SOURCE: Franklin Templeton

Franklin Templeton

July 16, 2014 10:23 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwired - Jul 16, 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 June 30, 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 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 $920 billion in assets under management as of June 30, 2014. For more information, please call 1-800/DIAL BEN® or 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 DRAGON FUND, INC.
AS OF JUNE 30, 2014
TOTAL NET ASSETS: $1,028,659,844
NET ASSET VALUE PER SHARE: $29.11
OUTSTANDING SHARES: 35,336,890
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

TEN LARGEST POSITIONS
PERCENT OF TOTAL NET ASSETS
CASH & OTHER 1.2%   TEMPLETON CHINA OPPORTUNITIES FUND LTD 16.3%
EQUITY* 98.8%   DAIRY FARM INTERNATIONAL HOLDINGS LTD 14.8%
  100.0%   CHINA PETROLEUM & CHEMICAL CORP (SINOPEC) 7.8%
      TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 6.4%
      PETROCHINA CO LTD 4.4%
      CNOOC LTD 4.2%
      CHINA MOBILE LTD 3.0%
      DONGFENG MOTOR GROUP CO LTD 2.8%
      CHINA CONSTRUCTION BANK CORP 2.4%
      CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD 2.4%
        64.4%
         

INTERNATIONAL ALLOCATION
PERCENT OF TOTAL NET ASSETS  

INDUSTRY ALLOCATION
PERCENT OF TOTAL NET ASSETS
ASIA 83.5%   CONSUMER DISCRETIONARY 9.8%
  CHINA 51.1%     AUTOMOBILES & COMPONENTS 6.7%
  HONG KONG 22.3%     CONSUMER DURABLES & APPAREL 1.3%
  TAIWAN 10.1%     CONSUMER SERVICES 0.5%
LATIN AMERICA 16.5%     MEDIA 0.1%
  CAYMAN ISLANDS 16.5%     RETAILING 1.1%
TOTAL EQUITY* 100.0%   CONSUMER STAPLES 18.7%
        FOOD & STAPLES RETAILING 16.8%
        FOOD BEVERAGE & TOBACCO 1.9%
      ENERGY 17.9%
      FINANCIALS 25.1%
        BANKS 6.4%
        DIVERSIFIED FINANCIALS 16.5%
        INSURANCE 0.8%
        REAL ESTATE 1.5%
      HEALTH CARE 0.4%
        PHARMACEUTICALS, BIOTECHNOLOGY &
LIFE SCIENCES

0.4%
      INDUSTRIALS 4.7%
        CAPITAL GOODS 2.8%
        TRANSPORTATION 1.8%
      INFORMATION TECHNOLOGY 12.4%
        SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 8.3%
        SOFTWARE & SERVICES 2.3%
        TECHNOLOGY HARDWARE & EQUIPMENT 1.8%
      MATERIALS 3.9%
      TELECOMMUNICATION SERVICES 3.6%
      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. 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. Emerging markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. There are special risks associated with investments in China, Hong Kong and Taiwan, including exposure to currency fluctuations, less liquidity, expropriation, confiscatory taxation, nationalization and exchange control regulations (including currency blockage), inflation and rapid fluctuations in inflation and interest rates. In addition, investments in Taiwan could be adversely affected by its political and economic relationship with China. Because the Fund invests its assets primarily in companies in a specific region, the Fund is subject to greater risks of adverse developments in that region and/or the surrounding regions than a fund that is more broadly diversified geographically. Political, social or economic disruptions in the region, even in countries in which the Fund is not invested, may adversely affect the value of securities held by the Fund. Also, as a nondiversified investment company investing in "China companies," 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 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 GLOBAL INCOME FUND
AS OF JUNE 30, 2014
TOTAL NET ASSETS: $1,163,383,829
NET ASSET VALUE PER SHARE: $8.67
OUTSTANDING SHARES: 134,144,158
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
 
CASH & CASH EQUIVALENTS 8.8%   WEIGHTED AVG. MATURITY 3.6809 yrs.
DERIVATIVES -0.4%   WEIGHTED AVG. DURATION 2.4206 yrs.
FIXED INCOME 91.6%   WEIGHTED AVG. COUPON 5.2640%
  100.0%      
         


