# EDGAR Filing Document

**Accession Number:** 0000038721
**File Stem:** 0002071691-25-006512
**Filing Date:** 2025-11
**Character Count:** 38876
**Document Hash:** a862d98a898e8a016030762d4eac17bf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-006512.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0002071691-25-006512

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin Custodian Funds
- **CENTRAL INDEX KEY:** 0000038721

**ORGANIZATION NAME:**
- **EIN:** 132573775
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00537
- **FILM NUMBER:** 251511898

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN CUSTODIAN FUNDS
- **DATE OF NAME CHANGE:** 20080128

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN CUSTODIAN FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### FRANKLIN GROWTH FUND (Series ID: S000006755)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018324 | Class A       | FKGRX           |
| C000018326 | Class C       | FRGSX           |
| C000018327 | Advisor Class | FCGAX           |
| C000018328 | Class R       | FGSRX           |
| C000128786 | Class R6      | FIFRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Franklin Custodian Funds

- **b. Investment Company Act file number:** 811-00537

- **c. CIK number of Registrant:** 0000038721

- **d. LEI of Registrant:** 549300PYEMTLTOE2MK86

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Franklin Growth Fund

- **b. EDGAR series identifier (if any):** S000006755

- **c. LEI of Series:** 549300HNBBCTK2YQED48

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $18426037398.06

**Total Liabilities:** $15838059.96

**Net Assets:** $18410199338.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018328 | 2.47%                | 0.98%                | 2.40%                |
| Class ID C000018324 | 2.49%                | 1.00%                | 2.42%                |
| Class ID C000018327 | 2.51%                | 1.02%                | 2.45%                |
| Class ID C000018326 | 2.43%                | 0.94%                | 2.35%                |
| Class ID C000128786 | 2.52%                | 1.03%                | 2.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $203591145.19            | $245712828.81                              |
| Month 2  | $210638170.95            | $-31581539.62                              |
| Month 3  | $71118556.95             | $363684566.35                              |

