TORONTO, May 17, 2023
/CNW/ - Franklin Templeton Canada today announced a fee
reduction for Franklin Quotential Growth Portfolio. Additionally,
risk rating changes for certain mutual funds and ETFs were
announced.
Fee Reduction
Effective July 1, 2023, the
management & administration fee for the first tier of series O
units of Franklin Quotential Growth Portfolio will be reduced as
detailed in the table below.
|
Series
|
Total
Management &
Administration Fee
%
|
Fee
Reduction
%
|
|
O1
|
0.85
|
-0.05
|
|
O2
|
0.80
|
n/a
|
|
O3
|
0.70
|
n/a
|
|
1 Applies to the first C$2.5
million invested in the fund.
|
|
2 Applies to the next C$2.5
million invested in the fund.
|
|
3 Applies to any amount in excess
of C$5 million in the fund.
|
Risk Rating Changes for Certain Funds and ETFs
The risk rating changes below that will take effect today,
May 17, 2023, will be reflected in
the renewed prospectus for each mutual fund and ETF.
These changes are a result of the firm's annual renewal process
and not the result of any alterations to the investment objectives,
strategies or management of the funds.
|
Fund and ETF
Name
|
Current
Risk Rating
|
New
Risk Rating
|
|
Franklin ActiveQuant
Canadian Fund
|
Low to
Medium
|
Medium
|
|
Franklin Bissett
Canadian Equity Fund
|
Low to
Medium
|
Medium
|
|
Franklin Brandywine
Global Sustainable Balanced Fund
|
Low
|
Low to
Medium
|
|
Franklin Innovation
Fund
|
Medium
|
Medium to
High
|
|
Franklin International
Multifactor Index ETF
|
Low to
Medium
|
Medium
|
|
Franklin Quotential
Balanced Income Portfolio
|
Low
|
Low to
Medium
|
|
Franklin U.S. Large Cap
Multifactor Index ETF
|
Low to
Medium
|
Medium
|
|
Franklin U.S.
Opportunities Fund
|
Medium
|
Medium to
High
|
|
FT Balanced Income
Private Wealth Pool
|
Low
|
Low to
Medium
|
|
Templeton Global Bond
Fund
|
Low
|
Low to
Medium
|
|
Templeton Growth
Fund
|
Low to
Medium
|
Medium
|
Investment Risk Classification Methodology
The methodology used to determine the risk rating of each mutual
fund or ETF is based on the Canadian Securities Administrators'
(CSA) Investment Risk Classification Methodology. A summary of this
methodology and the investment objectives and strategies of each
mutual fund or ETF can be found in the mutual funds' simplified
prospectus or the ETFs' prospectus. The methodology is also
available by contacting Franklin Templeton
Canada's client service team at 1-800-387-0830 or
service@franklintempleton.ca.
In accordance with the standardized Investment Risk
Classification Methodology mandated by the CSA, Franklin Templeton Canada reviews risk ratings
annually, at a minimum, as well as when a mutual fund or ETF
undergoes a material change.
About Franklin
Templeton
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization with subsidiaries operating as Franklin Templeton and serving clients in over
155 countries. In Canada, the company's subsidiary is Franklin
Templeton Investments Corp., which operates as Franklin Templeton Canada. Franklin Templeton's mission is to help clients
achieve better outcomes through investment management expertise,
wealth management and technology solutions. Through its specialist
investment managers, the company offers specialization on a global
scale, bringing extensive capabilities in fixed income, equity,
alternatives and multi-asset solutions. With offices in more than
30 countries and approximately 1,300 investment professionals, the
California-based company has over
75 years of investment experience and approximately US$1.4 trillion (approximately CAN$1.9 trillion)
in assets under management as of April 30,
2023. For more information, please visit
franklintempleton.ca and connect with Franklin Templeton on Twitter, Facebook and
LinkedIn, and read the Beyond Bulls & Bears blog.
Commissions, trailing commissions, management fees, brokerage
fees and expenses may be associated with investments in mutual
funds and ETFs. Please read the prospectus and fund facts/ETF facts
document before investing. Mutual funds and ETFs are not
guaranteed. Their values change frequently. Past performance may
not be repeated.
Copyright © 2023. Franklin Templeton. All rights
reserved.
SOURCE Franklin Templeton Investments Corp.