Franklin Templeton Investments Canada Announces Management Fee Reductions and Waiver Changes Français
– 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. |
Mgmt. Fee |
Mgmt. |
Mgmt. Fee |
Effective |
||||
Franklin Bissett Canadian |
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
|
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 |
PF |
0.40% |
- |
0.35% |
- |
July 1 |
||||
O* |
0.50% |
- |
0.45% |
- |
July 1 |
|||||
Franklin Bissett Canadian |
A |
1.05% |
- |
1.00% |
- |
June 1 |
||||
F |
0.55% |
- |
0.50% |
- |
June 1 |
|||||
PF |
0.50% |
- |
0.40% |
- |
July 1 |
|||||
O* |
0.60% |
- |
0.50% |
- |
July 1 |
|||||
Franklin Bissett |
A |
1.20% |
- |
1.10% |
- |
June 1 |
||||
F |
0.70% |
-0.12% |
0.60% |
-0.02% |
June 1 |
|||||
Franklin Bissett |
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. |
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.
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Media contact: Sarah Kingdon, Corporate Communications, Franklin Templeton Investments, 416.957.6191
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