SOURCE: Franklin Templeton

Franklin Templeton

April 21, 2011 10:32 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - Apr 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 March 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 Dragon Fund, Inc. (NYSE: TDF)
Templeton Global Income Fund (NYSE: GIM)
Templeton Russia and East European Fund, Inc. (NYSE: TRF)

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 $703 billion in assets under management as of March 31, 2011. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON DRAGON FUND, INC.
AS OF MARCH 31, 2011
TOTAL NET ASSETS: $1,274,259,314
NET ASSET VALUE PER SHARE: $33.65



ASSET ALLOCATION

PERCENT OF TOTAL NET ASSETS



TEN LARGEST POSITIONS

PERCENT OF TOTAL NET ASSETS
CASH & OTHER1.1%DAIRY FARM INTERNATIONAL HOLDINGS LTD14.8%
EQUITY*98.9%CHINA PETROLEUM & CHEMICAL CORP (SINOPEC)7.7%
100.0%CNOOC LTD7.7%
PETROCHINA CO LTD6.3%
YANZHOU COAL MINING CO LTD4.3%
CHINA MOBILE LTD3.6%
CHINA CONSTRUCTION BANK3.5%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD2.9%
CHINA SHENHUA ENERGY CO LTD2.7%
BANK OF CHINA LTD2.6%
56.2%

INTERNATIONAL ALLOCATION
PERCENT OF TOTAL NET ASSETS

INDUSTRY ALLOCATION
PERCENT OF TOTAL NET ASSETS
ASIA99.9%CONSUMER DISCRETIONARY8.8%
CAMBODIA0.3%AUTOMOBILES & COMPONENTS5.9%
CHINA65.4%CONSUMER DURABLES & APPAREL0.4%
HONG KONG24.7%CONSUMER SERVICES0.8%
TAIWAN9.5%RETAILING1.8%
NORTH AMERICA0.1%CONSUMER STAPLES20.1%
UNITED STATES0.1%FOOD & STAPLES RETAILING17.2%
TOTAL EQUITY*100.0%FOOD BEVERAGE & TOBACCO2.9%
ENERGY29.8%
FINANCIALS15.2%
BANKS10.1%
INSURANCE1.3%
REAL ESTATE3.8%
HEALTH CARE0.2%
PHARMACEUTICALS, BIOTECHNOLOGY &
LIFE SCIENCES

0.2%
INDUSTRIALS6.0%
CAPITAL GOODS4.3%
COMMERCIAL & PROFESSIONAL SERVICES0.1%
TRANSPORTATION1.6%
INFORMATION TECHNOLOGY9.2%
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 3.5%
SOFTWARE & SERVICES1.3%
TECHNOLOGY HARDWARE & EQUIPMENT4.4%
MATERIALS2.4%
TELECOMMUNICATION SERVICES4.8%
UTILITIES3.6%
TOTAL NET ASSETS100.0%

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 GLOBAL INCOME FUND
AS OF MARCH 31, 2011
TOTAL NET ASSETS: $1,320,048,464
NET ASSET VALUE PER SHARE: $10.00
ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS
PORTFOLIO CHARACTERISTICS
CASH & OTHER14.1%WEIGHTED AVG. MATURITY6.1181 yrs.
FIXED INCOME85.9%WEIGHTED AVG. DURATION3.4786 yrs.
100.0%WEIGHTED AVG. COUPON5.7678%
NET CURRENCY DISTRIBUTIONPERCENT OF TOTAL NET ASSETSCOUNTRY DISTRIBUTIONPERCENT OF TOTAL NET ASSETS
ASIA31.3%ASIA29.4%
INDIAN RUPEE6.9%INDIA0.7%
INDO RUPIAH7.3%INDONESIA8.8%
JAPANESE YEN-22.0%MALAYSIA0.6%
MALAYSI RINGGIT15.4%PHILIPPINES0.2%
PHILIPPINE PESO5.7%SOUTH KOREA16.0%
SOUTH KOREAN WON15.5%SRI LANKA2.4%
SRI LANKA RUPEE2.4%VIETNAM0.7%
AUSTRALIA/NEW ZEALAND11.9%AUSTRALIA/NEW ZEALAND8.3%
AUSTRALIAN DOLLAR11.9%AUSTRALIA8.3%
EUROPE1.4%EUROPE23.2%
BRITISH POUND4.9%HUNGARY2.8%
EURO-32.4%LITHUANIA2.1%
NORWEGIAN KRONE9.0%NORWAY1.4%
POLAND ZLOTY7.9%POLAND8.5%
SWEDISH KRONA12.0%RUSSIA4.2%
LATIN AMERICA24.4%SWEDEN4.2%
BRAZILIAN REAL8.3%LATIN AMERICA19.3%
CHILEAN PESO7.0%ARGENTINA1.8%
MEXICAN PESO6.1%BRAZIL8.3%
PERU NUEVO SOL2.9%MEXICO4.3%
MID-EAST/AFRICA9.3%PERU2.9%
EGYPTIAN POUND4.0%VENEZUELA1.9%
ISRAELI SHEKEL5.3%MID-EAST/AFRICA8.5%
NORTH AMERICA21.7%EGYPT4.0%
US DOLLAR21.7%ISRAEL2.8%
TOTAL100.0%SOUTH AFRICA1.7%
NORTH AMERICA2.9%
CANADA0.5%
UNITED STATES2.5%
OTHER8.4%
SUPRANATIONAL3.6%
CASH4.1%
DERIVATIVES0.7%
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 RUSSIA AND EAST EUROPEAN FUND, INC.
AS OF MARCH 31, 2011
TOTAL NET ASSETS: $140,083,622
NET ASSET VALUE PER SHARE: $24.38
ASSET ALLOCATIONPERCENT OF TOTAL NET ASSETSTEN LARGEST POSITIONSPERCENT
OF TOTAL NET ASSETS
CASH & OTHER16.2%CHEREPOVETS MK SEVERSTAL12.0%
EQUITY*83.8%SBERBANK OF RUSSIA9.3%
100.0%MECHEL OAO8.4%
GLOBALTRANS INVESTMENT PLC6.6%
CTC MEDIA INC5.3%
SYNERGY CO5.2%
MHP SA5.1%
VEROPHARM5.1%
AGROTON PUBLIC LTD3.3%
GAZPROM3.2%
63.6%
INTERNATIONAL ALLOCATIONPERCENT OF TOTAL NET ASSETSINDUSTRY ALLOCATIONPERCENT OF TOTAL NET ASSETS
EUROPE93.2%CONSUMER DISCRETIONARY6.3%
HUNGARY3.1%MEDIA6.3%
KAZAKHSTAN0.1%CONSUMER STAPLES16.4%
RUSSIA79.7%FOOD & STAPLES RETAILING0.1%
UKRAINE10.3%FOOD BEVERAGE & TOBACCO16.3%
NORTH AMERICA6.3%ENERGY14.4%
UNITED STATES6.3%FINANCIALS11.1%
MID-EAST/AFRICA0.5%BANKS11.1%
EGYPT0.5%HEALTH CARE9.2%
TOTAL EQUITY*100.0%PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES
9.2%
INDUSTRIALS7.9%
TRANSPORTATION7.9%
INFORMATION TECHNOLOGY1.1%
SOFTWARE & SERVICES1.1%
MATERIALS26.7%
TELECOMMUNICATION SERVICES4.6%
UTILITIES2.2%
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.

Contact Information

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