SOURCE: Franklin Templeton

Franklin Templeton

April 20, 2010 10:16 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - April 20, 2010) -  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 March 31, 2010:

  • 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, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $586 billion in assets under management as of March 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON DRAGON FUND, INC.
AS OF MARCH 31, 2010
TOTAL NET ASSETS: $1,097,573,631
NET ASSET VALUE PER SHARE: $28.98
 
ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   TEN LARGEST POSITIONS PERCENT OF TOTAL NET ASSETS
CASH & OTHER 1.0%   DAIRY FARM INTERNATIONAL HOLDINGS LTD 17.1%
EQUITY* 99.0%   CHINA PETROLEUM & CHEMICAL CORP (SINOPEC) 7.3%
  100.0%   CNOOC LTD 5.8%
      PETROCHINA CO LTD 5.6%
      CHINA MOBILE LTD 5.0%
      YANZHOU COAL MINING CO LTD 3.3%
      CHINA CONSTRUCTION BANK 3.3%
      CHINA SHENHUA ENERGY CO LTD 2.9%
      TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 2.9%
      SHANGHAI INDUSTRIAL HOLDINGS LTD 2.7%
        55.9%
         
INTERNATIONAL ALLOCATION PERCENT OF TOTAL NET ASSETS   INDUSTRY ALLOCATION PERCENT OF TOTAL NET ASSETS
ASIA 99.9%   CONSUMER DISCRETIONARY 8.2%
  CAMBODIA 0.2%     AUTOMOBILES & COMPONENTS 6.0%
  CHINA 61.9%     CONSUMER DURABLES & APPAREL 0.6%
  HONG KONG 27.6%     CONSUMER SERVICES 0.2%
  TAIWAN 10.1%     RETAILING 1.4%
NORTH AMERICA 0.1%   CONSUMER STAPLES 22.8%
  UNITED STATES 0.1%     FOOD & STAPLES RETAILING 19.5%
TOTAL EQUITY* 100.0%     FOOD BEVERAGE & TOBACCO 3.3%
      ENERGY 25.8%
      FINANCIALS 15.3%
        BANKS 9.1%
        INSURANCE 2.3%
        REAL ESTATE 3.9%
      HEALTH CARE 0.1%
        PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 0.1%
      INDUSTRIALS 5.8%
        CAPITAL GOODS 4.0%
        COMMERCIAL & PROFESSIONAL SERVICES 0.1%
        TRANSPORTATION 1.7%
      INFORMATION TECHNOLOGY 10.4%
        SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 3.8%
        SOFTWARE & SERVICES 1.7%
        TECHNOLOGY HARDWARE & EQUIPMENT 5.0%
      MATERIALS 1.1%
      TELECOMMUNICATION SERVICES 5.9%
      UTILITIES 4.6%
      TOTAL NET ASSETS 100.0%

You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800-DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, 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.

* Equity includes convertible and preferred securities.

TEMPLETON GLOBAL INCOME FUND
AS OF MARCH 31, 2010
TOTAL NET ASSETS: $1,294,532,485
NET ASSET VALUE PER SHARE: $9.85

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   PORTFOLIO CHARACTERISTICS  
CASH & OTHER 5.7%   WEIGHTED AVG. CREDIT QUALITY A-
FIXED INCOME 94.3%   WEIGHTED AVG. MATURITY 8.1333 yrs.
  100.0%   WEIGHTED AVG. DURATION 5.6371 yrs.
      WEIGHTED AVG. COUPON 6.8263%
         
NET CURRENCY DISTRIBUTION PERCENT OF TOTAL NET ASSETS   COUNTRY DISTRIBUTION PERCENT OF TOTAL NET ASSETS
ASIA 37.6%   ASIA 28.8%
    CHINESE YUAN 4.7%     INDONESIA 10.7%
    INDIAN RUPEE 6.4%     SOUTH KOREA 15.3%
    INDO RUPIAH 8.8%     SRI LANKA 2.0%
    JAPANESE YEN -19.0%     VIETNAM 0.7%
    MALAYSI RINGGIT 14.6%   AUSTRALIA/NEW ZEALAND 7.7%
    PHILIPPINE PESO 4.9%     AUSTRALIA 7.7%
    SOUTH KOREAN WON 15.2%   EUROPE 23.2%
    SRI LANKA RUPEE 2.0%     HUNGARY 2.3%
AUSTRALIA/NEW ZEALAND 0.0%     LITHUANIA 2.0%
    AUSTRALIAN DOLLAR 10.5%     NORWAY 1.4%
    NEW ZEALAND DOLLAR -10.5%     POLAND 8.8%
EUROPE 0.1%     RUSSIA 4.5%
    EURO -25.8%     SWEDEN 4.2%
    NORWEGIAN KRONE 6.4%   LATIN AMERICA 21.2%
    POLAND ZLOTY 8.2%     ARGENTINA 2.6%
    SWEDISH KRONA 11.2%     BRAZIL 7.5%
LATIN AMERICA 24.5%     MEXICO 5.3%
    BRAZILIAN REAL 9.2%     PERU 3.3%
    CHILEAN PESO 7.1%     VENEZUELA 2.5%
    MEXICAN PESO 5.0%   MID-EAST/AFRICA 6.4%
    PERU NUEVO SOL 3.3%     EGYPT 1.0%
MID-EAST/AFRICA 5.9%     ISRAEL 1.0%
  EGYPTIAN POUND 1.0%     QATAR 0.9%
  ISRAELI SHEKEL 5.0%     SOUTH AFRICA 2.6%
NORTH AMERICA 31.9%     UNITED ARAB EMIRATES 0.9%
    US DOLLAR 31.9%   NORTH AMERICA 4.8%
TOTAL 100.0%     CANADA 1.3%
        UNITED STATES 3.5%
      OTHER 8.0%
        SUPRANATIONAL 4.3%
        CASH 0.5%
        DERIVATIVES 3.2%
      TOTAL 100.0%
           

You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800/DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, 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.

TEMPLETON RUSSIA AND EAST EUROPEAN FUND, INC.
AS OF MARCH 31, 2010
TOTAL NET ASSETS: $118,701,007
NET ASSET VALUE PER SHARE: $20.66

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   TEN LARGEST POSITIONS PERCENT OF TOTAL NET ASSETS
CASH & OTHER 5.5%   CHEREPOVETS MK SEVERSTAL 9.8%
EQUITY* 94.5%   MECHEL OAO 9.2%
  100.0%   SBERBANK RF 8.5%
      MOBILE TELESYSTEMS OJSC 8.1%
      GLOBALTRANS INVESTMENT PLC 5.5%
      KERNEL HOLDING SA 5.5%
      VEROPHARM 5.3%
      VIMPEL COMMUNICATIONS 4.8%
      GAZPROM OAO 4.2%
      OAO TMK 3.6%
        64.5%
         
INTERNATIONAL ALLOCATION PERCENT OF TOTAL NET ASSETS   INDUSTRY ALLOCATION PERCENT OF TOTAL NET ASSETS
EUROPE 96.3%   CONSUMER DISCRETIONARY 3.7%
  HUNGARY 3.3%       MEDIA 3.7%
  KAZAKHSTAN 0.2%   CONSUMER STAPLES 13.9%
  LUXEMBOURG 5.8%       FOOD BEVERAGE & TOBACCO 13.9%
  RUSSIA 82.5%   ENERGY 15.8%
  UKRAINE 4.5%   FINANCIALS 9.0%
NORTH AMERICA 3.7%       BANKS 9.0%
  UNITED STATES 3.7%   HEALTHCARE 8.9%
TOTAL EQUITY* 100.0%       PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 8.9%
      INDUSTRIALS 5.8%
          TRANSPORTATION 5.8%
      INFORMATION TECHNOLOGY 0.7%
          SOFTWARE & SERVICES 0.7%
      MATERIALS 21.8%
      TELECOMMUNICATION SERVICES 18.4%
      UTILITIES 1.9%
      TOTAL EQUITY* 100.0%

You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800-DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, 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.

* Equity includes convertible and preferred securities.

Contact Information

  • For more information, please contact Franklin Templeton Investments at 1-800-342-5236.