EC CORP US N 1 N N N GIBRALTAR INDUSTRIES INC COM NPV N/A 374689107 55596.00000000 NS USD 2574094.80000000 2.056670908342 Long EC CORP US N 1 N N N SHOE CARNIVAL INC COM USD.01 N/A 824889109 42500.00000000 NS USD 1003850.00000000 0.802064124188 Long EC CORP US N 1 N N N CROWN CRAFTS INC COM USD 0.01 N/A 228309100 105244.00000000 NS USD 523062.68000000 0.417920815191 Long EC CORP US N 1 N N N ARROW FINANCIAL CORP COM USD1 2549007Z8GI9ZZIQ1817 042744102 30400.00000000 NS USD 866400.00000000 0.692243220796 Long EC CORP US N 1 N N N SCHNITZER STEEL INDUSTRIES INC COM A USD1 549300F62TK8VRDSM285 806882106 63200.00000000 NS USD 983392.00000000 0.785718427268 Long EC CORP US N 1 N N N LAKELAND INDUSTRIES INC COM USD.01 549300HGP70IM9WKU164 511795106 14250.00000000 NS USD 194085.00000000 0.155071589921 Long EC CORP US N 1 N N N GEOSPACE TECHNOLOGIES CORP COM USD.01 N/A 37364X109 77500.00000000 NS USD 481275.00000000 0.384532959474 Long EC CORP US N 1 N N N CULP INC COM USD.05 549300BIJZDD8EVS1U89 230215105 70494.00000000 NS USD 501212.34000000 0.400462655291 Long EC CORP US N 1 N N N ORRSTOWN FINANCIAL SERVICES INC COM USD NPV 5493008IR3FINUFGVM95 687380105 61900.00000000 NS USD 953260.00000000 0.761643320240 Long EC CORP US N 1 N N N ARDMORE SHIPPING CORP ORD USD.01 549300J8HD7K6BHD8O28 Y0207T100 367904.00000000 NS USD 2420808.32000000 1.934196847146 Long EC CORP MH N 1 N N N INVACARE CORP COM USD.25 549300NNUTG7HCZICS76 461203101 208300.00000000 NS USD 1566416.00000000 1.251547618821 Long EC CORP US N 1 N N N ANIKA THERAPEUTICS INC COM USD.01 529900R9LS3Z0O6QH455 035255108 22300.00000000 NS USD 741029.00000000 0.592073293702 Long EC CORP US N 1 N N N WESBANCO INC COM USD1 N/A 950810101 42357.00000000 NS USD 1045370.76000000 0.835238714022 Long EC CORP US N 1 N N N 2020-05-30 Robert Kubilis Robert Kubilis Robert Kubilis Chief Financial Officer, Chief Accounting Officer and Treasurer