# EDGAR Filing Document

**Accession Number:** 0000856119
**File Stem:** 0002071691-25-001638
**Filing Date:** 2025-9
**Character Count:** 29530
**Document Hash:** ddf790653fd0a4eabfc82432ace5a5b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001638.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0002071691-25-001638

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN VALUE INVESTORS TRUST
- **CENTRAL INDEX KEY:** 0000856119

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05878
- **FILM NUMBER:** 251333232

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN BALANCE SHEET INVESTMENT FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### FRANKLIN MUTUAL SMALL-MID CAP VALUE FUND (Series ID: S000007354)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000020197 | ADVISOR CLASS | FVRMX           |
| C000020198 | CLASS A       | FRMCX           |
| C000128826 | Class R6      | FMCVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Franklin Value Investors Trust

- **b. Investment Company Act file number:** 811-05878

- **c. CIK number of Registrant:** 0000856119

- **d. LEI of Registrant:** 549300RD0PTCJOMRSV24

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Franklin Mutual Small-Mid Cap Value Fund

- **b. EDGAR series identifier (if any):** S000007354

- **c. LEI of Series:** 5493006EVJKC1V25UM73

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $203658265.60

**Total Liabilities:** $346823.76

**Net Assets:** $203311441.84

**Cash Not Reported:** $111272.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000128826 | 5.24%                | 4.85%                | 2.05%                |
| Class ID C000020198 | 5.20%                | 4.86%                | 1.99%                |
| Class ID C000020197 | 5.20%                | 4.90%                | 1.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2872491.50             | $12177386.36                               |
| Month 2  | $2849937.93              | $6251259.37                                |
| Month 3  | $2612951.62              | $1382879.23                                |

