Franklin NextStep Growth Fund Advisor Class (FNGVX)
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Franklin NextStep Growth Fund Advisor Class
Franklin Templeton Fund Allocator Series
One Franklin Parkway
San Mateo, CA 94403-1906
800-342-5236
Management information
Thomas Nelson,Lead manager since 4 February 2016
Thomas Nelson is the director of portfolio management and a senior vice president for Franklin Templeton Multi-Asset Solutions (FTMAS). He graduated from the University of Delaware with a B.S. in accounting. As the director of portfolio management and a member of the Investment Strategy and Research Committee, Mr. Nelson manages several Franklin Templeton global mutual funds. He is also a chartered member of the CFA Institute and part of the New York Society of Security Analysts and Chartered Alternative Investment Analyst Association.
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.
Fund overview
CategoryAllocation--70% to 85% Equity
Fund familyFranklin Templeton Investments
Net assets6.14M
YTD return-3.06%
Yield1.82%
Morningstar rating★★★★
Inception date14 June 2016
Fund operations
Last dividend0.02
Last cap gain0.00
Holdings turnover36.43%
Average for categoryN/A
Fees and expenses
ExpenseFNGVXCategory average
Annual report expense ratio (net)0.78%0.71%
Prospectus net expense ratio0.78%N/A
Prospectus gross expense ratio2.35%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A4.99%
Max deferred sales loadN/A1.43%
3-yr expense projection583N/A
5-yr expense projection1,112N/A
10-yr expense projection2,565N/A
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