Franklin Templeton Investments Canada Announces Management Fee Reduction and Risk Rating Changes for Certain Franklin LibertyShares® ETFs
TORONTO, April 9, 2018 /CNW/ - Franklin Templeton Investments Canada today announced a management fee reduction for Franklin Liberty Canadian Investment Grade Corporate ETF (FLCI) to provide Canadians with an actively managed, investment grade corporate ETF at a lower cost. The management fee of FLCI will be reduced to 0.35 per cent, effective on May 1, 2018.
Risk Rating Changes
The risk ratings of Franklin LibertyQT Global Dividend Index ETF (FLGD) and Franklin LibertyQT U.S. Equity Index ETF (FLUS) will be changed.
Detailed in the table below, these changes are reflected in the ETFs' annual prospectus renewal, which was filed on April 9, 2018.
| Fund Name |
Ticker |
2017 |
2018 |
| Franklin LibertyQT Global Dividend Index ETF |
FLGD |
Medium |
Low to Medium |
| Franklin LibertyQT U.S. Equity Index ETF |
FLUS |
Medium |
Low to Medium |
Risk Classification Methodology
A summary of the Canadian Securities Administrators' (CSA) Risk Classification Methodology and the investment objectives and strategies of each ETF can be found in the ETF's prospectus, available at franklintempleton.ca. The methodology is also available by calling 1-800-387-0830 or by sending an email to [email protected].
The risk rating for each ETF is reviewed at a minimum on an annual basis, as well as when an ETF undergoes a material change. These changes are a result of the annual review. No material changes have been made to the investment objectives, strategies or management of these ETFs.
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$744 billion (C$955 billion) in assets under management as of February 28, 2018. For more information, please visit franklintempleton.ca.
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Commissions, management fees and expenses may all be associated with investments in ETFs. Investors should carefully consider an ETF's investment objectives and strategies, risks, fees and expenses before investing. The prospectus and ETF facts contain this and other information. Please read the prospectus and ETF facts carefully before investing. ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns. Performance of an ETF may vary significantly from the performance of an index, as a result of transaction costs, expenses and other factors. ETFs are not guaranteed, their values change frequently and past performance may not be repeated.
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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