# EDGAR Filing Document

**Accession Number:** 0000809708
**File Stem:** 0001752724-23-008693
**Filing Date:** 2023-1
**Character Count:** 69698
**Document Hash:** 9feb5b5141ffeed6456f996622d371d1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-008693.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001752724-23-008693

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TEMPLETON EMERGING MARKETS FUND
- **CENTRAL INDEX KEY:** 0000809708
- **IRS NUMBER:** 592767040
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04985
- **FILM NUMBER:** 23543675

**BUSINESS ADDRESS:**
- **STREET 1:** 300 S.E. 2ND STREET
- **CITY:** FORT LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301-1923
- **BUSINESS PHONE:** 954-527-7500

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEMPLETON EMERGING MARKETS FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Nport-Ex

# Schedule of Investments
(unaudited)

| Templeton Emerging Markets Fund | 2 |
| --- | --- |
| Notes to Schedule of Investments | 6 |

TEMPLETON EMERGING MARKETS FUND

Schedule of Investments (unaudited), November 30, 2022

| Not FDIC Insured | May Lose Value | No Bank Guarantee |
| --- | --- | --- |

TLEAF-QUPN

1

|  | Industry | Shares | Value |
| --- | --- | --- | --- |
| Common Stocks 91.9% |  |  |  |
| Brazil 2.5% |  |  |  |
| Americana SA | Internet & Direct Marketing Retail | 312,039 | $834,753 |
| TOTVS SA | Software | 16,080 | 95,590 |
| VAE SA | Metals & Mining | 260,748 | 4,305,115 |
| WP, Inc., A | Capital Markets | 24,872 | 435,509 |
|  |  |  | 5,470,967 |

2 | Quarterly Schedule of Investments | See Notes to Schedule of Investments.

SCHEDULE OF INVESTMENTS (UNAUDITED)

|  | Industry | Shares | Value |
| --- | --- | --- | --- |
| Central Bank |  |  |  |
| Central Bank Stocks (continued) | Hotels, Restaurants & Leisure | 736,916 | 535,267 |
| National Bank (continued) |  |  |  |
| China Bank Ltd. | Banks | 1,107,910 | $13,694,425 |
| Banca Bank, Chile, ADR | Services | 103,138,535 | 1,609,000,931 |
| PTI, French Ltd. | Insurance | 101,565 | 569,153 |
| China Bank Ltd. | IT Services | 43,339 | 1,821,435 |
| China Bank Ltd. Consultancy Services Ltd. | Internal & Other Marketing | 990,096 | 10,845,387 |
| Valuation Bank Holding Ltd. | Interest & Other Marketing | 2,278,796 | 4,187,415 |

TEMPLETON EMERGING MARKETS FUND

See Notes to Schedule of Investments. 1 Quarterly Schedule of Investments

3

SCHEDULE OF INVESTMENTS (UNAUDITED)

| Vilbaba Group Holding Ltd., ADR | Internet & Direct Markets | Shares | Volumes |
| --- | --- | --- | --- |
| North American Bank, Inc., 1045, Reg. S. | Automobiles | 360,000 | 37,444,870 |
| Central Bank, Inc., 1045, Reg. S. | Interactive Media & Services | 113,708 | 1,534,590 |
| Central Bank, Inc., 1045, Reg. S. | Automobiles | 4,321,301 | 1,000,812 |
| The Bank, Inc., 1045, Reg. S. | Construction | 1,838,282 | 2,000,000 |
| South American Bank, Inc., 1045, Reg. S. | Automobiles | 8,358,200 | 5,447,955 |
| Umbancara, Inc., 1045, Reg. S. | Household Durables | 7,600 | 4,761,807 |
| United States Bank, Inc., 1045, Reg. S. | Bank Banks | 438,588,117 | 43,517 |
| United States Bank, Inc., 1045, Reg. S. |  |  | 2,178,000,363 |

TEMPLETON EMERGING MARKETS FUND

8

Quarterly Schedule of Investments | See Notes to Schedule of Investments.

