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Managed Fund Since 2017
Equity
TDADX Templeton Developing Markets Trust
- Emerging Markets Exposure. The fund's investment mix is designed to take advantage of dynamic emerging market growth opportunities as they arise across the globe.
- Record of Low Correlation. Stock markets in emerging market countries are uniquely positioned in terms of industry strengths and economic drivers. This has contributed to a record of low correlation among these countries.
- Unsurpassed Global Resources. Our global reach includes offices in Hong Kong, Buenos Aires, Bucharest, Shanghai, Singapore, Mumbai, Cape Town and Dubai.
Popular Documents
Total Net Assets
$1.88B
As of 10/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks long-term capital appreciation by investing at least 80% of its net assets in securities of developing- or emerging market issuers.
- Benchmark
- MSCI Emerging Markets Index-NR
- Fund Inception Date
- 10/16/1991
- Dividend Frequency, if any
- Annually, in October, if necessary, December
- Number of Issuers
As of 10/31/2025 (Updated Monthly) - 87
Identifiers
- Ticker
- TDADX
- Fund Number
- 611
- CUSIP Code
- 88018W302
Average Annual Total Returns As of 10/31/2025
Advisor Class
- 38.36%1 Year
- 26.20%3 Years
- 8.56%5 Years
- 9.86%10 Years
- 6.94%Since Inception
10/16/1991
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 10/31/2025 % of Total (Updated Monthly)
Additional Fund Info
- Share Class Inception Date
- 01/02/1997
- Investment Style
- Blend
- Lipper Classification
- Emerging Markets Funds
- Morningstar Category
- Diversified Emerging Markets
Manager and Commentary
Commentary Highlights
June 30, 2025- Markets: Emerging market (EM) equities rose in the second quarter of 2025. Geopolitical tensions were a mainstay during the quarter. Uncertainties persisted due to a lack of concrete tariff deals between the United States and most countries. The conflict between Israel and Iran escalated, this time involving the United States.
- Contributors: By country, allocations in South Korea (overweight), China (underweight) and Saudi Arabia (lack of exposure) pushed them to top contributor status relative to the benchmark. Stock selection in South Korea provided an additional source of relative strength.
- Detractors: An off-benchmark allocation in the United States was a notable cause of relative detraction at the country level. Other relative detractors at the country level included Hong Kong and Taiwan, due to stock selection.
- Outlook: EM equities are poised at a pivotal junction with geopolitical tensions hovering in the backdrop. However, equities globally are facing pressure from geopolitical events as well. Our bottom-up approach aims to potentially capitalize on the specific dynamics of the equity markets in which we are invested, rather than merely reacting to global uncertainties.
Templeton Global Investments
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Managed Fund Since 2020
Performance
Risk Measures
As of 10/31/2025
Advisor Class - Without Sales Charge (NAV)
Measured against: MSCI Emerging Markets Index-NR
Statistics
Beta
Beta Bear
Bull Bear Capture Ratio
Beta Bull
Historical Tracking Error
Information Ratio
Gains/Losses
Standard Deviation (%)
Advisor Class
MSCI Emerging Markets Index-NR
Sharpe Ratio (%)
Advisor Class
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 of10/31/2025 (Updated Monthly)
- Total Net Assets
- $1.88 Billion
Positions
As of 10/31/2025 (Updated Monthly)
Number of Issuers
- Fund
- 87
- Benchmark
- 1,190
Portfolio Statistics
As of 10/31/2025 (Updated Monthly)
Price to Earnings (12-Month Trailing)
- Fund
- 14.24x
- Benchmark
- 15.97x
- Fund
- $285.51 Billion
- Benchmark
- $192.08 Billion
- Fund
- 2.04x
- Benchmark
- 2.19x
- Fund
- 7.68x
- Benchmark
- 9.82x
Market Capitalization Allocation
As of 10/31/2025 % of Equity (Updated Monthly)
| Market Capitalization | Fund |
|---|---|
| <2.0 Billion | 2.32% |
| 2.0-5.0 Billion | 7.45% |
| 5.0-10.0 Billion | 8.56% |
| 10.0-25.0 Billion | 13.34% |
| 25.0-50.0 Billion | 11.28% |
| >50.0 Billion | 57.04% |
| N/A | 0.02% |
Holdings
As of 09/30/2025 (Updated Monthly)
Taiwan Semiconductor Manufacturing Co Ltd ORD TWD10
Prosus NV ORD EUR 0.05 CL N
SK hynix Inc ORD KRW5000
Franklin Institutional U.S. Government Money Market Fund OEMF-SWEEP MONEY MARKET PORTFOLIO
Samsung Electronics Co Ltd ORD KRW 100
Alibaba Group Holding Ltd ORD HKD 0.000003125
ICICI Bank Ltd ORD INR2 (DEMAT)
Tencent Holdings Ltd ORD HKD 0.000020
Grupo Financiero Banorte SAB de CV ORD MXN3.5
MediaTek Inc ORD TWD10
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
- Annually, in October, if necessary, DecemberThis fund is an ex-Dividend fund
- Capital Gain Distributions
- October, 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
09/30/2025
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
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Templeton Developing Markets Trust | |||
| Product Commentary - Templeton Developing Markets Trust |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Templeton Developing Markets Trust - Advisor Class | |||
| Annual Financial Statements and Other Information - Templeton Developing Markets Trust | |||
| Semi-Annual Report - Templeton Developing Markets Trust - Advisor Class | |||
| Semi-Annual Financial Statements and Other Information - Templeton Developing Markets Trust | |||
| Prospectus - Templeton Developing Markets Trust | |||
| Summary Prospectus - Templeton Developing Markets Trust | |||
| Statement of Additional Information - Templeton Developing Markets Trust | |||
| Fiscal Q1 Holdings - Templeton Developing Markets Trust | |||
| Fiscal Q3 Holdings - Templeton Developing Markets 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. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. 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. These and other risks are discussed in the fund’s prospectus.
Important Information
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.
The MSCI Emerging Markets Index is a market capitalization-weighted index that is designed to measure equity market performance in the global emerging markets.
MSCI Emerging Markets Index-NR reflects the performance of MSCI Emerging Markets Index (gross returns) from fund inception through 12/31/2000 and the MSCI Emerging Markets Index-NR thereafter
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
Net Returns (NR) include income net of tax withholding when dividends are paid.
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.