# Templeton Dragon Fund, Inc. (TDF): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/tdf for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Franklin Templeton · Asset class: Equity - Strategy: Actively Managed · Inception: 1994-09-21 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... ## Key Facts | Metric | Value | |---|---| | Price | $9.00 | | Expense Ratio | 1.21% | | Assets Under Management | $225.7M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | 5.56% | | Annual Distribution (TTM) | $0.50 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $8.97 – $12.20 | | Beta | 0.47 | ## Latest Distribution - Amount: $0.1500 /share - Ex-date: 2026-09-23 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 $225.7M 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. ### Does TDF pay a dividend? Templeton Dragon Fund, Inc. (TDF) currently distributes little or no income. Trailing-twelve-month yield is 5.56%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does TDF pay dividends? Templeton Dragon Fund, Inc. pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TDF's dividend yield? TDF's trailing-twelve-month yield is 5.56%, calculated from the sum of dividends over the past year divided by the current price. ### When is TDF's next ex-dividend date? The most recently announced ex-dividend date for TDF was 2026-09-23. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will TDF's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.21% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TDF charge its expense ratio? The expense ratio is deducted in tiny daily slices from TDF's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does TDF cost more than a fund like VOO? TDF is actively managed (current expense ratio 1.21%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether TDF's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to TDF? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TDF (1.21%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/tdf - Distribution history: https://www.dividenddata.com/funds/tdf/dividend - Holdings & diversification: https://www.dividenddata.com/funds/tdf/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/tdf/expenses - Peer comparison: https://www.dividenddata.com/funds/tdf/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.