### Schedule of Portfolio Investments

| Name                                                     | Title                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Intercontinental Exchange, Inc.                          | Intercontinental Exchange, Inc.                          | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |   1290852 | NS      | $217482744.96  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp. plc                                          | Eaton Corp. plc                                          | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |    397899 | NS      | $148913700.75  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp.                                   | Monster Beverage Corp.                                   | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |   3073250 | NS      | $206860457.50  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.                                       | Lam Research Corp.                                       | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    272872 | NS      | $36537560.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                                          | BlackRock, Inc.                                          | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |    118345 | NS      | $137974885.15  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                           | Alphabet, Inc., Class A                                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1336903 | NS      | $325001119.30  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings, Inc.                               | Crowdstrike Holdings, Inc., Class A                      | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |    126882 | NS      | $62220395.16   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                                           | Amphenol Corp., Class A                                  | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |   4889349 | NS      | $605056938.75  | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK, Inc.                                             | AMETEK, Inc.                                             | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |    729774 | NS      | $137197512.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Canva Australia Holdings Pty. Ltd.                       | Canva Australia Holdings Pty. Ltd., Class B              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     25413 | NS      | $41833355.82   | 0.23%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NVIDIA Corp.                                             | NVIDIA Corp.                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   8341674 | NS      | $1556389534.92 | 8.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                         | Amazon.com, Inc.                                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   3631003 | NS      | $797259328.71  | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                                              | Xylem, Inc.                                              | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |   1157462 | NS      | $170725645.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp.                                   | Northrop Grumman Corp.                                   | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    518186 | NS      | $315741093.52  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                                     | Curtiss-Wright Corp.                                     | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |    271918 | NS      | $147635158.92  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                                          | Eli Lilly & Co.                                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    295396 | NS      | $225387148.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp.                                            | Danaher Corp.                                            | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |   1082572 | NS      | $214630724.72  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp.                                            | Stryker Corp.                                            | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    473124 | NS      | $174899749.08  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                           | Alphabet, Inc., Class C                                  | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1715655 | NS      | $417847775.25  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                             | Intuit, Inc.                                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |    357235 | NS      | $243959353.85  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Gusto, Inc.                                              | Gusto, Inc., Series E                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    822494 | NS      | $20615872.15   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Republic Services, Inc.                                  | Republic Services, Inc., Class A                         | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    589518 | NS      | $135282590.64  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International, Inc.                       | Mettler-Toledo International, Inc.                       | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |    142611 | NS      | $175070689.71  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                              | Apple, Inc.                                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   2189703 | NS      | $557564074.89  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.                          | Automatic Data Processing, Inc.                          | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |    100575 | NS      | $29518762.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                                     | NextEra Energy, Inc.                                     | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |   2442414 | NS      | $184377832.86  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius AG                                             | Sartorius AG                                             | CUSIP: N/A<br>LEI: 529900EQV2DY4FOAMU38       | Long             | EP               | CORP              | DE        |    453990 | NS      | $106132258.23  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Canva Australia Holdings Pty. Ltd.                       | Canva Australia Holdings Pty. Ltd., Series A-4           | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |         8 | NS      | $13169.12      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Uber Technologies, Inc.                                  | Uber Technologies, Inc.                                  | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    532783 | NS      | $52196750.51   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                    | Spotify Technology SA                                    | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |     25569 | NS      | $17847162.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                                         | Mastercard, Inc., Class A                                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    870040 | NS      | $494887452.40  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Checkout Payments Group Ltd.                             | Checkout Payments Group Ltd., Class B                    | CUSIP: N/A<br>LEI: 213800VZSCTVSAZUJO06       | Long             | EC               | CORP              | JE        |     96603 | NS      | $10571860.30   | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Johnson Controls International plc                       | Johnson Controls International plc                       | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |   1607840 | NS      | $176782008.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC, Inc.                                                | PTC, Inc.                                                | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |    873267 | NS      | $177290666.34  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                          | ASML Holding NV                                          | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |    396927 | NS      | $384261059.43  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies plc                                   | Trane Technologies plc                                   | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |    633992 | NS      | $267519264.32  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill, Inc.                             | Chipotle Mexican Grill, Inc., Class A                    | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2351190 | NS      | $92143136.10   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems, Inc.                                      | Veeva Systems, Inc., Class A                             | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |    299104 | NS      | $89106072.64   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk, Inc.                                           | Autodesk, Inc.                                           | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |    732557 | NS      | $232711382.19  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity plc                                      | TE Connectivity plc                                      | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |   1550762 | NS      | $340438781.86  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co.                                              | Deere & Co.                                              | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |    338199 | NS      | $154644874.74  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Stripe, Inc.                                             | Stripe, Inc., Series I                                   | CUSIP: N/A<br>LEI: 549300CLHGIPTCYHQ143       | Long             | EC               | CORP              | US        |   1759545 | NS      | $66166846.90   | 0.36%             |  |  |  | Yes           |                  3 | On Loan: No      |
