EMF - Templeton Emerging Markets Fund
A closed-end fund run by Franklin Templeton. Invests outside the U.S. Listed on the New York Stock Exchange.
Is anyone targeting this fund?
Yes - one large investor holds a stake, but it has not asked for changes.
- City of London owns 23.7% as a passive investor. On file since Feb 9, 2024.
Is the fund doing anything you need to act on?
Nothing right now.
What this means for you
One or more large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.
Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.
What happened, and when
-
May 15, 2026
City of London raised its stake to 23.7% (from 22.3%), as a passive investor.
Original document → -
March 6, 2026
City of London cut its stake to 22.3% (from 27.9%), as a passive investor.
Original document → -
Feb 13, 2026
1607 Capital sold down below 5% and stopped reporting.
Original document → -
Nov 14, 2025
City of London raised its stake to 27.9% (from 26.5%), as a passive investor.
Original document → -
Aug 8, 2025
City of London raised its stake to 26.5% (from 25.4%), as a passive investor.
Original document →
Show all 11 events
-
May 15, 2025
1607 Capital cut its stake to 5.4% (from 6.9%), as a passive investor.
Original document → -
May 9, 2025
City of London cut its stake to 25.4% (from 28%), as a passive investor.
Original document → -
Feb 14, 2025
City of London raised its stake to 28% (from 25.7%), as a passive investor.
Original document → -
Nov 14, 2024
City of London raised its stake to 25.7% (from 22.5%), as a passive investor.
Original document → -
Feb 9, 2024
City of London now owns 22.5%, as a passive investor.
Original document → -
Feb 8, 2024
1607 Capital now owns 6.9%, as a passive investor.
Original document →
About this fund
- Run by Templeton Asset Management Ltd. Part of the Franklin Templeton Group of Funds fund family. As of Aug 31, 2025, from the fund's yearly report. Original document →
- Size: about $391 million of holdings, as of May 31, 2026. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
- Borrowing: the fund borrows about 3% on top of its own money, as of May 31, 2026. Borrowed money makes gains and losses bigger. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
- Costs: 1.1% a year in management fees; 1.3% a year in total, including interest on borrowed money. Fiscal year ended Aug 31, 2025. As of Aug 31, 2025, from the fund's yearly report. Original document →
- Payouts: last fiscal year (ended Aug 31, 2025) the fund paid $0.95 a share. $0.59 of that was income; $0.36 came from gains. As of Aug 31, 2025, from the fund's annual report. Original document →
- Value of holdings per share at the last fiscal year end (Aug 31, 2025): $17.27. The shares traded at $15.27, about 11.6% below that. As of Aug 31, 2025, from the fund's yearly report. Original document →
- How the holdings did: up 16.8% over the last three months we have (March-May 2026), before the share price is taken into account. Over the last 12 months: +84%. As of May 31, 2026, from the fund's quarterly holdings report. Original document →
- How the holdings did over the fiscal year (ended Aug 31, 2025): the value of the holdings returned +24.3%. How the share price did: the shares returned +28.3% over the same year, counting payouts and the change in the market price. As of Aug 31, 2025, from the fund's annual report. Original document →
- First reported to the regulator in 1994.
What the fund holds
Mostly shares (93%), the rest preferred shares and cash and short-term holdings. About 3% issued in the U.S.
- Taiwan Semiconductor Manufacturing Co. Ltd. - 16.4%
- SK Hynix, Inc. - 11.4%
- Samsung Electronics Co. Ltd. - 9.9%
- MediaTek, Inc. - 4.2%
- Cash and short-term - 2.8%
- Prosus NV - 2.5%
- BYD Co. Ltd. class H shares - 2.5%
- Hon Hai Precision Industry Co. Ltd. - 2.1%
- LG Corp. - 2%
- ICICI Bank Ltd. - 2%
Show all 25
- Hyundai Motor Co. - 1.8%
- Grupo Financiero Banorte SAB de CV class O shares - 1.7%
- Alibaba Group Holding Ltd. - 1.7%
- Zhen Ding Technology Holding Ltd. - 1.6%
- Lite-On Technology Corp. - 1.6%
- Itau Unibanco Holding SA - 1.6%
- Vale SA - 1.5%
- China Merchants Bank Co. Ltd. class A shares - 1.5%
- Tencent Holdings Ltd. - 1.5%
- Techtronic Industries Co. Ltd. - 1.4%
- Petroleo Brasileiro SA - Petrobras - 1.4%
- Discovery Ltd. - 1.3%
- HDFC Bank Ltd. - 1.3%
- Wuxi Biologics Cayman, Inc. - 1.3%
- Banco Bradesco SA - 1.2%
As of May 31, 2026, from the fund's quarterly holdings report. Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| May 15, 2026 | City of London | 23.7% | Updated notice |
| March 6, 2026 | City of London | 22.3% | Updated notice |
| Feb 13, 2026 | 1607 Capital | 4.1% | Sold down below 5% |
| Nov 14, 2025 | City of London | 27.9% | Updated notice |
| Aug 8, 2025 | City of London | 26.5% | Updated notice |
| May 15, 2025 | 1607 Capital | 5.4% | Updated notice |
| May 9, 2025 | City of London | 25.4% | Updated notice |
| Feb 14, 2025 | City of London | 28% | Updated notice |
| Nov 14, 2024 | City of London | 25.7% | Updated notice |
| Feb 9, 2024 | City of London | 22.5% | Updated notice |
| Feb 8, 2024 | 1607 Capital | 6.9% | Updated notice |
No announcements from the fund on file.
- Run by
- Templeton Asset Management Ltd.
- Fund family
- Franklin Templeton Group of Funds
- Exchange
- New York Stock Exchange
- Regulator's file number
- 811-04985
- Auditor
- PRICEWATERHOUSECOOPERS LLP
- Fiscal year end
- Aug 31, 2025
- Number of holdings
- 100
- Preferred share classes
- none
Email me when something new is filed for EMF
Free. One email per notice or announcement, usually within a day. No password.