TAEMX Fees and Costs — Templeton Emerging Markets Balanced Fund, Class A
Data updated: 2019-11-29
The net expense ratio is 1.49%: a 1.15% management fee, a 0.25% 12b-1 fee plus 0.91% other expenses, less a 0.83% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2018 the fund paid $14K in broker commissions, 0.0344% of average net assets, and portfolio turnover was 22%.
TAEMX Fees and Expenses
Annual operating expenses and sales charges of TAEMX. Prospectus, as of April 30, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.91% |
| Gross expense ratio | 2.32% |
| Fee waiver | −0.83% |
| Net expense ratio | 1.49% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
TAEMX Costs Over Time
On $10,000 invested in TAEMX, assuming 5% a year before costs, total costs come to $1,594 over 5 years, cutting the return by 2.76% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.49%) | $148 | $459 | $791 |
| Trading costs (broker commissions) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $27 | $110 | $234 |
| Total costs | $729 | $1,129 | $1,594 |
| Value after costs | $9,771 | $10,447 | $11,169 |
| Impact on return, per year | 7.29% | 3.53% | 2.76% |
TAEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2018.
- Explicit cost rate (commissions ÷ average net assets): 0.0344%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $18.4M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
TAEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC | $2K | 15.78% |
| HSBC SECURITIES (USA) INC | $1K | 14.42% |
| UBS SECURITIES LLC | $1K | 14.13% |
| JP MORGAN SECURITIES LLC | $1K | 13.78% |
| CREDIT LYONNAIS | $1K | 10.52% |
| DEUTSCHE BANK SECURITIES INC. | $791 | 7.81% |
| CREDIT SUISSE HOLDINGS (USA) INC | $730 | 7.21% |
| MERRILL LYNCH PIERCE FENNER & SMITH INC (FORMELYBANK OF AMERICA NA) | $574 | 5.67% |
| SCOTIA CAPITAL MARKET | $574 | 5.67% |
| MACQUARIE SECURITIES (USA) INC | $507 | 5.01% |
TAEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC | $7.9M | 42.68% |
| HSBC SECURITIES (USA) INC | $6.1M | 32.91% |
| JP MORGAN SECURITIES LLC | $1.7M | 9.39% |
| STANDARD CHARTERED HK | $955K | 5.19% |
| ABSA Ltd. | $768K | 4.17% |
| SANTANDER INVESTMENTS | $637K | 3.46% |
| BBVA SECURITIES INC | $292K | 1.59% |
| STANDARD EQUITIES | $50K | 0.27% |
| BANQUE NATIONALE DE PARIS | $44K | 0.24% |
| MERRILL LYNCH PIERCE FENNER & SMITH INC (FORMELYBANK OF AMERICA NA) | $20K | 0.11% |
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.