| S&P Global, Inc.                                         | S&P Global, Inc.                                         | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    335022 | NS      | $163058557.62  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca plc                                          | AstraZeneca plc                                          | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   2016878 | NS      | $154734880.16  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                           | Broadcom, Inc.                                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |   1331721 | NS      | $439348075.11  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                      | Abbott Laboratories                                      | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    708704 | NS      | $94923813.76   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                     | Meta Platforms, Inc., Class A                            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    261965 | NS      | $192381856.70  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals, Inc.                         | Air Products and Chemicals, Inc.                         | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |    452811 | NS      | $123490615.92  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.                                   | Costco Wholesale Corp.                                   | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |    222442 | NS      | $205898988.46  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies, Inc.                                   | BWX Technologies, Inc.                                   | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |   1219996 | NS      | $224930662.52  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions, Inc.                                 | Motorola Solutions, Inc.                                 | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |    193997 | NS      | $88712888.13   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone, Inc.                                         | Blackstone, Inc.                                         | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |    938179 | NS      | $160287882.15  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                            | Netflix, Inc.                                            | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    166640 | NS      | $199788028.80  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Stripe, Inc.                                             | Stripe, Inc., Class B                                    | CUSIP: N/A<br>LEI: 549300CLHGIPTCYHQ143       | Long             | EC               | CORP              | US        |    540043 | NS      | $20308058.33   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Canva Australia Holdings Pty. Ltd.                       | Canva Australia Holdings Pty. Ltd., Series A-3           | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |        94 | NS      | $154737.16     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| OneTrust LLC                                             | OneTrust LLC, Series C                                   | CUSIP: N/A<br>LEI: 984500WD5532BB49FA33       | Long             | EC               | CORP              | US        |    849894 | NS      | $15117365.44   | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Plaid, Inc.                                              | Plaid, Inc., Class A                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     98050 | NS      | $18081417.76   | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Charles Schwab Corp. (The)                               | Charles Schwab Corp. (The)                               | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   2009772 | NS      | $191872932.84  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Anduril Industries, Inc.                                 | Anduril Industries, Inc., Series F                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1150134 | NS      | $53092600.72   | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Verisk Analytics, Inc.                                   | Verisk Analytics, Inc., Class A                          | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |    170338 | NS      | $42841710.38   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand, Inc.                                     | Ingersoll Rand, Inc.                                     | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |   2112151 | NS      | $174505915.62  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                                         | ServiceNow, Inc.                                         | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |    322998 | NS      | $297248599.44  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings plc                                         | ARM Holdings plc                                         | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |    340731 | NS      | $48210029.19   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies, Inc.                               | Agilent Technologies, Inc.                               | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    992630 | NS      | $127404060.50  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Figma, Inc.                                              | Figma, Inc., Class A                                     | CUSIP: 316841105<br>LEI: 254900273Q0J4Z65HU28 | Long             | EC               | CORP              | US        |     52718 | NS      | $2734482.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Amgen, Inc.                                              | Amgen, Inc.                                              | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |    322140 | NS      | $90907908.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                          | Microsoft Corp.                                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   2629009 | NS      | $1361695211.55 | 7.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Canva Australia Holdings Pty. Ltd.                       | Canva Australia Holdings Pty. Ltd., Series A-5           | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |         5 | NS      | $8230.70       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| MercadoLibre, Inc.                                       | MercadoLibre, Inc.                                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |     26863 | NS      | $62777219.22   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials, Inc.                          | Martin Marietta Materials, Inc.                          | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |    319608 | NS      | $201442530.24  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                                | RTX Corp.                                                | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |   1438537 | NS      | $240710396.21  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line, Inc.                          | Old Dominion Freight Line, Inc.                          | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |    366155 | NS      | $51547300.90   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab, Inc.                                             | Ecolab, Inc.                                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |    564838 | NS      | $154686534.68  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical, Inc.                                 | Intuitive Surgical, Inc.                                 | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    557252 | NS      | $249219811.96  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                             | AbbVie, Inc.                                             | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    416511 | NS      | $96438956.94   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                                      | Union Pacific Corp.                                      | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |   1035023 | NS      | $244648386.51  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify, Inc.                                            | Shopify, Inc., Class A                                   | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    393489 | NS      | $58476400.29   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                                   | Booking Holdings, Inc.                                   | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     26928 | NS      | $145391542.56  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets, Inc.                                   | Tradeweb Markets, Inc., Class A                          | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1079272 | NS      | $119777606.56  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies, Inc.                                 | Tyler Technologies, Inc.                                 | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |    137776 | NS      | $72078892.16   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                                 | UnitedHealth Group, Inc.                                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    313407 | NS      | $108219437.10  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                           | Thermo Fisher Scientific, Inc.                           | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    353954 | NS      | $171674769.08  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys, Inc.                                           | Synopsys, Inc.                                           | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |    545593 | NS      | $269190130.27  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                                               | Visa, Inc., Class A                                      | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    821641 | NS      | $280491804.58  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                                    | Parker-Hannifin Corp.                                    | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |    228437 | NS      | $173189511.55  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund | Franklin Institutional U.S. Government Money Market Fund | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |  63734911 | NS      | $63734910.56   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                             | Fastenal Co.                                             | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |   4980152 | NS      | $244226654.08  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTITUTIONAL FIDUCIARY TRUST                            | INSTITUTIONAL FIDUCIARY TRUST                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   2570000 | NS      | $2570000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Canva Australia Holdings Pty. Ltd.                       | Canva Australia Holdings Pty. Ltd., Series A             | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |      2353 | NS      | $3873367.42    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Texas Instruments, Inc.                                  | Texas Instruments, Inc.                                  | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    743946 | NS      | $136685198.58  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                                         | Salesforce, Inc.                                         | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    250559 | NS      | $59382483.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems, Inc.                           | Monolithic Power Systems, Inc.                           | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |    317004 | NS      | $291846562.56  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.                                 | Palo Alto Networks, Inc.                                 | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    437738 | NS      | $89132211.56   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.                        | Canadian Pacific Kansas City Ltd.                        | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1287372 | NS      | $95896340.28   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                                                | Linde plc                                                | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |    635420 | NS      | $301824500.00  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Franklin Custodian Funds

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer