Investment objective & strategy
As of Jan. 26, 2026 · prospectusObjective. Capital appreciation.
Strategy. Under normal market conditions, the Fund invests substantially in the equity securities of companies that are leaders in their industries. In selecting securities, the investment manager considers many factors, including historical and potential growth in revenues and earnings, assessment of strength and quality of management, and determination of a company's strategic positioning in its industry. Although the Fund normally invests substantially in the equity securities (principally common stocks) of U.S.-based large and medium market capitalization companies, it may invest in companies in new and emerging industries where growth is expected to be above average and may invest up to 25% of its assets in smaller companies. The Fund's investment manager is a research driven, fundamental investor, generally pursuing a "buy-and-hold" … Under normal market conditions, the Fund invests substantially in the equity securities of companies that are leaders in their industries. In selecting securities, the investment manager considers many factors, including historical and potential growth in revenues and earnings, assessment of strength and quality of management, and determination of a company's strategic positioning in its industry. Although the Fund normally invests substantially in the equity securities (principally common stocks) of U.S.-based large and medium market capitalization companies, it may invest in companies in new and emerging industries where growth is expected to be above average and may invest up to 25% of its assets in smaller companies. The Fund's investment manager is a research driven, fundamental investor, generally pursuing a "buy-and-hold" growth strategy. As a "bottom-up" investor focusing primarily on individual securities, the investment manager chooses companies that it believes are positioned for growth in revenues, earnings or assets. Such advantages as a particular marketing niche, proven technology, sound financial records, strong management, and industry leadership are all factors the investment manager believes point to strong growth potential. Although the investment manager searches for investments across a large number of sectors, from time to time, based on economic conditions, the Fund may have significant positions in particular sectors including information technology, industrials and health care.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $1.43B | 8.84% |
| MICROSOFT CORP | — | $954.70M | 5.92% |
| AMAZON.COM INC | — | $748.38M | 4.64% |
| APPLE INC | — | $549.96M | 3.41% |
| ALPHABET INC CL C | — | $487.05M | 3.02% |
| ALPHABET INC CL A | — | $470.95M | 2.92% |
| AMPHENOL CORPORATION CL A | — | $449.63M | 2.79% |
| BROADCOM INC | — | $438.50M | 2.72% |
| MASTERCARD INC CL A | — | $347.27M | 2.15% |
| ASML HOLDING-NY | — | $309.20M | 1.92% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Franklin Large Cap Growth VIP Fund | 52% | 0.82% |
| Franklin Growth Opportunities Fund · FGRAX, FKACX, FRAAX, FKARX, FOPPX | 51% | 0.57% |
| Bridge Builder Large Cap Growth Fund · BBGLX | 51% | 0.19% |
Advisers
| Firm | Role |
|---|---|
| Franklin Advisers, Inc. | Adviser |
Footnotes
- Expense ratio as of January 26, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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