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Templeton Developing Markets Trust - Class A Regulatory Documents

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.

Prospectus

Summary Prospectus

Statement Of Additional Information

Annual Report

Annual Financial Statements And Other Information

Semi-Annual Report

Semi-Annual Financial Statements And Other Information

Fiscal Q1 Holdings

Fiscal Q3 Holdings