SOURCE: Franklin Templeton

Franklin Templeton

January 21, 2014 13:18 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwired - Jan 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 December 31, 2013:

  • 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, 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 $879 billion in assets under management as of December 31, 2013. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

 
TEMPLETON DRAGON FUND, INC.
AS OF DECEMBER 31, 2013
TOTAL NET ASSETS: $1,027,445,056
NET ASSET VALUE PER SHARE: $28.46
OUTSTANDING SHARES: 36,100,663
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS    

TEN LARGEST POSITIONS
  PERCENT OF TOTAL NET ASSETS  
CASH & OTHER 0.6 %   DAIRY FARM INTERNATIONAL HOLDINGS LTD   16.1 %
EQUITY* 99.4 %   CHINA PETROLEUM & CHEMICAL CORP (SINOPEC)   9.6 %
  100.0 %   CNOOC LTD   6.8 %
        TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD   5.4 %
        PETROCHINA CO LTD   5.2 %
        CHINA MOBILE LTD   4.2 %
        CHINA CONSTRUCTION BANK   3.5 %
        GREAT WALL MOTOR COMPANY LTD   2.8 %
        CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD   2.5 %
        DONGFENG MOTOR GROUP CO LTD   2.3 %
            58.3 %
               

INTERNATIONAL ALLOCATION
PERCENT OF TOTAL NET ASSETS    

INDUSTRY ALLOCATION
PERCENT OF TOTAL NET ASSETS  
ASIA 100.0 %   CONSUMER DISCRETIONARY 11.9 %
  CHINA 65.5 %     AUTOMOBILES & COMPONENTS 8.8 %
  HONG KONG 24.3 %     CONSUMER DURABLES & APPAREL 0.9 %
  TAIWAN 10.3 %     CONSUMER SERVICES 0.7 %
TOTAL EQUITY* 100.0 %     RETAILING 1.5 %
        CONSUMER STAPLES 20.3 %
          FOOD & STAPLES RETAILING 18.5 %
          FOOD BEVERAGE & TOBACCO 1.8 %
        ENERGY 24.6 %
        FINANCIALS 12.0 %
          BANKS 9.2 %
          INSURANCE 0.8 %
          REAL ESTATE 2.0 %
        HEALTH CARE 0.5 %
          PHARMACEUTICALS, BIOTECHNOLOGY &
LIFE SCIENCES

0.5
%
        INDUSTRIALS 6.2 %
          CAPITAL GOODS 4.2 %
          TRANSPORTATION 2.0 %
        INFORMATION TECHNOLOGY 10.4 %
          SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT
6.9
%
          SOFTWARE & SERVICES 1.6 %
          TECHNOLOGY HARDWARE & EQUIPMENT 1.8 %
        MATERIALS 5.5 %
        TELECOMMUNICATION SERVICES 5.1 %
        UTILITIES 3.6 %
        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 DECEMBER 31, 2013
TOTAL NET ASSETS: $1,134,562,563
NET ASSET VALUE PER SHARE: $8.46
OUTSTANDING SHARES: 134,144,158
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS    

PORTFOLIO CHARACTERISTICS
 
CASH & CASH EQUIVALENTS 13.6 %   WEIGHTED AVG. MATURITY 3.5945 yrs.
DERIVATIVES -0.4 %   WEIGHTED AVG. DURATION 2.3410 yrs.
FIXED INCOME 86.8 %   WEIGHTED AVG. COUPON 5.3059%
  100.0 %      
           


NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS    

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS  
ASIA 27.6 %   ASIA 30.9 %
  INDIAN RUPEE 3.5 %     INDONESIA 2.8 %
  INDO RUPIAH 2.8 %     MALAYSIA 4.5 %
  JAPANESE YEN -20.5 %     PHILIPPINES 1.0 %
  MALAYSI RINGGIT 15.7 %     SINGAPORE 2.2 %
  PHILIPPINE PESO 1.0 %     SOUTH KOREA 16.7 %
  SOUTH KOREAN WON 17.7 %     SRI LANKA 2.9 %
  SINGAPORE DOLLAR 4.4 %     VIETNAM 0.9 %
  SRI LANKA RUPEE 2.9 %   EUROPE 37.8 %
EUROPE -5.0 %     HUNGARY 4.7 %
  EURO -32.1 %     ICELAND 0.3 %
  HUNGARY FORINT 1.2 %     IRELAND 10.8 %
  POLAND ZLOTY 13.3 %     LITHUANIA 2.5 %
  SWEDISH KRONA 12.5 %     POLAND 12.4 %
LATIN AMERICA 28.8 %     RUSSIA 0.5 %
  BRAZILIAN REAL 8.1 %     SERBIA 0.6 %
  CHILEAN PESO 7.6 %     SLOVENIA 0.9 %
  MEXICAN PESO 9.5 %     SWEDEN 3.1 %
  PERU NUEVO SOL 3.7 %     UKRAINE 2.1 %
NORTH AMERICA 48.6 %   LATIN AMERICA 16.6 %
  US DOLLAR 48.6 %     BRAZIL 8.1 %
TOTAL 100.0 %     MEXICO 4.8 %
          PERU 3.7 %
        NORTH AMERICA -0.2 %
          UNITED STATES -0.2 %
        OTHER 14.8 %
          SUPRANATIONAL 1.3 %
          CASH 13.6 %
          DERIVATIVES -0.2 %
        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. 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 DECEMBER 31, 2013
TOTAL NET ASSETS: $94,031,942
NET ASSET VALUE PER SHARE: $17.01
OUTSTANDING SHARES: 5,526,944
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS    

TEN LARGEST POSITIONS
PERCENT
OF TOTAL NET ASSETS
 
CASH & OTHER 5.4 %   SBERBANK OF RUSSIA 16.2 %
EQUITY* 94.6 %   GLOBALTRANS INVESTMENT PLC 8.4 %
  100.0 %   MHP SA 6.9 %
        VEROPHARM 6.1 %
        SOCIETATEA NATIONALA DE GAZE NATURALE ROMGAZ SA
5.5
%
        KCELL JSC 5.2 %
        GAZPROM OAO 5.0 %
        X5 RETAIL GROUP NV 4.8 %
        DIXIE GROUP OJSC 4.4 %
        LUKOIL OAO 3.5 %
          66.0 %
             


INTERNATIONAL ALLOCATION
PERCENT OF TOTAL NET ASSETS    

INDUSTRY ALLOCATION
PERCENT OF TOTAL NET ASSETS  
ASIA 9.0 %   CONSUMER DISCRETIONARY 2.6 %
  KAZAKHSTAN 9.0 %     RETAILING 2.6 %
EUROPE 90.1 %   CONSUMER STAPLES 19.3 %
  ESTONIA 1.0 %     FOOD & STAPLES RETAILING 11.7 %
  GEORGIA 2.7 %     FOOD BEVERAGE & TOBACCO 7.6 %
  POLAND 1.4 %   ENERGY 24.3 %
  PORTUGAL 2.0 %   FINANCIALS 24.8 %
  ROMANIA 8.4 %     BANKS 21.9 %
  RUSSIA 65.0 %     REAL ESTATE 2.9 %
  TURKEY 2.0 %   HEALTH CARE 8.2 %
  UKRAINE 7.6 %     HEALTH CARE EQUIPMENT & SERVICES 1.4 %
MID-EAST/AFRICA 1.0 %     PHARMACEUTICALS, BIOTECHNOLOGY &
LIFE SCIENCES

6.8
%
  TURKMENISTAN 1.0 %   INDUSTRIALS 9.7 %
TOTAL EQUITY* 100.0 %     TRANSPORTATION 9.7 %
        MATERIALS 5.6 %
        TELECOMMUNICATION SERVICES 5.5 %
        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. 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