Franklin Growth Fund

Franklin Custodian Funds · Series S000006755 · 5 share classes

Equity fund · 98% stocks
One fund, 5 share classes:FKGRXFRGSXFCGAXFGSRXFIFRX
$16.13B NAV
86 positions · as of 2026-03-31 · filed 2026-05-27
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q1

Capital appreciation.

Strategy · summarised

The fund pursues capital appreciation by selecting large and medium-cap U.S. equities that the manager believes are positioned for above-average growth, using bottom-up fundamental analysis of factors including revenue and earnings potential, management quality, and competitive positioning. The fund may invest up to 25% of assets in smaller companies and may concentrate significantly in sectors such as information technology, industrials, and health care based on economic conditions. Because security selection depends on the manager's assessments of individual companies, fund performance will diverge from broad market returns.

Expenses
0.46% 1.53%across 5 share classes
Share classExpense ratio
FKGRX0.78%
FRGSX1.53%
FCGAX0.52%
FGSRX1.03%
FIFRX0.46%

Portfolio turnover 8.28% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

100.08%
of net assets
Stocks98.18%
Cash & short-term1.90%

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 4 new10 exited

New: AstraZeneca plc, nVent Electric plc, SNOW, OpenAI Foundation

Largest exited: AstraZeneca plc, NOW, PTC, BX, Eaton Corp. plc, CRM, TYL, UBER

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA Corp.NVDA8.84%$1.43B
Microsoft Corp.MSFT5.92%$954.70M
Amazon.com, Inc.AMZN4.64%$748.38M
Apple, Inc.AAPL3.41%$549.96M
Alphabet, Inc.GOOG3.02%$487.05M
Alphabet, Inc.GOOGL2.92%$470.95M
Amphenol Corp.APH2.79%$449.63M
Broadcom, Inc.AVGO2.72%$438.50M
Mastercard, Inc.MA2.15%$347.27M
ASML Holding NV1.92%$309.20M
Showing 10 of 86Sign in to see more

Top 10 positions are 38.32% of net assets, top 25 61.92%, across 80 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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