SOURCE: Franklin Templeton

Franklin Templeton

June 20, 2012 14:23 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - Jun 20, 2012) - 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, 2012:

  • 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 $683 billion in assets under management as of May 31, 2012. For more information, please call 1-800/DIAL BEN®or visit franklintempleton.com.

TEMPLETON EMERGING MARKETS FUND
AS OF MAY 31, 2012
TOTAL NET ASSETS: $330,535,926
NET ASSET VALUE PER SHARE: $18.28


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS

TEN LARGEST POSITIONS
PERCENT OF TOTAL NET ASSETS
CASH & OTHER 0.5% BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD 9.4%
EQUITY* 99.5% VALE SA 5.3%
100.0% DAIRY FARM INTERNATIONAL HOLDINGS LTD 5.1%
PT ASTRA INTERNATIONAL TBK 4.5%
TATA CONSULTANCY SERVICES LTD 4.2%
PETROLEO BRASILEIRO SA (PETROBRAS) 3.8%
AKBANK TAS 3.6%
PETROCHINA CO LTD 3.5%
BK CENTRAL ASIA 3.4%
KASIKORNBANK PCL 3.4%
46.2%


INTERNATIONAL ALLOCATION
PERCENT OF PORTFOLIO NET ASSETS

INDUSTRY ALLOCATION
PERCENT OF PORTFOLIO NET ASSETS
ASIA 71.3% CONSUMER DISCRETIONARY 18.6%
CHINA 20.2% AUTOMOBILES & COMPONENTS 16.8%
HONG KONG 7.9% CONSUMER DURABLES & APPAREL 1.8%
INDIA 9.5% CONSUMER STAPLES 7.8%
INDONESIA 8.5% FOOD & STAPLES RETAILING 7.3%
PAKISTAN 2.4% HOUSEHOLD & PERSONAL PRODUCTS 0.4%
SOUTH KOREA 5.5% ENERGY 25.5%
THAILAND 11.7% FINANCIALS 23.1%
TURKEY 5.5% BANKS 22.2%
EUROPE 10.2% REAL ESTATE 0.9%
AUSTRIA 0.8% INDUSTRIALS 2.8%
HUNGARY 0.9% CAPITAL GOODS 2.0%
POLAND 0.1% TRANSPORTATION 0.8%
RUSSIA 6.7% INFORMATION TECHNOLOGY 6.1%
UNITED KINGDOM 1.8% SOFTWARE & SERVICES 4.2%
LATIN AMERICA 17.7% TECHNOLOGY HARDWARE & EQUIPMENT 1.9%
BRAZIL 15.5% MATERIALS 16.1%
MEXICO 2.2% TOTAL EQUITY* 100.0%
MID-EAST/AFRICA 0.8%
JORDAN 0.3%
SOUTH AFRICA 0.5%
TOTAL EQUITY* 100.0%

You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. Since markets can go up and down, 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. This press release contains statistical data regarding the Fund's portfolio. The Fund's complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Fund's Annual and Semi-Annual Reports to Shareholders filed with the U.S. Securities and Exchange Commission. These documents may be found at sec.gov. For portfolio management discussions, including information regarding the Fund's investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.

* EQUITY INCLUDES CONVERTIBLE AND PREFERRED SECURITIES.

TEMPLETON EMERGING MARKETS INCOME FUND
AS OF MAY 31, 2012
TOTAL NET ASSETS: $715,898,990
NET ASSET VALUE PER SHARE: $15.01


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS

PORTFOLIO CHARACTERISTICS
CASH & OTHER 7.2% WEIGHTED AVG. MATURITY 7.2443 yrs.
FIXED INCOME 92.8% WEIGHTED AVG. DURATION 4.4908 yrs.
100.0% WEIGHTED AVG. COUPON 7.5831%


NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
ASIA -3.4% ASIA 11.8%
INDO RUPIAH 4.5% INDIA 0.5%
JAPANESE YEN -11.7% INDONESIA 4.5%
MALAYSI RINGGIT 0.7% SRI LANKA 2.6%
SOUTH KOREAN WON 0.9% TURKEY 3.0%
SRI LANKA RUPEE 2.1% VIETNAM 1.0%
EUROPE 3.1% EUROPE 34.9%
EURO MON UNIT -1.1% BOSNIA AND HERZEGOVINA 0.7%
POLAND ZLOTY 0.7% CROATIA 1.1%
UKRAINE HRYVNIA 3.6% CYPRUS 0.2%
LATIN AMERICA 14.3% GEORGIA 0.5%
BRAZILIAN REAL 9.7% HUNGARY 2.3%
MEXICAN PESO 4.6% KAZAKHSTAN 7.9%
MID-EAST/AFRICA 3.7% LATVIA 1.6%
GHANA CEDI NEW 2.6% LITHUANIA 1.7%
NIGERIAN NAIRA 1.1% ROMANIA 1.0%
NORTH AMERICA 82.3% RUSSIA 6.8%
US DOLLAR 82.3% SERBIA 1.6%
TOTAL 100.0% UKRAINE 9.6%
LATIN AMERICA 28.4%
ARGENTINA 7.4%
BRAZIL 9.7%
COLOMBIA 1.0%
EL SALVADOR 0.4%
MEXICO 6.8%
PERU 0.4%
TRINIDAD AND TOBAGO 0.8%
VENEZUELA 2.0%
MID-EAST/AFRICA 16.5%
GHANA 4.5%
IRAQ 4.9%
NIGERIA 1.1%
SOUTH AFRICA 2.4%
UNITED ARAB EMIRATES 3.6%
OTHER 6.7%
SUPRANATIONAL 0.7%
CASH 5.4%
DERIVATIVES 0.6%
NORTH AMERICA 1.7%
UNITED STATES 1.7%
TOTAL 100.0%

You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. Since markets can go up and down, 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. This press release contains statistical data regarding the Fund's portfolio. The Fund's complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Fund's Annual and Semi-Annual Reports to Shareholders filed with the U.S. Securities and Exchange Commission. These documents may be found at sec.gov. For portfolio management discussions, including information regarding the Fund's investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.

TEMPLETON GLOBAL INCOME FUND
AS OF MAY 31, 2012
TOTAL NET ASSETS: $1,134,534,498
NET ASSET VALUE PER SHARE: $8.53


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS

PORTFOLIO CHARACTERISTICS
CASH & OTHER 5.7% WEIGHTED AVG. MATURITY 3.8915 yrs.
FIXED INCOME 94.3% WEIGHTED AVG. DURATION 2.0430 yrs.
100.0% WEIGHTED AVG. COUPON 5.4075%


NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
ASIA 30.0% ASIA 31.7%
INDIAN RUPEE 3.8% INDONESIA 5.1%
INDO RUPIAH 5.1% MALAYSIA 5.1%
JAPANESE YEN -22.5% PHILIPPINES 0.2%
MALAYSI RINGGIT 14.9% SINGAPORE 2.2%
PHILIPPINE PESO 4.9% SOUTH KOREA 15.9%
SINGAPORE DOLLAR 4.3% SRI LANKA 2.4%
SOUTH KOREAN WON 17.0% VIETNAM 0.9%
SRI LANKA RUPEE 2.4% AUSTRALIA/NEW ZEALAND 9.7%
AUSTRALIA/NEW ZEALAND 10.9% AUSTRALIA 9.7%
AUSTRALIAN DOLLAR 10.9% EUROPE 29.4%
EUROPE 0.7% HUNGARY 3.6%
BRITISH POUND 5.4% ICELAND 0.3%
EURO MON UNIT -35.7% IRELAND 4.2%
HUNGARY FORINT 1.0% LITHUANIA 2.5%
NORWEGIAN KRONE 6.3% POLAND 12.0%
POLAND ZLOTY 11.0% RUSSIA 0.6%
SWEDISH KRONA 12.7% SWEDEN 4.7%
LATIN AMERICA 28.2% UNITED KINGDOM 1.6%
BRAZILIAN REAL 9.5% LATIN AMERICA 19.7%
CHILEAN PESO 7.6% ARGENTINA 1.0%
MEXICAN PESO 7.2% BRAZIL 9.5%
PERU NUEVO SOL 3.9% MEXICO 4.8%
MID-EAST/AFRICA 4.6% PERU 3.9%
ISRAELI SHEKEL 4.6% VENEZUELA 0.6%
NORTH AMERICA 25.5% MID-EAST/AFRICA 2.8%
US DOLLAR 25.5% ISRAEL 2.8%
TOTAL 100.0% NORTH AMERICA -0.8%
UNITED STATES -0.8%
OTHER 7.4%
SUPRANATIONAL 2.3%
CASH 4.0%
DERIVATIVES 1.1%
TOTAL 100.0%

You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. Since markets can go up and down, 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. This press release contains statistical data regarding the Fund's portfolio. The Fund's complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Fund's Annual and Semi-Annual Reports to Shareholders filed with the U.S. Securities and Exchange Commission. These documents may be found at sec.gov. For portfolio management discussions, including information regarding the Fund's investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.

Contact Information

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