# SCHEDULE OF INVESTMENTS (UNAUDITED)

| Capital Fund 1.4% | Hotels, Restaurant & E濾能 | 2,728,222 | 1,474,200 | 1,181 |
| --- | --- | --- | --- | --- |
| Capital Fund 1.4% | Construction Materials | 2,728,222 | 1,474,200 | 1,181 |
| Capital Fund 1.4% | Real Estate Management & Development | 2,728,222 | 1,474,200 | 1,181 |
| Capital Fund 1.4% | Transportation | 2,728,222 | 1,474,200 | 1,181 |
| Capital Fund 1.4% | Semiconductors & Semiconductor Equipment | 2,728,222 | 1,474,200 | 1,181 |
| Capital Fund 1.4% | Real Estate Management & Development | 732,186 | 505,086 | 1,000 |
| Capital Fund 1.4% | Personal Products | 732,186 | 505,086 | 1,000 |

# TEMPLETON EMERGING MARKETS FUND

See Notes to Schedule of Investments | Quarterly Schedule of Investments | 5

| Other Operating Market Funds (Cost $25,261,949) | Chemicals | 703,945 | 4,537,850 |
| --- | --- | --- | --- |
| Total Operating Assets (Cost $25,261,949) | Oil, Gas & Commodity Fuels | 26,387 | 26,387 |
| Total Operating Assets (Cost $25,261,949) | Oil, Gas & Commodity Fuels | 26,387 | 26,387 |
| Total Operating Assets (Cost $25,261,949) | Oil, Gas & Commodity Fuels | 26,387 | 26,387 |
| Total Operating Assets (Cost $25,261,949) | Oil, Gas & Commodity Fuels | 26,387 |  |
| Total Operating Assets (Cost $25,261,949) | Oil, Gas & Commodity Fuels | 26,387 |  |
| Total Operating Assets (Cost $25,261,949) | Oil, Gas & Commodity Fuels | 26,387 |  |
| Total Operating Assets (Cost $25,261,949) | Oil | 26,387 |  |
| Total Operating Assets (Cost $25,261,949) | Oil, Gas & Commodity Fuels | 26,387 |  |
| Total Operating Assets (Cost $25,261,949) | Oil, Gas & Commodity Fuels | 26,387 |  |
| Total Operating Assets (Cost $25,261,949) | Oil |  |  |

TEMPLETON EMERGING MARKETS FUND

# Notes to Schedule of Investments (unaudited)

# 1. Organization

6 | Quarterly Schedule of Investments

NOTES TO SCHEDULE OF INVESTMENTS (UNAUDITED)

2016.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1.1

TEMPLETON EMERGING MARKETS FUND

### 3. Investments in Affiliated Management Investment Companies

•
•
•

Quarterly Schedule of Investments

1 T

NOTES TO SCHEDULE OF INVESTMENTS (UNAUDITED)

EXPRESS BUDGET, INC.  
 (A public or private company)  
 (A public or private company)  
 (A public or private company)  
 (A public or private company)  
 (A public or private company)  
 (A public or private company)  
 (A public or private company)  
 (A public or private company)  
 (A public or private company)  
 (A public or private company)  
 (A public or private company)

TEMPLETON EMERGING MARKETS FUND

# **4. Fair Value Measurements**

annual shareholder report

8 | Quarterly Schedule of Investments

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or

[{"box_2d": [25, 85, 561, 155], "label": "table", "caption": "

| Non-Employed Sector | Semiconductors & Semiconductors | 228,386,461 | 4,216,000,234 |
| --- | --- | --- | --- |
| Unemployed | Unemployed | 2,000,000 | 2,000,000 |
| Unemployed | Unemployed | 2,000,000 | 2,000,000 |
| Unemployed | Unemployed | 2,000,000 | 2,000,000 |
| Unemployed | Unemployed | 2,000,000 | 2,000,000 |
| Unemployed | Unemployed | 2,000,000 | 2,000,000 |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |
| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |
| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |
| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |
| Unemployed |  |  |  |  |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |
| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |
| Unemployed |  |  |  |  |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |
| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table></table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table></table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table></table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table></table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table></table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table></table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table></table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table></table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table></table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table></table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table></table>

| Unemployed | Unemployed | 2,000,000 | 2,000,000 | 2,000,000 |
| --- | --- | --- | --- | --- |

</table></table><tr><td>Unemployed</td><td>Unemployed</td><td>

Star Petroleum Refining PCL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 01. Gas & Consumable Fuels 2,264,747 751,380
Start from investments 25,251,000 25,251,000
(1) The total amount of investment in the financial sector is approximately 25,251,000. The total amount of investment in the financial sector is approximately 25,251,000. The total amount of investment in the financial sector is approximately 25,251,000. The total amount of investment in the financial sector is approximately 25,251,000.

