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Templeton Dragon Fund Inc (N:TDF)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEC
Company Contact
Address: 300 S.E. 2Nd Street
FORT LAUDERDALE FL 33301-1923
Tel: N/A
Website: https://www.franklintempleton.com
IR: See website
Key People
Gregory E. Johnson
Chairman of the Board, Vice President
Susan Kerr
Vice President - AML Compliance
Manraj S. Sekhon
President, Chief Executive Officer - Investment Management
Christopher Kings
Chief Financial Officer, Chief Accounting Officer, Treasurer
Matthew T. Hinkle
Chief Executive Officer - Finance and Administration
Breda M. Beckerle
Chief Compliance Officer
Lori A. Weber
Vice President, Secretary
Alison E. Baur
Vice President, Assistant Secretary
Steven J. Gray
Vice President, Assistant Secretary
Navid J. Tofigh
Vice President, Assistant Secretary
   
Business Overview
Templeton Dragon Fund, Inc. is a closed-end management investment company. The Fund seeks long-term capital appreciation by investing at least 45% of its total assets in equity securities of China companies. The Fund may invest in companies listed on exchanges in mainland China, Hong Kong, Taiwan, or elsewhere. It invests in various sectors, including air freight and logistics; automobiles; banks; beverages; biotechnology; capital markets; chemicals; construction materials; containers and packaging; electrical equipment; instruments and components; entertainment; food and staples retailing; food products; health care equipment and supplies; health care providers and services; hotels, restaurants and leisure; insurance; interactive media and services; Internet and direct marketing retail; information technology (IT) services; life science tools and services; machinery; media; metals and mining; pharmaceuticals, and others. The Fund's investment manager is Templeton Asset Management Ltd.
Financial Overview
For the fiscal year ended 31 December 2023, Templeton Dragon Fund Inc revenues increased 24% to $6M. Net loss decreased 52% to $88.5M. Revenues reflect Dividend Income - Investment increase of 22% to $5.8M, Dividend Income increase from $56K to $177K, Other Business Related increase from $16K to $39K. Lower net loss reflects Investment Unaffiliated issuers decrease of 71% to $48.7M (expense), Other decrease of 61% to $12K (expense).