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
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
On Dice.com, the number of job postings asking for skill in Amazon Web Services increased 76 percent between June 2015 and June 2016. Salesforce.com saw its own skill mentions increase 37 percent, while DevOps and Cloud rose 35 percent and 28 percent, respectively. Even as they expand their presence in the cloud, companies are also looking for tech professionals who can manage projects, crunch data, and figure out how to make systems run more autonomously. Mentions of ‘data science’ as a skill ...
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
In addition to all the benefits, IoT is also bringing new kind of customer experience challenges - cars that unlock themselves, thermostats turning houses into saunas and baby video monitors broadcasting over the internet. This list can only increase because while IoT services should be intuitive and simple to use, the delivery ecosystem is a myriad of potential problems as IoT explodes complexity. So finding a performance issue is like finding the proverbial needle in the haystack.
UpGuard has become a member of the Center for Internet Security (CIS), and will continue to help businesses expand visibility into their cyber risk by providing hardening benchmarks to all customers. By incorporating these benchmarks, UpGuard's CSTAR solution builds on its lead in providing the most complete assessment of both internal and external cyber risk. CIS benchmarks are a widely accepted set of hardening guidelines that have been publicly available for years. Numerous solutions exist t...
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
There will be new vendors providing applications, middleware, and connected devices to support the thriving IoT ecosystem. This essentially means that electronic device manufacturers will also be in the software business. Many will be new to building embedded software or robust software. This creates an increased importance on software quality, particularly within the Industrial Internet of Things where business-critical applications are becoming dependent on products controlled by software. Qua...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
In his session at Cloud Expo, Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, will provide economic scenarios that describe how the rapid adoption of software-defined everything including cloud services, SDDC and open networking will change GDP, industry growth, productivity and jobs. This session will also include a drill down for several industries such as finance, social media, cloud service providers and pharmaceuticals.
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...