Franklin Templeton partners with OCBC to launch new Franklin Income Fund share class
The new Class Q shares aim to distribute dividends on a monthly basis.
OCBC and Franklin Templeton are launching the new Class Q shares for the Franklin Income Fund.
The shares will be offered exclusively to OCBC's clients in Singapore. It has a 0% initial sales charges upon subscription, and are available in both US and Singapore dollars.
Additional fees will apply on early redemption within three years of purchase.
The Class Q shares will be converted automatically to their corresponding Class A shares after the expiry of the three-year period.
“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,” said Stephen Tong, Senior Client Portfolio Manager of Franklin Income Investors.
The subscription period for the Class Q shares will end on 24 September 2024.
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