TDF - Templeton Dragon Fund

What this means for you

One or more large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. May 15, 2026

   City of London raised its stake to 35.5% (from 34.5%), as a passive investor.

   Original document →

2. Nov 14, 2024

   City of London raised its stake to 34.5% (from 31.3%), as a passive investor.

   Original document →

3. Jan 4, 2024

   City of London now owns 31.3%, as a passive investor.

   Original document →

About this fund

• Run by Templeton Investment Counsel, LLC. Part of the Franklin Templeton Group of Funds fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $319 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund does not borrow. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.1% a year in management fees; 1.2% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $0.40 a share. $0.30 of that was income; $0.10 was your own money back, not income. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $13.02. The shares traded at $11.26, about 13.5% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 4.8% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +13.5%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Dec 31, 2025): the value of the holdings returned +29.7%. How the share price did: the shares returned +37.7% over the same year, counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 1994.

What the fund holds

Mostly shares (95%), the rest cash and short-term holdings. About 8% issued in the U.S.

1. Tencent Holdings Ltd. - 8.3%
2. GigaDevice Semiconductor, Inc. class A shares - 7%
3. WUS Printed Circuit Kunshan Co. Ltd. class A shares - 6.7%
4. Zhongji Innolight Co. Ltd. class A shares - 6.3%
5. Alibaba Group Holding Ltd. - 5.9%
6. Cash and short-term - 5.1%
7. Contemporary Amperex Technology Co. Ltd. class A shares - 3.7%
8. Zijin Gold International Co. Ltd. - 3.1%
9. China Construction Bank Corp. class H shares - 3%
10. ACM Research, Inc. class A shares - 2.8%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →