Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Franklin Preps a $68MM-AUM Transformation Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 25, 2023

Franklin Preps a $68MM-AUM Transformation

Reported by Neil Anderson, Managing Editor

The team at a $1.4-trillion-AUM (as of December 31), publicly traded asset manager is preparing their third ever mutual fund-to-ETF conversion, this time with a seven-year-old, $68.25-million-AUM fund. They also plan to tweak the fund's strategy, even while keeping the same PM in charge.

Patrick H.E. O'Connor
Franklin Templeton
Global Head of ETFs
On Monday, Patrick O'Connor, global head of ETFs at Franklin Resources, Inc. (dba Franklin Templeton [profile]), revealed that the San Mateo, California-based fund firm's team plans to transform the Franklin Focused Growth Fund into a new ETF, the Franklin Focused Growth ETF. Pending shareholder approval, the transformation is scheduled for Q4 2023. The fund will be Franklin's 60th ETF in the U.S.

Matthew Moberg, senior vice president and portfolio manager with the Franklin Equity Group, is expected to continue PMing the transformed fund. He has PMed the mutual fund since its inception in April 2016.

The mutual fund currently comes in five share classes: A shares with a max front-end load of 550 basis points and an expense ratio of 110 bps; C shares with a max deferred load of 100 bps and an expense ratio of 185 bps; R shares with an expense ratio of 135 bps; R6 shares with an expense ratio of 72 bps; and Advisor shares with an expense ratio of 85 bps. All those share classes will be replaced by the ETF.

The ETF will be powered by the same strategy as the mutual fund, except that the ETF will be non-diversified (and thus more concentrated in its more portfolio holdings).

"The conversion of this mutual fund to an ETF will enable shareholders to invest in a substantially similar strategy as the current mutual fund with the tax efficiencies and structural benefits of an ETF," O'Connor states. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. WE Pacific NW - Year-End Holiday Social and Chapter Leadership Drive, December 5
  2. WE South - A Deep Dive Into the Offshore Ecosystem, December 6
  3. MFDF webinar - Unique Oversight Considerations For ETFs, December 6
  4. Stradley Ronon's Financial Services Regulatory Workshop, December 6
  5. MMI webinar - From an Idea to a Movement: Choosing Self-Confidence + Finding Our Strengths, December 7
  6. SEC Investor Advisory Committee Meeting, December 7
  7. MMI webinar - Make Your Money Work For You, December 12
  8. MFDF In Focus: Impacts of SCOTUS Affirmative Action Decision on Fund Boards and Industry Diversity Efforts, December 12
  9. P&I Best Places to Work In Money Management - The Future of Asset Management, December 12
  10. MFDF webinar - Investment Valuation and Governance: Deloitte's 21st Annual Fair Valuation Pricing Survey, December 13
  11. MFDF Director Discussion Series - Open Forum via Zoom, December 14
  12. MFDF 2024 Directors' Institute, January 22 - 24, 2024
  13. 2024 ICI Innovate, February 6 - 8, 2024
  14. The Advyzon Conference, February 20 - 22, 2024
  15. Raymond James 2024 Annual Shareholders Meeting, February 22, 2024
  16. MFDF 2024 Fund Governance & Regulatory Insights Conference, March 7 - 8, 2024
  17. Nicsa 2024 Strategic Leadership Forum, March 13 - 15, 2024
  18. 2024 MMI Summit, March 13 - 14, 2024
  19. Women In ETFs 10-Year Anniversary Celebration, March 14, 2024
  20. Wealth Management Edge 2024, May 13 - 16, 2024
  21. MFDF Conference of Fund Leaders Forum, June 5, 2024
  22. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20, 2024
  23. Morningstar Investment Conference Conference 2024, June 26 - 27, 2024
  24. 2024 MMI Annual Conference, October 15 - 17, 2024




©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use