SOURCE: Franklin Templeton

Franklin Templeton

June 24, 2010 12:06 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - June 24, 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 May 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 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, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $572 billion in assets under management as of May 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

  TEMPLETON EMERGING MARKETS FUND       
  AS OF MAY 31, 2010       
  TOTAL NET ASSETS: $328,154,390       
  NET ASSET VALUE PER SHARE: $17.92       
         
ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   TEN LARGEST POSITIONS PERCENT OF TOTAL NET ASSETS
CASH & OTHER 0.4%   SESA GOA LTD 6.8%
EQUITY* 99.6%   VALE SA 6.8%
  100.0%   PETROLEO BRASILEIRO SA (PETROBRAS) 6.3%
      AKBANK TAS 5.9%
      ITAU UNIBANCO HOLDING SA 3.7%
      BANCO BRADESCO SA 3.4%
      DAIRY FARM INTERNATIONAL HOLDINGS LTD 3.2%
      BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD 3.2%
      P T ASTRA INETRNATIONAL TBK 3.2%
      PETROCHINA CO LTD 3.1%
        45.6%
         
INTERNATIONAL ALLOCATION PERCENT OF PORTFOLIO NET ASSETS   INDUSTRY ALLOCATION PERCENT OF PORTFOLIO NET ASSETS
ASIA 64.6%   CONSUMER DISCRETIONARY 11.3%
  CHINA 14.7%     AUTOMOBILES & COMPONENTS 8.9%
  HONG KONG 5.9%     CONSUMER DURABLES & APPAREL 2.3%
  INDIA 14.3%   CONSUMER STAPLES 5.8%
  INDONESIA 5.8%     FOOD & STAPLES RETAILING 5.3%
  PAKISTAN 1.8%     HOUSEHOLD & PERSONAL PRODUCTS 0.5%
  SOUTH KOREA 4.9%   ENERGY 28.3%
  THAILAND 8.9%   FINANCIALS 23.3%
  TURKEY 8.5%     BANKS 19.7%
EUROPE 12.5%     DIVERSIFIED FINANCIALS 2.0%
  AUSTRIA 0.9%     REAL ESTATE 1.6%
  HUNGARY 1.1%   INDUSTRIALS 2.2%
  POLAND 0.3%     CAPITAL GOODS 1.3%
  RUSSIA 7.9%     TRANSPORTATION 0.9%
  UNITED KINGDOM 2.3%   INFORMATION TECHNOLOGY 4.3%
LATIN AMERICA 22.7%     SOFTWARE & SERVICES 3.1%
  BRAZIL 20.6%     TECHNOLOGY HARDWARE & EQUIPMENT 1.2%
  MEXICO 2.1%   MATERIALS 23.7%
MID-EAST/AFRICA 0.1%   TELECOMMUNICATION SERVICES 1.2%
  SOUTH AFRICA 0.1%   TOTAL EQUITY* 100.0%
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.

  TEMPLETON EMERGING MARKETS INCOME FUND       
  AS OF MAY 31, 2010       
  TOTAL NET ASSETS: $725,285,491       
  NET ASSET VALUE PER SHARE: $15.32       
         
ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   PORTFOLIO CHARACTERISTICS  
CASH & OTHER 1.8%   WEIGHTED AVG. MATURITY 9.259 yrs.
FIXED INCOME 98.2%   WEIGHTED AVG. DURATION 5.4997 yrs.
  100.0%   WEIGHTED AVG. COUPON 5.4816%
         
