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The Simple Way to Invest
Franklin NextStep Funds™
You've worked hard for your money. The next step is getting your money to work for you. But building a comprehensive investment portfolio is no easy task. Franklin NextStep Funds offer three diversified portfolios that can be matched to investors based on their goals and risk tolerance.
About Franklin NextStep Funds
Why Invest in Franklin NextStep Funds
Simplicity
All-in-one portfolios targeted to three levels of risk
Diversification
A broad mix of investments across fund managers, asset classes and countries
Expertise
Professionally managed to navigate the ups and downs of the market
Franklin NextStep Fund Information
Franklin Nextstep Conservative fund overview
About the fund
The fund is designed for investors seeking the highest level of long-term total return that is consistent with a conservative level of risk. This fund may be most appropriate for investors seeking to reduce market volatility or who have a shorter time period to invest.
Key Stats
- Total Net Assets
(all share classes)
As of {{ navAsOfDate }} - {{ totalNetAssets }} (millions)
- Inception Date1
- 02/05/2016
- Dividend Frequency
- Quarterly
- Benchmark
-
- {{ benchmark }}
Share class A
- CUSIP
- {{ identifiers.A.identifiers.CUSIP }}
- Ticker
- FNCAX
Share class C
- CUSIP
- {{ identifiers.C.identifiers.CUSIP }}
- Ticker
- FNCDX
Share Class Advisor
- CUSIP
- {{ identifiers.Z.identifiers.CUSIP }}
- Ticker
- FNCVX
Management
Thomas Nelson, CFA®
In industry since 1991, with
Franklin Templeton since 2007
Stephen Lingard, MBA, CFA®
In industry since 1994, with
Franklin Templeton since 2007
A Few More Words About Asset Allocation
While an asset allocation plan can be a valuable tool to help reduce overall volatility, all investments involve risks, including possible loss of principal. Because these funds invest in underlying funds, which may engage in a variety of investment strategies involving certain risks, the Franklin NextStep Funds are subject to those same risks. In addition, shareholders of the NextStep Funds will indirectly bear the fees and expenses of the underlying funds. The risks described herein are the principal risks of the Franklin NextStep Funds and the underlying funds. Typically, the more aggressive the investment, or the greater the potential return, the more risk involved. Generally, investors should be comfortable with some fluctuation in the value of their investments, especially over the short term. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in a fund adjust to a rise in interest rates, that fund's share price may decline. Foreign investing carries additional risks such as currency and market volatility and political or social instability; risks which are heightened in developing countries. Investments in derivatives involve costs and create economic leverage, which may result in significant volatility and cause the funds to participate in losses (as well as gains) that significantly exceed the funds' initial investment. These risks are described in the funds' prospectus. Investors should consult their financial advisor for help selecting the appropriate fund of funds, or fund combination, based on an evaluation of their investment objectives and risk tolerance.
- Effective June 15, 2016 the fund began offering Advisor Class shares. Performance quotations for this class have been calculated as follows: (a) for periods prior to June 15, 2016, a restated figure is used based on the fund's Class A performance, excluding the effect of Class A's maximum initial sales charge but reflecting the effect of the Class A Rule 12b-1 fees; and (b) for periods after June 15, 2016, actual Advisor Class performance is used, reflecting all charges and fees applicable to that class.
Franklin Nextstep Conservative fund portfolio1
| ASSET ALLOCATION
As of {{assetAllocation.asOfDate}} |
|---|
| GEOGRAPHIC BREAKDOWN ({{geographicBreakDown.breakdown.0.calcType}})
As of {{geographicBreakDown.asOfDate}} |
|---|
| TOP TEN HOLDINGS ({{topTenHoldings.holdings.0.calcType}})
As of {{topTenHoldings.asOfDate}} |
|---|
- Portfolio holdings are subject to change. The asset class and geographic breakdown of each underlying fund is based on its predominant investments under normal market conditions. Figures shown reflect certain derivatives held in the portfolio (or their underlying reference assets) and may not total 100% or may be negative due to rounding, use of derivatives, unsettled trades or other factors.
