FRNRX Performance — Franklin Natural Resources Fund, Class A
Data updated: 2026-09-25
FRNRX returned +19.08% year to date and +42.65% over one year to Jul 2026. Annualised returns are +15.04% over 3 years and +18.83% over 5 years. The fund beat its Global Mid-Cap Blend category average: $100 invested three years ago grew to $152, against $142 for the category, and to $143 over one year, against $118. Volatility over the past three years was 15.75% a year. In the 12 months to Jul 2026 the fund took in a net $45.4M, and assets reached $500.09M.
FRNRX Growth of $100
What $100 invested in Franklin Natural Resources Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Mid-Cap Blend category average over the same months.
| Period | FRNRX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $143 | $118 |
| 3 years (Aug 2023 – Jul 2026) | $152 | $142 |
| 5 years (Aug 2021 – Jul 2026) | $237 | $150 |
| Since data start (Aug 2019 – Jul 2026) | $232 | $196 |
FRNRX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.08% |
| 1 year | +42.65% |
| 3 years (annualised) | +15.04% |
| 5 years (annualised) | +18.83% |
FRNRX Annual Returns
Calendar-year total returns of Franklin Natural Resources Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +19.08% |
| 2025 | +30.39% |
| 2024 | +1.25% |
| 2023 | +3.28% |
| 2022 | +30.47% |
| 2021 | +35.94% |
| 2020 | −21.62% |
| 2019 (Aug–Dec) | +2.65% |
FRNRX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +12.3% | +10.4% | −0.9% | +1.6% | −1.6% | −6.3% | +3.5% | — | — | — | — | — |
| 2025 | +3.2% | +0.2% | +2.4% | −6.6% | +3.2% | +5.4% | +1.2% | +6.9% | +4.3% | −0.8% | +4.8% | +3.3% |
| 2024 | −3.6% | +1.8% | +10.0% | −0.5% | +2.5% | −3.5% | +2.8% | −1.4% | −0.8% | −1.2% | +4.5% | −8.1% |
| 2023 | +6.5% | −7.2% | −1.1% | +1.0% | −8.3% | +9.0% | +8.1% | −1.8% | −0.9% | −4.2% | +1.7% | +2.2% |
| 2022 | +7.8% | +6.6% | +10.0% | −4.4% | +9.6% | −16.1% | +5.5% | +1.3% | −8.6% | +17.5% | +6.1% | −3.5% |
| 2021 | +2.0% | +13.8% | +1.3% | +2.1% | +7.0% | +0.6% | −6.1% | −1.4% | +5.2% | +9.6% | −4.4% | +2.9% |
| 2020 | −12.4% | −13.3% | −36.1% | +29.0% | +2.7% | +2.5% | +1.7% | +1.9% | −10.0% | −2.8% | +22.3% | +7.3% |
| 2019 | — | — | — | — | — | — | — | −9.6% | +2.9% | −2.6% | +2.0% | +11.1% |
FRNRX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.75%
- 3-year Sharpe ratio: 0.67 (vs 4.5% risk-free rate)
- Best month: +12.29% (Jan 2026)
- Worst month: −8.12% (Dec 2024)
FRNRX Fund Flows
Monthly money in and out of Franklin Natural Resources Fund, from SEC Form N-PORT.
- 12-month net flow: $45.4M
- 12-month gross sales (incl. reinvestments): $178.9M
- Sales ÷ redemptions: 1.34×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $9.0M | $20.9M | −$11.9M |
| Jun 2026 | $18.8M | $18.6M | $245K |
| May 2026 | $11.8M | $13.8M | −$2.0M |
| Apr 2026 | $21.8M | $14.5M | $7.3M |
| Mar 2026 | $36.6M | $22.7M | $14.0M |
| Feb 2026 | $24.2M | $8.3M | $15.8M |
| Jan 2026 | $19.4M | $7.2M | $12.1M |
| Dec 2025 | $13.9M | $5.4M | $8.5M |
| Nov 2025 | $5.7M | $4.6M | $1.1M |
| Oct 2025 | $7.1M | $6.8M | $235K |
| Sep 2025 | $7.4M | $5.2M | $2.2M |
| Aug 2025 | $3.3M | $5.5M | −$2.2M |
FRNRX Assets Under Management
Net assets of Franklin Natural Resources Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $500.09M |
| 2026-04-30 | $538.85M |
| 2026-01-31 | $450.22M |
| 2025-10-31 | $356.58M |
| 2025-07-31 | $322.28M |
| 2025-04-30 | $295.21M |
| 2025-01-31 | $322.30M |
| 2024-10-31 | $338.09M |
| 2024-07-31 | $361.57M |
| 2024-04-30 | $373.48M |
| 2024-01-31 | $355.64M |
| 2023-10-31 | $377.55M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.