SOURCE: Franklin Templeton

Franklin Templeton

January 20, 2011 10:30 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - January 20, 2011) - 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 December 31, 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 $670 billion in assets under management as of December 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON DRAGON FUND, INC.
AS OF DECEMBER 31, 2010
TOTAL NET ASSETS: $1,258,099,474
NET ASSET VALUE PER SHARE: $33.22
 
ASSET ALLOCATION   PERCENT OF TOTAL NET ASSETS   TEN LARGEST POSITIONS   PERCENT OF TOTAL NET ASSETS
CASH & OTHER   0.3%   DAIRY FARM INTERNATIONAL HOLDINGS LTD   17.4%
EQUITY*   99.7%   CHINA PETROLEUM & CHEMICAL CORP (SINOPEC)   7.4%
    100.0%   CNOOC LTD   7.4%
        PETROCHINA CO LTD   5.5%
        CHINA MOBILE LTD   3.9%
        YANZHOU COAL MINING CO LTD   3.7%
        CHINA CONSTRUCTION BANK   3.4%
        TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD   3.0%
        BANK OF CHINA LTD   2.5%
        CHINA SHENHUA ENERGY CO LTD   2.5%
            56.6%
             
INTERNATIONAL ALLOCATION   PERCENT OF TOTAL NET ASSETS   INDUSTRY ALLOCATION   PERCENT OF TOTAL NET ASSETS
ASIA   99.9%   CONSUMER DISCRETIONARY   8.7%
  CAMBODIA   0.3%     AUTOMOBILES & COMPONENTS   5.6%
  CHINA   62.3%     CONSUMER DURABLES & APPAREL   0.4%
  HONG KONG   27.5%     CONSUMER SERVICES   1.0%
  TAIWAN   9.8%     RETAILING   1.7%
NORTH AMERICA   0.1%   CONSUMER STAPLES   22.8%
  UNITED STATES   0.1%     FOOD & STAPLES RETAILING   19.7%
TOTAL EQUITY*   100.0%     FOOD BEVERAGE & TOBACCO   3.1%
        ENERGY   27.3%
        FINANCIALS   14.8%
          BANKS   9.7%
          INSURANCE   1.4%
          REAL ESTATE   3.7%
        HEALTH CARE   0.2%
          PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   0.2%
        INDUSTRIALS   6.0%
          CAPITAL GOODS   4.3%
          COMMERCIAL & PROFESSIONAL SERVICES   0.1%
          TRANSPORTATION   1.6%
        INFORMATION TECHNOLOGY   9.4%
          SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   3.7%
          SOFTWARE & SERVICES   1.1%
          TECHNOLOGY HARDWARE & EQUIPMENT   4.5%
        MATERIALS   2.4%
        TELECOMMUNICATION SERVICES   4.9%
        UTILITIES   3.5%
        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 DECEMBER 31, 2010
TOTAL NET ASSETS: $1,303,913,661
NET ASSET VALUE PER SHARE: $9.90
 
ASSET ALLOCATION   PERCENT OF TOTAL NET ASSETS   PORTFOLIO CHARACTERISTICS    
CASH & OTHER   10.8%   WEIGHTED AVG. MATURITY   6.6921 yrs.
FIXED INCOME   89.2%   WEIGHTED AVG. DURATION   4.1652 yrs.
    100.0%   WEIGHTED AVG. COUPON   5.9498%
             