Franklin Nextstep Conservative fund performance
Share Class A
As Of {{performance.A.navAsOfDate}}
NAV1{{#navchange}}{{performance.A.navChange}}{{/navchange}}
POP2
Share Class C
As Of {{performance.C.navAsOfDate}}
NAV1{{#navchange}}{{performance.C.navChange}}{{/navchange}}
POP2
Share Class Advisor
As Of {{performance.Z.navAsOfDate}}
NAV1{{#navchange}}{{performance.Z.navChange}}{{/navchange}}
POP2
Average Annual total returns (%)
| Quarter End
As of {{dates.quarterlyAsOfDate}} | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Since inception {{dates.quarterlyInceptionDate}} |
|
|---|---|---|---|---|---|---|---|
| Share Class A | Without Sales Charge | {{performance.A.quarterlyYtdWithoutSalesCharge}} | {{performance.A.quarterly1YearWithoutSalesCharge}} | {{performance.A.quarterly3YearsWithoutSalesCharge}} | {{performance.A.quarterly5YearsWithoutSalesCharge}} | {{performance.A.quarterly10YearsWithoutSalesCharge}} | {{performance.A.quarterlySinceInceptionWithoutSalesCharge}} |
| With Sales Charge | {{performance.A.quarterlyYtdWithSalesCharge}} | {{performance.A.quarterly1YearWithSalesCharge}} | {{performance.A.quarterly3YearsWithSalesCharge}} | {{performance.A.quarterly5YearsWithSalesCharge}} | {{performance.A.quarterly10YearsWithSalesCharge}} | {{performance.A.quarterlySinceInceptionWithSalesCharge}} | |
| Share Class C | Without Sales Charge | {{performance.C.quarterlyYtdWithoutSalesCharge}} | {{performance.C.quarterly1YearWithoutSalesCharge}} | {{performance.C.quarterly3YearsWithoutSalesCharge}} | {{performance.C.quarterly5YearsWithoutSalesCharge}} | {{performance.C.quarterly10YearsWithoutSalesCharge}} | {{performance.C.quarterlySinceInceptionWithoutSalesCharge}} |
| With Sales Charge | {{performance.C.quarterlyYtdWithSalesCharge}} | {{performance.C.quarterly1YearWithSalesCharge}} | {{performance.C.quarterly3YearsWithSalesCharge}} | {{performance.C.quarterly5YearsWithSalesCharge}} | {{performance.C.quarterly10YearsWithSalesCharge}} | {{performance.C.quarterlySinceInceptionWithSalesCharge}} | |
| Share Class Advisor3 | – | – | – | – | – | – | |
| {{performance.A.bmName}} | {{performance.A.bmYtd}} | {{performance.A.bmQuarterlyAvgAnnual1Year}} | {{performance.A.bmQuarterlyAvgAnnual3Years}} | {{performance.A.bmQuarterlyAvgAnnual5Years}} | {{performance.A.bmQuarterlyAvgAnnual10Years}} | – |
| Month End
As of {{dates.monthlyAsOfDate}} | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Since inception {{dates.monthlyInceptionDate}} |
|
|---|---|---|---|---|---|---|---|
| Share Class A | Without Sales Charge | {{performance.A.monthlyYtdWithoutSalesCharge}} | {{performance.A.monthly1YearWithoutSalesCharge}} | {{performance.A.monthly3YearsWithoutSalesCharge}} | {{performance.A.monthly5YearsWithoutSalesCharge}} | {{performance.A.monthly10YearsWithoutSalesCharge}} | {{performance.A.monthlySinceInceptionWithoutSalesCharge}} |
| With Sales Charge | {{performance.A.monthlyYtdWithSalesCharge}} | {{performance.A.monthly1YearWithSalesCharge}} | {{performance.A.monthly3YearsWithSalesCharge}} | {{performance.A.monthly5YearsWithSalesCharge}} | {{performance.A.monthly10YearsWithSalesCharge}} | {{performance.A.monthlySinceInceptionWithSalesCharge}} | |
| Share Class C | Without Sales Charge | {{performance.C.monthlyYtdWithoutSalesCharge}} | {{performance.C.monthly1YearWithoutSalesCharge}} | {{performance.C.monthly3YearsWithoutSalesCharge}} | {{performance.C.monthly5YearsWithoutSalesCharge}} | {{performance.C.monthly10YearsWithoutSalesCharge}} | {{performance.C.monthlySinceInceptionWithoutSalesCharge}} |
| With Sales Charge | {{performance.C.monthlyYtdWithSalesCharge}} | {{performance.C.monthly1YearWithSalesCharge}} | {{performance.C.monthly3YearsWithSalesCharge}} | {{performance.C.monthly5YearsWithSalesCharge}} | {{performance.C.monthly10YearsWithSalesCharge}} | {{performance.C.monthlySinceInceptionWithSalesCharge}} | |
| Share Class Advisor3 | {{performance.Z.monthlyYtdWithSalesCharge}} | {{performance.Z.monthly1YearWithSalesCharge}} | {{performance.Z.monthly3YearsWithSalesCharge}} | {{performance.Z.monthly5YearsWithSalesCharge}} | {{performance.Z.monthly10YearsWithSalesCharge}} | {{performance.Z.monthlySinceInceptionWithSalesCharge}} | |
| {{performance.A.bmName}} | {{performance.A.bmYtd}} | {{performance.A.bmAvgAnnual1Year}} | {{performance.A.bmAvgAnnual3Years}} | {{performance.A.bmAvgAnnual5Years}} | {{performance.A.bmAvgAnnual10Years}} | – |
Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.
