NAV 1
$19.54
Market Price 2
$17.48
YTD Total Return At NAV 3
44.42%
YTD Total Return At Market Price
52.97%
Premium / Discount 4
-10.54%
Overall Morningstar Rating
Rating Category: Diversified Emerging Markets
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.
Morningstar Style Box
Source: Morningstar®. The style box reveals a fund's investment style. For equity funds, the vertical axis shows the market capitalization of the long stocks owned, and the horizontal axis shows the investment style (value, blend, or growth). For fixed income funds, the vertical axis shows the credit quality based on credit ratings and the horizontal axis shows interest-rate sensitivity as measured by effective duration. Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.
Historical Morningstar Ratings
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©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
The following initiatives are designed to reduce the fund’s discount to NAV and benefit shareholders:
1. Managed distribution plan where the fund will make quarterly distributions at a fixed rate of $0.22 per share with the first distribution expected to be paid on or about March 31, 2025;
2. Management fee reduction which will reduce the fund’s investment management fee by five basis points effective March 1, 2025;
3. Share repurchase program authorizing the purchase of up to 10% of the fund’s common shares through open-market transactions.
For more information, please refer to the February 26, 2025, press release.
Overview
Portfolio Managers
Performance
- Average Annual Total Returns
- Calendar Year Returns
- Cumulative Total Returns
- Risk Measures
Average Annual Total Returns
Calendar Year Returns
Cumulative Total Returns
Risk Measures
Portfolio
Portfolio Allocations
- Assets
- Geography
- Sector
- Market Capitalization
Assets
Geography
Sector
Market Capitalization
Portfolio Holdings
Distributions & Tax
- Distributions
- Tax Information
Distributions
Tax Information
Pricing
- Pricing
- Premium/Discount
Pricing
Premium/Discount
Press Releases
Documents
Fund Literature
Factsheet - Templeton Emerging Markets Fund
Closed-End Funds Product Guide
Distribution Summary - Franklin Templeton Closed-End Fund
Regulatory Documents
Annual Report - Templeton Emerging Markets Fund
Semi-Annual Report - Templeton Emerging Markets Fund
Mailed hardcopies unavailable.
EMF Section 19 Notice as of 12/29/23
Mailed hardcopies unavailable.
EMF Section 19 Notice as of 12/31/24
Mailed hardcopies unavailable.
EMF Section 19 Notice as of 3/31/25
Mailed hardcopies unavailable.
EMF Section 19 Notice as of 6/30/25
Mailed hardcopies unavailable.
EMF Section 19 Notice as of 9/30/25
Mailed hardcopies unavailable.
Fiscal Q1 Holdings - Templeton Emerging Markets Fund
Mailed hardcopies unavailable.
Fiscal Q3 Holdings - Templeton Emerging Markets Fund
Mailed hardcopies unavailable.
Risks
Important Information
The Closed-End Funds are not sold or distributed by Franklin Distributors, LLC. (FD, LLC) or any Franklin Templeton affiliated companies. Unlike open-end funds, shares are not continually offered. Like other public companies, closed-end funds have a one-time initial public offering, and once their shares are first issued, are generally bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges. Share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of exchange-traded closed-end funds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Investment return, market price and net asset value will fluctuate with changes in market conditions. The Funds are subject to investment risks, including the possible loss of principal invested.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
The MSCI Emerging Markets Index is a market capitalization-weighted index that is designed to measure equity market performance in the global emerging markets.
MSCI Emerging Markets Index-NR reflects the performance of MSCI Emerging Markets Index (gross returns) from fund inception through 12/31/2000 and the MSCI Emerging Markets Index-NR thereafter
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
Net Returns (NR) include income net of tax withholding when dividends are paid.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Footnotes
Net Asset Value (NAV) represents the value of a closed-end fund's underlying holdings per share. NAV is determined by dividing the total net assets of the fund by the number of shares outstanding. The fund calculates the NAV per share each business day normally coinciding with the close of trading on the New York Stock Exchange (NYSE).
Market Price, determined by supply and demand, is the price an investor purchases or sells the fund. The Market Price shown reflects the last trade on the listing exchange at the time that the fund's NAV is calculated.
Figures are aggregate total return figures, have not been annualized and represent the change in value of an investment over the period indicated.
Premium / Discount reflects the difference between the NAV and the Market Price of the fund, and represents the amount that the fund is trading above or below its NAV, expressed as a percentage of the NAV.
Net Returns (NR) include income net of tax withholding when dividends are paid.
Distribution Rate is calculated by annualizing the most recent distribution amount paid, divided by the closing market price or NAV as of the date indicated. The Distribution Rate calculation includes income and return of capital, and excludes special distributions. The Distribution Rate is not guaranteed, subject to change, and is not a quotation of fund performance.
Gross Expense Ratio reflects the total annual operating expenses for the share class shown, prior to the deduction of any waiver or reimbursement. Actual expenses may be higher and may impact portfolio returns. Net Expense Ratio reflects total expenses after any fee waivers, implemented expense caps or reimbursements. If a fund has contractual fee waivers, expense caps and/or reimbursements, the expiration date can be found by clicking on the information button next to the net expense ratio. Additional amounts may be voluntarily waived and/or reimbursed and may be modified or discontinued at any time without notice. Expense ratios are as of the most recent prospectus or annual report.
Net Expense Ratio represents the expense ratio applicable to investors.
Based on the Fund’s net assets of the common shares, as of the most recent Annual Report. See the fund’s Annual Report for information on the fund’s expenses.
Source for indexes: FactSet. The index is unmanaged and includes reinvestment of any income or distributions. It does not reflect any fees, expenses or sales charges. One cannot invest directly in an index, and an index is not representative of the fund's portfolio. Index data is provided for comparison purposes only. The fund is not managed against an index.
MSCI Emerging Markets Index-NR reflects the performance of MSCI Emerging Markets Index (gross returns) from fund inception through 12/31/2000 and the MSCI Emerging Markets Index-NR thereafter.
Dividend yield is calculated without the deduction of fees and expenses.
Yield figures quoted should not be used as an indication of the income that has or will be received. Yield figures are based on the portfolio's underlying holdings and do not represent a payout of the portfolio.
Based on the fund’s Net Asset Value (NAV)