TICEX Fees and Costs — Templeton International Climate Change Fund, Class R6
Data updated: 2024-07-23
The net expense ratio is 0.97% (6.80% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $624 in broker commissions, 0.0234% of average net assets, and portfolio turnover was 22%.
TICEX Fees and Expenses
Annual operating expenses and sales charges of TICEX. Prospectus, as of August 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.71% |
| 12b-1 fee | 0.00% |
| Other expenses | 6.06% |
| Gross expense ratio | 6.80% |
| Fee waiver | −5.83% |
| Net expense ratio | 0.97% |
| 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 |
TICEX Costs Over Time
On $10,000 invested in TICEX, assuming 5% a year before costs, total costs come to $621 over 5 years, cutting the return by 1.04% 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 0.97%) | $102 | $318 | $551 |
| Trading costs (broker commissions) | $2 | $8 | $13 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $342 | $621 |
| Value after costs | $10,396 | $11,235 | $12,141 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
TICEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0234%
- Total broker commissions: $624
- Bought from dealers (principal trades, not a cost): $3.9M
- Portfolio turnover (prospectus): 22%
- Securities lending: none during the year
TICEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $165 | 29.03% |
| Citigroup Global Markets Inc. | $130 | 22.76% |
| Goldman Sachs & Co. LLC | $56 | 9.77% |
| REDBURN (USA) LLC | $40 | 7.05% |
| J.P. Morgan Securities LLC | $38 | 6.59% |
| Jefferies LLC | $37 | 6.53% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $31 | 5.51% |
| Instinet, LLC | $26 | 4.53% |
| Rosenblatt Securities Inc. | $25 | 4.39% |
| Virtu Americas LLC | $22 | 3.85% |
TICEX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of New York Mellon Corp. | $3.6M | 93.18% |
| J.P. Morgan Securities LLC | $258K | 6.61% |
| Fiduciary Trust Company International | $8K | 0.21% |
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.