At a glance
FFOG charges 0.41% a year, above the 0.4% average of the 8 funds most like it (the 5th cheapest of 9). It has $311.7M in assets, the 7th largest of that group. Over the past year it returned −0.4% with distributions reinvested (S&P 500: +11.5%), 8th of those 9 funds. Its ten largest positions make up 57.3% of the fund, out of 41 in all.
The short version
Franklin Focused Growth ETF (FFOG) is an actively managed Franklin Templeton fund that holds about 20 to 50 growth stocks. As of June 30, 2026, it held 41, led by NVIDIA, Alphabet and Amazon. It is non-diversified, so a handful of large positions drive results. Its 0.41% expense ratio is close to the 0.40% average of similar funds but far above Vanguard Growth ETF's 0.04%.
Price history
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FFOG -0.4% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| FFOG official prospectus, to Dec 31, 2025 | — | +16.99% | — | +11.06% | — | +18.19% |
| Russell 3000® Index index, same period | — | +17.15% | — | +13.15% | — | +14.47% |
| Russell 1000® Growth Index index, same period | — | +18.56% | — | +15.32% | — | +18.47% |
| FFOG price data to Oct 27, 2026 | +4.5% | -0.4% | — | — | — | +24.1% |
- Over the year to Oct 27, 2026, FFOG returned -0.4%, 8th of 9 among similar funds.
- Its worst full calendar year was 2025 (+17.1%); its best was 2024 (+38.2%).
- The deepest fall in its price history was 25.4% (Jan 23, 2025 to Apr 4, 2025), recovered by Jun 24, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +4.5% | — |
| 2025 | +17.1% | +16.99% |
| 2024 | +38.2% | +38.17% |
| 2023 | — | +49.15% |
| 2022 | — | -39.63% |
| 2021 | — | +16.09% |
| 2020 | — | +56.18% |
| 2019 | — | +33.14% |
| 2018 | — | +2.08% |
| 2017 | — | +34.16% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
What's inside
As of Jun 30, 2026, the fund held 41 securities; the ten largest made up 57.32% of assets.
| Holding | Weight | |
|---|---|---|
| NVIDIA CORP | 9.96% | |
| ALPHABET INC | 8.50% | |
| AMAZON.COM INC | 8.26% | |
| SANDISK CORP | 5.32% | |
| MICROSOFT CORP | 5.09% | |
| APPLE INC | 4.89% | |
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 4.41% | |
| BROADCOM INC | 4.21% | |
| META PLATFORMS INC | 3.36% | |
| KLA CORP | 3.32% | |
| ASML HOLDING NV | 2.56% | |
| CELESTICA INC | 2.52% | |
| TESLA INC | 2.50% | |
| MASTERCARD INC | 2.50% | |
| BLOOM ENERGY CORP | 2.36% |
By country
United States 83.69%Taiwan 4.41%Canada 3.53%Netherlands 2.56%South Korea 2.14%By asset type
Stocks 99.34%By sector
Sectors of the companies held, for the 71.2% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors added a net $50.2M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +17.53%, +7.06%, -0.16%.
How it works
FFOG does not track an index. Franklin Templeton's managers pick the stocks, and the fund's goal is capital appreciation, meaning growth in the value of its shares. Under normal conditions, at least 80% of net assets go into companies the manager expects to grow sales or earnings over the long run. The fund may buy companies of any size. It may also put up to 25% of net assets in foreign stocks, including emerging markets.
The approach is "bottom-up": the team studies one company at a time. It weighs growth prospects, the quality of management, the company's position in its industry and the share price. Its valuation tools include discounted cash flow (an estimate of what future profits are worth now), price-to-earnings ratios and sum-of-the-parts analysis. The portfolio usually holds about 20 to 50 companies. The prospectus sets no weighting formula or rebalancing schedule, so the manager decides how big each position is. As of June 30, 2026, the top 10 holdings made up 57% of assets, and NVIDIA alone was close to 10%.
As a "non-diversified" fund, FFOG can hold larger stakes in fewer companies than a diversified fund. The prospectus reports portfolio turnover of 37%, meaning about a third of the portfolio was replaced over the year. As of June 30, 2026, the fund was almost entirely in common stock, with 0.69% in cash and no derivatives.
What it really costs
- FFOG charges 0.41% a year, versus an average of 0.4% for the similar funds below (5th of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $42 in the first year and $517 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| FFOG | $42 | $132 | $230 | $517 |
In a retirement portfolio
FFOG is a concentrated, non-diversified growth fund with a one-year beta of 1.7, so it tends to swing harder than the market and fits better as a smaller slice than as a foundation.
