Franklin Dynatech Fund
Actively managed U.S. stock fund
Capital appreciation.
The fund invests in equity securities of companies the manager identifies as innovation leaders with superior management and competitive advantages across sectors, using fundamental bottom-up research to target sustainable earnings growth; it may concentrate holdings in fewer issuers than diversified funds and can hold up to 15% in foreign securities. Because the fund may at times hold a smaller number of issuers and higher percentages in individual companies due to market fluctuations, performance depends on the success of those concentrated positions.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp. | 11.26% | $3.40B | 17.0M | $200.09 |
AMZNAmazon.com, Inc. | 7.89% | $2.38B | 10.0M | $238.34 |
GOOGLAlphabet, Inc. | 7.10% | $2.14B | 6.0M | $357.37 |
AVGOBroadcom, Inc. | 5.00% | $1.51B | 4.0M | $377.75 |
MSFTMicrosoft Corp. | 4.32% | $1.31B | 3.5M | $373.02 |
AAPLApple, Inc. | 4.12% | $1.24B | 4.3M | $289.36 |
3.73% | $1.13B | 2.0M | $563.29 | |
SNDKSandisk Corp. | 3.39% | $1.02B | 450.0K | $2,273.73 |
TSMTaiwan Semiconductor Manufacturing Co. Ltd. | 3.16% | $955.14M | 2.0M | $477.57 |
3.01% | $909.99M | 2.1M | $433.33 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 110 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.74% |
| Cash & short-term | 0.49% |
By sector
- Information Technology
- 50.9%
- Communication Services
- 11.4%
- Consumer Discretionary
- 11.4%
- International
- 9.9%
- 6 other sectors
- 16.4%
- Information Technology
- 50.9%
- Communication Services
- 11.4%
- Consumer Discretionary
- 11.4%
- International
- 9.9%
- Health Care
- 6.6%
- Industrials
- 6.0%
- Financials
- 2.6%
- Energy
- 0.8%
- Cash
- 0.5%
- Utilities
- 0.0%
How it has done
FKDNX share class · total returns with dividends reinvested
Volatility over the last 12 months: 23.86%. Past returns are a record, not a forecast.
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.77% | +35.80% | +102.05% | +49.94% | -15.60% | |
| 1.52% | +34.79% | +97.55% | +44.41% | -15.86% | |
| 0.52% | +36.15% | +103.56% | +51.82% | -15.51% | |
| 1.02% | +35.47% | +100.54% | +48.09% | -15.69% | |
| 0.44% | +36.26% | +104.09% | +52.57% | -15.49% |
These classes hold the same portfolio, so the 8.16pp spread over 5 years is the cost difference between them — roughly 1.63pp a year — not a difference in what they own.
Fees & fund details
Franklin Dynatech Fund is an actively managed U.S. equity fund. 48% of FKDNX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 87% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.44% – 1.52%· FKDNX 0.77%
- Portfolio turnover
- 29.61% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
21 new· the largest 8
9 exited· the largest 8
Understand how this fund fits with the rest.
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