Equity
FKARX Franklin Growth Opportunities Fund
- Tenured and experienced portfolio management team.
- Distinct research structure. Investment professionals organized into collaborative sector teams.
- Multi-cap strategy leads to a broadly diversified portfolio of fast-growing businesses.
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NAV
$40.68
As of 05/08/2026
YTD Total Returns At NAV
5.85%
As of 05/08/2026
Total Net Assets
$4.48B
As of 04/30/2026 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks capital appreciation by investing predominantly in equity securities of companies demonstrating accelerating growth, increasing profitability, or above average growth or growth potential as compared with the overall economy.
- Benchmark
- Russell 3000 Growth Index
- Additional Benchmark
- S&P 500 Index
- Fund Inception Date
- 06/23/1999
- Dividend Frequency, if any
- Annually
- Portfolio Turnover
- 28%
Sales Charges, Expenses & Fees
- Gross Expense Ratio
- 1.14%
- Net Expense Ratio
- 1.14%
- Maximum Initial Charge
- —
- CDSC
- N/A
- 12b-1 Fee
- 0.50%
Identifiers
- Ticker
- FKARX
- Fund Number
- 862
- CUSIP Code
- 354713513
Top Sectors
As of 04/30/2026 % of Total (Updated Monthly)
Semiconductors & Semiconductor Equipment24.21% | |
Media & Entertainment13.22% | |
Technology Hardware & Equipment13.19% | |
Capital Goods11.08% | |
Software & Services10.65% |
Additional Fund Info
- Share Class Inception Date
- 01/02/2002
- Investment Style
- Growth
- Lipper Classification
- Multi-Cap Growth Funds
- Morningstar Category
- Large Growth
Manager and Commentary
About the Team
Franklin Equity understands innovation from every angle—our decades of experience investing in complex change fuels a differentiated perspective on how public and private companies accelerate growth and unlock value. Leveraging fundamental depth and quantitative precision, we identify catalysts for transformation that reshape companies and industries. Our expertise, spanning from growth to value, brings together diverse perspectives that help us spot opportunities ahead of the market.
Commentary Highlights
March 31, 2026- Markets: US equities endured a difficult first quarter of 2026 as investors reassessed the durability of the AI trade and geopolitical risk intensified. Technology-focused shares came under pressure as rising AI-related capital expenditure spurred a rotation away from mega-capitalization growth toward value stocks. At its two meetings during the quarter, the US Federal Reserve left its benchmark interest rate on hold. March brought further strain as the Middle East conflict disrupted energy markets, lifting oil prices and adding to inflation risk. The Nasdaq Composite Index underperformed the S&P 500 Index, while the Dow Jones Industrial Average proved more resilient. By investment style, value investing surpassed growth across market-cap tiers, with small- and mid-cap stocks performing better than their large-cap counterparts.
- Contributors: Stock selection and allocation effects benefited the fund’s relative returns. Relative returns were helped most by stock selection and an underweight in the information technology (IT) sector and stock selection and an overweight in the industrials sector.
- Detractors: Stock selection in the consumer discretionary and communication services sectors weighed most on relative performance.
- Outlook: While headline risks continue to influence market sentiment, we think the bigger story for investors is technological innovations, particularly in AI. Advances in AI and related technologies are transforming industries and, in our view, are creating growth potential for long-term investors. Innovative companies in sectors across the economy are harnessing AI in their efforts to expand profit margins and drive revenue growth. We are seeing this in industries that deliver health care, manage logistics and more.