SOURCE: Franklin Templeton

Franklin Templeton

September 16, 2009 10:29 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - September 16, 2009) -  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 August 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 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 $495 billion in assets under management as of August 31, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON EMERGING MARKETS FUND
AS OF AUGUST 31, 2009
TOTAL NET ASSETS: $283,347,047
NET ASSET VALUE PER SHARE: $15.68

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   TEN LARGEST POSITIONS PERCENT OF TOTAL NET ASSETS
CASH & OTHER 1.2%   PETROLEO BRASILEIRO SA (PETROBRAS) 7.9%
EQUITY* 98.8%   AKBANK TAS 6.0%
  100.0%   VALE SA 5.9%
      PETROCHINA CO LTD 4.6%
      SESA GOA LTD 4.2%
      ITAU UNIBANCO HOLDING SA 3.9%
      ALUMINUM CORP OF CHINA LTD 3.7%
      BANCO BRADESCO SA 3.6%
      DENWAY MOTORS LTD 3.5%
      DAIRY FARM INTERNATIONAL HOLDINGS LTD 3.3%
        46.4%
         
INTERNATIONAL ALLOCATION PERCENT OF PORTFOLIO NET ASSETS   INDUSTRY ALLOCATION PERCENT OF PORTFOLIO NET ASSETS
ASIA 63.4%   CONSUMER DISCRETIONARY 9.7%
  CHINA 16.6%     AUTOMOBILES & COMPONENTS 7.2%
  HONG KONG 6.0%     CONSUMER DURABLES & APPAREL 2.5%
  INDIA 11.1%   CONSUMER STAPLES 6.1%
  INDONESIA 4.6%     FOOD & STAPLES RETAILING 5.3%
  PAKISTAN 1.3%     HOUSEHOLD & PERSONAL PRODUCTS0.8%
  SOUTH KOREA 6.7%   ENERGY 33.1%
  THAILAND 8.8%   FINANCIALS 22.3%
  TURKEY 8.3%     BANKS 19.0%
EUROPE 13.0%     DIVERSIFIED FINANCIALS 1.5%
  AUSTRIA 1.3%     REAL ESTATE 1.9%
  HUNGARY 1.3%   INDUSTRIALS 3.6%
  POLAND 0.6%     CAPITAL GOODS 2.7%
  RUSSIA 7.7%     TRANSPORTATION 0.9%
  UNITED KINGDOM 2.2%   INFORMATION TECHNOLOGY 3.5%
LATIN AMERICA 23.4%     SOFTWARE & SERVICES 2.4%
  BRAZIL 21.5%     TECHNOLOGY HARDWARE & EQUIPMENT 1.1%
  MEXICO 1.9%   MATERIALS 20.5%
MID-EAST/AFRICA 0.2%   TELECOMMUNICATION SERVICES 1.2%
  SOUTH AFRICA 0.2%   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 AUGUST 31, 2009
TOTAL NET ASSETS: $653,976,751
NET ASSET VALUE PER SHARE: $13.81

ASSET ALLOCATION   PERCENT OF TOTAL NET ASSETS   PORTFOLIO CHARACTERISTICS    
CASH & OTHER   2.9%   WEIGHTED AVG. CREDIT QUALITY  BBB-
FIXED INCOME   97.1%   WEIGHTED AVG. MATURITY   10.30 yrs.
    100.0%   WEIGHTED AVG. DURATION   5.777 yrs.
        WEIGHTED AVG. COUPON   6.304%
             
