TAEMX — Templeton Emerging Markets Balanced Fund

TAEMX Fund Overview

TAEMX — Templeton Emerging Markets Balanced Fund is a US mutual fund managed by Templeton Global Investment Trust, categorised as Europe Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Templeton Global Investment Trust
• Category: Europe Multi-Cap / All-Cap Blend / Core Equity
• Assets under management: $18.77M
• Ticker: TAEMX
• SEC CIK: 0000916488
• SEC series ID: S000033826
• Share class ID: C000104484

TAEMX Investment Objective and Strategy

Templeton Emerging Markets Balanced Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Templeton Global Investment Trust.

Investment objective

To seek both income and capital appreciation.

Principal investment strategy

"Under normal market conditions, the Fund invests at least 80% of its net assets, plus any borrowings, in a diversified portfolio of equity securities, and fixed and floating rate debt obligations issued by governments, government-related entities and corporate entities which are located, incorporated or have significant business activities in or are impacted by economic developments in developing or emerging market countries. The Fund normally invests at least 25% of its net assets in equity securities and at least 25% of its net assets in fixed income senior securities. The equity portion of the Fund may invest in equity securities of companies from a variety of industries, but from time to time, based on economic conditions, the Fund may have significant investments in particular sectors.

The equity securities in which the Fund invests are primarily common and preferred stocks, which may include equity securities of smaller companies, as well as American, Global and European depositary receipts. The fixed income portion of the Fund may invest in bonds (including inflation-indexed securities) of any maturity and of any rating category or in unrated bonds, a significant number of which may be considered high-yield bonds. High yield bonds are rated below investment grade and are sometimes referred to as ""junk bonds."" The Fund may purchase equity and fixed income securities denominated in any currency. The ""developing"" or ""emerging market countries"" in which the Fund may invest include those currently considered to be developing or emerging by the International Monetary Fund, the World Bank, the United Nations, or the countries' authorities, countries included in the JP Morgan Emerging Markets Bond Index - Global (EMBIG) or JP Morgan Government Bond Index - Emerging Markets Broad (GBI-EM Broad) fixed income indexes, or countries with a stock market capitalization of less than 3% of the MSCI World Index.

Emerging market countries typically are located in the Asia-Pacific region, Eastern Europe, the Middle East, Central and South America, and Africa. For purposes of the Fund's 80% policy and as used in this prospectus, the term ""business activities"" includes various financial metrics, including total revenue from either goods or services produced in emerging market countries, sales made in emerging market countries, assets or employees that are located in emerging market countries, and/or profitability derived from activities or operations in emerging market countries. The fixed income portion of the Fund regularly uses various currency related transactions involving derivative instruments, principally currency and cross currency forwards, but may also use currency and currency index futures contracts.

The Fund maintains significant positions in currency related derivative instruments as a hedging technique with respect to its fixed income securities or to implement a currency investment strategy, which could expose a large amount of the Fund's assets to obligations under these instruments. The use of these derivative transactions may allow the Fund to obtain net long or net negative (short) exposure to selected currencies. The results of such transactions may represent, from time to time, a large component of the Fund's fixed income investment returns. The Fund may also enter into various other transactions involving derivatives from time to time, including interest rate and bond futures contracts (including those on government securities) and swap agreements (which may include credit default and interest rate swaps).

The use of these derivative transactions may allow the Fund to obtain net long or net short exposures to selected currencies, interest rates, countries, durations or credit risks, or may be used for hedging purposes. When allocating assets between the equity portion and the fixed income portion of the Fund, the investment manager applies a bottom up, fundamental research approach, considering the opportunity set within each asset class based on both absolute and relative valuations available within each asset class. The investment manager considers the relative valuation of equities versus bonds and the volatility and near-term risk of loss in each asset class. When choosing equity investments for the Fund, the investment manager applies a fundamental research, value-oriented, long-term approach, focusing on the market price of a company's securities relative to the investment manager's evaluation of the company's long-term earnings, asset value and cash flow potential.

The investment manager also considers a company's profit and loss outlook, balance sheet strength, cash flow trends and asset value in relation to the current price of the company's securities. When choosing fixed income investments for the Fund, the investment manager allocates the Fund's assets based upon its assessment of changing market, political and economic conditions. It considers various factors, including evaluation of interest and currency exchange rate changes and credit risks. The investment manager may consider selling a security when it believes the security has become fully valued due to either its price appreciation or changes in the issuer's fundamentals, or when the investment manager believes another security is a more attractive investment opportunity."

TAEMX Holdings

Top 6 holdings of Templeton Emerging Markets Balanced Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all TAEMX holdings

TAEMX Portfolio Allocation

Asset-class allocation of Templeton Emerging Markets Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.

TAEMX Costs and Fees

TAEMX costs about $149 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.49%
• Gross expense ratio: 2.32%
• Portfolio turnover: 22%
• Brokerage commissions: 3.44 bps of average net assets (SEC N-CEN)

TAEMX Cashflows

Over the 12 months to 2019-09, Templeton Emerging Markets Balanced Fund had net outflows of $9.69M, from monthly SEC N-PORT filings.

TAEMX Debt Constituents

Largest debt holdings of Templeton Emerging Markets Balanced Fund by percentage of net assets, from the latest SEC N-PORT filing.

TAEMX Prospectus and SEC Filings

Official Templeton Emerging Markets Balanced Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-05-06
• Prospectus supplement (497) — filed 2019-02-12
• Prospectus supplement (497) — filed 2018-09-10
• Portfolio holdings (N-PORT) — filed 2019-11-29
• Annual census, amended (N-CEN/A) — filed 2019-07-08

Related Funds

Other Europe Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:

• Bridge Builder International Equity Fund (BBIEX)
• Six Circles International Unconstrained Equity Fund (CIUEX)
• Fidelity Diversified International Fund (FDIVX)
• iShares MSCI Eurozone ETF (EZU)
• Fidelity Diversified International K6 Fund (FKIDX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.