SOURCE: Franklin Templeton

Franklin Templeton

July 19, 2011 09:33 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - Jul 19, 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 June 30, 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 $734 billion in assets under management as of June 30, 2011. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON DRAGON FUND, INC.
AS OF JUNE 30, 2011
TOTAL NET ASSETS: $1,276,906,146
NET ASSET VALUE PER SHARE: $33.72

ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS TEN LARGEST POSITIONS PERCENT OF TOTAL NET ASSETS
CASH & OTHER 3.2 % DAIRY FARM INTERNATIONAL HOLDINGS LTD 14.2 %
EQUITY* 96.8 % CHINA PETROLEUM & CHEMICAL CORP (SINOPEC) 7.7 %
100.0 % CNOOC LTD 7.1 %
PETROCHINA CO LTD 6.0 %
YANZHOU COAL MINING CO LTD 4.5 %
CHINA MOBILE LTD 3.3 %
CHINA CONSTRUCTION BANK 3.1 %
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 3.0 %
CHINA SHENHUA ENERGY CO LTD 2.8 %
CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD 2.5 %
54.3 %

INTERNATIONAL ALLOCATION
PERCENT OF TOTAL NET ASSETS
INDUSTRY ALLOCATION
PERCENT OF TOTAL NET ASSETS
ASIA 99.9 % CONSUMER DISCRETIONARY 9.3 %
CAMBODIA 0.4 % AUTOMOBILES & COMPONENTS 6.2 %
CHINA 66.5 % CONSUMER DURABLES & APPAREL 0.4 %
HONG KONG 22.4 % CONSUMER SERVICES 0.8 %
TAIWAN 10.6 % RETAILING 1.9 %
NORTH AMERICA 0.1 % CONSUMER STAPLES 20.4 %
UNITED STATES 0.1 % FOOD & STAPLES RETAILING 16.9 %
TOTAL EQUITY* 100.0 % FOOD BEVERAGE & TOBACCO 3.4 %
ENERGY 29.8 %
FINANCIALS 14.4 %
BANKS 9.2 %
INSURANCE 1.3 %
REAL ESTATE 3.9 %
HEALTH CARE 0.2 %
PHARMACEUTICALS, BIOTECHNOLOGY &
LIFE SCIENCES

0.2
%
INDUSTRIALS 5.5 %
CAPITAL GOODS 3.9 %
COMMERCIAL & PROFESSIONAL SERVICES 0.1 %
TRANSPORTATION 1.5 %
INFORMATION TECHNOLOGY 9.8 %
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT
3.8
%
SOFTWARE & SERVICES 1.1 %
TECHNOLOGY HARDWARE & EQUIPMENT 4.9 %
MATERIALS 2.3 %
TELECOMMUNICATION SERVICES 4.7 %
UTILITIES 3.7 %
TOTAL NET ASSETS 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.

TEMPLETON GLOBAL INCOME FUND
AS OF JUNE 30, 2011
TOTAL NET ASSETS: $1,344,626,239
NET ASSET VALUE PER SHARE: $10.18

ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS
PORTFOLIO CHARACTERISTICS
CASH & OTHER 16.1 % WEIGHTED AVG. MATURITY 5.4631 yrs.
FIXED INCOME 83.9 % WEIGHTED AVG. DURATION 3.2270 yrs.
100.0 % WEIGHTED AVG. COUPON 5.6239 %

NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
ASIA 26.2 % ASIA 27.9 %
INDIAN RUPEE 4.4 % INDIA 0.7 %
INDO RUPIAH 7.3 % INDONESIA 8.9 %
JAPANESE YEN -22.2 % MALAYSIA 0.6 %
MALAYSI RINGGIT 13.2 % PHILIPPINES 0.2 %
PHILIPPINE PESO 5.6 % SOUTH KOREA 14.4 %
SOUTH KOREAN WON 15.5 % SRI LANKA 2.4 %
SRI LANKA RUPEE 2.4 % VIETNAM 0.7 %
AUSTRALIA/NEW ZEALAND 12.3 % AUSTRALIA/NEW ZEALAND 8.5 %
AUSTRALIAN DOLLAR 12.3 % AUSTRALIA 8.5 %
EUROPE 2.3 % EUROPE 24.3 %
BRITISH POUND 6.2 % HUNGARY 2.8 %
EURO -34.5 % LITHUANIA 2.1 %
NORWEGIAN KRONE 9.0 % NORWAY 1.3 %
POLAND ZLOTY 9.8 % POLAND 10.4 %
SWEDISH KRONA 11.8 % RUSSIA 2.1 %
LATIN AMERICA 25.0 % SWEDEN 4.1 %
BRAZILIAN REAL 8.7 % UNITED KINGDOM 1.4 %
CHILEAN PESO 7.1 % LATIN AMERICA 19.1 %
MEXICAN PESO 6.2 % ARGENTINA 1.8 %
PERU NUEVO SOL 3.1 % BRAZIL 8.7 %
MID-EAST/AFRICA 7.1 % MEXICO 4.3 %
EGYPTIAN POUND 1.7 % PERU 3.1 %
ISRAELI SHEKEL 5.3 % VENEZUELA 1.3 %
NORTH AMERICA 27.1 % MID-EAST/AFRICA 6.2 %
US DOLLAR 27.1 % EGYPT 1.7 %
TOTAL 100.0 % ISRAEL 2.8 %
SOUTH AFRICA 1.7 %
NORTH AMERICA 2.4 %
UNITED STATES 2.4 %
OTHER 11.5 %
SUPRANATIONAL 3.6 %
CASH 7.9 %
DERIVATIVES -0.1 %
TOTAL 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 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 JUNE 30, 2011
TOTAL NET ASSETS: $131,343,471
NET ASSET VALUE PER SHARE: $22.86
ASSET ALLOCATION PERCENT OF TOTAL NET ASSETS
TEN LARGEST POSITIONS
PERCENT OF TOTAL NET ASSETS
CASH & OTHER 14.1 % CHEREPOVETS MK SEVERSTAL 12.0 %
EQUITY* 85.9 % SBERBANK OF RUSSIA 9.7 %
100.0 % GLOBALTRANS INVESTMENT PLC 7.1 %
MECHEL OAO 7.0 %
VEROPHARM 5.3 %
CTC MEDIA INC 5.1 %
MINING AND METALLURGICAL CO NORILSK NICKEL
5.0
%
MHP SA 4.8 %
SYNERGY CO 4.8 %
AGROTON PUBLIC LTD 3.1 %
63.8 %

INTERNATIONAL ALLOCATION
PERCENT OF TOTAL NET ASSETS
INDUSTRY ALLOCATION
PERCENT OF TOTAL NET ASSETS
EUROPE 93.5 % CONSUMER DISCRETIONARY 5.9 %
HUNGARY 3.3 % MEDIA 5.9 %
KAZAKHSTAN 0.2 % CONSUMER STAPLES 14.7 %
RUSSIA 80.9 % FOOD BEVERAGE & TOBACCO 14.7 %
UKRAINE 9.2 % ENERGY 12.2 %
NORTH AMERICA 5.9 % FINANCIALS 11.3 %
UNITED STATES 5.9 % BANKS 11.3 %
MID-EAST/AFRICA 0.5 % HEALTH CARE 9.5 %
EGYPT 0.5 % PHARMACEUTICALS, BIOTECHNOLOGY &
LIFE SCIENCES

9.5
%
TOTAL EQUITY* 100.0 % INDUSTRIALS 8.2 %
TRANSPORTATION 8.2 %
INFORMATION TECHNOLOGY 1.2 %
SOFTWARE & SERVICES 1.2 %
MATERIALS 30.5 %
TELECOMMUNICATION SERVICES 4.4 %
UTILITIES 2.0 %
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