TEFRX Fees and Costs — Templeton Foreign Fund, Class R
Data updated: 2026-07-27
The net expense ratio is 1.35%: a 0.70% management fee, a 0.50% 12b-1 fee plus 0.19% other expenses, less a 0.04% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.7M in broker commissions, 0.1044% of average net assets, and portfolio turnover was 44%.
TEFRX Fees and Expenses
Annual operating expenses and sales charges of TEFRX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.19% |
| Gross expense ratio | 1.39% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.35% |
| 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 |
TEFRX Costs Over Time
On $10,000 invested in TEFRX, assuming 5% a year before costs, total costs come to $902 over 5 years, cutting the return by 1.53% 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 1.35%) | $142 | $440 | $760 |
| Trading costs (broker commissions) | $11 | $34 | $59 |
| Lost growth on money paid in costs | $0 | $24 | $83 |
| Total costs | $153 | $498 | $902 |
| Value after costs | $10,347 | $11,078 | $11,861 |
| Impact on return, per year | 1.53% | 1.53% | 1.53% |
TEFRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1044%
- Total broker commissions: $2.7M
- Bought from dealers (principal trades, not a cost): $17.0B
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: $11.2M
- Net income from securities lending: $19K (0.001% of average net assets)
TEFRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $364K | 17.51% |
| Citigroup Global Markets Inc. | $356K | 17.12% |
| Liquidnet, Inc. | $229K | 11.00% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $224K | 10.74% |
| RBC Capital Markets, LLC | $191K | 9.19% |
| Goldman Sachs & Co. LLC | $179K | 8.61% |
| UBS Securities LLC | $167K | 8.04% |
| Virtu Americas LLC | $135K | 6.48% |
| Morgan Stanley & Co. LLC | $125K | 6.03% |
| CLSA Americas, LLC | $110K | 5.29% |
TEFRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| National Bank of Canada | $9.2B | 53.74% |
| RBC Capital Markets, LLC | $4.8B | 28.16% |
| TD SECURITIES (USA) LLC | $1.8B | 10.64% |
| Credit Agricole Securities (USA) Inc. | $1.2B | 7.25% |
| Bank of Montreal | $30.9M | 0.18% |
| UBS Securities LLC | $5.5M | 0.03% |
| Citigroup Global Markets Inc. | $15 | 0.00% |
Templeton Foreign Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FTFGX | Class R6 | 0.74% | none |
| TFFAX | Advisor Class | 0.85% | none |
| TEMFX | Class A | 1.10% | 5.50% |
| TEFRX | Class R | 1.35% | none |
| TEFTX | Class C | 1.85% | 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.