Franklin Templeton announced today that it will close the Franklin MicroCap Value Fund to new investors when the fund’s total net assets reach $300 million. As of November 30, the fund’s total net assets were $258 million, the firm said.

The maximum market cap of securities that Franklin MicroCap Value Fund can purchase is $300 million, which limits the universe of companies that qualify as investment opportunities for the fund, the company said.

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