Toronto-based Franklin Templeton Investments Corp. has launched another fixed-income mutual fund. Franklin Bissett Canadian Bond Fund invests primarily in a diversified portfolio of Canadian government and corporate debt securities. The fund is managed by Tom O’Gorman, senior vice president, director of fixed-income and portfolio manager; Darcy Briggs, senior vice president and portfolio manager; and Brian Calder, vice president, senior trader and portfolio manager. Advisor commissions are 0%-6% for front-end sales; 5% for deferred sales; or 2.5% for the low-load option. Redemption fees begin at 6% in Year 1 and end at zero after Year 6 for the regular DSC schedule; or begin at 3% in Year 1 and end at zero after Year 3 of the low-load schedule. Trailing commissions are 0.5% for front-end sales; 0.25% for the first six years of deferred sales, and 0.5% thereafter; and 0.25% for the first three years of low-load sales, and 0.5% thereafter. Management fees are 1.05% for A-class units and 0.55% for F-class units. Minimum investment is $500.
(fcollie@investmentexecutive.com).