# EDGAR Filing Document

**Accession Number:** 0000038721
**File Stem:** 0002071691-26-003961
**Filing Date:** 2026-2
**Character Count:** 45397
**Document Hash:** 7636bcb7e8d0d52eab00bc83afb696a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-003961.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0002071691-26-003961

**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:** 26675100

**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 DYNATECH FUND (Series ID: S000006754)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018321 | Class A       | FKDNX           |
| C000018323 | Class C       | FDYNX           |
| C000066417 | Advisor Class | FDYZX           |
| C000068977 | Class R       | FDNRX           |
| C000128785 | Class R6      | FDTRX           |

## 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 Dynatech Fund

- **b. EDGAR series identifier (if any):** S000006754

- **c. LEI of Series:** 549300ZT4KNXE58HPQ47

**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:** $28440254227.52

**Total Liabilities:** $25966418.38

**Net Assets:** $28414287809.14

**Cash Not Reported:** $252197.17

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018321 | 4.72%                | -4.22%               | -1.04%               |
| Class ID C000018323 | 4.65%                | -4.28%               | -1.10%               |
| Class ID C000066417 | 4.75%                | -4.20%               | -1.02%               |
| Class ID C000068977 | 4.70%                | -4.24%               | -1.06%               |
| Class ID C000128785 | 4.75%                | -4.20%               | -1.01%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $420859566.32            | $979716234.87                              |
| Month 2  | $421060460.27            | $-1702148683.99                            |
| Month 3  | $411315620.12            | $-701414286.42                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Adaptive Biotechnologies Corp.                           | Adaptive Biotechnologies Corp.                           | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |    100000 | NS      | $1624000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings, Inc.                                    | Affirm Holdings, Inc., Class A                           | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1000000 | NS      | $74430000.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals, Inc.                            | Alnylam Pharmaceuticals, Inc.                            | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |    225000 | NS      | $89471250.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                           | Alphabet, Inc., Class A                                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   6000000 | NS      | $1878000000.00 | 6.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                         | Amazon.com, Inc.                                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |  10000000 | NS      | $2308200000.00 | 8.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                                           | Amphenol Corp., Class A                                  | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |   2250000 | NS      | $304065000.00  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                                     | Analog Devices, Inc.                                     | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    250000 | NS      | $67800000.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                                              | Apple, Inc.                                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   4000000 | NS      | $1087440000.00 | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp.                                           | AppLovin Corp., Class A                                  | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |   1100000 | NS      | $741202000.00  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcutis Biotherapeutics, Inc.                            | Arcutis Biotherapeutics, Inc.                            | CUSIP: 03969K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    400000 | NS      | $11616000.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks, Inc.                                    | Arista Networks, Inc.                                    | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |   1650000 | NS      | $216199500.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings plc                                         | ARM Holdings plc                                         | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |    250000 | NS      | $27327500.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                                      | Ascendis Pharma A/S                                      | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |   1000000 | NS      | $213240000.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise, Inc.                                    | Axon Enterprise, Inc.                                    | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |    700000 | NS      | $397551000.00  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics, Inc.                                | Axsome Therapeutics, Inc.                                | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |     50000 | NS      | $9132000.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co.                                         | Baker Hughes Co., Class A                                | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $4554000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BeOne Medicines Ltd.                                     | BeOne Medicines Ltd.                                     | CUSIP: 07725L102<br>LEI: 549300JFUK6FRD5MH739 | Long             | EC               | CORP              | CH        |     50000 | NS      | $15190500.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp.                                       | Bloom Energy Corp., Class A                              | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |    900000 | NS      | $78201000.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                                   | Booking Holdings, Inc.                                   | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     50000 | NS      | $267766500.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma, Inc.                                   | Bridgebio Pharma, Inc.                                   | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |    400000 | NS      | $30596000.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                           | Broadcom, Inc.                                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |   4750000 | NS      | $1643975000.00 | 5.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                             | Cadence Design Systems, Inc.                             | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |    600000 | NS      | $187548000.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Caris Life Sciences, Inc.                                | Caris Life Sciences, Inc.                                | CUSIP: 142152107<br>LEI: 549300LX5LO78M5VPY43 | Long             | EC               | CORP              | US        |    250000 | NS      | $6745000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Carvana Co.                                              | Carvana Co., Class A                                     | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |    350000 | NS      | $147707000.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica, Inc.                                          | Celestica, Inc.                                          | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |   1600000 | NS      | $472976000.00  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Circle Internet Group, Inc.                              | Circle Internet Group, Inc., Class A                     | CUSIP: 172573107<br>LEI: 254900HFVVR6NPMQVN93 | Long             | EC               | CORP              | US        |    150000 | NS      | $11895000.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare, Inc.                                         | Cloudflare, Inc., Class A                                | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |   2500000 | NS      | $492875000.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics, Inc.                               | Corcept Therapeutics, Inc.                               | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |    200000 | NS      | $6960000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings, Inc.                               | Crowdstrike Holdings, Inc., Class A                      | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |    200000 | NS      | $93752000.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash, Inc.                                           | DoorDash, Inc., Class A                                  | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |   1250000 | NS      | $283100000.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity, Inc.                                           | Doximity, Inc., Class A                                  | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $4428000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                     | Meta Platforms, Inc., Class A                            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |   2150000 | NS      | $1419193500.00 | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Figma, Inc.                                              | Figma, Inc., Class A                                     | CUSIP: 316841105<br>LEI: 254900273Q0J4Z65HU28 | Long             | EC               | CORP              | US        |     80458 | NS      | $3006715.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar, Inc.                                        | First Solar, Inc.                                        | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     50000 | NS      | $13061500.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Figure Technology Solutions, Inc.                        | Figure Technology Solutions, Inc., Class A               | CUSIP: 349381103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $8168000.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| GE Vernova, Inc.                                         | GE Vernova, Inc.                                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |    200000 | NS      | $130714000.00  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health, Inc.                                    | Guardant Health, Inc.                                    | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |   1750000 | NS      | $178745000.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software, Inc.                                 | Guidewire Software, Inc.                                 | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |    300000 | NS      | $60303000.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| HeartFlow, Inc.                                          | HeartFlow, Inc.                                          | CUSIP: 42238D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    650000 | NS      | $18947500.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Hinge Health, Inc.                                       | Hinge Health, Inc., Class A                              | CUSIP: 433313103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    600000 | NS      | $27870000.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories, Inc.                                 | IDEXX Laboratories, Inc.                                 | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |    100000 | NS      | $67653000.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed, Inc.                                             | Insmed, Inc.                                             | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    925000 | NS      | $160987000.00  | 0.57%             |  |  |  | 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        |  62964232 | NS      | $62964231.55   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                             | Intuit, Inc.                                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |    150000 | NS      | $99363000.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical, Inc.                                 | Intuitive Surgical, Inc.                                 | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    650000 | NS      | $368134000.00  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ionis Pharmaceuticals, Inc.                              | Ionis Pharmaceuticals, Inc.                              | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |    700000 | NS      | $55377000.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                                | KLA Corp.                                                | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |    250000 | NS      | $303770000.00  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings, Inc.                                    | Karman Holdings, Inc.                                    | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1150000 | NS      | $84145500.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc.                | Kratos Defense & Security Solutions, Inc.                | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |   2350000 | NS      | $178388500.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech, Inc.                                    | Krystal Biotech, Inc.                                    | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |    100000 | NS      | $24654000.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp.                                       | Lam Research Corp.                                       | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |   2050000 | NS      | $350919000.00  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Legence Corp.                                            | Legence Corp., Class A                                   | CUSIP: 52476L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    650000 | NS      | $27976000.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Life360, Inc.                                            | Life360, Inc.                                            | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |    400000 | NS      | $25656000.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals, Inc.                             | Ligand Pharmaceuticals, Inc.                             | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |    450000 | NS      | $85081500.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                                          | Eli Lilly & Co.                                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    300000 | NS      | $322404000.00  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                                         | Mastercard, Inc., Class A                                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |   1000000 | NS      | $570880000.00  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings, Inc.                                   | Medpace Holdings, Inc.                                   | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |    100000 | NS      | $56165000.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre, Inc.                                       | MercadoLibre, Inc.                                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |    200000 | NS      | $402852000.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                          | Microsoft Corp.                                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   4500000 | NS      | $2176290000.00 | 7.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB, Inc.                                            | MongoDB, Inc., Class A                                   | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |    100000 | NS      | $41969000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems, Inc.                           | Monolithic Power Systems, Inc.                           | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |    250000 | NS      | $226590000.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro Medicus Ltd.                                         | Pro Medicus Ltd.                                         | CUSIP: N/A<br>LEI: 98450085A903D1BMFF27       | Long             | EC               | CORP              | AU        |    500000 | NS      | $73431602.28   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Natera, Inc.                                             | Natera, Inc.                                             | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |   1450000 | NS      | $332180500.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                            | Netflix, Inc.                                            | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |   4350000 | NS      | $407856000.00  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextpower, Inc.                                          | Nextpower, Inc., Class A                                 | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $8711000.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                             | NVIDIA Corp.                                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |  19000000 | NS      | $3543500000.00 | 12.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.                          | Oceaneering International, Inc.                          | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |    250000 | NS      | $6007500.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics, Inc.                                   | PTC Therapeutics, Inc.                                   | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |    150000 | NS      | $11394000.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies, Inc.                              | Palantir Technologies, Inc., Class A                     | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |   1600000 | NS      | $284400000.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks, Inc.                                 | Palo Alto Networks, Inc.                                 | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |   1000000 | NS      | $184200000.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                                    | Quanta Services, Inc.                                    | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |    220000 | NS      | $92853200.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Reddit, Inc.                                             | Reddit, Inc., Class A                                    | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |    450000 | NS      | $103441500.00  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolution Medicines, Inc.                               | Revolution Medicines, Inc.                               | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |    200000 | NS      | $15930000.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals, Inc.                             | Rhythm Pharmaceuticals, Inc.                             | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |    100000 | NS      | $10704000.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets, Inc.                                  | Robinhood Markets, Inc., Class A                         | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |   1800000 | NS      | $203580000.00  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp.                                             | ROBLOX Corp., Class A                                    | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |   2000000 | NS      | $162060000.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp.                                         | Rocket Lab Corp.                                         | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1300000 | NS      | $90688000.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Roku, Inc.                                               | Roku, Inc., Class A                                      | CUSIP: 77543R102<br>LEI: 549300KR6ITU0YIR1T71 | Long             | EC               | CORP              | US        |    250000 | NS      | $27122500.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd.                                                 | Sea Ltd.                                                 | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |   1450000 | NS      | $184976500.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp.                                    | GeneDx Holdings Corp., Class A                           | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    500000 | NS      | $65030000.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceTitan, Inc.                                       | ServiceTitan, Inc., Class A                              | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    800000 | NS      | $85200000.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp.                                             | SiTime Corp.                                             | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $8829750.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake, Inc.                                          | Snowflake, Inc., Class A                                 | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |    300000 | NS      | $65808000.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Symbotic, Inc.                                           | Symbotic, Inc., Class A                                  | CUSIP: 87151X101<br>LEI: 529900UN9QT55OG9I235 | Long             | EC               | CORP              | US        |    400000 | NS      | $23800000.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys, Inc.                                           | Synopsys, Inc.                                           | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |    300000 | NS      | $140916000.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.              | Taiwan Semiconductor Manufacturing Co. Ltd.              | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   2000000 | NS      | $607780000.00  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tarsus Pharmaceuticals, Inc.                             | Tarsus Pharmaceuticals, Inc.                             | CUSIP: 87650L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $16376000.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI, Inc.                                          | Tempus AI, Inc., Class A                                 | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Long             | EC               | CORP              | US        |    750000 | NS      | $44287500.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla, Inc.                                              | Tesla, Inc.                                              | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |   1750000 | NS      | $787010000.00  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast, Inc.                                              | Toast, Inc., Class A                                     | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    100000 | NS      | $3551000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets, Inc.                                   | Tradeweb Markets, Inc., Class A                          | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    750000 | NS      | $80655000.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies, Inc.                                  | Uber Technologies, Inc.                                  | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |   1200000 | NS      | $98052000.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp.                                | United Therapeutics Corp.                                | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |    100000 | NS      | $48725000.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software, Inc.                                     | Unity Software, Inc.                                     | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |    200000 | NS      | $8834000.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems, Inc.                                      | Veeva Systems, Inc., Class A                             | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |    100000 | NS      | $22323000.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                                               | Visa, Inc., Class A                                      | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |   1000000 | NS      | $350710000.00  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Australian Dollar                                        | Australian Dollar                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | AU        |        18 | OU      | $11.85         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Software, Inc.                             | Constellation Software, Inc.                             | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |     10000 | NS      | $24053039.96   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica, Inc.                                          | Celestica, Inc.                                          | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |    300000 | NS      | $88683000.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                                    | Tencent Holdings Ltd.                                    | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    100000 | NS      | $7674353.95    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                                | Argenx SE                                                | CUSIP: N/A<br>LEI: 7245009C5FZE6G9ODQ71       | Long             | EC               | CORP              | NL        |    225000 | NS      | $189797361.04  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Constellation Software, Inc.                             | Constellation Software, Inc.                             | CUSIP: 21037X134<br>LEI: 549300B6PYHMCTDWQV29 | Long             |  | CORP              | CA        |     50000 | NS      | $0.00          | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Samsung Episholdings Co. Ltd.                            | Samsung Episholdings Co. Ltd.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     10000 | NS      | $5157752.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify, Inc.                                            | Shopify, Inc., Class A                                   | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |   5000000 | NS      | $805070853.52  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Biologics Co. Ltd.                               | Samsung Biologics Co. Ltd.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     15000 | NS      | $17612764.36   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund | Franklin Institutional U.S. Government Money Market Fund | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   7707000 | NS      | $7707000.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bullish, Inc.                                            | Bullish, Inc.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     37900 | NS      | $1435273.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Jazz Pharmaceuticals plc                                 | Jazz Pharmaceuticals plc                                 | CUSIP: N/A<br>LEI: 635400GAUMJCLEZRRV50       | Long             | EC               | CORP              | IE        |    350000 | NS      | $59500000.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kestra Medical Technologies Ltd.                         | Kestra Medical Technologies Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |    400000 | NS      | $10608000.00   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC plc                                           | TechnipFMC plc                                           | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |   1200000 | NS      | $53472000.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                    | Spotify Technology SA                                    | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |    150000 | NS      | $87106500.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Elbit Systems Ltd.                                       | Elbit Systems Ltd.                                       | CUSIP: N/A<br>LEI: 529900Q9CB1REUMZSS32       | Long             | EC               | CORP              | IL        |     75000 | NS      | $43328250.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                          | ASML Holding NV                                          | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |    100000 | NS      | $106986000.00  | 0.38%             |  |  |  | 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