SOURCE: Franklin Templeton

Franklin Templeton

September 19, 2014 09:40 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwired - Sep 19, 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 August 31, 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 to retail, institutional and sovereign wealth clients in over 150 countries. Through specialized teams, the Company has expertise across all asset classes -- including equity, fixed income, alternative and custom solutions. The Company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and over $922 billion in assets under management as of August 31, 2014. For more information, please visit franklintempleton.com.

This press release contains statistical data regarding the Funds' portfolios. The Funds' complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Funds' 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 Funds' 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 EMERGING MARKETS FUND
AS OF AUGUST 31, 2014
TOTAL NET ASSETS: $376,573,657
NET ASSET VALUE PER SHARE: $20.91
OUTSTANDING SHARES: 18,009,460
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

TEN LARGEST POSITIONS
PERCENT OF TOTAL NET ASSETS
CASH & CASH EQUIVALENTS 3.7%   BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD 10.4%
EQUITY* 96.3%   DAIRY FARM INTERNATIONAL HOLDINGS LTD 4.4%
  100.0%   KASIKORNBANK PCL 4.2%
      ASTRA INTERNATIONAL TBK PT 3.8%
      PETROLEO BRASILEIRO SA (PETROBRAS) 3.7%
      TATA CONSULTANCY SERVICES LTD 3.6%
      BANCO BRADESCO SA 3.5%
      PETROCHINA CO LTD 3.5%
      HYUNDAI DEVELOPMENT CO 3.3%
      SIAM COMMERCIAL BANK PCL 3.3%
        43.9%
         


INTERNATIONAL ALLOCATION
PERCENT OF PORTFOLIO NET ASSETS  

INDUSTRY ALLOCATION
PERCENT OF PORTFOLIO NET ASSETS
ASIA 66.5%   CONSUMER DISCRETIONARY 19.1%
  CHINA 22.3%     AUTOMOBILES & COMPONENTS 17.2%
  HONG KONG 7.8%     CONSUMER DURABLES & APPAREL 1.9%
  INDIA 6.9%   CONSUMER STAPLES 7.7%
  INDONESIA 6.1%     FOOD & STAPLES RETAILING 4.6%
  PAKISTAN 2.8%     FOOD BEVERAGE & TOBACCO 3.1%
  SOUTH KOREA 5.1%   ENERGY 24.1%
  THAILAND 15.4%   FINANCIALS 26.1%
EUROPE 15.1%     BANKS 25.2%
  AUSTRIA 1.0%     REAL ESTATE 0.9%
  RUSSIA 6.5%   INDUSTRIALS 5.4%
  TURKEY 4.4%     CAPITAL GOODS 4.5%
  UNITED KINGDOM 3.1%     TRANSPORTATION 0.9%
LATIN AMERICA 15.8%   INFORMATION TECHNOLOGY 7.0%
  BRAZIL 13.5%     SOFTWARE & SERVICES 5.0%
  PERU 2.3%     TECHNOLOGY HARDWARE & EQUIPMENT 1.9%
MID-EAST/AFRICA 2.7%   MATERIALS 10.6%
  JORDAN 0.2%   TOTAL EQUITY* 100.0%
  QATAR 1.0%      
  SOUTH AFRICA 1.5%      
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. All investments involve risks, including possible loss of principal. Special risks are associated with foreign investing, including currency volatility, economic instability and political developments of countries where the Fund invests. The Fund's investments in emerging market countries are subject to all of the risks of foreign investing generally, and have additional heightened risks due to these markets' smaller size and lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets, including: delays in settling portfolio securities transactions; currency and capital controls; greater sensitivity to interest rate changes; pervasiveness of corruption and crime; currency exchange rate volatility; and inflation, deflation or currency devaluation. The Fund is actively managed and investment allocations can be expected to change, but there is no guarantee that the manager's investment decisions will produce the desired results. 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.
* Equity includes convertible and preferred securities.

 
 
TEMPLETON EMERGING MARKETS INCOME FUND
AS OF AUGUST 31, 2014
TOTAL NET ASSETS: $690,849,686
NET ASSET VALUE PER SHARE: $14.39
OUTSTANDING SHARES: 47,998,418
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
 
CASH & CASH EQUIVALENTS 4.1%   WEIGHTED AVG. MATURITY 6.7922 yrs.
DERIVATIVES 0.1%   WEIGHTED AVG. DURATION 2.3795 yrs.
FIXED INCOME 95.8%   WEIGHTED AVG. COUPON 7.2379%
  100.0%      
         


NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS  

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
ASIA 0.3%   ASIA 17.1%
  INDIAN RUPEE 1.0%     INDIA 1.6%
  INDO RUPIAH 3.5%     INDONESIA 3.5%
  JAPANESE YEN -9.1%     KAZAKHSTAN 5.1%
  MALAYSI RINGGIT 0.7%     MONGOLIA 0.9%
  SOUTH KOREAN WON 1.0%     SRI LANKA 4.8%
  SRI LANKA RUPEE 3.1%     VIETNAM 1.1%
EUROPE -2.6%   EUROPE 25.6%
  EURO MON UNIT -5.4%     BOSNIA AND HERZEGOVINA 0.6%
  POLAND ZLOTY 0.7%     CROATIA 1.3%
  SERBIAN DINAR 2.1%     GEORGIA 0.5%
LATIN AMERICA 15.6%     HUNGARY 5.0%
  BRAZILIAN REAL 10.1%     LITHUANIA 0.3%
  MEXICAN PESO 5.5%     POLAND 1.0%
MID-EAST/AFRICA 3.9%     RUSSIA 3.5%
  GHANA CEDI NEW 2.5%     SERBIA 3.9%
  NIGERIAN NAIRA 1.5%     SLOVENIA 0.6%
NORTH AMERICA 82.7%     TURKEY 2.1%
  US DOLLAR 82.7%     UKRAINE 6.8%
TOTAL 100.0%   LATIN AMERICA 25.3%
        BRAZIL 10.1%
        CHILE 1.9%
        COSTA RICA 2.3%
        EQUADOR 5.1%
        EL SALVADOR 0.4%
        MEXICO 4.3%
        PERU 0.3%
        TRINIDAD AND TOBAGO 0.9%
      MID-EAST/AFRICA 24.1%
        GHANA 5.1%
        IRAQ 3.6%
        KENYA 1.0%
        NIGERIA 5.0%
        SENEGAL 0.7%
        SOUTH AFRICA 3.2%
        UNITED ARAB EMIRATES 2.3%
        ZAMBIA 3.3%
      OTHER 5.0%
        SUPRANATIONAL 0.8%
        CASH 4.1%
        DERIVATIVES 0.2%
      NORTH AMERICA 2.8%
        CANADA 1.6%
        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. All investments involve risks, including possible loss of principal. Changes in interest rates will affect the value of the Fund's portfolio and its share price and yield. Bond prices generally move in the opposite direction of interest rates. Thus, as prices of bonds in the Fund adjust to a rise in interest rates, the Fund's share price may decline. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments of countries where the Fund invests. The Fund's investments in emerging market countries are subject to all of the risks of foreign investing generally, and have additional heightened risks due to these markets' smaller size and lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets, including: delays in settling portfolio securities transactions; currency and capital controls; greater sensitivity to interest rate changes; pervasiveness of corruption and crime; currency exchange rate volatility; and inflation, deflation or currency devaluation. The Fund's use of foreign currency techniques involves special risks as such techniques may not achieve the anticipated benefits and/or may result in losses to the Fund. Also, as a nondiversified investment company, the Fund may invest in a relatively small number of issuers and, as a result, be subject to a greater risk of loss with respect to its portfolio securities. The Fund is actively managed and investment allocations can be expected to change, but there is no guarantee that the manager's investment decisions will produce the desired results. 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.

 
 
TEMPLETON GLOBAL INCOME FUND
AS OF AUGUST 31, 2014
TOTAL NET ASSETS: $1,169,317,592
NET ASSET VALUE PER SHARE: $8.72
OUTSTANDING SHARES: 134,144,158
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
 
CASH & CASH EQUIVALENTS 10.7%   WEIGHTED AVG. MATURITY 3.8153 yrs.
DERIVATIVES 1.1%   WEIGHTED AVG. DURATION 2.4270 yrs.
FIXED INCOME 88.2%   WEIGHTED AVG. COUPON 5.3392%
  100.0%      
         


NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS  

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
ASIA 25.0%   ASIA 30.9%
  INDIAN RUPEE 5.5%     INDIA 2.0%
  INDO RUPIAH 2.9%     INDONESIA 2.9%
  JAPANESE YEN -23.5%     MALAYSIA 4.1%
  MALAYSI RINGGIT 15.7%     PHILIPPINES 0.9%
  PHILIPPINE PESO 0.9%     SINGAPORE 2.2%
  SINGAPORE DOLLAR 4.3%     SOUTH KOREA 14.7%
  SOUTH KOREAN WON 15.9%     SRI LANKA 3.2%
  SRI LANKA RUPEE 3.2%     VIETNAM 0.9%
EUROPE -6.6%   EUROPE 38.6%
  EURO MON UNIT -29.6%     HUNGARY 4.5%
  HUNGARY FORINT 1.1%     ICELAND 0.3%
  POLAND ZLOTY 12.3%     IRELAND 8.7%
  SWEDISH KRONA 9.6%     LITHUANIA 2.4%
LATIN AMERICA 28.4%     POLAND 11.5%
  BRAZILIAN REAL 8.9%     PORTUGAL 1.0%
  CHILEAN PESO 6.5%     RUSSIA 0.5%
  MEXICAN PESO 9.6%     SERBIA 0.6%
  PERU NUEVO SOL 3.5%     SLOVENIA 1.0%
NORTH AMERICA 53.2%     SWEDEN 3.7%
  US DOLLAR 53.2%     UKRAINE 4.4%
TOTAL 100.0%   LATIN AMERICA 17.2%
        BRAZIL 8.9%
        MEXICO 4.9%
        PERU 3.5%
      NORTH AMERICA -0.6%
        UNITED STATES -0.6%
      OTHER 13.9%
        SUPRANATIONAL 1.5%
        CASH 10.7%
        DERIVATIVES 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. All investments involve risks, including possible loss of principal. Changes in interest rates will affect the value of the Fund's portfolio and its share price and yield. Bond prices generally move in the opposite direction of interest rates. Thus, as prices of bonds in the Fund adjust to a rise in interest rates, the Fund's share price may decline. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments of countries where the Fund invests. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. The Fund's use of foreign currency techniques involves special risks as such techniques may not achieve the anticipated benefits and/or may result in losses to the Fund. Also, as a nondiversified investment company, the Fund may invest in a relatively small number of issuers and, as a result, be subject to a greater risk of loss with respect to its portfolio securities. The Fund is actively managed and investment allocations can be expected to change, but there is no guarantee that the manager's investment decisions will produce the desired results. 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.

Contact Information

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