The blended benchmark for the Franklin NextStep Conservative Fund is 60% Bloomberg Barclays U.S. Aggregate Bond, 15% Bloomberg Barclays Multiverse exUSD (hedged to USD), 15% S&P 500, 10% MSCI ACWI ex U.S.
Sales Charges, Expenses & Fees
| Share Class A
As of {{dates.monthlyAsOfDate}} |
|
|---|---|
| Gross Expense Ratio4,5 | {{#us-charges}}{{ funds.A.charges.grossExpenseRatio }}{{/us-charges}} |
| Net Expense Ratio5 | {{#us-charges}}{{ funds.A.charges.netExpenseRatio }}{{/us-charges}} |
| Maximum Initial Sales Charge | {{#us-charges}}{{ funds.A.charges.maximumInitialSalesCharge }}{{/us-charges}} |
| Contingent Deferred Sales Charge | {{#us-charges}}{{charges.A.charges.CDSC}}{{/us-charges}}6 |
| Share Class C
As of {{dates.monthlyAsOfDate}} |
|
|---|---|
| Gross Expense Ratio4,5 | {{#us-charges}}{{ funds.C.charges.grossExpenseRatio }}{{/us-charges}} |
| Net Expense Ratio5 | {{#us-charges}}{{ funds.C.charges.netExpenseRatio }}{{/us-charges}} |
| Maximum Initial Sales Charge | {{#us-charges}}{{ funds.C.charges.maximumInitialSalesCharge }}{{/us-charges}} |
| Contingent Deferred Sales Charge | {{#us-charges}}{{charges.C.charges.CDSC}}{{/us-charges}} |
| Share Class Advisor
As of {{dates.monthlyAsOfDate}} |
|
|---|---|
| Gross Expense Ratio4,5 | {{#us-charges}}{{ funds.Z.charges.grossExpenseRatio }}{{/us-charges}} |
| Net Expense Ratio5 | {{#us-charges}}{{ funds.Z.charges.netExpenseRatio }}{{/us-charges}} |
| Maximum Initial Sales Charge | {{#us-charges}}{{ funds.Z.charges.maximumInitialSalesCharge }}{{/us-charges}} |
| Contingent Deferred Sales Charge | {{#us-charges}}{{ funds.Z.charges.CDSC }}{{/us-charges}} |
- Net Asset Value – The amount per share you would receive if you sold shares that day.
- Public Offering Price – Purchase price for each share of the fund on a given day. It includes the maximum initial sales charge, if any.
- Effective June 15, 2016 the fund began offering Advisor Class shares. Performance quotations for this class have been calculated as follows: (a) for periods prior to June 15, 2016, a restated figure is used based on the fund's Class A performance, excluding the effect of Class A's maximum initial sales charge but reflecting the effect of the Class A Rule 12b-1 fees; and (b) for periods after June 15, 2016, actual Advisor Class performance is used, reflecting all charges and fees applicable to that class.
- The fund has an expense reduction contractually guaranteed through September 30, 2018. Fund investment results reflect the expense reduction; without this reduction, the results would have been lower.
- The expense ratio for this fund includes estimated indirect expenses of its underlying funds. Annual fund operating expenses are based on estimated amounts for the current fiscal year.
- There is a 1% contingent deferred sales charge that applies to investments of $1 million or more and purchases by certain retirement plans without an initial sales charge.
Franklin Nextstep Conservative fund resources
Fund Literature
You need Adobe Acrobat Reader 6.0 or higher to view and print PDF documents. Download free version from Adobe's website.
Franklin Nextstep Moderate fund overview
About the fund
The fund is designed for investors seeking the highest level of long-term total return that is consistent with a moderate level of risk. This fund may be most appropriate for investors seeking long-term growth and a balanced approach to total return and risk.
Key Stats
- Total Net Assets
(all share classes)
As of {{ navAsOfDate }} - {{ totalNetAssets }} (millions)
- Inception Date1
- 02/05/2016
- Dividend Frequency
- Quarterly
- Benchmark
-
- {{ benchmark }}
Share class A
- CUSIP
- {{ identifiers.A.identifiers.CUSIP }}
- Ticker
- FNMDX
Share class C
- CUSIP
- {{ identifiers.C.identifiers.CUSIP }}
- Ticker
- FNMFX
Share Class Advisor
- CUSIP
- {{ identifiers.Z.identifiers.CUSIP }}
- Ticker
- FNMZX
Management
Thomas Nelson, CFA®
In industry since 1991, with
Franklin Templeton since 2007
Stephen Lingard, MBA, CFA®
In industry since 1994, with
Franklin Templeton since 2007
A Few More Words About Asset Allocation
While an asset allocation plan can be a valuable tool to help reduce overall volatility, all investments involve risks, including possible loss of principal. Because these funds invest in underlying funds, which may engage in a variety of investment strategies involving certain risks, the Franklin NextStep Funds are subject to those same risks. In addition, shareholders of the NextStep Funds will indirectly bear the fees and expenses of the underlying funds. The risks described herein are the principal risks of the Franklin NextStep Funds and the underlying funds. Typically, the more aggressive the investment, or the greater the potential return, the more risk involved. Generally, investors should be comfortable with some fluctuation in the value of their investments, especially over the short term. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in a fund adjust to a rise in interest rates, that fund's share price may decline. Foreign investing carries additional risks such as currency and market volatility and political or social instability; risks which are heightened in developing countries. Investments in derivatives involve costs and create economic leverage, which may result in significant volatility and cause the funds to participate in losses (as well as gains) that significantly exceed the funds' initial investment. These risks are described in the funds' prospectus. Investors should consult their financial advisor for help selecting the appropriate fund of funds, or fund combination, based on an evaluation of their investment objectives and risk tolerance.
