Franklin Growth Fund

Franklin Custodian Funds · Series S000006755 · 5 share classes

Equity fund · 98% stocks
One fund, 5 share classes:FKGRXFRGSXFCGAXFGSRXFIFRX
$17.43B NAV
85 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 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 Q2

100.06%
of net assets
Stocks97.52%
Cash & short-term2.54%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 7 new8 exited

New: ETR, ORLY, NTRA, Anthropic PBC, SPCX, CBRS, Anduril Industries, Inc.

Exited: ADSK, IR, MTD, INTU, BKNG, ODFL, TE Connectivity plc, MELI

Return profile

Chart:

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

Share class1-year3-year5-yearVolWorst fall
+25.96%+65.14%+52.84%14.37%-9.52%
+25.01%+61.46%+47.22%14.37%-9.70%
+26.26%+66.36%+54.75%14.37%-9.47%
+25.64%+63.90%+50.96%14.36%-9.58%
+26.36%+66.74%+55.37%14.38%-9.45%

These classes hold the same portfolio, so the 8.15pp 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.NVDA8.53%$1.49B
Microsoft Corp.MSFT5.27%$919.15M
Amazon.com, Inc.AMZN4.91%$856.43M
Apple, Inc.AAPL3.60%$627.04M
Alphabet, Inc.GOOG3.44%$599.90M
Alphabet, Inc.GOOGL3.36%$585.28M
Amphenol Corp.APH3.30%$575.79M
Broadcom, Inc.AVGO3.30%$574.99M
Franklin Institutional U.S. Government Money Market FundINFXX2.54%$442.12M
Eli Lilly & Co.LLY2.01%$350.63M
Showing 10 of 85Sign 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 40.26% of net assets, top 25 63.81%, across 78 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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