Continue to site >
Trending ETFs

Name

As of 03/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.72

$80.5 M

0.00%

$0.00

2.50%

Vitals

YTD Return

-1.6%

1 yr return

-22.4%

3 Yr Avg Return

-27.7%

5 Yr Avg Return

-11.9%

Net Assets

$80.5 M

Holdings in Top 10

56.6%

52 WEEK LOW AND HIGH

$6.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.50%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 27.52%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.72

$80.5 M

0.00%

$0.00

2.50%

TCWCX - Profile

Distributions

  • YTD Total Return -1.6%
  • 3 Yr Annualized Total Return -27.7%
  • 5 Yr Annualized Total Return -11.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.76%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Templeton China World Fund
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Apr 12, 2004
  • Shares Outstanding
    314253
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Lai

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets in securities of "China companies.” The Fund invests primarily in the equity securities of China companies, which are those:

·that are organized under the laws of, or with a principal office in, the People’s Republic of China (China), Hong Kong or Taiwan; or.

·for which the principal trading market is in China, Hong Kong or Taiwan; or

·that derive at least 50% of their revenues from goods or services sold or produced, or have at least 50% of their assets, in China.

The equity securities in which the Fund invests are primarily common stock. The Fund also invests in American, Global and European Depositary Receipts. China companies may be any size across the entire market capitalization spectrum, including midsize companies and smaller, newly organized and relatively unseasoned issuers. Investments in Chinese companies may be made through a special structure known as a variable interest entity (VIE) that is designed to provide foreign investors with exposure to Chinese companies that operate in certain sectors in which China restricts or prohibits foreign investments. In addition to the Fund's main investments, the Fund may invest up to 20% of its net assets in securities that do not qualify as China company securities, but whose issuers, in the judgment of the investment manager, are expected to benefit from developments in the economy of China, Hong Kong or Taiwan. The Fund is a "non-diversified" fund, which means it generally invests a greater proportion of its assets in the securities of one or more issuers and invests overall in a smaller number of issuers than a diversified fund.

When choosing equity investments for the Fund, the investment manager applies a fundamental, research-driven, long-term approach, focusing on companies with sustainable earnings power that are trading at a discount to intrinsic worth. In assessing individual investment opportunities, the investment manager considers a variety of factors, including a company’s profit and loss outlook, balance sheet strength, cash flow trends and asset value in relation to the current price of the

company’s securities. The investment manager also focuses on incorporating environmental, social and governance (ESG) factors throughout the investment process, including the Fund’s security-selection and portfolio construction process.

The Fund focuses on companies with appropriate and/or good management of material ESG issues, and in analyzing ESG factors, the investment manager conducts a materiality-based ESG assessment through both in-depth research and engagement with companies as appropriate to assess how a company's practices are aimed at improving or maintaining the ESG footprint of its operating model. The following provides examples of ESG elements that can be taken into consideration when assessing a company:

·Environmental considerations, which can include issues such as resource efficiency, carbon emissions management, waste prevention and recycling and pollution prevention and control.

·Social considerations, which can include issues such as labor standards, fair wages, diversity and gender balance, health and safety practices and product safety.

·Governance considerations, which can include issues such as appropriate accounting practices, alignment of interests, board effectiveness, capital allocation, shareholder rights and quality of disclosures.

In addition, the investment manager assesses the potential for improvement through the Fund’s engagement as an active owner. These are targeted engagements with specific goals and objectives based on scope for improvement. The investment manager seeks companies that are good or improving stewards aligned with shareholder interest and the investment manager’s governance assessment includes regular dialogue with companies, monitoring material ESG issues and voting proxies.

The Fund also applies specific ESG exclusions, including companies which, according to the investment manager’s analysis:

·repeatedly and/or seriously violate the United Nations Global Compact Principles;

·manufacture nuclear or controversial weapons defined as anti-personnel mines, biological & chemical weaponry, depleted uranium and cluster munitions or those that manufacture components intended for use in such weapons (companies that derive more than 5% revenue from any other weapons are also be excluded);

·derive more than 25% of their revenue from thermal coal extraction; or

·manufacture tobacco or tobacco products.

The investment manager may consider selling an equity security when it believes the security has become overvalued due to either its price appreciation or changes

in the company’s fundamentals, when there is significant deterioration of its ESG factors, or when the investment manager believes another security is a more attractive investment opportunity.

Read More

TCWCX - Performance

Return Ranking - Trailing

Period TCWCX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -10.5% 7.6% 58.00%
1 Yr -22.4% -28.3% 24.5% 85.00%
3 Yr -27.7%* -30.4% 4.7% 95.60%
5 Yr -11.9%* -16.0% 15.5% 98.68%
10 Yr -3.3%* -4.4% 9.4% 98.21%

* Annualized

Return Ranking - Calendar

Period TCWCX Return Category Return Low Category Return High Rank in Category (%)
2023 -23.9% -26.6% 26.3% 89.00%
2022 -33.0% -41.6% -9.4% 90.32%
2021 -25.3% -52.5% 26.5% 87.78%
2020 7.0% 1.3% 138.5% 93.59%
2019 -1.9% -1.9% 42.6% 100.00%

Total Return Ranking - Trailing

Period TCWCX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -10.5% 7.6% 58.00%
1 Yr -22.4% -28.3% 24.5% 85.00%
3 Yr -27.7%* -30.4% 4.7% 95.60%
5 Yr -11.9%* -16.0% 15.5% 98.68%
10 Yr -3.3%* -4.4% 9.4% 98.21%

