C000069592 Fees and Costs — Templeton Frontier Markets Fund, Advisor Class
Data updated: 2020-02-28
The net expense ratio is 1.76%: a 1.40% management fee plus 0.67% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $364K in broker commissions, 0.4674% of average net assets, and portfolio turnover was 49%.
C000069592 Fees and Expenses
Annual operating expenses and sales charges of C000069592. Prospectus, as of July 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.67% |
| Gross expense ratio | 2.08% |
| Fee waiver | −0.32% |
| Net expense ratio | 1.76% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000069592 Costs Over Time
On $10,000 invested in C000069592, assuming 5% a year before costs, total costs come to $1,359 over 5 years, cutting the return by 2.34% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.76%) | $185 | $569 | $975 |
| Trading costs (broker commissions) | $49 | $151 | $259 |
| Lost growth on money paid in costs | $0 | $36 | $126 |
| Total costs | $234 | $756 | $1,359 |
| Value after costs | $10,266 | $10,820 | $11,403 |
| Impact on return, per year | 2.34% | 2.34% | 2.34% |
C000069592 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.4674%
- Total broker commissions: $364K
- Bought from dealers (principal trades, not a cost): $5.2M
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
C000069592 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MOMENTUM SP REID SEC LTD | $135K | 45.03% |
| AVIOR RESEARCH PROP LTD | $63K | 20.87% |
| EGYPTIAN FINANCIAL GROUP | $27K | 8.98% |
| HSBC SECURITIES (USA) INC | $17K | 5.69% |
| INVESTEC SECURITIES | $15K | 5.10% |
| MORGAN STANLEY & CO INC | $14K | 4.56% |
| EXOTIX LTD. | $11K | 3.79% |
| RENAISSANCE CAPITAL | $7K | 2.20% |
| DEUTSCHE BANK SECURITIES INC. | $6K | 1.90% |
| CREDIT LYONNAIS | $6K | 1.88% |
C000069592 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO INC | $2.1M | 39.89% |
| VIET CAPITAL SECURITY CO | $1.5M | 29.38% |
| SAIGON SECURITIES INC | $1.4M | 26.17% |
| EGYPTIAN FINANCIAL GROUP | $238K | 4.56% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.