Fund Evaluator:
Franklin Emerging Market Core Equity Adv (FCEEX)
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Best Performing in Diversified Emerging Mkts Over the Last Year
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Fund Details
Franklin Emerging Market Core Equity Adv Overview
Franklin Emerging Market Core Equity Adv (FCEEX) is an actively managed International Equity Diversified Emerging Mkts fund. Franklin Templeton Investments launched the fund in 2019.
The investment seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets in equity securities of issuers located in “emerging market countries." Emerging market countries include those currently considered to be emerging or developing by the United Nations or the countries' authorities or by S&P Dow Jones, Morgan Stanley Capital International or Russell index providers.
About Franklin Emerging Market Core Equity Adv (FCEEX)
There are 3 members of the management team with an average tenure of 0.53 years: Brett Risser (2026), Adrian Chan (2025), Jacqueline Kenney (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI Ex USA NR USD index with a weighting of 100% and MSCI EM NR USD index with a weighting of 100%. Franklin Emerging Market Core Equity Adv has 221 securities in its portfolio. The top 10 holdings constitute 47.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Franklin Emerging Market Core Equity Adv is part of the Equity global asset class and is within the International Equity fund group. Franklin Emerging Market Core Equity Adv has 99.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.4%. There is 99.1% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Franklin Emerging Market Core Equity Adv has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $232 million in total assets, which is below the $1 billion average for the Diversified Emerging Mkts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FCEEX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Franklin Emerging Market Core Equity Adv expense ratio is low compared to funds in the Diversified Emerging Mkts category. Franklin Emerging Market Core Equity Adv has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Franklin Emerging Market Core Equity Adv has a portfolio turnover rate of 59%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.
Recently, in the month of June 2026, Franklin Emerging Market Core Equity Adv returned 0.1%, which earned it a grade of C, as the Diversified Emerging Mkts category had an average return of 0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Franklin Emerging Market Core Equity Adv has a trailing yield of 2.34%, which is above the 1.58% category average. The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Franklin Emerging Market Core Equity Adv Grades
Year to date, the fund has returned 26.0%, 0.3 percentage points better than the category, which translates into a grade of C. The fund has returned 44.5% over the past year (grade of C), 25.8% over the past three years (grade of B) and 9.6% per year over the past five years (grade of A).
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FCEEX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FCEEX Return (NAV) | 0.1% | 20.7% | 44.5% | 25.8% | 9.6% | na |
| FCEEX Grade | C | C | C | B | A | na |
| +/- Category | -0.2% | -1.4% | 0.4% | 3.9% | 3.3% | na |
| Diversified Emerging Mkts Avg | 0.2% | 22.0% | 44.1% | 21.9% | 6.4% | 9.7% |
| FCEEX Tax Cost Ratio | na | na | 1.2% | 1.5% | 1.4% | na |
FCEEX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FCEEX Return (NAV) | 26.0% | 34.8% | 10.5% | 12.6% | -17.0% | -1.3% | 10.2% | na | na | na | na |
| FCEEX Grade | C | B | A | B | A | C | F | na | na | na | na |
| +/- Category | 0.3% | 3.4% | 4.3% | 0.4% | 5.7% | -1.1% | -11.4% | na | na | na | na |
| Diversified Emerging Mkts Avg | 25.7% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.6% | 8.6% |
| Risk Measures | |
| Standard Deviation: | 15.1% |
| Total Risk Index: | 1.24 - Above Average |
| Category Risk Index: | 0.93 - Below Average |
| Category Risk Grade: | B (30% Rank) |
| Beta: | 0.98 |
| R-Squared: | 82% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.3% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | |
| Total Assets: | $232 Mil |
| Fund Total Assets: | $ 233 Mil |
| Share Class Type: | Adv |
| Portfolio Turnover: | 59% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 0.8 years | |||
| Average Tenure: 0.5 years | |||
| Managers (Year): Chan Adrian (2025), Kenney Jacqueline (2025), Risser Brett (2026) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 221 |
| % in Top 10 Holdings: | 47.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 99.1% |
Portfolio Allocation |
|
| Domestic Stock: | 0.4% |
| Foreign Stock: | 99.1% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-342-5236 |
| Website: | www.franklintempleton.com |
| Status: | Open |
| Inception Date: | August 1, 2019 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.00% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 1.16% |
| Share Class: | Franklin Emerging Market Core Equity Adv |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
