SOURCE: Franklin Templeton

Franklin Templeton

March 18, 2010 11:07 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - March 18, 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 February 28, 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 $556 billion in assets under management as of February 28, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON EMERGING MARKETS FUND
AS OF FEBRUARY 28, 2010
TOTAL NET ASSETS: $336,361,825
NET ASSET VALUE PER SHARE: $18.60

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   TEN LARGEST POSITIONS PERCENT OF TOTAL NET ASSETS
CASH & OTHER -0.1%   PETROLEO BRASILEIRO SA (PETROBRAS) 7.7%
EQUITY* 100.1%   VALE SA 7.1%
  100.0%   SESA GOA LTD 7.0%
      AKBANK TAS 4.4%
      ITAU UNIBANCO HOLDING SA 4.0%
      DENWAY MOTORS LTD 3.7%
      BANCO BRADESCO SA 3.5%
      PETROCHINA CO LTD 3.1%
      DAIRY FARM INTERNATIONAL HOLDINGS LTD 3.1%
      TATA CONSULTANCY SERVICES LTD 3.0%
        46.6%
         
INTERNATIONAL ALLOCATION PERCENT OF PORTFOLIO NET ASSETS   INDUSTRY ALLOCATION PERCENT OF PORTFOLIO NET ASSETS
ASIA 63.0%   CONSUMER DISCRETIONARY 11.9%
  CHINA 15.4%     AUTOMOBILES & COMPONENTS 8.8%
  HONG KONG 6.4%     CONSUMER DURABLES & APPAREL 3.1%
  INDIA 14.1%   CONSUMER STAPLES 5.9%
  INDONESIA 4.9%     FOOD & STAPLES RETAILING 5.3%
  PAKISTAN 1.7%     HOUSEHOLD & PERSONAL PRODUCTS 0.6%
  SOUTH KOREA 5.3%   ENERGY 29.2%
  THAILAND 8.4%   FINANCIALS 21.2%
  TURKEY 6.7%     BANKS 17.8%
EUROPE 12.4%     DIVERSIFIED FINANCIALS 1.8%
  AUSTRIA 1.0%     REAL ESTATE 1.6%
  HUNGARY 1.2%   INDUSTRIALS 2.8%
  POLAND 0.3%     CAPITAL GOODS 1.7%
  RUSSIA 7.9%     TRANSPORTATION 1.0%
  UNITED KINGDOM 2.0%   INFORMATION TECHNOLOGY 4.2%
LATIN AMERICA 24.5%     SOFTWARE & SERVICES 3.0%
  BRAZIL 22.2%     TECHNOLOGY HARDWARE & EQUIPMENT 1.2%
  MEXICO 2.2%   MATERIALS 23.6%
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 FEBRUARY 28, 2010
TOTAL NET ASSETS: $712,006,256
NET ASSET VALUE PER SHARE: $15.04

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   PORTFOLIO CHARACTERISTICS  
CASH & OTHER 2.5%   WEIGHTED AVG. CREDIT QUALITY BB+
FIXED INCOME 97.5%   WEIGHTED AVG. MATURITY 9.3314 yrs.
  100.0%   WEIGHTED AVG. DURATION 5.5724 yrs.
      WEIGHTED AVG. COUPON 5.4525%
         
         
  NET CURRENCY DISTRIBUTION PERCENT OF TOTAL NET ASSETS     COUNTRY DISTRIBUTION PERCENT OF TOTAL NET ASSETS
  ASIA 5.2%     ASIA 19.3%
    INDO RUPIAH 12.0%       FIJI 1.8%
    JAPANESE YEN -10.3%       INDIA 0.5%
    MALAYSI RINGGIT 0.7%       INDONESIA 12.0%
    SOUTH KOREAN WON 0.9%       PAKISTAN 1.8%
    SRI LANKA RUPEE 2.0%       PHILIPPINES 0.7%
  EUROPE 0.3%       SRI LANKA 2.5%
    EURO MON UNIT -0.5%     EUROPE 24.6%
    POLAND ZLOTY 0.8%       BOSNIA AND HERZEGOVINA 0.9%
  LATIN AMERICA 15.0%       CROATIA 1.2%
    BRAZILIAN REAL 12.9%       GEORGIA 1.0%
    MEXICAN PESO 1.8%       HUNGARY 0.5%
    PERU NUEVO SOL 0.3%       KAZAKHSTAN 6.6%
  MID-EAST/AFRICA 0.9%       LITHUANIA 1.7%
    GHANA CEDI NEW 0.9%       NETHERLANDS 1.8%
  NORTH AMERICA 78.7%       POLAND 0.8%
    US DOLLAR 78.7%       RUSSIA 5.6%
  TOTAL 100.0%       UKRAINE 4.5%
        LATIN AMERICA 37.1%
          ARGENTINA 8.2%
          BRAZIL 13.5%
          COLOMBIA 1.4%
          EL SALVADOR 0.4%
          MEXICO 2.8%
          PANAMA 0.5%
          PERU 2.8%
          TRINIDAD AND TOBAGO 0.8%
          VENEZUELA 6.8%
        MID-EAST/AFRICA 9.4%
          GHANA 0.8%
          IRAQ 4.8%
          SOUTH AFRICA 2.9%
          UNITED ARAB EMIRATES 0.9%
        OTHER 7.7%
          SUPRANATIONAL 5.2%
          CASH 2.8%
          DERIVATIVES -0.3%
        NORTH AMERICA 2.0%
          UNITED STATES 2.0%
        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 FEBRUARY 28, 2010
TOTAL NET ASSETS: $1,239,814,979
NET ASSET VALUE PER SHARE: $9.44

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   PORTFOLIO CHARACTERISTICS  
CASH & OTHER 3.3%   WEIGHTED AVG. CREDIT QUALITY A-
FIXED INCOME 96.7%   WEIGHTED AVG. MATURITY 8.2215 yrs.
  100.0%   WEIGHTED AVG. DURATION 5.7881 yrs.
      WEIGHTED AVG. COUPON 6.9452%
             
  NET CURRENCY DISTRIBUTION PERCENT OF TOTAL NET ASSETS     COUNTRY DISTRIBUTION PERCENT OF TOTAL NET ASSETS
  ASIA 36.7%     ASIA 28.9%
    CHINESE YUAN 4.9%       INDONESIA 10.6%
    INDIAN RUPEE 6.4%       SOUTH KOREA 15.5%
    INDO RUPIAH 8.6%       SRI LANKA 2.1%
    JAPANESE YEN -20.2%       VIETNAM 0.8%
    MALAYSI RINGGIT 14.6%     AUSTRALIA/NEW ZEALAND 8.1%
    PHILIPPINE PESO 5.0%       AUSTRALIA 7.9%
    SOUTH KOREAN WON 15.4%       NEW ZEALAND 0.2%
    SRI LANKA RUPEE 2.1%     EUROPE 24.3%
  AUSTRALIA/NEW ZEALAND 0.0%       HUNGARY 2.4%
    AUSTRALIAN DOLLAR 10.5%       LITHUANIA 2.0%
    NEW ZEALAND DOLLAR -10.5%       NORWAY 1.4%
  EUROPE 1.1%       POLAND 8.9%
    EURO MON UNIT -26.1%       RUSSIA 4.9%
    NORWEGIAN KRONE 6.7%       SWEDEN 4.6%
    POLAND ZLOTY 8.3%     LATIN AMERICA 21.4%
    SWEDISH KRONA 12.1%       ARGENTINA 2.6%
  LATIN AMERICA 24.8%       BRAZIL 7.5%
    BRAZILIAN REAL 9.2%       MEXICO 5.3%
    CHILEAN PESO 7.3%       PERU 3.4%
    MEXICAN PESO 4.9%       VENEZUELA 2.6%
    PERU NUEVO SOL 3.4%     MID-EAST/AFRICA 6.5%
  MID-EAST/AFRICA 5.2%       EGYPT 0.8%
    EGYPTIAN POUND 0.8%       ISRAEL 1.0%
    ISRAELI SHEKEL 4.4%       QATAR 1.0%
  NORTH AMERICA 32.2%       SOUTH AFRICA 2.7%
    US DOLLAR 32.2%       UNITED ARAB EMIRATES 1.0%
  TOTAL 100.0%     NORTH AMERICA 5.1%
          CANADA 1.4%
          UNITED STATES 3.7%
        OTHER 5.8%
          SUPRANATIONAL 4.4%
          CASH 0.5%
          DERIVATIVES 0.9%
        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 at 1-800-342-5236