Franklin Templeton Investments Canada Announces Management Fee Reductions and Waiver Changes

– Also, name changes to be implemented for a Franklin fund and certain pools  –

TORONTO, May 30, 2018 /CNW/ - Franklin Templeton Investments Canada today announced management fee reductions and waiver changes on certain Franklin Bissett dividend-paying equity and fixed income funds, providing Canadians a variety of income investments at a lower cost.

"Many Canadians are continuing to look for sustainable yield at a low cost in this interest rate environment," said Duane Green, president and CEO, Franklin Templeton Investments Canada. "Franklin Bissett's dividend and fixed income line-up provides Canadians diversified solutions across the yield spectrum, now with lower cost options."

Management Fee Reductions and Waiver Changes

As detailed in the chart below, the following management fee reductions and/or management fee waiver changes, will take effect on the date specified:

			CURRENT			NEW
Fund Name	Series		Mgmt. Fee	Mgmt. Fee Waiver		Mgmt. Fee	Mgmt. Fee Waiver	Effective Date in 2018
Franklin Bissett Canadian Dividend Fund	F		0.90%	-		0.90%	-0.06%	June 1
	PF		0.75%	-		0.70%	-	July 1
	O*		0.90%	-		0.85%	-	July 1
Franklin Bissett Canadian Dividend Corporate Class	F		0.90%	-		0.90%	-0.06%	June 1
	FT		0.90%	-		0.90%	-0.06%	June 1
	PF		0.75%	-		0.70%	-	July 1
	O*		0.90%	-		0.85%	-	July 1
	OT*		0.90%	-		0.85%	-	July 1
Franklin Bissett Canadian Government Bond Fund	PF		0.40%	-		0.35%	-	July 1
	O* O** O***		0.50% 0.40% 0.30%	-		0.45% 0.35% 0.25%	-	July 1
Franklin Bissett Canadian Short Term Bond Fund	A		1.05%	-		1.00%	-	June 1
	F		0.55%	-		0.50%	-	June 1
	PF		0.50%	-		0.40%	-	July 1
	O* O** O***		0.60% 0.50% 0.40%	-		0.50% 0.40% 0.30%	-	July 1
Franklin Bissett  Core Plus Bond Fund	A		1.20%	-		1.10%	-	June 1
	F		0.70%	-0.12%		0.60%	-0.02%	June 1
Franklin Bissett Corporate Bond Fund	A		1.25%	-		1.15%	-	June 1
	F		0.75%	-		0.65%	-	June 1

Note: To be eligible to purchase Series O/OT, investors need to have a minimum C$200,000 of investable assets. The following three tier levels apply to investing in Series O/OT. Please see the prospectus for further details.

*This tier level is from C$200,000 up to C$2.5 million.
**This tier level is from C$2.5 million up to C$5 million.
***This tier level is for over C$5 million in investable assets.

Franklin Bissett Investment Management's* Calgary-based team provides investors with equity, fixed income and balanced strategies, giving Canadians investment options across various asset classes.

Name Changes

As detailed in the chart below, the following name changes will take place on June 1, 2018, to better reflect the focus of each fund or pool:

Current Name	New Name
Franklin U.S. Core Equity Fund	Franklin Select U.S. Equity Fund
FT Balanced Growth Pool	FT Balanced Growth Private Wealth Pool
FT Balanced Income Pool	FT Balanced Income Private Wealth Pool
FT Growth Pool	FT Growth Private Wealth Pool

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.

Connect with Franklin Templeton Investments Canada on Twitter, YouTube, Facebook and LinkedIn, and read the Beyond Bulls & Bears blog featuring perspectives from Franklin Templeton investment professionals around the world.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

*Franklin Bissett Investment Management is part of Franklin Templeton Investments Corp.

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

Related Links

http://www.franklintempleton.ca