NET CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS  

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
ASIA 24.2%   ASIA 30.8%
  INDIAN RUPEE 3.6%     INDONESIA 2.8%
  INDO RUPIAH 2.8%     MALAYSIA 4.1%
  JAPANESE YEN -24.1%     PHILIPPINES 0.9%
  MALAYSI RINGGIT 15.6%     SINGAPORE 2.2%
  PHILIPPINE PESO 0.9%     SOUTH KOREA 16.7%
  SOUTH KOREAN WON 18.0%     SRI LANKA 3.1%
  SINGAPORE DOLLAR 4.3%     VIETNAM 0.9%
  SRI LANKA RUPEE 3.1%   EUROPE 42.0%
EUROPE -4.7%     HUNGARY 4.7%
  EURO -29.1%     ICELAND 0.3%
  HUNGARY FORINT 1.2%     IRELAND 11.4%
  POLAND ZLOTY 12.9%     LITHUANIA 2.4%
  SWEDISH KRONA 10.3%     POLAND 12.0%
LATIN AMERICA 29.0%     RUSSIA 0.5%
  BRAZILIAN REAL 8.8%     SERBIA 0.6%
  CHILEAN PESO 7.0%     SLOVENIA 1.0%
  MEXICAN PESO 9.6%     SWEDEN 4.1%
  PERU NUEVO SOL 3.6%     UKRAINE 5.0%
NORTH AMERICA 51.4%   LATIN AMERICA 17.3%
  US DOLLAR 51.4%     BRAZIL 8.8%
TOTAL 100.0%     MEXICO 4.9%
        PERU 3.6%
      NORTH AMERICA -0.5%
        UNITED STATES -0.5%
      OTHER 10.3%
        SUPRANATIONAL 1.5%
        CASH 8.8%
        DERIVATIVES 0.1%
      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.

 
 
TEMPLETON RUSSIA AND EAST EUROPEAN FUND, INC.
AS OF JUNE 30, 2014
TOTAL NET ASSETS: $90,682,669
NET ASSET VALUE PER SHARE: $17.01
OUTSTANDING SHARES: 5,329,741
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

TEN LARGEST POSITIONS
PERCENT
OF TOTAL NET ASSETS
CASH & OTHER 2.0%   SBERBANK OF RUSSIA 9.5%
EQUITY* 98.0%   MHP SA 6.3%
  100.0%   GLOBALTRANS INVESTMENT PLC 6.1%
      SOCIETATEA NATIONALA DE GAZE NATURALE ROMGAZ SA
5.9%
      YANDEX NV 5.6%
      DIXY GROUP OJSC 5.4%
      LUKOIL OAO 4.7%
      EURASIA DRILLING CO LTD 4.1%
      GAZPROM OAO 4.1%
      KCELL JSC 3.9%
        55.6%
         

INTERNATIONAL ALLOCATION
PERCENT OF TOTAL NET ASSETS  

INDUSTRY ALLOCATION
PERCENT OF TOTAL NET ASSETS
ASIA 6.7%   CONSUMER DISCRETIONARY 4.0%
  KAZAKHSTAN 6.7%     CONSUMER SERVICES 1.8%
EUROPE 88.3%     RETAILING 2.2%
  CZECH REPUBLIC 0.9%   CONSUMER STAPLES 15.5%
  ESTONIA 1.7%     FOOD & STAPLES RETAILING 9.0%
  GEORGIA 1.6%     FOOD BEVERAGE & TOBACCO 6.5%
  LUXEMBOURG 0.5%   ENERGY 33.0%
  POLAND 2.8%   FINANCIALS 18.1%
  ROMANIA 10.9%     BANKS 14.3%
  RUSSIA 57.9%     REAL ESTATE 3.8%
  TURKEY 5.7%   HEALTH CARE 1.5%
  UKRAINE 6.4%     HEALTH CARE EQUIPMENT & SERVICES 1.5%
MID-EAST/AFRICA 1.1%   INDUSTRIALS 9.4%
  TURKMENISTAN 1.1%     CAPITAL GOODS 0.9%
NORTH AMERICA 4.0%     TRANSPORTATION 8.5%
  UNITED STATES 4.0%   INFORMATION TECHNOLOGY 13.7%
TOTAL EQUITY* 100.0%     SOFTWARE & SERVICES 13.7%
      MATERIALS 0.2%
      TELECOMMUNICATION SERVICES 4.5%
      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 social and political developments 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. Investments in Russian and East European securities involve significant additional risks, including political and social uncertainty (for example, regional conflicts and risk of war), currency exchange rate volatility, pervasiveness of corruption and crime in the Russian and East European economic systems, delays in settling portfolio transactions, and risk of loss arising out of the system of share registration and custody used in Russia and East European countries. Because the Fund invests its assets primarily in companies in a specific region, the Fund is subject to greater risks of adverse developments in that region and/or the surrounding regions than a fund that is more broadly diversified geographically. Political, social or economic disruptions in the region, even in countries in which the Fund is not invested, may adversely affect the value of securities held by the Fund. Also, as a nondiversified investment company investing in Russia and East European countries, the Fund may invest in a relatively small number of issuers and, as a result, be subject to 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 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.

Contact Information

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