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TEDMX

Templeton Emerging Markets Equity Fund

As of 05/29/2026

NAV 1

$36.64

$0.12 (0.33%)
 

POP 2

$38.77

 
 

YTD Total Return At NAV 3

38.58%

 
As of 04/30/2026

Morningstar Overall Rating™ 4

Diversified Emerging Markets

Effective on or about June 1, 2026, Templeton Developing Markets Trust Fund will change its name to Templeton Emerging Markets Equity Fund. The fund will also update its 80% investment policy change to provide that under normal market conditions, the fund invests at least 80% of its net assets in equity securities of companies located or operating in emerging market countries. Refer to the prospectus supplement for more information. Date is subject to change.

Overview

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.

Strategy Statement

"We believe in the dynamic growth potential of emerging market regions. With analysts around the globe, we identify emerging market stocks that may be some of the best bargains the world has to offer."

Chetan Sehgal, CFA®

Strategy & Benefits

Strategy

Our strategy is built upon the following Templeton cornerstones, which have been in place for over half a century.

  • Search Globally. We believe bargains have no borders when searching for the best investment opportunities.
  • Seek Value. We search worldwide for stocks selling at prices we believe are low relative to their true value.
  • Perform Fundamental, Bottom-Up Research. We conduct in-person visits and perform extensive fundamental research to model a company's potential future earnings, cash flow and asset value relative to its stock price.
  • Practice Patient, Long-Term Investing. We evaluate a company's potential for earnings and growth over a five-year horizon.
Benefits
  • Unsurpassed Global Resources. Our global reach includes offices in Hong Kong, Buenos Aires, Bucharest, Shanghai, Singapore, Mumbai, Cape Town and Dubai.
  • 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.
  • Managed by an Experienced Team. The Templeton Emerging Markets Group adheres to the same time-tested investment philosophy established by Sir John Templeton over 70 years ago.

Investment Philosophy, Strategy and Approach

Investment Philosophy

Templeton’s approach is based on presence on the ground—a network of local offices, onsite company research visits, and more than a decade of pioneering new emerging markets and investment opportunities. The advantage in our process comes from our inhouse investment research capabilities, the length of our track record, and the independence of the emerging markets team and process. Templeton’s approach to the market is founded on three tenets: Value, Patience, and Bottom-Up stock selection.

Value

We seek companies trading at a substantial discount to what our research indicates the company may be worth.

Patience

Security prices can fluctuate more widely than underlying security values. In our opinion, market efficiencies should recognize and correct these security prices over time.

Bottom-Up

We identify value through rigorous fundamental analysis of a company’s business to determine what we consider its economic worth to be based on future earnings potential, cash flow or asset value potential. Templeton’s investment process involves five steps and is designed to add value for investors over the long term.

Investment Process
Fund Information
Asset Class 
Equity
Share Class Inception Date 
10/16/1991
Fund Inception Date 
10/16/1991
Benchmark 
MSCI Emerging Markets Index-NR
Investment Style 
Blend
Lipper Classification 
Emerging Markets Funds
Morningstar Category5 
Diversified Emerging Markets
Dividend Frequency, if any 
Annually, in October, if necessary, December
Total Net Assets  As of 04/30/2026 (Updated Monthly)
$2.41 Billion
Sales Charges, Expenses & Fees
As of 05/01/2026
Gross Expense Ratio6 
1.52%
Net Expense Ratio67 
1.39%
Maximum Initial Charge 
5.50%
CDSC8 
1.00%
12b-1 Fee 
0.25%
Identifiers
Ticker 
TEDMX
Fund Number 
711
CUSIP Code 
88018W104

Portfolio Managers

Chetan Sehgal, CFA®

Singapore

Managed Fund Since 2017

Andrew Ness

Edinburgh, United Kingdom

Managed Fund Since 2020

Performance

Portfolio

Portfolio Holdings

Distributions & Tax

Distributions

Distribution Schedules

Dividend Frequency, if any This fund is an ex-Dividend fund
Annually, in October, if necessary, December
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

Current Year Distributions Per Share
Distributions with future dates are estimates and those figures are not final
Record Date  
12/19/2025
Ex-Dividend Date  
12/22/2025
Reinvestment Date  
12/22/2025
Payable Date  
12/22/2025
Reinvestment Amount  
$25.85000
Long-Term Capital Gains  
$0.08710
Short-Term Capital Gains  
$0.14160
Income  
$0.45120
Total Distribution Per Share  
$0.67990

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.

Tax Information

Tax Information

Federal ID Number 59-3078238
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 ($)
Record Date  
Sep 30
Ordinary Dividends  
0.0193
Qualified Dividends  
0.007624
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Dec 19
Ordinary Dividends  
0.681649
Qualified Dividends  
0.269251
Capital Gain Distributions  
0.0871
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
0.088849
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Ordinary Dividends  
0.700949
Qualified Dividends  
0.276875
Capital Gain Distributions  
0.0871
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
0.088849
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Supplemental Tax Information
Foreign Source Income 
61.36%
Foreign Source Qualified Dividends 
37.27%
Direct U.S. Government Obligations 
Specified Private Activity Bond Interest 
Dividends Received Deduction 
Section 163(j) 
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

Pricing History Chart

As of 05/29/2026 Updated Daily

Daily Fund Prices and Breakpoints

As of 05/29/2026

Share Prices

As of 05/29/2026
NAV1 (Net Asset Value)
$36.64
NAV Change1 
$0.12
NAV Change (%)1 
0.33%
POP2 (Public Offering Price)
$38.77

52-Week Range

Highest NAV  As on 05/29/2026
$36.64
Lowest NAV  As on 05/30/2025
$20.97
POP and Sales Charge at Breakpoints

Investment

Sales Charge

POP

Less than $25,000 5.50%$38.77
$25,000 - $49,999 5.25%$38.67
$50,000 - $99,999 4.50%$38.37
$100,000 - $249,999 3.50%$37.97
$250,000 - $499,999 2.50%$37.58
$500,000 - $749,999 2.00%$37.39
$750,000 - $999,999 1.50%$37.20
POP and Sales Charge at Breakpoints
Investment  
Less than $25,000
Sales Charge  
5.50%
POP  
$38.77
Investment  
$25,000 - $49,999
Sales Charge  
5.25%
POP  
$38.67
Investment  
$50,000 - $99,999
Sales Charge  
4.50%
POP  
$38.37
Investment  
$100,000 - $249,999
Sales Charge  
3.50%
POP  
$37.97
Investment  
$250,000 - $499,999
Sales Charge  
2.50%
POP  
$37.58
Investment  
$500,000 - $749,999
Sales Charge  
2.00%
POP  
$37.39
Investment  
$750,000 - $999,999
Sales Charge  
1.50%
POP  
$37.20

Documents

Product Literature

PDF Format

Factsheet - Templeton Developing Markets Trust

Regulatory Documents

PDF Format

Semi-Annual Report - Templeton Developing Markets Trust - Class A

PDF Format

Annual Report - Templeton Developing Markets Trust - Class A

PDF Format

Prospectus - Templeton Developing Markets Trust

PDF Format

Summary Prospectus - Templeton Developing Markets Trust

PDF Format

Statement of Additional Information - Templeton Developing Markets Trust

Mailed hardcopies unavailable.

PDF Format

Fiscal Q1 Holdings - Templeton Developing Markets Trust

Mailed hardcopies unavailable.

PDF Format

Fiscal Q3 Holdings - Templeton Developing Markets Trust

Mailed hardcopies unavailable.

Risks

What Are the 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.

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