# EDGAR Filing Document

**Accession Number:** 0000878087
**File Stem:** 0002071691-25-006428
**Filing Date:** 2025-11
**Character Count:** 36808
**Document Hash:** ea07da97fce315e0f42787d30bb892b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-006428.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0002071691-25-006428

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TEMPLETON DEVELOPING MARKETS TRUST
- **CENTRAL INDEX KEY:** 0000878087

**ORGANIZATION NAME:**
- **EIN:** 593078238
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06378
- **FILM NUMBER:** 251511790

**BUSINESS ADDRESS:**
- **STREET 1:** 300 S.E. 300 2ND STREET
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301-1923
- **BUSINESS PHONE:** 9545277500

**MAIL ADDRESS:**
- **STREET 1:** 300 S.E. 300 2ND STREET
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301-1923

## Series and Classes Contracts Data

### Templeton Developing Markets Trust (Series ID: S000008756)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000023832 | Class A       | TEDMX           |
| C000023834 | Class C       | TDMTX           |
| C000023835 | Advisor Class | TDADX           |
| C000023836 | Class R       | TDMRX           |
| C000128734 | Class R6      | FDEVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Templeton Developing Markets Trust

- **b. Investment Company Act file number:** 811-06378

- **c. CIK number of Registrant:** 0000878087

- **d. LEI of Registrant:** 549300ZJC3KUG08IH343

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 300 S.E. 2nd Street

  - **City:** Fort Lauderdale

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33301-1923

  - **Telephone number:** 954-527-7500

**Item A.2. Information about the Series.**

- **a. Name of Series:** Templeton Developing Markets Trust

- **b. EDGAR series identifier (if any):** S000008756

- **c. LEI of Series:** 549300ZJC3KUG08IH343

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1759157549.49

**Total Liabilities:** $25505864.08

**Net Assets:** $1733651685.41

**Delayed Delivery Securities:** $793289.98

**Cash Not Reported:** $1154437.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000128734 | 1.91%                | 1.96%                | 7.61%                |
| Class ID C000023835 | 1.91%                | 1.92%                | 7.61%                |
| Class ID C000023832 | 1.85%                | 1.95%                | 7.60%                |
| Class ID C000023834 | 1.81%                | 1.86%                | 7.53%                |
| Class ID C000023836 | 1.85%                | 1.91%                | 7.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1228460.95              | $24038755.90                               |
| Month 2  | $5275502.59              | $22661929.00                               |
| Month 3  | $-192293.33              | $118972561.56                              |

