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Templeton Dragon Fund, Inc. Announces Management Fee Decrease
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FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--
TEMPLETON DRAGON FUND, INC. (NYSE: TDF) (“TDF” or the “Fund”) today announced a management fee reduction, which will become effective on May 1, 2023. The Fund’s investment management fee reduction, as described below, was approved by the board of trustees on March 27, 2023. Management believes that the reduced management fee will benefit shareholders.
New Management Fees (effective May 1, 2023):
Annualized Fee Rate
Net Assets
1.10%
Up to and including $1 billion
1.05%
Over $1 billion, up to and including $2 billion
1.00%
Over $2 billion
Current Management Fees:
Annualized Fee Rate
Net Assets
1.25%
Up to and including $1 billion
1.20%
Over $1 billion, up to and including $5 billion
1.15%
Over $5 billion, up to and including $10 billion
1.10%
Over $10 billion, up to and including $15 billion
1.05%
Over $15 billion, up to and including $20 billion
1.00%
Over $20 billion
Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 75 years of investment experience and approximately $1.4 trillion in assets under management as of February 28, 2023. For more information, please visit franklintempleton.com.
franklin resources, inc. (www.franklinresources.com) is a global investment management organization operating as franklin templeton investments. the products, services, information and materials referenced in this site may not be available to residents in certain jurisdictions. consult with your investment adviser or contact your local franklin templeton office for more information. this site and the information contained herein is not intended to constitute an offer to sell or an invitation or solicitation of an offer to buy any product or service by franklin templeton investments. nothing in this website should be construed as investment, tax, legal or other advice. all investments involve risks, including potential loss of principal. linkedin is owned by a third party unaffiliated with us. we are not responsible for linkedin’s privacy, security, or terms of use policies that control this service, nor their content, software, or tools (or those of any third party’s) that are avai