Templeton Emerging Markets Fund (EMF)
Blend | Fact Sheet as of June 30, 2022
Investment Overview
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.
Total Returns (%)
Cumulative | Average Annual | Inception | ||||||||||
3-Mth | 6-Mth | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Inception | Date | ||||
NAV Returns | -11.33 | -22.90 | -22.90 | -32.71 | -1.85 | 1.39 | 2.49 | 10.19 | 2/26/1987 | |||
Market Price Return | -12.87 | -25.31 | -25.31 | -35.28 | -1.95 | 1.55 | 2.34 | 9.94 | 2/26/1987 | |||
Benchmark | -11.45 | -17.63 | -17.63 | -25.28 | 0.57 | 2.18 | 3.06 | - | - | |||
Calendar Year Total Returns (%)
2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
NAV Returns | -5.51 | 17.66 | 26.10 | -15.53 | 41.53 | 26.11 | -26.32 | -0.65 | -7.60 | 15.49 |
Market Price Return | -8.39 | 24.29 | 26.80 | -14.80 | 44.98 | 23.23 | -27.06 | -5.13 | -4.05 | 14.56 |
Benchmark | -2.54 | 18.31 | 18.44 | -14.58 | 37.28 | 11.19 | -14.92 | -2.19 | -2.60 | 18.22 |
Performance shown represents past performance and is no guarantee of future results. Current performancemaybe higheror lower than the performanceshown. Investment return andprincipal value will fluctuateso shares, when sold, maybe worth more orless than the original cost.Returns based onMarket Price orNAV, and assumethe reinvestment of all distributions atthe Dividend ReinvestmentPlan Price or NAV,respectively. All returnsinclude the deduction of management fees, operatingexpenses and allother fund expenses, anddo not reflect thededuction of brokerage commissionsor taxesthat investorsmay pay ondistributions orthe saleof shares.When applicable, performancewould havebeen lowerif fees hadnot beenwaivedin variousperiods. Theindex isunmanagedand includesreinvestment of any income or distributions. It does notreflect any fees, expenses or sales charges. One cannot invest directly inan index, and an index is not representative of the fund'sportfolio. Indexdata is providedfor comparisonpurposes only.The fund isnot managedagainst anindex. Returns for periodsof lessthan oneyear arenot annualized.Please visitfranklintempleton.com forthe mostrecent month-endperformance.
Gross expenses are the fund's total annual operating expenses for the share class(es) shown.
NAV is totalassets less total liabilitiesdivided bythe numberof shares outstanding. Market Price, determinedby supply anddemand,is the price aninvestorpurchases orsells the fund. The MarketPrice may differfrom a fund's NAV. Premium / Discount reflectsthe difference between the NAV and the Market Price of the fund, and represents the amount that the fund is trading above or below its NAV, expressed as a percentage of the NAV.
The Distribution Rate is not guaranteed, subject to change, and is not a quotation of fund performance. Distribution Rate is calculated by annualizing the most recent distribution amount paid, excluding special distributions, divided by the closing market price or NAV as of the date indicated. Distributions paid by the fund may be comprised of income, capital gains, and/or return of capital. A return of capital is not taxable and results in a reduction in the tax basis of a shareholder's investment. At year-end the Fund will issue a Form 1099 with the final composition of the distribution for tax purposes. A current estimate of the distribution's composition can be found on each fund's individual page or in the most recent distribution press release and/or Section 19 notice located in the press release section of each fund's individual page.
Growth of $10,000
Inception through June 30, 2022
Market Price Returns, assuming dividends reinvested
600K | $284,606 | |||||
400K | ||||||
200K | ||||||
0K | ||||||
Feb-87 | Jan-93 | Dec-98 | Nov-04 | Oct-10 | Sep-16 | Jun-22 |
The Growth of $10,000 chart reflects a hypothetical $10,000 investment on Market Price and assumes reinvestment of dividends and capital gains. Fund expense, including management fees and other expenses were deducted.