- Effective June 15, 2016 the fund began offering Advisor Class shares. Performance quotations for this class have been calculated as follows: (a) for periods prior to June 15, 2016, a restated figure is used based on the fund's Class A performance, excluding the effect of Class A's maximum initial sales charge but reflecting the effect of the Class A Rule 12b-1 fees; and (b) for periods after June 15, 2016, actual Advisor Class performance is used, reflecting all charges and fees applicable to that class.
Franklin Nextstep Moderate fund portfolio1
| ASSET ALLOCATION
As of {{assetAllocation.asOfDate}} |
|---|
| GEOGRAPHIC BREAKDOWN ({{geographicBreakDown.breakdown.0.calcType}})
As of {{geographicBreakDown.asOfDate}} |
|---|
| TOP TEN HOLDINGS ({{topTenHoldings.holdings.0.calcType}})
As of {{topTenHoldings.asOfDate}} |
|---|
- Portfolio holdings are subject to change. The asset class and geographic breakdown of each underlying fund is based on its predominant investments under normal market conditions. Figures shown reflect certain derivatives held in the portfolio (or their underlying reference assets) and may not total 100% or may be negative due to rounding, use of derivatives, unsettled trades or other factors.
Franklin Nextstep Moderate fund performance
Share Class A
As Of {{performance.A.navAsOfDate}}
NAV1{{#navchange}}{{performance.A.navChange}}{{/navchange}}
POP2
Share Class C
As Of {{performance.C.navAsOfDate}}
NAV1{{#navchange}}{{performance.C.navChange}}{{/navchange}}
POP2
Share Class Advisor
As Of {{performance.Z.navAsOfDate}}
NAV1{{#navchange}}{{performance.Z.navChange}}{{/navchange}}
POP2
Average Annual total returns (%)
| Quarter End
As of {{dates.quarterlyAsOfDate}} | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Since inception {{dates.quarterlyInceptionDate}} |
|
|---|---|---|---|---|---|---|---|
| Share Class A | Without Sales Charge | {{performance.A.quarterlyYtdWithoutSalesCharge}} | {{performance.A.quarterly1YearWithoutSalesCharge}} | {{performance.A.quarterly3YearsWithoutSalesCharge}} | {{performance.A.quarterly5YearsWithoutSalesCharge}} | {{performance.A.quarterly10YearsWithoutSalesCharge}} | {{performance.A.quarterlySinceInceptionWithoutSalesCharge}} |
| With Sales Charge | {{performance.A.quarterlyYtdWithSalesCharge}} | {{performance.A.quarterly1YearWithSalesCharge}} | {{performance.A.quarterly3YearsWithSalesCharge}} | {{performance.A.quarterly5YearsWithSalesCharge}} | {{performance.A.quarterly10YearsWithSalesCharge}} | {{performance.A.quarterlySinceInceptionWithSalesCharge}} | |
| Share Class C | Without Sales Charge | {{performance.C.quarterlyYtdWithoutSalesCharge}} | {{performance.C.quarterly1YearWithoutSalesCharge}} | {{performance.C.quarterly3YearsWithoutSalesCharge}} | {{performance.C.quarterly5YearsWithoutSalesCharge}} | {{performance.C.quarterly10YearsWithoutSalesCharge}} | {{performance.C.quarterlySinceInceptionWithoutSalesCharge}} |
| With Sales Charge | {{performance.C.quarterlyYtdWithSalesCharge}} | {{performance.C.quarterly1YearWithSalesCharge}} | {{performance.C.quarterly3YearsWithSalesCharge}} | {{performance.C.quarterly5YearsWithSalesCharge}} | {{performance.C.quarterly10YearsWithSalesCharge}} | {{performance.C.quarterlySinceInceptionWithSalesCharge}} | |
| Share Class Advisor3 | – | – | – | – | – | – | |
| {{performance.A.bmName}} | {{performance.A.bmYtd}} | {{performance.A.bmQuarterlyAvgAnnual1Year}} | {{performance.A.bmQuarterlyAvgAnnual3Years}} | {{performance.A.bmQuarterlyAvgAnnual5Years}} | {{performance.A.bmQuarterlyAvgAnnual10Years}} | – |
| Month End
As of {{dates.monthlyAsOfDate}} | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Since inception {{dates.monthlyInceptionDate}} |
