Templeton Emerging Markets Fund
The Fund seeks long-term capital appreciation by investing, under normal market conditions, at least 80% of its net assets in emerging country equity securities.
Section 16 Filings
Insiders' Beneficial Ownership Reports for this fund are available on the SEC website.
Fund Facts and Prices
(shares of common stock / beneficial interest)
As of 01/31/2015 (updated monthly)
|Initial offering price||$10.00|
|Inception Date||February 26, 1987|
|CUSIP||880 191 101|
|Current total net assets
As of 01/31/2015 (updated monthly)
As of 02/27/2015(updated daily)
|Previous closing price||$15.85|
|Discount / Premium||-9.69%|
|Net Asset Value||$17.55|
For More Information
Contact: Transfer Agent
P.O Box 30170
College Station, TX 77842-3170
211 Quality Circle, Suite 210
College Station, TX 77845
Hearing Impaired phone number: 1-800/231-5469
Foreign Shareholders phone number: 201-680-6578
Foreign Shareholders Hearing Impaired phone number: 201/680-6610
Website (Link opens in a new window)
Important Legal InformationUnlike open-end funds (mutual funds), closed-end funds are not continuously offered. Closed-end funds trade on the secondary market through a national stock exchange at a price which may be above (a premium), but is often below (a discount to) the net asset value (NAV) of the fund's portfolio. Unlike a mutual fund, the market price for a closed-end fund is based on supply and demand, not the fund's NAV.
All investments involve risks, including possible loss of principal. Special risks are associated with foreign investing including currency volatility, economic instability, and social and political developments of countries where the Fund invests. Emerging markets are subject to all of the risks of foreign investing generally and involve heightened risks due to these markets' smaller size and lesser liquidity, and lack of established legal, political, business and social frameworks to support securities markets. Some of these heightened risks may include political and social uncertainty (for example, regional conflicts and risk of war); pervasiveness of corruption and crime in these countries' economic systems; delays in settling portfolio securities transactions; risk of loss arising out of the system of share registration and custody used in these countries; greater sensitivity to interest rate changes; currency and capital controls; currency exchange rate volatility; and inflation, deflation or currency devaluation. The Fund is actively managed but there is no guarantee that the manager's investment decisions will produce the desired results.
The Fund may invest a portion of its assets in Russian securities. The United States and other nations have imposed and could impose additional sanctions on certain issuers in Russia due to regional conflicts. These sanctions could result in the devaluation of Russia's currency, a downgrade in Russian issuers' credit ratings, or a decline in the value and liquidity of Russian stocks or other securities. The Fund may be prohibited from investing in securities issued by companies subject to such sanctions. In addition, if the Fund holds the securities of an issuer that is subject to such sanctions, an immediate freeze of that issuer's securities could result, impairing the ability of the Fund to buy, sell, receive or deliver those securities. There is also the risk that counter measures could be taken by Russia's government, which could involve the seizure of the Fund's assets. Such sanctions could adversely affect Russia's economy, possibly forcing the economy into a recession. These risks could affect the value of the Fund's portfolio.