Fund Overview
NYSE Ticker | EMF |
Listed Exchange | NYSE |
Fund Inception Date | 02/26/1987 |
NAV | $13.70 |
Market Price | $11.98 |
Premium/Discount | -12.55% |
Last Distribution Paid | $0.4051 |
Distribution Rate at Market | |
Price (%) | 3.38 |
Distribution Rate at NAV (%) | 2.96 |
Dividend Frequency, if any | Annually |
Benchmark(s)
MSCI Emerging Markets Index-NR
Fund Characteristics | Fund |
Total Net Assets | $217.32 Million |
Number of Issuers | 79 |
Price to Book | 1.50x |
Price to Earnings (12-Month Trailing) | 10.09x |
Price to Cash Flow | 6.65x |
Dividend Yield | 3.49% |
Risk Statistics (3-Year vs. MSCI Emerging Markets Index-NR)
Fund | Benchmark | |
Beta | 1.10 | - |
R-Squared | 0.92 | - |
Sharpe Ratio | -0.12 | 0.00 |
Standard Deviation (%) | 20.47 | 17.92 |
Alpha (%) | -2.04 | - |
Information Ratio | -0.40 | - |
Tracking Error | 5.96 | - |
tel: (800) DIAL BEN/342-5236| franklintempleton.com | Not FDIC Insured | May Lose Value | No Bank Guarantee |
Templeton Emerging Markets Fund (EMF) | June 30, 2022 |
Top Equity Issuers (% of Total)
Fund | |
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 10.90 |
SAMSUNG ELECTRONICS CO LTD | 9.19 |
ALIBABA GROUP HOLDING LTD | 6.57 |
ICICI BANK LTD | 5.98 |
TENCENT HOLDINGS LTD | 4.05 |
MEDIATEK INC | 3.14 |
NAVER CORP | 3.13 |
GUANGZHOU TINCI MATERIALS TECHNOLOGY CO LTD | 3.04 |
CHINA MERCHANTS BANK CO LTD | 2.84 |
LG CORP | 2.76 |
Sector Allocation (% of Total)
Fund | |
Information Technology | 32.56 |
Financials | 22.86 |
Consumer Discretionary | 13.18 |
Communication Services | 9.97 |
Materials | 9.86 |
Industrials | 4.21 |
Consumer Staples | 3.79 |
Energy | 2.18 |
Other | 2.62 |
Cash & Cash Equivalents | -1.22 |
Portfolio Management
Years with Firm | Years of Experience | |
Chetan Sehgal, CFA | 27 | 30 |
Andrew Ness | 3 | 27 |
What should I know before investing?
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, of which frontier markets are a subset, are subject to all of the risks of foreign investing generally and have additional 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. The risks of investing in traditional emerging markets are magnified in frontier markets countries because they generally have smaller economies and even less developed capital markets than in traditional emerging markets. To the extent that the fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, the fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments. Unexpected events and their aftermaths, such as the spread of deadly diseases; natural, environmental or man-made disasters; financial, political or social disruptions; terrorism and war; and other tragedies or catastrophes, can cause investor fear and panic, which can adversely affect the economies of many companies, sectors, nations, regions and the market in general, in ways that cannot necessarily be foreseen. The manager's portfolio selection strategy is not solely based on ESG considerations, and therefore the issuers in which the fund invests may not be considered ESG-focused companies. Integrating ESG considerations into the investment process is not a guarantee that better performance will be achieved. The manager's portfolio selection strategy is not solely based on ESG considerations, and therefore the issuers in which the fund invests may not be considered ESG-focused companies. Integrating ESG considerations into the investment process is not a guarantee that better performance will be achieved. For a more complete discussion of the fund's primary risks, including those related to investment in specific countries such as China, Hong Kong, Taiwan and Russia, please see the fund's latest annual report.
