SOURCE: Franklin Templeton

Franklin Templeton

December 20, 2010 10:28 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - December 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 November 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 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 $642 billion in assets under management as of November 30, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON EMERGING MARKETS FUND
AS OF NOVEMBER 30, 2010
TOTAL NET ASSETS: $412,962,439
NET ASSET VALUE PER SHARE: $22.83



ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

TEN LARGEST POSITIONS
PERCENT OF TOTAL NET ASSETS
CASH & OTHER 0.2%   BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD 7.2%
EQUITY* 99.8%   VALE SA 6.6%
  100.0%   AKBANK TAS 5.4%
      PETROLEO BRASILEIRO SA (PETROBRAS) 4.8%
      SESA GOA LTD 4.4%
      SK ENERGY CO LTD 3.8%
      ITAU UNIBANCO HOLDING SA 3.8%
      BANCO BRADESCO SA 3.7%
      DAIRY FARM INTERNATIONAL HOLDINGS LTD 3.6%
      TATA CONSULTANCY SERVICES LTD 3.5%
        46.7%
         


INTERNATIONAL ALLOCATION
PERCENT OF PORTFOLIO NET ASSETS  

INDUSTRY ALLOCATION
PERCENT OF PORTFOLIO NET ASSETS
ASIA 68.5%   CONSUMER DISCRETIONARY 16.1%
  CHINA 19.4%     AUTOMOBILES & COMPONENTS 13.7%
  HONG KONG 6.2%     CONSUMER DURABLES & APPAREL 2.4%
  INDIA 11.4%   CONSUMER STAPLES 5.9%
  INDONESIA 5.5%     FOOD & STAPLES RETAILING 5.7%
  PAKISTAN 2.1%     HOUSEHOLD & PERSONAL PRODUCTS 0.3%
  SOUTH KOREA 6.6%   ENERGY 26.8%
  THAILAND 9.4%   FINANCIALS 22.9%
  TURKEY 7.9%     BANKS 22.0%
EUROPE 10.0%     REAL ESTATE 0.9%
  AUSTRIA 0.7%   INDUSTRIALS 3.4%
  HUNGARY 1.0%     CAPITAL GOODS 2.5%
  POLAND 0.3%     TRANSPORTATION 0.9%
  RUSSIA 6.0%   INFORMATION TECHNOLOGY 4.6%
  UNITED KINGDOM 2.0%     SOFTWARE & SERVICES 3.5%
LATIN AMERICA 20.9%     TECHNOLOGY HARDWARE & EQUIPMENT 1.1%
  BRAZIL 18.9%   MATERIALS 20.3%
  MEXICO 2.1%   TOTAL EQUITY* 100.0%
MID-EAST/AFRICA 0.5%      
  SOUTH AFRICA 0.5%      
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 NOVEMBER 30, 2010
TOTAL NET ASSETS: $775,221,041
NET ASSET VALUE PER SHARE: $16.36



ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
 
CASH & OTHER -0.5%   WEIGHTED AVG. MATURITY 9.1528 yrs.
FIXED INCOME 100.5%   WEIGHTED AVG. DURATION 5.2061 yrs.
  100.0%   WEIGHTED AVG. COUPON 7.4269%
         


