X hits on this document

116 views

0 shares

0 downloads

0 comments

19 / 40

Subsidiary Templeton Asset Management Ltd. (TAML)

Affiliation Investment manager

Franklin Templeton Services, LLC (FT Services)

Administrative manager

Templeton Emerging Markets Fund

Notes to Financial Statements (continued)

  • 1.

    ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (continued)

    • f.

      Guarantees and Indemnifications (continued)

in the normal course of business, the Fund enters into contracts with service providers that contain general indemnification clauses. The Fund’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred. Currently, the Fund expects the risk of loss to be remote.

Annual Report | 17

Annualized Fee Rate

Net Assets

1.100% 1.050% 1.000% 0.950% 0.900% 0.850%

Up to and including $1 billion Over $1 billion, up to and including $5 billion Over $5 billion, up to and including $10 billion Over $10 billion, up to and including $15 billion Over $15 billion, up to and including $20 billion In excess of $20 billion

The Fund’s Board of Trustees previously authorized an open-market share repurchase program pursuant to which the Fund may purchase, from time to time, Fund shares in open-market transactions, at the discretion of management. This authorization remains in effect. During the years ended August 31, 2011 and August 31, 2010, there were no shares repurchased.

a. Management Fees

Effective May 1, 2011, the Fund pays an investment management fee to TAML based on the average daily net assets of the Fund as follows:

2. SHARES OF BENEFICIAL INTEREST

At August 31, 2011, there were an unlimited number of shares authorized (without par value). Transactions in the Fund’s shares were as follows:

Shares issued in reinvestment of distributions . . .

3. TRANSACTIONS WITH AFFILIATES

Franklin Resources, Inc. is the holding company for various subsidiaries that together are referred to as Franklin Templeton Investments. Certain officers and trustees of the Fund are also officers and/or directors of the following subsidiaries:

2011

Year Ended August 31, 2010

Shares

Amount

Shares

Amount

$—

12,074

$236,892

Document info
Document views116
Page views116
Page last viewedTue Dec 06 00:21:38 UTC 2016
Pages40
Paragraphs2247
Words18169

Comments