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Managed Fund Since 2026
Fixed Income Active
TEMD Templeton Emerging Markets Debt ETF
- Integrates high-conviction research with an index-aware framework: The strategy draws on Templeton Global Macro's long-standing emerging markets expertise, integrating deep country-level research with top-down macro analysis to inform active country weightings relative to a traditional emerging markets sovereign debt index.
- Hard-currency core with select local-currency yield opportunities: Maintains a minimum 50% allocation to U.S. dollar- and euro-denominated emerging markets sovereign debt, complemented by selective local-currency exposure to seek higher yield and total return potential while actively managing currency risk.
- A differentiated source of diversification: The strategy's blended hard- and local-currency approach, paired with active responsiveness to evolving macroeconomic and country-specific fundamentals, may offer differentiated return drivers within fixed income allocations and contribute to broader portfolio diversification.
Popular Documents
Overview
Fund Facts
Fund description
The Fund's investment goal is to seek total return consisting of a combination of interest income and capital appreciation. Under normal market conditions, the Fund invests at least 80% of its net assets in emerging market debt securities and in derivatives and other instruments that have economic characteristics and provide investment exposure similar to emerging market debt securities.
- Benchmark
- JP Morgan EMBI Global Diversified Index
- Fund Inception Date
- 01/20/2026
- Listing Exchange
- NYSE Arca
- Dividend Frequency, if any
- Monthly
- Distribution Rate at NAV
As of 02/11/2026 (Updated Daily) - 1.55%
Identifiers
- Ticker
- TEMD
- CUSIP Code
- 35473P314
- ISIN Code
- US35473P3148
- Bloomberg Code
- TEMD US
Average Annual Total Returns As of 01/31/2026
- —1 Year
- —3 Years
- —5 Years
- —10 Years
- 1.20%Since Inception
01/20/2026
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Asset Allocation
As of 01/31/2026 - Market Value % of Total (Updated Monthly)
Fixed Income96.22% | |
Cash & Cash Equivalents3.78% |
Additional Fund Info
- Fiscal Year End
- March 31
- ETF Type
- Active
- Morningstar Category
- Emerging Markets Bond
Trading Characteristics
- Shares Outstanding
- 2,000,000
- Daily Volume
- 400,967
- 20-Day Average Volume
- 20109.75
Manager and Commentary
About the Team
Templeton Global Macro
Templeton Global Macro employs a research-intensive, high-conviction approach to investing in the global sovereign debt market. Blending rigorous country-by-country research and top-down macro analysis, the team seeks to identify the most compelling longer-term opportunities across interest-rates, currencies, and sovereign credit spreads.
Franklin Templeton Fixed Income
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Managed Fund Since 2026
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Managed Fund Since 2026
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Managed Fund Since 2026
Latest Insights
February 10, 2026
January 29, 2026
October 3, 2025
August 5, 2025
Performance
Average Annual Total Returns
As of 01/31/2026
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 are based on Market Price or NAV, assume the reinvestment of all distributions and the deduction of all Fund expenses. Performance would have been lower if expenses had not been waived in various periods. Returns for periods of less than one year are not annualized.
Selected Month January 2026
Templeton Emerging Markets Debt ETF - Market Price Return (%)
Month End
As of 01/31/2026
Templeton Emerging Markets Debt ETF - NAV Return (%)
Month End
As of 01/31/2026
JP Morgan EMBI Global Diversified Index (%)
Month End
As of 01/31/2026
Portfolio
Assets
As of02/11/2026 (Updated Daily)
- Total Net Assets
- $50.83 Million
Positions
As of 01/31/2026 (Updated Monthly)
Number of Holdings
- Fund
- 55
- Benchmark
- 1,042
Portfolio Statistics
As of 01/31/2026 (Updated Monthly)
Yield to Maturity 5
- Fund
- 8.83%
- Benchmark
- 6.79%
- Fund
- 5.87 Years
- Benchmark
- 6.54 Years
- Fund
- 8.66 Years
- Benchmark
- 10.61 Years
Asset Allocation
As of 01/31/2026 - Market Value % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Fixed Income | 96.22% |
Cash & Cash Equivalents | 3.78% |
Holdings
As of 02/11/2026 (Updated Daily)
EURO BK RECON& 6.875 7/31
CURRENCY CONTRACT - USD
PHILIPPINES(R 6.375 10/34
CURRENCY CONTRACT - USD
BRAZIL NTN-F 10 1/33
REP SOUTH AFRICA 9 1/40
PANAMA 6.7 1/36
CURRENCY CONTRACT - MXN
EGYPT T-BILL 0 1/27
ABU DHABI GOVT 4.25 10/35
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Rates and Yields
Distribution Rate
At Net Asset Value (NAV) 1.55%
Distributions are not guaranteed and are subject to change.
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
02/03/2026
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 or statement of additional information for specific information regarding distributions.
Pricing
Pricing History
As of 02/11/2026 (Updated Daily)
Daily Fund Prices
As of 02/11/2026
Share Prices
As of 02/11/2026
52-Week Range
- Highest NAV
As of 02/11/2026 - $25.42
- Lowest NAV
As of 01/20/2026 - $25.00
- Highest Market Price
As of 02/10/2026 - $25.52
- Lowest Market Price
As of 02/02/2026 - $25.26
Premium / Discount
As of 02/11/2026
- 30-Day Median Bid/Ask Spread
- 0.24%
- Bid / Ask Spread
- $0.06
- Avg. of Market Price vs. NAV at Close
- 0.39%
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Prospectus - Templeton Emerging Markets Debt ETF | |||
| Summary Prospectus - Templeton Emerging Markets Debt ETF | |||
| Statement of Additional Information - Templeton Emerging Markets Debt ETF |
Risks
All investments involve risks, including possible loss of principal. 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. 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. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Currency management strategies could result in losses to the fund if currencies do not perform as expected. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. 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. The portfolio is, or could become, non-diversified and may invest in a relatively small number of issuers, which may negatively impact the performance and result in greater fluctuation in value. 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. The fund is newly organized, with a limited history of operations. These and other risks are discussed in the fund's prospectus.
Important Information
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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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.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.
Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.
Franklin Templeton, its affiliated companies, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
ETFs trade like stocks, fluctuate in market value and may trade at prices above or below their net asset value. Brokerage commissions and ETF expenses will reduce returns. ETF shares may be bought or sold throughout the day at their market price (MP), not their Net Asset Value (NAV), on the exchange on which they are listed. Shares of ETFs are tradable on secondary markets and may trade either at a premium or a discount to their NAV on the secondary market. Prior to trading in the secondary market, shares of the fund are "created" at NAV by market makers, large investors and institutions only in block-size Creation Units. Each "creator" or "Authorized Participant" enters into an authorized participant agreement with Franklin Distributors, LLC. Only an Authorized Participant may create or redeem Creation Units directly with the fund. Retail investors buy and sell shares of ETFs at market price (not NAV) in the secondary market throughout the trading day. These shares are not individually available for purchase or redemption directly from the ETF.
Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares.
The JP Morgan EMBI Global Diversified Index includes U.S. dollar-denominated emerging market sovereign and quasi-sovereign bond index. It has a distinct diversification scheme that allows a more even weight distribution among the countries in the index.
Source: JP Morgan.