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Managed Fund Since 2013
Fixed Income
FEMRX Templeton Sustainable Emerging Markets Bond Fund
- Yield Seeking Flexibility: Taking an approach that is not constrained by its benchmark, the Fund pursues compelling yield opportunities across both local and non-local currency denominated emerging market sovereign bonds.
- Research-Driven Country and Currency Selection: High-conviction positioning informed by in-depth macroeconomic and country-specific research potentially delivers distinct sources of returns.
- Momentum Based Approach to ESG Integration: Utilizes a proprietary Environmental, Social and Governance scoring methodology that evaluates both current practices and forward-looking momentum, creating a differentiated approach to sustainable investing.
Popular Documents
Total Net Assets
$24.27M
As of 04/30/2026 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund's investment goal is to seek current income with capital appreciation as a secondary goal. Under normal market conditions, the fund invests at least 80% of its net assets in a non-diversified portfolio of government bonds issued by emerging market countries pursuant to the investment managers' investment strategy that emphasizes the current and projected sustainability efforts of emerging market countries in certain environmental, social and governance (ESG) categories (sustainability investment strategy).
Identifiers
- Ticker
- FEMRX
- Fund Number
- 812
- CUSIP Code
- 880208798
Average Annual Total Returns As of 04/30/2026
Class R6
- 18.14%1 Year
- 10.45%3 Years
- 3.60%5 Years
- 2.46%10 Years
- 1.80%Since Inception
04/01/2013
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 04/30/2026 - Market Value % of Total (Updated Monthly)
Fixed Income93.79% | |
Equity0.00% | |
Cash & Cash Equivalents6.21% |
Additional Fund Info
- Share Class Inception Date
- 05/01/2013
- Investment Style
- Government
- Lipper Classification
- Emerging Markets Local Currency Debt Funds
- Morningstar Category
11 - Emerging-Markets Local-Currency Bond
Manager and Commentary
About the Team
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.
Commentary Highlights
March 31, 2026- Markets: Growth data was mixed over the first quarter of 2026, showing fourth-quarter outcomes weak in the United States as a result of the government shutdown, modest but stable in the euro area and rebounding in Japan, as capital expenditure in particular was robust. Financial markets were dominated largely by the effects of the Middle East conflict later in the quarter. The US dollar (USD) rose, supported by it traditionally being perceived as a safe haven in times of risk aversion. Global monetary policy largely seemed to be in the late stages of its easing cycle, with pauses and a slower pace of rate cuts becoming more common, but the surge in oil prices following the onset of the war led to uncertainty about both growth and inflation outcomes. The US Federal Reserve (Fed) kept the policy rate unchanged over the quarter, as did most other developed market central banks, including the European Central Bank (ECB). In bond markets, most developed market and emerging market (EM) sovereign bond yields rose during the period, as stagflationary concerns dominated moves following the onset of the war in the Middle East. The yield on the 10-year US Treasury note rose 15 basis points to end the quarter at 4.32% (after having fallen to 3.94% in the immediate reaction to the start of the Middle East conflict).
- Contributors: The fund’s position in the Brazilian real contributed to absolute performance, as did duration exposure in Egypt.
- Detractors: Currency positions detracted from absolute fund results, as did overall credit exposures.
- Outlook: Despite the war, recent developments around trade and other economic relationships continue to support our thesis that global rewiring is underway.
Franklin Templeton Fixed Income
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Managed Fund Since 2018
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Managed Fund Since 2021
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Managed Fund Since 2021
Latest Insights
May 11, 2026
April 7, 2026
January 29, 2026
Performance
Average Annual Total Returns
As of 04/30/2026
Selected Month April 2026
Class R6 - With Sales Charge (POP) (%)
Month End
As of 04/30/2026
Class R6 - Without Sales Charge (NAV) (%)
Month End
As of 04/30/2026
JP Morgan GBI-EM Global Diversified Index (%) 4
Month End
As of 04/30/2026
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
©2026 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 of04/30/2026 (Updated Monthly)
- Total Net Assets
- $24.27 Million
Positions
As of 04/30/2026 (Updated Monthly)
Number of Holdings
- Fund
- 62
- Benchmark
- 444
Portfolio Statistics
As of 04/30/2026 (Updated Monthly)
Effective Duration
- Fund
- 4.33 Years
- Benchmark
- 5.24 Years
- Fund
- 6.05 Years
- Benchmark
- 7.66 Years
Currency Exposure
As of 04/30/2026 - Notional Exposure % of Total (Updated Monthly)
| Currency | Fund | Benchmark |
|---|---|---|
Latin America/Caribbean | 39.09% | 25.78% |
| Brazilian Real | 14.52% | 7.55% |
| Mexican Peso | 9.96% | 9.99% |
| Uruguayan Peso | 6.39% | 0.18% |
| Colombian Peso | 4.04% | 4.10% |
| Chilean Peso | 2.33% | 1.72% |
| Peruvian Nuevo Sol | 1.84% | 1.89% |
Asia | 25.55% | 47.22% |
| Malaysian Ringgit | 14.05% | 9.65% |
| Indian Rupee | 8.96% | 10.01% |
| Uzbek Som | 2.67% | — |
| Kazakhstani Tenge | 2.39% | — |
| South Korean Won | 2.30% | — |
| Thai Baht | -4.82% | 8.14% |
Mideast/Africa | 22.27% | 7.11% |
| Namibian Dollar | 9.82% | — |
| Egyptian Pound | 5.92% | — |
| Nigerian Naira | 3.58% | — |
| South African Rand | 2.10% | 7.11% |
| Ghanaian Cedi New | 0.84% | — |
Europe | 17.26% | 19.89% |
| Serbian Dinar | 5.62% | 0.30% |
| Hungarian Forint | 4.55% | 2.46% |
| Polish Zloty | 4.51% | 8.33% |
| Euro | 2.57% | — |
North America | -4.17% | — |
| US Dollar | -4.17% | — |
Distributions & Tax
Federal ID Number 90-0922858
For information on tax years prior to 2008, please contact usThese amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Mar 19
Jun 18
Sep 12
Sep 19
Dec 19
Supplemental Tax Information
- Foreign Source Income
- 73.45%
- Foreign Source Qualified Dividends
- —
- Direct U.S. Government Obligations
- —
- Specified Private Activity Bond Interest
- —
- Dividends Received Deduction
- —
- Section 163(j)
- 94.06%
- Indiana Resident Taxable Income
- —
- Utah Resident Taxable Income
- —
Franklin Templeton and its specialized investment managers 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. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.
Pricing
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Templeton Sustainable Emerging Markets Bond Fund | |||
| Product Commentary - Templeton Sustainable Emerging Markets Bond Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Templeton Sustainable Emerging Markets Bond Fund - Class R6 | |||
| Annual Financial Statements and Other Information - Templeton Income Trust | |||
| Semi-Annual Report - Templeton Sustainable Emerging Markets Bond Fund - Class R6 | |||
| Semi-Annual Financial Statements and Other Information - Templeton Income Trust | |||
| Prospectus - Templeton Income Trust SAI | |||
| Summary Prospectus - Templeton Sustainable Emerging Markets Bond Fund | |||
| Statement of Additional Information - Templeton Income Trust SAI | |||
| Fiscal Q1 Holdings - Templeton Income Trust | |||
| Fiscal Q3 Holdings - Templeton Income Trust |
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. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. The managers’ environmental, social and governance (ESG) strategies may limit the types and number of investments available and, as a result, may forgo favorable market opportunities or underperform strategies that are not subject to such criteria. There is no guarantee that the strategy's ESG directives will be successful or will result in better performance. 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. 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. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. 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.
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.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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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 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.