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Brochure - Franklin 529 College Savings Plan - Program Description
Flyer - Franklin 529 College Savings Plan Allocation and Expense Information
Flyer - Franklin 529 College Savings Plan Portfolio Performance Update
Risks
Important Information
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all fund expenses. Returns for periods of less than one year are not annualized. All classes of shares may not be available to all investors or through all distribution channels. For current month-end performance, please call Franklin Templeton at (800) DIAL BEN/(800) 342-5236 or visit www.franklintempleton.com.
Investors should carefully consider the 529 plan’s investment goals, risks, charges and expenses before investing. To obtain the Program Description, which contains this and other information, talk to your financial professional or call Franklin Distributors, LLC, the manager and underwriter for the 529 plan at (800) DIAL BEN/342-5236 or visit franklintempleton.com. You should read the Program Description carefully before investing and consider whether your, or the beneficiary’s, home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in its qualified tuition program.
Franklin Templeton's 529 College Savings Plan is offered and administered by the New Jersey Higher Education Student Assistance Authority (HESAA); managed and distributed by Franklin Distributors, LLC, an affiliate of Franklin Resources, Inc., which operates as Franklin Templeton.
Investments in Franklin Templeton’s 529 College Savings Plan are not insured by the FDIC or any other government agency and are not deposits or other obligations of any depository institution. Investments are not guaranteed by the State of New Jersey, Franklin Templeton, or its affiliates and are subject to risks, including loss of principal amount invested. Investing in the plan does not guarantee admission to any particular primary, secondary school or college, or sufficient funds for primary, secondary school or college.
This material is being provided for general informational and should not be considered or relied upon as legal, tax or investment advice or an investment recommendation, or as a substitute for legal or tax counsel and provided for educational and informational purposes only. Franklin Templeton does not provide legal or tax advice. Federal and state laws and regulations are complex and subject to change, which can materially impact your results. Franklin Templeton cannot guarantee that such information is accurate, complete or timely; and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information.
Most 529 portfolios offer multiple share class options. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the Program Description. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Program Description for additional information.
Effective November 18, 2024, there were investment-related enhancements. Please see Program Description for detailed information.
The MSCI EAFE Index is a free float-adjusted market capitalization-weighted index designed to measure developed market equity performance, excluding the U.S. and Canada.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
The S&P 500 Index features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization.
Source: © S&P Dow Jones Indices LLC. All rights reserved.
Footnotes
Net Asset Value - the amount per share you would receive if you sold shares that day. NAV Change indicates a change in the Net Asset Value from the previous business day.
Public Offering Price – the purchase price for each share of the fund on a given day. It includes the maximum initial sales charge, if any.
Figures are aggregate total return figures, have not been annualized and represent the change in value of an investment over the period indicated.
The Blended Benchmark is a comparison benchmark for the performance of the Fund, calculated using blended returns of indices that proportionally reflect the respective weightings of the Fund's asset classes. These benchmarks include reinvested dividends and capital gains, if any. The index weightings may be adjusted periodically to reflect the Portfolio's changing asset allocation. The additional benchmarks are components of the blended benchmark.
Estimated Underlying Fund Expense Ratio - annual expenses of the share class or units of the underlying investments in which Plan portfolios invest. Underlying fund expenses will vary and, in some cases, have been reduced by fee and expense waivers or reimbursements, which may be modified or discontinued at any time, resulting in lower returns. There also may be brokerage fees associated with the purchase or sale of some Underlying Funds such as ETFs that also affect the investment return on amounts invested under the applicable Investment Option.
Program Fee - a total Program fee of 25 basis points (0.25 percent) per annum assessed daily against the assets of each portfolio except the Franklin U.S. Government Money 529 Portfolio. Though that fee is currently not imposed for the Franklin U.S. Government Money 529 Portfolio, it may be imposed in whole or in part at any time, increasing expenses and reducing performance. The Program fee, which is subject to change by HESAA, provides compensation for the services of Franklin Distributors, Franklin Mutual Advisers and other affiliates of Franklin Distributors and includes the Authority Administrative Fee which compensates HESAA for its program services.
Annual Sales Fee - current annual sales fees of 25 basis points (0.25 percent) per annum for Class A Shares and 100 basis points (1.00 percent) per annum for Class C Shares, assessed in each case against the allocable assets of the applicable Trust Portfolio except for the Franklin U.S. Government Money 529 Portfolio, which is not currently being assessed sales charges. After 6 years from the applicable purchase, Class C Shares convert to Class A Shares and the Annual Sales Fee declines to 0.25%.
Total Annual Asset Based Fee - annual expenses of the share classes of the underlying funds in which Plan portfolios invest. This fee also includes the Program fee and applicable Annual Sales fee.
For net asset value (NAV) purchases, a 1% contingent deferred sales charge (CDSC) may apply to shares redeemed within 18 months.
Average Annual Total Returns shown "with sales charges" are net of the following: (1) the current annual program fee of 0.25% of plan portfolio assets; (2) the current annual sales fees of 0.25% for Class A Trust Shares and 1.00% for Class C Trust shares (not applicable for Advisor Class); (3) initial sales charges up to 3.75% (Class A) or 1.00% CDSC for periods one year or less (Class C); and (4) annual expenses of the share classes of the underlying mutual funds and ETFs in which Plan portfolios invest, currently up to 1.00% of assets. Effective July 10, 2017, Trust Portfolios began offering Advisor Class shares. For periods prior to July 10, 2017, a restated figure is used based on each Trust Portfolio's Class A performance, excluding the effect of Class A's maximum initial sales charge but reflecting the effect of the Class A sales fees; and for periods after July 10, 2017, actual Advisor Class performance is used, reflecting all charges and fees applicable to that class.