Franklin Growth Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Franklin Growth Fund held 85 positions with $17.43B in net assets. Its ten largest holdings made up 40.3% of the fund. The FKGRX share class costs 0.78% a year. Over the 12 months to May 2026, FKGRX returned 20.7%, with dividends reinvested. In 2026 Q2 it added 7 new positions and exited 8.
Capital appreciation.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp. | 8.53% | $1.49B | 7.4M | $200.09 |
MSFTMicrosoft Corp. | 5.27% | $919.15M | 2.5M | $373.02 |
AMZNAmazon.com, Inc. | 4.91% | $856.43M | 3.6M | $238.34 |
AAPLApple, Inc. | 3.60% | $627.04M | 2.2M | $289.36 |
GOOGAlphabet, Inc. | 3.44% | $599.90M | 1.7M | $353.33 |
GOOGLAlphabet, Inc. | 3.36% | $585.28M | 1.6M | $357.37 |
3.30% | $575.79M | 3.3M | $176.32 | |
AVGOBroadcom, Inc. | 3.30% | $574.99M | 1.5M | $377.75 |
INFXXFranklin Institutional U.S. Government Money Market Fund | 2.54% | $442.12M | — | — |
2.01% | $350.63M | 292.3K | $1,199.43 |
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 85 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 | 97.52% |
| Cash & short-term | 2.54% |
By sector
- Information Technology
- 34.0%
- International
- 11.9%
- Industrials
- 11.5%
- Communication Services
- 9.6%
- 8 other sectors
- 33.0%
- Information Technology
- 34.0%
- International
- 11.9%
- Industrials
- 11.5%
- Communication Services
- 9.6%
- Health Care
- 8.6%
- Financials
- 7.5%
- Consumer Discretionary
- 6.1%
- Consumer Staples
- 2.5%
- Cash
- 2.5%
- Utilities
- 2.0%
- Other
- 1.8%
- Materials
- 1.8%
How it has done
FKGRX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.19%. Past returns are a record, not a forecast.
Jun 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.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.78% | +20.73% | +66.95% | +58.72% | -9.52% | |
| 1.53% | +19.82% | +63.24% | +52.90% | -9.70% | |
| 0.52% | +21.03% | +68.20% | +60.73% | -9.47% | |
| 1.03% | +20.43% | +65.71% | +56.78% | -9.58% | |
| 0.46% | +21.12% | +68.56% | +61.35% | -9.45% |
These classes hold the same portfolio, so the 8.46pp spread over 5 years is the cost difference between them — roughly 1.69pp a year — not a difference in what they own.
Fees & fund details
Franklin Growth Fund is an actively managed U.S. equity fund. 28% of FKGRX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 86% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.46% – 1.53%· FKGRX 0.78%
- Portfolio turnover
- 8.28% 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.
7 new
8 exited
Understand how this fund fits with the rest.
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