Geographic Allocation (% of Total)
Fund | |
China | 32.20 |
South Korea | 21.48 |
Taiwan | 14.98 |
India | 9.67 |
Brazil | 8.73 |
United States | 3.70 |
Thailand | 2.29 |
Mexico | 1.95 |
Other | 6.23 |
Cash & Cash Equivalents | -1.22 |
Market Cap Breakdown
Fund | |
<2.0 Billion | 5.96 |
2.0-5.0 Billion | 9.34 |
5.0-10.0 Billion | 10.27 |
10.0-25.0 Billion | 12.10 |
25.0-50.0 Billion | 9.66 |
>50.0 Billion | 52.67 |
Glossary
Beta A measure of the fund's volatilityrelative to the market,as representedbythe statedIndex. A beta greaterthan1.00 indicatesvolatility greater thanthe market. R-squared measuresthe strength of the linear relationshipbetween the fund andits benchmark. R-squaredat1 impliesperfectlinearrelationshipandzeroimpliesno relationshipexists. Sharpe Ratio refersto a risk-adjustedmeasure calculated using standard deviation and excess returns to determine reward per unit of risk. The higher the ratio, the greater the risk-adjusted performance. Standard Deviation measure of the degree to which a fund's returnvariesfrom the average of its previousreturns. The larger the standard deviation,the greaterthe likelihood(andrisk)thata fund's performance will fluctuate from the average return. Alpha isthe annualized percentage difference between a portfolio's actual returns and its expected performance given its level of market risk, as measured by beta. Information Ratio In investingterminology,the ratioof expectedreturnto risk. Usually, thisstatisticaltechnique is usedto measure a manager's performance against a benchmark. This measure explicitly relates the degree by which an investment has beaten the benchmark to the consistencybywhich the investmenthasbeatenthe benchmark. Tracking Error measure of the deviationof the returnof a fund compared to the return of a benchmark over a fixed period of time. Expressed as a percentage. The more passively the investment fund is managed,the smaller the trackingerror. Price to Book The price pershare of a stock divided byits book value (i.e., net worth)per share. Fora portfolio, the value represents a weightedaverage of the stocks it holds. Price to Earnings (12-MonthTrailing) is the share price of a stock, dividedby itsper-share earningsoverthe past year. Fora portfolio, the value representsa weightedaverage of the stocksit holds. Price to Cash Flow Supplementsprice/earningsratioasa measure of relativevalue for a stock. Fora portfolio, the value representsa weightedaverage of the stocks it holds. Dividend Yield is the he annualdividendreceivedon an equitysecurityas a percentage of the price. For a portfolio, the value represents a weighted average of the stocks it holds. It should not be used as an indication of the income received from this portfolio.
Important Information
Distributions are not guaranteed and are subject to change.
The Closed-End Funds arenot sold or distributed by Franklin Distributors,LLC, or any affiliate of Franklin Resources, Inc. Unlike open-endfunds, shares are not continually offered. Like other public companies, closed-endfunds have a one-timeinitial public offering, and once their shares are first issued, are generally bought and sold through non-affiliatedbroker/dealers and trade on nationally recognized stock exchanges. Share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of exchange-traded closed-endfunds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Investment return, market price and net asset value will fluctuate with changes in market conditions. The Funds are subject to investment risks, including the possible loss of principal invested.
CFA® andCharteredFinancialAnalyst® are trademarksownedby CFAInstitute.
Negative Cash Weightings: The negative cash position reflectsa temporary positionthatis a resultof a delay insecuritiessettlement transactions.
The MSCI EmergingMarkets Index isa free float-adjustedmarketcapitalizationindex thatisdesignedto measure equitymarket performance in the global emerging markets. The Index consists of the following 24 emerging market country indices: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey, and United Arab Emirates. 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. NetReturns(NR) include income netof taxwithholdingwhen dividendsare paid. 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 Information is historical and may not reflect current or future portfolio characteristics. All portfolio holdings are subject to change. Important data provider notices and terms available at www.franklintempletondatasources.com.
© Franklin Templeton. Franklin Distributors, LLC. Member FINRA/SIPC.
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Templeton Emerging Markets Fund Inc. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 July 2022 08:13:02 UTC.