### Schedule of Portfolio Investments

| Name                                                   | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Crocs, Inc.                                            | Crocs, Inc.                                            | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     13185 | NS      | $1314940.05   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.                               | SBA Communications Corp., Class A                      | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     13265 | NS      | $2980910.80   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                                    | Expand Energy Corp.                                    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     18814 | NS      | $1971330.92   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Missouri Bancorp, Inc.                        | Southern Missouri Bancorp, Inc.                        | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18441 | NS      | $997473.69    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock International Group plc                        | Babcock International Group plc                        | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |     66100 | NS      | $906252.94    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Mueller Water Products, Inc.                           | Mueller Water Products, Inc., Class A                  | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |     35261 | NS      | $873062.36    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                                       | McGrath RentCorp                                       | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |     32165 | NS      | $4013870.35   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp. (The)                                   | Middleby Corp. (The)                                   | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     17085 | NS      | $2480742.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO, Inc.                                              | RXO, Inc.                                              | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     93674 | NS      | $1447263.30   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings, Inc.             | Knight-Swift Transportation Holdings, Inc., Class A    | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57510 | NS      | $2444175.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                                   | Steel Dynamics, Inc.                                   | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     37250 | NS      | $4751610.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc                     | Johnson Controls International plc                     | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |     31039 | NS      | $3259095.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp.                                           | Bruker Corp.                                           | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |     40005 | NS      | $1537392.15   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings, Inc.                         | Victory Capital Holdings, Inc., Class A                | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     60881 | NS      | $4195309.71   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp.                                    | Regal Rexnord Corp.                                    | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     34783 | NS      | $5317625.04   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bank                                         | Northeast Bank                                         | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |     11779 | NS      | $1168123.43   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp.                                   | Dollar General Corp.                                   | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     24546 | NS      | $2574875.40   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings, Inc.                        | Lincoln Electric Holdings, Inc.                        | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      9614 | NS      | $2341009.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                                           | Mattel, Inc.                                           | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    218314 | NS      | $3713521.14   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries, Inc.                                   | UFP Industries, Inc.                                   | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |      9961 | NS      | $976178.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries, Inc.                                 | Chart Industries, Inc.                                 | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     21363 | NS      | $4247605.29   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First Business Financial Services, Inc.                | First Business Financial Services, Inc.                | CUSIP: 319390100<br>LEI: 549300BXKLW2T50TKU95 | Long             | EC               | CORP              | US        |     16330 | NS      | $777634.60    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap, Inc. (The)                                        | Gap, Inc. (The)                                        | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |    232321 | NS      | $4520966.66   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                              | CNO Financial Group, Inc.                              | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     78519 | NS      | $2892639.96   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                                | International Paper Co.                                | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     39763 | NS      | $1858522.62   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources, Inc.                               | Whitecap Resources, Inc.                               | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |    133492 | NS      | $1007741.28   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp.                                       | SouthState Corp.                                       | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     36825 | NS      | $3467810.25   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos., Inc. (The)                                | Cooper Cos., Inc. (The)                                | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     28189 | NS      | $1992680.41   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp.                                              | PPL Corp.                                              | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     92215 | NS      | $3291153.35   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun, Inc.                                         | Ducommun, Inc.                                         | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |     56791 | NS      | $5166845.18   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group, Inc. (The)                    | Hanover Insurance Group, Inc. (The)                    | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     22832 | NS      | $3918656.16   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay, Inc.                                           | Corpay, Inc.                                           | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      6209 | NS      | $2005817.45   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management, Inc.                         | Apollo Global Management, Inc.                         | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     20487 | NS      | $2977170.84   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp.                                          | Sanmina Corp.                                          | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     43620 | NS      | $5061664.80   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                                     | Henry Schein, Inc.                                     | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     42637 | NS      | $2884393.05   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Mohawk Industries, Inc.                                | Mohawk Industries, Inc.                                | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |     38676 | NS      | $4428788.76   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust, Inc.                        | Independence Realty Trust, Inc.                        | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     59332 | NS      | $994997.64    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings, Inc.                           | Zimmer Biomet Holdings, Inc.                           | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     43440 | NS      | $3981276.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Financial Corp.                                  | Arrow Financial Corp.                                  | CUSIP: 042744102<br>LEI: 2549007Z8GI9ZZIQ1817 | Long             | EC               | CORP              | US        |     37684 | NS      | $1009931.20   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS, Inc.                                              | MKS, Inc.                                              | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     40519 | NS      | $3856598.42   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co.                                  | Commercial Metals Co.                                  | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     94825 | NS      | $4917624.50   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd.                                              | Flex Ltd.                                              | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | SG        |     34949 | NS      | $1742906.63   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes, Inc.                                        | M/I Homes, Inc.                                        | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     12280 | NS      | $1475933.20   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                         | Wyndham Hotels & Resorts, Inc.                         | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     11670 | NS      | $1003620.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp.                                | WillScot Holdings Corp.                                | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    114927 | NS      | $3373107.45   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide, Inc.                                    | ACI Worldwide, Inc.                                    | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |    124803 | NS      | $5311615.68   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods, Inc.                            | Dick's Sporting Goods, Inc.                            | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     10546 | NS      | $2230584.46   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                                      | CNH Industrial NV                                      | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | NL        |    151641 | NS      | $1965267.36   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp. plc                             | Gates Industrial Corp. plc                             | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | GB        |    144776 | NS      | $3590444.80   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System, Inc.                          | Columbia Banking System, Inc.                          | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    144128 | NS      | $3430246.40   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group, Inc.                        | Selective Insurance Group, Inc.                        | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     17289 | NS      | $1348023.33   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations, Inc.                           | Hilton Grand Vacations, Inc.                           | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |     50870 | NS      | $2279993.40   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises, Inc.                             | Ferguson Enterprises, Inc.                             | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     21911 | NS      | $4893383.63   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp.                                      | Boyd Gaming Corp.                                      | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     24426 | NS      | $2073767.40   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co.                                       | Baker Hughes Co., Class A                              | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91832 | NS      | $4137031.60   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                                   | United Rentals, Inc.                                   | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      3331 | NS      | $2941073.14   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP, Inc.                                          | IDACORP, Inc.                                          | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     19904 | NS      | $2494568.32   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate BancSystem, Inc.                      | First Interstate BancSystem, Inc., Class A             | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |    120842 | NS      | $3479041.18   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings, Inc.                         | Bread Financial Holdings, Inc.                         | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     50168 | NS      | $3075298.40   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                                  | STAG Industrial, Inc.                                  | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     19922 | NS      | $683922.26    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Institutional Fiduciary Trust - Money Market Portfolio | Institutional Fiduciary Trust - Money Market Portfolio | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |   3995529 | NS      | $3995529.34   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works, Inc.                                | Bath & Body Works, Inc.                                | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     77503 | NS      | $2244486.88   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp.                        | Atlantic Union Bankshares Corp.                        | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96289 | NS      | $3052361.30   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy, Inc.                                   | Liberty Energy, Inc., Class A                          | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76471 | NS      | $943652.14    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp.                                           | Avient Corp.                                           | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |    115251 | NS      | $3638474.07   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group, Inc.                         | Citizens Financial Group, Inc.                         | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     95355 | NS      | $4550340.60   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.                           | Brixmor Property Group, Inc.                           | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     74059 | NS      | $1935161.67   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos.                                     | Piper Sandler Cos.                                     | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      5647 | NS      | $1780612.04   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp.                                 | Envista Holdings Corp.                                 | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |    283998 | NS      | $5364722.22   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                               | Valmont Industries, Inc.                               | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     15504 | NS      | $5642680.80   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| QinetiQ Group plc                                      | QinetiQ Group plc                                      | CUSIP: N/A<br>LEI: 213800S8OBDOZMCMUW34       | Long             | EC               | CORP              | GB        |    640170 | NS      | $4197017.30   | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-02

**Name of Applicant:** Franklin Value Investors Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer