Franklin Growth Opportunities Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Franklin Growth Opportunities Fund held 91 positions with $4.48B in net assets. Its ten largest holdings made up 49.5% of the fund. The FGRAX share class costs 0.89% a year. Over the 12 months to May 2026, FGRAX returned 19.4%, with dividends reinvested. In 2026 Q3 it added 9 new positions and exited 9.
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.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp. | 9.55% | $428.04M | 2.1M | $199.57 |
GOOGAlphabet, Inc. | 7.37% | $330.30M | 864.8K | $381.94 |
AAPLApple, Inc. | 7.20% | $322.52M | 1.2M | $271.35 |
AMZNAmazon.com, Inc. | 5.17% | $231.61M | 873.8K | $265.06 |
AVGOBroadcom, Inc. | 4.75% | $213.06M | 510.4K | $417.43 |
MSFTMicrosoft Corp. | 4.49% | $201.34M | 493.8K | $407.78 |
3.77% | $169.15M | 276.4K | $611.91 | |
INFXXFranklin Institutional U.S. Government Money Market Fund | 2.48% | $111.41M | — | — |
2.43% | $109.05M | 740.4K | $147.27 | |
2.25% | $100.67M | 107.7K | $934.60 |
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.
All 91 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 | 99.01% |
| Cash & short-term | 2.48% |
By sector
- Information Technology
- 45.1%
- Communication Services
- 10.8%
- Industrials
- 8.3%
- Other
- 7.8%
- 8 other sectors
- 28.0%
- Information Technology
- 45.1%
- Communication Services
- 10.8%
- Industrials
- 8.3%
- Other
- 7.8%
- Health Care
- 7.5%
- Consumer Discretionary
- 7.3%
- International
- 6.2%
- Consumer Staples
- 2.6%
- Financials
- 1.9%
- Utilities
- 1.0%
- Cash
- 0.7%
- Materials
- 0.6%
How it has done
FGRAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 16.74%. Past returns are a record, not a forecast.
Jun 2026 and Jul 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.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.89% | +19.37% | +77.42% | +49.59% | -13.09% | |
| 1.64% | +18.44% | +73.44% | +44.05% | -13.22% | |
| 0.64% | +19.65% | +78.73% | +51.45% | -13.06% | |
| 1.14% | +19.05% | +76.07% | +47.70% | -13.13% | |
| 0.57% | +19.74% | +79.12% | +52.05% | -13.05% |
These classes hold the same portfolio, so the 8.00pp spread over 5 years is the cost difference between them — roughly 1.60pp a year — not a difference in what they own.
Fees & fund details
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
- Expense ratio, by class
- 0.57% – 1.64%· FGRAX 0.89%
- Portfolio turnover
- 27.59% a year · as of 2025 Q3
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.
9 new· the largest 8
9 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — FGRAX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
- “For my target-date fund, what’s the real stock-and-bond mix once you look through it?”