NET CURRENCY DISTRIBUTION   PERCENT OF TOTAL NET ASSETS   COUNTRY DISTRIBUTION   PERCENT OF TOTAL NET ASSETS
ASIA   32.1%   ASIA   28.6%
  CHINESE YUAN   1.6%     INDIA   0.7%
  INDIAN RUPEE   6.9%     INDONESIA   8.8%
  INDO RUPIAH   7.2%     PHILIPPINES   0.2%
  JAPANESE YEN   -22.8%     SOUTH KOREA   15.8%
  MALAYSI RINGGIT   15.3%     SRI LANKA   2.3%
  PHILIPPINE PESO   5.8%     VIETNAM   0.7%
  SOUTH KOREAN WON   15.8%   AUSTRALIA/NEW ZEALAND   8.3%
  SRI LANKA RUPEE   2.3%     AUSTRALIA   8.3%
AUSTRALIA/NEW ZEALAND   11.9%   EUROPE   22.9%
  AUSTRALIAN DOLLAR   11.9%     HUNGARY   2.3%
EUROPE   -3.4%     LITHUANIA   2.1%
  EURO   -31.6%     NORWAY   1.3%
  NORWEGIAN KRONE   8.6%     POLAND   8.4%
  POLAND ZLOTY   7.7%     RUSSIA   4.4%
  SWEDISH KRONA   11.9%     SWEDEN   4.5%
LATIN AMERICA   25.8%   LATIN AMERICA   20.3%
  BRAZILIAN REAL   9.0%     ARGENTINA   1.8%
  CHILEAN PESO   7.5%     BRAZIL   8.4%
  MEXICAN PESO   6.1%     MEXICO   5.0%
  PERU NUEVO SOL   3.2%     PERU   3.2%
MID-EAST/AFRICA   10.5%     VENEZUELA   1.9%
  EGYPTIAN POUND   5.1%   MID-EAST/AFRICA   10.5%
  ISRAELI SHEKEL   5.3%     EGYPT   5.1%
NORTH AMERICA   23.1%     ISRAEL   2.8%
  US DOLLAR   23.1%     SOUTH AFRICA   1.7%
TOTAL   100.0%     UNITED ARAB EMIRATES   0.9%
        NORTH AMERICA   2.9%
          CANADA   0.5%
          UNITED STATES   2.5%
        OTHER   6.4%
          SUPRANATIONAL   3.5%
          CASH   0.9%
          DERIVATIVES   1.9%
        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.

TEMPLETON RUSSIA AND EAST EUROPEAN FUND, INC.
AS OF DECEMBER 31, 2010
TOTAL NET ASSETS: $134,101,766
NET ASSET VALUE PER SHARE: $23.34
 
ASSET ALLOCATION   PERCENT OF TOTAL NET ASSETS   TEN LARGEST POSITIONS   PERCENT OF TOTAL NET ASSETS
CASH & OTHER   12.6%   CHEREPOVETS MK SEVERSTAL   10.9%
EQUITY*   87.4%   SBERBANK RF   8.8%
    100.0%   MECHEL OAO   8.4%
        SYNERGY CO   6.9%
        GLOBALTRANS INVESTMENT PLC   6.6%
        VEROPHARM   6.1%
        MHP SA   4.9%
        CTC MEDIA INC   4.3%
        VIMPELCOM LTD   3.5%
        AGROTON PUBLIC LTD   3.2%
            63.6%
             
INTERNATIONAL ALLOCATION   PERCENT OF TOTAL NET ASSETS   INDUSTRY ALLOCATION   PERCENT OF TOTAL NET ASSETS
EUROPE   95.1%   CONSUMER DISCRETIONARY   4.9%
  HUNGARY   2.8%     MEDIA   4.9%
  KAZAKHSTAN   0.2%   CONSUMER STAPLES   19.8%
  LUXEMBOURG   2.2%     FOOD & STAPLES RETAILING   0.5%
  RUSSIA   80.2%     FOOD BEVERAGE & TOBACCO   19.3%
  UKRAINE   9.7%   ENERGY   13.7%
NORTH AMERICA   4.9%   FINANCIALS   10.1%
  UNITED STATES   4.9%     BANKS   10.1%
TOTAL EQUITY*   100.0%   HEALTH CARE   9.8%
          PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES   9.8%
        INDUSTRIALS   7.5%
          TRANSPORTATION   7.5%
        INFORMATION TECHNOLOGY   0.9%
          SOFTWARE & SERVICES   0.9%
        MATERIALS   24.1%
        TELECOMMUNICATION SERVICES   6.6%
        UTILITIES   2.7%
        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