Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nyse  >  Franklin Resources, Inc.    BEN


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Franklin Templeton Reduces Fees on Three ETFs

share with twitter share with LinkedIn share with facebook
share via e-mail
08/01/2019 | 09:31am EST

SAN MATEO, Calif., Aug. 01, 2019 (GLOBE NEWSWIRE) -- Franklin Templeton today announced fee reductions for three Franklin LibertyShares® ETFs available to US investors.

“We are constantly evaluating ways to improve client experiences. I’m excited to announce our latest effort – lower pricing on our large cap equity and emerging market smart beta ETFs as well as our international bond active ETF,” said Patrick O’Connor, global head of ETFs for Franklin Templeton.

Fee Reductions

As detailed in the chart below, management fee reductions will be made to Franklin LibertyQ U.S. Equity ETF (FLQL) and Franklin LibertyQ Emerging Markets ETF (FLQE). In addition, the fee waiver for Franklin Liberty International Aggregate Bond ETF (FLIA) will be reduced. All reductions are effective August 1, 2019.

TickerName of FundCurrent Gross
Expense Ratio

As of July 31,
Current Net
Expense Ratio as
of July 31, 2019
New Net
Expense Ratio
as of August 1,
FLQLFranklin LibertyQ U.S. Equity ETF0.25%0.25%0.15%
FLIAFranklin Liberty International Aggregate Bond ETF0.69%0.35%0.25%*
FLQEFranklin LibertyQ Emerging Markets ETF0.55%0.55%0.45%

*FLIA’s investment manager has contractually agreed to waive or assume certain expenses so that total annual fund operating expenses (including acquired fund fees and expenses, but excluding certain non-routine expenses) for the fund do not exceed 0.25% until July 31, 2020. The new gross expense ratio for FLIA as of August 1, 2019 is 2.32% without these reductions.

Franklin LibertyShares, the firm’s global ETF platform, enables investors to pursue their desired outcomes through a range of active, smart beta and passive ETFs. LibertyShares has more than $4 billion in assets under management globally as of June 30, 2019 and is supported by the strength and resources of one of the world’s largest asset managers. For more information, please visit franklintempleton.com/etfs.

Visit Franklin LibertyShares’ Capital Markets Corner for insights on ETF investing and follow Franklin LibertyShares on Twitter: @libertyshares.

Important Information about the Funds

All investments involve risk, including possible loss of principal. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. These and other risks are discussed in the funds’ prospectuses.

There can be no assurance that the funds’ multi-factor stock selection process will enhance performance. Exposure to such investment factors may detract from performance in some market environments, perhaps for extended periods. Performance of the funds may vary significantly from the performance of an index as a result of transaction costs, expenses and other factors.

Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with these markets’ smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets.

Bond prices generally move in the opposite direction of interest rates. As the prices of bonds in the fund adjust to a rise in interest rates, the fund's share price may decline. Changes in the financial strength of a bond issuer or in a bond's credit rating may affect its value. Investing in derivative securities and the use of foreign currency techniques involve special risks as such may not achieve the anticipated benefits and/or may result in losses to the fund. The fund may not achieve the anticipated benefits, and may realize losses when a counterparty fails to perform as promised. Sovereign debt securities are subject to various risks in addition to those relating to debt securities and foreign securities generally, including, but not limited to, the risk that a governmental entity may be unwilling or unable to pay interest and repay principal on its sovereign debt, or otherwise meet its obligations when due because of cash flow problems, insufficient foreign reserves, the relative size of the debt service burden to the economy as a whole, the government's policy towards principal international lenders such as the International Monetary Fund, or the political considerations to which the government may be subject.

ETFs trade like stocks, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. Brokerage commissions and ETF expenses will reduce returns.

ETF shares may be bought or sold throughout the day at their market price, not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market.

Investors should carefully consider a fund’s investment goals, risks, charges and expenses before investing. To obtain a summary prospectus and/or prospectus, which contains this and other information, talk to your financial advisor, call us at (800) DIAL BEN/342-5236 or visit franklintempleton.com. Please carefully read a prospectus before you invest or send money.

About Franklin Templeton

The funds’ principal underwriter is Franklin Templeton Distributors, Inc., a wholly-owned subsidiary of Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization operating as Franklin Templeton. Franklin Templeton’s goal is to deliver better outcomes by providing global and domestic investment management to retail, institutional and sovereign wealth clients in over 170 countries. Through specialized teams, the company has expertise across all asset classes—including equity, fixed income, alternative and custom solutions. The company’s more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in more than 30 countries, the California-based company has more than 70 years of investment experience and over $715 billion in assets under management as of June 30, 2019. For more information, please visit franklintempleton.com.

Copyright © 2019. Franklin Templeton. All rights reserved.

Corporate Communications:  Pholida Barclay, (212) 632-3204, pholida.barclay@franklintempleton.com
Prosek Partners: Cary Ruterman, (857) 302-3712, cruterman@prosek.com

Primary Logo

© GlobeNewswire 2019
share with twitter share with LinkedIn share with facebook
share via e-mail
02/19FRANKLIN TEMPLETON : Announces Changes to LibertyShares ETF Offerings
02/19NEWS HIGHLIGHTS : Top Financial Services News of the Day
02/19FRANKLIN RESOURCES : Ellen Kratzer to Speak at 2020 STEP Europe Conference in Vi..
02/19NEWS HIGHLIGHTS : Top Financial Services News of the Day
02/19NEWS HIGHLIGHTS : Top Financial Services News of the Day
02/19NEWS HIGHLIGHTS : Top Financial Services News of the Day
02/18FRANKLIN RESOURCES INC : Entry into a Material Definitive Agreement, Financial S..
02/18Financials Down After HSBC Warning -- Financials Roundup
02/18Apple, Fluor fall; Franklin Resources, Advance Auto rise
02/18NEWS HIGHLIGHTS : Top Financial Services News of the Day
More news
Financials (USD)
Sales 2020 5 617 M
EBIT 2020 1 502 M
Net income 2020 1 255 M
Finance 2020 5 315 M
Yield 2020 4,23%
P/E ratio 2020 9,95x
P/E ratio 2021 10,2x
EV / Sales2020 1,32x
EV / Sales2021 1,33x
Capitalization 12 755 M
Duration : Period :
Franklin Resources, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FRANKLIN RESOURCES, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus UNDERPERFORM
Number of Analysts 13
Average target price 26,15  $
Last Close Price 25,67  $
Spread / Highest target 13,0%
Spread / Average Target 1,88%
Spread / Lowest Target -14,3%
EPS Revisions
Gregory Eugene Johnson Chairman & Chief Executive Officer
Jennifer M. Johnson President & Chief Operating Officer
Matthew Nicholls Chief Financial Officer & Executive Vice President
Sanchayan Chutta Ratnathicam Independent Director
Laura Stein Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
LEGAL & GENERAL5.05%24 468
KKR & CO. INC.16.32%19 067
AMUNDI11.37%16 879