SOURCE: Franklin Templeton

Franklin Templeton

June 17, 2009 11:01 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - June 17, 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 May 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 $448 billion in assets under management as of May 31, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

                      TEMPLETON EMERGING MARKETS FUND
                            AS OF MAY 31, 2009
                      TOTAL NET ASSETS: $255,935,767
                    NET ASSET VALUE PER SHARE: $14.16




                 PERCENT OF                                     PERCENT OF
                  TOTAL NET                                      TOTAL NET
ASSET ALLOCATION   ASSETS          TEN LARGEST POSITIONS          ASSETS
---------------- ---------   ----------------------------------  ---------
CASH & OTHER           0.4%  PETROLEO BRASILEIRO SA (PETROBRAS)        9.2%
EQUITY*               99.6%  VALE SA                                   6.1%
                 ---------   PETROCHINA CO LTD                         5.2%
                     100.0%  AKBANK TAS                                4.8%
                             DENWAY MOTORS LTD                         4.2%
                             ITAU UNIBANCO HOLDING SA                  3.8%
                             SESA GOA LTD                              3.7%
                             BANCO BRADESCO SA                         3.7%
                             ALUMINUM CORP OF CHINA LTD                3.7%
                             SK ENERGY CO LTD                          3.6%
                                                                 ---------
                                                                      48.1%



                 PERCENT OF                                      PERCENT OF
                 PORTFOLIO                                       PORTFOLIO
INTERNATIONAL       NET                                             NET
 ALLOCATION        ASSETS            INDUSTRY ALLOCATION           ASSETS
---------------- ---------   ----------------------------------- ---------
ASIA                  61.9%  CONSUMER DISCRETIONARY                    9.1%
  CHINA               17.7%    AUTOMOBILES & COMPONENTS                7.1%
  HONG KONG            4.9%    CONSUMER DURABLES & APPAREL             1.9%
  INDIA               10.2%  CONSUMER STAPLES                          5.8%
  INDONESIA            3.7%    FOOD & STAPLES RETAILING                5.3%
  PAKISTAN             1.2%    HOUSEHOLD & PERSONAL PRODUCTS           0.6%
  SOUTH KOREA          6.8%  ENERGY                                   36.2%
  TAIWAN               2.2%  FINANCIALS                               19.6%
  THAILAND             8.3%    BANKS                                  17.0%
  TURKEY               7.0%    DIVERSIFIED FINANCIALS                  1.5%
EUROPE                13.2%    REAL ESTATE                             1.2%
  AUSTRIA              1.4%  INDUSTRIALS                               3.0%
  HUNGARY              0.9%    CAPITAL GOODS                           2.1%
  RUSSIA               8.8%    TRANSPORTATION                          0.8%
  UNITED KINGDOM       2.1%  INFORMATION TECHNOLOGY                    4.2%
LATIN AMERICA         24.7%    SEMICONDUCTORS & SEMICONDUCTOR
  BRAZIL              22.9%     EQUIPMENT                              2.2%
  MEXICO               1.7%    SOFTWARE & SERVICES                     1.8%
MID-EAST/AFRICA        0.2%    TECHNOLOGY HARDWARE & EQUIPMENT         0.3%
  SOUTH AFRICA         0.2%  MATERIALS                                20.8%
TOTAL EQUITY*        100.0%  TELECOMMUNICATION SERVICES                1.3%
                             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, 2009
                      TOTAL NET ASSETS: $604,618,620
                    NET ASSET VALUE PER SHARE: $12.77


                      PERCENT OF
                      TOTAL NET
ASSET ALLOCATION        ASSETS       PORTFOLIO CHARACTERISTICS
----------------      ----------   ---------------------------- ----------
CASH & OTHER                 7.4%  WEIGHTED AVG. CREDIT QUALITY BBB-
FIXED INCOME                92.6%  WEIGHTED AVG. MATURITY       9.12 yrs.
                      ----------   WEIGHTED AVG. DURATION       5.420 yrs.
                           100.0%  WEIGHTED AVG. COUPON         7.380%


