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Managed Fund Since 2019
Equity
FRDPX Franklin Rising Dividends Fund
- Diversification. We invest in companies across the entire market-cap spectrum, with a variety of industries and sectors.
- High-quality companies. A portfolio of select dividend growth companies that are financially sound, primarily US-based and generate consistent dividend increases.
- Tenured investment team. Actively managed by a seasoned portfolio management team that leverages the research resources of Franklin Equity Group and focused on dividend growth investing.
Popular Documents
Overview
Fund Facts
Fund description
The fund seeks long-term capital appreciation by investing at least 80% of its net assets in companies of any size that have paid consistently rising dividends.
- Benchmark
3 - Linked NASDAQ US Broad Dividend Achievers Index
- Additional Benchmark
- S&P 500 Index
- Fund Inception Date
- 01/14/1987
- Dividend Frequency, if any
- Quarterly
- Portfolio Turnover
- 11%
Identifiers
- Ticker
- FRDPX
- Fund Number
- 158
- CUSIP Code
- 353825102
Average Annual Total Returns As of 04/30/2026
Class A
- 12.01%1 Year
- 8.65%3 Years
- 6.94%5 Years
- 11.02%10 Years
- 9.59%Since Inception
01/14/1987
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Top Sectors
As of 05/31/2026 % of Total (Updated Monthly)
Financial Services12.38% | |
Semiconductors & Semiconductor Equipment12.16% | |
Capital Goods10.60% | |
Software & Services10.24% | |
Pharmaceuticals, Biotechnology & Life Sciences10.23% |
Additional Fund Info
- Share Class Inception Date
- 01/14/1987
- Investment Style
- Blend
- Lipper Classification
- Large-Cap Core Funds
- Morningstar Category
7 - Large Blend
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 broadly declined during the first quarter of 2026 as the escalating conflict in the Middle East weighed heavily on markets. Oil prices surged, renewing concerns about inflation and raising further uncertainty over the path of monetary policy. Many technology-focused stocks declined during the quarter, especially software names, as investors reassessed the durability of the artificial intelligence (AI) trade amid a rotation away from mega-capitalization technology stocks and toward more cyclical and defensive areas of the market. The energy sector advanced sharply, while materials and utilities also outperformed. Information technology, financials and consumer discretionary were among the largest declining sectors.
- Contributors: Consumer discretionary.
- Detractors: Health care and financials.
- Outlook: While macro uncertainty—including the path of interest rates, geopolitics and technological disruption—may contribute to bouts of volatility, we believe that well-managed businesses with the ability to grow free cash flow can remain well positioned to sustain and raise dividends over time.
Franklin Equity
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Managed Fund Since 2019
Latest Insights
June 4, 2026
June 1, 2026
May 18, 2026
April 16, 2026
Performance
Calendar Year Returns
As of 04/30/2026
Class A - With Sales Charge (POP) (%)
Class A - Without Sales Charge (NAV) (%)
Linked NASDAQ US Broad Dividend Achievers Index (%)
S&P 500 Index (%)
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 11
©2026 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of05/31/2026 (Updated Monthly)
- Total Net Assets
- $27.27 Billion
Positions
Portfolio Statistics
As of 05/31/2026 (Updated Monthly)
Price to Earnings (12-Month Trailing) 8
- Fund
- 29.10x
- Benchmark
- 26.40x
- Fund
- 18.70x
- Benchmark
- 17.14x
- Fund
- 5.83x
- Benchmark
- 4.99x
- Fund
- 1.46%
- Benchmark
- 1.83%
- Fund
- $824.97 Billion
- Benchmark
- $744.62 Billion
Asset Allocation
As of 05/31/2026 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Equity | 97.46% |
Cash & Cash Equivalents | 2.54% |
Holdings
As of 04/30/2026 (Updated Monthly)
Microsoft Corp COM USD0.001
Broadcom Inc COM USD 1
Apple Inc COM USD.00001
JPMorgan Chase & Co COM USD1
WALMART INC COM USD0.1
Visa Inc COM USD NPV CL A
Eli Lilly & Co COM NPV
Linde PLC ORD USD 1
Morgan Stanley COM USD.01
Analog Devices Inc COM USD.167
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distribution Frequency
- QuarterlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
04/17/2026
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Pricing History
As of 06/05/2026 (Updated Daily)
Daily Fund Prices and Breakpoints
As of 06/05/2026
Share Prices
As of 06/05/2026
POP and Sales Charge at Breakpoints
Less than $25,000
$25,000 - $49,999
$50,000 - $99,999
$100,000 - $249,999
$250,000 - $499,999
$500,000 - $749,999
$750,000 - $999,999
52-Week Range
- Highest NAV
As of 12/11/2025 - $100.48
- Lowest NAV
As of 03/30/2026 - $86.23
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Rising Dividends Fund | |||
| Portfolio Holdings - Franklin Rising Dividends Fund - 05-6-26 | |||
| Product Commentary - Franklin Rising Dividends Fund | |||
| Brochure - Franklin Rising Dividends Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin Rising Dividends Fund - Class A | |||
| Annual Financial Statements and Other Information - Franklin Rising Dividends Fund | |||
| Semi-Annual Report - Franklin Rising Dividends Fund - Class A | |||
| Semi-Annual Financial Statements and Other Information - Franklin Rising Dividends Fund | |||
| Prospectus - Franklin Rising Dividends Fund | |||
| Summary Prospectus - Franklin Rising Dividends Fund | |||
| Statement of Additional Information - Franklin Rising Dividends Fund | |||
| Fiscal Q1 Holdings - Franklin Rising Dividends Fund | |||
| Fiscal Q3 Holdings - Franklin Rising Dividends Fund |
Risks
All investments involve risks, including possible loss of principal. The investment style may become out of favor, which may have a negative impact on performance. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. Dividends may fluctuate and are not guaranteed, and a company may reduce or eliminate its dividend at any time. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
The Linked NASDAQ US Broad Dividend Achievers® Index reflects performance of the S&P 500 Index from the fund's inception through 12/05/2003 and NASDAQ US Broad Dividend Achievers® Index thereafter.
The NASDAQ US Broad Dividend Achievers® Index includes US companies with at least ten consecutive years of increasing annual dividend payments.
The S&P 500 Index features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization.
Source: © S&P Dow Jones Indices LLC. All rights reserved.