Gates Foundation Trust Maintains 1.17M Shares in Templeton Dragon Fund

TL;DR

**Gates Foundation Trust still holds over 1.17M shares in Templeton Dragon Fund.**

AI Summary

The Bill & Melinda Gates Foundation Trust filed an amended SC 13G/A on February 13, 2024, indicating their ownership of 1,175,008 shares of Templeton Dragon Fund, Inc. common stock as of December 31, 2023. This filing, an amendment number 6, shows that the Trust holds shared voting and shared dispositive power over these shares, with no sole voting or dispositive power. This matters to investors because it confirms the continued significant, albeit passive, investment by a major institutional trust in Templeton Dragon Fund, Inc., potentially signaling long-term confidence in the fund's strategy.

Why It Matters

This filing confirms a major, well-known institutional investor's continued stake in Templeton Dragon Fund, Inc., which can influence investor sentiment and perception of the fund's stability.

Risk Assessment

Risk Level: low — This filing is an amendment to a passive ownership stake and does not indicate any immediate change in investment strategy or significant risk.

Analyst Insight

Investors should note the continued presence of a major institutional investor, which can be a positive signal, but recognize this is a passive stake and doesn't imply active management changes or new strategic initiatives from the fund itself.

Key Numbers

• 1,175,008 — Shares Beneficially Owned (The number of common shares of Templeton Dragon Fund, Inc. held by the Bill & Melinda Gates Foundation Trust with shared voting and dispositive power.)
• December 31, 2023 — Date of Event (The date as of which the reported share ownership is accurate.)
• February 13, 2024 — Filing Date (The date the SC 13G/A amendment was filed with the SEC.)
• $0.01 — Par Value per Share (The stated par value of Templeton Dragon Fund, Inc. common shares.)

Key Players & Entities

• Bill & Melinda Gates Foundation Trust (company) — the reporting person and beneficial owner of shares
• Templeton Dragon Fund, Inc. (company) — the subject company whose shares are being reported
• Melinda French Gates (person) — a group member associated with the filing
• William H. Gates III (person) — a group member associated with the filing
• Washington (company) — State of organization for the Bill & Melinda Gates Foundation Trust

Forward-Looking Statements

• The Bill & Melinda Gates Foundation Trust will maintain a significant, passive stake in Templeton Dragon Fund, Inc. (Bill & Melinda Gates Foundation Trust) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.01 — Inc. (Name of Issuer) Common Shares, $0.01 par value per share (Title of Class o

Filing Documents

• tm245590d8_sc13ga.htm (SC 13G/A) — 71KB
• 0001104659-24-019941.txt ( ) — 72KB

From the Filing

SC 13G/A 1 tm245590d8_sc13ga.htm SC 13G/A UNITED SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 6)* Templeton Dragon Fund, Inc. (Name of Issuer) Common Shares, $0.01 par value per share (Title of Class of Securities) 88018T101 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 88018T101 1. Names of Reporting Persons Bill & Melinda Gates Foundation Trust 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power -0- 6. Shared Voting Power 1,175,008 (1) 7. Sole Dispositive Power -0- 8. Shared Dispositive Power 1,175,008 (1) 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,175,008 (1) 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 4.6% (2) 12. Type of Reporting Person (See Instructions) OO (1 ) For purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), all common shares (“Common Shares”) of Templeton Dragon Fund, Inc. (the “Issuer”) beneficially owned by Bill & Melinda Gates Foundation Trust (the “Trust”) may be deemed to be beneficially owned by William H. Gates III and Melinda French Gates as Co-Trustees of the Trust. (2 ) Based on 25,353,108 Common Shares outstanding, as reported by the Issuer on its website. CUSIP No. 88018T101 1. Names of Reporting Persons William H. Gates III 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization United States of America Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power -0- 6. Shared Voting Power 1,175,008 (1) 7. Sole Dispositive Power -0- 8. Shared Dispositive Power 1,175,008 (1) 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,175,008 (1) 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) 11. Percent of Class Represented by Amount in Row (9) 4.6% (2) 12. Type of Reporting Person (See Instructions) IN (1 ) The Trust beneficially owns 1,175,008 Common Shares of the Issuer. For purposes of Rule 13d-3 under the Exchange Act, all Common Shares beneficially owned by the Trust may be deemed to be beneficially owned by William H. Gates III and Melinda French Gates as Co-Trustees of the Trust. (2 ) Based on 25,353,108 Common Shares outstanding, as reported by the Issuer on its website. CUSIP No. 88018T101 1. Names of Reporting Persons Melinda French Gates 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨ 3. SEC Use Only 4. Citizenship or Place of Organization United States of America Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power -0- 6. Shared Voting Power 1,175,008 (1) 7. Sole Dispositive Power -0- 8. Shared Dispositive Power 1,175,008 (1) 9. Aggregate Amount Beneficially Owned by Each Reporting Person 1,175,008 (1) 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ 11. Percent of Class Represented by Amount in Row (9) 4.6% (2) 12. Type of Reporting Person (See Instructions) IN (1 ) The Trust beneficially owns 1,175,008 Common Shares of the Issuer. For purposes of Rule 13d-3 under the Exchange Act, all Common Shares beneficially owned by the Trust may be deemed to be beneficially owned by William H. Gates III and Melinda French Gates as Co-Trustees of the Trust. (2 ) Based on 25,353,108 Common Shares outstanding, as reported by the Issuer on its website. Item 1. (a) Name of Issuer: Templeton Dragon Fund, Inc. (the “Issuer”) (b) Address of Issuer’s Principal Executive Offices: 300 S.E. 2nd Street F

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View this SC 13G/A filing on SEC EDGAR