# EDGAR Filing Document

**Accession Number:** 0000856119
**File Stem:** 0002071691-25-001643
**Filing Date:** 2025-9
**Character Count:** 33362
**Document Hash:** 1de18d28371f816e635d7670b2fecf32
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-001643.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0002071691-25-001643

**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:** 251333237

**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 SMALL CAP VALUE FUND (Series ID: S000007356)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000020203 | CLASS A       | FRVLX           |
| C000020205 | CLASS C       | FRVFX           |
| C000020206 | CLASS R       | FVFRX           |
| C000020207 | ADVISOR CLASS | FVADX           |
| C000128827 | Class R6      | FRCSX           |

## 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 Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000007356

- **c. LEI of Series:** 5493008L8BP00V1G7510

**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:** $3783589157.01

**Total Liabilities:** $3553052.95

**Net Assets:** $3780036104.06

**Cash Not Reported:** $418.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020207 | 5.80%                | 4.64%                | 1.88%                |
| Class ID C000020203 | 5.76%                | 4.63%                | 1.85%                |
| Class ID C000020205 | 5.72%                | 4.55%                | 1.79%                |
| Class ID C000020206 | 5.77%                | 4.59%                | 1.84%                |
| Class ID C000128827 | 5.82%                | 4.65%                | 1.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-35887824.24            | $230156586.47                              |
| Month 2  | $12780287.05             | $150681422.73                              |
| Month 3  | $30989769.82             | $40432878.08                               |

