# EDGAR Filing Document

**Accession Number:** 0000878087
**File Stem:** 0001752724-23-033180
**Filing Date:** 2023-2
**Character Count:** 37168
**Document Hash:** 833a56316c47724bd09f5ceac9920687
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-033180.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001752724-23-033180

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TEMPLETON DEVELOPING MARKETS TRUST
- **CENTRAL INDEX KEY:** 0000878087
- **IRS NUMBER:** 593078238
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06378
- **FILM NUMBER:** 23651846

**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:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $1033604657.36

**Total Liabilities:** $10050655.38

**Net Assets:** $1023554001.98

**Delayed Delivery Securities:** $1516264.68

**Cash Not Reported:** $1350050.58

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000128734 | -1.44%               | 18.50%               | -2.56%               |
| Class ID C000023835 | -1.44%               | 18.49%               | -2.59%               |
| Class ID C000023832 | -1.43%               | 18.45%               | -2.67%               |
| Class ID C000023834 | -1.54%               | 18.35%               | -2.65%               |
| Class ID C000023836 | -1.47%               | 18.43%               | -2.64%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-14531619.36            | $2016898.12                                |
| Month 2  | $-7542109.43             | $172744174.34                              |
| Month 3  | $6564588.81              | $-37275935.72                              |

### 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        |    212707 | NS      | $4998614.50   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTVS SA                                                                         | TOTVS SA                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     83041 | NS      | $432472.46    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Astra International Tbk. PT                                                      | Astra International Tbk. PT                                                      | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |  22822268 | NS      | $8351804.70   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Bradesco SA                                                                | Banco Bradesco SA                                                                | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |   6972850 | NS      | $20081808.00  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                                                          | Vale SA                                                                          | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |   1143447 | NS      | $19349246.80  | 1.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Kasikornbank PCL                                                                 | Kasikornbank PCL                                                                 | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41       | Long             | EC               | CORP              | TH        |   3150973 | NS      | $13397507.47  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| One 97 Communications Ltd.                                                       | One 97 Communications Ltd.                                                       | CUSIP: N/A<br>LEI: 335800ZRHU5J6GSTMI23       | Long             | EC               | CORP              | IN        |    688593 | NS      | $4416313.53   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                       | Alibaba Group Holding Ltd.                                                       | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |   4768179 | NS      | $52321485.62  | 5.11%             |  |  |  | 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        |  11065801 | NS      | $11045381.18  | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander Chile                                                            | Banco Santander Chile                                                            | CUSIP: 05965X109<br>LEI: 3YJP8HORPAEXJ80D6368 | Long             | EC               | CORP              | CL        |    466531 | NS      | $7389851.04   | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Ping An Bank Co. Ltd.                                                            | Ping An Bank Co. Ltd., Class A                                                   | CUSIP: N/A<br>LEI: 549300W9MKNIVWXFM679       | Long             | EC               | CORP              | CN        |   3816533 | NS      | $7259610.74   | 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        |   1787322 | NS      | $5793973.75   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Thai Beverage PCL                                                                | Thai Beverage PCL                                                                | CUSIP: N/A<br>LEI: 529900VZFHQZ684D8L07       | Long             | EC               | CORP              | TH        |   9206700 | NS      | $4707388.73   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Yandex NV                                                                        | Yandex NV, Class A                                                               | CUSIP: N/A<br>LEI: 549300GGZHJ5Q1B18P93       | Long             | EC               | CORP              | NL        |    424692 | 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        |      8617 | NS      | $4132173.15   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| VK Co. Ltd.                                                                      | VK Co. Ltd.                                                                      | CUSIP: 560317208<br>LEI: 2138009IXUP41SPL5B50 | Long             | EP               | CORP              | VG        |    134941 | 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        |     54528 | NS      | $1522258.13   | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| China Resources Land Ltd.                                                        | China Resources Land Ltd.                                                        | CUSIP: N/A<br>LEI: 5299001HL0TU7X15HK51       | Long             | EC               | CORP              | KY        |    627857 | NS      | $2856389.36   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp.                                                                      | NAVER Corp.                                                                      | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61       | Long             | EC               | CORP              | KR        |    216564 | NS      | $30929475.95  | 3.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Daqo New Energy Corp.                                                            | Daqo New Energy Corp.                                                            | CUSIP: 23703Q203<br>LEI: 529900711JBZ5O7VA827 | Long             | EC               | CORP              | KY        |    224992 | NS      | $8686941.12   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Kiatnakin Phatra Bank PCL                                                        | Kiatnakin Phatra Bank PCL                                                        | CUSIP: N/A<br>LEI: 254900UPQE3MNOEDXK30       | Long             | EC               | CORP              | TH        |   2196220 | NS      | $4672790.33   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| XP, Inc.                                                                         | XP, Inc., Class A                                                                | CUSIP: N/A<br>LEI: 5493008KDA8NBZRJST80       | Long             | EC               | CORP              | KY        |    119181 | NS      | $1828236.54   | 0.18%             |  |  |  | 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        |   7258529 | NS      | $105434416.08 | 10.30%            |  |  |  | No            |                  2 | On Loan: No      |
| LegoChem Biosciences, Inc.                                                       | LegoChem Biosciences, Inc.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    153870 | NS      | $5280902.94   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Holdings & Investment Ltd.                                                 | Bajaj Holdings & Investment Ltd.                                                 | CUSIP: N/A<br>LEI: 335800NL7NWD9IPOHL48       | Long             | EC               | CORP              | IN        |    136184 | NS      | $9437247.96   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Baidu, Inc.                                                                      | Baidu, Inc., Class A                                                             | CUSIP: N/A<br>LEI: 254900AL64IANZYI1E02       | Long             | EC               | CORP              | KY        |    543332 | NS      | $7748415.10   | 0.76%             |  |  |  | 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        |   3726457 | NS      | $22470535.71  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Corp.                                                                         | LG Corp.                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    469958 | NS      | $29222230.23  | 2.85%             |  |  |  | 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        |    917612 | NS      | $5077998.35   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                                                                   | HDFC Bank Ltd.                                                                   | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   1068567 | NS      | $20954727.36  | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Genpact Ltd.                                                                     | Genpact Ltd.                                                                     | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | BM        |    418844 | NS      | $19400854.08  | 1.90%             |  |  |  | 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        |   4392853 | NS      | $23603263.82  | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Wuxi Biologics Cayman, Inc.                                                      | Wuxi Biologics Cayman, Inc.                                                      | CUSIP: N/A<br>LEI: 5493001TD2TH6VDTJU11       | Long             | EC               | CORP              | KY        |    433460 | NS      | $3283029.50   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                                                            | Tencent Holdings Ltd.                                                            | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |   1064427 | NS      | $45132670.31  | 4.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Star Petroleum Refining PCL                                                      | Star Petroleum Refining PCL                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |  13921074 | NS      | $4292069.27   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Music Entertainment Group                                                | Tencent Music Entertainment Group                                                | CUSIP: 88034P109<br>LEI: 213800XTZK2GOHQTYK41 | Long             | EC               | CORP              | KY        |    759839 | NS      | $6291466.92   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co. Ltd.                                                             | Samsung SDI Co. Ltd.                                                             | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |      8197 | NS      | $3865024.48   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase, Inc.                                                                    | NetEase, Inc.                                                                    | CUSIP: N/A<br>LEI: 5299004AF4DSJDB0PA32       | Long             | EC               | CORP              | KY        |    610821 | NS      | $8859470.43   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek, Inc.                                                                   | MediaTek, Inc.                                                                   | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |   1680596 | NS      | $33984843.08  | 3.32%             |  |  |  | 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      | $2926406.28   | 0.29%             |  |  |  | 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        |   3749927 | NS      | $2472333.65   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| POSCO Holdings, Inc.                                                             | POSCO Holdings, Inc.                                                             | CUSIP: N/A<br>LEI: 988400E5HRVX81AYLM04       | Long             | EC               | CORP              | KR        |     60867 | NS      | $13376874.83  | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| L&F Co. Ltd.                                                                     | L&F Co. Ltd.                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     20539 | NS      | $2843819.77   | 0.28%             |  |  |  | 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        |   1922987 | NS      | $12633696.87  | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Cognizant Technology Solutions Corp.                                             | Cognizant Technology Solutions Corp., Class A                                    | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |    264642 | NS      | $15134875.98  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NagaCorp Ltd.                                                                    | NagaCorp Ltd.                                                                    | CUSIP: N/A<br>LEI: 549300MMNKN0RBJELS20       | Long             | EC               | CORP              | KY        |   5296447 | NS      | $4654031.99   | 0.45%             |  |  |  | No            |                  2 | On Loan: —       |
