SOURCE: Franklin Templeton

Franklin Templeton

April 18, 2016 11:40 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwired - Apr 18, 2016) - 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, 2016:

  • 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)

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 180 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 $742 billion in assets under management as of March 31, 2016. 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 MARCH 31, 2016
TOTAL NET ASSETS: $687,717,874
NET ASSET VALUE PER SHARE: $19.81
OUTSTANDING SHARES: 34,681,350
 
             


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS  

TEN LARGEST POSITIONS
  PERCENT OF TOTAL NET ASSETS
CASH & OTHER   0.6%   TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD   9.2%
EQUITY*   99.4%   DAIRY FARM INTERNATIONAL HOLDINGS LTD   6.6%
    100.0%   CHINA PETROLEUM & CHEMICAL CORP (SINOPEC)   6.0%
        TENCENT HOLDINGS LTD   5.7%
        CHINA CONSTRUCTION BANK CORP   4.2%
        CHINA MOBILE LTD   3.1%
        CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD   3.1%
        DONGFENG MOTOR GROUP CO LTD   3.0%
        NINE DRAGONS PAPER HOLDINGS LTD   2.8%
        ANTA SPORTS PRODUCTS LTD   2.6%
            46.3%
             

INTERNATIONAL ALLOCATION
  PERCENT OF TOTAL NET ASSETS  

INDUSTRY ALLOCATION
  PERCENT OF TOTAL NET ASSETS
ASIA   99.4%   CONSUMER DISCRETIONARY   11.4%
  CHINA   74.7%     AUTOMOBILES & COMPONENTS   6.8%
  HONG KONG   15.0%     CONSUMER DURABLES & APPAREL   2.8%
  TAIWAN   9.7%     MEDIA   0.3%
NORTH AMERICA   0.6%     RETAILING   1.4%
  UNITED STATES   0.6%   CONSUMER STAPLES   10.0%
TOTAL EQUITY*   100.0%     FOOD & STAPLES RETAILING   6.9%
          FOOD BEVERAGE & TOBACCO   3.1%
        ENERGY   8.7%
        FINANCIALS   35.1%
          BANKS   5.2%
          DIVERSIFIED FINANCIALS   27.4%
          INSURANCE   2.0%
          REAL ESTATE   0.4%
        HEALTH CARE   0.4%
          PHARMACEUTICALS, BIOTECHNOLOGY & LIFESCIENCES   0.4%
        INDUSTRIALS   4.4%
          CAPITAL GOODS   1.7%
          TRANSPORTATION   2.7%
        INFORMATION TECHNOLOGY   19.3%
          SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT   9.2%
          SOFTWARE & SERVICES   10.1%
        MATERIALS   3.4%
        TELECOMMUNICATION SERVICES   3.4%
        UTILITIES   3.8%
        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 MARCH 31, 2016
TOTAL NET ASSETS: $965,984,432
NET ASSET VALUE PER SHARE: $7.20
OUTSTANDING SHARES: 134,144,158
 
             


ASSET ALLOCATION
  PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
   
CASH & CASH EQUIVALENTS   20.7%   WEIGHTED AVG. MATURITY   3.8695 yrs.
DERIVATIVES   -3.2%   WEIGHTED AVG. DURATION   0.9529 yrs.
FIXED INCOME   82.4%   WEIGHTED AVG. COUPON   5.3935%
    100.0%        
             


CURRENCY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS  

COUNTRY DISTRIBUTION
  PERCENT OF TOTAL NET ASSETS
NORTH AMERICA   93.8%   NORTH AMERICA   -1.0%
  US DOLLAR   93.8%     UNITED STATES   -1.0%
EUROPE   -37.8%   EUROPE   16.3%
  EURO   -42.2%     HUNGARY   2.4%
  POLAND ZLOTY   4.4%     LITHUANIA   0.9%
ASIA   7.6%     POLAND   4.4%
  INDIAN RUPEE   8.4%     PORTUGAL   2.7%
  INDO RUPIAH   10.8%     REPUBLIC OF SERBIA   0.6%
  JAPANESE YEN   -28.5%     SLOVENIA   0.7%
  MALAYSI RINGGIT   15.5%     UKRAINE   4.7%
  PHILIPPINE PESO   1.1%   ASIA   33.2%
  SOUTH KOREAN WON   -1.5%     INDIA   4.5%
  SRI LANKA RUPEE   1.8%     INDONESIA   9.6%
AUSTRALIA/NEW ZEALAND   -8.8%     MALAYSIA   4.1%
  AUSTRALIAN DOLLAR   -8.8%     PHILIPPINES   1.1%
LATIN AMERICA   45.2%     SOUTH KOREA   12.1%
  BRAZILIAN REAL   13.4%     SRI LANKA   1.8%
  CHILEAN PESO   7.0%   LATIN AMERICA   32.6%
  COLOMBIAN PESO   0.3%     BRAZIL   13.4%
  MEXICAN PESO   21.3%     COLOMBIA   0.3%
  PERU NUEVO SOL   3.2%     MEXICO   15.6%
TOTAL   100.0%     PERU   3.2%
        OTHER   18.9%
          CASH   20.7%
          DERIVATIVES   -3.2%
          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.

Contact Information

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