SWIB holds 1,006,525 shares of Templeton Emerging Markets Fund (EMF)

Rhea-AI Filing Summary

State of Wisconsin Investment Board reported beneficial ownership of Closed-end Fund Shares of Templeton Emerging Markets Fund. The filing shows 1,006,525 shares beneficially owned, representing 6.73% of the class, with sole voting and dispositive power over 1,006,525 shares.

The report lists the issuer address as 300 S.E. 2nd Street, Fort Lauderdale, FL and identifies the security as CUSIP 880191101. A filing delay is attributed to an "Incorrect security type in security master."

Insights

Institutional Ownership Analyst

Large public pension fund reports a 6.73% stake in Templeton Emerging Markets Fund.

The State of Wisconsin Investment Board is shown as beneficial owner of 1,006,525 shares with sole voting and dispositive power, indicating direct control over voting and disposition for this position as of the cover date 03/31/2025.

Holding size at 6.73% is reportable under beneficial ownership thresholds; the filing notes an administrative delay due to an "Incorrect security type in security master," which appears procedural. Subsequent filings may clarify timing or changes.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Templeton Emerging Markets Fund

(Name of Issuer)

Closed-end Fund Shares

(Title of Class of Securities)

880191101

(CUSIP Number)

03/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 880191101

1

Names of Reporting Persons

State of Wisconsin Investment Board

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

WISCONSIN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,006,525.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,006,525.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,006,525.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.73 %

12

Type of Reporting Person (See Instructions)

EP

Comment for Type of Reporting Person: Incorrect security type in security master is the reason for filing delay.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Templeton Emerging Markets Fund
(b)	Address of issuer's principal executive offices: 300 S.E. 2nd Street, Fort Lauderdale, FLORIDA 33301
Item 2.
(a)	Name of person filing: State of Wisconsin Investment Board
(b)	Address or principal business office or, if none, residence: 4703 Madison Yards Way, Suite 700, Madison, WI 53705
(c)	Citizenship: Wisconsin
(d)	Title of class of securities: Closed-end Fund Shares
(e)	CUSIP No.: 880191101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Item 9 of the Cover Pages.
(b)	Percent of class: See Item 11 of the Cover Pages.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 of the Cover Pages.
	(ii) Shared power to vote or to direct the vote: See Item 6 of the Cover Pages.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 of the Cover Pages.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 of the Cover Pages.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

State of Wisconsin Investment Board

Signature:	Lisa Lange
Name/Title:	Director of Compliance and Senior Legal Counsel
Date:	02/25/2026

FAQ

What stake does SWIB report in Templeton Emerging Markets Fund (EMF)?

SWIB reports beneficial ownership of 1,006,525 shares, equal to 6.73% of the class. The filing shows sole voting and dispositive power over the same 1,006,525 shares, per the cover-page fields.

Who filed the Schedule 13G for EMF and where is the issuer located?

The filer is the State of Wisconsin Investment Board with an office at 4703 Madison Yards Way, Madison, WI. The issuer's principal executive office is listed at 300 S.E. 2nd Street, Fort Lauderdale, FL.

What CUSIP and class of security are reported for EMF?

The filing identifies the class as Closed-end Fund Shares with CUSIP 880191101. A comment in the filing cites an "Incorrect security type in security master" as the reason for a filing delay.

Does the Schedule 13G indicate shared voting or dispositive power for this holding?

No. The cover-page fields show Shared Voting Power 0.00 and Shared Dispositive Power 0.00, while Sole Voting Power 1,006,525 and Sole Dispositive Power 1,006,525 are reported.