Company: TXEMF
Filing Date: 2025-03-03
Form Type: N-CSR
Source: 0001133228-25-001853
Chunk: 90

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-03-03
Form: N-CSR
Chunk 90
---
economy.

Trade

disputes

can

result

in

increased

costs

of

production

and

reduced

profitability

for

non-export-dependent

companies

that

rely

on

imports

to

the

extent

a

country

engages

in

retaliatory

tariffs.

Trade

disputes

may

also

lead

to

increased

currency

exchange

rate

volatility.

The

impact

of

tariffs

will

depend

on

the

scope,

implementation

and

duration

of

the

policies.

In

addition

to

the

direct

effects

of

tariffs

on

export

sectors,

foreign

countries

may

face

broader

economic

impacts

as

prolonged

tariffs

may

hurt

growth

and

add

to

inflation.

#### Emerging

#### Market

#### Countries
The

Fund’s

investments

in

securities

of

issuers

in

emerging

market

countries

are

subject

to

all

of

the

risks

of

foreign

investing

generally,

and

have

additional

heightened

risks

due

to

a

lack

of

established

legal,

political,

### business
and

social

frameworks

to

support

securities

markets,

including:

delays

in

settling

portfolio

securities

transactions;

currency

and

capital

controls;

greater

sensitivity

to

interest

rate

changes;

pervasiveness

of

corruption

and

crime;

currency

exchange

rate

volatility;

and

inflation,

deflation

or

currency

devaluation.

The

risks

of

investing

in

traditional

emerging

markets

are

magnified

in

frontier

markets

countries

(which

are

a

subset

of

emerging

markets

countries)

because

they

generally

have

smaller

economies

and

less

developed

capital

markets

than

in

traditional

emerging

markets.

#### Frontier

#### Market

#### Countries
Frontier

market

countries,

which

are

a

subset

of

emerging

market

countries,

generally

have

smaller

e