# EDGAR Filing Document

**Accession Number:** 0000878087
**File Stem:** 0002071691-26-004000
**Filing Date:** 2026-2
**Character Count:** 42123
**Document Hash:** b3625a8310941ddf355e3996b7174c77
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-004000.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0002071691-26-004000

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**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:** 26675154

**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:** 2025-12-31

**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:** $1910510964.78

**Total Liabilities:** $22123203.49

**Net Assets:** $1888387761.29

**Delayed Delivery Securities:** $5389430.00

**Cash Not Reported:** $624389.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000023832 | 6.15%                | -2.42%               | 3.41%                |
| Class ID C000023834 | 6.08%                | -2.48%               | 3.33%                |
| Class ID C000023835 | 6.20%                | -2.40%               | 3.40%                |
| Class ID C000023836 | 6.15%                | -2.44%               | 3.39%                |
| Class ID C000128734 | 6.20%                | -2.40%               | 3.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $857113.66               | $108848828.03                              |
| Month 2  | $12898339.90             | $-56734549.93                              |
| Month 3  | $4848777.89              | $52451452.68                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Banco Bradesco SA                                        | Banco Bradesco SA                                               | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |   8075367 | NS      | $26890972.11  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander Chile                                    | Banco Santander Chile                                           | CUSIP: 05965X109<br>LEI: 3YJP8HORPAEXJ80D6368 | Long             | EC               | CORP              | CL        |    466531 | NS      | $14513779.41  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp.                     | Cognizant Technology Solutions Corp., Class A                   | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |    289208 | NS      | $24004264.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                  | Vale SA                                                         | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |   1906755 | NS      | $24896652.17  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Daqo New Energy Corp.                                    | Daqo New Energy Corp.                                           | CUSIP: 23703Q203<br>LEI: 529900711JBZ5O7VA827 | Long             | EC               | CORP              | KY        |    193324 | NS      | $5703058.00   | 0.30%             |  |  |  | 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        |   4690701 | NS      | $43485526.86  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                                   | Petroleo Brasileiro SA - Petrobras                              | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               | CORP              | BR        |   4591932 | NS      | $25776618.61  | 1.37%             |  |  |  | No            |                  2 | 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        |  50400816 | NS      | $50400816.50  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                                 | Itau Unibanco Holding SA                                        | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |   4550294 | NS      | $32580103.82  | 1.73%             |  |  |  | No            |                  1 | 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      |
| Bajaj Holdings & Investment Ltd.                         | Bajaj Holdings & Investment Ltd.                                | CUSIP: N/A<br>LEI: 335800NL7NWD9IPOHL48       | Long             | EC               | CORP              | IN        |    129413 | NS      | $16314079.10  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| ACC Ltd.                                                 | ACC Ltd.                                                        | CUSIP: N/A<br>LEI: 335800569A6H12LH4677       | Long             | EC               | CORP              | IN        |    424919 | NS      | $8219064.40   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Discovery Ltd.                                           | Discovery Ltd.                                                  | CUSIP: N/A<br>LEI: 378900245A26169C8132       | Long             | EC               | CORP              | ZA        |   1941162 | NS      | $26676911.11  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                             | Infosys Ltd.                                                    | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |    577068 | NS      | $10392349.91  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Ports Ltd.                                | COSCO SHIPPING Ports Ltd.                                       | CUSIP: N/A<br>LEI: 5299008QX6KA3JHWK507       | Long             | EC               | CORP              | BM        |   6347168 | NS      | $4571093.79   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                           | MediaTek, Inc.                                                  | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |   1083301 | NS      | $49187488.68  | 2.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co. Ltd.                      | Hon Hai Precision Industry Co. Ltd.                             | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |   5698847 | NS      | $41774403.41  | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix, Inc.                                           | SK Hynix, Inc.                                                  | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |    295121 | NS      | $133653861.07 | 7.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co.                                        | Hyundai Motor Co.                                               | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60       | Long             | EC               | CORP              | KR        |    199337 | NS      | $41164680.01  | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Kiatnakin Phatra Bank PCL                                | Kiatnakin Phatra Bank PCL                                       | CUSIP: N/A<br>LEI: 254900UPQE3MNOEDXK30       | Long             | EC               | CORP              | TH        |   1061883 | NS      | $2288472.66   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Lite-On Technology Corp.                                 | Lite-On Technology Corp.                                        | CUSIP: N/A<br>LEI: 2549005GU1PQ73SZBT32       | Long             | EC               | CORP              | TW        |   2981634 | NS      | $15511411.61  | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD Co. Ltd.                                             | BYD Co. Ltd., Class H                                           | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |   2579852 | NS      | $31527749.15  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Corp.                                                 | LG Corp.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    556111 | NS      | $31157516.54  | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi India Glass Ltd.                                   | Asahi India Glass Ltd.                                          | CUSIP: N/A<br>LEI: 3358007HF9GBFAD6EH12       | Long             | EC               | CORP              | IN        |     23922 | NS      | $270365.96    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp.                                              | NAVER Corp.                                                     | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |    158150 | NS      | $26585267.39  | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Netcare Ltd.                                             | Netcare Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |  15750709 | NS      | $15056384.27  | 0.80%             |  |  |  | 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        |   7946803 | NS      | $19285417.87  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung SDI Co. Ltd.                                     | Samsung SDI Co. Ltd.                                            | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |     40844 | NS      | $7637445.13   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                             | Samsung Electronics Co. Ltd.                                    | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |   1100590 | NS      | $92245838.95  | 4.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Kasikornbank PCL                                         | Kasikornbank PCL                                                | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |   1990896 | NS      | $12279318.61  | 0.65%             |  |  |  | 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      | $247582240.00 | 13.11%            |  |  |  | No            |                  2 | 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      | $2247012.60   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Yageo Corp.                                              | Yageo Corp.                                                     | CUSIP: N/A<br>LEI: 5493001P0TOZH7GGNQ21       | Long             | EC               | CORP              | TW        |    522650 | NS      | $3831061.03   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Minor International PCL                                  | Minor International PCL                                         | CUSIP: N/A<br>LEI: 254900T4WB2UF9XPX041       | Long             | EC               | CORP              | TH        |  16391738 | NS      | $12603647.40  | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.                           | Techtronic Industries Co. Ltd.                                  | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |   3071413 | NS      | $35330871.63  | 1.87%             |  |  |  | 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      | $20759786.56  | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| BIM Birlesik Magazalar A/S                               | BIM Birlesik Magazalar A/S                                      | CUSIP: N/A<br>LEI: 7890001GCDJQD8DJKE29       | Long             | EC               | CORP              | TR        |    411087 | NS      | $5131859.36   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Baidu, Inc.                                              | Baidu, Inc., Class A                                            | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | KY        |   1335332 | NS      | $21959828.50  | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA                                                 | TOTVS SA                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1654282 | NS      | $12642549.98  | 0.67%             |  |  |  | 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      | $12894804.48  | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Thai Beverage PCL                                        | Thai Beverage PCL                                               | CUSIP: N/A<br>LEI: 529900VZFHQZ684D8L07       | Long             | EC               | CORP              | TH        |  10287676 | NS      | $3678397.29   | 0.19%             |  |  |  | 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      | $8530362.83   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Brigade Enterprises Ltd.                                 | Brigade Enterprises Ltd.                                        | CUSIP: N/A<br>LEI: 335800QDUUQVHS6II245       | Long             | EC               | CORP              | IN        |    699684 | NS      | $6890589.81   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Hypera SA                                                | Hypera SA                                                       | CUSIP: N/A<br>LEI: 25490092WKPBKTIZX403       | Long             | EC               | CORP              | BR        |   1961362 | NS      | $8424274.81   | 0.45%             |  |  |  | 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      | $1579876.73   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| 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      |
