Templeton Global Income Fund Announces Management Fee Waiver

Rhea-AI Summary

Templeton Global Income Fund (NYSE: GIM) has announced a 10 basis point reduction in its investment management fee, effective from March 1, 2022 to September 1, 2022. During this period, fees will be 0.600% for assets up to $200 million and 0.535% for assets up to $700 million. Post-September 1, the fees will revert to 0.700% and 0.635% respectively. This adjustment aims to enhance fund performance and client returns.

Positive

• Implementation of a fee waiver to reduce management fees by 10 basis points.
• Potential for increased returns due to lower management fees.

Negative

• None.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- TEMPLETON GLOBAL INCOME FUND (NYSE: GIM) (“GIM” or the “Fund”) today announced that the Fund’s Board of Trustees and manager recently reached an agreement to implement a fee waiver to reduce the Fund’s investment management fee by 10 basis points.

As a result of this fee waiver, for the period beginning March 1, 2022 and ending September 1, 2022, the Fund will pay the investment manager a monthly fee in dollars, at the annual rate of the Fund’s daily net assets, as listed below, payable at the end of each calendar month:

• 0.600% up to and including $200 million; and
• 0.535% over $200 million, up to an including $700 million.

Recommencing on September 1, 2022, the Fund will pay the investment manager a monthly fee in dollars, at the annual rate of the Fund’s daily net assets, as listed below, payable at the end of each calendar month:

• 0.700% up to and including $200 million; and
• 0.635% over $200 million, up to an including $700 million.

Franklin 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’s 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 boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.5 trillion in assets under management as of February 28, 2022. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220321005427/en/

For more information, please contact Franklin Templeton at 1-800-342-5236

Source: Franklin Templeton

FAQ

What is the fee reduction for Templeton Global Income Fund (GIM)?

Templeton Global Income Fund (GIM) has implemented a 10 basis point reduction in its investment management fee.

When will the new fees for GIM take effect?

The new fees will take effect from March 1, 2022, and continue until September 1, 2022.

What will be the management fees for GIM during the fee waiver period?

During the fee waiver period, the management fees will be 0.600% for assets up to $200 million and 0.535% for assets up to $700 million.

What fees will GIM revert to after September 1, 2022?

After September 1, 2022, GIM will revert to management fees of 0.700% for assets up to $200 million and 0.635% for assets up to $700 million.

Who manages the Templeton Global Income Fund (GIM)?

The Templeton Global Income Fund (GIM) is managed by Franklin Templeton.