Toronto-based Franklin Templeton Investments Canada on Thursday announced changes to its risk ratings of certain mutual funds due to the implementation of the new standardized Risk Classification Methodology mandated by the Canadian Securities Administration.

The firm will not be making any updates to its investment objectives, strategies or portfolio management of the funds.

These changes will be shown in the funds’ annual prospectus renewal, which will be filed on May 29.

A complete list of the 16 affected funds is available on the firm’s news release.