Templeton Emerging Markets Fund Announces Management Fee Decrease
21 März 2022 - 11:00AM
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220321005429/en/
For more information, please contact Franklin Templeton at
1-800-342-5236.
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