SOURCE: Franklin Templeton

Franklin Templeton

December 19, 2013 10:30 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwired - Dec 19, 2013) - 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, 2013:

  • 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, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over $870 billion in assets under management as of November 30, 2013. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON EMERGING MARKETS FUND  
AS OF NOVEMBER 30, 2013  
TOTAL NET ASSETS: $372,575,115  
NET ASSET VALUE PER SHARE: $20.65  
OUTSTANDING SHARES: 18,039,115  
   


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS    

TEN LARGEST POSITIONS
    PERCENT OF TOTAL NET ASSETS  
CASH & CASH EQUIVALENTS   1.4 %   BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD     12.9 %
EQUITY*   98.6 %   DAIRY FARM INTERNATIONAL HOLDINGS LTD     4.5 %
    100.0 %   VALE SA     3.6 %
          KASIKORNBANK PCL     3.2 %
          GUANGZHOU AUTOMOBILE GROUP CO LTD     3.1 %
          GAZPROM OAO     3.1 %
          ASTRA INTERNATIONAL TBK PT     3.1 %
          PETROLEO BRASILEIRO SA (PETROBRAS)     3.0 %
          BANCO BRADESCO SA     3.0 %
          PETROCHINA CO LTD     2.9 %
                42.3 %


INTERNATIONAL ALLOCATION
  PERCENT OF PORTFOLIO NET ASSETS    

INDUSTRY ALLOCATION
  PERCENT OF PORTFOLIO NET ASSETS  
ASIA   71.7%     CONSUMER DISCRETIONARY   21.3%  
  CHINA   24.0 %     AUTOMOBILES & COMPONENTS   19.4 %
  HONG KONG   8.0 %     CONSUMER DURABLES & APPAREL   2.0 %
  INDIA   7.7 %   CONSUMER STAPLES   7.2 %
  INDONESIA   5.9 %     FOOD & STAPLES RETAILING   6.7 %
  PAKISTAN   3.1 %     HOUSEHOLD & PERSONAL PRODUCTS   0.5 %
  SOUTH KOREA   5.1 %   ENERGY   24.9 %
  THAILAND   13.0 %   FINANCIALS   24.2 %
  TURKEY   4.8 %     BANKS   23.2 %
EUROPE   10.4 %     REAL ESTATE   1.0 %
  AUSTRIA   1.3 %   INDUSTRIALS   3.3 %
  POLAND   0.4 %     CAPITAL GOODS   2.2 %
  RUSSIA   7.6 %     TRANSPORTATION   1.1 %
  UNITED KINGDOM   1.2 %   INFORMATION TECHNOLOGY   5.5 %
LATIN AMERICA   16.5 %     SOFTWARE & SERVICES   3.5 %
  BRAZIL   12.5 %     TECHNOLOGY HARDWARE & EQUIPMENT   2.1 %
  MEXICO   2.2 %   MATERIALS   13.4 %
  PERU   1.8 %   TOTAL EQUITY*   100.0 %
MID-EAST/AFRICA   1.3 %          
  JORDAN   0.2 %          
  SOUTH AFRICA   1.1 %          
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 NOVEMBER 30, 2013  
TOTAL NET ASSETS: $715,639,361  
NET ASSET VALUE PER SHARE: $14.92  
OUTSTANDING SHARES: 47,959,695  
   


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS    

PORTFOLIO CHARACTERISTICS
     
CASH & CASH EQUIVALENTS   3.5 %   WEIGHTED AVG. MATURITY   6.3269 yrs.  
DERIVATIVES   1.3 %   WEIGHTED AVG. DURATION   2.0108 yrs.  
FIXED INCOME   95.1 %   WEIGHTED AVG. COUPON   7.2887%  
    100.0 %          


