Templeton Emerging Markets Fund Announces Management Fee Decrease

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--TEMPLETON EMERGING MARKETS FUND (NYSE: EMF) (“EMF” or the “Fund”) today announced a management fee reduction, which will become effective on April 1, 2022. The Fund’s investment management fee reduction, as described below, was approved by the board of trustees on February 28, 2022. Management believes that the reduced management fee will benefit shareholders.

The Fund agrees to pay to the Manager a monthly fee in dollars, at the annual rate of the Fund’s daily net assets, as listed below, payable at the end of each calendar month:

New Management Fees (effective April 1, 2022):

Annualized Fee Rate	Net Assets
1.10%	Up to and including $1 billion
1.05%	Over $1 billion, up to and including $2 billion
1.00%	In excess of $2 billion

Current Management Fees:

Annualized Fee Rate	Net Assets
1.25%	Up to and including $1 billion
1.20%	Over $1 billion, up to and including $5 billion
1.15%	Over $5 billion, up to and including $10 billion
1.10%	Over $10 billion, up to and including $15 billion
1.05%	Over $15 billion, up to and including $20 billion
1.00%	In excess of $20 billion

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 155 countries. Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company offers boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.5 trillion in assets under management as of February 28, 2022. For more information, please visit franklintempleton.com.