SOURCE: Franklin Templeton

Franklin Templeton

April 19, 2012 09:32 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwire - Apr 19, 2012) - 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, 2012:

  • 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 $725 billion in assets under management as of March 31, 2012. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

TEMPLETON DRAGON FUND, INC.
AS OF MARCH 31, 2012
TOTAL NET ASSETS: $1,161,917,029
NET ASSET VALUE PER SHARE: $30.68


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS

TEN LARGEST POSITIONS
PERCENT OF TOTAL NET ASSETS
CASH & OTHER 0.6% DAIRY FARM INTERNATIONAL HOLDINGS LTD 17.2%
EQUITY* 99.4% CHINA PETROLEUM & CHEMICAL CORP (SINOPEC) 9.2%
100.0% CNOOC LTD 6.9%
PETROCHINA CO LTD 6.4%
CHINA MOBILE LTD 4.3%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 3.8%
CHINA CONSTRUCTION BANK 3.2%
CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD 3.1%
YANZHOU COAL MINING CO LTD 2.8%
CHINA SHENHUA ENERGY CO LTD 2.7%
59.6%

INTERNATIONAL ALLOCATION
PERCENT OF TOTAL NET ASSETS

INDUSTRY ALLOCATION
PERCENT OF TOTAL NET ASSETS
ASIA 100.0% CONSUMER DISCRETIONARY 9.4%
CAMBODIA 0.5% AUTOMOBILES & COMPONENTS 6.5%
CHINA 62.9% CONSUMER DURABLES & APPAREL 0.3%
HONG KONG 25.0% CONSUMER SERVICES 0.8%
TAIWAN 11.6% RETAILING 1.8%
TOTAL EQUITY* 100.0% CONSUMER STAPLES 22.6%
FOOD & STAPLES RETAILING 19.4%
FOOD BEVERAGE & TOBACCO 3.3%
ENERGY 28.8%
FINANCIALS 10.8%
BANKS 8.1%
INSURANCE 0.8%
REAL ESTATE 2.0%
HEALTH CARE 0.2%
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 0.2%
INDUSTRIALS 6.0%
CAPITAL GOODS 4.6%
COMMERCIAL & PROFESSIONAL SERVICES 0.1%
TRANSPORTATION 1.3%
INFORMATION TECHNOLOGY 10.6%
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 4.5%
SOFTWARE & SERVICES 1.0%
TECHNOLOGY HARDWARE & EQUIPMENT 5.1%
MATERIALS 3.0%
TELECOMMUNICATION SERVICES 5.1%
UTILITIES 3.5%
TOTAL NET ASSETS 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 GLOBAL INCOME FUND
AS OF MARCH 31, 2012
TOTAL NET ASSETS: $1,219,721,275
NET ASSET VALUE PER SHARE: $9.17


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS

PORTFOLIO CHARACTERISTICS
CASH & OTHER 5.4% WEIGHTED AVG. MATURITY 4.2040 yrs.
FIXED INCOME 94.6% WEIGHTED AVG. DURATION 2.7933 yrs.
100.0% WEIGHTED AVG. COUPON 5.5847%


NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
ASIA 34.1% ASIA 33.8%
INDIAN RUPEE 3.9% INDONESIA 8.2%
INDO RUPIAH 8.2% MALAYSIA 4.9%
JAPANESE YEN -19.8% PHILIPPINES 0.2%
MALAYSI RINGGIT 14.3% SINGAPORE 2.1%
PHILIPPINE PESO 4.6% SOUTH KOREA 15.3%
SOUTH KOREAN WON 16.4% SRI LANKA 2.3%
SINGAPORE DOLLAR 4.2% VIETNAM 0.8%
SRI LANKA RUPEE 2.3% AUSTRALIA/NEW ZEALAND 9.3%
AUSTRALIA/NEW ZEALAND 10.4% AUSTRALIA 9.3%
AUSTRALIAN DOLLAR 10.4% EUROPE 28.9%
EUROPE 2.9% HUNGARY 3.5%
BRITISH POUND 6.8% IRELAND 3.9%
EURO -35.7% LITHUANIA 2.3%
HUNGARY FORINT 1.0% POLAND 12.3%
NORWEGIAN KRONE 6.4% RUSSIA 0.6%
POLAND ZLOTY 11.5% SWEDEN 4.8%
SWEDISH KRONA 13.0% UNITED KINGDOM 1.5%
LATIN AMERICA 26.8% LATIN AMERICA 18.4%
BRAZILIAN REAL 8.9% ARGENTINA 1.0%
CHILEAN PESO 7.4% BRAZIL 8.9%
MEXICAN PESO 6.9% MEXICO 4.4%
PERU NUEVO SOL 3.6% PERU 3.6%
MID-EAST/AFRICA 4.5% VENEZUELA 0.5%
ISRAELI SHEKEL 4.5% MID-EAST/AFRICA 2.7%
NORTH AMERICA 21.2% ISRAEL 2.7%
US DOLLAR 21.2% NORTH AMERICA -0.4%
TOTAL 100.0% UNITED STATES -0.4%
OTHER 7.2%
SUPRANATIONAL 2.3%
CASH 3.0%
DERIVATIVES 1.9%
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 RUSSIA AND EAST EUROPEAN FUND, INC.
AS OF MARCH 31, 2012
TOTAL NET ASSETS: $102,226,065
NET ASSET VALUE PER SHARE: $17.79


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS

TEN LARGEST POSITIONS
PERCENT
OF TOTAL NET ASSETS
CASH & OTHER 6.7% CHEREPOVETS MK SEVERSTAL 11.2%
EQUITY* 93.3% SBERBANK OF RUSSIA 11.0%
100.0% GLOBALTRANS INVESTMENT PLC 8.4%
CTC MEDIA INC 5.7%
GAZPROM 5.6%
MHP SA 5.2%
VEROPHARM 4.8%
MMC NORILSK NICKEL OJSC 4.0%
NORD GOLD NV 3.6%
PHOSAGRO OAO 3.6%
63.1%


INTERNATIONAL ALLOCATION
PERCENT OF TOTAL NET ASSETS

INDUSTRY ALLOCATION
PERCENT OF TOTAL NET ASSETS
EUROPE 99.2% CONSUMER DISCRETIONARY 6.1%
HUNGARY 2.4% MEDIA 6.1%
KAZAKHSTAN 1.1% CONSUMER STAPLES 13.7%
RUSSIA 87.3% FOOD & STAPLES RETAILING 1.5%
UKRAINE 8.5% FOOD BEVERAGE & TOBACCO 12.3%
MID-EAST/AFRICA 0.8% ENERGY 14.7%
EGYPT 0.8% FINANCIALS 11.7%
TOTAL EQUITY* 100.0% BANKS 11.7%
HEALTH CARE 7.5%
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES 7.5%
INDUSTRIALS 9.1%
TRANSPORTATION 9.1%
INFORMATION TECHNOLOGY 0.8%
SOFTWARE & SERVICES 0.8%
MATERIALS 29.0%
TELECOMMUNICATION SERVICES 4.9%
UTILITIES 2.4%
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.

Contact Information

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