Fund Description: Templeton Emerging Markets Fund, Inc. is an exchange-traded closed-end fund or a closed-end ETF which is officially described in its prospectus as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund seeks long-term capital appreciation by investing mainly in emerging country equity securities. FUND STRATEGY: Their investment strategy employs a bottom-up, value-oriented, long-term approach. They focus on the market price of a company’s securities relative to their evaluation of the company’s long-term earnings, asset value and cash flow potential. As they look for investments, they focus on specific companies and undertake in-depth research to construct an action list from which they make their buy decisions. Before they make a purchase, they look at the company’s potential for earnings and growth over a five-year horizon. During their analysis, they also consider the company’s position in its sector, the economic framework and political environment. FUND MANAGEMENT: The Fund's investment adviser, Templeton Asset Management Ltd., is an indirect, wholly owned subsidiary of Franklin Resources, Inc. (NYSE:BEN), a global investment organization operating as Franklin Templeton Investments.