$1.6 Trillion Franklin Templeton Launches Flagship Franklin Income Fund New Class Q Shares Exclusive to OCBC Clients in Singapore with Subscription Closing on 24th September 2024, Non-Guaranteed Monthly Dividend Payments at Discretion of Fund Manager, 0% Initial Sales Charge, Additional Fees of Up to 3% if Redeemed Within 3 Years, Class Q Shares Automatically Convert to Class A Shares after 3 Years, Fund Available in USD & SGD
7th September 2024 | Hong Kong
Franklin Templeton ($1.6 trillion AUM) has launched the flagship Franklin Income Fund new Class Q shares exclusive to OCBC clients in Singapore with subscription closing on 24th September 2024. The Class Q shares targets to distribute non-guaranteed monthly dividend payments at the discretion of the fund manager, and has 0% initial sales charge. Additional fees of up to 3% to apply if redeemed within 3 years, with the Class Q shares automatically converting to Class A shares after 3 years. The fund is available in USD & SGD. Announcement: “Franklin Templeton today announced its partnership with OCBC to launch the new Class Q shares (Q (Mdis) USD and Q (Mdis) SGD-H1) for its flagship Franklin Income Fund, which will be offered exclusively to OCBC clients in Singapore. Designed to promote long-term investing, the new Class Q shares on offer has been launched with 0% initial sales charges upon subscription, and are available in US dollar and Singapore dollar. Additional fees will apply on early redemption within three years of purchase, and Class Q shares will be converted automatically to its corresponding Class A after the expiry of the three-year period. The Class Q shares aim to distribute dividend on a monthly basis. The subscription period for the Class Q shares will close on 24 September 2024. With a 76-year history in the U.S., the Franklin Income strategy has a proven track record in income generation and capital appreciation. The SICAV version of the Franklin Income Fund, which celebrated its 25th anniversary this year, has weathered multiple markets cycle and remained resilient while delivering compelling income to investors.” In 2024 July, Franklin Templeton & Japan SBI Holdings have signed a MoU (Memorandum of Understanding) to setup a joint venture in Japan, with the joint venture to combine Franklin Templeton investment products including ETFs (Exchange-traded funds) & experience in digital assets with SBI Holdings distribution & integrated financial services capabilities including securities, asset management, banking & insurance in Japan.
“ $1.6 Trillion Franklin Templeton Launches Flagship Franklin Income Fund New Class Q Shares Exclusive to OCBC Clients in Singapore with Subscription Closing on 24th September 2024, Non-Guaranteed Monthly Dividend Payments at Discretion of Fund Manager, 0% Initial Sales Charge, Additional Fees of Up to 3% if Redeemed Within 3 Years, Class Q Shares Automatically Convert to Class A Shares after 3 Years, Fund Available in USD & SGD “
Clement Lee, Head of Retail Sales, Southeast Asia, Franklin Templeton: “We are delighted to partner with OCBC, one of the largest banks in Singapore, to bring our flagship multi-asset Franklin Income Fund via this new share class to investors in Singapore. Exclusively created for OCBC, this marks the first time that we are launching the Class Q shares in Singapore. Tailored to encourage long-term investing, the Class Q shares offer investors the benefit of zero initial sales charges during the offer period1 when they remain invested for a minimum of three years.”
Stephen Tong, Senior Client Portfolio Manager, Franklin Income Investors: “Amid increased economic uncertainties and market volatility, we believe the Franklin Income Fund will resonate with Singapore investors seeking income across varying market conditions. The fund’s dynamic asset allocation which flexibly allocates between a broad range of equities and bonds to adapt to changing markets, ensures diversification across multiple asset classes, offering opportunities for both income generation and capital appreciation. With a seasoned fund management team and an established track record, we are confident that the Franklin Income Fund can help meet investors’ desire for income in this evolving market environment.”
Notes:
- There is no initial sales charge upon subscription into the Q (Mdis) USD and Q(Mdis) SGD-H1 share classes, however the share classes are subject to an early redemption fee of up to 3% for redemptions within three years of purchase. For more details, please refer to the prospectus.
