{"id":746532,"date":"2023-04-11T08:08:13","date_gmt":"2023-04-11T12:08:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/templeton-dragon-fund-inc-announces-management-fee-decrease\/"},"modified":"2023-04-11T08:08:13","modified_gmt":"2023-04-11T12:08:13","slug":"templeton-dragon-fund-inc-announces-management-fee-decrease","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/templeton-dragon-fund-inc-announces-management-fee-decrease\/","title":{"rendered":"Templeton Dragon Fund, Inc. Announces Management Fee Decrease"},"content":{"rendered":"

<\/p>\n

Templeton Dragon Fund, Inc. Announces Management Fee Decrease<\/b><\/p>\n

FORT LAUDERDALE, Fla.–(BUSINESS WIRE<\/a>)–TEMPLETON DRAGON FUND, INC. (NYSE: TDF) (\u201cTDF\u201d or the \u201cFund\u201d)<\/b> today announced a management fee reduction, which will become effective on May 1, 2023. The Fund\u2019s 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.<\/p>\n

New Management Fees (effective May 1, 2023):<\/b><\/p>\n\n\n\n\n\n
\n

Annualized Fee Rate<\/span><\/b><\/p>\n<\/td>\n

\n

Net Assets<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n1.10%<\/p>\n<\/td>\n

\n

\nUp to and including $1 billion<\/p>\n<\/td>\n<\/tr>\n

\n

\n1.05%<\/p>\n<\/td>\n

\n

\nOver $1 billion, up to and including $2 billion<\/p>\n<\/td>\n<\/tr>\n

\n

\n1.00%<\/p>\n<\/td>\n

\n

\nOver $2 billion<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Current Management Fees:<\/b><\/p>\n\n\n\n\n\n\n\n\n
\n

Annualized Fee Rate<\/span><\/b><\/p>\n<\/td>\n

\n

Net Assets<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n1.25%<\/p>\n<\/td>\n

\n

\nUp to and including $1 billion<\/p>\n<\/td>\n<\/tr>\n

\n

\n1.20%<\/p>\n<\/td>\n

\n

\nOver $1 billion, up to and including $5 billion<\/p>\n<\/td>\n<\/tr>\n

\n

\n1.15%<\/p>\n<\/td>\n

\n

\nOver $5 billion, up to and including $10 billion<\/p>\n<\/td>\n<\/tr>\n

\n

\n1.10%<\/p>\n<\/td>\n

\n

\nOver $10 billion, up to and including $15 billion<\/p>\n<\/td>\n<\/tr>\n

\n

\n1.05%<\/p>\n<\/td>\n

\n

\nOver $15 billion, up to and including $20 billion<\/p>\n<\/td>\n<\/tr>\n

\n

\n1.00%<\/p>\n<\/td>\n

\n

\nOver $20 billion<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nFranklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton\u2019s 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.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230411005368\/en\/<\/a><\/span><\/p>\n

\nFranklin Templeton, 1-800-342-5236<\/p>\n

KEYWORDS:<\/b> Florida United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Templeton Dragon Fund, Inc. Announces Management Fee Decrease FORT LAUDERDALE, Fla.–(BUSINESS WIRE)–TEMPLETON DRAGON FUND, INC. (NYSE: TDF) (\u201cTDF\u201d or the \u201cFund\u201d) today announced a management fee reduction, which will become effective on May 1, 2023. The Fund\u2019s 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 … <\/p>\n

Continue reading “Templeton Dragon Fund, Inc. Announces Management Fee Decrease”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-746532","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTempleton Dragon Fund, Inc. Announces Management Fee Decrease - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/templeton-dragon-fund-inc-announces-management-fee-decrease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Templeton Dragon Fund, Inc. 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