TORONTO, May 24, 2019 /CNW/ - Franklin Templeton Canada today announced fee reductions for series PA, PF and O of Templeton Emerging Markets Fund and Templeton Emerging Markets Corporate Class, along with risk rating reductions for these funds. In addition, there will also be reduced risk ratings for 15 other Franklin Templeton mandates.
"For Canadians looking to access the growth potential of emerging market economies and add diversification to their portfolios, Templeton Emerging Markets Fund seeks to uncover investment opportunities in over 40 countries – with locally driven research – now at a lower cost for certain series," said Duane Green, president and CEO, Franklin Templeton Canada.
For Templeton Emerging Markets Fund and Templeton Emerging Markets Corporate Class, the administration fee for series PA and PF will be reduced on June 1, 2019, and the management fee for series O will be reduced on July 1, 2019, as detailed in the table below.
CURRENT |
NEW |
|||||
Series |
Mgmt. Fee |
Admin Fee |
Total |
Mgmt. Fee |
Admin Fee |
Total |
PA |
2.00 |
0.35 |
2.35 |
2.00 |
0.15 |
2.15 |
PF |
1.00 |
0.35 |
1.35 |
1.00 |
0.15 |
1.15 |
O* O** O*** |
1.35 1.20 1.15 |
- - - |
1.35 1.20 1.15 |
1.15 1.10 1.05 |
- - - |
1.15 1.10 1.05 |
*This tier level is from C$200,000 up to C$2.5 million in investable assets. |
Templeton Emerging Markets Fund is managed by Chetan Sehgal, senior managing director and director of portfolio management for Franklin Templeton Emerging Markets Equity, who has been with the firm for 24 years. He is supported by a global network of over 80 investment professionals in 16 countries, with over three decades of experience investing in emerging markets.
Risk Rating Reductions for Certain Funds
Detailed in the table below, these risk rating reductions will be reflected in the funds' respective annual prospectus renewal, which is expected to be filed on or about May 28, 2019. The reductions are not the result of any alternations to the investment objectives, strategies or portfolio management of the funds.
Fund Name |
Current Risk Rating |
New Risk Rating |
Franklin ActiveQuant Canadian Fund Franklin ActiveQuant Canadian Corporate Class |
Medium |
Low to Medium |
Franklin AcitveQuant U.S. Fund Franklin ActiveQuant U.S. Corporate Class |
Medium |
Low to Medium |
Franklin Bissett Canadian Balanced Fund Franklin Bissett Canadian Balanced Corporate Class |
Low to Medium |
Low |
Franklin Bissett Canadian Dividend Fund Franklin Bissett Canadian Dividend Corporate Class |
Medium |
Low to Medium |
Franklin Bissett Canadian Equity Fund Franklin Bissett Canadian Equity Corporate Class |
Medium |
Low to Medium |
Franklin Bissett Microcap Fund |
Medium to High |
Medium |
Franklin Bissett Monthly Income and Growth Fund |
Low to Medium |
Low |
Franklin Bissett Small Cap Fund Franklin Bissett Small Cap Corporate Class |
Medium to High |
Medium |
Franklin Mutual U.S. Shares Fund Franklin Mutual U.S. Shares Corporate Class |
Medium |
Low to Medium |
Franklin Quotential Balanced Income Portfolio Franklin Quotential Balanced Income Corporate Class Portfolio |
Low to Medium |
Low |
Franklin Quotential Diversified Equity Portfolio Franklin Quotential Diversified Equity Corporate Class Portfolio |
Medium |
Low to Medium |
Franklin Strategic Income Fund |
Low to Medium |
Low |
FT Balanced Growth Private Wealth Pool |
Low to Medium |
Low |
Templeton Asian Growth Fund Templeton Asian Growth Corporate Class |
Medium to High |
Medium |
Templeton Emerging Markets Fund Templeton Emerging Markets Corporate Class |
Medium to High |
Medium |
Templeton Global Smaller Companies Fund Templeton Global Smaller Companies Corporate Class |
Medium to High |
Medium |
Risk Classification Methodology
The methodology used to determine the risk rating of each fund is based on the Canadian Securities Administrators' (CSA) Risk Classification methodology. A summary of this methodology and the investment objectives and strategies of each mutual fund can be found in the fund's prospectus, which will become available on or about May 28, 2019. The methodology is also available by calling Franklin Templeton's client service team at 1-800-387-0830 or sending an email to [email protected]. In accordance with the standardized Risk Classification Methodology mandated by the CSA, Franklin Templeton reviews risk ratings annually, at a minimum, as well as when a fund undergoes a material change.
About Franklin Templeton
Franklin Templeton Investments Corp. (known as Franklin Templeton Canada) is a subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton. Franklin Templeton's goal is to deliver better outcomes by providing global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes, including equity, fixed income, alternatives and custom multi-asset solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the California-based company has more than 70 years of investment experience and over US$720 billion (C$965 billion) in assets under management as of April 30, 2019. For more information, please visit franklintempleton.ca.
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Copyright © 2019. Franklin Templeton. All rights reserved.
SOURCE Franklin Templeton Investments Corp.
Media Contact: Sarah Kingdon, Corporate Communications, Franklin Templeton, 416.957.6191, [email protected]
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