* Annualized

Total Return Ranking - Calendar

Period TCWCX Return Category Return Low Category Return High Rank in Category (%)
2023 -23.9% -25.7% 30.1% 91.00%
2022 -32.2% -40.4% -6.8% 94.62%
2021 -22.7% -48.9% 29.5% 84.44%
2020 33.1% 2.0% 138.5% 61.54%
2019 16.0% 7.8% 44.4% 88.16%

NAV & Total Return History


TCWCX - Holdings

Concentration Analysis

TCWCX Category Low Category High TCWCX % Rank
Net Assets 80.5 M 1.13 M 6.93 B 41.00%
Number of Holdings 42 26 1185 80.41%
Net Assets in Top 10 41.5 M 534 K 3.2 B 36.08%
Weighting of Top 10 56.56% 4.9% 81.8% 25.77%

Top 10 Holdings

  1. Tencent Holdings Ltd. 16.75%
  2. Alibaba Group Holding Ltd. 10.39%
  3. NetEase, Inc. 4.76%
  4. Meituan Dianping, Class B 4.69%
  5. Ping An Insurance Group Co. of China Ltd., Class H 4.21%
  6. Focus Media Information Technology Co. Ltd., Class A 3.68%
  7. Baidu, Inc., Class A 3.27%
  8. ANTA Sports Products Ltd. 3.01%
  9. Kweichow Moutai Co. Ltd., Class A 2.92%
  10. Wuxi Biologics Cayman, Inc. 2.88%

Asset Allocation

Weighting Return Low Return High TCWCX % Rank
Stocks
100.36% 0.00% 101.98% 6.12%
Cash
0.46% 0.00% 33.66% 81.44%
Preferred Stocks
0.00% 0.00% 2.60% 83.51%
Other
0.00% -0.02% 47.32% 79.38%
Convertible Bonds
0.00% 0.00% 0.15% 83.33%
Bonds
0.00% 0.00% 69.90% 83.67%

Stock Sector Breakdown

Weighting Return Low Return High TCWCX % Rank
Consumer Cyclical
29.96% 0.00% 95.37% 19.79%
Communication Services
21.49% 0.00% 41.06% 8.33%
Financial Services
10.45% 0.00% 41.62% 73.96%
Technology
9.52% 0.00% 58.02% 57.29%
Industrials
8.88% 0.00% 36.69% 58.33%
Healthcare
8.04% 0.00% 100.00% 54.17%
Consumer Defense
5.89% 0.00% 20.13% 68.75%
Basic Materials
3.69% 0.00% 19.86% 46.88%
Real Estate
2.08% 0.00% 22.12% 60.42%
Utilities
0.00% 0.00% 11.37% 93.75%
Energy
0.00% 0.00% 19.38% 91.67%

Stock Geographic Breakdown

Weighting Return Low Return High TCWCX % Rank
Non US
94.60% 0.00% 99.79% 36.08%
US
5.76% 0.00% 99.93% 44.33%

TCWCX - Expenses

Operational Fees

TCWCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.50% 0.09% 12.20% 16.49%
Management Fee 1.10% 0.09% 1.50% 96.00%
12b-1 Fee 1.00% 0.00% 1.00% 100.00%
Administrative Fee 0.15% 0.06% 0.25% 68.18%

Sales Fees

TCWCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load 1.00% 1.00% 1.00% 100.00%

Trading Fees

TCWCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TCWCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.52% 4.00% 241.00% 31.71%

TCWCX - Distributions

Dividend Yield Analysis

TCWCX Category Low Category High TCWCX % Rank
Dividend Yield 0.00% 0.00% 10.01% 99.00%

Dividend Distribution Analysis

TCWCX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annual

Net Income Ratio Analysis

TCWCX Category Low Category High TCWCX % Rank
Net Income Ratio -1.76% -1.76% 3.66% 100.00%

Capital Gain Distribution Analysis

TCWCX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

TCWCX - Fund Manager Analysis

Managers

Michael Lai


Start Date

Tenure

Tenure Rank

Aug 05, 2019

2.82

2.8%

He joined Franklin Templeton in August 2019. Prior to joining Franklin Templeton, he was lead portfolio manager of GAM Investments’ (GAM) China equity strategy since its inception in 2007. He also headed GAM’s Asian equity team in Hong Kong and was lead portfolio manager of GAM’s Asian strategy and co-manager for additional strategies. Lai is responsible for managing Asian funds. Before joining GAM in 1998, he was is senior vice president with TCW Asset Management Company, TCW Asia Limited and Trust Company of the West. Previously, he was as associate director with BZW Investment Management Hong Kong from August 1994 to June 1997 and a fund manager with Lehman Brothers Global Asset Management. Lai holds the Chartered Financial Analyst designation.

Eric Mok


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Eric Mok is a senior vice president, senior executive director, and portfolio manager of Templeton Asian equity strategies. He also has research responsibilities for companies in the technology sector across global emerging markets as well as companies in China and Taiwan. Prior to joining Franklin Templeton in 1998, Mr. Mok was a junior accountant with Rebecca Ling Chartered Accountant. He entered the financial services industry in 1998. Mr. Mok holds an M.S. in investment management from The Hong Kong University of Science and Technology and a B.S. in actuarial science and economics from the University of Toronto. He is a Chartered Financial Analyst (CFA) charterholder and speaks English, Cantonese and Mandarin.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 24.1 3.67 3.22