12 August 2021 – Following its acquisition by Franklin Templeton in 2020, the names of a number of Legg Mason funds have now been changed.
As part of the integration of the Franklin Templeton and Legg Mason groups, Legg Mason has agreed to retire as the authorise corporate director (ACD) of the company and operations to Franklin Templeton (which will become the new ACD).
From 7 August 2021, the name of the company has therefore changed from Legg Mason Funds ICVC to Franklin Templeton Funds II in order to reflect Franklin Templeton as the new ACD.
The names of each of Legg Mason’s funds have also been changed to reflect the name of the new ACD (through the use of the prefix “FTF”) – including Legg Mason IF Martin Currie European Unconstrained, which is on the Chelsea Core Selection, and Legg Mason IF Japan Equity, Legg Mason IF Martin Currie US Unconstrained and Legg Mason IF ClearBridge Global Infrastructure Income, which are all on the Chelsea Selection.
No action is required by investors. The management teams and processes for each fund remain the same.
The old and new fund names can be seen in the table below:
|Current fund name||New fund name|
|Legg Mason IF Brandywine Global Income Optimiser Fund||FTF Brandywine Global Income Optimiser Fund|
|Legg Mason IF ClearBridge Global Equity Income Fund||FTF ClearBridge Global Equity Income Fund|
|Legg Mason IF ClearBridge Global Infrastructure Income Fund||FTF ClearBridge Global Infrastructure Income Fund|
|Legg Mason IF ClearBridge US Equity Fund||FTF ClearBridge US Equity Fund|
|Legg Mason IF ClearBridge US Equity Income Fund||FTF ClearBridge US Equity Income Fund|
|Legg Mason IF Japan Equity Fund||FTF Martin Currie Japan Equity Fund|
|Legg Mason IF Martin Currie Asia Unconstrained Fund||FTF Martin Currie Asia Unconstrained Fund|
|Legg Mason IF Martin Currie Emerging Markets Fund||FTF Martin Currie Emerging Markets Fund|
|Legg Mason IF Martin Currie European Unconstrained Fund||FTF Martin Currie European Unconstrained Fund|
|Legg Mason IF Martin Currie Global Unconstrained Fund||FTF Martin Currie Global Unconstrained Fund|
|Legg Mason IF Martin Currie US Unconstrained Fund||FTF Martin Currie US Unconstrained Fund|
|Legg Mason IF QS UK Equity Fund||FTF QS UK Equity Fund|
|Legg Mason IF Royce US Smaller Companies Fund||FTF Royce US Smaller Companies Fund|
|Legg Mason IF Western Asset Global Multi Strategy Bond Fund||FTF Western Asset Global Multi Strategy Bond Fund|
|Legg Mason IF Western Asset Retirement Income Bond Fund||FTF Western Asset Retirement Income Bond Fund|