{"id":724991,"date":"2023-01-23T09:05:04","date_gmt":"2023-01-23T14:05:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-announces-plans-to-convert-franklin-focused-growth-mutual-fund-to-an-etf\/"},"modified":"2023-01-23T09:05:04","modified_gmt":"2023-01-23T14:05:04","slug":"franklin-templeton-announces-plans-to-convert-franklin-focused-growth-mutual-fund-to-an-etf","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-announces-plans-to-convert-franklin-focused-growth-mutual-fund-to-an-etf\/","title":{"rendered":"Franklin Templeton Announces Plans to Convert Franklin Focused Growth Mutual Fund to an ETF"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdecimal { list-style-type: decimal }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Franklin Templeton Announces Plans to Convert Franklin Focused Growth Mutual Fund to an ETF<\/b><\/p>\n<p class=\"bwalignc\">\nFirm will offer same large-cap growth strategy to U.S. investors with the structural advantages of an ETF\n<\/p>\n<p>SAN MATEO, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFranklin Templeton announces plans to convert its Franklin Focused Growth mutual fund to an exchange-traded fund (ETF) for U.S. investors. The conversion, which is subject to shareholder approval, is expected to be effective in the fourth calendar quarter of 2023. If approved, this will be the firm\u2019s third mutual fund-to-ETF conversion.\n<\/p>\n<p>\nFranklin Focused Growth Fund seeks capital appreciation by investing predominantly in equity securities of companies that the investment manager believes offer compelling growth opportunities. The investment manager considers many factors in the selection criteria, including historical and potential growth in revenues and earnings, assessment of strength and quality of management, and determination of a company\u2019s strategic positioning in its industry.\n<\/p>\n<p>\nThe new Franklin Focused Growth ETF will be managed in a substantially similar manner as the mutual fund, and the ETF\u2019s investment goal, principal investment strategies, performance benchmark, investment adviser and portfolio management team will be the same as the predecessor mutual fund. One exception is that the ETF, unlike the mutual fund, will be a non-diversified fund (within the meaning of the Investment Company Act of 1940), which means that it will generally invest a greater proportion of its assets in the securities of one or more issuers and will invest overall in a smaller number of issuers than a diversified fund.<sup>1<\/sup> Matthew J. Moberg, senior vice president and portfolio manager with the Franklin Equity Group, has managed the mutual fund since 2016 and will manage the new ETF.\n<\/p>\n<p>\n\u201cWe are continually assessing our ETF product lineup for opportunities to diversify our offerings, and we are excited to expand it with the addition of the Franklin Focused Growth strategy,\u201d said Patrick O\u2019Connor, Head of Global ETFs for Franklin Templeton. \u201cThe 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.\u201d\n<\/p>\n<p>\nThe reorganization of the mutual fund to an ETF was approved by the mutual fund\u2019s governing board at a meeting held on December 14-15, 2022. Shareholders of the mutual fund will receive notice of a special meeting seeking approval of the conversion, as well as information about the ETF, reasons for the proposed reorganization and potential benefits, in the second calendar quarter of 2023. The shareholder meeting for approval of the conversion is scheduled for June 30, 2023.\n<\/p>\n<p>\nFranklin Templeton\u2019s U.S. ETF platform provides solutions for a range of market conditions and investment objectives through active, smart beta and passively managed ETFs. Franklin Templeton currently offers 59 ETFs in the U.S. with combined assets under management of approximately $10 billion. If approved by shareholders, this conversion will be the firm\u2019s 60<sup>th<\/sup> ETF available to U.S. investors.\n<\/p>\n<p><b>About Franklin Templeton<\/b><\/p>\n<p>\nFranklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton\u2019s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 75 years of investment experience and approximately $1.4 trillion in assets under management as of December 31, 2022. For more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklintempleton.com%2F&amp;esheet=53287891&amp;newsitemid=20230123005160&amp;lan=en-US&amp;anchor=franklintempleton.com&amp;index=1&amp;md5=c8f5c480b7d30301c563eaa5abd45c83\">franklintempleton.com<\/a> and follow us on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Ffranklin-templeton%2F&amp;esheet=53287891&amp;newsitemid=20230123005160&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=2&amp;md5=f151365d9ca0117411e62a443f662fb2\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FFTI_US&amp;esheet=53287891&amp;newsitemid=20230123005160&amp;lan=en-US&amp;anchor=Twitter&amp;index=3&amp;md5=73598ea45b086e13b65e790d5b8d7135\">Twitter<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2Ffranklintempleton%2F&amp;esheet=53287891&amp;newsitemid=20230123005160&amp;lan=en-US&amp;anchor=Facebook&amp;index=4&amp;md5=252f67f3bcc833d9e7bffa59a422e0b0\">Facebook<\/a>.\n<\/p>\n<p><b>Before investing, carefully consider a fund\u2019s investment objectives, risks, charges and expenses. You can find this and other information in each prospectus, or summary prospectus, if available, at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.franklintempleton.com&amp;esheet=53287891&amp;newsitemid=20230123005160&amp;lan=en-US&amp;anchor=www.franklintempleton.com&amp;index=5&amp;md5=24f9f451b31b32bfe18bddcdf9322f02\">www.franklintempleton.com<\/a>. Please read it carefully.<\/b><\/p>\n<p><b>All investments involve risks, including possible loss of principal.