Additional fees will apply on early redemption within three years of purchase, and Class Q shares will be converted automatically to its corresponding Class A after the expiry of the three-year period.
Franklin Templeton has partnered with OCBC to launch the new Class Q shares for its flagship Franklin Income Fund, which will be offered exclusively to OCBC clients in Singapore.
Designed to promote long-term investing, the new Class Q shares are available in US dollar and Singapore dollar with no initial sales charges upon subscription during the offer period.
