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Franklin Custodian Funds
February 1, 2019
as amended October 24, 2019
Before you invest, you may want to review the Fund’s prospectus, which contains more
information about the Fund and its risks. You can find the Fund’s prospectus, statement
of additional information, reports to shareholders and other information about the Fund
online at www.franklintempleton.com/prospectus. You can also get this information
at no cost by calling (800) DIAL BEN/342-5236 or by sending an e-mail request to
email@example.com. The Fund’s prospectus and statement of additional
information, both dated February 1, 2019, as may be supplemented, are all incorporated
by reference into this Summary Prospectus.
Click to view the fund’s prospectus or statement of additional information.
Internet Delivery of Fund Reports Unless You Request Paper Copies: Effective
January 1, 2021, as permitted by the SEC, paper copies of the Fund’s shareholder
reports will no longer be sent by mail, unless you specifically request them from the
Fund or your financial intermediary. Instead, the reports will be made available on a
website, and you will be notified by mail each time a report is posted and provided
with a website link to access the report.
If you already elected to receive shareholder reports electronically, you will not be
affected by this change and you need not take any action. If you have not signed
up for electronic delivery, we would encourage you to join fellow shareholders who
have. You may elect to receive shareholder reports and other communications
electronically from the Fund by calling (800) 632‑2301 or by contacting your
You may elect to continue to receive paper copies of all your future shareholder
reports free of charge by contacting your financial intermediary or, if you invest
directly with a Fund, calling (800) 632‑230