Franklin Templeton Canada Announces Investment Fund Updates, including Fee Reductions and Series Terminations
MWN-AI** Summary
Franklin Templeton Canada has announced significant updates to its investment funds, including fee reductions, proposed changes to investment objectives, and the termination of certain fund series. These adjustments are designed to improve the competitiveness of Franklin Templeton’s offerings and better meet the evolving needs of investors and financial advisors.
Effective March 1, 2026, the management and administration fees for the Franklin Innovation Fund will be reduced across all series. This actively managed fund, known for its strong performance and competitive cost structure, will see fees decrease by 0.10%. Details are available for investors, highlighting the adjustments for each series, designed to maintain strong investor engagement.
In addition, proposed changes to the investment objectives of specific funds, including the Franklin Quotential Balanced Growth Portfolio, Franklin Quotential Balanced Income Portfolio, and Franklin Canadian Balanced Fund, will be presented at a special investor meeting scheduled for May 4, 2026. These changes aim to enhance asset allocation flexibility and better align with the firm's updated strategic focus.
Moreover, Franklin Templeton is set to terminate several High Net Worth series of funds effective May 15, 2026, consolidating investments into corresponding retail series. This move, which will be executed on a tax-deferred basis, will affect investors in specific funds, providing at least 60 days' prior notice.
Lastly, Franklin Templeton intends to voluntarily delist the ETF series of the Franklin ClearBridge International Growth Fund and Franklin Global Growth Fund from the Toronto Stock Exchange, effective May 8, 2026, with termination on May 15, 2026. All these changes reflect Franklin Templeton’s commitment to enhancing its fund offerings and maintaining strong investor relations.
MWN-AI** Analysis
Franklin Templeton Canada's recent announcement regarding fee reductions and series terminations presents notable implications for investors. Effective March 1, 2026, the company will implement significant fee reductions across its Franklin Innovation Fund series. For cost-conscious investors, this enhances the fund's appeal, particularly as it maintains a five-star Morningstar rating. Lower fees can lead to higher compounded returns over time, making it an opportune moment for both current and potential investors to reassess their positions in this fund.
Furthermore, Franklin Templeton’s proposal to adjust the investment objectives for several portfolios including the Franklin Quotential Balanced Growth and Income Portfolios is poised to enhance flexibility in asset allocation. If approved, these changes could better align the funds with current market trends and investor preferences, enabling a more dynamic response to economic shifts. Investors should closely monitor the outcomes of the upcoming special meeting set for May 4, 2026, as the modifications could significantly alter the risk-return profile of these portfolios.
However, the termination of certain series, such as the High Net Worth and ETF series of specific funds, warrants attention. Although these transitions aim for efficiency and optimal management, they could potentially disrupt the investment strategies of affected investors. It's essential for stakeholders in these funds to evaluate their options ahead of the May terminations to avoid unintended consequences.
In conclusion, Franklin Templeton’s adjustments are indicative of a larger trend in the fund management industry, focusing on cost efficiency and adaptability. Investors should seize the opportunity to invest in lower-cost funds while remaining vigilant regarding changes in fund objectives and terminations that could affect their investment strategies. Engaging with a financial advisor to navigate these updates could provide valuable insights tailored to individual investment goals.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Canada NewsWire
TORONTO, Feb. 19, 2026 /CNW/ - Franklin Templeton Canada today announced updates and adjustments across a number of investment funds, including fee reductions, proposed investment objective changes and series terminations. Franklin Templeton Canada regularly reviews its investment offerings to ensure that its ETF and fund lineup remains competitive and positioned to meet the evolving needs of investors and advisors.
The updates are:
Fee Reduction – Franklin Innovation Fund
The actively managed five–star Franklin Innovation Fund combines a strong rating with a cost structure that is among the most competitive in its peer group.1 Effective March 1, 2026, the management fees and administration fees for Franklin Innovation Fund will be reduced for each series, which are detailed in the table below.
NEW FEES | |||||||||
Fund Name |
| Mgmt. | Admin. | Combined | Fee | ||||
A | 1.60 | 0.15 | 1.75 | -0.10 | |||||
F | 0.60 | 0.15 | 0.75 | -0.10 | |||||
FT | 0.60 | 0.15 | 0.75 | -0.10 | |||||
T | 1.60 | 0.15 | 1.75 | -0.10 | |||||
Franklin Innovation Fund | ETF Series | 0.60 | 0.10 | 0.70 | -0.10 | ||||
O1 | - | - | 0.75 | -0.10 | |||||
O2 | - | - | 0.70 | -0.10 | |||||
O,3 | - | - | 0.65 | -0.10 | |||||
1. Applies to the first C$2.5 million invested in the fund. | |||||||||
2. Applies to the next C$2.5 million invested in the fund. | |||||||||
3. Applies to any amount in excess of C$5 million invested in the fund. |
Proposed Investment Objective Changes – Franklin Quotential Balanced Growth Portfolio, Franklin Quotential Balanced Income Portfolio and Franklin Canadian Balanced Fund
Subject to approval at a special meeting of investors to be held in Toronto on or about May 4, 2026, the investment objectives of Franklin Quotential Balanced Growth Portfolio, Franklin Quotential Balanced Income Portfolio and Franklin Canadian Balanced Fund (the "Funds") will be changed.
