Investments

Franklin Technology Fund

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The fund aims to achieve capital appreciation by investing at least two-thirds of its assets in equity securities of U.S. and non U.S. companies expected to benefit from the development, advancement and use of technology, as well as communication services and equipment.



  • Sub-Fund launch date

    3 April 2000

  • Class Launch date

    3 April 2000

  • Reference currency

    The reference currency is the American Dollar. The yield in euro could be positively or negatively influenced by change fluctuations.

  • For an investor looking for:

    • Companies with strong growth potential, especially from the technology and telecommunications sector
    • An investment team having close contact with decision-makers: regular company visits; geographical proximity to most technology companies in the Silicon Valley
    • Portfolio Diversification: the fund provides investors with exposure in the technology and telecommunication sector

    But…

    The main risks for the Sub-Fund are:


    • The Net Asset Value of the compartment can fluctuate due to equity market movements
    • Concentrating investments in one sector, such as the technology and telecommunications sector, can be beneficial, but it is important to note that performance could be more susceptible to industry-specific factors, and thus in the short term, the NAV of the compartment can therefore fluctuate considerably
    • There is a liquidity risk that arises when adverse market conditions affect the ability to sell assets when necessary. Reduced liquidity may have a negative impact on the price of the assets

    The occurrence of any of these risks may have an impact on the net asset value of your portfolio.

The net asset value is calculated in Belgium each bank working day. The net asset value is published every public banking business day in Belgium in the financial press, as well as on the BeAMA website (www.beama.be/en/nav). It is also available at the Management Company’s registered address and over the counter from your financial services provider.

A swing price may be applied. Swing pricing aims to reduce the dilution effect brought about when significant operations within a sub-fund compel its manager to buy or sell its underlying assets. These transactions give rise to transaction fees and taxes that have an effect on the fund’s value, as well as on all its investors. Where swing pricing is applied, the sub-fund’s net asset value is adjusted by a particular amount when the capital flow exceeds a certain threshold (the swing factor). This amount is designed to offset expected transaction fees resulting from the difference between incoming and outgoing capital. Swing pricing is only used on rare occasions, if at all.

  • Minimum investment

    1 part


    Term

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    One-off charges

    • Entry charge (applicable by ING Belgium): 3%

    • Exit charge: 0%


    Ongoing charges

    • Ongoing charges taken from the Sub-Fund over a year: 1.83% of which (maximum) 1.50% of management fees.

    • Custody fee: 0%/annum


    Taxation

    Stock exchange tax (applicable to redemptions only):


    • Capitalization share: 1.32% (max 4,000 euros)

    • Distribution share: none


    Withholding tax on dividends:


    • Capitalization share: none

    • Distribution share: 30%


    Withholding tax in case of redemption:


    • Sub-fund permitted to invest more than 10% of assets in debt securities: no

    • Sub-fund actually more than 10% invested in debt securities: yes

    • Withholding tax (30% depending on the investor’s particular tax situation): not applicable


    Tax treaty based on the current legislation
    Dividends received from distributing shares are subject to the Belgian withholding tax of 30%. The Belgian withholding tax applicable to interests included in the repurchase price of accumulating and distributing shares investing more than 10% of their assets in any kind of debts amounts to 30%.
    This tax system applies to Retail customers – private individuals resident in Belgium. Taxation depends on the individual situation of each customer and may change in the future.

Financial Service Belgium : J.P. Morgan Chase Bank, Boulevard du Roi Albert II 1, B-1210 Brussels

Complaints can be lodged with ING – Customer Service – Cours Saint Michel, 60 – 1040 Brussels. If no settlement can be reached in this way, please contact the Banks - Credit - Investments Mediation Service (www.ombudsfin.be).

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