SOURCE: Franklin Templeton

Franklin Templeton

March 21, 2014 09:07 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwired - Mar 21, 2014) - 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 February 28, 2014:

  • 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 $882 billion in assets under management as of February 28, 2014. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

   
TEMPLETON EMERGING MARKETS FUND  
AS OF FEBRUARY 28, 2014  
TOTAL NET ASSETS: $317,787,257  
NET ASSET VALUE PER SHARE: $17.64  
OUTSTANDING SHARES: 18,013,660  
   


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS    

TEN LARGEST POSITIONS
  PERCENT OF TOTAL NET ASSETS  
CASH & CASH EQUIVALENTS 0.4 %   BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD   11.0 %
EQUITY* 99.6 %   DAIRY FARM INTERNATIONAL HOLDINGS LTD   4.6 %
  100.0 %   ASTRA INTERNATIONAL TBK PT   4.1 %
        TATA CONSULTANCY SERVICES LTD   3.8 %
        VALE SA   3.8 %
        KASIKORNBANK PCL   3.8 %
        SIAM COMMERCIAL BANK PCL   3.1 %
        KIATNAKIN BANK PUBLIC CO LTD   3.1 %
        PETROCHINA CO LTD   3.1 %
        MCB BANK LTD   2.8 %
            43.2 %
               


INTERNATIONAL ALLOCATION
  PERCENT OF PORTFOLIO NET ASSETS    

INDUSTRY ALLOCATION
  PERCENT OF PORTFOLIO NET ASSETS  
ASIA   69.8 %   CONSUMER DISCRETIONARY   20.2 %
  CHINA   22.4 %     AUTOMOBILES & COMPONENTS   17.8 %
  HONG KONG   8.3 %     CONSUMER DURABLES & APPAREL   2.4 %
  INDIA   8.9 %   CONSUMER STAPLES   6.3 %
  INDONESIA   7.6 %     FOOD & STAPLES RETAILING   6.3 %
  PAKISTAN   2.8 %   ENERGY   24.3 %
  SOUTH KOREA   5.2 %   FINANCIALS   23.8 %
  THAILAND   14.7 %     BANKS   22.8 %
EUROPE   14.3 %     REAL ESTATE   1.0 %
  AUSTRIA   1.4 %   INDUSTRIALS   3.8 %
  RUSSIA   7.3 %     CAPITAL GOODS   2.7 %
  TURKEY   4.1 %     TRANSPORTATION   1.2 %
  UNITED KINGDOM   1.6 %   INFORMATION TECHNOLOGY   6.6 %
LATIN AMERICA   14.5 %     SOFTWARE & SERVICES   4.6 %
  BRAZIL   10.6 %     TECHNOLOGY HARDWARE & EQUIPMENT   2.0 %
  MEXICO   1.6 %   MATERIALS   14.9 %
  PERU   2.3 %   TOTAL EQUITY*   100.0 %
MID-EAST/AFRICA   1.4 %          
  JORDAN   0.2 %          
  SOUTH AFRICA   1.2 %          
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 FEBRUARY 28, 2014
TOTAL NET ASSETS: $682,930,682
NET ASSET VALUE PER SHARE: $14.24
OUTSTANDING SHARES: 47,959,695
 


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS    

PORTFOLIO CHARACTERISTICS
   
CASH & CASH EQUIVALENTS   8.7 %   WEIGHTED AVG. MATURITY   6.3814 yrs.
DERIVATIVES   -0.9 %   WEIGHTED AVG. DURATION   1.7588 yrs.
FIXED INCOME   92.2 %   WEIGHTED AVG. COUPON   7.0374%
    100.0 %        
               