|
|---|---|---|---|---|---|---|---|
| Share Class A | Without Sales Charge | {{performance.A.monthlyYtdWithoutSalesCharge}} | {{performance.A.monthly1YearWithoutSalesCharge}} | {{performance.A.monthly3YearsWithoutSalesCharge}} | {{performance.A.monthly5YearsWithoutSalesCharge}} | {{performance.A.monthly10YearsWithoutSalesCharge}} | {{performance.A.monthlySinceInceptionWithoutSalesCharge}} |
| With Sales Charge | {{performance.A.monthlyYtdWithSalesCharge}} | {{performance.A.monthly1YearWithSalesCharge}} | {{performance.A.monthly3YearsWithSalesCharge}} | {{performance.A.monthly5YearsWithSalesCharge}} | {{performance.A.monthly10YearsWithSalesCharge}} | {{performance.A.monthlySinceInceptionWithSalesCharge}} | |
| Share Class C | Without Sales Charge | {{performance.C.monthlyYtdWithoutSalesCharge}} | {{performance.C.monthly1YearWithoutSalesCharge}} | {{performance.C.monthly3YearsWithoutSalesCharge}} | {{performance.C.monthly5YearsWithoutSalesCharge}} | {{performance.C.monthly10YearsWithoutSalesCharge}} | {{performance.C.monthlySinceInceptionWithoutSalesCharge}} |
| With Sales Charge | {{performance.C.monthlyYtdWithSalesCharge}} | {{performance.C.monthly1YearWithSalesCharge}} | {{performance.C.monthly3YearsWithSalesCharge}} | {{performance.C.monthly5YearsWithSalesCharge}} | {{performance.C.monthly10YearsWithSalesCharge}} | {{performance.C.monthlySinceInceptionWithSalesCharge}} | |
| Share Class Advisor3 | {{performance.Z.monthlyYtdWithSalesCharge}} | {{performance.Z.monthly1YearWithSalesCharge}} | {{performance.Z.monthly3YearsWithSalesCharge}} | {{performance.Z.monthly5YearsWithSalesCharge}} | {{performance.Z.monthly10YearsWithSalesCharge}} | {{performance.Z.monthlySinceInceptionWithSalesCharge}} | |
| {{performance.A.bmName}} | {{performance.A.bmYtd}} | {{performance.A.bmAvgAnnual1Year}} | {{performance.A.bmAvgAnnual3Years}} | {{performance.A.bmAvgAnnual5Years}} | {{performance.A.bmAvgAnnual10Years}} | – |
Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.
The blended benchmark for the Franklin NextStep Moderate Fund is 25% Bloomberg Barclays U.S. Aggregate Bond, 15% Bloomberg Barclays Multiverse exUSD (hedged to USD), 35% S&P 500, 25% MSCI ACWI ex U.S.
Sales Charges, Expenses & Fees
| Share Class A
As of {{dates.monthlyAsOfDate}} |
|
|---|---|
| Gross Expense Ratio4,5 | {{#us-charges}}{{ funds.A.charges.grossExpenseRatio }}{{/us-charges}} |
| Net Expense Ratio5 | {{#us-charges}}{{ funds.A.charges.netExpenseRatio }}{{/us-charges}} |
| Maximum Initial Sales Charge | {{#us-charges}}{{ funds.A.charges.maximumInitialSalesCharge }}{{/us-charges}} |
| Contingent Deferred Sales Charge | {{#us-charges}}{{charges.A.charges.CDSC}}{{/us-charges}}6 |
| Share Class C
As of {{dates.monthlyAsOfDate}} |
|
|---|---|
| Gross Expense Ratio4,5 | {{#us-charges}}{{ funds.C.charges.grossExpenseRatio }}{{/us-charges}} |
| Net Expense Ratio5 | {{#us-charges}}{{ funds.C.charges.netExpenseRatio }}{{/us-charges}} |
| Maximum Initial Sales Charge | {{#us-charges}}{{ funds.C.charges.maximumInitialSalesCharge }}{{/us-charges}} |
| Contingent Deferred Sales Charge | {{#us-charges}}{{charges.C.charges.CDSC}}{{/us-charges}} |
| Share Class Advisor
As of {{dates.monthlyAsOfDate}} |
|
|---|---|
| Gross Expense Ratio4,5 | {{#us-charges}}{{ funds.Z.charges.grossExpenseRatio }}{{/us-charges}} |
| Net Expense Ratio5 | {{#us-charges}}{{ funds.Z.charges.netExpenseRatio }}{{/us-charges}} |
| Maximum Initial Sales Charge | {{#us-charges}}{{ funds.Z.charges.maximumInitialSalesCharge }}{{/us-charges}} |
| Contingent Deferred Sales Charge | {{#us-charges}}{{ funds.Z.charges.CDSC }}{{/us-charges}} |
- Net Asset Value – The amount per share you would receive if you sold shares that day.
