In line with its pricing changes implemented at earlier this year, Franklin Templeton Investments Corp. has introduced Series M. It offers Canadian investors a new option for high net worth pricing in a fee-based model. This new fee-for-service series offers preferred pricing for a selection of mutual funds across a range of asset classes.
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“We are very excited to launch Series M for Canadian investors, as many are increasingly opting to transition to a fee-based relationship with their advisor,” says Philip Bensen, head of National Sales – Canada for Franklin Templeton Investments. “Series M offers further fee reductions relative to our existing fee-for-service Series F.”
At a minimum investment threshold of $100,000 based on total household assets, Series M gives advisors and their clients a way to build portfolios from 13 investment options, covering a variety of asset classes.
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The following funds are available in Series M:
Fund name | Management
Fee |
Fixed Rate
Administration Fee |
||||
FIXED INCOME | ||||||
Franklin Bissett Corporate Bond Fund | 0.45% | 0.15% | ||||
Templeton Global Bond Fund | 0.65% | 0.22% | ||||
BALANCED | ||||||
Franklin Quotential Diversified Income Corporate Class Portfolio | 0.63% | 0.17% | ||||
Franklin Quotential Balanced Growth Corporate Class Portfolio | 0.65% | 0.24% | ||||
Franklin Bissett Canadian Balanced Corporate Class | 0.60% | 0.19% | ||||
Franklin Bissett Dividend Income Corporate Class | 0.70% | 0.16% | ||||
Templeton Global Balanced Fund | 0.65% | 0.23% | ||||
EQUITY | ||||||
Franklin Bissett Canadian Equity Corporate Class | 0.65% | 0.23% | ||||
Franklin Bissett Canadian High Dividend Corporate Class | 0.75% | 0.25% | ||||
Franklin U.S. Rising Dividends Corporate Class | 0.65% | 0.28% | ||||
Franklin Global Small-Mid Cap Fund | 0.75% | 0.30% | ||||
Templeton Growth Corporate Class | 0.60% | 0.35% | ||||
Franklin Mutual Global Discovery Corporate Class | 0.75% | 0.33% |
The Series M fund line-up includes the newly launched Franklin Global Small-Mid Cap Fund, which seeks to capitalize on theaverage capital gain potential of small- and mid-cap global companies in developed countries around the world.