A reconciliation in which Level 3 inputs are used in determining fair value is presented when there are significant Level 3 inputs. The level 3 inputs are used in determining fair value. The level 3 inputs are used in determining fair value. In addition, the level 3 inputs are used in determining fair value. The level 3 inputs are used in determining fair value. In addition, the level 3 inputs are used in determining fair value. The level 3 inputs are used in determining fair value. In addition, the level 3 inputs are used in determining fair value. The level 3 inputs are used in determining fair value. The level 3 inputs are used in determining fair value. The level 3 inputs are used in determining fair value. The level 3 inputs are used in determining fair value.

beginning of

Inns Out of

Liabilities

Gain

Appreciation

at End

Work at

portfolio securities to the listed institutions of fair value at 4 p.m. (Table 2) time. We have been a 2022 financial year. Total

The following table provides the 2022 financial year. In which case the securities were categorized as Level 2 inputs within the fair

value (which is not only one of the four values). See the Fair Value Measurements note for more information.

Equity in Securities

Fair Value in Securities

When the fair value reporting period is a non-business day, certain foreign markets may be open on those days that the

Funds have been calculated, which could result in differences between the value of the Fund's portfolio securities on the fair

business day and the last calendar day of the reporting period. Any security valuation changes due to an open foreign market

| Forces | 1,609,968 | - | - | - | 1,609,968 |
| --- | --- | --- | --- | --- | --- |
| are and the fund reflected by the Fund for financial reporting purposes | 61,001,788 | 50,928,296 | - | - | 61,001,788 |
| the Fund | - | - | - | - | - |
| Securities | - | 3,060,508 | - | - | 3,060,508 |
| Hong Kong | - | 1,945,434 | - | - | 1,945,434 |
| Hungary | - | 26,306,870 | - | - | 26,306,870 |
| India | - | - | - | - | 1,868,812 |
| Transfers, covenants, and other assets as a result of changes in the terms of observable liquidity and the approved rebuttal of the Fund | - | - | - | - | 5,154,544 |
| Includes the financial instruments determined in future results | 5,154,544 | - | - | - | 550,805 |
| Pakistan | 550,805 | - | - | - | 1,156,151 |
| Peru | 1,156,151 | - | - | - | - |

# **Abbreviations**

# **Currency**

| AED | Emirati Deham |
| --- | --- |
| SAR | Saudi Riyal |

# **Selected Portfolio**

| ADR | American Depositary Receipt |
| --- | --- |
| GDR | Global Depositary Receipt |

## 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 Emerging Markets Fund

- **b. Investment Company Act file number:** 811-04985

- **c. CIK number of Registrant:** 0000809708

- **d. LEI of Registrant:** CZCIR4LW4R7Y5KBS5R36

- **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 Emerging Markets Fund

- **c. LEI of Series:** CZCIR4LW4R7Y5KBS5R36

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $243628818.49

**Total Liabilities:** $22446976.78

**Net Assets:** $221181841.71

**Delayed Delivery Securities:** $101845.03

**Cash Not Reported:** $205013.08

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -12.24%              | -1.41%               | 18.53%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $513577.04               | $-25663367.22                              |
| Month 2  | $-2505670.63             | $-48088.88                                 |
| Month 3  | $-1533514.07             | $35627858.96                               |

