Series and Classes/Contracts Information:
| Existing | |||
| Status | Name | Ticker Symbol | |
| CIK 0001022804 | |||
| Series S000049454 | Franklin Payout 2019 Fund | ||
| Class/Contract C000156347 | Class R6 | FPOEX | |
| Class/Contract C000156348 | Advisor Class | FPOFX | |
| Status | Name | Ticker Symbol | |
| CIK 0001022804 | |||
| Series S000049455 | Franklin Payout 2020 Fund | ||
| Class/Contract C000156349 | Class R6 | FPOGX | |
| Class/Contract C000156350 | Advisor Class | FPOHX | |
| Status | Name | Ticker Symbol | |
| CIK 0001022804 | |||
| Series S000049456 | Franklin Payout 2021 Fund | ||
| Class/Contract C000156351 | Advisor Class | FPOMX | |
| Class/Contract C000156352 | Class R6 | FPOJX | |
| Status | Name | Ticker Symbol | |
| CIK 0001022804 | |||
| Series S000049457 | Franklin Payout 2022 Fund | ||
| Class/Contract C000156353 | Class R6 | FPONX | |
| Class/Contract C000156354 | Advisor Class | FPOQX | |
| Status | Name | Ticker Symbol | |
| CIK 0001022804 | |||
| Series S000052797 | Franklin NextStep Conservative Fund | ||
| Class/Contract C000165854 | Class A | FNCAX | |
| Class/Contract C000165855 | Class C | FNCDX | |
| Class/Contract C000172220 | Advisor Class | FNCVX | |
| Status | Name | Ticker Symbol | |
| CIK 0001022804 | |||
| Series S000052798 | Franklin NextStep Moderate Fund | ||
| Class/Contract C000165856 | Class A | FNMDX | |
| Class/Contract C000165857 | Class C | FNMFX | |
| Class/Contract C000172221 | Advisor Class | FNMZX | |
| Status | Name | Ticker Symbol | |
| CIK 0001022804 | |||
| Series S000052799 | Franklin NextStep Growth Fund | ||
| Class/Contract C000165858 | Class A | FNGBX | |
| Class/Contract C000165859 | Class C | FNGCX | |
| Class/Contract C000172222 | Advisor Class | FNGVX | |
IRS No.: 000000000 | State of Incorp.: DE | Fiscal Year End: 1231
Type: N-CSR | Act: 40 | File No.: 811-07851 | Film No.: 191001874
