Franklin NextStep Funds

Franklin NextStep Conservative Fund, Franklin NextStep Moderate Fund and Franklin NextStep Growth Fund liquidated on 8/14/20. Please contact your financial professional or Shareholder Services for more information.

Fund Documents

Annual Report
Semiannual Report
Summary Prospectus – Franklin NextStep Conservative Fund
Summary Prospectus – Franklin NextStep Growth Fund
Summary Prospectus – Franklin NextStep Moderate Fund
Prospectus
2020 Foreign Tax Paid Information

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Franklin Templeton Distributors, Inc.

For US residents only.