Footnotes

1. The inception date of each class of shares of each portfolio is the date on which the class of shares was first funded, except that for Advisor Class shares, the inception date is the date on which Class A shares was first funded.
2. Plan fees, expenses and sales charges are subject to change. Underlying fund expenses will vary and in some cases have been reduced by fee and expense waivers or reimbursements, which may be ended at any time reducing future performance.
3. An investment in Franklin Templeton 529 College Savings Plan is an investment in a municipal security that may invest in one or more underlying mutual funds. It is not an investment in shares of the underlying mutual fund(s).
4. 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.
5. Net Asset Value - The amount per share you would receive if you sold shares that day.
6. Public Offering Price - Purchase price for each share on a given day. It includes the maximum initial sales charge, if any.
7. Performance of Class A Trust Shares prior to 3/1/19 for Franklin Income Allocation 529 Portfolio, Franklin Income 529 Portfolio and Templeton Global Bond 529 Portfolio reflects a maximum initial sales charge of 4.25%; while performance since that date reflects the current maximum initial sales charge of 3.75%.??Performance of Class A Trust Shares prior to 2/3/20 for the following portfolios reflects an initial sales charge of 5.50%: Age 9 - 10 Years, Age 11 - 12 Years, Age 13 - 14 Years, and Age 15 - 16 Years of the Franklin Age-Based Conservative Allocation Portfolios; Age 13 - 14 Years, Age 15 - 16 Years, Age 17 - 18 Years, and Age 19+ Years of the Franklin Age-Based Moderate Allocation Portfolios; and Age 17 - 18 Years and Age 19+ Years of the Franklin Age-Based Growth Allocation Portfolios; such performance since that date reflects the current maximum initial sales charge of 3.75%. Performance prior to 2/3/20 for Age 17 - 18 Years and Age 19+ Years of the Franklin Age-Based Conservative Allocation Portfolio reflects a maximum initial sales charge of 5.50%; performance since that date reflects the current maximum initial sales charge of 2.25%.