Templeton China World Fund (TCWAX)
The fund invests at least 80% of its net assets in securities of "China companies." It also invests in American, Global and European Depositary Receipts. China companies may be any size across the entire market capitalization spectrum. 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. It is non-diversified.
Fund Info
US88018X2018
88018X201
Sep 7, 1993
$1,000
Large-Cap
Growth
Expense Ratio
TCWAX has a high expense ratio of 1.85%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Templeton China World Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
TCWAX
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^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of TCWAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -10.34% | 7.58% | 1.03% | 3.63% | 1.96% | -2.06% | -1.55% | 0.14% | 19.94% | 15.08% | |||
| 2023 | 14.84% | -12.45% | 4.42% | -8.15% | -10.67% | 3.90% | 11.02% | -10.25% | -4.98% | -4.35% | -0.94% | -4.64% | -23.44% |
| 2022 | -2.93% | -6.93% | -13.20% | -6.34% | 1.69% | 12.44% | -11.67% | -0.99% | -16.93% | -20.50% | 34.84% | 3.24% | -32.48% |
| 2021 | 8.87% | -0.35% | -7.87% | 2.59% | 0.27% | 2.14% | -15.58% | -2.30% | -2.54% | 3.46% | -5.11% | -9.11% | -24.68% |
| 2020 | -5.36% | 2.96% | -9.04% | 7.99% | 0.19% | 11.55% | 9.35% | 5.39% | -1.21% | 3.71% | 0.94% | -15.27% | 8.04% |
| 2019 | 9.68% | 4.41% | 1.15% | 0.98% | -9.50% | 6.04% | 0.37% | -4.51% | 0.56% | 4.09% | 0.37% | -10.63% | 1.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of TCWAX is 4, meaning it’s performing worse than 96% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Templeton China World Fund (TCWAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Templeton China World Fund provided a 0.56% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.05 | $0.01 | $0.10 | $0.47 | $4.28 | $3.18 | $2.79 | $2.66 | $2.75 | $7.04 |
Dividend yield | 0.56% | 0.09% | 1.06% | 3.47% | 23.55% | 18.91% | 0.00% | 0.00% | 0.00% | 0.00% |
Monthly Dividends
The table displays the monthly dividend distributions for Templeton China World Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 | ||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.28 | $4.28 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.18 | $3.18 |
| 2018 | $2.79 | $2.79 | |||||||||||
| 2017 | $2.66 | $2.66 | |||||||||||
| 2016 | $2.75 | $2.75 | |||||||||||
| 2015 | $7.04 | $7.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Templeton China World Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Templeton China World Fund was 72.32%, occurring on Feb 2, 2024. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -72.32% | Nov 9, 2020 | 813 | Feb 2, 2024 | — | — | — |
| -32.47% | Apr 18, 2019 | 232 | Mar 19, 2020 | 76 | Jul 8, 2020 | 308 |
| -7% | Aug 31, 2020 | 8 | Sep 10, 2020 | 21 | Oct 9, 2020 | 29 |
| -6.3% | Jul 10, 2020 | 5 | Jul 16, 2020 | 14 | Aug 5, 2020 | 19 |
| -4.95% | Aug 7, 2020 | 2 | Aug 10, 2020 | 10 | Aug 24, 2020 | 12 |
Volatility
Volatility Chart
The current Templeton China World Fund volatility is 16.78%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.