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FGRAX

Franklin Growth Opportunities Fund

As of 12/09/2025

NAV 1

$53.06

$0.12 (0.23%)
 

POP 2

$56.15

 
 

YTD Total Return At NAV 3

9.22%

 

Overview

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.

Strategy Statement

"We seek to invest in high quality, leading growth companies in the United States to create a diversified, multi-cap, multi-industry fund."

Grant Bowers

Strategy & Benefits

Strategy

We use fundamental, bottom-up research to find innovative, fast-growing companies that meet our criteria of:

  • Growth. We focus on companies with the potential to produce sustainable earnings and cash-flow growth.
  • Quality. We seek high-quality companies with strong management teams and financial strength.
  • Valuation. We assess whether the growth opportunity is already reflected in the stock price.
Benefits
  • 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.

Investment Philosophy, Strategy and Approach

Investment Philosophy

The Franklin Equity Group philosophy holds that companies with the potential for long-term sustainable growth can provide significant opportunities for investors. Market participants can have a short-term perspective and may under appreciate the potential for value created by sustainable growth. We believe that we have the potential to deliver superior risk-adjusted returns by identifying companies with potential for sustainable growth which we believe is not reflected in current prices.

Investment Process

Within a collaborative environment, our team utilizes fundamental, bottom-up research to focus on companies that we believe have sustainable growth characteristics—meeting our criteria of Growth, Quality and Valuation.

Our analysis includes an assessment of any material Environmental, Social and Governance (ESG) factors on the long-term risk and return profile of a company.

Growth

  • Focus on companies with potential to produce sustainable earnings and cash flow growth
  • Evaluate the long-term market opportunity and competitive structure of the industry seeking to identify target leaders and emerging leaders

Quality

  • Seek companies with strong and improving competitive positions in attractive markets
  • Identify experienced and talented management teams as well as financial strength reflected in the capital structure, gross and operating margins, free cash flow generation, and returns on capital

Valuation

  • Consider a range of potential outcomes based on an assessment of multiple scenarios
  • Evaluate whether, in our view, security prices fully reflect the balance of the sustainable growth opportunities relative to the business and financial risks
Fund Information
Asset Class 
Equity
Share Class Inception Date 
06/23/1999
Fund Inception Date 
06/23/1999
Benchmark 
Russell 3000 Growth Index
Additional Benchmark 
S&P 500 Index
Investment Style 
Growth
Lipper Classification 
Multi-Cap Growth Funds
Morningstar Category4 
Large Growth
Dividend Frequency, if any 
Annually
Total Net Assets  As of 11/30/2025 (Updated Monthly)
$4.64 Billion
Portfolio Turnover 
28%
Sales Charges, Expenses & Fees
As of 09/01/2025
Gross Expense Ratio5 
0.89%
Net Expense Ratio56 
0.89%
Maximum Initial Charge 
5.50%
CDSC7 
1.00%
12b-1 Fee 
0.25%
Identifiers
Ticker 
FGRAX
Fund Number 
462
CUSIP Code 
354713687

Portfolio Managers

Grant Bowers

California, United States

Managed Fund Since 2007

Sara Araghi, CFA®

California, United States

Managed Fund Since 2016

Anthony J. Hardy, CFA®

California, United States

Managed Fund Since 2024

Performance

Portfolio

Portfolio Holdings

Distributions & Tax

Distribution Schedules

Dividend Frequency, if any This fund is an ex-Dividend fund
Annually
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

Current Year Distributions Per Share
Distributions with future dates are estimates and those figures are not final
Record Date  
12/19/2025
Ex-Dividend Date  
12/22/2025
Reinvestment Date  
12/22/2025
Payable Date  
12/22/2025
Reinvestment Amount  
Long-Term Capital Gains  
$8.6110-$9.4720 Estimates
Short-Term Capital Gains  
$0.0000-$0.0000 Estimates
Income  
Total Distribution Per Share  
Estimates

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 Chart

As of 12/09/2025 Updated Daily

Daily Fund Prices and Breakpoints

As of 12/09/2025

Share Prices

As of 12/09/2025
NAV1 (Net Asset Value)
$53.06
NAV Change1 
$0.12
NAV Change (%)1 
0.23%
POP2 (Public Offering Price)
$56.15

52-Week Range

Highest NAV  As on 12/11/2024
$56.39
Lowest NAV  As on 04/08/2025
$39.35
POP and Sales Charge at Breakpoints

Investment

Sales Charge

POP

Less than $25,000 5.50%$56.15
$25,000 - $49,999 5.25%$56.00
$50,000 - $99,999 4.50%$55.56
$100,000 - $249,999 3.50%$54.98
$250,000 - $499,999 2.50%$54.42
$500,000 - $749,999 2.00%$54.14
$750,000 - $999,999 1.50%$53.87
POP and Sales Charge at Breakpoints
Investment  
Less than $25,000
Sales Charge  
5.50%
POP  
$56.15
Investment  
$25,000 - $49,999
Sales Charge  
5.25%
POP  
$56.00
Investment  
$50,000 - $99,999
Sales Charge  
4.50%
POP  
$55.56
Investment  
$100,000 - $249,999
Sales Charge  
3.50%
POP  
$54.98
Investment  
$250,000 - $499,999
Sales Charge  
2.50%
POP  
$54.42
Investment  
$500,000 - $749,999
Sales Charge  
2.00%
POP  
$54.14
Investment  
$750,000 - $999,999
Sales Charge  
1.50%
POP  
$53.87

Documents

Product Literature

PDF Format

Factsheet - Franklin Growth Opportunities Fund

Regulatory Documents

PDF Format

Semi-Annual Report - Franklin Growth Opportunities Fund - Class A

PDF Format

Annual Report - Franklin Growth Opportunities Fund Class A

PDF Format

Prospectus - Franklin Strategic Series 1

PDF Format

Summary Prospectus - Franklin Growth Opportunities Fund

PDF Format

Statement of Additional Information - Franklin Strategic Series 1

Mailed hardcopies unavailable.

PDF Format

Fiscal Q1 Holdings - Franklin Strategic Series

Mailed hardcopies unavailable.

PDF Format

Fiscal Q3 Holdings - Franklin Strategic Series

Mailed hardcopies unavailable.

Risks

What Are the 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. 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.

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