- Public Offering Price – Purchase price for each share of the fund on a given day. It includes the maximum initial sales charge, if any.
- Effective June 15, 2016 the fund began offering Advisor Class shares. Performance quotations for this class have been calculated as follows: (a) for periods prior to June 15, 2016, a restated figure is used based on the fund's Class A performance, excluding the effect of Class A's maximum initial sales charge but reflecting the effect of the Class A Rule 12b-1 fees; and (b) for periods after June 15, 2016, actual Advisor Class performance is used, reflecting all charges and fees applicable to that class.
- The fund has an expense reduction contractually guaranteed through September 30, 2018. Fund investment results reflect the expense reduction; without this reduction, the results would have been lower.
- The expense ratio for this fund includes estimated indirect expenses of its underlying funds. Annual fund operating expenses are based on estimated amounts for the current fiscal year.
- There is a 1% contingent deferred sales charge that applies to investments of $1 million or more and purchases by certain retirement plans without an initial sales charge.
Franklin Nextstep Moderate fund resources
Fund Literature
You need Adobe Acrobat Reader 6.0 or higher to view and print PDF documents. Download free version from Adobe's website.
Franklin Nextstep Growth fund overview
About the fund
The fund is designed for investors seeking the highest level of long-term total return that is consistent with a growth-oriented level of risk. This fund may be most appropriate for investors seeking strong long-term return potential and are more comfortable with a higher level of volatility - the ups and downs of the market.
Key Stats
- Total Net Assets
(all share classes)
As of {{ navAsOfDate }} - {{ totalNetAssets }} (millions)
- Inception Date1
- 02/05/2016
- Dividend Frequency
- Quarterly
- Benchmark
-
- {{ benchmark }}
Share class A
- CUSIP
- {{ identifiers.A.identifiers.CUSIP }}
- Ticker
- FNGBX
Share class C
- CUSIP
- {{ identifiers.C.identifiers.CUSIP }}
- Ticker
- FNGCX
Share Class Advisor
- CUSIP
- {{ identifiers.Z.identifiers.CUSIP }}
- Ticker
- FNGVX
Management
Thomas Nelson, CFA®
In industry since 1991, with
Franklin Templeton since 2007
Stephen Lingard, MBA, CFA®
In industry since 1994, with
Franklin Templeton since 2007
A Few More Words About Asset Allocation
While an asset allocation plan can be a valuable tool to help reduce overall volatility, all investments involve risks, including possible loss of principal. Because these funds invest in underlying funds, which may engage in a variety of investment strategies involving certain risks, the Franklin NextStep Funds are subject to those same risks. In addition, shareholders of the NextStep Funds will indirectly bear the fees and expenses of the underlying funds. The risks described herein are the principal risks of the Franklin NextStep Funds and the underlying funds. Typically, the more aggressive the investment, or the greater the potential return, the more risk involved. Generally, investors should be comfortable with some fluctuation in the value of their investments, especially over the short term. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in a fund adjust to a rise in interest rates, that fund's share price may decline. Foreign investing carries additional risks such as currency and market volatility and political or social instability; risks which are heightened in developing countries. Investments in derivatives involve costs and create economic leverage, which may result in significant volatility and cause the funds to participate in losses (as well as gains) that significantly exceed the funds' initial investment. These risks are described in the funds' prospectus. Investors should consult their financial advisor for help selecting the appropriate fund of funds, or fund combination, based on an evaluation of their investment objectives and risk tolerance.
- Effective June 15, 2016 the fund began offering Advisor Class shares. Performance quotations for this class have been calculated as follows: (a) for periods prior to June 15, 2016, a restated figure is used based on the fund's Class A performance, excluding the effect of Class A's maximum initial sales charge but reflecting the effect of the Class A Rule 12b-1 fees; and (b) for periods after June 15, 2016, actual Advisor Class performance is used, reflecting all charges and fees applicable to that class.
Franklin Nextstep Growth fund portfolio1
| ASSET ALLOCATION
As of {{assetAllocation.asOfDate}} |
|---|
| GEOGRAPHIC BREAKDOWN ({{geographicBreakDown.breakdown.0.calcType}})
As of {{geographicBreakDown.asOfDate}} |
|---|
| TOP TEN HOLDINGS ({{topTenHoldings.holdings.0.calcType}})
As of {{topTenHoldings.asOfDate}} |
|---|
- Portfolio holdings are subject to change. The asset class and geographic breakdown of each underlying fund is based on its predominant investments under normal market conditions. Figures shown reflect certain derivatives held in the portfolio (or their underlying reference assets) and may not total 100% or may be negative due to rounding, use of derivatives, unsettled trades or other factors.
