Franklin Dynatech Fund

Franklin Custodian Funds · Series S000006754 · 5 share classes

Equity fund · 100% stocks
One fund, 5 share classes:FKDNXFDYNXFDYZXFDNRXFDTRX
$30.20B NAV
110 positions · as of 2026-06-30 · filed 2026-08-27
data updated 2026-09-08

Fund profile

As filed in the prospectus · 2026 Q1

Capital appreciation.

Strategy · summarised

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.

Expenses
0.44% 1.52%across 5 share classes
Share classExpense ratio
FKDNX0.77%
FDYNX1.52%
FDYZX0.52%
FDNRX1.02%
FDTRX0.44%

Portfolio turnover 29.61% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.22%
of net assets
Stocks99.74%
Cash & short-term0.49%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 21 new9 exited

Largest new: Ascendis Pharma A/S, SK Square Co. Ltd., Canadian Dollar, SNOW, Seagate Technology Holdings plc, SPCX, Samsung Electro-Mechanics Co. Ltd., Murata Manufacturing Co. Ltd.

Largest exited: Ascendis Pharma A/S, IDXX, UBER, SYM, INTU, Samsung Biologics Co. Ltd., MDLN, ARQT

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+35.80%+102.05%+49.94%23.86%-15.60%
+34.79%+97.55%+44.41%23.84%-15.86%
+36.15%+103.56%+51.82%23.87%-15.51%
+35.47%+100.54%+48.09%23.86%-15.69%
+36.26%+104.09%+52.57%23.88%-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.

Cumulative return· Jul 2023 – Apr 2026

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.

Holdings

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

Issuer%NAVValue
NVIDIA Corp.NVDA11.26%$3.40B
Amazon.com, Inc.AMZN7.89%$2.38B
Alphabet, Inc.GOOGL7.10%$2.14B
Broadcom, Inc.AVGO5.00%$1.51B
Microsoft Corp.MSFT4.32%$1.31B
Apple, Inc.AAPL4.12%$1.24B
Meta Platforms, Inc.META3.73%$1.13B
Sandisk Corp.SNDK3.39%$1.02B
Taiwan Semiconductor Manufacturing Co. Ltd.TSM3.16%$955.14M
Lam Research Corp.LRCX3.01%$909.99M
Showing 10 of 110Sign in to see more

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.

Top 10 positions are 52.99% of net assets, top 25 76.47%, across 110 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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