SOURCE: Franklin Templeton

Franklin Templeton

October 16, 2015 17:53 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwired - Oct 16, 2015) - 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 September 30, 2015:

  • 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 to retail, institutional and sovereign wealth clients in over 150 countries. Through specialized teams, the company has expertise across all asset classes -- including equity, fixed income, alternative and custom solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and over $770 billion in assets under management as of September 30, 2015. For more information, please visit franklintempleton.com.

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 Report 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 DRAGON FUND, INC.
AS OF SEPTEMBER 30, 2015
TOTAL NET ASSETS: $727,740,838
NET ASSET VALUE PER SHARE: $20.88
OUTSTANDING SHARES: 34,869,716
 
 


ASSET ALLOCATION
PERCENT OF
TOTAL NET
ASSETS
 

TEN LARGEST POSITIONS
PERCENT OF
TOTAL NET
ASSETS
CASH & OTHER 0.2%   DAIRY FARM INTERNATIONAL HOLDINGS LTD 8.8%
EQUITY* 99.8%   TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 7.7%
  100.0%   CHINA PETROLEUM & CHEMICAL CORP (SINOPEC) 5.2%
      CHINA CONSTRUCTION BANK CORP 4.3%
      CHINA MOBILE LTD 3.4%
      TENCENT HOLDINGS LTD 3.2%
      ANTA SPORTS PRODUCTS LTD 2.9%
      DONGFENG MOTOR GROUP CO LTD 2.9%
      CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD 2.7%
      UNI-PRESIDENT CHINA HOLDINGS LTD 2.6%
        43.8%
         

INTERNATIONAL ALLOCATION
PERCENT OF
TOTAL NET
ASSETS
 

INDUSTRY ALLOCATION
PERCENT OF
TOTAL NET
ASSETS
ASIA 100.0%   CONSUMER DISCRETIONARY 10.5%
CHINA 75.5%   AUTOMOBILES & COMPONENTS 6.3%
HONG KONG 15.9%   CONSUMER DURABLES & APPAREL 2.9%
TAIWAN 8.6%   MEDIA 0.2%
TOTAL EQUITY* 100.0%   RETAILING 1.0%
      CONSUMER STAPLES 12.7%
      FOOD & STAPLES RETAILING 9.2%
      FOOD BEVERAGE & TOBACCO 3.5%
      ENERGY 8.9%
      FINANCIALS 40.8%
      BANKS 5.1%
      DIVERSIFIED FINANCIALS 34.1%
      INSURANCE 1.2%
      REAL ESTATE 0.4%
      HEALTH CARE 0.4%
      PHARMACEUTICALS, BIOTECHNOLOGY & LIFESCIENCES 0.4%
      INDUSTRIALS 3.8%
      CAPITAL GOODS 1.8%
      TRANSPORTATION 2.0%
      INFORMATION TECHNOLOGY 13.5%
      SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 7.7%
      SOFTWARE & SERVICES 5.5%
      TECHNOLOGY HARDWARE & EQUIPMENT 0.3%
      MATERIALS 2.4%
      TELECOMMUNICATION SERVICES 3.8%
      UTILITIES 3.3%
      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 SEPTEMBER 30, 2015
TOTAL NET ASSETS: $963,621,767
NET ASSET VALUE PER SHARE: $7.81
OUTSTANDING SHARES: 134,144,158
 
 


ASSET ALLOCATION
PERCENT OF
TOTAL NET
ASSETS
 

PORTFOLIO CHARACTERISTICS
 
CASH & CASH EQUIVALENTS 15.7%   WEIGHTED AVG. MATURITY 3.1977 yrs.
DERIVATIVES -1.4%   WEIGHTED AVG. DURATION 0.4132 yrs.
FIXED INCOME 85.7%   WEIGHTED AVG. COUPON 4.8793%
  100.0%      
         
