Morningstar

Franklin Natural Resources Fund Advisor Class FNRAX

Medalist Rating as of Aug 31, 2026 See Franklin Templeton Investment Hub

Strategy

The investment seeks high total return. Under normal market conditions, the fund invests at least 80% of its net assets in the equity and debt securities of companies in the natural resources sector. It predominantly invests in equity securities. In addition to its investments in companies in the natural resources sector, the fund may also invest up to 20% of its net assets in equity or debt securities of any type of issuer. It may invest a significant portion of its assets in smaller capitalization companies, which are generally companies with market capitalizations of less than $2 billion at the time of the fund's investment.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FNRAX	Franklin Natural Resources Fund Advisor Class	Institutional	Open			Dec 31, 1996	$114.47M	0.700%	Below Average	$100,000	$22.37M
FRNRX	Franklin Natural Resources Fund Class A	Front Load	Open			Jun 5, 1995	$382.05M	0.960%	Low	$1,000	$16.69M
FNCRX	Franklin Natural Resources Fund Class C	Level Load	Open			Sep 1, 2005	$17.30M	1.710%	Low	$1,000	−$2.67M
FNCSX	Franklin Natural Resources Fund Class R6	Retirement, Large	Open			Sep 20, 2013	$29.48M	0.590%	Low	$1M	$14.83M

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