<\/b> To the extent the fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, it may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments. Growth stock prices reflect projections of future earnings or revenues, and can, therefore, fall dramatically if the company fails to meet those projections. The fund is actively managed but there is no guarantee that the manager\u2019s investment decisions will produce the desired results. The fund may also invest in small- and mid-capitalization companies, which can be particularly sensitive to changing economic conditions, and their prospects for growth are less certain than those of larger, more established companies. Foreign investing carries additional risks such as currency and market volatility, and political or social instability; risks which are heightened in developing countries. The manager\u2019s portfolio selection strategy is not solely based on ESG considerations, and therefore the issuers in which the fund invests may not be considered ESG-focused companies. Integrating ESG considerations into the investment process is not a guarantee that better performance will be achieved. These and other risks are described more fully in the fund&#8217;s prospectus.\n<\/p>\n<p><b>ETFs trade like stocks, fluctuate in market value and may trade at prices above or below their net asset value. Brokerage commissions and ETF expenses will reduce returns.<\/b> ETF shares may be bought or sold throughout the day at their market price (MP), not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market.\n<\/p>\n<ol class=\"bwlistdecimal\">\n<li><i>As a non-diversified fund, it will be permitted to invest a higher percentage of its assets in any one security than a diversified fund, which may magnify the fund\u2019s losses from events affecting a particular security.<\/i><\/li>\n<\/ol>\n<p>\nFranklin Distributors, LLC. Member <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.finra.org%2F&amp;esheet=53287891&amp;newsitemid=20230123005160&amp;lan=en-US&amp;anchor=FINRA&amp;index=6&amp;md5=6214d29c6930bfdb8026ae074ecc4e22\">FINRA<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.sipc.org%2F&amp;esheet=53287891&amp;newsitemid=20230123005160&amp;lan=en-US&amp;anchor=SIPC&amp;index=7&amp;md5=be26395ab7aa063b78817a776c39f381\">SIPC<\/a>.\n<\/p>\n<p>\nNOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.\n<\/p>\n<p>\nTN23-8\n<\/p>\n<p><i>Copyright \u00a9 2023. Franklin Templeton. All rights reserved.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230123005160r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230123005160\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230123005160\/en\/<\/a><\/span><\/p>\n<p>\nFranklin Templeton Corporate Communications:<br \/>\n<br \/>Vanessa Garcia, (917) 562-5151, <a rel=\"nofollow\" href=\"mailto:vanessa.garcia@franklintempleton.com\">vanessa.garcia@franklintempleton.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230123005160\/en\/1692201\/3\/FT_logo_pos_0119.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Franklin Templeton Announces Plans to Convert Franklin Focused Growth Mutual Fund to an ETF Firm will offer same large-cap growth strategy to U.S. investors with the structural advantages of an ETF SAN MATEO, Calif.&#8211;(BUSINESS WIRE)&#8211; Franklin Templeton announces plans to convert its Franklin Focused Growth mutual fund to an exchange-traded fund (ETF) for U.S. investors. The conversion, which is subject to shareholder approval, is expected to be effective in the fourth calendar quarter of 2023. If approved, this will be the firm\u2019s third mutual fund-to-ETF conversion. Franklin Focused Growth Fund seeks capital appreciation by investing predominantly in equity securities of companies that the investment manager believes offer compelling growth opportunities. The investment manager considers many factors in the selection criteria, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-announces-plans-to-convert-franklin-focused-growth-mutual-fund-to-an-etf\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Franklin Templeton Announces Plans to Convert Franklin Focused Growth Mutual Fund to an ETF&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-724991","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Franklin Templeton Announces Plans to Convert Franklin Focused Growth Mutual Fund to an ETF - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-templeton-announces-plans-to-convert-franklin-focused-growth-mutual-fund-to-an-etf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Franklin Templeton Announces Plans to Convert Franklin Focused Growth Mutual Fund to an ETF - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Franklin Templeton Announces Plans to Convert Franklin Focused Growth Mutual Fund to an ETF Firm will offer same large-cap growth strategy to U.S. investors with the structural advantages of an ETF SAN MATEO, Calif.&#8211;(BUSINESS WIRE)&#8211; Franklin Templeton announces plans to convert its Franklin Focused Growth mutual fund to an exchange-traded fund (ETF) for U.S. investors. The conversion, which is subject to shareholder approval, is expected to be effective in the fourth calendar quarter of 2023. If approved, this will be the firm\u2019s third mutual fund-to-ETF conversion. Franklin Focused Growth Fund seeks capital appreciation by investing predominantly in equity securities of companies that the investment manager believes offer compelling growth opportunities. 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The conversion, which is subject to shareholder approval, is expected to be effective in the fourth calendar quarter of 2023. If approved, this will be the firm\u2019s third mutual fund-to-ETF conversion. Franklin Focused Growth Fund seeks capital appreciation by investing predominantly in equity securities of companies that the investment manager believes offer compelling growth opportunities. 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