SOURCE: Franklin Templeton

Franklin Templeton

July 18, 2016 15:45 ET

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL--(Marketwired - Jul 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 June 30, 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 $732 billion in assets under management as of June 30, 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 JUNE 30, 2016
TOTAL NET ASSETS: $696,350,460.47
NET ASSET VALUE PER SHARE: $20.11
OUTSTANDING SHARES: 34,624,210
 
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

TEN LARGEST POSITIONS
PERCENT OF TOTAL NET ASSETS
CASH & OTHER 1.6%   TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 9.1%
EQUITY* 98.4%   CHINA PETROLEUM & CHEMICAL CORP 6.5%
  100.0%   TENCENT HOLDINGS LTD 6.3%
      DAIRY FARM INTERNATIONAL HOLDINGS LTD 6.2%
      CHINA CONSTRUCTION BANK CORP 4.1%
      NINE DRAGONS PAPER HOLDINGS LTD 3.4%
      CHINA MOBILE LTD 3.2%
      AIA GROUP LTD 3.1%
      UNI-PRESIDENT CHINA HOLDINGS LTD 2.6%
      INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD 2.5%
        47.0%
         

INTERNATIONAL ALLOCATION
PERCENT OF TOTAL NET ASSETS  

INDUSTRY ALLOCATION
PERCENT OF TOTAL NET ASSETS
ASIA 100.0%   CONSUMER DISCRETIONARY 10.8%
  CHINA 74.5%     AUTOMOBILES & COMPONENTS 5.9%
  HONG KONG 15.1%     CONSUMER DURABLES & APPAREL 3.1%
  TAIWAN 10.4%     MEDIA 0.3%
TOTAL EQUITY* 100.0%     RETAILING 1.5%
      CONSUMER STAPLES 9.9%
        FOOD & STAPLES RETAILING 6.7%
        FOOD BEVERAGE & TOBACCO 3.2%
      ENERGY 9.4%
      FINANCIALS 33.8%
        BANKS 5.2%
        DIVERSIFIED FINANCIALS 24.5%
        INSURANCE 3.8%
        REAL ESTATE 0.4%
      HEALTH CARE 0.5%
        PHARMACEUTICALS, BIOTECHNOLOGY & LIFESCIENCES 0.5%
      INDUSTRIALS 3.8%
        CAPITAL GOODS 1.6%
        TRANSPORTATION 2.2%
      INFORMATION TECHNOLOGY 20.5%
        SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT 9.2%
        SOFTWARE & SERVICES 11.1%
        TECHNOLOGY HARDWARE & EQUIPMENT 0.2%
      MATERIALS 4.5%
      TELECOMMUNICATION SERVICES 3.4%
      UTILITIES 3.4%
      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 non-diversified 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, 2016
TOTAL NET ASSETS: $957,766,454
NET ASSET VALUE PER SHARE: $7.14
OUTSTANDING SHARES: 134,144,158
 
 


ASSET ALLOCATION
PERCENT OF TOTAL NET ASSETS  

PORTFOLIO CHARACTERISTICS
 
CASH & CASH EQUIVALENTS 20.8%   WEIGHTED AVG. MATURITY 4.1115 yrs.
DERIVATIVES -4.5%   WEIGHTED AVG. DURATION 1.1112 yrs.
FIXED INCOME 83.6%   WEIGHTED AVG. COUPON 5.7092%
  100.0%      
         
         


CURRENCY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS  

COUNTRY DISTRIBUTION
PERCENT OF TOTAL NET ASSETS
NORTH AMERICA 91.3%   EUROPE 13.1%
  US DOLLAR 91.3%     LITHUANIA 0.9%
EUROPE -37.3%     POLAND 4.2%
  EURO -41.5%     PORTUGAL 2.7%
  POLAND ZLOTY 4.2%     SLOVENIA 0.2%
ASIA 6.4%     UKRAINE 5.1%
  INDIAN RUPEE 8.5%   ASIA 33.5%
  INDO RUPIAH 10.3%     INDIA 4.7%
  JAPANESE YEN -31.3%     INDONESIA 9.2%
  MALAYSI RINGGIT 15.2%     MALAYSIA 4.0%
  PHILIPPINE PESO 2.0%     PHILIPPINES 2.0%
  SOUTH KOREAN WON -0.2%     SOUTH KOREA 11.7%
  SRI LANKA RUPEE 1.9%     SRI LANKA 1.9%
AUSTRALIA/NEW ZEALAND -8.7%   LATIN AMERICA 35.9%
  AUSTRALIAN DOLLAR -8.7%     BRAZIL 15.1%
LATIN AMERICA 48.3%     COLOMBIA 2.2%
  BRAZILIAN REAL 15.1%     MEXICO 15.3%
  CHILEAN PESO 7.0%     PERU 3.3%
  COLOMBIAN PESO 2.2%   OTHER 17.5%
  MEXICAN PESO 20.7%     CASH 20.8%
  PERU NUEVO SOL 3.3%     DERIVATIVES -4.5%
TOTAL 100.0%     SUPRANATIONAL 1.2%
      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. 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 non-diversified 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