- Dividends are not guaranteed and are at the discretion of the manager, and may be paid out of distributable income, capital of the fund or both. Dividend payments are made in share class currency and are distributed monthly. Past dividend yields and payouts does not predict nor guarantee future dividend yields and payouts. Payment of distributions out of capital may result in an immediate reduction of the NAV per share/unit. Please refer to our website for Dividend Composition Information.
- The SICAV version of the Franklin Income Fund is one of the accounts adopting the wider Franklin Income strategy. The fund and strategy may share different investment objectives, risks profiles and fee structures. Past performance of the Investment Manager is not necessarily indicative of the Investment Manager’s future performance.
About Franklin Templeton – Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over US$1.6 trillion in assets under management as of July 31, 2024.
$1.6 Trillion Franklin Templeton & Japan SBI Holdings Sign MoU to Setup Joint Venture in Japan, Combines Franklin Templeton Investment Products Including ETFs & Experience in Digital Assets with SBI Holdings Distribution & Integrated Financial Services Capabilities Including Securities, Asset Management, Banking & Insurance in Japan
27th July 2024 – United States asset manager Franklin Templeton ($1.6 trillion AUM) & Japan SBI Holdings have signed a MoU (Memorandum of Understanding) to setup a joint venture in Japan, with the joint venture to combine Franklin Templeton investment products including ETFs (Exchange-traded funds) & experience in digital assets with SBI Holdings distribution & integrated financial services capabilities including securities, asset management, banking & insurance in Japan. Franklin Templeton (26/7/24): “Franklin Templeton has signed a Memorandum of Understanding (MoU) with SBI Holdings (“SBI”), a Japanese Internet-based financial conglomerate providing a wide range of financial services including securities, asset management, banking, and insurance, to establish a joint venture (“JV”) in Japan. The proposed JV will harness best-in-class capabilities of both firms by combining Franklin Templeton’s comprehensive suite of investment products including ETFs, and its experience in digital assets, with SBI’s strength in distribution, integrated financial services capabilities and reach in the Japanese market … … With increased volatility across global markets, emerging asset classes including digital assets and cryptocurrencies, that have low correlation with traditional assets such as equities and fixed income, can help to diversify risk in an investor’s portfolio. Through this strategic partnership, Franklin Templeton and SBI will aim to provide investors in Japan with greater access to a diversified range of investment solutions. With over 100 indexed and active ETFs, Franklin Templeton’s global ETF platform has grown significantly, and has more than USD 27 billion in assets under management as of June 30, 2024. As regulations related to digital assets and ETFs continue to evolve in Japan, the proposed JV will seek to enable new synergies by leveraging Franklin Templeton’s experience with tokenized money market funds and digital assets-backed ETFs in the U.S. This, combined with SBI’s in-depth expertise as a leader in Japan’s digital asset space, will help offer innovative solutions that meet investors’ evolving interests and objectives in the Japanese market.”
Jenny Johnson, President and CEO of Franklin Templeton: “We are excited to collaborate with SBI Holdings, a leading online financial conglomerate in Japan. The extensive reach of SBI’s iconic brand amongst younger audiences in Japan aligns well our commitment to help this new generation of investors achieve their goals through our future-focused investment solutions. This strategic partnership underscores our shared belief that best-in- class financial capabilities should be more accessible for investors. It also represents a tremendous step forward to broaden our client reach and solidify our commitment in the market.”
Yoshitaka Kitao, Representative Director, Chairman, President & CEO of SBI Holdings: “We are very pleased to establish an asset management company in Japan as a JV with Franklin Templeton, a leading global investment management firm with 77 years of corporate history and tradition, as well as a strong track record in investment performance. SBI Group has been focusing on serving the interest of its customers as its primary mission since its inception. We are also proud of being a fast-rising financial group in Japan leveraging technology as one of its key sources of growth, and promoting various businesses related to Web3. We look forward to partnering with Franklin Templeton whose business includes focus on digital assets and provision of industry leading digital asset technology.”
About Franklin Templeton – Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With more than 1,500 investment professionals, and offices in major financial markets around the world, the California-based company has over 75 years of investment experience and over US$1.6 trillion in assets under management as of June 30, 2024
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