Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwired - Sep 19, 2013) - The Templeton closed-end Funds referenced below, which trade on the New York Stock Exchange, today released portfolio allocation updates containing the following information as of August 31, 2013:

  • Asset Allocation
  • Ten Largest Positions/Portfolio Characteristics
  • International Allocation/Net Currency Distribution
  • Industry Allocation/Country Distribution

To obtain a copy of the updates, please contact Fund Information at 1-800-342-5236.

Templeton closed-end Funds:

Templeton Emerging Markets Fund ( NYSE : EMF )
Templeton Emerging Markets Income Fund ( NYSE : TEI )
Templeton Global Income Fund ( NYSE : GIM )

The Funds' investment managers are subsidiaries of Franklin Resources, Inc. ( NYSE : BEN ), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over $817 billion in assets under management as of August 31, 2013. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

 
 
TEMPLETON EMERGING MARKETS FUND
AS OF AUGUST 31, 2013
TOTAL NET ASSETS: $342,414,724
NET ASSET VALUE PER SHARE: $18.98
OUTSTANDING SHARES: 18,039,115
 


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS  

TEN LARGEST POSITIONS
  PERCENT OF TOTAL NET ASSETS
CASH & CASH EQUIVALENTS   0.4%   BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD   12.8%
EQUITY*   99.6%   TATA CONSULTANCY SERVICES LTD   5.5%
    100.0%   DAIRY FARM INTERNATIONAL HOLDINGS LTD   4.8%
        VALE SA   3.7%
        ASTRA INTERNATIONAL TBK PT   3.4%
        KASIKORNBANK PCL   3.3%
        GUANGZHOU AUTOMOBILE GROUP CO LTD   3.1%
        GAZPROM OAO   3.1%
        PETROCHINA CO LTD   2.9%
        KIATNAKIN BANK PUBLIC CO LTD   2.9%
            45.5%


INTERNATIONAL ALLOCATION
  PERCENT OF PORTFOLIO NET ASSETS  

INDUSTRY ALLOCATION
  PERCENT OF PORTFOLIO NET ASSETS
ASIA   71.2%   CONSUMER DISCRETIONARY   21.4%
  CHINA   23.6%     AUTOMOBILES & COMPONENTS   19.5%
  HONG KONG   8.6%     CONSUMER DURABLES & APPAREL   1.9%
  INDIA   10.1%   CONSUMER STAPLES   7.5%
  INDONESIA   5.4%     FOOD & STAPLES RETAILING   6.9%
  PAKISTAN   3.0%     HOUSEHOLD & PERSONAL PRODUCTS   0.5%
  SOUTH KOREA   5.1%   ENERGY   25.7%
  THAILAND   10.9%   FINANCIALS   20.2%
  TURKEY   4.5%     BANKS   19.2%
EUROPE   11.4%     REAL ESTATE   1.0%
  AUSTRIA   1.3%   INDUSTRIALS   3.1%
  HUNGARY   1.0%     CAPITAL GOODS   2.0%
  POLAND   0.2%     TRANSPORTATION   1.1%
  RUSSIA   7.6%   INFORMATION TECHNOLOGY   8.5%
  UNITED KINGDOM   1.3%     SOFTWARE & SERVICES   6.0%
LATIN AMERICA   16.0%     TECHNOLOGY HARDWARE & EQUIPMENT   2.4%
  BRAZIL   11.9%   MATERIALS   13.7%
  MEXICO   2.1%   TOTAL EQUITY*   100.0%
  PERU   2.0%        
MID-EAST/AFRICA   1.4%        
  JORDAN   0.3%        
  SOUTH AFRICA   1.2%        
TOTAL EQUITY*   100.0%        
             

You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. Since markets can go up and down, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Fund invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The industry allocation uses MSCI's industry definitions for the convenience of comparison. The information provided is as of the date shown and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy. The Fund's portfolio is actively managed and investment allocations can be expected to change. This press release contains statistical data regarding the Fund's portfolio. The Fund's complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Fund's Annual and Semi-Annual Reports to Shareholders filed with the U.S. Securities and Exchange Commission. These documents may be found at sec.gov. For portfolio management discussions, including information regarding the Fund's investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.

* EQUITY INCLUDES CONVERTIBLE AND PREFERRED SECURITIES.

 
TEMPLETON EMERGING MARKETS INCOME FUND
AS OF AUGUST 31, 2013
TOTAL NET ASSETS: $699,443,148
NET ASSET VALUE PER SHARE: $14.58
OUTSTANDING SHARES: 47,959,695
 


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
   
CASH & CASH EQUIVALENTS   2.7%   WEIGHTED AVG. MATURITY   6.5663 yrs.
DERIVATIVES   1.0%   WEIGHTED AVG. DURATION   4.0673 yrs.
FIXED INCOME   96.3%   WEIGHTED AVG. COUPON   7.6126%
    100.0%        


