SOURCE: Franklin Templeton

Franklin Templeton

June 21, 2011 10:18 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - Jun 21, 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 May 31, 2011:

  • 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 $735 billion in assets under management as of May 31, 2011. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON EMERGING MARKETS FUND
AS OF MAY 31, 2011
TOTAL NET ASSETS: $431,174,274
NET ASSET VALUE PER SHARE: $23.84


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS

TEN LARGEST POSITIONS
PERCENT OF TOTAL NET ASSETS
EQUITY*100.0%BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD6.8%
100.0%VALE SA6.6%
PETROLEO BRASILEIRO SA (PETROBRAS)4.9%
AKBANK TAS4.2%
SESA GOA LTD4.1%
SK INNOVATION CO LTD3.8%
TATA CONSULTANCY SERVICES LTD3.7%
ITAU UNIBANCO HOLDING SA3.5%
P T ASTRA INTERNATIONAL TBK3.5%
BANCO BRADESCO SA3.5%
44.6%


INTERNATIONAL ALLOCATION
PERCENT OF PORTFOLIO NET ASSETS

INDUSTRY ALLOCATION
PERCENT OF PORTFOLIO NET ASSETS
ASIA67.0%CONSUMER DISCRETIONARY15.3%
CHINA18.3%AUTOMOBILES & COMPONENTS13.1%
HONG KONG6.4%CONSUMER DURABLES & APPAREL2.2%
INDIA11.0%CONSUMER STAPLES5.8%
INDONESIA6.9%FOOD & STAPLES RETAILING5.5%
PAKISTAN2.0%HOUSEHOLD & PERSONAL PRODUCTS0.3%
SOUTH KOREA6.3%ENERGY28.3%
THAILAND9.2%FINANCIALS21.7%
TURKEY6.9%BANKS20.9%
EUROPE11.8%REAL ESTATE0.8%
AUSTRIA0.9%INDUSTRIALS2.9%
HUNGARY1.4%CAPITAL GOODS2.2%
POLAND0.3%TRANSPORTATION0.8%
RUSSIA7.1%INFORMATION TECHNOLOGY5.3%
UNITED KINGDOM2.2%SOFTWARE & SERVICES3.7%
LATIN AMERICA20.7%TECHNOLOGY HARDWARE & EQUIPMENT1.6%
BRAZIL18.6%MATERIALS20.6%
MEXICO2.1%TOTAL EQUITY*100.0%
MID-EAST/AFRICA0.5%
SOUTH AFRICA0.5%
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 MAY 31, 2011
TOTAL NET ASSETS: $800,498,539
NET ASSET VALUE PER SHARE: $16.85


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS

PORTFOLIO CHARACTERISTICS
CASH & OTHER6.4%WEIGHTED AVG. MATURITY8.1765 yrs.
FIXED INCOME93.6%WEIGHTED AVG. DURATION4.4872 yrs.
100.0%WEIGHTED AVG. COUPON7.4117%


NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
ASIA2.7%ASIA15.9%
INDO RUPIAH8.9%FIJI1.6%
JAPANESE YEN-10.0%INDIA0.5%
MALAYSI RINGGIT0.7%INDONESIA8.9%
SOUTH KOREAN WON0.8%PAKISTAN1.7%
SRI LANKA RUPEE2.2%SRI LANKA2.7%
EUROPE3.2%TURKEY0.5%
EURO MON UNIT-1.0%EUROPE29.0%
POLAND ZLOTY0.8%BOSNIA AND HERZEGOVINA0.8%
UKRAINE HRYVNIA3.4%CROATIA1.1%
LATIN AMERICA14.3%CYPRUS0.2%
BRAZILIAN REAL9.3%GEORGIA0.4%
MEXICAN PESO5.0%HUNGARY0.5%
MID-EAST/AFRICA3.1%KAZAKHSTAN7.3%
GHANA CEDI NEW3.1%LITHUANIA1.6%
NORTH AMERICA76.7%RUSSIA6.3%
US DOLLAR76.7%UKRAINE10.8%
TOTAL100.0%LATIN AMERICA33.4%
ARGENTINA9.0%
BRAZIL9.9%
COLOMBIA0.8%
EL SALVADOR0.4%
MEXICO3.0%
PANAMA0.5%
PERU2.5%
TRINIDAD AND TOBAGO0.7%
VENEZUELA6.6%
MID-EAST/AFRICA11.9%
GHANA3.1%
IRAQ5.1%
SOUTH AFRICA2.0%
UNITED ARAB EMIRATES1.7%
OTHER7.8%
SUPRANATIONAL1.5%
CASH6.7%
DERIVATIVES-0.4%
NORTH AMERICA2.0%
UNITED STATES2.0%
TOTAL100.0%

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, 2011
TOTAL NET ASSETS: $1,355,224,146
NET ASSET VALUE PER SHARE: $10.26


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS

PORTFOLIO CHARACTERISTICS
CASH & OTHER17.8%WEIGHTED AVG. MATURITY5.4885 yrs.
FIXED INCOME82.2%WEIGHTED AVG. DURATION3.2151 yrs.
100.0%WEIGHTED AVG. COUPON5.703%


NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
ASIA26.5%ASIA27.9%
INDIAN RUPEE4.3%INDIA0.7%
INDO RUPIAH7.4%INDONESIA9.0%
JAPANESE YEN-21.8%MALAYSIA0.6%
MALAYSI RINGGIT13.2%PHILIPPINES0.2%
PHILIPPINE PESO5.6%SOUTH KOREA14.4%
SOUTH KOREAN WON15.5%SRI LANKA2.4%
SRI LANKA RUPEE2.4%VIETNAM0.7%
AUSTRALIA/NEW ZEALAND12.0%AUSTRALIA/NEW ZEALAND8.4%
AUSTRALIAN DOLLAR12.0%AUSTRALIA8.4%
EUROPE3.1%EUROPE23.1%
BRITISH POUND6.4%HUNGARY2.8%
EURO MON UNIT-32.7%LITHUANIA2.1%
NORWEGIAN KRONE8.9%NORWAY1.3%
POLAND ZLOTY8.5%POLAND9.1%
SWEDISH KRONA12.0%RUSSIA2.0%
LATIN AMERICA24.9%SWEDEN4.2%
BRAZILIAN REAL8.5%UNITED KINGDOM1.5%
CHILEAN PESO7.0%LATIN AMERICA18.9%
MEXICAN PESO6.4%ARGENTINA1.8%
PERU NUEVO SOL2.9%BRAZIL8.5%
MID-EAST/AFRICA7.5%MEXICO4.5%
EGYPTIAN POUND2.2%PERU2.9%
ISRAELI SHEKEL5.2%VENEZUELA1.3%
NORTH AMERICA26.0%MID-EAST/AFRICA6.6%
US DOLLAR26.0%EGYPT2.2%
TOTAL100.0%ISRAEL2.8%
SOUTH AFRICA1.6%
NORTH AMERICA2.4%
UNITED STATES2.4%
OTHER12.7%
SUPRANATIONAL3.6%
CASH8.1%
DERIVATIVES0.9%
TOTAL100.0%

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