### Schedule of Portfolio Investments

| Name                                                     | Title                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Intercorp Financial Services, Inc.                       | Intercorp Financial Services, Inc.                              | CUSIP: N/A<br>LEI: 5299004181WFTEWB1398       | Long             | EC               | CORP              | PA        |    154816 | NS      | $6245277.44   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Hemisphere Properties India Ltd.                         | Hemisphere Properties India Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IN        |    395958 | NS      | $371948.89    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| TOTVS SA                                                 | TOTVS SA                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1365175 | NS      | $11781199.26  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk. PT                              | Astra International Tbk. PT                                     | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |  24831799 | NS      | $8611710.80   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                                        | Banco Bradesco SA                                               | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |   8075367 | NS      | $27294740.46  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                  | Vale SA                                                         | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |   1437932 | NS      | $15556601.92  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Weichai Power Co. Ltd.                                   | Weichai Power Co. Ltd., Class H                                 | CUSIP: N/A<br>LEI: 529900OKTPKBG85F9502       | Long             | EC               | CORP              | CN        |   7375143 | NS      | $13193883.92  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Kasikornbank PCL                                         | Kasikornbank PCL                                                | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |   3880769 | NS      | $20072749.16  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Discovery Ltd.                                           | Discovery Ltd.                                                  | CUSIP: N/A<br>LEI: 378900245A26169C8132       | Long             | EC               | CORP              | ZA        |   1941162 | NS      | $22142959.70  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Hankook Tire & Technology Co. Ltd.                       | Hankook Tire & Technology Co. Ltd.                              | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02       | Long             | EC               | CORP              | KR        |      5473 | NS      | $149595.46    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                               | Alibaba Group Holding Ltd.                                      | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   2753605 | NS      | $61581942.84  | 3.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Uni-President China Holdings Ltd.                        | Uni-President China Holdings Ltd.                               | CUSIP: N/A<br>LEI: 529900JUA05094TOKA73       | Long             | EC               | CORP              | KY        |   8165960 | NS      | $8629775.91   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Chile                                    | Banco Santander Chile                                           | CUSIP: 05965X109<br>LEI: 3YJP8HORPAEXJ80D6368 | Long             | EC               | CORP              | CL        |    466531 | NS      | $12363071.50  | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Hon Hai Precision Industry Co. Ltd.                      | Hon Hai Precision Industry Co. Ltd.                             | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |   5285217 | NS      | $37737208.92  | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Thai Beverage PCL                                        | Thai Beverage PCL                                               | CUSIP: N/A<br>LEI: 529900VZFHQZ684D8L07       | Long             | EC               | CORP              | TH        |  10287676 | NS      | $3709944.28   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuaishou Technology                                      | Kuaishou Technology                                             | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |   1049629 | NS      | $11352640.19  | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Budweiser Brewing Co. APAC Ltd.                          | Budweiser Brewing Co. APAC Ltd.                                 | CUSIP: N/A<br>LEI: 549300YF1MR4GTF18132       | Long             | EC               | CORP              | KY        |  16880733 | NS      | $17943406.92  | 1.04%             |  |  |  | No            |                  2 | On Loan: —       |
| Brigade Enterprises Ltd.                                 | Brigade Enterprises Ltd.                                        | CUSIP: N/A<br>LEI: 335800QDUUQVHS6II245       | Long             | EC               | CORP              | IN        |    606880 | NS      | $6129058.78   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.com, Inc.                                             | JD.com, Inc., Class A                                           | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |    257764 | NS      | $4516157.27   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Minor International PCL                                  | Minor International PCL                                         | CUSIP: N/A<br>LEI: 254900T4WB2UF9XPX041       | Long             | EC               | CORP              | TH        |  12993286 | NS      | $9240891.58   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp.                                              | NAVER Corp.                                                     | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |    170137 | NS      | $32647018.57  | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Oncoclinicas do Brasil Servicos Medicos SA               | Oncoclinicas do Brasil Servicos Medicos SA                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   2340534 | NS      | $1460016.51   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Daqo New Energy Corp.                                    | Daqo New Energy Corp.                                           | CUSIP: 23703Q203<br>LEI: 529900711JBZ5O7VA827 | Long             | EC               | CORP              | KY        |    193324 | NS      | $5438204.12   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kiatnakin Phatra Bank PCL                                | Kiatnakin Phatra Bank PCL                                       | CUSIP: N/A<br>LEI: 254900UPQE3MNOEDXK30       | Long             | EC               | CORP              | TH        |   2034230 | NS      | $3691830.71   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| XP, Inc.                                                 | XP, Inc., Class A                                               | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |    331578 | NS      | $6230350.62   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Delivery Hero SE                                         | Delivery Hero SE                                                | CUSIP: N/A<br>LEI: 529900C3EX1FZGE48X78       | Long             | EC               | CORP              | DE        |    663256 | NS      | $19044963.09  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.              | Taiwan Semiconductor Manufacturing Co. Ltd.                     | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   5036532 | NS      | $218776006.55 | 12.62%            |  |  |  | No            |                  2 | On Loan: No      |
