# EDGAR Filing Document

**Accession Number:** 0000038721
**File Stem:** 0001752724-25-203476
**Filing Date:** 2025-8
**Character Count:** 21085
**Document Hash:** 03e6532bf7dbdd817fdbcb8e9a1ea33b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203476.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203476

**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:** 251253171

**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 UTILITIES FUND (Series ID: S000006758)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018340 | Class A1      | FKUTX           |
| C000018342 | Class C       | FRUSX           |
| C000018343 | Advisor Class | FRUAX           |
| C000018344 | Class R       | FRURX           |
| C000128789 | Class R6      | FUFRX           |
| C000199721 | Class A       | FKUQX           |

## 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 Utilities Fund

- **b. EDGAR series identifier (if any):** S000006758

- **c. LEI of Series:** 5493004WS5Z50HMQS896

**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:** $6851658545.25

**Total Liabilities:** $5083451.86

**Net Assets:** $6846575093.39

**Cash Not Reported:** $13830703.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000199721 | 0.47%                | 2.73%                | 0.61%                |
| Class ID C000018343 | 0.51%                | 2.74%                | 0.62%                |
| Class ID C000018344 | 0.47%                | 2.66%                | 0.59%                |
| Class ID C000128789 | 0.51%                | 2.74%                | 0.63%                |
| Class ID C000018340 | 0.51%                | 2.69%                | 0.63%                |
| Class ID C000018342 | 0.48%                | 2.67%                | 0.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3673372.31              | $21303210.01                               |
| Month 2  | $22843016.84             | $132760468.15                              |
| Month 3  | $34802223.25             | $-8831481.02                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OGE Energy Corp.                                       | OGE Energy Corp.                                       | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |   1600000 | NS      | $71008000.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp.                                             | PG&E Corp.                                             | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |  15800000 | NS      | $220252000.00 | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Drax Group plc                                         | Drax Group plc                                         | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |  12500000 | NS      | $119135484.65 | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy, Inc.                                   | NextEra Energy, Inc.                                   | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |   8300000 | NS      | $576186000.00 | 8.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy, Inc.                                  | Cheniere Energy, Inc.                                  | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    250000 | NS      | $60880000.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                   | Edison International                                   | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |   2850000 | NS      | $147060000.00 | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                         | DTE Energy Co.                                         | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |   1300000 | NS      | $172198000.00 | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corp.                                     | Talen Energy Corp.                                     | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $58154000.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos., Inc. (The)                              | Williams Cos., Inc. (The)                              | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   1200000 | NS      | $75372000.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group, Inc.                        | Northwestern Energy Group, Inc.                        | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |   1300000 | NS      | $66690000.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                                     | Southern Co. (The)                                     | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |   4000000 | NS      | $367320000.00 | 5.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                      | Eversource Energy                                      | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |   1000000 | NS      | $63620000.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries, Inc.                     | Hawaiian Electric Industries, Inc.                     | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |   2702702 | NS      | $28729722.26  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy, Inc.                                      | Xcel Energy, Inc.                                      | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |   1900000 | NS      | $129390000.00 | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| United Utilities Group plc                             | United Utilities Group plc                             | CUSIP: N/A<br>LEI: 2138002IEYQAOC88ZJ59       | Long             | EC               | CORP              | GB        |   3000000 | NS      | $47108295.03  | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group, Inc.                  | Public Service Enterprise Group, Inc.                  | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |   2000000 | NS      | $168360000.00 | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp.                                              | PPL Corp.                                              | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |   7000000 | NS      | $237230000.00 | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                                      | FirstEnergy Corp.                                      | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |   3200000 | NS      | $128832000.00 | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource, Inc.                                         | NiSource, Inc.                                         | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |   6200000 | NS      | $250108000.00 | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                             | Constellation Energy Corp.                             | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |    540000 | NS      | $174290400.00 | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid plc                                      | National Grid plc                                      | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |   7458333 | NS      | $109478357.10 | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Exelon Corp.                                           | Exelon Corp.                                           | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |   5100000 | NS      | $221442000.00 | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy, Inc.                                      | TXNM Energy, Inc.                                      | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |   1500000 | NS      | $84480000.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co., Inc.                      | American Electric Power Co., Inc.                      | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |    600000 | NS      | $62256000.00  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                                | E.ON SE                                                | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |   5000000 | NS      | $92128196.52  | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Vistra Corp.                                           | Vistra Corp.                                           | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |   2200000 | NS      | $426382000.00 | 6.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                                           | Ameren Corp.                                           | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |   2119148 | NS      | $203522973.92 | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp.                                       | CMS Energy Corp.                                       | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |   1500000 | NS      | $103920000.00 | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire, Inc.                                            | Spire, Inc.                                            | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |    650000 | NS      | $47443500.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy, Inc.                                  | Clearway Energy, Inc., Class C                         | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |   1400000 | NS      | $44800000.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                           | Evergy, Inc.                                           | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |   4150000 | NS      | $286059500.00 | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                            | Pinnacle West Capital Corp.                            | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |    850000 | NS      | $76049500.00  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp.                                   | Alliant Energy Corp.                                   | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |   3500000 | NS      | $211645000.00 | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group, Inc.                                 | WEC Energy Group, Inc.                                 | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    850000 | NS      | $88570000.00  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra, Inc.                                           | Sempra, Inc.                                           | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |   3650000 | NS      | $276560500.00 | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                                      | Duke Energy Corp.                                      | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |   2550000 | NS      | $300900000.00 | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities, Inc.                              | Essential Utilities, Inc.                              | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |   1050000 | NS      | $38997000.00  | 0.57%             |  |  |  | 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        |   2770964 | NS      | $2770964.39   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                                          | ONE Gas, Inc.                                          | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |    700000 | NS      | $50302000.00  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream, Inc.                                     | DT Midstream, Inc.                                     | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    750000 | NS      | $82432500.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                                  | Targa Resources Corp.                                  | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    400000 | NS      | $69632000.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                                  | Dominion Energy, Inc.                                  | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |   1800000 | NS      | $101736000.00 | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp.                                          | Entergy Corp.                                          | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |   4350000 | NS      | $361572000.00 | 5.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp. (The)                                        | AES Corp. (The)                                        | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |   1300000 | NS      | $13676000.00  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                                       | NRG Energy, Inc.                                       | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    800000 | NS      | $128464000.00 | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy, Inc.                               | CenterPoint Energy, Inc.                               | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |   4800000 | NS      | $176352000.00 | 2.58%             |  |  |  | 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