TDADX Fees and Costs — Templeton Developing Markets Trust, Advisor Class
Data updated: 2026-08-27
The net expense ratio is 0.99%: a 1.03% management fee plus 0.23% other expenses, less a 0.28% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $451K in broker commissions, 0.0300% of average net assets, and portfolio turnover was 19%.
TDADX Fees and Expenses
Annual operating expenses and sales charges of TDADX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.03% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.28% |
| Net expense ratio | 0.99% |
| 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 |
TDADX Costs Over Time
On $10,000 invested in TDADX, assuming 5% a year before costs, total costs come to $638 over 5 years, cutting the return by 1.07% 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 0.99%) | $104 | $324 | $562 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $17 | $58 |
| Total costs | $107 | $351 | $638 |
| Value after costs | $10,393 | $11,226 | $12,125 |
| Impact on return, per year | 1.07% | 1.07% | 1.07% |
TDADX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0300%
- Total broker commissions: $451K
- Bought from dealers (principal trades, not a cost): $760.0M
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $23.3M
- Net income from securities lending: $84K (0.006% of average net assets)
TDADX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $55K | 17.12% |
| HSBC Securities (USA) Inc. | $37K | 11.41% |
| CLSA Americas, LLC | $37K | 11.40% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $36K | 11.25% |
| Morgan Stanley & Co. LLC | $29K | 9.11% |
| Citigroup Global Markets Inc. | $29K | 9.03% |
| Macquarie Group Limited | $28K | 8.80% |
| Goldman Sachs & Co. LLC | $26K | 8.18% |
| UBS Securities LLC | $24K | 7.51% |
| Instinet, LLC | $20K | 6.18% |
TDADX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $744.9M | 98.02% |
| Morgan Stanley & Co. LLC | $6.2M | 0.82% |
| HSBC Securities (USA) Inc. | $5.6M | 0.74% |
| Fiduciary Trust Company International | $2.7M | 0.36% |
| Citigroup Global Markets Inc. | $576K | 0.08% |
| CORPORATIVO GBM, S.A.B. DE C.V. | $7 | 0.00% |
Templeton Developing Markets Trust Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FDEVX | Class R6 | 0.86% | none |
| TDADX | Advisor Class | 0.99% | none |
| TEDMX | Class A | 1.24% | 5.50% |
| TDMRX | Class R | 1.49% | none |
| TDMTX | Class C | 1.99% | none |
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.