NJ Better Ed Sav Tr Franklin Templeton 529 Clg Svg Pl - Franklin Growth Allocation 19+ years
FTFPX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 California Street San Francisco CA United States of America 94111
- IPO Date
- Jul 16, 2021
- CIK
- 0001268211
- Website
- franklintempleton.com
- Similar Companies
- Business
- NJ Better Ed Sav Tr Franklin Templeton 529 Clg Svg Pl - Franklin Growth Allocation 19+ years (FTFPX) operates as a unit class within the New Jersey Better Educational Savings Trust (NJBEST) 529 College Savings Plan, managed by Franklin Templeton through Franklin Distributors, LLC as program manager and Franklin Mutual Advisers, LLC as investment adviser; the plan, established by the State of New Jersey and administered by the New Jersey Higher Education Student Assistance Authority (HESAA), offers tax-advantaged savings for qualified education expenses including higher education tuition, fees, books, supplies, and certain K-12 and postsecondary credentialing costs. Core products and services encompass 22 investment portfolios utilizing mutual funds, ETFs, and institutional separate accounts, including age-based Target Enrollment Portfolios (such as Franklin Target 2026 to 2041 529 Portfolios with equity allocations gliding from conservative to aggressive), three objective-based asset allocation portfolios (Franklin Aggressive Growth Allocation 529 Portfolio - FAUCX, Franklin Growth Allocation 529 Portfolio - FAOVX, Franklin Moderate Growth Allocation 529 Portfolio - FAVJX), and individual fund options like Franklin U.S. Government Money 529 Portfolio, Putnam Large Cap Growth 529 Portfolio, and iShares Core MSCI EAFE ETF 529 Portfolio; FTFPX specifically represents the Franklin Growth Allocation 19+ years portfolio (recently renamed Franklin Target Enrolled 529 Portfolio), targeting investors with longer horizons through approximately 80% equity and 20% fixed-income allocation via underlying Franklin Templeton funds. The plan serves New Jersey residents primarily (with state tax deductions up to $10,000 annually) but accepts nationwide participation under eligibility rules, headquartered in Trenton, New Jersey, with operations through Franklin Templeton in San Mateo, California; it features Ugift for third-party contributions, online account management, and a $305,000 maximum account balance per beneficiary. Recent major changes include the November 18, 2024 renaming of Franklin Growth Allocation Age 19+ Years 529 Portfolio to Franklin Target Enrolled 529 Portfolio and related investment enhancements; upcoming launches on or about January 16, 2026 of Franklin Target 2043 and 2045 529 Portfolios with 70% U.S. equity and 30% non-U.S. equity targets; November 2025 updates to the underlying money market fund name and qualified expense limits (e.g., K-12 cap rising to $20,000 post-2025); and 2024/2025 'Top of the Class' awards from Saving for College recognizing performance, fees, and usability. Franklin Templeton was reselected as program manager in recent contract extensions, maintaining low program management fees of 0.10% (down from prior levels), with total asset-based expenses for FTFPX around 0.25%.