SOURCE: Franklin Templeton

Franklin Templeton

January 21, 2010 13:37 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - January 21, 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 December 31, 2009:

  • 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 $553 billion in assets under management as of December 31, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON DRAGON FUND, INC.
AS OF DECEMBER 31, 2009
TOTAL NET ASSETS: $1,092,712,604
NET ASSET VALUE PER SHARE: $28.85

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS     TEN LARGEST POSITIONS PERCENT OF TOTAL NET ASSETS
CASH & OTHER 0.6 %     DAIRY FARM INTERNATIONAL HOLDINGS LTD 15.9 %
EQUITY* 99.4 %     CHINA PETROLEUM & CHEMICAL CORP (SINOPEC) 8.0 %
  100.0 %     PETROCHINA CO LTD 5.8 %
          CNOOC LTD 5.6 %
          CHINA MOBILE LTD 4.9 %
          CHINA CONSTRUCTION BANK 3.5 %
          CHINA SHENHUA ENERGY CO LTD 3.3 %
          YANZHOU COAL MINING CO LTD 3.1 %
          SHANGHAI INDUSTRIAL HOLDINGS LTD 3.1 %
          TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 3.0 %
            56.1 %
INTERNATIONAL ALLOCATION PERCENT OF TOTAL NET ASSETS     INDUSTRY ALLOCATION PERCENT OF TOTAL NET ASSETS
ASIA 99.9 %     CONSUMER DISCRETIONARY 9.6 %
  CAMBODIA 0.2 %       AUTOMOBILES & COMPONENTS 5.9 %
  CHINA 62.8 %       CONSUMER DURABLES & APPAREL 0.5 %
  HONG KONG 26.1 %       CONSUMER SERVICES 0.2 %
  SINGAPORE 0.1 %       MEDIA 0.1 %
  TAIWAN 10.8 %       RETAILING 2.9 %
NORTH AMERICA 0.1 %     CONSUMER STAPLES 19.7 %
  UNITED STATES 0.1 %       FOOD & STAPLES RETAILING 16.2 %
TOTAL EQUITY* 100.0 %       FOOD BEVERAGE & TOBACCO 3.5 %
          ENERGY 26.6 %
          FINANCIALS 15.7 %
            BANKS 9.4 %
            INSURANCE 2.3 %
            REAL ESTATE 4.0 %
          HEALTH CARE 0.1 %
            PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 0.1 %
          INDUSTRIALS 5.8 %
            CAPITAL GOODS 4.3 %
            TRANSPORTATION 1.5 %
          INFORMATION TECHNOLOGY 10.8 %
            SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 3.9 %
            SOFTWARE & SERVICES 1.7 %
            TECHNOLOGY HARDWARE & EQUIPMENT 5.1 %
          MATERIALS 1.0 %
          TELECOMMUNICATION SERVICES 5.9 %
          UTILITIES 4.7 %
          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 DECEMBER 31, 2009
TOTAL NET ASSETS: $1,216,738,236
NET ASSET VALUE PER SHARE: $9.27