NET CURRENCY DISTRIBUTION PERCENT OF TOTAL NET ASSETS   COUNTRY DISTRIBUTION PERCENT OF TOTAL NET ASSETS
ASIA 5.7%   ASIA 19.5%
  INDO RUPIAH 12.0%     FIJI 1.7%
  JAPANESE YEN -9.9%     INDIA 0.5%
  MALAYSI RINGGIT 0.7%     INDONESIA 12.0%
  SOUTH KOREAN WON 0.8%     PAKISTAN 2.0%
  SRI LANKA RUPEE 2.1%     PHILIPPINES 0.7%
EUROPE -0.1%     SRI LANKA 2.6%
  EURO MON UNIT -0.8%   EUROPE 24.1%
  POLAND ZLOTY 0.7%     BOSNIA AND HERZEGOVINA 0.8%
LATIN AMERICA 15.1%     CROATIA 1.1%
  BRAZILIAN REAL 12.7%     CYPRUS 0.2%
  MEXICAN PESO 2.3%     GEORGIA 1.0%
MID-EAST/AFRICA 1.7%     HUNGARY 0.4%
  GHANA CEDI NEW 1.7%     KAZAKHSTAN 6.3%
NORTH AMERICA 77.6%     LITHUANIA 1.6%
  US DOLLAR 77.6%     NETHERLANDS 1.8%
TOTAL 100.0%     POLAND 0.7%
        RUSSIA 5.2%
        UKRAINE 4.9%
      LATIN AMERICA 36.8%
        ARGENTINA 8.5%
        BRAZIL 13.4%
        COLOMBIA 1.4%
        EL SALVADOR 0.4%
        MEXICO 2.8%
        PANAMA 0.5%
        PERU 2.8%
        TRINIDAD AND TOBAGO 0.7%
        VENEZUELA 6.5%
      MID-EAST/AFRICA 10.3%
        GHANA 1.5%
        IRAQ 5.1%
        SOUTH AFRICA 2.7%
        UNITED ARAB EMIRATES 0.9%
      OTHER 7.4%
        SUPRANATIONAL 5.5%
        CASH 1.6%
        DERIVATIVES 0.3%
      NORTH AMERICA 1.9%
        UNITED STATES 1.9%
      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 GLOBAL INCOME FUND   
  AS OF MAY 31, 2010   
  TOTAL NET ASSETS: $1,254,794,554   
  NET ASSET VALUE PER SHARE: $9.54   
         
ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
 
CASH & OTHER 8.1%   WEIGHTED AVG. MATURITY 7.9219 yrs.
FIXED INCOME 91.9%   WEIGHTED AVG. DURATION 5.4598 yrs.
  100.0%   WEIGHTED AVG. COUPON 6.8486%
         
NET CURRENCY DISTRIBUTION PERCENT OF TOTAL NET ASSETS    COUNTRY DISTRIBUTION PERCENT OF TOTAL NET ASSETS
ASIA 36.6%   ASIA 29.5%
  CHINESE YUAN 4.8%     INDIA 0.7%
  INDIAN RUPEE 7.0%     INDONESIA 10.8%
  INDO RUPIAH 8.8%     SOUTH KOREA 15.1%
  JAPANESE YEN -21.1%     SRI LANKA 2.2%
  MALAYSI RINGGIT 15.0%     VIETNAM 0.8%
  PHILIPPINE PESO 5.0%   AUSTRALIA/NEW ZEALAND 7.1%
  SOUTH KOREAN WON 14.9%     AUSTRALIA 7.1%
  SRI LANKA RUPEE 2.2%   EUROPE 22.1%
AUSTRALIA/NEW ZEALAND 6.7%     HUNGARY 2.4%
  AUSTRALIAN DOLLAR 10.2%     LITHUANIA 2.0%
  NEW ZEALAND DOLLAR -3.4%     NORWAY 1.2%
EUROPE -3.1%     POLAND 7.8%
  EURO MON UNIT -26.9%     RUSSIA 4.6%
  NORWEGIAN KRONE 6.0%     SWEDEN 4.0%
  POLAND ZLOTY 7.1%   LATIN AMERICA 21.5%
  SWEDISH KRONA 10.7%     ARGENTINA 2.6%
LATIN AMERICA 24.8%     BRAZIL 7.5%
  BRAZILIAN REAL 9.2%     MEXICO 5.6%
  CHILEAN PESO 6.9%     PERU 3.3%
  MEXICAN PESO 5.4%     VENEZUELA 2.6%
  PERU NUEVO SOL 3.3%   MID-EAST/AFRICA 6.4%
MID-EAST/AFRICA 5.9%     EGYPT 1.0%
  EGYPTIAN POUND 1.0%     ISRAEL 1.0%
  ISRAELI SHEKEL 5.0%     QATAR 0.9%
NORTH AMERICA 29.1%     SOUTH AFRICA 2.5%
  US DOLLAR 29.1%     UNITED ARAB EMIRATES 0.9%
TOTAL 100.0%    NORTH AMERICA 3.8%
        CANADA 0.4%
        UNITED STATES 3.3%
       OTHER 9.6%
        SUPRANATIONAL 3.5%
        CASH 2.2%
        DERIVATIVES 3.9%
      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.

Contact Information

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