# EDGAR Filing Document

**Accession Number:** 0000038721
**File Stem:** 0001655589-25-000155
**Filing Date:** 2025-10
**Character Count:** 4485
**Document Hash:** feb541fa753f089f69e6d96ecfb73145
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001655589-25-000155.hdr.sgml**: 20251031

**ACCESSION NUMBER**: 0001655589-25-000155

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251031

**DATE AS OF CHANGE**: 20251031

**EFFECTIVENESS DATE**: 20251031

**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:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-11346
- **FILM NUMBER:** 251438392

**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           |

#### 106-P1 10/25

#### FRANKLIN CUSTODIAN FUNDS

#### SUPPLEMENT DATED OCTOBER 31, 2025

#### TO THE SUMMARY PROSPECTUS, PROSPECTUS AND

#### STATEMENT OF ADDITIONAL INFORMATION ("SAI"),

#### EACH DATED FEBRUARY 1, 2025, OF

#### FRANKLIN GROWTH FUND (THE "FUND")
<br>**Effective December 31, 2025, the following changes are made to the Fund's Summary Prospectus, Prospectus and SAI:**

#### 1) The following replaces references to Serena Perin Vinton in the section titled "Fund Summary – Portfolio Managers" in the Fund's Summary Prospectus and Prospectus:

#### Sara Araghi, CFA <br> Portfolio Manager of Advisers and portfolio manager of the Fund since December 2025.

#### 2) The following replaces references to Serena Perin Vinton in the section titled "Fund Details – Management" in the Fund's Prospectus:
**Sara Araghi, CFA Portfolio Manager of Advisers**<br>Ms. Araghi has been a portfolio manager of the Fund since December 2025. She joined Franklin Templeton in 2003.

#### 3) The following is added to the section titled "Fund Details – Management" in the Fund's Prospectus:
The portfolio managers of the Fund are jointly and primarily responsible for the day-to-day management of the Fund's portfolio. Each portfolio manager has equal authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated investment management requirements. The degree to which each portfolio manager may perform these functions, and the nature of these functions, may change from time to time.

------

**4) The following replaces references to Serena Perin Vinton in the table in the section titled "Management and Other Services – Portfolio managers" in the Fund's SAI:** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name** | **Type of<br>Account** | **Number of**<br>**Accounts**<br>**Managed** | **Total Assets**<br>**Managed**<br>**(x $1 million)** | **Number of Accounts** <br>**Managed for which** <br>**Advisory Fee is** <br>**Performance-Based** | **Assets Managed for which** <br>**Advisory Fee is** <br>**Performance-Based** <br>**(x $1 million)** |
| Sara Araghi\* | Registered<br>Investment<br>Companies | 2 | 4858.3 |  |  |
|  | Other Pooled<br>Investment<br>Vehicles | 6 | 7775.2 |  |  |
|  | Other<br>Accounts | 1 | 0.4 |  |  |

---

\*Information is provided as of September 30, 2025.

**5) The following replaces references to Serena Perin Vinton in the table in the section titled "Management and Other Services – Portfolio managers – Ownership of Fund shares" in the Fund's SAI:** 

---

| | |
|:---|:---|
| **Portfolio Manager** | **Dollar Range of Fund Shares** <br>**Beneficially Owned** |
| Sara Araghi\* | None |
| \*Information is provided as of September 30, 2025. |  |

---

#### Please retain this supplement for future reference.

------