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Managed Fund Since 2006
Fixed Income
TEI Templeton Emerging Markets Income Fund
Popular Documents
Overview
Fund Facts
Fund description
The fund seeks high, current income, with a secondary goal of capital appreciation, by investing under normal market conditions, at least 80% of its net assets in income-producing securities of sovereign or sovereign-related entities and private sector companies in emerging market countries.
Section 16 Filings
Insiders' Beneficial Ownership Reports for this fund are available on the SEC website.
- Fund Inception Date
- 09/23/1993
- Total Net Assets
As of 06/30/2026 (Updated Monthly) - $332.83 Million
- Dividend Frequency, if any
- Monthly
- Morningstar Category
5 - Emerging Markets Bond
- Asset Class
- Fixed Income
Identifiers
- Ticker
- TEI
- NAV Symbol
- N/A
- CUSIP Code
- 880192109
Average Annual Total Returns As of 06/30/2026
- 28.44%1 Year
- 22.78%3 Years
- 8.35%5 Years
- 5.15%10 Years
- 7.76%Since Inception
09/23/1993
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns based on Market Price or NAV, and assume the reinvestment of all distributions at the Dividend Reinvestment Plan Price or NAV, respectively. Returns include the deduction of management fees, operating expenses and all other fund expenses, and do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Returns for periods of less than one year are not annualized.
Top Asset Allocation
As of 06/30/2026 - Market Value % of Total (Updated Monthly)
Fixed Income115.21%
Equity0.01%
Cash & Cash Equivalents-15.22%
Additional Fund Info
- Listing Exchange
- NYSE
- Fiscal Year End
- December 31
- Benchmark
- JP Morgan EMBI Global Index
- Lipper Classification
- Emerging Markets Hard Currency Debt Funds
- Investment Style
- Government
Trading Characteristics
- Shares Outstanding
- 47,228,418
- Initial Offering (Shares of common stock /beneficial interest)
- 47,000,000.00
- Initial Offering Price
- $15.00
Manager
About the Team
Franklin Templeton Fixed Income
A global leader in fixed income, the team strives to provide consistent and resilient returns by combining deep fundamental research with rigorous portfolio construction. This solutions-driven approach means maintaining portfolio and risk exposures that align with client expectations.
Commentary Highlights
June 30, 2026- Markets: Global growth data released during the second quarter of 2026 painted a generally resilient picture despite the ongoing war in the Middle East, although the euro area remained a pocket of weakness. Inflation rates were mostly higher, partly as the effects of higher energy prices related to the war fed into the data. The US dollar (USD) rose modestly over the quarter, supported by a more hawkish view of US policy rates. The US Federal Reserve kept the fed funds rate unchanged over the quarter, although its tone turned more hawkish at its June meeting, while a number of other developed market central banks raised policy rates, including the European Central Bank. Emerging market (EM) sovereign bond yields fell across most regions during the period. Developed market sovereign bond yields showed mixed performance. Yields in the United States rose, while most other developed market sovereign bond yields were lower. The US 10-year Treasury note’s yield rose by 15 basis points to 4.47% over the period.
- Contributors: Overall credit exposures contributed to absolute fund performance, as did interest-rate strategies and currency positions.
- Detractors: Duration exposure in Uzbekistan detracted from absolute fund results.
- Outlook: We maintain our thesis that global rewiring is underway and expect global relations to continue shifting and realigning for some time yet.
Franklin Templeton Fixed Income
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Managed Fund Since 2018
Latest Insights
July 17, 2026
July 16, 2026
July 6, 2026
June 18, 2026
Performance
Average Annual Total Returns
As of 06/30/2026
Selected Month June 2026
Templeton Emerging Markets Income Fund - Market Price (%)
Month End
As of 06/30/2026
- 1 Year
- 28.44
- 3 Years
- 22.78
- 5 Years
- 8.35
- 10 Years
- 5.15
- Since Inception(09/23/1993)
- 7.76
Templeton Emerging Markets Income Fund - NAV (%)
Month End
As of 06/30/2026
- 1 Year
- 25.93
- 3 Years
- 19.23
- 5 Years
- 7.19
- 10 Years
- 3.57
- Since Inception(09/23/1993)
- 6.99
JP Morgan EMBI Global Index (%)
Month End
As of 06/30/2026
- 1 Year
- 10.62
- 3 Years
- 9.49
- 5 Years
- 2.52
- 10 Years
- 3.48
- Since Inception(09/23/1993)
- —
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns based on Market Price or NAV, and assume the reinvestment of all distributions at the Dividend Reinvestment Plan Price or NAV, respectively. Returns include the deduction of management fees, operating expenses and all other fund expenses, and do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Returns for periods of less than one year are not annualized.
