Templeton Emerging Markets Fund Announces Management Fee Decrease

Rhea-AI Summary

Templeton Emerging Markets Fund (NYSE: EMF) has announced a reduction in management fees effective April 1, 2022, approved by its board on February 28, 2022. This fee change aims to benefit shareholders, with new rates as follows: 1.10% for assets up to $1 billion, 1.05% for assets over $1 billion up to $2 billion, and 1.00% for assets exceeding $2 billion. The current management fees were 1.25%, 1.20%, and 1.15% respectively for similar asset ranges. Franklin Resources, Inc. (NYSE: BEN) oversees this fund, with around $1.5 trillion in assets under management.

Positive

• Reduction in management fees could enhance shareholder value.
• New fee structure is more competitive, potentially attracting more investors.

Negative

• None.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)-- TEMPLETON EMERGING MARKETS FUND (NYSE: EMF) (“EMF” or the “Fund”) today announced a management fee reduction, which will become effective on April 1, 2022. The Fund’s investment management fee reduction, as described below, was approved by the board of trustees on February 28, 2022. Management believes that the reduced management fee will benefit shareholders.

The Fund agrees to pay to the Manager a monthly fee in dollars, at the annual rate of the Fund’s daily net assets, as listed below, payable at the end of each calendar month:

New Management Fees (effective April 1, 2022):

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%	In excess of $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%	In excess of $20 billion

Franklin Resources, Inc. [NYSE:BEN] 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 boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.5 trillion in assets under management as of February 28, 2022. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220321005429/en/

For more information, please contact Franklin Templeton at 1-800-342-5236.

 

Source: Templeton Emerging Markets Fund, Inc.

FAQ

What is the new management fee for Templeton Emerging Markets Fund (EMF) effective April 1, 2022?

The new management fees are 1.10% for assets up to $1 billion, 1.05% for assets over $1 billion up to $2 billion, and 1.00% for assets exceeding $2 billion.

When was the management fee reduction for EMF approved?

The management fee reduction was approved by the board of trustees on February 28, 2022.

Who manages the Templeton Emerging Markets Fund (EMF)?

The Templeton Emerging Markets Fund is managed by Franklin Resources, Inc. (NYSE: BEN).

What are the current management fees for Templeton Emerging Markets Fund before the reduction?

The current management fees are 1.25% for assets up to $1 billion, 1.20% for assets over $1 billion up to $5 billion, and 1.15% for assets over $5 billion up to $10 billion.

How much assets under management does Franklin Resources, Inc. have?

Franklin Resources, Inc. has approximately $1.5 trillion in assets under management as of February 28, 2022.