Toronto-based Franklin Templeton Investments Corp. announced changes to the risk ratings of multiple funds on Thursday.

These changes will be reflected in the renewal of the simplified prospectus of the funds.

Each fund’s risk rating is reviewed at least once a year and when it undergoes a material change, Franklin Templeton says.

These particular changes are the result of an annual review. Material changes have not been made to the investment objectives, strategies or management of these funds, according to Franklin Templeton Investments.

For a full list of funds whose risk ratings have been modified, read the firm’s announcement egarding the changes.