                              PERCENT OF                         PERCENT OF
                              TOTAL NET                          TOTAL NET
NET CURRENCY DISTRIBUTION      ASSETS    COUNTRY DISTRIBUTION      ASSETS
-------------------------    ---------   ----------------------  ---------
ASIA                              14.0%  ASIA                         22.9%
  INDO RUPIAH                     12.2%    FIJI                        1.6%
  MALAYSI RINGGIT                  0.8%    INDIA                       1.6%
  SOUTH KOREAN WON                 1.0%    INDONESIA                  12.8%
EUROPE                             0.5%    PAKISTAN                    1.5%
  EURO MON UNIT                   -0.4%    PHILIPPINES                 3.9%
  POLAND ZLOTY                     0.8%    SOUTH KOREA                 1.0%
LATIN AMERICA                     14.9%    VIETNAM                     0.6%
  BRAZILIAN REAL                  12.7%  EUROPE                       23.2%
  CHILEAN PESO                     0.6%    BOSNIA AND HERZEGOVINA      0.9%
  MEXICAN PESO                     1.3%    GEORGIA                     0.9%
  PERU NUEVO SOL                   0.3%    HUNGARY                     0.5%
MID-EAST/AFRICA                    1.3%    KAZAKHSTAN                  5.6%
  EGYPTIAN POUND                   1.3%    NETHERLANDS                 1.9%
NORTH AMERICA                     69.4%    POLAND                      0.8%
  US DOLLAR                       69.4%    RUSSIA                      6.3%
TOTAL                            100.0%    UKRAINE                     5.8%
                                           UNITED KINGDOM              0.5%
                                         LATIN AMERICA                33.4%
                                           ARGENTINA                   7.5%
                                           BRAZIL                     14.3%
                                           COLOMBIA                    1.5%
                                           EL SALVADOR                 0.4%
                                           MEXICO                      3.5%
                                           PANAMA                      1.1%
                                           PERU                        4.7%
                                           VENEZUELA                   0.3%
                                         MID-EAST/AFRICA              10.2%
                                           EGYPT                       1.3%
                                           GHANA                       0.7%
                                           IRAQ                        5.2%
                                           SOUTH AFRICA                2.0%
                                           UNITED ARAB EMIRATES        1.0%
                                         OTHER                         8.4%
                                           SUPRANATIONAL               4.5%
                                           CASH                        3.2%
                                           DERIVATIVES                 0.8%
                                         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 MAY 31, 2009
                     TOTAL NET ASSETS: $1,128,897,718
                     NET ASSET VALUE PER SHARE: $8.61


                 PERCENT OF
                 TOTAL NET
ASSET ALLOCATION   ASSETS    PORTFOLIO CHARACTERISTICS
---------------- ---------  ---------------------------- ----------
CASH & OTHER           5.8% WEIGHTED AVG. CREDIT QUALITY A
FIXED INCOME          94.2% WEIGHTED AVG. MATURITY       9.38 yrs.
                 ---------  WEIGHTED AVG. DURATION       6.252 yrs.
                     100.0% WEIGHTED AVG. COUPON         6.509%


                               PERCENT OF                        PERCENT OF
                               TOTAL NET                         TOTAL NET
NET CURRENCY DISTRIBUTION       ASSETS    COUNTRY DISTRIBUTION     ASSETS
-------------------------     ---------   ---------------------  ---------
ASIA                               42.2%  ASIA                        26.8%
  CHINESE YUAN                      9.2%    INDONESIA                 10.0%
  INDIAN RUPEE                      3.6%    MALAYSIA                   1.3%
  INDO RUPIAH                       9.5%    PHILIPPINES                0.1%
  JAPANESE YEN                      3.9%    SOUTH KOREA               15.4%
  MALAYSI RINGGIT                  15.7%  AUSTRALIA/NEW ZEALAND        8.4%
  SOUTH KOREAN WON                 13.9%    AUSTRALIA                  7.3%
  SINGAPORE DOLLAR                -14.2%    NEW ZEALAND                1.1%
  VIETNAM DONG                      0.8%  EUROPE                      19.3%
AUSTRALIA/NEW ZEALAND              -8.5%    FRANCE                     3.0%
  AUSTRALIAN DOLLAR                 2.7%    HUNGARY                    2.2%
  NEW ZEALAND DOLLAR              -11.2%    POLAND                     3.2%
EUROPE                              5.4%    RUSSIA                     6.4%
  EURO MON UNIT                   -21.3%    SWEDEN                     4.6%
  KAZAKHSTAN TENGE                  0.5%  LATIN AMERICA               20.8%
  NORWEGIAN KRONE                   1.7%    ARGENTINA                  2.8%
  POLAND ZLOTY                      7.3%    BRAZIL                     7.5%
  RUSSIAN RUBLE                     6.4%    MEXICO                     5.0%
  SWEDISH KRONA                     8.8%    PERU                       3.6%
  SWISS FRANC                       2.1%    VENEZUELA                  1.9%
LATIN AMERICA                      22.0%  MID-EAST/AFRICA              7.4%
  BRAZILIAN REAL                    6.7%    EGYPT                      2.8%
  CHILEAN PESO                      5.8%    QATAR                      1.0%
  MEXICAN PESO                      6.0%    SOUTH AFRICA               2.6%
  PERU NUEVO SOL                    3.6%    UNITED ARAB EMIRATES       1.0%
MID-EAST/AFRICA                     2.8%  NORTH AMERICA                6.8%
  EGYPTIAN POUND                    2.8%    CANADA                     1.3%
NORTH AMERICA                      36.1%    UNITED STATES              5.5%
  US DOLLAR                        36.1%  OTHER                       10.4%
TOTAL                             100.0%    SUPRANATIONAL              8.6%
                                            CASH                       1.7%
                                            DERIVATIVES                0.2%
                                          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.

Contact Information

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