Welcome!

News Feed Item

Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL -- (Marketwired) -- 10/22/14 -- 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 September 30, 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 to retail, institutional and sovereign wealth clients in over 150 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 approximately $898 billion in assets under management as of September 30, 2014. For more information, please 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 SEPTEMBER 30, 2014
                      TOTAL NET ASSETS: $1,003,521,738
                      NET ASSET VALUE PER SHARE: $28.53
                       OUTSTANDING SHARES: 35,177,111

                PERCENT                                              PERCENT
                OF TOTAL                                            OF TOTAL
ASSET             NET                                                  NET
 ALLOCATION      ASSETS  TEN LARGEST POSITIONS                       ASSETS
------------------------ ---------------------------------------------------
CASH & OTHER        2.5% DAIRY FARM INTERNATIONAL HOLDINGS LTD         12.5%
EQUITY*            97.5% CHINA PETROLEUM & CHEMICAL CORP (SINOPEC)      7.4%
               ---------
                  100.0% TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD      6.1%
                         PETROCHINA CO LTD                              4.8%
                         CNOOC LTD                                      4.1%
                         CHINA MOBILE LTD                               3.6%
                         CHINA CONSTRUCTION BANK CORP                   3.6%
                         DONGFENG MOTOR GROUP CO LTD                    2.9%
                         INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD    2.3%
                         CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD        2.2%
                                                                    --------
                                                                       49.5%

                  PERCENT                                           PERCENT
                  OF TOTAL                                          OF TOTAL
INTERNATIONAL       NET                                               NET
ALLOCATION         ASSETS  INDUSTRY ALLOCATION                       ASSETS
-------------------------- -------------------------------------------------
ASIA                 80.9% CONSUMER DISCRETIONARY                       9.8%
-------------------------- -------------------------------------------------
  CHINA              51.9%   AUTOMOBILES & COMPONENTS                   6.4%
  HONG KONG          20.3%   CONSUMER DURABLES & APPAREL                1.7%
  TAIWAN              8.6%   CONSUMER SERVICES                          0.4%
--------------------------
LATIN AMERICA        19.1%   MEDIA                                      0.2%
--------------------------
  CAYMAN ISLANDS     19.1%   RETAILING                                  1.1%
-------------------------- -------------------------------------------------
TOTAL EQUITY*       100.0% CONSUMER STAPLES                            17.0%
-------------------------- -------------------------------------------------
                             FOOD & STAPLES RETAILING                  14.4%
                             FOOD BEVERAGE & TOBACCO                    2.5%
                             HOUSEHOLD & PERSONAL PRODUCTS              0.1%
                           -------------------------------------------------
                           ENERGY                                      17.6%
                           -------------------------------------------------
                           FINANCIALS                                  27.5%
                           -------------------------------------------------
                             BANKS                                      6.5%
                             DIVERSIFIED FINANCIALS                    19.1%
                             INSURANCE                                  0.8%
                             REAL ESTATE                                1.1%
                           -------------------------------------------------
                           HEALTH CARE                                  0.4%
                           -------------------------------------------------
                             PHARMACEUTICALS, BIOTECHNOLOGY &
                             LIFE SCIENCES                              0.4%
                           -------------------------------------------------
                           INDUSTRIALS                                  4.6%
                           -------------------------------------------------
                             CAPITAL GOODS                              2.6%
                             TRANSPORTATION                             2.0%
                           -------------------------------------------------
                           INFORMATION TECHNOLOGY                      11.2%
                           -------------------------------------------------
                             SEMICONDUCTORS & SEMICONDUCTOR
                             EQUIPMENT                                  7.8%
                             SOFTWARE & SERVICES                        2.3%
                             TECHNOLOGY HARDWARE & EQUIPMENT            1.1%
                           -------------------------------------------------
                           MATERIALS                                    4.2%
                           -------------------------------------------------
                           TELECOMMUNICATION SERVICES                   4.4%
                           -------------------------------------------------
                           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 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 SEPTEMBER 30, 2014
                      TOTAL NET ASSETS: $1,151,215,287
                      NET ASSET VALUE PER SHARE: $8.58
                       OUTSTANDING SHARES: 134,144,158

                  PERCENT OF
                  TOTAL NET
ASSET ALLOCATION    ASSETS   PORTFOLIO CHARACTERISTICS
---------------------------- -----------------------------------------------
CASH & CASH
EQUIVALENTS             8.6% WEIGHTED AVG. MATURITY              4.1810 yrs.
DERIVATIVES             3.1% WEIGHTED AVG. DURATION              2.7286 yrs.
FIXED INCOME           88.3% WEIGHTED AVG. COUPON                5.1315%
                 -----------
                      100.0%


                  PERCENT OF                                      PERCENT OF
NET CURRENCY      TOTAL NET                                       TOTAL NET
DISTRIBUTION        ASSETS   COUNTRY DISTRIBUTION                   ASSETS
---------------------------- -----------------------------------------------
ASIA                   24.8% ASIA                                      30.2%
---------------------------- -----------------------------------------------
  INDIAN RUPEE          5.5%   INDIA                                    2.0%
  INDO RUPIAH           2.8%   INDONESIA                                2.8%
  JAPANESE YEN        -22.6%   MALAYSIA                                 4.0%
  MALAYSI RINGGIT      15.3%   PHILIPPINES                              0.9%
  PHILIPPINE PESO       0.9%   SINGAPORE                                1.8%
  SOUTH KOREAN
  WON                  15.6%   SOUTH KOREA                             14.3%
  SINGAPORE
  DOLLAR                4.0%   SRI LANKA                                3.4%
  SRI LANKA RUPEE       3.4%   VIETNAM                                  0.9%
---------------------------- -----------------------------------------------
EUROPE                 -6.2% EUROPE                                    39.5%
---------------------------- -----------------------------------------------
  EURO                -28.9%   HUNGARY                                  4.4%
  HUNGARY FORINT        1.1%   ICELAND                                  0.3%
  POLAND ZLOTY         12.1%   IRELAND                                  8.5%
  SWEDISH KRONA         9.5%   LITHUANIA                                2.4%
----------------------------
LATIN AMERICA          28.3%   POLAND                                  11.3%
----------------------------
  BRAZILIAN REAL        8.9%   PORTUGAL                                 2.5%
  CHILEAN PESO          6.5%   RUSSIA                                   0.4%
  MEXICAN PESO          9.4%   SERBIA                                   0.6%
  PERU NUEVO SOL        3.4%   SLOVENIA                                 1.0%
----------------------------
NORTH AMERICA          53.1%   SWEDEN                                   3.7%
----------------------------
  US DOLLAR            53.1%   UKRAINE                                  4.3%
---------------------------- -----------------------------------------------
TOTAL                 100.0% LATIN AMERICA                             17.1%
---------------------------- -----------------------------------------------
                               BRAZIL                                   8.9%
                               MEXICO                                   4.8%
                               PERU                                     3.4%
                             -----------------------------------------------
                             NORTH AMERICA                             -0.5%
                             -----------------------------------------------
                               UNITED STATES                           -0.5%
                             -----------------------------------------------
                             OTHER                                     13.7%
                             -----------------------------------------------
                               SUPRANATIONAL                            1.4%
                               CASH                                     8.6%
                               DERIVATIVES                              3.6%
                             -----------------------------------------------
                             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 SEPTEMBER 30, 2014
                        TOTAL NET ASSETS: $75,471,683
                      NET ASSET VALUE PER SHARE: $14.33
                        OUTSTANDING SHARES: 5,266,842

                 PERCENT OF                                        PERCENT
                 TOTAL NET                                         OF TOTAL
ASSET ALLOCATION   ASSETS   TEN LARGEST POSITIONS                 NET ASSETS
--------------------------- ------------------------------------------------
CASH & OTHER           4.3% SBERBANK OF RUSSIA                          8.7%
                            SOCIETATEA NATIONALA DE GAZE NATURALE
EQUITY*               95.7% ROMGAZ SA                                   6.7%
                -----------
                     100.0% LUKOIL OAO                                  6.5%
                            MHP SA                                      6.0%
                            DIXY GROUP OJSC                             5.8%
                            GLOBALTRANS INVESTMENT PLC                  5.3%
                            YANDEX NV                                   5.3%
                            KCELL JSC                                   4.4%
                            MAIL RU GROUP LTD                           4.4%
                            MAGNIT OJSC                                 3.8%
                                                                 -----------
                                                                       56.9%