NET CURRENCY DISTRIBUTION   PERCENT OF TOTAL NET ASSETS   COUNTRY DISTRIBUTION   PERCENT OF TOTAL NET ASSETS
ASIA   15.0%   ASIA   20.3%
  INDO RUPIAH   11.4%     FIJI   1.8%
  MALAYSI RINGGIT   0.7%     INDIA   1.6%
  SOUTH KOREAN WON   0.9%     INDONESIA   12.0%
  SRI LANKA RUPEE   2.0%     PHILIPPINES   2.1%
EUROPE   0.1%     SOUTH KOREA   0.9%
  EURO MON UNIT   -0.8%     SRI LANKA   2.0%
  POLAND ZLOTY   0.9%   EUROPE   23.7%
LATIN AMERICA   15.7%     BOSNIA AND HERZEGOVINA   0.9%
  BRAZILIAN REAL   13.6%     GEORGIA   1.0%
  CHILEAN PESO   0.5%     HUNGARY   0.5%
  MEXICAN PESO   1.3%     KAZAKHSTAN   5.9%
  PERU NUEVO SOL   0.3%    NETHERLANDS   1.8%
MID-EAST/AFRICA   1.0%     POLAND   0.9%
  EGYPTIAN POUND   0.1%     RUSSIA   8.1%
  GHANA CEDI NEW   0.9%     UKRAINE   4.6%
NORTH AMERICA   68.2%   LATIN AMERICA   34.4%
  US DOLLAR   68.2%     ARGENTINA   7.9%
TOTAL   100.0%     BRAZIL   14.3%
          COLOMBIA   1.4%
          EL SALVADOR   0.4%
          MEXICO   3.3%
          PANAMA   1.1%
          PERU   4.5%
          TRINIDAD AND TOBAGO   0.8%
          VENEZUELA   0.7%
        MID-EAST/AFRICA   9.0%
          EGYPT   0.1%
          GHANA   0.8%
          IRAQ   5.1%
          SOUTH AFRICA   2.1%
         UNITED ARAB EMIRATES   1.0%
        OTHER   8.8%
          SUPRANATIONAL   5.2%
          CASH   3.0%
          DERIVATIVES   0.6%
        NORTH AMERICA   3.8%
          UNITED STATES   3.8%
        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 AUGUST 31, 2009
TOTAL NET ASSETS: $1,159,936,250
NET ASSET VALUE PER SHARE: $8.84

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   PORTFOLIO CHARACTERISTICS  
CASH & OTHER 1.7%   WEIGHTED AVG. CREDIT QUALITY A
FIXED INCOME 98.3%   WEIGHTED AVG. MATURITY 9.07 yrs.
  100.0%   WEIGHTED AVG. DURATION 6.292 yrs.
      WEIGHTED AVG. COUPON 6.830%
NET CURRENCY DISTRIBUTION PERCENT OF TOTAL NET ASSETS   COUNTRY DISTRIBUTION PERCENT OF TOTAL NET ASSETS
ASIA 33.5%   ASIA 27.8%
  CHINESE YUAN 8.9%     INDONESIA 10.1%
  INDIAN RUPEE 4.9%     MALAYSIA0.7%
  INDO RUPIAH 8.9%     PHILIPPINES 0.1%
  JAPANESE YEN -5.8%     SOUTH KOREA 15.0%
  MALAYSI RINGGIT 15.0%     SRI LANKA 2.0%
  SOUTH KOREAN WON 13.4%   AUSTRALIA/NEW ZEALAND 8.6%
  SINGAPORE DOLLAR -14.0%     AUSTRALIA 7.4%
  SRI LANKA RUPEE 2.0%     NEW ZEALAND 1.1%
  VIETNAM DONG 0.2%   EUROPE 24.7%
AUSTRALIA/NEW ZEALAND -8.6%     FRANCE 3.1%
  AUSTRALIAN DOLLAR 3.0%     HUNGARY 2.5%
  NEW ZEALAND DOLLAR -11.6%     POLAND 9.5%
EUROPE 12.3%     RUSSIA 4.8%
  EURO MON UNIT -13.4%     SWEDEN 4.8%
  KAZAKHSTAN TENGE 0.5%   LATIN AMERICA 20.3%
  NORWEGIAN KRONE 2.9%     ARGENTINA 2.2%
  POLAND ZLOTY 8.8%     BRAZIL 7.6%
  RUSSIAN RUBLE 1.9%     MEXICO 4.7%
  SWEDISH KRONA 11.3%     PERU 3.6%
  SWISS FRANC 0.3%     VENEZUELA 2.2%
LATIN AMERICA 18.7%   MID-EAST/AFRICA 4.9%
  BRAZILIAN REAL 8.5%     EGYPT 0.1%
  CHILEAN PESO 5.5%     QATAR 1.0%
  MEXICAN PESO 1.1%     SOUTH AFRICA 2.8%
  PERU NUEVO SOL 3.6%     UNITED ARAB EMIRATES1.0%
MID-EAST/AFRICA 1.0%   NORTH AMERICA 6.8%
  EGYPTIAN POUND 0.1%     CANADA 1.4%
  ISRAELI SHEKEL 0.9%     UNITED STATES 5.5%
NORTH AMERICA 43.1%   OTHER 6.9%
  US DOLLAR 43.1%     SUPRANATIONAL 4.5%
TOTAL 100.0%     CASH 3.2%
        DERIVATIVES -0.8%
      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