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Managed Fund Since 2014
Fixed Income
FEMDX Franklin Emerging Market Debt Opportunities Fund
Popular Documents
Total Net Assets
$137.71M
As of 01/31/2026 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks high total return by investing mainly in debt obligations of sovereign and subsovereign issuers located in emerging countries. The fund may invest up to 100% of its assets in high yield, lower quality debt securities.
- Benchmark
- JP Morgan EMBI Global Diversified Index
- Additional Benchmark
- JP Morgan EMBI Global Diversified ex-GCC Index
- Additional Benchmark
- JP Morgan GBI-EM Broad Diversified Index
- Additional Benchmark
- ICE BofA Emerging Market Corporate Plus (USD Hedged) Index
- Dividend Frequency, if any
- Annually
- Fund Inception Date
- 05/24/2006
- Number of Holdings
As of 01/31/2026 (Updated Monthly) - 139
- Effective Duration
As of 01/31/2026 (Updated Monthly) - 4.43 Years
Identifiers
- Ticker
- FEMDX
- Fund Number
- 699
- CUSIP Code
- 353533813
Average Annual Total Returns As of 01/31/2026
Advisor Class
- 16.12%1 Year
- 13.88%3 Years
- 7.11%5 Years
- 7.50%10 Years
- 6.79%Since Inception
05/24/2006
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 Sectors
As of 01/31/2026 - Market Value % of Total (Updated Monthly)
Sovereign73.29% | |
Corporates10.52% | |
Quasi-Sovereign9.29% | |
Supranational4.26% | |
Residual2.63% |
Additional Fund Info
- Share Class Inception Date
- 05/24/2006
- Investment Style
- Multi-Sector
- Lipper Classification
- Emerging Markets Hard Currency Debt Funds
- Morningstar Category
6 - Emerging Markets Bond
Manager and Commentary
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-drives approach means maintaining portfolio and risk exposures that align with client expectations.
Franklin Templeton Fixed Income
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Managed Fund Since 2015
Latest Insights
January 26, 2026
January 8, 2026
Performance
Average Annual Total Returns
As of 01/31/2026
Selected Month January 2026
Advisor Class - With Sales Charge (POP) (%)
Month End
As of 01/31/2026
Advisor Class - Without Sales Charge (NAV) (%)
Month End
As of 01/31/2026
JP Morgan EMBI Global Diversified Index (%)
Month End
As of 01/31/2026
JP Morgan EMBI Global Diversified ex-GCC Index (%)
Month End
As of 01/31/2026
JP Morgan GBI-EM Broad Diversified Index (%)
Month End
As of 01/31/2026
ICE BofA Emerging Market Corporate Plus (USD Hedged) Index (%)
Month End
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. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 3
©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.
Portfolio
Assets
As of01/31/2026 (Updated Monthly)
- Total Net Assets
- $137.71 Million
Positions
As of 01/31/2026 (Updated Monthly)
Number of Holdings
- Fund
- 139
- Benchmark
- 1,042
Portfolio Statistics
As of 01/31/2026 (Updated Monthly)
Effective Duration
- Fund
- 4.43 Years
- Benchmark
- 6.54 Years
- Fund
- 7.72 Years
- Benchmark
- 10.81 Years
Sector Allocation 8
As of 01/31/2026 - Market Value % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Sovereign | 73.29% | 79.91% |
Corporates | 10.52% | — |
Quasi-Sovereign | 9.29% | 20.09% |
Supranational | 4.26% | — |
Residual | 2.63% | — |
Holdings
As of 01/31/2026 (Updated Monthly)
Franklin Institutional U.S. Government Money Market Fund OEMF-SWEEP MONEY MARKET PORTFOLIO
Turkiye Government Bond 36% 08/12/2026
El Salvador Government International Bond 7.65% 06/15/2035 REG S
Ethiopia International Bond 6.625% 12/11/2024 144A *DEFAULT*
Mexican Bonos 8% 11/07/2047
Ivory Coast Government International Bond 4.875% 01/30/2032 144A
Brazil Notas do Tesouro Nacional Serie B 6.00% 05/15/2035 INDEX LINKED
REPUBLIC OF IRAQ 5.80% 01/15/2028 REG S
Angolan Government International Bond 8.75% 04/14/2032 144A
Republic of South Africa Government Bond 8.75% 02/28/2048
Distributions & Tax
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
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
12/19/2025
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
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin Emerging Market Debt Opportunities Fund - Advisor Class | |||
| Annual Financial Statements and Other Information - Franklin Global Trust | |||
| Semi-Annual Report - Franklin Emerging Market Debt Opportunities Fund - Advisor Class | |||
| Semi-Annual Financial Statements and Other Information - Franklin Global Trust | |||
| Prospectus - Franklin Emerging Markets Debt Opportunities Fund | |||
| Summary Prospectus - Franklin Emerging Markets Debt Opportunities Fund | |||
| Statement of Additional Information - Franklin Emerging Markets Debt Opportunities Fund | |||
| Application - Franklin Account | |||
| Application - Franklin IRA | |||
| Fiscal Q1 Holdings - Franklin Global Trust | |||
| Fiscal Q3 Holdings - Franklin Global Trust |
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. Changes in the credit rating of a bond, or in the credit rating or financial strength of a bond’s issuer, insurer or guarantor, may affect the bond’s value. 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. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Active management does not ensure gains or protect against market declines. 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. These and other risks are discussed in the fund’s prospectus.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional 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.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
The JP Morgan EMBI Global Diversified Index includes U.S. dollar-denominated emerging market sovereign and quasi-sovereign bond index, which excludes bonds from the countries in the Gulf Cooperation Council. It has a distinct diversification scheme that allows a more even weight distribution among the countries in the index.
Source: JP Morgan.
The JP Morgan GBI-EM Global Diversified Index tracks total returns for local-currency bonds issued by emerging market governments. The index includes only those countries that are accessible by most of the international investor base and excludes countries with explicit capital controls, but it does not factor in regulatory/tax hurdles in assessing eligibility. For this index, the maximum weight to a country is capped at 10%.
Source: JP Morgan.
The ICE BofA Emerging Markets Corporate Plus (USD Hedged) Index is a capitalization-weighted fixed income index hedged to the U.S. dollar (USD) and includes USD- and euro-denominated emerging markets non-sovereign debt publicly issued within the major domestic and eurobond markets.
Source: The index data referenced herein is the property of Intercontinental Exchange ("ICE") and/or its licensors and has been licensed for use by Franklin Templeton. ICE and its licensors accept no liability in connection with this use.
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.