The proposed investment objective change for Franklin Quotential Balanced Growth Portfolio and Franklin Quotential Balanced Income Portfolio will align the investment objectives with Franklin Templeton Canada's other Quotential strategies, allowing more flexibility with asset allocation. If approved, the investment objective changes will be effective on or about May 5, 2026.
The proposed investment objective change for Franklin Canadian Balanced Fund will allow the fund to invest primarily in Canadian equities and fixed income investments, rather than in a portfolio of Franklin Templeton Funds. If approved, the investment objective change along with corresponding changes to the investment strategies and risks will be effective on or about July 17, 2026.
Investors in the Funds as of record on or about March 23, 2026, will be mailed the special meeting materials in accordance with securities laws. The information circular with details of the proposed investment objective changes will be available on Franklin Templeton's website on or around April 2, 2026.
Mutual Fund Series Terminations
After close of business on May 15, 2026, the High Net Worth Series of the Funds listed below will be terminated and the investments will be consolidated into the corresponding Retail Series of the same Fund. The management and administration fees are the same between the terminating and continuing series, and the switch will be done on a tax-deferred basis. Investors in the terminating series will be provided notice at least 60 days prior to the termination. The High Net Worth Series will be closed to new investors on February 19, 2026 (today).
Fund Name | High Net Worth Series | Retail Series |
Franklin ClearBridge Canadian Small Cap Fund | PA | A |
Franklin ClearBridge Canadian Small Cap Fund | PF | F |
Franklin Royce Global Small Cap Premier Fund | PA | A |
Franklin Royce Global Small Cap Premier Fund | PF | F |
Templeton Global Bond Fund | PA | A |
Templeton Global Bond Fund | PA-Hedged | A-Hedged |
Templeton Global Bond Fund | PF | F |
Templeton Global Bond Fund | PF-Hedged | F-Hedged |
ETF Series Terminations
Franklin Templeton Canada has applied to voluntarily delist the ETF series of Franklin ClearBridge International Growth Fund (FCSI) and the ETF series of Franklin Global Growth Fund (FGGE) from the Toronto Stock Exchange at the close of business on May 8, 2026, and subsequently terminate effective May 15, 2026. Investors in the terminating ETF series will be provided notice at least 60 days prior to the termination.
Effective today, February 19, 2026, no further direct subscriptions for units of FSCI or FGGE will be accepted. Investors of record who do not sell or redeem their units before the close of business on May 8, 2026, will receive cash representing their proportionate share of the ETF Series assets on or around May 18, 2026.
- Morningstar Ratings are as of Dec. 31, 2025 and may change. Star ratings are based on risk–adjusted returns and do not guarantee future performance.
About Franklin Templeton
Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients' strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity. Franklin Resources, Inc. [NYSE: BEN]
In Canada, Franklin Templeton operates as Franklin Templeton Canada, a business name used by Franklin Templeton Investments Corp. To learn more, visit franklintempleton.ca and follow us on LinkedIn.
Commissions, trailing commissions, management fees, brokerage fees and expenses may be associated with investments in mutual funds and ETFs. ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF's net asset value Investors should carefully consider a mutual fund and ETF's investment objectives and strategies, risks, fees and expenses before investing. The simplified prospectus and fund facts/ETF facts contain this and other information. Please read the simplified prospectus and fund facts/ETF facts document carefully before investing. Mutual funds and ETFs are not guaranteed. Their values change frequently. Past performance may not be repeated.
Copyright © 2026. Franklin Templeton. All rights reserved.
SOURCE Franklin Templeton Investments Corp.
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FAQ**
How do the recent fee reductions for the Franklin Innovation Fund compare to those of similar funds in the industry, and how might this impact investor interest in Franklin Resources Inc. BEN?
What specific changes are being proposed for the investment objectives of the Franklin Quotential Balanced Growth Portfolio and how could these changes benefit current investors within Franklin Resources Inc. BEN?
Can you elaborate on the rationale behind the termination of the High Net Worth Series of certain funds, and how will this decision affect existing investors in the context of Franklin Resources Inc. BEN?
With the impending delisting of ETF series from the Toronto Stock Exchange, what steps are being taken to ensure investors are well-informed about their options, particularly for those invested in Franklin Resources Inc. BEN?
**MWN-AI FAQ is based on asking OpenAI questions about Franklin Resources Inc. (NYSE: BEN).
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