NET CURRENCY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS    

COUNTRY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS  
ASIA   -1.2 %   ASIA   15.8 %
  INDO RUPIAH   3.5 %     INDIA   0.6 %
  JAPANESE YEN   -9.4 %     INDONESIA   3.5 %
  MALAYSI RINGGIT   0.7 %     KAZAKHSTAN   5.2 %
  SOUTH KOREAN WON   1.0 %     MONGOLIA   0.8 %
  SRI LANKA RUPEE   2.9 %     SRI LANKA   4.6 %
EUROPE   -2.3 %     VIETNAM   1.1 %
  EURO MON UNIT   -5.3 %   EUROPE   25.6 %
  POLAND ZLOTY   0.8 %     BOSNIA AND HERZEGOVINA   0.6 %
  SERBIAN DINAR   2.1 %     CROATIA   1.3 %
  UKRAINE HRYVNIA   0.1 %     GEORGIA   0.5 %
LATIN AMERICA   14.4 %     HUNGARY   5.4 %
  BRAZILIAN REAL   9.0 %     LITHUANIA   0.3 %
  MEXICAN PESO   5.3 %     RUSSIA   3.8 %
MID-EAST/AFRICA   4.8 %     SERBIA   4.0 %
  GHANA CEDI NEW   3.4 %     SLOVENIA   0.5 %
  NIGERIAN NAIRA   1.4 %     TURKEY   2.8 %
NORTH AMERICA   84.4 %     UKRAINE   6.3 %
  US DOLLAR   84.4 %   LATIN AMERICA   29.5 %
TOTAL   100.0 %     ARGENTINA   5.2 %
            BRAZIL   9.0 %
            CHILE   1.8 %
            COSTA RICA   2.1 %
            EL SALVADOR   0.4 %
            MEXICO   8.1 %
            PERU   0.3 %
            TRINIDAD AND TOBAGO   0.9 %
            VENEZUELA   1.7 %
          MID-EAST/AFRICA   19.1 %
            GHANA   5.8 %
            IRAQ   3.5 %
            NIGERIA   1.4 %
            SOUTH AFRICA   3.8 %
            UNITED ARAB EMIRATES   2.1 %
            ZAMBIA   2.5 %
          OTHER   9.1 %
            SUPRANATIONAL   0.8 %
            CASH   8.7 %
            DERIVATIVES   -0.4 %
          NORTH AMERICA   0.8 %
            UNITED STATES   0.8 %
          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 FEBRUARY 28, 2014
TOTAL NET ASSETS: $1,122,155,477
NET ASSET VALUE PER SHARE: $8.36
OUTSTANDING SHARES: 134,144,158
 


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS    

PORTFOLIO CHARACTERISTICS
   
CASH & CASH EQUIVALENTS   8.9 %   WEIGHTED AVG. MATURITY   3.6797 yrs.
DERIVATIVES   -1.5 %   WEIGHTED AVG. DURATION   2.3539 yrs.
FIXED INCOME   92.6 %   WEIGHTED AVG. COUPON   5.4112%
    100.0 %        
               


NET CURRENCY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS    

COUNTRY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS  
ASIA   27.1 %   ASIA   31.5 %
  INDIAN RUPEE   3.6 %     INDONESIA   3.0 %
  INDO RUPIAH   3.0 %     MALAYSIA   4.5 %
  JAPANESE YEN   -21.8 %     PHILIPPINES   1.0 %
  MALAYSI RINGGIT   16.1 %     SINGAPORE   2.2 %
  PHILIPPINE PESO   1.0 %     SOUTH KOREA   16.7 %
  SINGAPORE DOLLAR   4.4 %     SRI LANKA   3.1 %
  SOUTH KOREAN WON   17.8 %     VIETNAM   0.9 %
  SRI LANKA RUPEE   3.1 %   EUROPE   43.0 %
EUROPE   -4.6 %     HUNGARY   4.7 %
  EURO MON UNIT   -32.1 %     ICELAND   0.3 %
  HUNGARY FORINT   1.2 %     IRELAND   11.4 %
  POLAND ZLOTY   13.5 %     LITHUANIA   2.5 %
  SWEDISH KRONA   12.7 %     POLAND   12.6 %
LATIN AMERICA   28.4 %     RUSSIA   0.5 %
  BRAZILIAN REAL   8.2 %     SERBIA   0.6 %
  CHILEAN PESO   7.1 %     SLOVENIA   1.0 %
  MEXICAN PESO   9.5 %     SWEDEN   4.6 %
  PERU NUEVO SOL   3.5 %     UKRAINE   4.7 %
NORTH AMERICA   49.1 %   LATIN AMERICA   16.6 %
  US DOLLAR   49.1 %     BRAZIL   8.2 %
TOTAL   100.0 %     MEXICO   4.8 %
            PERU   3.5 %
          NORTH AMERICA   -0.3 %
            UNITED STATES   -0.3 %
          OTHER   9.2 %
            SUPRANATIONAL   1.4 %
            CASH   8.9 %
            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