Franklin Nextstep Growth fund performance
Share Class A
As Of {{performance.A.navAsOfDate}}
NAV1{{#navchange}}{{performance.A.navChange}}{{/navchange}}
POP2
Share Class C
As Of {{performance.C.navAsOfDate}}
NAV1{{#navchange}}{{performance.C.navChange}}{{/navchange}}
POP2
Share Class Advisor
As Of {{performance.Z.navAsOfDate}}
NAV1{{#navchange}}{{performance.Z.navChange}}{{/navchange}}
POP2
Average Annual total returns (%)
| Quarter End
As of {{dates.quarterlyAsOfDate}} | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Since inception {{dates.quarterlyInceptionDate}} |
|
|---|---|---|---|---|---|---|---|
| Share Class A | Without Sales Charge | {{performance.A.quarterlyYtdWithoutSalesCharge}} | {{performance.A.quarterly1YearWithoutSalesCharge}} | {{performance.A.quarterly3YearsWithoutSalesCharge}} | {{performance.A.quarterly5YearsWithoutSalesCharge}} | {{performance.A.quarterly10YearsWithoutSalesCharge}} | {{performance.A.quarterlySinceInceptionWithoutSalesCharge}} |
| With Sales Charge | {{performance.A.quarterlyYtdWithSalesCharge}} | {{performance.A.quarterly1YearWithSalesCharge}} | {{performance.A.quarterly3YearsWithSalesCharge}} | {{performance.A.quarterly5YearsWithSalesCharge}} | {{performance.A.quarterly10YearsWithSalesCharge}} | {{performance.A.quarterlySinceInceptionWithSalesCharge}} | |
| Share Class C | Without Sales Charge | {{performance.C.quarterlyYtdWithoutSalesCharge}} | {{performance.C.quarterly1YearWithoutSalesCharge}} | {{performance.C.quarterly3YearsWithoutSalesCharge}} | {{performance.C.quarterly5YearsWithoutSalesCharge}} | {{performance.C.quarterly10YearsWithoutSalesCharge}} | {{performance.C.quarterlySinceInceptionWithoutSalesCharge}} |
| With Sales Charge | {{performance.C.quarterlyYtdWithSalesCharge}} | {{performance.C.quarterly1YearWithSalesCharge}} | {{performance.C.quarterly3YearsWithSalesCharge}} | {{performance.C.quarterly5YearsWithSalesCharge}} | {{performance.C.quarterly10YearsWithSalesCharge}} | {{performance.C.quarterlySinceInceptionWithSalesCharge}} | |
| Share Class Advisor3 | – | – | – | – | – | – | |
| {{performance.A.bmName}} | {{performance.A.bmYtd}} | {{performance.A.bmQuarterlyAvgAnnual1Year}} | {{performance.A.bmQuarterlyAvgAnnual3Years}} | {{performance.A.bmQuarterlyAvgAnnual5Years}} | {{performance.A.bmQuarterlyAvgAnnual10Years}} | – |
| Month End
As of {{dates.monthlyAsOfDate}} | YTD | 1 YR | 3 YR | 5 YR | 10 YR | Since inception {{dates.monthlyInceptionDate}} |
|
|---|---|---|---|---|---|---|---|
| Share Class A | Without Sales Charge | {{performance.A.monthlyYtdWithoutSalesCharge}} | {{performance.A.monthly1YearWithoutSalesCharge}} | {{performance.A.monthly3YearsWithoutSalesCharge}} | {{performance.A.monthly5YearsWithoutSalesCharge}} | {{performance.A.monthly10YearsWithoutSalesCharge}} | {{performance.A.monthlySinceInceptionWithoutSalesCharge}} |
| With Sales Charge | {{performance.A.monthlyYtdWithSalesCharge}} | {{performance.A.monthly1YearWithSalesCharge}} | {{performance.A.monthly3YearsWithSalesCharge}} | {{performance.A.monthly5YearsWithSalesCharge}} | {{performance.A.monthly10YearsWithSalesCharge}} | {{performance.A.monthlySinceInceptionWithSalesCharge}} | |
| Share Class C | Without Sales Charge | {{performance.C.monthlyYtdWithoutSalesCharge}} | {{performance.C.monthly1YearWithoutSalesCharge}} | {{performance.C.monthly3YearsWithoutSalesCharge}} | {{performance.C.monthly5YearsWithoutSalesCharge}} | {{performance.C.monthly10YearsWithoutSalesCharge}} | {{performance.C.monthlySinceInceptionWithoutSalesCharge}} |
| With Sales Charge | {{performance.C.monthlyYtdWithSalesCharge}} | {{performance.C.monthly1YearWithSalesCharge}} | {{performance.C.monthly3YearsWithSalesCharge}} | {{performance.C.monthly5YearsWithSalesCharge}} | {{performance.C.monthly10YearsWithSalesCharge}} | {{performance.C.monthlySinceInceptionWithSalesCharge}} | |
| Share Class Advisor3 | {{performance.Z.monthlyYtdWithSalesCharge}} | {{performance.Z.monthly1YearWithSalesCharge}} | {{performance.Z.monthly3YearsWithSalesCharge}} | {{performance.Z.monthly5YearsWithSalesCharge}} | {{performance.Z.monthly10YearsWithSalesCharge}} | {{performance.Z.monthlySinceInceptionWithSalesCharge}} | |
| {{performance.A.bmName}} | {{performance.A.bmYtd}} | {{performance.A.bmAvgAnnual1Year}} | {{performance.A.bmAvgAnnual3Years}} | {{performance.A.bmAvgAnnual5Years}} | {{performance.A.bmAvgAnnual10Years}} | – |
Performance data represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.
