Templeton Releases Closed-End Funds' Portfolio Allocation Updates

Marketwired

FORT LAUDERDALE, FL--(Marketwired - Oct 11, 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 September 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 over $844 billion in assets under management as of September 30, 2013. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON DRAGON FUND, INC.  
AS OF SEPTEMBER 30, 2013  
TOTAL NET ASSETS: $1,070,524,889  
NET ASSET VALUE PER SHARE: $29.32  
OUTSTANDING SHARES: 36,508,252  
   


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS    

TEN LARGEST POSITIONS
  PERCENT OF TOTAL NET ASSETS  
CASH & OTHER 1.9 %   DAIRY FARM INTERNATIONAL HOLDINGS LTD   16.4 %
EQUITY* 98.1 %   CHINA PETROLEUM & CHEMICAL CORP (SINOPEC)   8.9 %
  100.0 %   CNOOC LTD   7.4 %
        PETROCHINA CO LTD   5.2 %
        TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD   4.9 %
        CHINA MOBILE LTD   4.7 %
        CHINA CONSTRUCTION BANK   3.4 %
        CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD   3.3 %
        GREAT WALL MOTOR COMPANY LTD   2.6 %
        BANK OF CHINA LTD   2.2 %
            59.0 %
             

INTERNATIONAL ALLOCATION
PERCENT OF TOTAL NET ASSETS    

INDUSTRY ALLOCATION
PERCENT OF TOTAL NET ASSETS  
ASIA 100.0 %   CONSUMER DISCRETIONARY 11.7 %
  CHINA 63.2 %     AUTOMOBILES & COMPONENTS 8.9 %
  HONG KONG 25.6 %     CONSUMER DURABLES & APPAREL 0.6 %
  TAIWAN 11.2 %     CONSUMER SERVICES 0.6 %
TOTAL EQUITY* 100.0 %     RETAILING 1.6 %
        CONSUMER STAPLES 20.7 %
          FOOD & STAPLES RETAILING 18.8 %
          FOOD BEVERAGE & TOBACCO 1.9 %
        ENERGY 25.1 %
        FINANCIALS 11.8 %
          BANKS 9.0 %
          INSURANCE 0.8 %
          REAL ESTATE 2.0 %
        HEALTH CARE 0.6 %
          PHARMACEUTICALS, BIOTECHNOLOGY &
LIFE SCIENCES

0.6
%
        INDUSTRIALS 5.7 %
          CAPITAL GOODS 4.1 %
          TRANSPORTATION 1.7 %
        INFORMATION TECHNOLOGY 10.2 %
          SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 6.2 %
          SOFTWARE & SERVICES 1.5 %
          TECHNOLOGY HARDWARE & EQUIPMENT 2.5 %
        MATERIALS 4.1 %
        TELECOMMUNICATION SERVICES 5.7 %
        UTILITIES 4.2 %
        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 SEPTEMBER 30, 2013  
TOTAL NET ASSETS: $1,154,586,144  
NET ASSET VALUE PER SHARE: $8.61  
OUTSTANDING SHARES: 134,144,158  
   


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS    

PORTFOLIO CHARACTERISTICS
   
CASH & CASH EQUIVALENTS 12.2 %   WEIGHTED AVG. MATURITY 3.4246  yrs.
DERIVATIVES -0.7 %   WEIGHTED AVG. DURATION 2.1279  yrs.
FIXED INCOME 88.5 %   WEIGHTED AVG. COUPON 5.0339 %
  100.0 %        
             


NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS    

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS  
ASIA 28.7 %   ASIA 31.4 %
  INDIAN RUPEE 3.4 %     INDONESIA 3.0 %
  INDO RUPIAH 3.0 %     MALAYSIA 4.4 %
  JAPANESE YEN -20.8 %     PHILIPPINES 0.4 %
  MALAYSI RINGGIT 15.5 %     SINGAPORE 2.2 %
  PHILIPPINE PESO 1.7 %     SOUTH KOREA 18.0 %
  SOUTH KOREAN WON 19.0 %     SRI LANKA 2.7 %
  SINGAPORE DOLLAR 4.3 %     VIETNAM 0.9 %
  SRI LANKA RUPEE 2.7 %   AUSTRALIA/NEW ZEALAND 1.9 %
AUSTRALIA/NEW ZEALAND 1.9 %     AUSTRALIA 1.9 %
  AUSTRALIAN DOLLAR 1.9 %   EUROPE 36.7 %
EUROPE -4.2 %     HUNGARY 4.4 %
  EURO -32.3 %     ICELAND 0.3 %
  HUNGARY FORINT 1.1 %     IRELAND 10.3 %
  NORWEGIAN KRONE 0.9 %     LITHUANIA 2.5 %
  POLAND ZLOTY 12.6 %     POLAND 11.7 %
  SWEDISH KRONA 13.4 %     RUSSIA 0.5 %
LATIN AMERICA 29.4 %     SERBIA 0.5 %
  BRAZILIAN REAL 8.6 %     SLOVENIA 0.5 %
  CHILEAN PESO 7.7 %     SWEDEN 4.1 %
  MEXICAN PESO 9.5 %     UKRAINE 1.9 %
  PERU NUEVO SOL 3.6 %   LATIN AMERICA 17.1 %
NORTH AMERICA 44.2 %     BRAZIL 8.6 %
  US DOLLAR 44.2 %     MEXICO 4.8 %
TOTAL 100.0 %     PERU 3.6 %
        NORTH AMERICA -0.2 %
          UNITED STATES -0.2 %
        OTHER 13.3 %
          SUPRANATIONAL 1.4 %
          CASH 12.2 %
          DERIVATIVES -0.4 %
        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 SEPTEMBER 30, 2013  
TOTAL NET ASSETS: $91,619,095  
NET ASSET VALUE PER SHARE: $16.48  
OUTSTANDING SHARES: 5,558,993  
   


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS    

TEN LARGEST POSITIONS
PERCENT OF TOTAL NET ASSETS  
CASH & OTHER 8.1 %   SBERBANK OF RUSSIA 16.1 %
EQUITY* 91.9 %   GAZPROM OAO 10.6 %
  100.0 %   GLOBALTRANS INVESTMENT PLC 8.0 %
        MHP SA 6.7 %
        VEROPHARM 6.1 %
        KCELL JSC 4.8 %
        DIXIE GROUP OJSC 4.4 %
        X5 RETAIL GROUP NV 4.2 %
        LUKOIL HOLDINGS 3.7 %
        RN HOLDING OAO 3.6 %
          68.1 %
             


INTERNATIONAL ALLOCATION
PERCENT OF TOTAL NET ASSETS    

INDUSTRY ALLOCATION
PERCENT OF TOTAL NET ASSETS  
EUROPE 99.0 %   CONSUMER DISCRETIONARY 2.4 %
  CYPRUS 8.7 %     RETAILING 2.4 %
  ESTONIA 0.9 %   CONSUMER STAPLES 19.2 %
  GEORGIA 3.9 %     FOOD & STAPLES RETAILING 11.6 %
  HUNGARY 2.9 %     FOOD BEVERAGE & TOBACCO 7.6 %
  KAZAKHSTAN 8.9 %   ENERGY 28.8 %
  PORTUGAL 2.2 %   FINANCIALS 22.6 %
  ROMANIA 1.1 %     BANKS 22.6 %
  RUSSIA 62.7 %   HEALTH CARE 9.1 %
  UKRAINE 7.6 %     PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 9.1 %
MID-EAST/AFRICA 1.0 %   INDUSTRIALS 9.3 %
  TURKMENISTAN 1.0 %     TRANSPORTATION 9.3 %
TOTAL EQUITY* 100.0 %   MATERIALS 3.3 %
        TELECOMMUNICATION SERVICES 5.2 %
        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.

Contact:
For more information, please contact:
Franklin Templeton Investments
1-800-342-5236
View Comments (0)