| Unilever plc                                                                     | Unilever plc                                                                     | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |    332313 | NS      | $16777071.58  | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd.                                                       | Alibaba Group Holding Ltd.                                                       | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     31492 | NS      | $2774130.28   | 0.27%             |  |  |  | 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      | $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        |   5058740 | 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        |   4601359 | NS      | $21323384.32  | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd.                                                   | Tata Consultancy Services Ltd.                                                   | CUSIP: N/A<br>LEI: 335800ZJKU9GPQRE2U66       | Long             | EC               | CORP              | IN        |    152609 | NS      | $6000620.54   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| COSCO SHIPPING Ports Ltd.                                                        | COSCO SHIPPING Ports Ltd.                                                        | CUSIP: N/A<br>LEI: 5299008QX6KA3JHWK507       | Long             | EC               | CORP              | BM        |   3139319 | NS      | $2491378.77   | 0.24%             |  |  |  | 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        |  37797200 | NS      | $21161608.90  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Zomato Ltd.                                                                      | Zomato Ltd.                                                                      | CUSIP: N/A<br>LEI: 335800T4VOF9ETHF8W59       | Long             | EC               | CORP              | IN        |  11045259 | NS      | $7916732.34   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                                                         | Itau Unibanco Holding SA                                                         | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |   4469717 | NS      | $21052367.07  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Soulbrain Co. Ltd.                                                               | Soulbrain Co. Ltd.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     81798 | NS      | $14275223.27  | 1.39%             |  |  |  | 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      | $2074132.42   | 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        |   1160600 | NS      | $5619044.32   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Nemak SAB de CV                                                                  | Nemak SAB de CV                                                                  | CUSIP: N/A<br>LEI: 5493000MY3DAIB0BP706       | Long             | EC               | CORP              | MX        |   8826866 | NS      | $2518396.36   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PB Fintech Ltd.                                                                  | PB Fintech Ltd.                                                                  | CUSIP: N/A<br>LEI: 98450083AC6B01HF1F87       | Long             | EC               | CORP              | IN        |    493404 | NS      | $2668687.04   | 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        |   1185315 | NS      | $13165278.51  | 1.29%             |  |  |  | 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        |    426769 | NS      | $24066046.91  | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Americana Restaurants International plc                                          | Americana Restaurants International plc                                          | CUSIP: N/A<br>LEI: 549300EYHRPEZ6UVAM64       | Long             | EC               | CORP              | AE        |   4136477 | NS      | $3357172.66   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd.                                                                  | ICICI Bank Ltd.                                                                  | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |   5684926 | NS      | $61135081.39  | 5.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Guangzhou Tinci Materials Technology Co. Ltd.                                    | Guangzhou Tinci Materials Technology Co. Ltd., Class A                           | CUSIP: N/A<br>LEI: 836800Y28XV3QK34CB65       | Long             | EC               | CORP              | CN        |   3367163 | NS      | $21354782.73  | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Prosus NV                                                                        | Prosus NV                                                                        | CUSIP: N/A<br>LEI: 635400Z5LQ5F9OLVT688       | Long             | EC               | CORP              | NL        |    393246 | NS      | $27149789.74  | 2.65%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO Unibank, Inc.                                                                | BDO Unibank, Inc.                                                                | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97       | Long             | EC               | CORP              | PH        |   1693820 | NS      | $3223848.76   | 0.31%             |  |  |  | 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        |  10965816 | NS      | $4239900.54   | 0.41%             |  |  |  | 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        |   9701714 | NS      | $9701714.42   | 0.95%             |  |  |  | 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        |  12788284 | NS      | $6758084.42   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Richter Gedeon Nyrt.                                                             | Richter Gedeon Nyrt.                                                             | CUSIP: N/A<br>LEI: 549300J6ZJW5IH4WEE46       | Long             | EC               | CORP              | HU        |    436594 | NS      | $9691748.32   | 0.95%             |  |  |  | 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      |
| Fila Holdings Corp.                                                              | Fila Holdings Corp.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    386780 | NS      | $10246822.40  | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                                                                     | Infosys Ltd.                                                                     | CUSIP: N/A<br>LEI: 335800TYLGG93MM7PR89       | Long             | EC               | CORP              | IN        |    571004 | NS      | $10408320.70  | 1.02%             |  |  |  | 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        |   2861125 | NS      | $6074123.55   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Netcare Ltd.                                                                     | Netcare Ltd.                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |   5102894 | NS      | $4362012.65   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                                                     | Samsung Electronics Co. Ltd.                                                     | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |   1365640 | NS      | $60194428.65  | 5.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Americanas SA                                                                    | Americanas SA                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1378747 | NS      | $2511672.90   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Chervon Holdings Ltd.                                                            | Chervon Holdings Ltd.                                                            | CUSIP: N/A<br>LEI: 254900QZTJZRI14G4020       | Long             | EC               | CORP              | HK        |     34100 | NS      | $187215.94    | 0.02%             |  |  |  | No            |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2023-01-30

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

**Signature:** Ryan Wheeler

**Name of Signer:** Ryan Wheeler

**Title:** Assistant Treasurer