Franklin Utilities Fund
Franklin Custodian Funds · 6 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Franklin Utilities Fund is an actively managed U.S. equity fund. 0% of FKUTX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 95% 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 · 2026 Q1
Capital appreciation and current income.
The fund invests at least 80% of its net assets in equity securities of public utilities companies, focusing on those with high earnings from regulated operations and emphasizing U.S. electricity and natural gas providers. The fund is concentrated in the utilities industry, holding more than 25% of total assets in that sector. Because the fund's returns depend on the selection and performance of individual utility securities chosen by the manager, performance will diverge from the broader market.
| Share class | Gross | Net |
|---|---|---|
| FKUTX | 0.70% | 0.70% |
| FRUSX | 1.20% | 1.20% |
| FRUAX | 0.55% | 0.55% |
| FRURX | 1.05% | 1.05% |
| FUFRX | 0.51% | 0.50% |
| FKUQX | 0.80% | 0.80% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 10.80% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 99.60% |
| Cash & short-term | 0.24% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Utilities | 91.5% |
| International | 4.9% |
| Energy | 3.2% |
| Cash | 0.2% |
| Other | 0.2% |
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
New: Form Energy, Inc.
Exited: Pound Sterling
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 |
|---|---|---|---|---|---|
| +23.40% | +56.89% | +75.01% | 12.85% | -12.07% | |
| +22.76% | +54.54% | +70.63% | 12.84% | -12.24% | |
| +23.61% | +57.61% | +76.31% | 12.83% | -12.02% | |
| +22.99% | +55.27% | +72.01% | 12.87% | -12.20% | |
| +23.68% | +57.92% | +76.93% | 12.87% | -11.97% | |
| +23.34% | +56.45% | +74.17% | 12.84% | -12.12% |
These classes hold the same portfolio, so the 6.30pp spread over 5 years is the cost difference between them — roughly 1.26pp a year — not a difference in what they own.
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
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NEE | NextEra Energy, Inc.NEE | 9.41% | $87.77 | $719.71M | 8.2M |
| ETR | Entergy Corp.ETR | 6.42% | $114.86 | $491.26M | 4.3M |
| SO | Southern Co. (The)SO | 5.01% | $95.71 | $382.84M | 4.0M |
| SRE | Sempra, Inc.SRE | 4.82% | $92.71 | $368.79M | 4.0M |
| EVRG | Evergy, Inc.EVRG | 4.69% | $86.43 | $358.68M | 4.2M |
| DUK | Duke Energy Corp.DUK | 4.22% | $126.58 | $322.78M | 2.5M |
| VST | Vistra Corp.VST | 3.94% | $158.63 | $301.40M | 1.9M |
| NI | NiSource, Inc.NI | 3.51% | $47.55 | $268.66M | 5.7M |
| LNT | Alliant Energy Corp.LNT | 3.49% | $76.29 | $267.01M | 3.5M |
| PCG | PG&E Corp.PCG | 3.48% | $16.82 | $265.76M | 15.8M |
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 49.00% of net assets, top 25 84.15%, across 43 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.
Sign in free