Franklin Templeton Investments Canada Introduces Embedded Fee Series with Preferred Pricing

From Franklin Templeton Investments
Contact Sarah Kingdon, Corporate Communications
Telephone 416.957.6191

TORONTO, January 25, 2019 – Franklin Templeton Investments Canada today introduced four new embedded fee series – Series PA, PA (Hedged), PT and PT-USD – with preferred pricing and daily auto-switching for commission-based investors and advisors.

“We continue to look for ways to simplify our pricing structure,” said Duane Green, president and CEO, Franklin Templeton Investments Canada. “This new preferred pricing ensures that commission-based advisors always have their clients in the lowest priced option that they qualify for.”

Features of the new embedded fee series include:

  • Clients will automatically be switched from Series A, A (Hedged), T and T-USD (“retail series”) to their respective lower fee option of Series PA, PA (Hedged), PT and PT-USD (“preferred series”) upon meeting the minimum investment eligibility criteria of $200,000.
  • Account linking is available across related accounts to help clients achieve this minimum more quickly, by allowing the linking of accounts for relatives extending beyond the parameters of a single household.

A chart detailing the lower fees and savings from switching to the new embedded fee series is available on franklintempleton.ca. Auto-switches do not incur fees or trigger any taxable event.

If a client no longer meets the eligibility criteria for the preferred series, their funds may be auto-switched into a series that has a higher management and administration fee, but they will not be switched into a series with fees that exceed those of the respective retail series.

When a fund is auto-switched into a preferred series from its respective retail series, a client will not receive a Fund Facts. Clients can request a Fund Facts any time by contacting our team at 1-800-387-0830 or service@franklintempleton.ca to have one sent to them at no cost. Fund Facts are also available on franklintempleton.ca and on the SEDAR website at sedar.com.

A client will not have the right to withdraw from the purchase in the case of auto-switching, but their right of action for damages or rescission remains in the event that a Fund Facts or document incorporated by reference into a simplified prospectus for the relevant series contains a misrepresentation, whether or not a client requests a Fund Facts.

Franklin Templeton's Simplicity Pricing offers a variety of features for commission- and fee-based investors and advisors, including preferred pricing on a broad line-up of mutual funds, which can be easily accessed with account linking.

About Franklin Templeton
Franklin Templeton Investments Corp. (known as Franklin Templeton Investments Canada) is a subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton. Franklin Templeton’s goal is to deliver better outcomes by providing 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, alternatives and custom multi-asset solutions. The company’s more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With employees in over 30 countries, the California-based company has more than 70 years of investment experience and over US$649 billion (over C$887 billion) in assets under management as of December 31, 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.