CURRENCY DISTRIBUTION PERCENT OF
TOTAL NET
ASSETS
  COUNTRY DISTRIBUTION PERCENT OF
TOTAL NET
ASSETS
ASIA 23.4%   ASIA 31.5%
INDIAN RUPEE 6.3%   INDIA 2.4%
INDO RUPIAH 5.2%   INDONESIA 4.2%
JAPANESE YEN -26.8%   MALAYSIA 3.6%
MALAYSI RINGGIT 13.8%   PHILIPPINES 1.1%
PHILIPPINE PESO 1.1%   SINGAPORE 2.3%
SOUTH KOREAN WON 16.5%   SOUTH KOREA 15.2%
SINGAPORE DOLLAR 4.6%   SRI LANKA 2.7%
SRI LANKA RUPEE 2.7%   EUROPE 28.9%
AUSTRALIA/NEW ZEALAND -3.1%   HUNGARY 3.7%
AUSTRALIAN DOLLAR -3.1%   ICELAND 0.4%
EUROPE -27.8%   IRELAND 3.0%
EURO -40.6%   LITHUANIA 1.3%
HUNGARY FORINT 0.7%   POLAND 11.2%
POLAND ZLOTY 12.1%   PORTUGAL 2.9%
LATIN AMERICA 35.0%   REPUBLIC OF SERBIA 0.7%
BRAZILIAN REAL 7.0%   SLOVENIA 1.2%
CHILEAN PESO 6.7%   UKRAINE 4.6%
MEXICAN PESO 18.1%   LATIN AMERICA 23.9%
PERU NUEVO SOL 3.2%   BRAZIL 7.0%
NORTH AMERICA 72.6%   MEXICO 13.7%
US DOLLAR 72.6%   PERU 3.2%
TOTAL 100.0%   NORTH AMERICA -0.3%
      UNITED STATES -0.3%
      OTHER 15.9%
      CASH 15.7%
      DERIVATIVES -1.1%
      SUPRANATIONAL 1.3%
      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 markets for particular securities or types of securities are or may become relatively illiquid. Reduced liquidity will have an adverse impact on the security's value and on the Fund's ability to sell such securities when necessary to meet the Fund's liquidity needs or in response to a specific market event. 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 SEPTEMBER 30, 2015
TOTAL NET ASSETS: $52,762,837
NET ASSET VALUE PER SHARE: $10.18
OUTSTANDING SHARES: 5,183,357
 
 


ASSET ALLOCATION
PERCENT OF
TOTAL NET
ASSETS
 

TEN LARGEST POSITIONS
PERCENT OF
TOTAL NET
ASSETS
CASH & OTHER 25.6%   SOCIETATEA NATIONALA DE GAZE NATURALE ROMGAZ SA 7.1%
EQUITY* 74.4%   SBERBANK OF RUSSIA 6.8%
  100.0%   LUKOIL PJSC 6.2%
      MAGNIT PJSC 5.0%
      NOVOROSSIYSK COMMERCIAL SEA PORT PJSC 4.5%
      PHOSAGRO OAO 4.1%
      BASHNEFT OAO 4.1%
      TRANSGAZ SA MEDIAS 3.8%
      DIXY GROUP PJSC 3.7%
      MMC NORILSK NICKEL PJSC 3.4%
        48.7%
         


INTERNATIONAL ALLOCATION
PERCENT OF
TOTAL NET
ASSETS
 

INDUSTRY ALLOCATION
PERCENT OF
TOTAL NET
ASSETS
ASIA 3.0%   CONSUMER DISCRETIONARY 4.0%
KAZAKHSTAN 3.0%   CONSUMER SERVICES 2.7%
EUROPE 97.0%   RETAILING 1.2%
CZECH REPUBLIC 1.2%   CONSUMER STAPLES 15.2%
ESTONIA 1.5%   FOOD & STAPLES RETAILING 15.2%
POLAND 1.6%   ENERGY 32.6%
ROMANIA 18.0%   FINANCIALS 9.1%
RUSSIA 74.6%   BANKS 9.1%
TOTAL EQUITY* 100.0%   HEALTH CARE 1.6%
      HEALTH CARE EQUIPMENT & SERVICES 1.6%
      INDUSTRIALS 11.6%
      TRANSPORTATION 11.6%
      INFORMATION TECHNOLOGY 2.8%
      SOFTWARE & SERVICES 2.8%
      MATERIALS 18.2%
      TELECOMMUNICATION SERVICES 4.9%
      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. The U.S. and other nations have imposed and could impose additional sanctions on certain issuers in Russia due to regional conflicts. These sanctions could result in the devaluation of Russia's currency, a downgrade in Russian issuers' credit ratings, or a decline in the value and liquidity of Russian stocks or other securities. The Fund may be prohibited from investing in securities issued by companies subject to such sanctions. In addition, if the Fund holds the securities of an issuer that is subject to such sanctions, an immediate freeze of that issuer's securities could result, impairing the ability of the Fund to buy, sell, receive or deliver those securities. There is also the risk that countermeasures could be taken by Russia's government, which could involve the seizure of the Fund's assets. Such sanctions could adversely affect Russia's economy, possibly forcing the economy into a recession. These risks could impair the Fund's ability to meet its investment objective. 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, may 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