| HDB Financial Services Ltd.                              | HDB Financial Services Ltd.                                     | CUSIP: N/A<br>LEI: 335800WLGF5TDN2DEO63       | Long             | EC               | CORP              | IN        |     33790 | NS      | $285538.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LigaChem Biosciences, Inc.                               | LigaChem Biosciences, Inc.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     31678 | NS      | $3191003.08   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Holdings & Investment Ltd.                         | Bajaj Holdings & Investment Ltd.                                | CUSIP: N/A<br>LEI: 335800NL7NWD9IPOHL48       | Long             | EC               | CORP              | IN        |     89235 | NS      | $12309748.27  | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Bank Ltd.                                        | Federal Bank Ltd.                                               | CUSIP: N/A<br>LEI: 335800J8VWGE2HGWF417       | Long             | EC               | CORP              | IN        |   4030297 | NS      | $8757173.09   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Yageo Corp.                                              | Yageo Corp.                                                     | CUSIP: N/A<br>LEI: 5493001P0TOZH7GGNQ21       | Long             | EC               | CORP              | TW        |   1537441 | NS      | $8621678.12   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Baidu, Inc.                                              | Baidu, Inc., Class A                                            | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | KY        |   1335332 | NS      | $22078978.66  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Niva Bupa Health Insurance Co. Ltd.                      | Niva Bupa Health Insurance Co. Ltd.                             | CUSIP: N/A<br>LEI: 335800YR5ALVTOUNCU55       | Long             | EC               | CORP              | IN        |   6549486 | NS      | $6044632.72   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Corp.                                                 | LG Corp.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    496622 | NS      | $25509382.33  | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Ather Energy Ltd.                                        | Ather Energy Ltd.                                               | CUSIP: N/A<br>LEI: 335800SZ7EUDQVUICH52       | Long             | EC               | CORP              | IN        |    773192 | NS      | $4920048.83   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                           | HDFC Bank Ltd.                                                  | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   3092298 | NS      | $33139249.40  | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Genpact Ltd.                                             | Genpact Ltd.                                                    | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | BM        |    532924 | NS      | $22324186.36  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| China Merchants Bank Co. Ltd.                            | China Merchants Bank Co. Ltd., Class A                          | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |   5532483 | NS      | $31460479.35  | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| NARI Technology Co. Ltd.                                 | NARI Technology Co. Ltd., Class A                               | CUSIP: N/A<br>LEI: 3003006IGH1W58MAQM05       | Long             | EC               | CORP              | CN        |   7143771 | NS      | $23083208.11  | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman, Inc.                              | Wuxi Biologics Cayman, Inc.                                     | CUSIP: N/A<br>LEI: 5493001TD2TH6VDTJU11       | Long             | EC               | CORP              | KY        |   3272077 | NS      | $17278248.02  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Wizz Air Holdings plc                                    | Wizz Air Holdings plc                                           | CUSIP: N/A<br>LEI: 213800COXGZCORLJZA85       | Long             | EC               | CORP              | JE        |     69426 | NS      | $1081970.26   | 0.06%             |  |  |  | No            |                  2 | On Loan: —       |
| Tencent Holdings Ltd.                                    | Tencent Holdings Ltd.                                           | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    619352 | NS      | $52774737.58  | 3.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Star Petroleum Refining PCL                              | Star Petroleum Refining PCL                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |  14348828 | NS      | $2117650.78   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung SDI Co. Ltd.                                     | Samsung SDI Co. Ltd.                                            | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |     59973 | NS      | $8778141.11   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Lite-On Technology Corp.                                 | Lite-On Technology Corp.                                        | CUSIP: N/A<br>LEI: 2549005GU1PQ73SZBT32       | Long             | EC               | CORP              | TW        |   1089413 | NS      | $6193195.94   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase, Inc.                                            | NetEase, Inc.                                                   | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |    624638 | NS      | $18971732.31  | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ACC Ltd.                                                 | ACC Ltd.                                                        | CUSIP: N/A<br>LEI: 335800569A6H12LH4677       | Long             | EC               | CORP              | IN        |    371855 | NS      | $7644723.47   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                           | MediaTek, Inc.                                                  | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |    963295 | NS      | $41777864.32  | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| KT Skylife Co. Ltd.                                      | KT Skylife Co. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    452147 | NS      | $1601626.10   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Greentown Service Group Co. Ltd.                         | Greentown Service Group Co. Ltd.                                | CUSIP: N/A<br>LEI: 254900V8OFDBOODYW979       | Long             | EC               | CORP              | KY        |   3884943 | NS      | $2495655.67   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Ping An Insurance Group Co. of China Ltd.                | Ping An Insurance Group Co. of China Ltd., Class H              | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |   2471490 | NS      | $16813767.10  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Cognizant Technology Solutions Corp.                     | Cognizant Technology Solutions Corp., Class A                   | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |    289208 | NS      | $19397180.56  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Emaar Development PJSC                                   | Emaar Development PJSC                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |   3463832 | NS      | $12692831.29  | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Haier Smart Home Co. Ltd.                                | Haier Smart Home Co. Ltd., Class D                              | CUSIP: N/A<br>LEI: 3003002BYTNGNJTWSH07       | Long             | EC               | CORP              | CN        |   4061327 | NS      | $9358188.65   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                                  | Sberbank of Russia PJSC                                         | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |   5058740 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Petroleo Brasileiro SA                                   | Petroleo Brasileiro SA - Petrobras                              | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               | CORP              | BR        |   4591932 | NS      | $27143065.57  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Ports Ltd.                                | COSCO SHIPPING Ports Ltd.                                       | CUSIP: N/A<br>LEI: 5299008QX6KA3JHWK507       | Long             | EC               | CORP              | BM        |   6180515 | NS      | $4515857.75   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Eternal Ltd.                                             | Eternal Ltd.                                                    | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               | CORP              | IN        |   4587099 | NS      | $16839863.93  | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                                 | Itau Unibanco Holding SA                                        | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |   4071802 | NS      | $29887026.68  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Weifu High-Technology Group Co. Ltd.                     | Weifu High-Technology Group Co. Ltd., Class B                   | CUSIP: N/A<br>LEI: 836800MCS4V36YPBDO22       | Long             | EC               | CORP              | CN        |   1230263 | NS      | $2256666.50   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Spinneys 1961 Holding plc                                | Spinneys 1961 Holding plc                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |   7136543 | NS      | $2993763.44   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Hypera SA                                                | Hypera SA                                                       | CUSIP: N/A<br>LEI: 25490092WKPBKTIZX403       | Long             | EC               | CORP              | BR        |   1819933 | NS      | $7772479.14   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Motor Co.                                        | Hyundai Motor Co.                                               | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EC               | CORP              | KR        |    192661 | NS      | $29535605.04  | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix, Inc.                                           | SK Hynix, Inc.                                                  | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |    361518 | NS      | $89619584.62  | 5.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Beijing Oriental Yuhong Waterproof Technology Co. Ltd.   | Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A | CUSIP: N/A<br>LEI: 300300XMIXB7STDZWT60       | Long             | EC               | CORP              | CN        |   1116431 | NS      | $1935626.20   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemak SAB de CV                                          | Nemak SAB de CV                                                 | CUSIP: N/A<br>LEI: 5493000MY3DAIB0BP706       | Long             | EC               | CORP              | MX        |   3816083 | NS      | $883511.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co. Ltd.                           | Techtronic Industries Co. Ltd.                                  | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |   2289839 | NS      | $29271528.85  | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Life Insurance Co. Ltd.                          | Samsung Life Insurance Co. Ltd.                                 | CUSIP: N/A<br>LEI: 988400VYE6E0WYSM4S92       | Long             | EC               | CORP              | KR        |    117960 | NS      | $13181789.98  | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Institutional Fiduciary Trust Money Market Portfolio     | Institutional Fiduciary Trust Money Market Portfolio            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   8532252 | NS      | $8532251.86   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ReNew Energy Global plc                                  | ReNew Energy Global plc, Class A                                | CUSIP: N/A<br>LEI: 254900SL77LA2KAG7R65       | Long             | EC               | CORP              | GB        |   1750903 | NS      | $13481953.10  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co. Ltd.                                             | BYD Co. Ltd., Class H                                           | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |   1365757 | NS      | $19304535.62  | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhen Ding Technology Holding Ltd.                        | Zhen Ding Technology Holding Ltd.                               | CUSIP: N/A<br>LEI: 549300H7R4K33675UP38       | Long             | EC               | CORP              | KY        |   2465568 | NS      | $13483497.41  | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                          | ICICI Bank Ltd.                                                 | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |   3657900 | NS      | $55436381.53  | 3.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Doosan Bobcat, Inc.                                      | Doosan Bobcat, Inc.                                             | CUSIP: N/A<br>LEI: 9884007K6X0Q0112FX44       | Long             | EC               | CORP              | KR        |    380729 | NS      | $15062545.45  | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                                | Prosus NV                                                       | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |   1414549 | NS      | $100029907.75 | 5.77%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank, Inc.                                        | BDO Unibank, Inc.                                               | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |   3400596 | NS      | $7765278.49   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Emirates Central Cooling Systems Corp.                   | Emirates Central Cooling Systems Corp.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |  14288391 | NS      | $6301899.90   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund | Franklin Institutional U.S. Government Money Market Fund        | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |  88336234 | NS      | $88336233.78  | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Pharm Co. Ltd.                                     | Hanmi Pharm Co. Ltd.                                            | CUSIP: N/A<br>LEI: 988400PP10VZVUOFE672       | Long             | EC               | CORP              | KR        |     24676 | NS      | $6474773.69   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt.                                     | Richter Gedeon Nyrt.                                            | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |    620958 | NS      | $18898847.72  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                       | Grupo Financiero Banorte SAB de CV, Class O                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   4482972 | NS      | $45158963.31  | 2.60%             |  |  |  | No            |                  1 | On Loan: —       |
| LUKOIL PJSC                                              | LUKOIL PJSC                                                     | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | RU        |    414906 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Misto Holdings Corp.                                     | Misto Holdings Corp.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    213796 | NS      | $5876698.85   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                             | Infosys Ltd.                                                    | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |    592158 | NS      | $9631144.79   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Netcare Ltd.                                             | Netcare Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |  15750709 | NS      | $12950785.63  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BIM Birlesik Magazalar A/S                               | BIM Birlesik Magazalar A/S                                      | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |    390218 | NS      | $5077486.80   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co. Ltd.                             | Samsung Electronics Co. Ltd.                                    | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |   1087053 | NS      | $65169183.64  | 3.76%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Templeton Developing Markets Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer