Closed-end investment companies like the Templeton Russia and East European Fund, Inc. do not continuously offer shares to the public. Growth results from market appreciation, which benefits its shareholders. Sector funds like Templeton Russia and East European Fund, Inc. Are often used to change the impact of a particular country, or sector, in portfolio management.
The fund is managed by Dr Mark Mobius, who is the spokesman for the fund. TRF restricts management to investments that are tied economically to Russia or East European countries. 
The fund is a value-oriented, long-term, buy-and-hold vehicle in line with the Templeton investment philosophy. Management can influence the net asset value, but this is not of great concern to investors.
Wealth is shifting from the developed countries to the emerging, and frontier economies, which includes Russia and East European countries. These companies tend to be under-researched, and not so readily available to normal investors. By providing capital, and encouraging capitalism in emerging economies, TRF impacts countries in ways similar to the World Bank.
TRF employs a bottom-up, approach looking at the company’s potential for earnings and growth over a five-year horizon. And considering the company’s position in its sector, the economic framework, and political environment. TRFs low portfolio turnover is an indication of the confidence management has in its investments.
Shares of Templeton Russia and East European Fund, Inc. are traded on the New York Stock Exchange under the symbol “TRF.” Other China sector closed-end companies: GCH, CHN, TEMIT and [[JFC]. TRF has a Dividend Reinvestment Plan.
Mark Mobius "World Outlook 2010," 
Templeton Russia and East European Fund, Inc., 100 Fountain Parkway, P.O. Box 33030, St. Petersburg, FL 33733-8030.