Home Breadcrumb caret Industry News Breadcrumb caret Industry Franklin Templeton adds active currency management, reduces fees for fund Changes to Franklin High Income Fund are effective Jan. 1 By Staff | November 19, 2018 | Last updated on November 19, 2018 1 min read © ieva / 123RF Stock Photo Franklin Templeton Investments Canada has added an active currency management strategy and reduced management fees for certain series of its Franklin High Income Fund. The fund currently has a 100% passive currency hedge overlay. As of Jan. 1, 2019, the fund will reduce the hedge to a base ratio of 75% hedged, 25% unhedged, says a release. From this base ratio, the fund will also have the ability to adjust the hedge plus- or minus-25%, based on the investment team’s outlook for the Canadian dollar relative to the U.S. dollar. As detailed in the chart below, management fee reductions of five basis points will be made to Franklin High Income Fund’s Series PF and Series O, effective Jan. 1, 2019. Note that an administration fee of 10 basis points additionally applies for Series PF. Series Current mgmt. fee Proposed mgmt. fee PF 0.70% 0.65% O ($200K-$2.5 million in investable assets) 0.80% 0.75% O ($2.5 million-$5 million in investable assets) 0.70% 0.65% O (more than $5 million in investable assets) 0.65% 0.60% Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo