Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwired - Jul 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 June 30, 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 Dragon Fund, Inc. ( NYSE : TDF )
 Templeton Global Income Fund ( NYSE : GIM )
 Templeton Russia and East European Fund, Inc. ( NYSE : TRF )

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 approximately $815 billion in assets under management as of June 30, 2013. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

 
TEMPLETON DRAGON FUND, INC.
AS OF JUNE 30, 2013
TOTAL NET ASSETS: $1,061,841,220
NET ASSET VALUE PER SHARE: $28.69
OUTSTANDING SHARES: 36,991,384
 


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS  

TEN LARGEST POSITIONS
  PERCENT OF TOTAL NET ASSETS
CASH & OTHER   2.8%   DAIRY FARM INTERNATIONAL HOLDINGS LTD   20.0%
EQUITY*   97.2%   CHINA PETROLEUM & CHEMICAL CORP (SINOPEC)   8.2%
    100.0%   CNOOC LTD   6.2%
        TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD   5.4%
        PETROCHINA CO LTD   5.3%
        CHINA MOBILE LTD   4.4%
        CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD   3.7%
        CHINA CONSTRUCTION BANK   3.2%
        CHINA SHIN RUBBER IND CO LTD   2.4%
        BANK OF CHINA LTD   2.2%
            61.1%

INTERNATIONAL ALLOCATION
  PERCENT OF TOTAL NET ASSETS  

INDUSTRY ALLOCATION
  PERCENT OF TOTAL NET ASSETS
ASIA   100.0%   CONSUMER DISCRETIONARY   10.7%
  CHINA   57.8%     AUTOMOBILES & COMPONENTS   8.2%
  HONG KONG   29.7%     CONSUMER DURABLES & APPAREL   0.4%
  TAIWAN   12.5%     CONSUMER SERVICES   0.5%
TOTAL EQUITY*   100.0%     RETAILING   1.6%
        CONSUMER STAPLES   24.7%
          FOOD & STAPLES RETAILING   22.4%
          FOOD BEVERAGE & TOBACCO   2.3%
        ENERGY   23.1%
        FINANCIALS   11.5%
          BANKS   8.7%
          INSURANCE   0.8%
          REAL ESTATE   2.0%
        HEALTH CARE   0.6%
          PHARMACEUTICALS, BIOTECHNOLOGY &
LIFE SCIENCES
 
0.6%
        INDUSTRIALS   5.3%
          CAPITAL GOODS   3.9%
          TRANSPORTATION   1.3%
        INFORMATION TECHNOLOGY   11.0%
          SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT  
6.5%
          SOFTWARE & SERVICES   1.2%
          TECHNOLOGY HARDWARE & EQUIPMENT   3.2%
        MATERIALS   3.4%
        TELECOMMUNICATION SERVICES   5.3%
        UTILITIES   4.5%
        TOTAL NET ASSETS   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 GLOBAL INCOME FUND
AS OF JUNE 30, 2013
TOTAL NET ASSETS: $1,158,636,182
NET ASSET VALUE PER SHARE: $8.64
OUTSTANDING SHARES: 134,144,171
 


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
   
CASH & CASH EQUIVALENTS   7.5%   WEIGHTED AVG. MATURITY   3.5803 yrs.
DERIVATIVES   1.9%   WEIGHTED AVG. DURATION   2.3237 yrs.
FIXED INCOME   90.5%   WEIGHTED AVG. COUPON   5.1225%
    100.0%        
             


NET CURRENCY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS  

COUNTRY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS
ASIA   29.9%   ASIA   30.8%
  INDIAN RUPEE   3.6%     INDONESIA   3.6%
  INDO RUPIAH   3.6%     MALAYSIA   4.5%
  JAPANESE YEN   -19.9%     PHILIPPINES   0.4%
  MALAYSI RINGGIT   16.0%     SINGAPORE   2.1%
  PHILIPPINE PESO   2.1%     SOUTH KOREA   16.6%
  SOUTH KOREAN WON   17.6%     SRI LANKA   2.7%
  SINGAPORE DOLLAR   4.3%     VIETNAM   0.9%
  SRI LANKA RUPEE   2.7%   AUSTRALIA/NEW ZEALAND   3.7%
AUSTRALIA/NEW ZEALAND   3.7%     AUSTRALIA   3.7%
  AUSTRALIAN DOLLAR   3.7%   EUROPE   35.2%
EUROPE   -3.9%     HUNGARY   4.2%
  EURO   -31.0%     ICELAND   0.3%
  HUNGARY FORINT   1.1%     IRELAND   9.7%
  NORWEGIAN KRONE   0.8%     LITHUANIA   2.5%
  POLAND ZLOTY   11.8%     POLAND   11.0%
  SWEDISH KRONA   13.3%     RUSSIA   0.5%
LATIN AMERICA   29.0%     SERBIA   0.5%
  BRAZILIAN REAL   8.6%     SLOVENIA   0.4%
  CHILEAN PESO   7.5%     SWEDEN   4.4%
  MEXICAN PESO   9.3%     UKRAINE   1.5%
  PERU NUEVO SOL   3.7%   LATIN AMERICA   17.6%
MID-EAST/AFRICA   1.8%     BRAZIL   8.6%
  ISRAELI SHEKEL   1.8%     MEXICO   4.8%
NORTH AMERICA   39.4%     PERU   3.7%
  US DOLLAR   39.4%     VENEZUELA   0.5%
TOTAL   100.0%   MID-EAST/AFRICA   1.8%
          ISRAEL   1.8%
        NORTH AMERICA   -0.4%
          UNITED STATES   -0.4%
        OTHER   11.3%
          SUPRANATIONAL   1.4%
          CASH   7.5%
          DERIVATIVES   2.4%
        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 RUSSIA AND EAST EUROPEAN FUND, INC.
AS OF JUNE 30, 2013
TOTAL NET ASSETS: $85,694,312
NET ASSET VALUE PER SHARE: $15.24
OUTSTANDING SHARES: 5,623,714
 


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS  

TEN LARGEST POSITIONS
  PERCENT
OF TOTAL NET ASSETS
CASH & OTHER   3.0%   SBERBANK OF RUSSIA   16.2%
EQUITY*   97.0%   GLOBALTRANS INVESTMENT PLC   8.0%
    100.0%   MHP SA   7.6%
        GAZPROM OAO   6.4%
        VEROPHARM   5.1%
        KCELL JSC   5.0%
        CTC MEDIA INC   5.0%
        X5 RETAIL GROUP NV   4.9%
        MMC NORILSK NICKEL OJSC   4.0%
        LUKOIL HOLDINGS   3.6%
            65.8%


INTERNATIONAL ALLOCATION
  PERCENT OF TOTAL NET ASSETS  

INDUSTRY ALLOCATION
  PERCENT OF TOTAL NET ASSETS
EUROPE   99.0%   CONSUMER DISCRETIONARY   6.5%
  AUSTRIA   0.9%     MEDIA   5.1%
  GEORGIA   3.2%     RETAILING   1.4%
  HUNGARY   5.8%   CONSUMER STAPLES   16.8%
  ISLE OF MAN   2.4%     FOOD & STAPLES RETAILING   8.6%
  KAZAKHSTAN   6.1%     FOOD BEVERAGE & TOBACCO   8.2%
  ROMANIA   0.7%   ENERGY   21.1%
  RUSSIA   71.8%   FINANCIALS   22.1%
  UKRAINE   8.2%     BANKS   22.1%
MID-EAST/AFRICA   1.0%   HEALTH CARE   8.9%
  TURKMENISTAN   1.0%     PHARMACEUTICALS, BIOTECHNOLOGY &
LIFE SCIENCES
 
8.9%
TOTAL EQUITY*   100.0%   INDUSTRIALS   8.9%
          TRANSPORTATION   8.9%
        INFORMATION TECHNOLOGY   1.1%
          SOFTWARE & SERVICES   1.1%
        MATERIALS   7.6%
        TELECOMMUNICATION SERVICES   7.0%
        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.