Franklin Rising Dividends Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Franklin Rising Dividends Fund held 56 positions with $27.36B in net assets. Its ten largest holdings made up 37.9% of the fund. The FRDAX share class costs 0.58% a year. Over the 12 months to May 2026, FRDAX returned 16.0%, with dividends reinvested. In 2026 Q2 it added 3 new positions and exited 5.
Long-term capital appreciation. Preservation of capital, while not a goal, is also an important consideration.
The fund invests at least 65% of assets in equity securities of companies that have increased dividends in at least 8 of the last 10 years without decreasing them, doubled dividends over the decade, retain more than 35% of earnings, and carry manageable debt levels. The manager applies fundamental analysis and valuation screening to identify securities trading below intrinsic value, with the remainder of the 80% dividend-paying allocation in companies meeting less stringent criteria. Because performance depends on the manager's security selection and valuation judgments, results may diverge materially from broad market returns.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
MSFTMicrosoft Corp. | 5.49% | $1.50B | 4.0M | $373.02 |
AVGOBroadcom, Inc. | 4.75% | $1.30B | 3.4M | $377.75 |
4.16% | $1.14B | 949.0K | $1,199.43 | |
AAPLApple, Inc. | 4.11% | $1.13B | 3.9M | $289.36 |
3.89% | $1.07B | 3.3M | $327.33 | |
3.29% | $898.90M | 2.6M | $343.09 | |
Linde plc | 3.22% | $882.20M | 1.7M | $518.94 |
3.22% | $880.98M | 1.2M | $723.00 | |
3.04% | $833.03M | 7.4M | $113.26 | |
2.69% | $734.76M | 1.9M | $397.17 |
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 56 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 | 96.87% |
| Cash & short-term | 1.58% |
By sector
- Information Technology
- 25.4%
- Health Care
- 16.8%
- Financials
- 16.4%
- Industrials
- 10.1%
- 7 other sectors
- 31.4%
- Information Technology
- 25.4%
- Health Care
- 16.8%
- Financials
- 16.4%
- Industrials
- 10.1%
- Consumer Staples
- 7.9%
- International
- 6.7%
- Consumer Discretionary
- 6.0%
- Utilities
- 3.7%
- Energy
- 3.5%
- Materials
- 2.0%
- Cash
- 1.6%
How it has done
FRDAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.19%. 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 |
|---|---|---|---|---|---|
| 0.58% | +15.96% | +44.75% | +50.89% | -7.64% | |
| 0.83% | +15.67% | +43.66% | +49.01% | -7.70% | |
| 1.58% | +14.80% | +40.46% | +43.50% | -7.87% | |
| 1.08% | +15.37% | +42.58% | +47.15% | -7.76% | |
| 0.52% | +16.04% | +45.02% | +51.39% | -7.62% |
These classes hold the same portfolio, so the 7.89pp spread over 5 years is the cost difference between them — roughly 1.58pp a year — not a difference in what they own.
Fees & fund details
Franklin Rising Dividends Fund is an actively managed U.S. equity fund. 11% of FRDAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 93% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.52% – 1.58%· FRDAX 0.58%
- Portfolio turnover
- 11.20% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
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.
3 new
5 exited
Understand how this fund fits with the rest.
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