Company: TXEMF
Filing Date: 2025-03-03
Form Type: N-CSR
Source: 0001133228-25-001853
Chunk: 8

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-03-03
Form: N-CSR
Chunk 8
---
9
#### .

Templeton

Emerging

Markets

Income

Fund

4

franklintempleton.com

Annual

Report

#### Q.

#### What

#### were

#### the

#### leading

#### contributors

#### to

#### performance?

#### A.
Overall

credit

exposures

contributed

to

absolute

performance

over

the

year.

Select

subinvestment-grade

sovereign

credits

in

Latin

America

and

the

Middle

East/Africa

contributed

to

absolute

return.

Interest

rate

strategies

also

contributed

to

absolute

return

in

2024.

Select

duration

exposures

in

the

Middle

East/

Africa

(Egypt,

South

Africa

and

Ghana)

as

well

as

in

Asia

(Kazakhstan

and

Uzbekistan)

contributed

to

absolute

performance.

#### Q.

#### What

#### were

#### the

#### leading

#### detractors

#### from

#### performance?

#### A.
Currency

positions

detracted

from

absolute

performance

in

2024.

Currencies

across

multiple

regions

detracted

from

performance,

including

the

Brazilian

real,

Colombian

peso,

Mexican

peso,

Uruguayan

peso,

Kazakhstani

tenge,

South

Korean

won,

Egyptian

pound

and

Hungarian

forint.

Within

interest

rate

strategies,

duration

exposure

in

Brazil

detracted

from

performance.

#### Q.

#### Were

#### there

#### any

#### significant

#### changes

#### to

#### the

#### Fund

#### during

#### the

#### reporting

#### period?

#### A.
The

overall

duration

of

the

Fund

was

largely

unchanged

over

the

year.

We

added

new

or

added

to

existing

positions

in

a

number

of

emerging

and

frontier

markets

during

the

year,

notably

in

Africa.

In

local

currency,

we

added

new

or

extended

positions

in

Egypt,

Uganda,

South

Africa,

Brazil,

Mexico,

Uruguay,

Kazakhstan,

and

Uzbekistan.