# EDGAR Filing Document

**Accession Number:** 0000038721
**File Stem:** 0002071691-26-003978
**Filing Date:** 2026-2
**Character Count:** 20496
**Document Hash:** 1e50855d8fc139dcabbd5477c2f7bf95
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-003978.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0002071691-26-003978

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260930

**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:** 26675133

**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:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $7105923776.25

**Total Liabilities:** $4840165.68

**Net Assets:** $7101083610.57

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018340 | 1.12%                | 2.49%                | -4.61%               |
| Class ID C000018342 | 1.09%                | 2.43%                | -4.66%               |
| Class ID C000018343 | 1.15%                | 2.50%                | -4.59%               |
| Class ID C000018344 | 1.09%                | 2.47%                | -4.65%               |
| Class ID C000128789 | 1.15%                | 2.50%                | -4.61%               |
| Class ID C000199721 | 1.12%                | 2.49%                | -4.63%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $42192457.46             | $35915609.34                               |
| Month 2  | $52322173.21             | $107464667.79                              |
| Month 3  | $20165753.84             | $-381629474.36                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alliant Energy Corp.                                     | Alliant Energy Corp.                                     | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |   3500000 | NS      | $227535000.00 | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                                             | Ameren Corp.                                             | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |   2200000 | NS      | $219692000.00 | 3.09%             |  |  |  | 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      | $69186000.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE plc                                                  | SSE plc                                                  | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |   1000000 | NS      | $29317915.56  | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Black Hills Corp.                                        | Black Hills Corp.                                        | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    300000 | NS      | $20826000.00  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp.                                         | CMS Energy Corp.                                         | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |   1700000 | NS      | $118881000.00 | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy, Inc.                                 | CenterPoint Energy, Inc.                                 | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |   4800000 | NS      | $184032000.00 | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy, Inc.                                    | Clearway Energy, Inc., Class C                           | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |   1200000 | NS      | $39912000.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                               | Constellation Energy Corp.                               | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |    950000 | NS      | $335606500.00 | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                           | DTE Energy Co.                                           | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |   1300000 | NS      | $167674000.00 | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream, Inc.                                       | DT Midstream, Inc.                                       | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    650000 | NS      | $77792000.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                                    | Dominion Energy, Inc.                                    | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |   1800000 | NS      | $105462000.00 | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                                        | Duke Energy Corp.                                        | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |   2550000 | NS      | $298885500.00 | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                     | Edison International                                     | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |   2500000 | NS      | $150050000.00 | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp.                                            | Entergy Corp.                                            | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |   4300000 | NS      | $397449000.00 | 5.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities, Inc.                                | Essential Utilities, Inc.                                | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |   1250000 | NS      | $47950000.00  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy, Inc.                                             | Evergy, Inc.                                             | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |   4150000 | NS      | $300833500.00 | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                                        | Eversource Energy                                        | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |   1000000 | NS      | $67330000.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                                             | Exelon Corp.                                             | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |   5100000 | NS      | $222309000.00 | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                                        | FirstEnergy Corp.                                        | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |   3200000 | NS      | $143264000.00 | 2.02%             |  |  |  | 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        |   9086801 | NS      | $9086800.74   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                                  | E.ON SE                                                  | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |   5000000 | NS      | $94674604.77  | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                         | NRG Energy, Inc.                                         | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    800000 | NS      | $127392000.00 | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                                     | NextEra Energy, Inc.                                     | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |   8300000 | NS      | $666324000.00 | 9.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource, Inc.                                           | NiSource, Inc.                                           | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |   5800000 | NS      | $242208000.00 | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group, Inc.                          | Northwestern Energy Group, Inc.                          | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |   1400000 | NS      | $90356000.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp.                                         | OGE Energy Corp.                                         | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |   2181395 | NS      | $93145566.50  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                                            | ONE Gas, Inc.                                            | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |    700000 | NS      | $54075000.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp.                                               | PG&E Corp.                                               | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |  15800000 | NS      | $253906000.00 | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy, Inc.                                        | TXNM Energy, Inc.                                        | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |    800000 | NS      | $47104000.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp.                                                | PPL Corp.                                                | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |   6800000 | NS      | $238136000.00 | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                              | Pinnacle West Capital Corp.                              | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |   1000000 | NS      | $88700000.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group, Inc.                    | Public Service Enterprise Group, Inc.                    | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |   2050000 | NS      | $164615000.00 | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra, Inc.                                             | Sempra, Inc.                                             | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |   3700000 | NS      | $326673000.00 | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                                       | Southern Co. (The)                                       | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |   4000000 | NS      | $348800000.00 | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                                    | Targa Resources Corp.                                    | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    400000 | NS      | $73800000.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp.                                             | Vistra Corp.                                             | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |   2000000 | NS      | $322660000.00 | 4.54%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group, Inc.                                   | WEC Energy Group, Inc.                                   | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |   1100000 | NS      | $116006000.00 | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos., Inc. (The)                                | Williams Cos., Inc. (The)                                | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    900000 | NS      | $54099000.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy, Inc.                                        | Xcel Energy, Inc.                                        | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |   2500000 | NS      | $184650000.00 | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Drax Group plc                                           | Drax Group plc                                           | CUSIP: N/A<br>LEI: 549300YPSNTXR4ZHSR98       | Long             | EC               | CORP              | GB        |  12000000 | NS      | $135388097.99 | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| United Utilities Group plc                               | United Utilities Group plc                               | CUSIP: N/A<br>LEI: 2138002IEYQAOC88ZJ59       | Long             | EC               | CORP              | GB        |   4000000 | NS      | $64265732.87  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid plc                                        | National Grid plc                                        | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |   5000000 | NS      | $76692411.07  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Pound Sterling                                           | Pound Sterling                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | GB        |       212 | OU      | $285.74       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Franklin Custodian Funds

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer