Welcome!

News Feed Item

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL -- (Marketwired) -- 04/17/14 -- 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 March 31, 2014:

  • 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 $886 billion in assets under management as of March 31, 2014. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

This press release contains statistical data regarding the Funds' portfolios. The Funds' complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Funds' 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 Funds' 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, 2014
                       TOTAL NET ASSETS: $984,504,452
                      NET ASSET VALUE PER SHARE: $27.64
                       OUTSTANDING SHARES: 35,600,216

                PERCENT OF                                       PERCENT OF
ASSET            TOTAL NET                                       TOTAL NET
ALLOCATION        ASSETS    TEN LARGEST POSITIONS                  ASSETS
--------------------------  ------------------------------------------------
CASH & OTHER          3.8%  DAIRY FARM INTERNATIONAL HOLDINGS
                            LTD                                        15.3%
EQUITY*              96.2%  CHINA PETROLEUM & CHEMICAL CORP
                            (SINOPEC)                                  10.4%
                ----------
                            TAIWAN SEMICONDUCTOR MANUFACTURING
                    100.0%  CO LTD                                      6.2%
                            PETROCHINA CO LTD                           5.4%
                            CNOOC LTD                                   4.7%
                            CHINA MOBILE LTD                            3.8%
                            CHINA CONSTRUCTION BANK                     3.4%
                            GREAT WALL MOTOR COMPANY LTD                2.6%
                            CHEUNG KONG INFRASTRUCTURE
                            HOLDINGS LTD                                2.4%
                            BANK OF CHINA LTD                           2.3%
                                                               -------------
                                                                       56.5%

                  PERCENT OF                                     PERCENT OF
INTERNATIONAL     TOTAL NET                                      TOTAL NET
ALLOCATION          ASSETS     INDUSTRY ALLOCATION                 ASSETS
-----------------------------  ---------------------------------------------
ASIA                   100.0%  CONSUMER DISCRETIONARY                  11.9%
-----------------------------  ---------------------------------------------
  CHINA                 64.2%    AUTOMOBILES & COMPONENTS               8.4%
  HONG KONG             23.8%    CONSUMER DURABLES & APPAREL            1.3%
  TAIWAN                11.9%    CONSUMER SERVICES                      0.6%
-----------------------------
TOTAL EQUITY*          100.0%    MEDIA                                  0.2%
-----------------------------
                                 RETAILING                              1.4%
                               ---------------------------------------------
                               CONSUMER STAPLES                        19.6%
                               ---------------------------------------------
                                 FOOD & STAPLES RETAILING              18.0%
                                 FOOD BEVERAGE & TOBACCO                1.6%
                               ---------------------------------------------
                               ENERGY                                  24.5%
                               ---------------------------------------------
                               FINANCIALS                              11.7%
                               ---------------------------------------------
                                 BANKS                                  8.9%
                                 INSURANCE                              0.8%
                                 REAL ESTATE                            2.0%
                               ---------------------------------------------
                               HEALTH CARE                              0.5%
                               ---------------------------------------------
                                 PHARMACEUTICALS,
                                 BIOTECHNOLOGY &
                                 LIFE SCIENCES                          0.5%
                               ---------------------------------------------
                               INDUSTRIALS                              5.6%
                               ---------------------------------------------
                                 CAPITAL GOODS                          3.9%
                                 TRANSPORTATION                         1.7%
                               ---------------------------------------------
                               INFORMATION TECHNOLOGY                  11.4%
                               ---------------------------------------------
                                 SEMICONDUCTORS &
                                 SEMICONDUCTOR EQUIPMENT                7.9%
                                 SOFTWARE & SERVICES                    1.5%
                                 TECHNOLOGY HARDWARE &
                                 EQUIPMENT                              1.9%
                               ---------------------------------------------
                               MATERIALS                                6.2%
                               ---------------------------------------------
                               TELECOMMUNICATION SERVICES               4.9%
                               ---------------------------------------------
                               UTILITIES                                3.7%
                               ---------------------------------------------
                               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, 2014
                      TOTAL NET ASSETS: $1,137,012,785
                      NET ASSET VALUE PER SHARE: $8.48
                       OUTSTANDING SHARES: 134,144,158

                          PERCENT OF
                          TOTAL NET
ASSET ALLOCATION            ASSETS     PORTFOLIO CHARACTERISTICS
-------------------------------------  -------------------------------------
CASH & CASH EQUIVALENTS          8.2%  WEIGHTED AVG. MATURITY  3.6310 yrs.
DERIVATIVES                     -0.4%  WEIGHTED AVG. DURATION  2.3151 yrs.
FIXED INCOME                    92.1%  WEIGHTED AVG. COUPON    5.4211%
                        -------------
                               100.0%

                          PERCENT OF                             PERCENT OF
NET CURRENCY              TOTAL NET                              TOTAL NET
DISTRIBUTION                ASSETS     COUNTRY DISTRIBUTION        ASSETS
-------------------------------------  -------------------------------------
ASIA                            27.5%  ASIA                            31.2%
-------------------------------------  -------------------------------------
  INDIAN RUPEE                   3.6%    INDONESIA                      3.1%
  INDO RUPIAH                    3.1%    MALAYSIA                       4.4%
  JAPANESE YEN                 -21.2%    PHILIPPINES                    1.0%
  MALAYSI RINGGIT               16.0%    SINGAPORE                      2.2%
  PHILIPPINE PESO                1.0%    SOUTH KOREA                   16.5%
  SOUTH KOREAN WON              17.5%    SRI LANKA                      3.1%
  SINGAPORE DOLLAR               4.4%    VIETNAM                        0.9%
                                       -------------------------------------
  SRI LANKA RUPEE                3.1%  EUROPE                          42.6%
-------------------------------------  -------------------------------------
EUROPE                          -4.6%    HUNGARY                        4.7%
-------------------------------------
  EURO                         -31.6%    ICELAND                        0.3%
  HUNGARY FORINT                 1.2%    IRELAND                       11.2%
  POLAND ZLOTY                  13.4%    LITHUANIA                      2.5%
  SWEDISH KRONA                 12.5%    POLAND                        12.4%
-------------------------------------
LATIN AMERICA                   28.7%    RUSSIA                         0.5%
-------------------------------------
  BRAZILIAN REAL                 8.4%    SERBIA                         0.6%
  CHILEAN PESO                   7.2%    SLOVENIA                       1.0%
  MEXICAN PESO                   9.6%    SWEDEN                         4.5%
  PERU NUEVO SOL                 3.5%    UKRAINE                        4.9%
-------------------------------------  -------------------------------------
NORTH AMERICA                   48.4%  LATIN AMERICA                   16.8%
-------------------------------------  -------------------------------------
  US DOLLAR                     48.4%    BRAZIL                         8.4%
-------------------------------------
TOTAL                          100.0%    MEXICO                         4.9%
-------------------------------------
                                         PERU                           3.5%
                                       -------------------------------------
                                       NORTH AMERICA                   -0.3%
                                       -------------------------------------
                                         UNITED STATES                 -0.3%
                                       -------------------------------------
                                       OTHER                            9.6%
                                       -------------------------------------
                                         SUPRANATIONAL                  1.4%
                                         CASH                           8.2%
                                       -------------------------------------
                                       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 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 MARCH 31, 2014
                        TOTAL NET ASSETS: $81,005,763
                      NET ASSET VALUE PER SHARE: $14.76
                        OUTSTANDING SHARES: 5,490,113

                  PERCENT OF                                     PERCENT OF
                  TOTAL NET                                      TOTAL NET
ASSET ALLOCATION    ASSETS    TEN LARGEST POSITIONS                ASSETS
----------------------------  ----------------------------------------------
CASH & OTHER           10.5%  SBERBANK OF RUSSIA                       10.2%
EQUITY*                89.5%  GLOBALTRANS INVESTMENT PLC                7.1%
                 -----------
                      100.0%  MHP SA                                    6.2%
                              SOCIETATEA NATIONALA DE GAZE
                              NATURALE ROMGAZ SA                        6.2%
                              LUKOIL OAO                                4.9%
                              KCELL JSC                                 4.8%
                              GAZPROM OAO                               4.5%
                              DIXIE GROUP OJSC                          3.9%
                              ETALON GROUP LTD                          3.3%
                              YANDEX NV                                 3.0%
                                                               -------------
                                                                       54.2%

                  PERCENT OF                                     PERCENT OF
INTERNATIONAL     TOTAL NET                                      TOTAL NET
ALLOCATION          ASSETS    INDUSTRY ALLOCATION                  ASSETS
----------------------------  ----------------------------------------------
ASIA                    8.1%  CONSUMER DISCRETIONARY                    4.6%
----------------------------  ----------------------------------------------
 KAZAKHSTAN             8.1%   CONSUMER SERVICES                        2.3%
----------------------------
EUROPE                 90.7%   RETAILING                                2.3%
----------------------------  ----------------------------------------------
 CZECH REPUBLIC         1.2%  CONSUMER STAPLES                         15.9%
                              ----------------------------------------------
 ESTONIA                2.1%   FOOD & STAPLES RETAILING                 7.5%
 POLAND                 8.5%   FOOD BEVERAGE & TOBACCO                  8.5%
                              ----------------------------------------------
 ROMANIA               12.3%  ENERGY                                   32.7%
                              ----------------------------------------------
 RUSSIA                51.7%  FINANCIALS                               23.0%
                              ----------------------------------------------
 TURKEY                 8.0%   BANKS                                   17.1%
 UKRAINE                6.9%   DIVERSIFIED FINANCIALS                   2.2%
----------------------------
MID-EAST/AFRICA         1.2%   REAL ESTATE                              3.7%
----------------------------  ----------------------------------------------
 TURKMENISTAN           1.2%  HEALTH CARE                               2.2%
----------------------------  ----------------------------------------------
TOTAL EQUITY*         100.0%   HEALTH CARE EQUIPMENT &
                               SERVICES                                 2.1%
----------------------------
                               PHARMACEUTICALS, BIOTECHNOLOGY
                               &
                               LIFE SCIENCES                            0.1%
                              ----------------------------------------------
                              INDUSTRIALS                               8.9%
                              ----------------------------------------------
                               CAPITAL GOODS                            1.0%
                               TRANSPORTATION                           8.0%
                              ----------------------------------------------
                              INFORMATION TECHNOLOGY                    7.2%
                              ----------------------------------------------
                               SOFTWARE & SERVICES                      6.6%
                               TECHNOLOGY HARDWARE & EQUIPMENT          0.6%
                              ----------------------------------------------
                              MATERIALS                                 0.2%
                              ----------------------------------------------
                              TELECOMMUNICATION SERVICES                5.4%
                              ----------------------------------------------
                              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. 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, 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.

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
SYS-CON Events announced today that Evatronix will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Evatronix SA offers comprehensive solutions in the design and implementation of electronic systems, in CAD / CAM deployment, and also is a designer and manufacturer of advanced 3D scanners for professional applications.
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone inn...
As many know, the first generation of Cloud Management Platform (CMP) solutions were designed for managing virtual infrastructure (IaaS) and traditional applications. But that's no longer enough to satisfy evolving and complex business requirements. In his session at 21st Cloud Expo, Scott Davis, Embotics CTO, explored how next-generation CMPs ensure organizations can manage cloud-native and microservice-based application architectures, while also facilitating agile DevOps methodology. He expla...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
DevOps promotes continuous improvement through a culture of collaboration. But in real terms, how do you: Integrate activities across diverse teams and services? Make objective decisions with system-wide visibility? Use feedback loops to enable learning and improvement? With technology insights and real-world examples, in his general session at @DevOpsSummit, at 21st Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, explored how leading organizations use data-driven DevOps to close th...
Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams. In his session at 22nd Cloud Expo | DXWorld Expo, Daniel Jones, CTO of EngineerBetter, will answer: How can we improve willpower and decrease technical debt? Is the present bias real? How can we turn it to our advantage? Can you increase a team’s effective IQ? How do DevOps & Product Teams increase empathy, and what impact does empath...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
You know you need the cloud, but you're hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You're looking at private cloud solutions based on hyperconverged infrastructure, but you're concerned with the limits inherent in those technologies. What do you do?
Sanjeev Sharma Joins June 5-7, 2018 @DevOpsSummit at @Cloud Expo New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning 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 busin...