NET CURRENCY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS    

COUNTRY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS  
ASIA   -1.7%     ASIA   13.1%  
  INDO RUPIAH   3.1 %     INDIA   0.6 %
  JAPANESE YEN   -8.9 %     INDONESIA   3.1 %
  MALAYSI RINGGIT   0.7 %     MONGOLIA   0.9 %
  SOUTH KOREAN WON   1.0 %     SRI LANKA   4.0 %
  SRI LANKA RUPEE   2.5 %     TURKEY   3.5 %
EUROPE   0.7 %     VIETNAM   1.1 %
  EURO MON UNIT   -2.1 %   EUROPE   32.5 %
  POLAND ZLOTY   0.7 %     BOSNIA AND HERZEGOVINA   0.7 %
  SERBIAN DINAR   1.9 %     CROATIA   1.2 %
  UKRAINE HRYVNIA   0.2 %     GEORGIA   0.5 %
LATIN AMERICA   13.8 %     HUNGARY   5.0 %
  BRAZILIAN REAL   8.5 %     KAZAKHSTAN   8.2 %
  MEXICAN PESO   5.2 %     LATVIA   0.9 %
MID-EAST/AFRICA   5.1 %     LITHUANIA   0.3 %
  GHANA CEDI NEW   3.8 %     ROMANIA   1.1 %
  NIGERIAN NAIRA   1.4 %     RUSSIA   4.7 %
NORTH AMERICA   82.0 %     SERBIA   3.5 %
  US DOLLAR   82.0 %     SLOVENIA   0.5 %
TOTAL   100.0 %     UKRAINE   5.9 %
          LATIN AMERICA   24.9 %
            ARGENTINA   5.3 %
            BRAZIL   8.5 %
            EL SALVADOR   0.4 %
            MEXICO   8.0 %
            PERU   0.3 %
            TRINIDAD AND TOBAGO   0.9 %
            VENEZUELA   1.5 %
          MID-EAST/AFRICA   22.6 %
            GHANA   6.3 %
            IRAQ   3.3 %
            NIGERIA   1.4 %
            SOUTH AFRICA   5.4 %
            UNITED ARAB EMIRATES   3.8 %
            ZAMBIA   2.5 %
          OTHER   5.7 %
            SUPRANATIONAL   0.7 %
            CASH   3.5 %
            DERIVATIVES   1.4 %
          NORTH AMERICA   1.2 %
            UNITED STATES   1.2 %
          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 NOVEMBER 30, 2013  
TOTAL NET ASSETS: $1,158,336,114  
NET ASSET VALUE PER SHARE: $8.64  
OUTSTANDING SHARES: 134,144,158  
   


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS    

PORTFOLIO CHARACTERISTICS
     
CASH & CASH EQUIVALENTS   16.4 %   WEIGHTED AVG. MATURITY   3.3780 yrs.  
DERIVATIVES   -0.7 %   WEIGHTED AVG. DURATION   2.1034 yrs.  
FIXED INCOME   84.3 %   WEIGHTED AVG. COUPON   5.3507%
    100.0 %          


NET CURRENCY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS    

COUNTRY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS  
ASIA   27.4%     ASIA   30.3%  
  INDIAN RUPEE   3.4 %     INDONESIA   2.8 %
  INDO RUPIAH   2.8 %     MALAYSIA   4.4 %
  JAPANESE YEN   -19.9 %     PHILIPPINES   1.0 %
  MALAYSI RINGGIT   15.7 %     SINGAPORE   2.2 %
  PHILIPPINE PESO   1.0 %     SOUTH KOREA   16.3 %
  SINGAPORE DOLLAR   4.3 %     SRI LANKA   2.7 %
  SOUTH KOREAN WON   17.3 %     VIETNAM   0.9 %
  SRI LANKA RUPEE   2.7 %   EUROPE   36.2 %
EUROPE   -5.4 %     HUNGARY   4.4 %
  EURO MON UNIT   -31.2 %     ICELAND   0.3 %
  HUNGARY FORINT   1.1 %     IRELAND   10.4 %
  POLAND ZLOTY   12.7 %     LITHUANIA   2.5 %
  SWEDISH KRONA   12.0 %     POLAND   11.8 %
LATIN AMERICA   28.3 %     RUSSIA   0.5 %
  BRAZILIAN REAL   7.9 %     SERBIA   0.5 %
  CHILEAN PESO   7.3 %     SLOVENIA   0.9 %
  MEXICAN PESO   9.5 %     SWEDEN   3.0 %
  PERU NUEVO SOL   3.6 %     UKRAINE   1.9 %
NORTH AMERICA   49.6 %   LATIN AMERICA   16.4 %
  US DOLLAR   49.6 %     BRAZIL   7.9 %
TOTAL   100.0 %     MEXICO   4.9 %
            PERU   3.6 %
          NORTH AMERICA   -0.2 %
            UNITED STATES   -0.2 %
          OTHER   17.4 %
            SUPRANATIONAL   1.4 %
            CASH   16.4 %
            DERIVATIVES   -0.4 %
          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