The blended benchmark for the Franklin NextStep Growth Fund is 15% Bloomberg Barclays U.S. Aggregate Bond, 10% Bloomberg Barclays Multiverse exUSD (hedged to USD), 45% S&P 500, 30% MSCI ACWI ex U.S.
Sales Charges, Expenses & Fees
| Share Class A
As of {{dates.monthlyAsOfDate}} |
|
|---|---|
| Gross Expense Ratio4,5 | {{#us-charges}}{{ funds.A.charges.grossExpenseRatio }}{{/us-charges}} |
| Net Expense Ratio5 | {{#us-charges}}{{ funds.A.charges.netExpenseRatio }}{{/us-charges}} |
| Maximum Initial Sales Charge | {{#us-charges}}{{ funds.A.charges.maximumInitialSalesCharge }}{{/us-charges}} |
| Contingent Deferred Sales Charge | {{#us-charges}}{{charges.A.charges.CDSC}}{{/us-charges}}6 |
| Share Class C
As of {{dates.monthlyAsOfDate}} |
|
|---|---|
| Gross Expense Ratio4,5 | {{#us-charges}}{{ funds.C.charges.grossExpenseRatio }}{{/us-charges}} |
| Net Expense Ratio5 | {{#us-charges}}{{ funds.C.charges.netExpenseRatio }}{{/us-charges}} |
| Maximum Initial Sales Charge | {{#us-charges}}{{ funds.C.charges.maximumInitialSalesCharge }}{{/us-charges}} |
| Contingent Deferred Sales Charge | {{#us-charges}}{{charges.C.charges.CDSC}}{{/us-charges}} |
| Share Class Advisor
As of {{dates.monthlyAsOfDate}} |
|
|---|---|
| Gross Expense Ratio4,5 | {{#us-charges}}{{ funds.Z.charges.grossExpenseRatio }}{{/us-charges}} |
| Net Expense Ratio5 | {{#us-charges}}{{ funds.Z.charges.netExpenseRatio }}{{/us-charges}} |
| Maximum Initial Sales Charge | {{#us-charges}}{{ funds.Z.charges.maximumInitialSalesCharge }}{{/us-charges}} |
| Contingent Deferred Sales Charge | {{#us-charges}}{{ funds.Z.charges.CDSC }}{{/us-charges}} |
- Net Asset Value – The amount per share you would receive if you sold shares that day.
- Public Offering Price – Purchase price for each share of the fund on a given day. It includes the maximum initial sales charge, if any.
- Effective June 15, 2016 the fund began offering Advisor Class shares. Performance quotations for this class have been calculated as follows: (a) for periods prior to June 15, 2016, a restated figure is used based on the fund's Class A performance, excluding the effect of Class A's maximum initial sales charge but reflecting the effect of the Class A Rule 12b-1 fees; and (b) for periods after June 15, 2016, actual Advisor Class performance is used, reflecting all charges and fees applicable to that class.
- The fund has an expense reduction contractually guaranteed through September 30, 2018. Fund investment results reflect the expense reduction; without this reduction, the results would have been lower.
- The expense ratio for this fund includes estimated indirect expenses of its underlying funds. Annual fund operating expenses are based on estimated amounts for the current fiscal year.
- There is a 1% contingent deferred sales charge that applies to investments of $1 million or more and purchases by certain retirement plans without an initial sales charge.
Franklin Nextstep Growth fund resources
Fund Literature
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Important Legal Information
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
For more information on any of our funds, contact your financial advisor or download a free prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total Returns With Sales Charge: returns reflect the deduction of the stated sales charge. Total returns, distribution rate, and yields reflect any applicable expense reductions, without which the results for those impacted funds would have been lower.
This site is not intended to provide any tax, legal, or investment advice and nothing on this site should be construed as a recommendation for any security, strategy, or asset class. You are solely responsible for determining the suitability of an investment or strategy.
The funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance. In general, Class A shares have a maximum initial sales charge; Class C shares have a 1% contingent deferred sales charge.
Franklin Templeton Distributors, Inc.
For US residents only.
NOT FDIC INSURED ∗ MAY LOSE VALUE ∗ NO BANK GUARANTEE