FFOG could add concentrated exposure to large technology and internet companies alongside a broader core holding. The ETF launched on November 6, 2023, so its own price history misses the 2008, 2020 and 2022 sell-offs. Its prospectus, however, reports annual returns back to 2017. Those include a 39.63% loss in 2022 and a worst quarter of -25.01%, ending June 30, 2022. Since launch, its deepest drop was 25.4%, from January 23 to April 4, 2025. It recovered by June 24, 2025, about 2.7 months later. Someone forced to sell during a slump like 2022 would lock in steep losses.
The fund has recorded no distributions, so it provides no income. It costs 0.41% a year. In the SEC's standard $10,000 example, that comes to $42 after one year and $517 over 10 years. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want an actively picked portfolio of about 20 to 50 growth stocks, led by NVIDIA, Alphabet and Amazon as of June 30, 2026.
- Investors who can hold through deep drops: the prospectus shows a 39.63% loss in 2022, and the fund fell 25.4% in early 2025.
- Growth investors willing to pay 0.41%, close to the 0.40% average of similar funds, for a manager's judgment instead of an index.
Look elsewhere if
- Anyone who needs regular income from a holding, since the fund has recorded no distributions.
- Cost-focused investors: Vanguard Growth ETF charges 0.04% and Vanguard Mega Cap Growth ETF 0.07%, and each shares 55–56% of FFOG's holdings.
- Investors who want broad diversification: as of June 30, 2026, 57% of assets sat in the top 10 holdings and at least 39% in technology.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| FFOG this fund | — | 0.41% | $311.7M | -0.4% | — |
| PJFG PGIM Jennison Focused Growth ETF | 62% | 0.75% | $140.3M | +3.6% | +25.2% |
| WINN Harbor Long-Term Growers ETF | 59% | 0.57% | $1.13B | +5.5% | +25.4% |
| TGRT T. Rowe Price Growth ETF | 57% | 0.38% | $1.48B | +1.0% | +23.5% |
| MGK Vanguard Mega Cap Growth ETF | 56% | 0.07% | $33.30B | +2.5% | +23.2% |
| TGRW T. Rowe Price Growth Stock ETF | 56% | 0.52% | $1.03B | -0.6% | +21.4% |
| PGRO Putnam Focused Large Cap Growth ETF | 55% | 0.56% | $212.1M | +3.1% | +24.6% |
| QGRW WisdomTree U.S. Quality Growth Fund | 55% | 0.28% | $2.65B | +12.3% | +30.1% |
Questions investors ask
Does FFOG pay dividends?
No. FFOG has recorded no distributions, so it offers no regular income. That matches its stated goal of capital appreciation and its focus on growth companies such as NVIDIA, Alphabet and Amazon. Growth companies often reinvest their profits instead of paying large dividends. Anyone who wants cash from the fund would have to sell shares. That can hurt in a downturn: the prospectus shows a 39.63% loss in 2022.
What's the difference between FFOG and PJFG?
Both are actively managed, concentrated growth ETFs, and they share about 62% of their holdings, the highest overlap among similar funds. The main difference is cost: FFOG charges 0.41% a year, while PGIM Jennison Focused Growth ETF charges 0.75%. Over the year to October 27, 2026, PJFG returned 3.6% and FFOG returned -0.4%. FFOG is larger, with $311.7 million in net assets as of June 30, 2026. PJFG had $140.3 million as of August 31, 2026.
Is FFOG good for retirement?
It depends on the job it would do. FFOG is a concentrated, non-diversified growth fund with no income. Its one-year beta is 1.7 (beta measures how much a fund moves compared with the market), and its volatility is about 24%. Its prospectus, which includes years before the ETF's 2023 launch, shows a 56.18% gain in 2020 and a 39.63% loss in 2022. That profile may suit a smaller, higher-risk part of a retirement portfolio more than its core.
What stocks does FFOG hold?
As of June 30, 2026, FFOG held 41 companies, and the top 10 made up 57% of assets. The largest were NVIDIA (10.0%), Alphabet (8.5%), Amazon (8.3%), Sandisk (5.3%), Microsoft (5.1%), Apple (4.9%), Taiwan Semiconductor (4.4%) and Broadcom (4.2%). About 84% was in US companies, with smaller stakes in Taiwan, Canada, the Netherlands, South Korea and Denmark. Technology was the largest sector, at 39.1% of assets.
Is FFOG more expensive than VUG?
Yes. FFOG's expense ratio is 0.41%, compared with 0.04% for Vanguard Growth ETF, which shares about 55% of FFOG's holdings. In the SEC's standard $10,000 example, FFOG costs about $42 in the first year and $517 over 10 years. The higher fee pays for active stock picking. That has not yet paid off over five years: as of December 31, 2025, FFOG returned 11.06% a year, while the Russell 1000 Growth Index returned 15.32%.