  NET CURRENCY
  PERCENT OF TOTAL NET ASSETS  

  COUNTRY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS
  DISTRIBUTION
  ASIA   3.4%     ASIA   16.5%
    INDO RUPIAH   9.8%       FIJI   1.6%
    JAPANESE YEN   -10.1%       INDIA   0.5%
    MALAYSI RINGGIT   0.7%       INDONESIA   9.8%
    SOUTH KOREAN WON   0.8%       PAKISTAN   1.8%
    SRI LANKA RUPEE   2.2%       SRI LANKA   2.7%
  EUROPE   2.9%     EUROPE   30.4%
    EURO MON UNIT   -1.1%       BOSNIA AND HERZEGOVINA   0.8%
    POLAND ZLOTY   0.7%       CROATIA   1.1%
    UKRAINE HRYVNIA   3.4%       CYPRUS   0.2%
  LATIN AMERICA   13.4%       GEORGIA   0.7%
    BRAZILIAN REAL   9.8%       HUNGARY   0.4%
    MEXICAN PESO   3.6%       KAZAKHSTAN   7.1%
  MID-EAST/AFRICA   3.3%       LITHUANIA   1.6%
    GHANA CEDI NEW   3.3%       NETHERLANDS   1.9%
  NORTH AMERICA   76.9%       RUSSIA   5.9%
    US DOLLAR   76.9%       UKRAINE   10.8%
  TOTAL   100.0%     LATIN AMERICA   33.2%
          ARGENTINA   8.0%
          BRAZIL   10.5%
          COLOMBIA   0.9%
          EL SALVADOR   0.4%
          MEXICO   3.0%
          PANAMA   0.5%
          PERU   2.7%
          TRINIDAD AND TOBAGO   0.8%
          VENEZUELA   6.5%
        MID-EAST/AFRICA   13.1%
          GHANA   3.3%
          IRAQ   5.1%
          SOUTH AFRICA   3.1%
          UNITED ARAB EMIRATES   1.6%
        OTHER   5.0%
          SUPRANATIONAL   5.6%
          CASH   0.6%
          DERIVATIVES   -1.1%
        NORTH AMERICA   1.8%
          UNITED STATES   1.8%
        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 NOVEMBER 30, 2010
TOTAL NET ASSETS: $1,329,828,336
NET ASSET VALUE PER SHARE: $10.10



ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
 
CASH & OTHER 11.7%   WEIGHTED AVG. MATURITY 6.8619 yrs.
FIXED INCOME 88.3%   WEIGHTED AVG. DURATION 4.2636 yrs.
  100.0%   WEIGHTED AVG. COUPON 5.9689%
         


  NET CURRENCY
  PERCENT OF TOTAL NET ASSETS  

  COUNTRY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS
  DISTRIBUTION
  ASIA   32.8%     ASIA   28.5%
    CHINESE YUAN   3.1%       INDIA   0.7%
    INDIAN RUPEE   6.6%       INDONESIA   9.3%
    INDO RUPIAH   7.2%       PHILIPPINES   0.1%
    JAPANESE YEN   -21.7%       SOUTH KOREA   15.4%
    MALAYSI RINGGIT   14.6%       SRI LANKA   2.2%
    PHILIPPINE PESO   5.5%       VIETNAM   0.8%
    SOUTH KOREAN WON   15.2%     AUSTRALIA/NEW ZEALAND   7.7%
    SRI LANKA RUPEE   2.2%       AUSTRALIA   7.7%
  AUSTRALIA/NEW   11.0%     EUROPE   21.7%
  ZEALAND
    AUSTRALIAN DOLLAR   11.0%       HUNGARY   2.2%
  EUROPE   -3.6%       LITHUANIA   2.0%
    EURO MON UNIT   -29.9%       NORWAY   1.2%
    NORWEGIAN KRONE   7.9%       POLAND   7.8%
    POLAND ZLOTY   7.1%       RUSSIA   4.3%
    SWEDISH KRONA   11.2%       SWEDEN   4.2%
  LATIN AMERICA   24.5%     LATIN AMERICA   19.5%
    BRAZILIAN REAL   8.3%       ARGENTINA   1.7%
    CHILEAN PESO   7.1%       BRAZIL   7.8%
    MEXICAN PESO   6.0%       MEXICO   5.1%
    PERU NUEVO SOL   3.1%       PERU   3.1%
  MID-EAST/AFRICA   10.0%       VENEZUELA   1.8%
    EGYPTIAN POUND   5.0%     MID-EAST/AFRICA   12.1%
    ISRAELI SHEKEL   5.0%       EGYPT   5.0%
  NORTH AMERICA   25.2%       ISRAEL   2.6%
    US DOLLAR   25.2%       QATAR   0.9%
  TOTAL   100.0%       SOUTH AFRICA   2.6%
          UNITED ARAB EMIRATES   0.9%
        NORTH AMERICA   2.9%
          CANADA   0.4%
          UNITED STATES   2.5%
        OTHER   7.5%
          SUPRANATIONAL   3.5%
          CASH   2.0%
          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.

Contact Information

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