| BDO Unibank, Inc.                                        | BDO Unibank, Inc.                                               | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |   5216660 | NS      | $11914258.08  | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanmi Pharm Co. Ltd.                                     | Hanmi Pharm Co. Ltd.                                            | CUSIP: N/A<br>LEI: 988400PP10VZVUOFE672       | Long             | EC               | CORP              | KR        |     24676 | NS      | $7760942.74   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Misto Holdings Corp.                                     | Misto Holdings Corp.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    213796 | NS      | $6336938.37   | 0.34%             |  |  |  | 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        |   3403357 | NS      | $15337209.36  | 0.81%             |  |  |  | No            |                  2 | 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      | $221806.67    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra International Tbk. PT                              | Astra International Tbk. PT                                     | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |  23551351 | NS      | $9452500.55   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| LigaChem Biosciences, Inc.                               | LigaChem Biosciences, Inc.                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     28745 | NS      | $3456606.53   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt.                                     | Richter Gedeon Nyrt.                                            | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |    642717 | NS      | $19429286.39  | 1.03%             |  |  |  | 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        |   4864679 | NS      | $2941316.15   | 0.16%             |  |  |  | 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      | $2680399.39   | 0.14%             |  |  |  | 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      | $2172580.74   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Development PJSC                                   | Emaar Development PJSC                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |   4175382 | NS      | $17217222.99  | 0.91%             |  |  |  | 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      | $9555678.33   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Bank Ltd.                                        | Federal Bank Ltd.                                               | CUSIP: N/A<br>LEI: 335800J8VWGE2HGWF417       | Long             | EC               | CORP              | IN        |   2182470 | NS      | $6492791.28   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                                | Prosus NV                                                       | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |   1376435 | NS      | $85227450.88  | 4.51%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                           | HDFC Bank Ltd.                                                  | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   3067603 | NS      | $33887488.81  | 1.79%             |  |  |  | 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      | $50558837.43  | 2.68%             |  |  |  | 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        |  18547805 | NS      | $18096003.95  | 0.96%             |  |  |  | No            |                  2 | On Loan: —       |
| JD.com, Inc.                                             | JD.com, Inc., Class A                                           | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |    332914 | NS      | $4787049.80   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman, Inc.                              | Wuxi Biologics Cayman, Inc.                                     | CUSIP: N/A<br>LEI: 5493001TD2TH6VDTJU11       | Long             | EC               | CORP              | KY        |   6486644 | NS      | $26230782.57  | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Eternal Ltd.                                             | Eternal Ltd.                                                    | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               | CORP              | IN        |   4587099 | NS      | $14215342.83  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Kuaishou Technology                                      | Kuaishou Technology                                             | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |   1098529 | NS      | $9080892.39   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase, Inc.                                            | NetEase, Inc.                                                   | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |    624638 | NS      | $17193282.32  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                    | Tencent Holdings Ltd.                                           | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    653198 | NS      | $50128726.52  | 2.65%             |  |  |  | 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        |    578673 | NS      | $286181.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wizz Air Holdings plc                                    | Wizz Air Holdings plc                                           | CUSIP: N/A<br>LEI: 213800COXGZCORLJZA85       | Long             | EC               | CORP              | JE        |     69426 | NS      | $1189768.09   | 0.06%             |  |  |  | No            |                  2 | On Loan: —       |
| HDB Financial Services Ltd.                              | HDB Financial Services Ltd.                                     | CUSIP: N/A<br>LEI: 335800WLGF5TDN2DEO63       | Long             | EC               | CORP              | IN        |     33790 | NS      | $288013.92    | 0.02%             |  |  |  | No            |                  2 | 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        |   6033283 | NS      | $36364189.44  | 1.93%             |  |  |  | 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        |   7440296 | NS      | $23940492.43  | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Emirates Central Cooling Systems Corp.                   | Emirates Central Cooling Systems Corp.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |  18081377 | NS      | $7581599.78   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Spinneys 1961 Holding plc                                | Spinneys 1961 Holding plc                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AE        |   7136543 | NS      | $2934090.24   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Brazilian Real                                           | Brazilian Real                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | BR        |   1580288 | OU      | $288386.