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS     PORTFOLIO CHARACTERISTICS  
CASH & OTHER 2.1 %     WEIGHTED AVG. CREDIT QUALITY A-  
FIXED INCOME 97.9 %     WEIGHTED AVG. MATURITY 8.1743 yrs.  
  100.0 %     WEIGHTED AVG. DURATION 5.5944 yrs.  
          WEIGHTED AVG. COUPON 7.1403%  
NET CURRENCY DISTRIBUTION PERCENT OF TOTAL NET ASSETS     COUNTRY DISTRIBUTION PERCENT OF TOTAL NET ASSETS
ASIA 42.1 %     ASIA 28.1 %
  CHINESE YUAN 5.0 %       INDONESIA 10.4 %
  INDIAN RUPEE 6.5 %       PHILIPPINES 0.1 %
  INDO RUPIAH 8.4 %       SOUTH KOREA 15.4 %
  JAPANESE YEN -14.1 %       SRI LANKA 2.1 %
  MALAYSI RINGGIT 14.8 %     AUSTRALIA/NEW ZEALAND 9.9 %
  PHILIPPINE PESO 5.1 %       AUSTRALIA 8.6 %
  SOUTH KOREA WON 14.3 %       NEW ZEALAND 1.2 %
  SRI LANKA RUPEE 2.1 %     EUROPE 23.9 %
AUSTRALIA/NEW ZEALAND -2.2 %       HUNGARY 2.5 %
  AUSTRALIAN DOLLAR 9.7 %       LITHUANIA 1.3 %
  NEW ZEALAND DOLLAR -11.9 %       NORWAY 1.5 %
EUROPE 8.3 %       POLAND 9.0 %
  EURO -19.3 %       RUSSIA 4.9 %
  NORWEGIAN KRONE 7.0 %       SWEDEN 4.7 %
  POLAND ZLOTY 8.4 %     LATIN AMERICA 21.7 %
  SWEDISH KRONA 12.3 %       ARGENTINA 2.8 %
LATIN AMERICA 21.3 %       BRAZIL 7.8 %
  BRAZILIAN REAL 9.1 %       CHILE 0.1 %
  CHILEAN PESO 5.1 %       MEXICO 4.8 %
  MEXICAN PESO 3.5 %       PERU 3.5 %
  PERU NUEVO SOL 3.5 %       VENEZUELA 2.6 %
MID-EAST/AFRICA 2.4 %     MID-EAST/AFRICA 4.6 %
  ISRAELI SHEKEL 2.4 %       QATAR 1.0 %
NORTH AMERICA 28.2 %       SOUTH AFRICA 2.7 %
  US DOLLAR 28.2 %       UNITED ARAB EMIRATES 0.9 %
TOTAL 100.0 %     NORTH AMERICA 5.4 %
            CANADA 1.4 %
            UNITED STATES 4.0 %
          OTHER 6.5 %
            SUPRANATIONAL 4.4 %
            CASH 2.7 %
            DERIVATIVES -0.7 %
          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 DECEMBER 31, 2009
TOTAL NET ASSETS: $98,550,447
NET ASSET VALUE PER SHARE: $17.15

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS     TEN LARGEST POSITIONS PERCENT OF TOTAL NET ASSETS
CASH & OTHER 3.7 %     SBERBANK RF 9.9 %
EQUITY* 96.3 %     MOBILE TELESYSTEMS OJSC 8.3 %
  100.0 %     MECHEL OAO 7.3 %
          CHEREPOVETS MK SEVERSTAL 7.3 %
          VIMPEL COMMUNICATIONS 5.8 %
          GAZPROM OAO 5.4 %
          GLOBALTRANS INVESTMENT PLC 5.0 %
          KERNEL HOLDING SA 4.9 %
          OAO TMK 4.9 %
          VEROPHARM 4.8 %
            63.5 %
INTERNATIONAL ALLOCATION PERCENT OF TOTAL NET ASSETS     INDUSTRY ALLOCATION PERCENT OF TOTAL NET ASSETS
EUROPE 96.2 %     CONSUMER DISCRETIONARY 3.8 %
  HUNGARY 3.6 %       MEDIA 3.8 %
  KAZAKHSTAN 0.2 %     CONSUMER STAPLES 13.6 %
  LUXEMBOURG 5.1 %       FOOD BEVERAGE & TOBACCO 13.6 %
  RUSSIA 83.0 %     ENERGY 17.4 %
  UKRAINE 4.2 %     FINANCIALS 10.2 %
NORTH AMERICA 3.8 %       BANKS 10.2 %
  UNITED STATES 3.8 %     HEALTH CARE 8.6 %
TOTAL EQUITY* 100.0 %       PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 8.6 %
          INDUSTRIALS 5.2 %
            TRANSPORTATION 5.2 %
          INFORMATION TECHNOLOGY 0.6 %
            SOFTWARE & SERVICES 0.6 %
          MATERIALS 18.3 %
          TELECOMMUNICATION SERVICES 20.7 %
          UTILITIES 1.6 %
          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
    1-800-342-5236