### 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        |    252009 | NS      | $25132857.57  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp.                                | Louisiana-Pacific Corp.                                | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |    164387 | NS      | $14862228.67  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                                       | TriCo Bancshares                                       | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1067509 | NS      | $43895970.08  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp.                                   | Meritage Homes Corp.                                   | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |    332830 | NS      | $22412772.20  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Rosebank Industries plc                                | Rosebank Industries plc                                | CUSIP: N/A<br>LEI: 2138005KFPHBAEW69F51       | Long             | EC               | CORP              | JE        |   7285678 | NS      | $31752041.13  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden National Corp.                                  | Camden National Corp.                                  | CUSIP: 133034108<br>LEI: 549300ZVEDL2L8UW4F28 | Long             | EC               | CORP              | US        |    978520 | NS      | $36899989.20  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC plc                                         | TechnipFMC plc                                         | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |     83768 | NS      | $3046642.16   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hunting plc                                            | Hunting plc                                            | CUSIP: N/A<br>LEI: 2138008S5FL78ITZRN66       | Long             | EC               | CORP              | GB        |   6093536 | NS      | $25349399.19  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock International Group plc                        | Babcock International Group plc                        | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |   1669706 | NS      | $22892223.59  | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Mueller Water Products, Inc.                           | Mueller Water Products, Inc., Class A                  | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |   1968637 | NS      | $48743452.12  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                                       | McGrath RentCorp                                       | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |    618598 | NS      | $77194844.42  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp. (The)                                   | Middleby Corp. (The)                                   | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |    327887 | NS      | $47609192.40  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp.                             | Taylor Morrison Home Corp., Class A                    | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |    547310 | NS      | $32444536.80  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO, Inc.                                              | RXO, Inc.                                              | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |   1253069 | NS      | $19359916.05  | 0.51%             |  |  |  | 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        |    938724 | NS      | $39895770.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp.                                           | Bruker Corp.                                           | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |    746696 | NS      | $28695527.28  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy, Inc.                                         | La-Z-Boy, Inc.                                         | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |    227877 | NS      | $8196735.69   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings, Inc.                         | Victory Capital Holdings, Inc., Class A                | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |   1106306 | NS      | $76235546.46  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp.                                    | Regal Rexnord Corp.                                    | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |    507816 | NS      | $77634910.08  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp.                                              | HNI Corp.                                              | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |    522278 | NS      | $26865980.32  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland, Inc.                                          | Ashland, Inc.                                          | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     53030 | NS      | $2734226.80   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp.                            | Horace Mann Educators Corp.                            | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |   2192713 | NS      | $93256083.89  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                                           | Mattel, Inc.                                           | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |   4841791 | NS      | $82358864.91  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp.                                        | Brunswick Corp.                                        | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |    428859 | NS      | $24998191.11  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries, Inc.                                   | UFP Industries, Inc.                                   | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |    341319 | NS      | $33449262.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries, Inc.                                 | Chart Industries, Inc.                                 | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |    404157 | NS      | $80358536.31  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp.                     | First Commonwealth Financial Corp.                     | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |   2414952 | NS      | $39870857.52  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corp.                                  | Ryerson Holding Corp.                                  | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |   1777173 | NS      | $36609763.80  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp. of Florida                      | Seacoast Banking Corp. of Florida                      | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |   1520162 | NS      | $42853366.78  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap, Inc. (The)                                        | Gap, Inc. (The)                                        | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |   2687822 | NS      | $52305016.12  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                              | CNO Financial Group, Inc.                              | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |   2563667 | NS      | $94445492.28  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp.                                | American Woodmark Corp.                                | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |    188052 | NS      | $9893415.72   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp                                          | First Bancorp                                          | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1334420 | NS      | $66841097.80  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources, Inc.                               | Whitecap Resources, Inc.                               | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |   2548075 | NS      | $19235612.37  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp.                                       | SouthState Corp.                                       | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |    952992 | NS      | $89743256.64  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp.                                      | Black Hills Corp.                                      | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    549172 | NS      | $31731158.16  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin, Inc.                              | Alexander & Baldwin, Inc.                              | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1532566 | NS      | $27555536.68  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities, Inc.                              | Century Communities, Inc.                              | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |    180382 | NS      | $10153702.78  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group, Inc. (The)                    | Hanover Insurance Group, Inc. (The)                    | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |    427946 | NS      | $73448371.98  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp.                                          | Sanmina Corp.                                          | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |    820065 | NS      | $95160342.60  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Senior plc                                             | Senior plc                                             | CUSIP: N/A<br>LEI: 5493002HQHWN5JQHKQ51       | Long             | EC               | CORP              | GB        |  28282051 | NS      | $75448395.07  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp.                                   | WSFS Financial Corp.                                   | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |   1477286 | NS      | $81014364.24  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Elementis plc                                          | Elementis plc                                          | CUSIP: N/A<br>LEI: 549300LQIH685LI2ML36       | Long             | EC               | CORP              | GB        |  39868704 | NS      | $91229765.18  | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Independence Realty Trust, Inc.                        | Independence Realty Trust, Inc.                        | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    924572 | NS      | $15505072.44  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS, Inc.                                              | MKS, Inc.                                              | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |    376885 | NS      | $35871914.30  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp.                                          | Vontier Corp.                                          | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |   1486276 | NS      | $61635865.72  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co.                                  | Commercial Metals Co.                                  | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |   1899528 | NS      | $98509522.08  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes, Inc.                                        | M/I Homes, Inc.                                        | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |    196167 | NS      | $23577311.73  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                         | Wyndham Hotels & Resorts, Inc.                         | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |    221381 | NS      | $19038766.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp, Inc.                          | German American Bancorp, Inc.                          | CUSIP: 373865104<br>LEI: 5493002JDOI3GTNVUD76 | Long             | EC               | CORP              | US        |   1151789 | NS      | $44251733.38  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr. Martens plc                                        | Dr. Martens plc                                        | CUSIP: N/A<br>LEI: 213800QPT8YM6NQZPH28       | Long             | EC               | CORP              | GB        |  24100052 | NS      | $25732722.66  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp.                                | WillScot Holdings Corp.                                | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |   3059866 | NS      | $89807067.10  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide, Inc.                                    | ACI Worldwide, Inc.                                    | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |   2495571 | NS      | $106211501.76 | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Trust Bancorp, Inc.                         | Washington Trust Bancorp, Inc.                         | CUSIP: 940610108<br>LEI: J66MZFCNJPP3PERHZW54 | Long             | EC               | CORP              | US        |    330137 | NS      | $8893890.78   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                                | Kite Realty Group Trust                                | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1197135 | NS      | $26313027.30  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp. plc                             | Gates Industrial Corp. plc                             | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | GB        |   3308001 | NS      | $82038424.80  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System, Inc.                          | Columbia Banking System, Inc.                          | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3604137 | NS      | $85778460.60  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics, Inc.                            | Benchmark Electronics, Inc.                            | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |   1463337 | NS      | $56338474.50  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group, Inc.                        | Selective Insurance Group, Inc.                        | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |    327226 | NS      | $25513811.22  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations, Inc.                           | Hilton Grand Vacations, Inc.                           | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |   1349738 | NS      | $60495257.16  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp.                                          | Knowles Corp.                                          | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |   2520878 | NS      | $51199032.18  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp.                                      | Boyd Gaming Corp.                                      | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |    676495 | NS      | $57434425.50  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Peoples Bancorp, Inc.                                  | Peoples Bancorp, Inc.                                  | CUSIP: 709789101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    642528 | NS      | $18402001.92  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP, Inc.                                          | IDACORP, Inc.                                          | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |    164266 | NS      | $20587457.78  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate BancSystem, Inc.                      | First Interstate BancSystem, Inc., Class A             | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |   2720918 | NS      | $78335229.22  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings, Inc.                         | Bread Financial Holdings, Inc.                         | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |    989670 | NS      | $60666771.00  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                                  | STAG Industrial, Inc.                                  | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    399200 | NS      | $13704536.00  | 0.36%             |  |  |  | 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        | 103505805 | NS      | $103505805.00 | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies, Inc.                                 | TTM Technologies, Inc.                                 | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |    610413 | NS      | $28842014.25  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works, Inc.                                | Bath & Body Works, Inc.                                | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    970332 | NS      | $28100814.72  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp.                        | Atlantic Union Bankshares Corp.                        | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1962377 | NS      | $62207350.90  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy, Inc.                                   | Liberty Energy, Inc., Class A                          | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1459657 | NS      | $18012167.38  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions, Inc.                           | Select Water Solutions, Inc., Class A                  | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |   1612198 | NS      | $15525466.74  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BRP, Inc.                                              | BRP, Inc.                                              | CUSIP: 05577W200<br>LEI: 529900EPQGESIRCPY551 | Long             | EC               | CORP              | CA        |    111466 | NS      | $5636047.89   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp.                                           | Avient Corp.                                           | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |   2115482 | NS      | $66785766.74  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| TWFG, Inc.                                             | TWFG, Inc., Class A                                    | CUSIP: 87318A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6521 | NS      | $201303.27    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos.                                     | Piper Sandler Cos.                                     | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     67975 | NS      | $21433877.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp.                                 | Envista Holdings Corp.                                 | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |   4954505 | NS      | $93590599.45  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                               | Valmont Industries, Inc.                               | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |    305627 | NS      | $111232946.65 | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| QinetiQ Group plc                                      | QinetiQ Group plc                                      | CUSIP: N/A<br>LEI: 213800S8OBDOZMCMUW34       | Long             | EC               | CORP              | GB        |  14676279 | NS      | $96219124.32  | 2.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Melrose Industries plc                                 | Melrose Industries plc                                 | CUSIP: N/A<br>LEI: 213800RGNXXZY2M7TR85       | Long             | EC               | CORP              | GB        |   6776822 | NS      | $45754621.94  | 1.21%             |  |  |  | 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