                 PERCENT OF                                       PERCENT OF
INTERNATIONAL    TOTAL NET                                        TOTAL NET
ALLOCATION         ASSETS   INDUSTRY ALLOCATION                     ASSETS
--------------------------- ------------------------------------------------
ASIA                   7.8% CONSUMER DISCRETIONARY                      3.9%
--------------------------- ------------------------------------------------
  KAZAKHSTAN           7.8%   CONSUMER SERVICES                         2.1%
---------------------------
EUROPE                86.1%   RETAILING                                 1.8%
--------------------------- ------------------------------------------------
  CZECH REPUBLIC       1.0% CONSUMER STAPLES                           16.9%
                            ------------------------------------------------
  ESTONIA              1.8%   FOOD & STAPLES RETAILING                 10.5%
  GEORGIA              2.2%   FOOD BEVERAGE & TOBACCO                   6.4%
                            ------------------------------------------------
  POLAND               3.4% ENERGY                                     27.5%
                            ------------------------------------------------
  ROMANIA             12.8% FINANCIALS                                 17.4%
                            ------------------------------------------------
  RUSSIA              56.2%   BANKS                                    13.6%
  TURKEY               2.4%   REAL ESTATE                               3.8%
                            ------------------------------------------------
  UKRAINE              6.3% HEALTH CARE                                 1.8%
--------------------------- ------------------------------------------------
MID-EAST/AFRICA        1.2%   HEALTH CARE EQUIPMENT & SERVICES          1.8%
--------------------------- ------------------------------------------------
  TURKMENISTAN         1.2% INDUSTRIALS                                 7.9%
--------------------------- ------------------------------------------------
NORTH AMERICA          4.9%   CAPITAL GOODS                             0.5%
---------------------------
  UNITED STATES        4.9%   TRANSPORTATION                            7.4%
--------------------------- ------------------------------------------------
TOTAL EQUITY*        100.0% INFORMATION TECHNOLOGY                     18.6%
--------------------------- ------------------------------------------------
                              SOFTWARE & SERVICES                      18.6%
                            ------------------------------------------------
                            MATERIALS                                   1.2%
                            ------------------------------------------------
                            TELECOMMUNICATION SERVICES                  4.8%
                            ------------------------------------------------
                            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. The U.S. and other nations have imposed and could impose additional sanctions on certain issuers in Russia due to regional conflicts. These sanctions could result in the devaluation of Russia's currency, a downgrade in Russian issuers' credit ratings, or a decline in the value and liquidity of Russian stocks or other securities. The Fund may be prohibited from investing in securities issued by companies subject to such sanctions. In addition, if the Fund holds the securities of an issuer that is subject to such sanctions, an immediate freeze of that issuer's securities could result, impairing the ability of the Fund to buy, sell, receive or deliver those securities. There is also the risk that countermeasures could be taken by Russia's government, which could involve the seizure of the Fund's assets. Such sanctions could adversely affect Russia's economy, possibly forcing the economy into a recession. These risks could impair the Fund's ability to meet its investment objective. 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, may 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
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settl...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
In his session at @ThingsExpo, Dr. Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, presented the findings of a series of six detailed case studies of how large corporations are implementing IoT. The session explored how IoT has improved their economic performance, had major impacts on business models and resulted in impressive ROIs. The companies covered span manufacturing and services firms. He also explored servicification, how manufacturing firms shift from se...
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
It is ironic, but perhaps not unexpected, that many organizations who want the benefits of using an Agile approach to deliver software use a waterfall approach to adopting Agile practices: they form plans, they set milestones, and they measure progress by how many teams they have engaged. Old habits die hard, but like most waterfall software projects, most waterfall-style Agile adoption efforts fail to produce the results desired. The problem is that to get the results they want, they have to ch...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.