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ather Energy Ltd.                                        | Ather Energy Ltd.                                               | CUSIP: N/A<br>LEI: 335800SZ7EUDQVUICH52       | Long             | EC               | CORP              | IN        |    773192 | NS      | $6492774.34   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                          | ICICI Bank Ltd.                                                 | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |   3657900 | NS      | $54746258.32  | 2.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Pine Labs Ltd.                                           | Pine Labs Ltd.                                                  | CUSIP: N/A<br>LEI: 335800PNP7BSLLVIBK61       | Long             | EC               | CORP              | IN        |   3174247 | NS      | $8452354.32   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemak SAB de CV                                          | Nemak SAB de CV                                                 | CUSIP: N/A<br>LEI: 5493000MY3DAIB0BP706       | Long             | EC               | CORP              | MX        |   1103031 | NS      | $221126.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Doosan Bobcat, Inc.                                      | Doosan Bobcat, Inc.                                             | CUSIP: N/A<br>LEI: 9884007K6X0Q0112FX44       | Long             | EC               | CORP              | KR        |    434323 | NS      | $17372868.15  | 0.92%             |  |  |  | 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        |   8364032 | NS      | $7019612.51   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Delivery Hero SE                                         | Delivery Hero SE                                                | CUSIP: N/A<br>LEI: 529900C3EX1FZGE48X78       | Long             | EC               | CORP              | DE        |    729110 | NS      | $19219322.01  | 1.02%             |  |  |  | No            |                  2 | On Loan: —       |
| Yuan Renminbi                                            | Yuan Renminbi                                                   | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | CN        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                                     | EURO                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | XX        |        83 | OU      | $98.04        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund | Franklin Institutional U.S. Government Money Market Fund        | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1716579 | NS      | $1716578.55   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd.                                             | Genpact Ltd.                                                    | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | BM        |    573574 | NS      | $26831791.72  | 1.42%             |  |  |  | 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        |   1794525 | NS      | $10139066.25  | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| XP, Inc.                                                 | XP, Inc., Class A                                               | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |    331578 | NS      | $5427931.86   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Dollar                                         | Hong Kong Dollar                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | HK        |       720 | OU      | $92.49        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Forint                                                   | Forint                                                          | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | HU        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rupiah                                                   | Rupiah                                                          | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | ID        |        -1 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Rupee                                             | Indian Rupee                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | IN        |  10356232 | OU      | $115223.65    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Won                                                      | Won                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | KR        | 509878364 | OU      | $353947.01    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mexican Peso                                             | Mexican Peso                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | MX        |         0 | OU      | $0.02         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hemisphere Properties India Ltd.                         | Hemisphere Properties India Ltd., Escrow Account                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IN        |    395958 | NS      | $543547.18    | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| Intercorp Financial Services, Inc.                       | Intercorp Financial Services, Inc.                              | CUSIP: N/A<br>LEI: 5299004181WFTEWB1398       | Long             | EC               | CORP              | PA        |    154816 | NS      | $6558005.76   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Philippine Peso                                          | Philippine Peso                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | PH        |   4303744 | OU      | $73152.50     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New Taiwan Dollar                                        | New Taiwan Dollar                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | TW        |         0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pine Labs Ltd.                                           | Pine Labs Ltd.                                                  | CUSIP: N/A<br>LEI: 335800PNP7BSLLVIBK61       | Long             | EC               | CORP              | IN        |    563336 | NS      | $1500045.67   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rand                                                     | Rand                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | ZA        |       199 | OU      | $12.04        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer