Franklin Rising Dividends Fund
FRDPX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- One Franklin Parkway, Building 970, 1st FloorSan Mateo,CA 94403United States DE United States of America
- IPO Date
- Jan 14, 1987
- CIK
- 0000805650
- Website
- franklintempleton.com
- Similar Companies
- Business
- Franklin Rising Dividends Fund (FRDPX) is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of companies across the entire market capitalization spectrum that have a record of paying consistently rising dividends; the portfolio emphasizes financially sound, primarily U.S.-based companies generating reliable dividend growth, with up to 25% in foreign securities and diversification across sectors including software & services (16.86%), capital goods (13.10%), semiconductors (11.23%), and financial services (10.73%). The fund offers Class A shares (CUSIP 353825102) with a net expense ratio of 0.83%, quarterly dividend distributions, annual capital gain distributions typically in December, and a low portfolio turnover of 12%; it benchmarks against the S&P 500 Index, maintains total net assets of approximately $27.82 billion, and holds 57 issuers with key positions in Microsoft Corp (9.54%), Broadcom Inc (6.05%), and Apple Inc (3.82%). Inaugurated on January 14, 1987, and domiciled in the United States, the fund operates under Franklin Managed Trust and is managed by Franklin Advisers, Inc., part of the Franklin Templeton group headquartered in San Mateo, California; it targets individual and institutional investors seeking large-blend exposure in the U.S. equity large-cap core segment, with a Morningstar category of Large Blend and Lipper classification as Large-Cap Core Funds. In a significant strategic shift, the fund revised its principal investment strategies on February 1, 2025, to increase exposure to the technology sector, aligning with portfolio trends amid AI-driven growth and market volatility from U.S. tariff policies; this adjustment reflects efforts to capture opportunities in high-growth areas while navigating challenges from mega-cap tech stocks outside traditional dividend criteria, contributing to net asset growth of over $2.18 billion from operations for the year ended September 30, 2025.