Franklin Templeton makes fund changes

Franklin Templeton Investments Canada has announced a management fee reduction for the Franklin Liberty Canadian Investment Grade Corporate ETF (FLCI). The fund’s management fee will be reduced to 0.35% from 0.40%, effective on May 1.

Risk rating changes

The risk ratings of the 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.

The risk rating for each ETF is reviewed annually, at minimum, as well as when the ETFs undergo a material change. No material changes have been made to the investment objectives, strategies or management of the ETFs.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.