Templeton Dragon Fund, Inc.
New York Stock ExchangeRecent
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ROIC.AI
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- Templeton Dragon Fund, Inc. (TDF) is a closed-end fund that seeks long-term capital appreciation primarily through equity securities of China companies, with at least 45% of its total assets invested in such securities listed on exchanges in mainland China, Hong Kong, Taiwan or elsewhere that benefit from China's economic development; the fund allocates across sectors including media and entertainment, consumer discretionary distribution and retail, technology hardware and equipment, capital goods, and consumer services, with a portfolio of 62 issuers featuring a blend of large-cap (over 50% above $50 billion market cap), mid-cap, and smaller positions; it trades on the New York Stock Exchange with a net asset value around $13 per share, market price near $11, and a persistent discount to NAV of approximately 15%; managed by Nicholas Chui, Tony Sun, and Eric Mok from Hong Kong since 2020, 2025, and 2023 respectively, the fund operates under Franklin Resources, Inc., with headquarters effectively in California and inception in 1989. The fund pays quarterly distributions of $0.10 per share under a managed distribution plan approved by its Board of Trustees, sourced from net investment income, short-term capital gains, and return of capital as needed; its portfolio emphasizes non-diversified exposure to emerging market risks magnified in China, Hong Kong, and Taiwan, including currency fluctuations, political uncertainties, and liquidity constraints. In February 2025, the Board implemented key initiatives to narrow the NAV discount, including a management fee reduction, the managed distribution plan, and an open-market share repurchase program authorizing up to 10% of common shares; in April 2025, Tony Sun joined as an additional portfolio manager to the team led by Nicholas Chui and Eric Mok, enhancing emerging markets equity expertise; through 2025, the fund continued regular distribution notifications with varying sources, such as 73% net investment income and 27% short-term gains year-to-date as of June 30, alongside share repurchases under the new program.
Templeton Dragon Fund, Inc. (“TDF”) Announces Distribution
TDF: Chinese Economy Has Some Headwinds, But This Fund Is Decent
Templeton Dragon Fund, Inc. (“TDF”) Announces Notification of Sources of Distributions
Templeton Dragon Fund, Inc. (“TDF”) Announces Distribution
Templeton Dragon Fund, Inc. (“TDF”) Announces Notification of Sources of Distributions
Templeton Dragon Fund, Inc. (“TDF”) Announces Distribution
Templeton Dragon Fund, Inc. Announces Upcoming Portfolio Management Change
Templeton Dragon Fund, Inc. (“TDF”) Announces Notification of Sources of Distributions
Templeton Dragon Fund, Inc. (“TDF”) Announces Distribution
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