Framework Journal · one stock, one dated entry

Recorded 2026-06-14 · Permanent

Templeton Emerging Markets Fund EMF

Outside both standards

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · Templeton Emerging Markets Fund is a closed-ended equity mutual fund launched by Franklin Resources Inc.

The label
Markup

read at $23.61

Templeton Emerging Markets Fund holds its Markup at $23.61.

PHINPOOPSC
  • PHPhase · the trend structure carries the Markup label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · does not pass the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-06-14
PhaseMarkup
Quantitative stateConsolidating, no directional conviction, held for 16 days
Price$23.61
Valuation2.51 trailing · N/A forward price to earnings
Values screenFAIL · score 30.0
Beta0.99

The business, in plain words · what the numbers mean

The fundamentals · plain-English read
Trailing P/E2.5x
very cheap relative to earnings
Revenue growth15.2%
steady growth
Profit margin2,035.0%
highly profitable on every dollar of sales
Return on equity50.0%
an exceptional return on shareholder capital
Debt to equity2.95
heavy leverage — higher risk if revenue softens
Beta0.99
steadier than the market
Market cap$353M

The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; its business and earnings are exposed to Singapore and to currency swings; it carries a real debt load, which raises the stakes if revenue slips.

Plain-English interpretation of our own screen data. Analysis, not advice.

The trader read · the latest dated commentary

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 74%. Our forward projection puts the odds of a 10% gain over the next month near 26%. Entered 2026-07-27 · Markup

The dated journal · newest first, never edited

2026-07-27 Markup $23.61 +0.0% Entry 4

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 74%. Our forward projection puts the odds of a 10% gain over the next month near 26%.

2026-07-18 Markup $23.61 +0.0% Entry 3

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 32% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 74%. Our forward projection puts the odds of a 10% gain over the next month near 26%.

2026-07-03 Markup $23.61 +0.0% Entry 2

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.

2026-07-02 Markup $23.61 Entry 1

The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows excellent risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $22.48 -1.4% · $986 -1.4%
2 months $18.99 +16.7% · $1,167 +16.7%
3 months $17.96 +23.4% $0.22 $1,246 +24.6%
6 months $16.36 +35.4% $1.22 $1,429 +42.9%
1 year $12.76 +73.7% $1.66 $1,866 +86.6%
2 years $10.35 +114.2% $2.39 $2,373 +137.3%
3 years $9.52 +132.7% $3.11 $2,654 +165.4%
5 years $13.53 +63.7% $5.35 $2,033 +103.3%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever EMF does next, these words stay.

Templeton Emerging Markets Fund · EMF · Markup · $23.61
Recorded 2026-06-14 · before the outcome · scored mechanically

All of today's entries See the running score

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