Portfolio
Assets
As of06/30/2026 (Updated Monthly)
- Total Assets
- $397.83 Million
- Fixed Rate Loans
- 16.34%
- Total Net Assets
- $332.83 Million
Positions
As of 06/30/2026 (Updated Monthly)
Number of Holdings
- Fund
- 116
- Benchmark
- 1,063
Asset Allocation
As of 06/30/2026 - Market Value % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Fixed Income | 115.21% |
Equity | 0.01% |
Cash & Cash Equivalents | -15.22% |
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 8.19%
At Market Price 8.56%
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
06/23/2026
05/21/2026
04/23/2026
03/24/2026
02/20/2026
01/23/2026
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report for specific information regarding distributions.
Pricing
Pricing History
As of 07/23/2026 (Updated Daily)
Daily Fund Prices
As of 07/23/2026
Share Prices
As of 07/23/2026
52-Week Range
- Highest NAV
As of 02/17/2026 - $7.22
- Lowest NAV
As of 07/30/2025 - $6.31
- Highest Market Price
As of 02/11/2026 - $7.20
- Lowest Market Price
As of 03/27/2026 - $5.89
Premium / Discount
As of 07/23/2026
- Avg. of Market Price vs. NAV since Inception
- -7.11%
- Avg. of Market Price vs. NAV at Close
- -4.31%
Press Releases
06/30/2026
05/29/2026
05/20/2026
04/30/2026
04/13/2026
03/31/2026
02/27/2026
01/30/2026
01/13/2026
12/30/2025
Documents
Fund Literature
Factsheet - Templeton Emerging Markets Income Fund
Product Commentary - Templeton Emerging Markets Income Fund
Distribution Summary - Franklin Templeton Closed-End Fund
Brochure - Closed-end funds Product Guide
Regulatory Documents
Annual Report - Templeton Emerging Markets Income Funds
Semi-Annual Report - Templeton Emerging Markets Income Funds
TEI Section 19 Notice as of 01/31/23
TEI Section 19 Notice as of 01/31/23
TEI Section 19 Notice as of 01/31/24
TEI Section 19 Notice as of 01/31/25
TEI Section 19 Notice as of 02/28/25
TEI Section 19 Notice as of 02/29/24
TEI Section 19 Notice as of 03/28/24
TEI Section 19 Notice as of 03/31/23
TEI Section 19 Notice as of 03/31/25
TEI Section 19 Notice as of 04/28/23
TEI Section 19 Notice as of 04/30/24
TEI Section 19 Notice as of 04/30/25
TEI Section 19 Notice as of 05/30/25
TEI Section 19 Notice as of 05/31/23
TEI Section 19 Notice as of 05/31/24
TEI Section 19 Notice as of 06/28/24
TEI Section 19 Notice as of 06/30/23
TEI Section 19 Notice as of 06/30/25
TEI Section 19 Notice as of 07/31/23
TEI Section 19 Notice as of 07/31/24
TEI Section 19 Notice as of 07/31/25
TEI Section 19 Notice as of 08/29/25
TEI Section 19 Notice as of 08/30/24
TEI Section 19 Notice as of 08/31/23
TEI Section 19 Notice as of 09/29/23
TEI Section 19 Notice as of 09/30/24
TEI Section 19 Notice as of 09/30/25
TEI Section 19 Notice as of 1/30/26
TEI Section 19 Notice as of 10/31/23
TEI Section 19 Notice as of 10/31/24
TEI Section 19 Notice as of 10/31/25
TEI Section 19 Notice as of 11/28/25
TEI Section 19 Notice as of 11/29/24
TEI Section 19 Notice as of 11/30/23
TEI Section 19 Notice as of 12/29/23
TEI Section 19 Notice as of 12/31/24
TEI Section 19 Notice as of 12/31/25
Fiscal Q1 Holdings - Templeton Emerging Markets Income Funds
Fiscal Q3 Holdings - Templeton Emerging Markets Income Funds
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Liquidity risk exists when securities or other investments become more difficult to sell, or are unable to be sold, at the price at which they have been valued. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated.
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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Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.