Company: TXEMF
Filing Date: 2025-04-01
Form Type: DEF 14A
Source: 0001741773-25-001395
Chunk: 17

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-04-01
Form: DEF 14A
Chunk 17
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 developed by management in consultation with the Board and its counsel. These reports address certain investment, valuation and compliance matters. The Board also may receive special written reports or presentations on a variety of risk issues, either upon the Board’s request or upon the Investment Manager’s initiative. In addition, the Audit Committee of the Board meets regularly with the Investment Manager’s internal audit group to review reports on their examinations of functions and processes within Franklin Templeton that affect the Fund.

With respect to investment risk, the Board receives regular written reports describing
and analyzing the investment performance of the Fund. In addition, the portfolio managers of the Fund
meet regularly with the Board to discuss portfolio performance, including investment risk. To the extent
that the Fund changes a particular investment strategy that could have a material impact on the Fund’s
risk profile, the Board generally is consulted with respect to such change. To the extent that the Fund
invests in certain complex securities, including derivatives, the Board receives periodic reports containing
information about exposure of the Fund to such instruments. In addition, the Investment Manager’s investment
risk personnel meet regularly with the Board to discuss a variety of issues, including the impact on
the Fund of the investment in particular securities or instruments, such as derivatives and commodities,
if applicable.

With respect to valuation,
the Investment Manager provides periodic reports to the Board that enable the Board to oversee the Investment
Manager, as the Board’s Valuation Designee, in monitoring and assessing material risks associated with
fair valuation determinations, including material conflicts of interest. In addition, the Board reviews
the Investment Manager’s performance of an annual valuation risk assessment under which the Investment
Manager seeks to identify and enumerate material valuation risks which are or may be impactful to the
Fund including, but not limited to (1) the types of investments held (or intended to be held) by the
Fund, giving consideration to those investments’ characteristics; (2) potential market or sector shocks
or dislocations which may affect the ongoing valuation operations; and (3) the extent to which each
fair value methodology uses unobservable inputs. The Investment Manager reports any material changes
to the risk assessment, along with appropriate actions designed to manage such risks, to the Board.

With respect to compliance risks, the Board receives regular compliance reports
prepared by the Investment Manager’s compliance group and meets regularly with the Fund’s Chief Compliance
Officer (“CCO”) to discuss compliance issues, including compliance risks. In accordance with SEC
rules, the Independent Trustees meet regularly in