Templeton Dragon Fund, Inc.

Frequently Asked Questions About TDF

What does TDF invest in?

The Templeton Dragon Fund, Inc. is an actively managed, U.S.-domiciled closed-end equity fund that commenced operations on September 20, 1994. Established by Franklin Resources, Inc. and overseen by Templeton Asset Management Ltd., its primary objective is to invest in publicly traded Chinese companies. The fund primarily targets value stocks across a wide array of industries. Its portfolio is built upon rigorous fundamental analysis, evaluating criteria such as growth potential, competitive advantage in global export markets, technological capabilities, research and development initiatives, operational efficiency, labor and raw material expenditures, profit margins, return on investment, capital adequacy, the regulatory landscape, and management quality.

What is the expense ratio of TDF?

Templeton Dragon Fund, Inc. (TDF) charges an expense ratio of 1.21%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TDF?

Templeton Dragon Fund, Inc. (TDF) manages $275.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is TDF actively managed or an index fund?

TDF is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (TDF's is 1.21%) in exchange for the discretion to over- or under-weight positions.

When was TDF launched?

Templeton Dragon Fund, Inc. (TDF) launched in September 1994 and is managed by Franklin Templeton.

How has TDF performed?

TDF's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.