Active Funds Lower Fees to Compete with Trackers

Franklin Templeton have cut fees on three of their UK equity funds, making the Franklin UK Equity Income fund one of the cheapest offerings available

Samuel Meakin 23 August, 2016 | 2:40PM

On July 1 2016, the annual management charge of the Franklin UK Equity Income fund, as well as the UK Rising Dividends fund and the UK Opportunities fund, was reduced from 0.75% to 0.45% .

Franklin also announced that the Ongoing Charge Figure, which includes other operating charges and expenses in addition to the AMC, will be capped at 0.55% from hereon.

This cut makes the Franklin UK Equity Income fund one of the cheapest offerings available to retail investors within the Morningstar UK equity income category. The reduction in the annual cost to investors will provide the fund with an added advantage over its rivals within this competitive peer group.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Franklin UK Equity Income W Acc1.67 GBP0.00
Franklin UK Opportunities W Acc1.51 GBP0.00
Franklin UK Rising Dividends W Acc1.73 GBP0.00

About Author

Samuel Meakin  is a fund analyst for Morningstar

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