TORONTO, May 24, 2018 /CNW/ - Franklin Templeton Investments Canada today announced changes to the risk ratings of certain funds due to the implementation of the new standardized Risk Classification Methodology mandated by the Canadian Securities Administrators (CSA). These risk rating changes are not the result of any alterations to the investment objectives, strategies or portfolio management of the funds.
Detailed in the table below, these rating changes will be reflected in the funds' annual prospectus renewal, which is expected to be filed on May 29, 2018.
| Fund Name |
Current |
New |
| Franklin ActiveQuant Canadian Fund Franklin ActiveQuant Canadian Corporate Class |
Low to Medium |
Medium |
| Franklin Bissett Canadian Balanced Fund Franklin Bissett Canadian Balanced Corporate Class |
Low |
Low to Medium |
| Franklin Bissett Canadian Dividend Fund Franklin Bissett Canadian Dividend Corporate Class |
Low to Medium |
Medium |
| Franklin Bissett Canadian Equity Fund Franklin Bissett Canadian Equity Corporate Class |
Low to Medium |
Medium |
| Franklin Bissett Microcap Fund |
Medium |
Medium to High |
| Franklin Bissett Monthly Income and Growth Fund |
Low |
Low to Medium |
| Franklin Bissett Small Cap Fund Franklin Bissett Small Cap Corporate Class |
Medium |
Medium to High |
| Franklin Mutual U.S. Shares Fund Franklin Mutual U.S. Shares Corporate Class |
Low to Medium |
Medium |
| Franklin Quotential Balanced Income Portfolio Franklin Quotential Balanced Income Corporate Class Portfolio |
Low |
Low to Medium |
| Franklin Quotential Diversified Equity Portfolio Franklin Quotential Diversified Equity Corporate Class Portfolio |
Low to Medium |
Medium |
| Franklin Strategic Income Fund |
Low |
Low to Medium |
| Franklin Templeton Canadian Large Cap Fund |
Low to Medium |
Medium |
| Franklin U.S. Monthly Income Hedged Corporate Class |
Low |
Low to Medium |
| Franklin U.S. Rising Dividends Hedged Corporate Class |
Low to Medium |
Medium |
| Templeton Asian Growth Fund Templeton Asian Growth Corporate Class |
Medium |
Medium to High |
| Templeton Emerging Markets Fund Templeton Emerging Markets Corporate Class |
Medium |
Medium to High |
Methodology
A summary of the CSA's revised Risk Classification 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 around May 30, 2018. The methodology is also available by calling our client service team at 1-800-387-0830 or sending an email to [email protected].
The risk rating for each fund is reviewed on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review. No material changes have been made to the investment objectives, strategies or management of these funds.
About Franklin Templeton Investments
Franklin Templeton Investments Corp. (known as Franklin Templeton Investments Canada) is a subsidiary of Franklin Resources, Inc. [NYSE: BEN]. Franklin Resources, Inc. is a global investment management organization operating as Franklin Templeton Investments, which provides 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, alternative and custom solutions. The company's more than 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in over 30 countries, the California-based company has 70 years of investment experience and over US$732 billion (C$940 billion) in assets under management as of April 30, 2018. For more information, please visit franklintempleton.ca.
Copyright © 2018. Franklin Templeton Investments. All rights reserved.
SOURCE Franklin Templeton Investments Corp.
Media contact: Sarah Kingdon, Corporate Communications, Franklin Templeton Investments, 416.957.6191
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