TEMZX Fees and Costs — Templeton Emerging Markets Small Cap Fund, Advisor Class
Data updated: 2026-07-27
The net expense ratio is 1.51%: a 1.40% management fee plus 0.35% other expenses, less a 0.25% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $234K in broker commissions, 0.0702% of average net assets, and portfolio turnover was 17%.
TEMZX Fees and Expenses
Annual operating expenses and sales charges of TEMZX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.76% |
| Fee waiver | −0.25% |
| Net expense ratio | 1.51% |
| 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 |
TEMZX Costs Over Time
On $10,000 invested in TEMZX, assuming 5% a year before costs, total costs come to $977 over 5 years, cutting the return by 1.66% 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 1.51%) | $159 | $492 | $848 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $26 | $90 |
| Total costs | $166 | $540 | $977 |
| Value after costs | $10,334 | $11,036 | $11,786 |
| Impact on return, per year | 1.66% | 1.66% | 1.66% |
TEMZX 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): 0.0702%
- Total broker commissions: $234K
- Bought from dealers (principal trades, not a cost): $137.7M
- Portfolio turnover (prospectus): 17%
- Securities on loan, average value: $4.4M
- Net income from securities lending: $8K (0.002% of average net assets)
TEMZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $25K | 16.72% |
| Citigroup Global Markets Inc. | $22K | 15.10% |
| J.P. Morgan Securities LLC | $16K | 11.04% |
| UBS Securities LLC | $16K | 10.73% |
| CLSA Americas, LLC | $14K | 9.46% |
| Kotak Securities Limited | $13K | 8.92% |
| Goldman Sachs & Co. LLC | $13K | 8.88% |
| HSBC Securities (USA) Inc. | $12K | 7.99% |
| Macquarie Group Limited | $9K | 5.96% |
| Nomura Securities International, Inc. | $8K | 5.20% |
TEMZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $135.0M | 98.06% |
| HSBC Securities (USA) Inc. | $938K | 0.68% |
| Kotak Securities Limited | $739K | 0.54% |
| Fiduciary Trust Company International | $464K | 0.34% |
| Edelweiss Securities Limited | $269K | 0.20% |
| SBICAP Securities Limited | $259K | 0.19% |
Templeton Emerging Markets Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FTEQX | Class R6 | 1.48% | none |
| TEMZX | Advisor Class | 1.51% | none |
| TEMMX | Class A | 1.76% | 5.50% |
| FTESX | Class R | 2.01% | none |
| TCEMX | Class C | 2.51% | 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.