# EDGAR Filing Document

**Accession Number:** 0000038721
**File Stem:** 0001752724-25-203502
**Filing Date:** 2025-8
**Character Count:** 37776
**Document Hash:** 8756d0ee6d7a23cb312df8c0bf9ce19c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203502.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203502

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**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:** 251253197

**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:** 2025-06-30

**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:** $17956328325.46

**Total Liabilities:** $15617470.81

**Net Assets:** $17940710854.65

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018328 | 0.88%                | 7.38%                | 4.82%                |
| Class ID C000018324 | 0.90%                | 7.41%                | 4.84%                |
| Class ID C000018327 | 0.93%                | 7.42%                | 4.86%                |
| Class ID C000018326 | 0.84%                | 7.33%                | 4.77%                |
| Class ID C000128786 | 0.93%                | 7.43%                | 4.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $115554750.84            | $26045880.86                               |
| Month 2  | $238524864.65            | $958211656.82                              |
| Month 3  | $163314537.41            | $664266233.62                              |

### 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        |   1297519 | NS      | $238055810.93  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp. plc                                        | Eaton Corp. plc                                        | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |    399955 | NS      | $142779935.45  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp.                                 | Monster Beverage Corp.                                 | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |   3089123 | NS      | $193502664.72  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.                                     | Lam Research Corp.                                     | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    274282 | NS      | $26698609.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                                        | BlackRock, Inc.                                        | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |    118955 | NS      | $124813533.75  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                         | Alphabet, Inc., Class A                                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1343809 | NS      | $236819460.07  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings, Inc.                             | Crowdstrike Holdings, Inc., Class A                    | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |    127537 | NS      | $64955869.47   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                                         | Amphenol Corp., Class A                                | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |   4914601 | NS      | $485316848.75  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK, Inc.                                           | AMETEK, Inc.                                           | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |    733544 | NS      | $132742122.24  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Canva, Inc.                                            | Canva, Inc., Class B                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     25413 | NS      | $35621614.91   | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NVIDIA Corp.                                           | NVIDIA Corp.                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   8466156 | NS      | $1337567986.44 | 7.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                       | Amazon.com, Inc.                                       | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   3683358 | NS      | $808091911.62  | 4.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                                            | Xylem, Inc.                                            | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |   1049859 | NS      | $135809760.24  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp.                                 | Northrop Grumman Corp.                                 | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    540587 | NS      | $270282688.26  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                                   | Curtiss-Wright Corp.                                   | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |    273322 | NS      | $133531463.10  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                                        | Eli Lilly & Co.                                        | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    370620 | NS      | $288909408.60  | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp.                                          | Danaher Corp.                                          | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |   1088164 | NS      | $214955916.56  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp.                                          | Stryker Corp.                                          | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    475568 | NS      | $188148967.84  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                         | Alphabet, Inc., Class C                                | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   2027217 | NS      | $359608023.63  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                           | Intuit, Inc.                                           | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |    415915 | NS      | $327587131.45  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Gusto, Inc.                                            | Gusto, Inc., Series E                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    822494 | NS      | $22809710.40   | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Republic Services, Inc.                                | Republic Services, Inc., Class A                       | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |    592563 | NS      | $146131961.43  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International, Inc.                     | Mettler-Toledo International, Inc.                     | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |    143347 | NS      | $168392587.84  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                            | Apple, Inc.                                            | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   2286313 | NS      | $469082838.21  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.                        | Automatic Data Processing, Inc.                        | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |    101095 | NS      | $31177698.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                                   | NextEra Energy, Inc.                                   | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |   2455029 | NS      | $170428113.18  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Sartorius AG                                           | Sartorius AG                                           | CUSIP: N/A<br>LEI: 529900EQV2DY4FOAMU38       | Long             | EP               | CORP              | DE        |    456335 | NS      | $116227529.76  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Canva, Inc.                                            | Canva, Inc., Series A-4                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |         8 | NS      | $11213.67      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Uber Technologies, Inc.                                | Uber Technologies, Inc.                                | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    535535 | NS      | $49965415.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                                       | Mastercard, Inc., Class A                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    896433 | NS      | $503741560.02  | 2.81%             |  |  |  | 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      | $11474006.16   | 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        |   1422000 | NS      | $150191640.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC, Inc.                                              | PTC, Inc.                                              | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |    936078 | NS      | $161323682.52  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                        | ASML Holding NV                                        | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |    398976 | NS      | $319735376.64  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies plc                                 | Trane Technologies plc                                 | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |    666372 | NS      | $291477776.52  | 1.62%             |  |  |  | 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        |   2363334 | NS      | $132701204.10  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems, Inc.                                    | Veeva Systems, Inc., Class A                           | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |    300650 | NS      | $86581187.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk, Inc.                                         | Autodesk, Inc.                                         | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |    736342 | NS      | $227949392.94  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity plc                                    | TE Connectivity plc                                    | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |   1558772 | NS      | $262918073.24  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co.                                            | Deere & Co.                                            | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |    339947 | NS      | $172859650.03  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbnb, Inc.                                           | Airbnb, Inc., Class A                                  | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |    557103 | NS      | $73727011.02   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Stripe, Inc.                                           | Stripe, Inc., Series I                                 | CUSIP: N/A<br>LEI: 549300CLHGIPTCYHQ143       | Long             | EC               | CORP              | US        |   1759545 | NS      | $63343620.00   | 0.35%             |  |  |  | Yes           |                  3 | On Loan: No      |
| S&P Global, Inc.                                       | S&P Global, Inc.                                       | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    336752 | NS      | $177565962.08  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca plc                                        | AstraZeneca plc                                        | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   2027295 | NS      | $141667374.60  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                         | Broadcom, Inc.                                         | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |   1269700 | NS      | $349992805.00  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                    | Abbott Laboratories                                    | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    712365 | NS      | $96888763.65   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                   | Meta Platforms, Inc., Class A                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    233900 | NS      | $172639251.00  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals, Inc.                       | Air Products and Chemicals, Inc.                       | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |    455151 | NS      | $128379891.06  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.                                 | Costco Wholesale Corp.                                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |    243490 | NS      | $241040490.60  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies, Inc.                                 | BWX Technologies, Inc.                                 | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |   1291198 | NS      | $186009983.88  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone, Inc.                                       | Blackstone, Inc.                                       | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |    943026 | NS      | $141057829.08  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                          | Netflix, Inc.                                          | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    167500 | NS      | $224304275.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Stripe, Inc.                                           | Stripe, Inc., Class B                                  | CUSIP: N/A<br>LEI: 549300CLHGIPTCYHQ143       | Long             | EC               | CORP              | US        |    540043 | NS      | $19441548.00   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Canva, Inc.                                            | Canva, Inc., Series A-3                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |        94 | NS      | $131760.59     | 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      | $13359714.96   | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Plaid, Inc.                                            | Plaid, Inc., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     98050 | NS      | $18973790.71   | 0.11%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Charles Schwab Corp. (The)                             | Charles Schwab Corp. (The)                             | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   2020153 | NS      | $184318759.72  | 1.03%             |  |  |  | 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      | $47020698.30   | 0.26%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Verisk Analytics, Inc.                                 | Verisk Analytics, Inc., Class A                        | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |    171219 | NS      | $53334718.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand, Inc.                                   | Ingersoll Rand, Inc.                                   | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |   1902461 | NS      | $158246705.98  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                                       | ServiceNow, Inc.                                       | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |    414166 | NS      | $425795781.28  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings plc                                       | ARM Holdings plc                                       | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |    342492 | NS      | $55394656.08   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Agilent Technologies, Inc.                             | Agilent Technologies, Inc.                             | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    997758 | NS      | $117745421.58  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen, Inc.                                            | Amgen, Inc.                                            | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |    553786 | NS      | $154622589.06  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                        | Microsoft Corp.                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   2642586 | NS      | $1314448702.26 | 7.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                                         | Prologis, Inc.                                         | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    807858 | NS      | $84922032.96   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Canva, Inc.                                            | Canva, Inc., Series A-5                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |         5 | NS      | $7008.54       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Martin Marietta Materials, Inc.                        | Martin Marietta Materials, Inc.                        | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |    321258 | NS      | $176357791.68  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                              | RTX Corp.                                              | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |   1445967 | NS      | $211140101.34  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line, Inc.                        | Old Dominion Freight Line, Inc.                        | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |    368047 | NS      | $59734028.10   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab, Inc.                                           | Ecolab, Inc.                                           | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |    567756 | NS      | $152976176.64  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical, Inc.                               | Intuitive Surgical, Inc.                               | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    589930 | NS      | $320573861.30  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                           | AbbVie, Inc.                                           | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    418663 | NS      | $77712226.06   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                                    | Union Pacific Corp.                                    | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |   1259692 | NS      | $289829935.36  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify, Inc.                                          | Shopify, Inc., Class A                                 | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |    395523 | NS      | $45623578.05   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                                 | Booking Holdings, Inc.                                 | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     27067 | NS      | $156697359.08  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets, Inc.                                 | Tradeweb Markets, Inc., Class A                        | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1084847 | NS      | $158821600.80  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies, Inc.                               | Tyler Technologies, Inc.                               | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |    138488 | NS      | $82101225.92   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                               | UnitedHealth Group, Inc.                               | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    315027 | NS      | $98278973.19   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                         | Thermo Fisher Scientific, Inc.                         | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    355783 | NS      | $144255775.18  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys, Inc.                                         | Synopsys, Inc.                                         | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |    516110 | NS      | $264599274.80  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                                             | Visa, Inc., Class A                                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    825886 | NS      | $293230824.30  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                                  | Parker-Hannifin Corp.                                  | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |    229615 | NS      | $160379189.05  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Institutional Fiduciary Trust - Money Market Portfolio | Institutional Fiduciary Trust - Money Market Portfolio | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        | 128484542 | NS      | $128484542.23  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                           | Fastenal Co.                                           | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |   5005874 | NS      | $210246708.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTITUTIONAL FIDUCIARY TRUST                          | INSTITUTIONAL FIDUCIARY TRUST                          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1780000 | NS      | $1780000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Canva, Inc.                                            | Canva, Inc., Series A                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |      2353 | NS      | $3298219.80    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Texas Instruments, Inc.                                | Texas Instruments, Inc.                                | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    747789 | NS      | $155255952.18  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                                       | Salesforce, Inc.                                       | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    513173 | NS      | $139937145.37  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems, Inc.                         | Monolithic Power Systems, Inc.                         | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |    332640 | NS      | $243286243.20  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.                               | Palo Alto Networks, Inc.                               | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |    440000 | NS      | $90041600.00   | 0.50%             |  |  |  | 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        |   1294021 | NS      | $102577044.67  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                                              | Linde plc                                              | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |    638703 | NS      | $299666673.54  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Franklin Custodian Funds

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer