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.

Overview

See the risks and other important information.

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 NAV³As of 04/01/2026 (Updated Daily): 7.21%
30-Day SEC Yield—With Waiver^4,5,6As of 02/28/2026 (Updated Monthly): 6.87%
30-Day SEC Yield—Without Waiver^5,6As of 02/28/2026 (Updated Monthly): 6.86%

Expenses & Fees

As of 01/20/2026

Gross Expense Ratio⁷: 0.45%
Net Expense Ratio^7,8: 0.45%

Identifiers

Ticker: TEMD
CUSIP Code: 35473P314
ISIN Code: US35473P3148
Bloomberg Code: TEMD US

Average Annual Total Returns As of 02/28/2026

View performance section for additional info As of 02/28/2026

Market Price Return

NAV Return

—1 Year
—3 Years
—5 Years
—10 Years
2.89%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

View portfolio section for additional info

As of 02/28/2026 - Market Value % of Total (Updated Monthly)

Top Asset Allocation
Fixed Income96.23%
Cash & Cash Equivalents3.77%

Additional Fund Info

Fiscal Year End: March 31
ETF Type: Active
Morningstar Category: Emerging Markets Bond

Trading Characteristics

As of 04/01/2026 (Updated Daily)

Shares Outstanding: 2,000,000
Daily Volume: 706
20-Day Average Volume: 5563.55

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

Managed Fund Since 2026

Latest Insights

March 9, 2026

Global Macro Insights: February 2026

January 29, 2026

Quarterly Economic Outlook: First quarter 2026

October 27, 2025

Quarterly Economic Outlook: Fourth quarter 2025

October 3, 2025

An update on our ESG scores

Performance

Average Annual Total Returns

¹⁰

As of 02/28/2026

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.

Month End

Quarter End

As of

Templeton Emerging Markets Debt ETF - Market Price Return (%)

Month End

As of 02/28/2026

Templeton Emerging Markets Debt ETF - NAV Return (%)

Month End

As of 02/28/2026

JP Morgan EMBI Global Diversified Index (%)

Month End

As of 02/28/2026

Portfolio

Assets

As of04/01/2026 (Updated Daily)

Total Net Assets: $49.07 Million

Positions

As of 02/28/2026 (Updated Monthly)

Number of Holdings

Fund: 63
Benchmark: 1,050

Portfolio Statistics

As of 02/28/2026 (Updated Monthly)

Yield to Maturity ⁹
Yield to Maturity (‘YTM’) also known as the ‘Gross Redemption Yield’ or ‘Redemption Yield’. The rate of return anticipated on a bond if it is held until the maturity date. YTM is considered a long-term bond yield expressed as an annual rate. The calculation of YTM takes into account the current market price, par value, coupon interest rate and time to maturity. It is also assumed that all coupons are reinvested at the same rate.

Fund: 7.73%
Benchmark: 6.66%

Effective Duration

Fund: 6.19 Years
Benchmark: 6.57 Years

Average Weighted Maturity

Fund: 8.55 Years
Benchmark: 10.62 Years

Asset Allocation

As of 02/28/2026 - Market Value % of Total (Updated Monthly)

Asset Allocation
Holdings	Fund
Fixed Income	96.23%
Cash & Cash Equivalents	3.77%

Holdings
As of 04/01/2026 (Updated Daily)

EURO BK RECON& 6.875 7/31

CURRENCY CONTRACT - USD

PHILIPPINES(R 6.375 10/34

BRAZIL NTN-F 10 1/33

CURRENCY CONTRACT - MXN

REP SOUTH AFRICA 9 1/40

PANAMA 6.7 1/36

EGYPT T-BILL 0 1/27

CURRENCY CONTRACT - USD

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

Federal ID Number

For information on tax years prior to 2008, please contact us

These 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 ($)

Year

Data not currently available.

Pricing

Pricing History

As of 04/01/2026 (Updated Daily)

Time Period

From

From Date

To Date

Daily Fund Prices

As of 04/01/2026

Share Prices

As of 04/01/2026

NAV ¹(Net Asset Value): $24.53
NAV Change ¹: $0.05
NAV Change (%) ¹: 0.20%
Market Price ¹: $24.55
Market Price Change ¹: $0.00
Market Price Change (%) ¹: -0.32%

52-Week Range

Highest NAV As of 02/18/2026: $25.59
Lowest NAV As of 03/30/2026: $24.40
Highest Market Price As of 02/25/2026: $25.70
Lowest Market Price As of 03/30/2026: $24.46

Documents

Regulatory Documents

Regulatory Documents
Checkbox	Name	Download
Checkbox	Prospectus - Templeton Emerging Markets Debt ETF	Download Document
Checkbox	Summary Prospectus - Templeton Emerging Markets Debt ETF	Download Document
Checkbox	Statement of Additional Information - Templeton Emerging Markets Debt ETF	Download Document

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

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.

Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.

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.

You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.

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. It has a distinct diversification scheme that allows a more even weight distribution among the countries in the index.
Source: JP Morgan.

Footnotes

Net Asset Value (NAV) returns are based on the NAV of the ETF/ETP. The fund’s NAV represents the per-share-value and is determined by dividing the total NAV of the fund by the number of shares outstanding; Market Price returns are based upon the official closing price of the ETF’s/ETP's shares. The fund calculates the NAV per share each business day and normally coincides with the close of trading on the exchange on which they are listed, typically 4 pm ET. The fund does not calculate the NAV on days the exchange is closed for trading. These returns do not represent investors’ returns had they traded shares at other times.
Figures are aggregate total return figures, have not been annualized and represent the change in value of an investment over the period indicated.
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 excludes special distributions. The Distribution Rate is subject to change and is not guaranteed nor a quotation of fund performance.
With Waiver means the performance quote reflects any applicable expense reductions and fee waivers.
During periods of rising inflation, fund yields can vary significantly from month-to-month and may not be repeated.
30-Day SEC Yield is calculated using the net income (interest and dividends) per share earned over a trailing 30-day period (annualized), divided by the fund’s share price at the end of that period. It may not equal the fund’s actual income distribution rate, which reflects the fund’s past dividends paid to shareholders.
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.
Yield to Maturity is calculated without the deduction of fees and expenses.
Returns are average annualized total returns, except for those periods of less than one year, which are cumulative. Market Price returns are calculated using the closing price as of 4 pm ET on each trading day (when NAV is normally determined for most funds), and do not represent the returns you would receive if you traded shares at other times. Since shares of the fund did not trade in the secondary market until after the fund's inception, for the period from inception to the first day of secondary trading (1/22/26), the NAV of the fund is used as a proxy for the Market Price to calculate market returns. Performance for the ETF/ETP and its benchmark index are as of the ETF's/ETP's last trading day before the end of the period.

Sunday	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday

Sunday	Monday	Tuesday	Wednesday	Thursday	Friday	Saturday

Individual Investor

Financial Professional

Institutional Investor

TEMD Templeton Emerging Markets Debt ETF

Popular Documents

Overview

Fund description

Expenses & Fees

Identifiers

Top Asset Allocation

Additional Fund Info

Trading Characteristics

Manager and Commentary

About the Team

Latest Insights

Performance

Average Annual Total Returns

Portfolio

Asset Allocation Portfolio breakdown percentages may not total 100% and may be negative due to rounding, use of any derivatives, unsettled trades or other factors.

Distributions & Tax

Federal ID Number

Pricing

Chart

Daily Fund Prices

Documents

Risks

Important Information

Footnotes

Asset Allocation