**Designated Index Information**

- **Index Name:** MSCI Emerging Markets Index-NR

- **Index Identifier:** HB10520

### 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        |     46998 | NS      | $1156150.80   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| TOTVS SA                                                                         | TOTVS SA                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     16080 | NS      | $95590.38     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk. PT                                                      | Astra International Tbk. PT                                                      | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   4313301 | NS      | $1668811.64   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                                                                | Banco Bradesco SA                                                                | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |   1492166 | NS      | $4431733.02   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                                          | Vale SA                                                                          | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |    260748 | NS      | $4305114.63   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Kasikornbank PCL                                                                 | Kasikornbank PCL                                                                 | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |    662952 | NS      | $2741870.52   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                       | Alibaba Group Holding Ltd.                                                       | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |    996539 | NS      | $10845704.29  | 4.90%             |  |  |  | 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        |   2432838 | NS      | $2135486.39   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Chile                                                            | Banco Santander Chile                                                            | CUSIP: 05965X109<br>LEI: 3YJP8HORPAEXJ80D6368 | Long             | EC               | CORP              | CL        |    103137 | NS      | $1609968.57   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Bank Co. Ltd.                                                            | Ping An Bank Co. Ltd., Class A                                                   | CUSIP: N/A<br>LEI: 549300W9MKNIVWXFM679       | Long             | EC               | CORP              | CN        |    852800 | NS      | $1581075.15   | 0.71%             |  |  |  | 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        |    381630 | NS      | $1254456.92   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Americana Restaurants International plc                                          | Americana Restaurants International plc                                          | CUSIP: N/A<br>LEI: 549300EYHRPEZ6UVAM64       | Long             | EC               | CORP              | AE        |    547734 | NS      | $390484.04    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Thai Beverage PCL                                                                | Thai Beverage PCL                                                                | CUSIP: N/A<br>LEI: 529900VZFHQZ684D8L07       | Long             | EC               | CORP              | TH        |   1836100 | NS      | $859858.63    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Yandex NV                                                                        | Yandex NV, Class A                                                               | CUSIP: N/A<br>LEI: 549300GGZHJ5Q1B18P93       | Long             | EC               | CORP              | NL        |     87356 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LG Chem Ltd.                                                                     | LG Chem Ltd.                                                                     | CUSIP: N/A<br>LEI: 988400IES4EIG7O06940       | Long             | EC               | CORP              | KR        |      1728 | NS      | $997320.53    | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| VK Co. Ltd.                                                                      | VK Co. Ltd.                                                                      | CUSIP: 560317208<br>LEI: 2138009IXUP41SPL5B50 | Long             | EP               | CORP              | VG        |     56814 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| JD.com, Inc.                                                                     | JD.com, Inc., Class A                                                            | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | KY        |     11101 | NS      | $316914.88    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Land Ltd.                                                        | China Resources Land Ltd.                                                        | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | KY        |    121662 | NS      | $565120.85    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp.                                                                      | NAVER Corp.                                                                      | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |     45318 | NS      | $6660538.32   | 3.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Daqo New Energy Corp.                                                            | Daqo New Energy Corp.                                                            | CUSIP: 23703Q203<br>LEI: 529900711JBZ5O7VA827 | Long             | EC               | CORP              | KY        |     48458 | NS      | $2757744.78   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIC Motor Corp. Ltd.                                                            | BAIC Motor Corp. Ltd., Class H                                                   | CUSIP: N/A<br>LEI: 5299003EYHISIDNLZQ19       | Long             | EC               | CORP              | CN        |    360000 | NS      | $99443.60     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Kiatnakin Phatra Bank PCL                                                        | Kiatnakin Phatra Bank PCL                                                        | CUSIP: N/A<br>LEI: 254900UPQE3MNOEDXK30       | Long             | EC               | CORP              | TH        |    534625 | NS      | $1094556.52   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| XP, Inc.                                                                         | XP, Inc., Class A                                                                | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |     24872 | NS      | $435508.72    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co. Ltd.                                      | Taiwan Semiconductor Manufacturing Co. Ltd.                                      | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   1477450 | NS      | $23820506.51  | 10.77%            |  |  |  | No            |                  2 | On Loan: No      |
| LegoChem Biosciences, Inc.                                                       | LegoChem Biosciences, Inc.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     33474 | NS      | $1005624.89   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Holdings & Investment Ltd.                                                 | Bajaj Holdings & Investment Ltd.                                                 | CUSIP: N/A<br>LEI: 335800NL7NWD9IPOHL48       | Long             | EC               | CORP              | IN        |     28211 | NS      | $2192053.20   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Baidu, Inc.                                                                      | Baidu, Inc., Class A                                                             | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | KY        |    113708 | NS      | $1534589.93   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | CUSIP: 05969B103<br>LEI: SCRYQ25DTVRHYYMM6P89 | Long             | EC               | CORP              | MX        |    766117 | NS      | $4604363.17   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Corp.                                                                         | LG Corp.                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     98917 | NS      | $6449848.52   | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| China Merchants Bank Co. Ltd.                                                    | China Merchants Bank Co. Ltd., Class H                                           | CUSIP: N/A<br>LEI: 549300MKO5B60FFIHF58       | Long             | EC               | CORP              | CN        |    687088 | NS      | $3489821.11   | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                                                   | HDFC Bank Ltd.                                                                   | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |    220295 | NS      | $4372458.06   | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Genpact Ltd.                                                                     | Genpact Ltd.                                                                     | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | BM        |     85929 | NS      | $3962186.19   | 1.79%             |  |  |  | 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        |    438562 | NS      | $2176896.43   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman, Inc.                                                      | Wuxi Biologics Cayman, Inc.                                                      | CUSIP: N/A<br>LEI: 5493001TD2TH6VDTJU11       | Long             | EC               | CORP              | KY        |     80660 | NS      | $528634.49    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                                            | Tencent Holdings Ltd.                                                            | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    223708 | NS      | $8459974.83   | 3.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Star Petroleum Refining PCL                                                      | Star Petroleum Refining PCL                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   2264747 | NS      | $751379.53    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Group                                                | Tencent Music Entertainment Group                                                | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |    285091 | NS      | $1998487.91   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase, Inc.                                                                    | NetEase, Inc.                                                                    | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |    130526 | NS      | $1887264.28   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                                                   | MediaTek, Inc.                                                                   | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |    360421 | NS      | $8743234.17   | 3.95%             |  |  |  | No            |                  2 | On Loan: No      |
| KT Skylife Co. Ltd.                                                              | KT Skylife Co. Ltd.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     45931 | NS      | $304595.00    | 0.14%             |  |  |  | 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        |    732186 | NS      | $505686.20    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| POSCO Holdings, Inc.                                                             | POSCO Holdings, Inc.                                                             | CUSIP: N/A<br>LEI: 988400E5HRVX81AYLM04       | Long             | EC               | CORP              | KR        |     12652 | NS      | $2928115.69   | 1.32%             |  |  |  | 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        |    404337 | NS      | $2496427.87   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Cognizant Technology Solutions Corp.                                             | Cognizant Technology Solutions Corp., Class A                                    | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |     51668 | NS      | $3214266.28   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NagaCorp Ltd.                                                                    | NagaCorp Ltd.                                                                    | CUSIP: N/A<br>LEI: 549300MMNKN0RBJELS20       | Long             | EC               | CORP              | KY        |    736916 | NS      | $535266.59    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Americana Restaurants International plc                                          | Americana Restaurants International plc                                          | CUSIP: N/A<br>LEI: 549300EYHRPEZ6UVAM64       | Long             | EC               | CORP              | AE        |    318588 | NS      | $227246.89    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever plc                                                                     | Unilever plc                                                                     | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     70522 | NS      | $3527497.16   | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                       | Alibaba Group Holding Ltd.                                                       | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |      6343 | NS      | $555393.08    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MCB Bank Ltd.                                                                    | MCB Bank Ltd.                                                                    | CUSIP: N/A<br>LEI: 2549002SIFOER1TFOK04       | Long             | EC               | CORP              | PK        |   1048503 | NS      | $556604.64    | 0.25%             |  |  |  | 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        |     38214 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Sberbank of Russia PJSC                                                          | Sberbank of Russia PJSC                                                          | CUSIP: N/A<br>LEI: 549300WE6TAF5EEWQS81       | Long             | EC               | CORP              | RU        |   1014728 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Petroleo Brasileiro SA                                                           | Petroleo Brasileiro SA                                                           | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               | CORP              | BR        |    987956 | NS      | $5073760.78   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd.                                                   | Tata Consultancy Services Ltd.                                                   | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |     43339 | NS      | $1821435.15   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Ports Ltd.                                                        | COSCO SHIPPING Ports Ltd.                                                        | CUSIP: N/A<br>LEI: 5299008QX6KA3JHWK507       | Long             | EC               | CORP              | BM        |    797371 | NS      | $605433.35    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Brilliance China Automotive Holdings Ltd.                                        | Brilliance China Automotive Holdings Ltd.                                        | CUSIP: N/A<br>LEI: 5299005WPCSQN14NBM26       | Long             | EC               | CORP              | BM        |   8358200 | NS      | $4761866.90   | 2.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Zomato Ltd.                                                                      | Zomato Ltd.                                                                      | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               | CORP              | IN        |   2278796 | NS      | $1857415.25   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                                                         | Itau Unibanco Holding SA                                                         | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |    947575 | NS      | $4718923.50   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulbrain Co. Ltd.                                                               | Soulbrain Co. Ltd.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     17332 | NS      | $2880647.43   | 1.30%             |  |  |  | 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        |    269612 | NS      | $449158.20    | 0.20%             |  |  |  | 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        |    233200 | NS      | $1095711.68   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemak SAB de CV                                                                  | Nemak SAB de CV                                                                  | CUSIP: N/A<br>LEI: 5493000MY3DAIB0BP706       | Long             | EC               | CORP              | MX        |   1845731 | NS      | $550180.44    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PB Fintech Ltd.                                                                  | PB Fintech Ltd.                                                                  | CUSIP: N/A<br>LEI: 98450083AC6B01HF1F87       | Long             | EC               | CORP              | IN        |    102589 | NS      | $573880.88    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co. Ltd.                                                   | Techtronic Industries Co. Ltd.                                                   | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |    251059 | NS      | $3060508.30   | 1.38%             |  |  |  | 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        |     86446 | NS      | $4906654.16   | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                                                                  | ICICI Bank Ltd.                                                                  | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |   1167910 | NS      | $13694424.94  | 6.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangzhou Tinci Materials Technology Co. Ltd.                                    | Guangzhou Tinci Materials Technology Co. Ltd., Class A                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    703945 | NS      | $4537799.78   | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                                                        | Prosus NV                                                                        | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |     80992 | NS      | $5301035.64   | 2.40%             |  |  |  | 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        |   2198232 | NS      | $801946.82    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Institutional Fiduciary Trust - Money Market Portfolio                           | Institutional Fiduciary Trust - Money Market Portfolio                           | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |  25168009 | NS      | $25168008.69  | 11.38%            |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Cement Holdings Ltd.                                             | China Resources Cement Holdings Ltd.                                             | CUSIP: N/A<br>LEI: 529900E0EOYXYJ0GHY66       | Long             | EC               | CORP              | KY        |   2723222 | NS      | $1478229.39   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt.                                                             | Richter Gedeon Nyrt.                                                             | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |     90408 | NS      | $1945433.74   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| LUKOIL PJSC                                                                      | LUKOIL PJSC                                                                      | CUSIP: N/A<br>LEI: 549300LCJ1UJXHYBWI24       | Long             | EC               | CORP              | RU        |     86387 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Fila Holdings Corp.                                                              | Fila Holdings Corp.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     83240 | NS      | $2142602.11   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                                                     | Infosys Ltd.                                                                     | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |     88535 | NS      | $1800931.25   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Health & Happiness H&H International Holdings Ltd.                               | Health & Happiness H&H International Holdings Ltd.                               | CUSIP: N/A<br>LEI: 2138007WU5DJFZFDDV59       | Long             | EC               | CORP              | KY        |    686624 | NS      | $835589.99    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Netcare Ltd.                                                                     | Netcare Ltd.                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    809872 | NS      | $701378.26    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                                                     | Samsung Electronics Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    296278 | NS      | $14393495.30  | 6.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Americanas SA                                                                    | Americanas SA                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    312039 | NS      | $634753.40    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Chervon Holdings Ltd.                                                            | Chervon Holdings Ltd.                                                            | CUSIP: N/A<br>LEI: 254900QZTJZRI14G4020       | Long             | EC               | CORP              | HK        |      7600 | NS      | $43527.34     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** Templeton Emerging Markets Fund

**Signature:** Jeffrey W. White

**Name of Signer:** Jeffrey W. White

**Title:** Assistant Treasurer