- ISIN
- US3535338137
- Issuer
- Franklin Templeton
- Inception Date
- May 23, 2006
- Category
- Emerging Markets Bonds
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
FEMDX Performance Chart
Franklin Emerging Market Debt Opportunities Fund (FEMDX) is up 8.4% since the beginning of the year. FEMDX is currently trading at $14 per share. Investors who bought $1,000 worth of FEMDX shares 5 years ago would now be looking at an investment worth $1,462.
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Returns By Period
Franklin Emerging Market Debt Opportunities Fund (FEMDX) has returned 8.40% so far this year and 20.19% over the past 12 months. Over the last ten years, FEMDX has returned 7.12% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Franklin Emerging Market Debt Opportunities Fund
- 1D
- -0.07%
- 1M
- 1.65%
- YTD
- 8.40%
- 6M
- 9.01%
- 1Y
- 20.19%
- 3Y*
- 15.89%
- 5Y*
- 7.89%
- 10Y*
- 7.12%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FEMDX Monthly Returns History
Based on dividend-adjusted daily data since May 31, 2006, FEMDX's average daily return is +0.02%, while the average monthly return is +0.54%. At this rate, an investment would double in approximately 10.7 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2009 with a return of +9.6%, while the worst month was Oct 2008 at -19.1%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FEMDX closed higher 50% of trading days. The best single day was May 17, 2022 with a return of +4.3%, while the worst single day was Dec 15, 2014 at -8.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.56% | 1.25% | -3.00% | 4.29% | 2.44% | 0.74% | 8.40% | ||||||
| 2025 | 2.17% | 1.28% | -1.34% | -1.19% | 2.24% | 2.61% | 1.40% | 1.78% | 1.35% | 1.96% | 1.08% | 1.42% | 15.69% |
| 2024 | 1.02% | 1.84% | 2.62% | -0.97% | 0.98% | -0.18% | 1.76% | 1.99% | 2.29% | -0.25% | 1.08% | -0.87% | 11.83% |
| 2023 | 3.74% | -1.30% | -0.20% | -0.10% | -1.22% | 4.54% | 3.25% | -1.91% | 0.19% | -0.49% | 4.49% | 3.82% | 15.47% |
| 2022 | -1.21% | -6.67% | -3.95% | -2.74% | 5.33% | -4.97% | -0.40% | 1.61% | -3.67% | 0.10% | 7.11% | 1.12% | -8.87% |
| 2021 | 0.62% | -0.61% | -1.67% | 2.60% | 1.22% | 0.69% | 0.43% | 1.45% | -1.18% | -0.09% | -2.72% | 0.96% | 1.58% |
Benchmark Metrics
Franklin Emerging Market Debt Opportunities Fund has an annualized alpha of 5.18%, beta of 0.10, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since May 31, 2006.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (40.75%) than losses (39.33%) - typical of diversified or defensive assets.
- Beta of 0.10 may look defensive, but with R2 of 0.11 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.11 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.18%
- Beta
- 0.10
- R²
- 0.11
- Upside Capture
- 40.75%
- Downside Capture
- 39.33%
Expense Ratio
FEMDX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FEMDX ranks 98 for risk / return — in the top 98% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin Emerging Market Debt Opportunities Fund (FEMDX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEMDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +5.06 | ||
| Omega ratioGain probability vs. loss probability | 2.11 | 1.37 | +0.75 |
| Calmar ratioReturn relative to maximum drawdown | 5.68 | 2.78 | +2.89 |
| Martin ratioReturn relative to average drawdown | 26.93 | 12.44 | +14.49 |
Dividends
Dividend History
Franklin Emerging Market Debt Opportunities Fund provided a 5.98% dividend yield over the last twelve months, with an annual payout of $0.81 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $0.81 | $0.53 | $0.34 | $0.90 | $0.00 | $0.00 | $0.80 | $0.86 | $0.50 | $0.08 | $0.59 |
Dividend yield | 5.98% | 6.49% | 4.65% | 3.12% | 9.31% | 0.00% | 0.00% | 7.29% | 8.06% | 4.29% | 0.69% | 6.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin Emerging Market Debt Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.81 | $0.81 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.53 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.90 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin Emerging Market Debt Opportunities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin Emerging Market Debt Opportunities Fund was 36.14%, occurring on Mar 4, 2009. Recovery took 161 trading sessions.
The current Franklin Emerging Market Debt Opportunities Fund drawdown is 0.22%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -36.14%Mar 2009 | 7mo 1d | 7mo 21d | 1y 2moAug 2008 - Oct 2009 |
Bear market2022 | -19.93%Oct 2022 | 1y 1mo | 1y 1mo | 2y 2moSep 2021 - Dec 2023 |
2016 correction2016 | -19.85%Jan 2016 | 1y 6mo | 1y 3mo | 2y 9moJul 2014 - May 2017 |
COVID crash2020 | -19.57%Apr 2020 | 3mo 6d | 7mo 13d | 10mo 19dJan 2020 - Dec 2020 |
2011 pullback2011 | -8.91%Oct 2011 | 2mo 2d | 4mo 15d | 6mo 17dAug 2011 - Feb 2012 |
Drawdown Indicators
| FEMDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.14% | -56.78% | +20.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.54% | -9.10% | +5.56% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -18.90% | +12.73% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -25.43% | +5.50% |
Max Drawdown (10Y)Largest decline over 10 years | -19.93% | -33.92% | +13.99% |
Current DrawdownCurrent decline from peak | -0.22% | -1.80% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -10.71% | +5.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | 2.03% | -1.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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