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Franklin Templeton Announces Risk Rating Changes to Certain Funds

BEN

TORONTO, May 29, 2014 /CNW/ - Franklin Templeton Investments Corp. today announced changes to the risk ratings of the funds listed in the table below. These changes will be reflected in the renewal of the simplified prospectus of the funds, which is being filed on or about May 29, 2014.

The methodology used to determine the risk rating of each fund is based on the methodology recommended by the Fund Risk Classification Task Force of the Investment Funds Institute of Canada. A summary of the methodology used by Franklin Templeton to identify the risk rating of each Franklin Templeton mutual fund can be found in the fund's simplified prospectus, available at franklintempleton.ca. The methodology is also available at no cost by calling 1-800-387-0830 or by sending an email to service@franklintempleton.ca.

The risk rating for each fund is reviewed at least annually, as well as when a fund undergoes a material change. These changes are the result of an annual review. No material changes have been made to the investment objectives, strategies or management of these funds.

                 
FUND       2013 RISK RATING       2014 RISK RATING
TEMPLETON                
Templeton Asian Growth Fund       High       Medium
Templeton Asian Growth Corporate Class       High       Medium
Templeton BRIC Corporate Class       High       Medium to high
Templeton EAFE Developed Markets Fund       Medium to high       Medium
Templeton Frontier Markets Fund       Medium to high       Medium
Templeton Frontier Markets Corporate Class       Medium to high       Medium
Templeton Emerging Markets Fund       Medium to high       Medium
Templeton Emerging Markets Corporate Class       Medium to high       Medium
Templeton Global Smaller Companies Fund       Medium to high       Medium
Templeton Global Smaller Companies Corporate Class       Medium to high       Medium
FRANKLIN                
Franklin Income Fund       Medium       Low to Medium
Franklin Income Corporate Class       Medium       Low to Medium
Franklin Income Hedged Corporate Class       Medium       Low to Medium
Franklin High Income Fund       Medium       Low to Medium
Franklin Strategic Income Fund       Low to medium       Low
Franklin U.S. Core Equity Fund       Medium to high       Medium
Franklin U.S. Rising Dividends Fund       Medium       Low to Medium
Franklin U.S. Rising Dividends Corporate Class       Medium       Low to Medium
Franklin World Growth Fund       Medium to high       Medium
Franklin World Growth Corporate Class       Medium to high       Medium
FRANKLIN BISSETT                
Franklin Bissett All Canadian Focus Fund       Medium to high       Low to Medium
Franklin Bissett All Canadian Focus Corporate Class       Medium to high       Low to Medium
Franklin Bissett Canadian Dividend Fund       Medium       Low to medium
Franklin Bissett Canadian Dividend Corporate Class       Medium       Low to medium
Franklin Bissett Canadian Equity Fund       Medium       Low to medium
Franklin Bissett Canadian Equity Corporate Class       Medium       Low to medium
Franklin Bissett Canadian High Dividend Fund       Medium       Low to medium
Franklin Bissett Canadian High Dividend Corporate Class       Medium       Low to medium
Franklin Bissett Microcap Fund       High       Medium
Franklin Bissett Small Cap Fund       Medium to high       Medium
Franklin Bissett Small Cap Corporate Class       Medium to high       Medium
Franklin Bissett Strategic Income Fund       Low to Medium       Low
Franklin Bissett Strategic Income Corporate Class       Low to Medium       Low
Franklin Bissett U.S. Focus Fund       Medium to high       Low to Medium
Franklin Bissett U.S. Focus Corporate Class       Medium to high       Low to Medium
FRANKLIN MUTUAL SERIES                
Franklin Mutual U.S. Shares Fund*       Medium       Low to medium
Franklin Mutual U.S. Shares Corporate Class**       Medium       Low to medium
FRANKLIN QUOTENTIAL                
Franklin Quotential Growth Portfolio       Medium       Low to Medium
Franklin Quotential Growth Corporate Class Portfolio       Medium       Low to Medium

* Formerly, Franklin Mutual Beacon Fund
** Formerly, Franklin Mutual Beacon Corporate Class

About Franklin Templeton Investments

Franklin Templeton Investments Corp. is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Franklin Mutual Series, Franklin Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over US$895 billion (C$981 billion) in assets under management as of April 30, 2014.

Copyright © 2014. Franklin Templeton Investments. All rights reserved.

SOURCE Franklin Templeton Investments Corp.

Media contact: 
Amie Lauder, Corporate Communications, Franklin Templeton Investments, alauder@franklintempleton.ca, 416.957.6560

Copyright CNW Group 2014