Welcome!

News Feed Item

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL -- (Marketwired) -- 01/21/14 -- 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

                         PERCENT OF                              PERCENT OF
                          TOTAL NET                               TOTAL NET
ASSET ALLOCATION           ASSETS      TEN LARGEST POSITIONS       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%

                       PERCENT OF                                PERCENT OF
INTERNATIONAL           TOTAL NET                                 TOTAL NET
 ALLOCATION              ASSETS      INDUSTRY ALLOCATION           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

                          PERCENT OF
                           TOTAL NET
ASSET ALLOCATION            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%


                        PERCENT OF                               PERCENT OF
NET CURRENCY             TOTAL NET                                TOTAL NET
 DISTRIBUTION             ASSETS      COUNTRY DISTRIBUTION         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

                         PERCENT OF                                PERCENT
                          TOTAL NET                                OF TOTAL
ASSET ALLOCATION           ASSETS     TEN LARGEST POSITIONS       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%

                        PERCENT OF                               PERCENT OF
                         TOTAL NET                                TOTAL NET
INTERNATIONAL ALLOCATION  ASSETS      INDUSTRY ALLOCATION          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.

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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
With an estimated 50 billion devices connected to the Internet by 2020, several industries will begin to expand their capabilities for retaining end point data at the edge to better utilize the range of data types and sheer volume of M2M data generated by the Internet of Things. In his session at @ThingsExpo, Don DeLoach, CEO and President of Infobright, will discuss the infrastructures businesses will need to implement to handle this explosion of data by providing specific use cases for filte...
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies adopt disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advanced analytics, and DevO...
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.