Change to investment policy of Franklin Templeton India Fund
We have received notification from Franklin Templeton Investment Funds ("Franklin Templeton") advising of changes to the investment policy of its Franklin India Fund (the “Fund”). The changes will take effect on 10 March 2023 (the “Effective Date”).
AVAILABLE IN OUR DEFINED FUND RANGE PRODUCTS
The Fund, in its currency variants detailed below, can be found in our defined fund range products Oracle, Paragon, Quantum and Regular Savings Plan (including Malaysia variants):
| Fund Name | ISIN |
|---|---|
| Franklin India A Acc EUR | LU0231205187 |
| Franklin India A Acc USD | LU0231203729 |
SUMMARY OF CHANGES
Franklin Templeton has notified us of a change in the Fund's investment policy. From the Effective Date, the following wording is added after the first paragraph of the Fund’s investment policy:
“The Fund may also, in accordance with the investment restrictions, invest up to 5% of its net assets in securities issued by private companies provided that the contemplated investments qualify as transferable securities under paragraphs (1) or (2) a) of Article 41 of the Law of 17 December 2010.”
As a consequence of the above, please note that the “Private Companies risk” will be added to the risk considerations of the Fund. There will be no material impact on the way the Fund is managed, its risk profile or synthetic risk reward indicator (SRRI) nor on the fees charged. The new investment policy will be reflected in an updated version of the prospectus of the Fund, will be available from the Effective Date from Franklin Templeton.
Please refer to the Franklin Templeton notification attached for further information.
Plan owners do not need to take any action if they are happy with the above changes on the Fund. However, they can switch to an alternative fund available to their plan, free of charge, should they wish to.
For more information regarding Franklin Templeton Investment Funds visit: www.franklintempleton.lu