Fee reductions and series consolidations announced for certain funds
"One of the pioneers in the multi-asset category, the Franklin Quotential Program offers a range of target risk portfolios that are actively managed to seize investment opportunities while closely managing risk, now with lower fees," said
Fee reductions
Details of the management and administration fee reductions, which took effect
NEW FEES | FEE | |||||||
Fund | Series | Mgmt. | Admin. | Total | Total | |||
A | 0.80 | 0.10 | 0.90 | -0.20 | ||||
F | 0.30 | 0.10 | 0.40 | -0.20 | ||||
I | 0.80 | 0.10 | 0.90 | -0.20 | ||||
O1 | - | - | 0.40 | -0.20 | ||||
O2 | - | - | 0.35 | -0.15 | ||||
O3 | - | - | 0.30 | -0.10 | ||||
Franklin Quotential Balanced Growth Portfolio | A / T | 1.70 | 0.15 | 1.85 | -0.29 | |||
F / FT | 0.70 | 0.15 | 0.85 | -0.29 | ||||
Franklin Quotential Balanced Income Portfolio | A / T | 1.65 | 0.15 | 1.80 | -0.15 | |||
F / FT | 0.65 | 0.15 | 0.80 | -0.15 | ||||
Franklin Quotential Diversified Equity Portfolio | A / T | 1.80 | 0.15 | 1.95 | -0.45 | |||
F / FT | 0.80 | 0.15 | 0.95 | -0.45 | ||||
T-USD | 1.80 | 0.15 | 1.95 | -0.42 | ||||
Franklin Quotential Diversified Income Portfolio | A / T | 1.40 | 0.15 | 1.55 | -0.27 | |||
F / FT | 0.65 | 0.15 | 0.80 | -0.16 | ||||
T-USD | 1.40 | 0.15 | 1.55 | -0.27 | ||||
Franklin Quotential Growth Portfolio | A / T | 1.70 | 0.15 | 1.85 | -0.40 | |||
F / FT | 0.70 | 0.15 | 0.85 | -0.40 | ||||
PA / PT | 1.70 | 0.15 | 1.85 | -0.05 | ||||
PF / PFT | 0.70 | 0.15 | 0.85 | -0.05 | ||||
1. This tier level is from |
Series consolidations
As of the close of business on
In addition, the high-net-worth series for all Franklin Quotential Portfolios will be consolidated on a tax-deferred basis into the corresponding retail series on the same date, as detailed in the chart below.
Fund | Series | Continuing |
Franklin Quotential Balanced Growth Portfolio | PA | A |
PF | F | |
PFT | FT | |
PT | T | |
Franklin Quotential Balanced Income Portfolio | PA | A |
PF | F | |
PFT | FT | |
PT | T | |
Franklin Quotential Diversified Equity Portfolio | PA | A |
PF | F | |
PFT | FT | |
PT | T | |
PT-USD | T-USD | |
Franklin Quotential Diversified Income Portfolio | PA | A |
PF | F | |
PFT | FT | |
PT | T | |
PT-USD | T-USD | |
Franklin Quotential Growth Portfolio | PA | A |
PF | F | |
PFT | FT | |
PT | T |
All of the series being consolidated into other series will be closed to new investments, as of the close of business on
Investors are encouraged to speak to their financial advisor about these changes. Franklin Templeton's client service team is also available at 1-800-387-0830 or service@franklintempleton.ca.
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