SOURCE: Franklin Templeton

Franklin Templeton

October 20, 2010 09:57 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - October 20, 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 September 30, 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 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 $644 billion in assets under management as of September 30, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON DRAGON FUND, INC.
AS OF SEPTEMBER 30, 2010
TOTAL NET ASSETS: $1,185,986,721
NET ASSET VALUE PER SHARE: $31.31

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   TEN LARGEST POSITIONS PERCENT OF TOTAL NET ASSETS
CASH & OTHER 0.8%   DAIRY FARM INTERNATIONAL HOLDINGS LTD 17.3%
EQUITY* 99.2%   CHINA PETROLEUM & CHEMICAL CORP (SINOPEC) 7.3%
  100.0%   CNOOC LTD 6.4%
      PETROCHINA CO LTD 5.2%
      CHINA MOBILE LTD 4.3%
      CHINA CONSTRUCTION BANK 3.3%
      YANZHOU COAL MINING CO LTD 3.1%
      DONGFENG MOTOR CORPORATION 2.7%
      CHINA SHENHUA ENERGY CO LTD 2.6%
      TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 2.6%
        54.7%
         
INTERNATIONAL ALLOCATION PERCENT OF TOTAL NET ASSETS   INDUSTRY ALLOCATION PERCENT OF TOTAL NET ASSETS
ASIA 99.9%   CONSUMER DISCRETIONARY 10.1%
  CAMBODIA 0.3%     AUTOMOBILES & COMPONENTS 6.6%
  CHINA 62.5%     CONSUMER DURABLES & APPAREL 0.6%
  HONG KONG 28.2%     CONSUMER SERVICES 0.9%
  TAIWAN 9.0%     RETAILING 2.0%
NORTH AMERICA 0.1%   CONSUMER STAPLES 23.8%
  UNITED STATES 0.1%     FOOD & STAPLES RETAILING 20.0%
TOTAL EQUITY* 100.0%     FOOD BEVERAGE & TOBACCO 3.8%
      ENERGY 25.6%
      FINANCIALS 15.0%
        BANKS 9.7%
        INSURANCE 1.4%
        REAL ESTATE 3.8%
      HEALTH CARE 0.2%
        PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 0.2%
      INDUSTRIALS 5.9%
        CAPITAL GOODS 4.1%
        COMMERCIAL & PROFESSIONAL SERVICES 0.1%
        TRANSPORTATION 1.6%
      INFORMATION TECHNOLOGY 8.5%
        SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 3.3%
        SOFTWARE & SERVICES 1.2%
        TECHNOLOGY HARDWARE & EQUIPMENT 4.0%
      MATERIALS 1.8%
      TELECOMMUNICATION SERVICES 5.4%
      UTILITIES 3.7%
      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 SEPTEMBER 30, 2010
TOTAL NET ASSETS: $1,359,395,266
NET ASSET VALUE PER SHARE: $10.33

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   PORTFOLIO CHARACTERISTICS  
CASH & OTHER 12.3%   WEIGHTED AVG. MATURITY 7.1428 yrs.
FIXED INCOME 87.7%   WEIGHTED AVG. DURATION 4.4416 yrs.
  100.0%   WEIGHTED AVG. COUPON 6.0306%
         
NET CURRENCY DISTRIBUTION PERCENT OF TOTAL NET ASSETS   COUNTRY DISTRIBUTION PERCENT OF TOTAL NET ASSETS
ASIA 33.2%   ASIA 27.5%
      CHINESE YUAN 4.5%       INDIA 0.7%
      INDIAN RUPEE 6.6%       INDONESIA 9.3%
      INDO RUPIAH 7.1%       SOUTH KOREA 14.6%
      JAPANESE YEN -21.2%       SRI LANKA 2.2%
      MALAYSI RINGGIT 14.6%       VIETNAM 0.8%
      PHILIPPINE PESO 5.0%   AUSTRALIA/NEW ZEALAND 7.5%
      SOUTH KOREAN WON 14.4%       AUSTRALIA 7.5%
      SRI LANKA RUPEE 2.2%   EUROPE 22.3%
AUSTRALIA/NEW ZEALAND 10.8%       HUNGARY 2.3%
      AUSTRALIAN DOLLAR 10.8%       LITHUANIA 1.9%
EUROPE -3.3%       NORWAY 1.3%
      EURO -28.3%       POLAND 8.2%
      NORWEGIAN KRONE 6.1%       RUSSIA 4.3%
      POLAND ZLOTY 7.5%       SWEDEN 4.2%
      SWEDISH KRONA 11.4%   LATIN AMERICA 19.3%
LATIN AMERICA 24.3%       ARGENTINA 1.7%
      BRAZILIAN REAL 8.2%       BRAZIL 7.7%
      CHILEAN PESO 7.0%       MEXICO 5.0%
      MEXICAN PESO 6.0%       PERU 3.1%
      PERU NUEVO SOL 3.1%       VENEZUELA 1.8%
MID-EAST/AFRICA 9.7%   MID-EAST/AFRICA 11.1%
    EGYPTIAN POUND 4.9%       EGYPT 4.9%
    ISRAELI SHEKEL 4.8%       ISRAEL 1.8%
NORTH AMERICA 25.3%       QATAR 0.9%
      US DOLLAR 25.3%       SOUTH AFRICA 2.6%
TOTAL 100.0%       UNITED ARAB EMIRATES 0.9%
      NORTH AMERICA 3.0%
          CANADA 0.4%
          UNITED STATES 2.6%
      OTHER 9.2%
          SUPRANATIONAL 3.5%
          CASH 3.7%
          DERIVATIVES 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 RUSSIA AND EAST EUROPEAN FUND, INC.
AS OF SEPTEMBER 30, 2010
TOTAL NET ASSETS: $118,489,468
NET ASSET VALUE PER SHARE: $20.62

ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS   TEN LARGEST POSITIONS PERCENT OF TOTAL NET ASSETS
CASH & OTHER 12.0%   CHEREPOVETS MK SEVERSTAL 10.7%
EQUITY* 88.0%   SBERBANK RF 8.2%
  100.0%   MECHEL OAO 8.1%
        GLOBALTRANS INVESTMENT PLC 6.4%
      SYNERGY CO 6.1%
      VEROPHARM 5.2%
      CTC MEDIA INC 4.5%
      MHP SA 3.9%
      VIMPELCOM LTD 3.9%
      MOBILE TELESYSTEMS 3.8%
        60.8%
         
INTERNATIONAL ALLOCATION PERCENT OF TOTAL NET ASSETS   INDUSTRY ALLOCATION PERCENT OF TOTAL NET ASSETS
EUROPE 94.9%   CONSUMER DISCRETIONARY 5.1%
  HUNGARY 3.6%     MEDIA 5.1%
  KAZAKHSTAN 0.2%   CONSUMER STAPLES 17.9%
  LUXEMBOURG 2.3%     FOOD & STAPLES RETAILING 0.6%
  RUSSIA 80.0%     FOOD BEVERAGE & TOBACCO 17.3%
  UKRAINE 8.7%   ENERGY 15.6%
NORTH AMERICA 5.1%   FINANCIALS 9.3%
  UNITED STATES 5.1%     BANKS 9.3%
TOTAL EQUITY* 100.0%   HEALTH CARE 9.6%
        PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 9.6%
      INDUSTRIALS 7.3%
        TRANSPORTATION 7.3%
      INFORMATION TECHNOLOGY 0.6%
        SOFTWARE & SERVICES 0.6%
      MATERIALS 23.1%
      TELECOMMUNICATION SERVICES 8.7%
      UTILITIES 2.8%
      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