NET CURRENCY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS  

COUNTRY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS
ASIA   -2.0%   ASIA   13.5%
  INDO RUPIAH   3.5%     INDIA   0.5%
  JAPANESE YEN   -9.5%     INDONESIA   3.5%
  MALAYSI RINGGIT   0.7%     MONGOLIA   0.8%
  SOUTH KOREAN WON   0.9%     SRI LANKA   4.0%
  SRI LANKA RUPEE   2.4%     TURKEY   3.6%
EUROPE   0.1%     VIETNAM   1.0%
  EURO MON UNIT   -2.5%   EUROPE   36.3%
  POLAND ZLOTY   0.7%     BOSNIA AND HERZEGOVINA   0.6%
  SERBIAN DINAR   1.7%     CROATIA   1.2%
  UKRAINE HRYVNIA   0.2%     GEORGIA   0.5%
LATIN AMERICA   13.5%     HUNGARY   5.0%
  BRAZILIAN REAL   8.7%     KAZAKHSTAN   8.3%
  MEXICAN PESO   4.8%     LATVIA   1.7%
MID-EAST/AFRICA   5.0%     LITHUANIA   0.6%
  GHANA CEDI NEW   3.7%     ROMANIA   1.1%
  NIGERIAN NAIRA   1.3%     RUSSIA   7.1%
NORTH AMERICA   83.4%     SERBIA   3.4%
  US DOLLAR   83.4%     SLOVENIA   0.5%
TOTAL   100.0%     UKRAINE   6.3%
        LATIN AMERICA   24.7%
          ARGENTINA   4.8%
          BRAZIL   8.7%
          EL SALVADOR   0.4%
          MEXICO   7.6%
          PERU   0.3%
          TRINIDAD AND TOBAGO   0.8%
          VENEZUELA   2.2%
        MID-EAST/AFRICA   19.8%
          GHANA   6.2%
          IRAQ   3.2%
          NIGERIA   1.3%
          SOUTH AFRICA   2.9%
          UNITED ARAB EMIRATES   3.8%
          ZAMBIA   2.5%
        OTHER   4.5%
          SUPRANATIONAL   0.7%
          CASH   2.7%
          DERIVATIVES   1.1%
        NORTH AMERICA   1.2%
          UNITED STATES   1.2%
        TOTAL   100.0%
             

You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. Since markets can go up and down, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Fund invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The information provided is as of the date shown and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy. The weightings do not include the impact of currency forwards within the country weightings. The Fund's portfolio is actively managed and investment allocations can be expected to change. This press release contains statistical data regarding the Fund's portfolio. The Fund's complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Fund's Annual and Semi-Annual Reports to Shareholders filed with the U.S. Securities and Exchange Commission. These documents may be found at sec.gov. For portfolio management discussions, including information regarding the Fund's investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.

 
TEMPLETON GLOBAL INCOME FUND
AS OF AUGUST 31, 2013
TOTAL NET ASSETS: $1,124,599,708
NET ASSET VALUE PER SHARE: $8.38
OUTSTANDING SHARES: 134,144,158
 


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
   
CASH & CASH EQUIVALENTS   10.1%   WEIGHTED AVG. MATURITY   3.4551 yrs.
DERIVATIVES   -0.9%   WEIGHTED AVG. DURATION   2.1435 yrs.
FIXED INCOME   90.8%   WEIGHTED AVG. COUPON   5.0028%
    100.0%        


NET CURRENCY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS  

COUNTRY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS
ASIA   28.7%   ASIA   31.6%
  INDIAN RUPEE   3.3%     INDONESIA   3.1%
  INDO RUPIAH   3.1%     MALAYSIA   4.4%
  JAPANESE YEN   -21.4%     PHILIPPINES   0.4%
  MALAYSI RINGGIT   15.7%     SINGAPORE   2.2%
  PHILIPPINE PESO   2.1%     SOUTH KOREA   17.9%
  SINGAPORE DOLLAR   4.4%     SRI LANKA   2.7%
  SOUTH KOREAN WON   18.9%     VIETNAM   0.9%
  SRI LANKA RUPEE   2.7%   AUSTRALIA/NEW ZEALAND   1.8%
AUSTRALIA/NEW ZEALAND   1.8%     AUSTRALIA   1.8%
  AUSTRALIAN DOLLAR   1.8%   EUROPE   37.1%
EUROPE   -4.2%     HUNGARY   4.3%
  EURO MON UNIT   -32.6%     ICELAND   0.3%
  HUNGARY FORINT   1.1%     IRELAND   10.1%
  NORWEGIAN KRONE   0.9%     LITHUANIA   2.5%
  POLAND ZLOTY   12.6%     POLAND   11.7%
  SWEDISH KRONA   13.8%     RUSSIA   0.5%
LATIN AMERICA   28.8%     SERBIA   0.6%
  BRAZILIAN REAL   8.0%     SLOVENIA   0.5%
  CHILEAN PESO   7.7%     SWEDEN   4.6%
  MEXICAN PESO   9.5%     UKRAINE   2.0%
  PERU NUEVO SOL   3.6%   LATIN AMERICA   17.0%
MID-EAST/AFRICA   1.9%     BRAZIL   8.0%
  ISRAELI SHEKEL   1.9%     MEXICO   4.8%
NORTH AMERICA   43.0%     PERU   3.6%
  US DOLLAR   43.0%     VENEZUELA   0.6%
TOTAL   100.0%   MID-EAST/AFRICA   1.9%
          ISRAEL   1.9%
        NORTH AMERICA   -0.2%
          UNITED STATES   -0.2%
        OTHER   10.9%
          SUPRANATIONAL   1.4%
          CASH   10.1%
          DERIVATIVES   -0.6%
        TOTAL   100.0%

You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. Since markets can go up and down, investment return and principal value will fluctuate with market conditions, currency volatility, and the economic, social and political climates of countries where the Fund invests. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. You may have a gain or loss when you sell your shares. The information provided is as of the date shown and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy. The weightings do not include the impact of currency forwards within the country weightings. The Fund's portfolio is actively managed and investment allocations can be expected to change. This press release contains statistical data regarding the Fund's portfolio. The Fund's complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Fund's Annual and Semi-Annual Reports to Shareholders filed with the U.S. Securities and Exchange Commission. These documents may be found at sec.gov. For portfolio management discussions, including information regarding the Fund's investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.