Company: TXEMF
Filing Date: 2025-08-27
Form Type: N-CSRS
Source: 0001133228-25-009055
Chunk: 79

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-08-27
Form: N-CSRS
Chunk 79
---

only

local

currency

funds.

The

Board

noted

that

the

Fund’s

annualized

income

return

for

the

one-

and

10-year

periods

was

below

the

median

of

its

Performance

Universe,

for

the

five-year

period

was

equal

to

the

median

of

its

Performance

Universe,

and

for

the

three-year

period

was

above

the

median

of

its

Performance

Universe.

The

Board

also

noted

that

the

Fund’s

annualized

income

return

for

the

one-,

three-,

five-

and

10-year

periods

was

below

the

median

of

its

Performance

Customized

Peer

Group.

The

Board

further

noted

that

the

Fund’s

annualized

total

return

for

the

one-,

three-,

five-

and

10-year

periods

was

below

the

median

of

its

Performance

Universe

and

Performance

Customized

Peer

Group.

On

several

occasions,

both

prior

to,

and

at

the

Meeting,

the

Independent

Trustees

met

with

senior

executives

at

FRI

to

discuss

management’s

perspectives

on

and

ask

questions

regarding

the

performance

of

the

Fund

and

future

### business
strategies

to

address

persistent

Fund

underperformance.

### Management
discussed

with

the

Independent

Trustees

the

scope

of

the

overall

integration

of

certain

recently

acquired

asset

managers

and

the

impact

of

the

integration

firm

wide.

### Management
explained,

as

part

of

the

larger

firm-wide

integration,

its

plan

to

integrate

the

Templeton

Global

Macro

team

into

the

Franklin

Templeton

Fixed

Income

group.

### Management
responded

to

questions

from

the

Independent

Trustees

regarding

the

impact

the

integration

would

have

on

the

investment

leadership