- ISIN
- US3547136040
- CUSIP
- 354713604
- Issuer
- Franklin Templeton
- Inception Date
- Jun 4, 1995
- Category
- Energy Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FRNRX Performance Chart
Franklin Natural Resources Fund (FRNRX) is up 18.0% since the beginning of the year. FRNRX is currently trading at $43 per share. Investors who bought $1,000 worth of FRNRX shares 5 years ago would now be looking at an investment worth $2,932.
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Returns By Period
Franklin Natural Resources Fund (FRNRX) has returned 17.99% so far this year and 42.35% over the past 12 months. Over the last ten years, FRNRX has returned 10.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Franklin Natural Resources Fund
- 1D
- -1.33%
- 1M
- -5.13%
- YTD
- 17.99%
- 6M
- 17.95%
- 1Y
- 42.35%
- 3Y*
- 17.94%
- 5Y*
- 24.00%
- 10Y*
- 10.39%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FRNRX Monthly Returns History
Based on dividend-adjusted daily data since Jun 5, 1995, FRNRX's average daily return is +0.04%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 57% of months were positive and 43% were negative. The best month was Dec 2021 with a return of +32.0%, while the worst month was Mar 2020 at -36.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FRNRX closed higher 52% of trading days. The best single day was Dec 15, 2021 with a return of +28.0%, while the worst single day was Mar 9, 2020 at -22.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 12.29% | 10.39% | -0.93% | 1.65% | -1.60% | -3.94% | 17.99% | ||||||
| 2025 | 3.16% | 0.20% | 2.38% | -6.63% | 3.23% | 5.44% | 1.21% | 6.90% | 4.31% | -0.84% | 4.84% | 3.36% | 30.43% |
| 2024 | -3.64% | 1.84% | 10.00% | -0.48% | 2.49% | -3.53% | 2.78% | -1.40% | -0.81% | -1.20% | 4.47% | -8.10% | 1.28% |
| 2023 | 6.53% | -7.22% | -1.10% | 0.97% | -8.26% | 8.96% | 8.08% | -1.78% | -0.91% | -4.20% | 1.66% | 2.14% | 3.25% |
| 2022 | 7.79% | 6.56% | 10.01% | -4.36% | 9.59% | -16.08% | 5.52% | 1.26% | -8.63% | 17.48% | 6.07% | -3.47% | 30.52% |
| 2021 | 2.04% | 13.83% | 1.34% | 2.14% | 6.99% | 0.61% | -6.08% | -1.38% | 5.21% | 9.57% | -4.43% | 32.04% | 74.38% |
Benchmark Metrics
Franklin Natural Resources Fund has an annualized alpha of 1.08%, beta of 0.99, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since June 05, 1995.
- This fund participated in 108.06% of S&P 500 Index downside but only 103.44% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.46 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.08%
- Beta
- 0.99
- R²
- 0.46
- Upside Capture
- 103.44%
- Downside Capture
- 108.06%
Expense Ratio
FRNRX has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FRNRX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Natural Resources Fund (FRNRX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FRNRX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 6.43 | 2.78 | +3.64 |
| Martin ratioReturn relative to average drawdown | 20.65 | 12.44 | +8.21 |
Dividends
Dividend History
Franklin Natural Resources Fund provided a 1.44% dividend yield over the last twelve months, with an annual payout of $0.62 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.62 | $0.62 | $0.68 | $0.57 | $0.68 | $5.07 | $0.40 | $0.36 | $0.49 | $0.31 | $0.28 | $0.18 |
Dividend yield | 1.44% | 1.70% | 2.40% | 1.98% | 2.38% | 22.66% | 2.39% | 1.64% | 2.43% | 1.16% | 1.02% | 0.86% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Natural Resources Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.62 | $0.62 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.57 | $0.57 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.68 | $0.68 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.07 | $5.07 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Natural Resources Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Natural Resources Fund was 80.54%, occurring on Mar 18, 2020. Recovery took 1015 trading sessions.
The current Franklin Natural Resources Fund drawdown is 6.39%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -80.54%Mar 2020 | 11y 8mo | 4y 15d | 15y 9moJul 2008 - Apr 2024 |
1998 bear market1998 | -47.29%Aug 1998 | 10mo 27d | 1y 8mo | 2y 7moOct 1997 - May 2000 |
Dot-com crash2000–2002 | -40.00%Oct 2002 | 1y 4mo | 1y 9mo | 3y 1moMay 2001 - Jul 2004 |
2006 bear market2006 | -21.35%Oct 2006 | 4mo 25d | 5mo 27d | 10mo 22dMay 2006 - Mar 2007 |
2025 selloff2025 | -19.65%Apr 2025 | 12mo 3d | 3mo 4d | 1y 3moApr 2024 - Jul 2025 |
Drawdown Indicators
| FRNRX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.54% | -56.78% | -23.76% |
Max Drawdown (1Y)Largest decline over 1 year | -6.53% | -9.10% | +2.57% |
Max Drawdown (3Y)Largest decline over 3 years | -19.65% | -18.90% | -0.75% |
Max Drawdown (5Y)Largest decline over 5 years | -26.29% | -25.43% | -0.86% |
Max Drawdown (10Y)Largest decline over 10 years | -70.71% | -33.92% | -36.79% |
Current DrawdownCurrent decline from peak | -6.39% | -1.80% | -4.59% |
Average DrawdownAverage peak-to-trough decline | -23.80% | -10.71% | -13.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 2.03% | 0.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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