6. Fair
Value
Measurements
The
Fund
follows
a
fair
value
hierarchy
that
distinguishes
between
market
data
obtained
from
independent
sources
(observable
inputs)
and
the
Fund's
own
market
assumptions
(unobservable
inputs).
These
inputs
are
used
in
determining
the
value
of
the
Fund's
financial
instruments
and
are
summarized
in
the
following
fair
value
hierarchy:
•
Level
1
–
quoted
prices
in
active
markets
for
identical
financial
instruments
•
Level 2
–
other
significant
observable
inputs
(including
quoted
prices
for
similar
financial
instruments,
interest
rates,
prepayment
speed,
credit
risk,
etc.)
•
Level 3
–
significant
unobservable
inputs
(including
the
Fund's own
assumptions
in
determining
the
fair
value
of
financial
instruments)
The
input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level.
A
summary
of
inputs
used
as
of
September
30,
2020,
in
valuing
the
Fund's
assets
carried
at
fair
value,
is
as
follows:
7.
Subsequent
Events
The Fund
has
evaluated
subsequent
events
through
the
issuance
of
the
Statement
of
Investments
and
determined
that
no
events
have
occurred
that
require
disclosure.
Level
1
Level
2
Level
3
Total
Templeton
Developing
Markets
Trust
Assets:
Investments
in
Securities:
Common
Stocks
:
Brazil
...............................
$
36,520,671
$
—
$
—
$
36,520,671
Cambodia
............................
—
9,059,844
—
9,059,844
China
...............................
142,982,250
287,693,755
—
430,676,005
Czech
Republic
.......................
—
3,906,211
—
3,906,211
Hong
Kong
...........................
—
1,024,123
—
1,024,123
Hungary
.............................
—
11,908,267
—
11,908,267
India
................................
—
75,698,965
—
75,698,965
Indonesia
............................
—
10,154,143
—
10,154,143
Kenya
...............................
1,196,726
—
—
1,196,726
Macau
..............................
—
970,237
—
970,237
Mexico
..............................
14,563,586
—
—
14,563,586
Pakistan
.............................
3,857,362
—
—
3,857,362
Peru
................................
2,901,310
—
—
2,901,310
Philippines
...........................
—
2,519,200
—
2,519,200
Russia
..............................
33,147,718
63,545,309
—
96,693,027
Singapore
............................
—
1,614,298
—
1,614,298
South
Africa
..........................
—
59,802,196
—
59,802,196
South
Korea
..........................
—
259,643,280
—
259,643,280
Taiwan
..............................
—
206,577,374
—
206,577,374
Thailand
.............................
—
19,969,278
—
19,969,278
United
Kingdom
.......................
—
42,428,320
—
42,428,320
United
States
.........................
28,739,446
—
—
28,739,446
Preferred
Stocks
........................
42,928,023
—
—
42,928,023
Short
Term
Investments
...................
37,219,393
—
—
37,219,393
Total
Investments
in
Securities
...........
$344,056,485
$1,056,514,800
$—
$1,400,571,285
