Franklin Growth Opportunities Fund
Franklin Strategic Series · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Franklin Growth Opportunities Fund is an actively managed U.S. equity fund. 37% of FGRAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 88% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2025 Q3
Capital appreciation.
The fund uses fundamental bottom-up research to select equity securities of companies with accelerating growth, increasing profitability, or above-average growth potential relative to the broader economy, with a focus on sustainable earnings and cash flow growth and attractive valuation. Holdings typically include a mix of large-cap and smaller or midsize companies, with potential concentration in sectors such as information technology, healthcare, and consumer discretionary. The fund may also make private investments in non-publicly traded companies through private placements. Because the fund's returns depend on the manager's selection of individual securities, performance will diverge from the overall market.
| Share class | Expense ratio |
|---|---|
| FGRAX | 0.89% |
| FKACX | 1.64% |
| FRAAX | 0.64% |
| FKARX | 1.14% |
| FOPPX | 0.57% |
Portfolio turnover 27.59% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.01% |
| Cash & short-term | 2.48% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 42.8% |
| Communication Services | 13.0% |
| Industrials | 8.9% |
| Consumer Discretionary | 8.6% |
| 8 smaller | 26.7% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +20.74% | +73.84% | +37.81% | 17.20% | -13.09% | |
| +19.82% | +69.95% | +32.72% | 17.22% | -13.22% | |
| +21.03% | +75.09% | +39.54% | 17.22% | -13.06% | |
| +20.42% | +72.52% | +36.07% | 17.19% | -13.13% | |
| +21.11% | +75.51% | +40.09% | 17.22% | -13.05% |
These classes hold the same portfolio, so the 7.36pp spread over 5 years is the cost difference between them — roughly 1.47pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA Corp.NVDA | 9.55% | $199.57 | $428.04M | 2.1M |
| GOOG | Alphabet, Inc.GOOG | 7.37% | $381.94 | $330.30M | 864.8K |
| AAPL | Apple, Inc.AAPL | 7.20% | $271.35 | $322.52M | 1.2M |
| AMZN | Amazon.com, Inc.AMZN | 5.17% | $265.06 | $231.61M | 873.8K |
| AVGO | Broadcom, Inc.AVGO | 4.75% | $417.43 | $213.06M | 510.4K |
| MSFT | Microsoft Corp.MSFT | 4.49% | $407.78 | $201.34M | 493.8K |
| META | Meta Platforms, Inc.META | 3.77% | $611.91 | $169.15M | 276.4K |
| INFXX | Franklin Institutional U.S. Government Money Market FundINFXX | 2.48% | — | $111.41M | — |
| APH | Amphenol Corp.APH | 2.43% | $147.27 | $109.05M | 740.4K |
| LLY | Eli Lilly & Co.LLY | 2.25% | $934.60 | $100.67M | 107.7K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 49.46% of net assets, top 25 72.13%, across 82 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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