FORT LAUDERDALE, FL--(Marketwired - Jul 16, 2014) - The Templeton closed-end Funds referenced below, which trade on the New York Stock Exchange, today released portfolio allocation updates containing the following information as of June 30, 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. (
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 JUNE 30, 2014 | ||||
| TOTAL NET ASSETS: $1,028,659,844 | ||||
| NET ASSET VALUE PER SHARE: $29.11 | ||||
| OUTSTANDING SHARES: 35,336,890 | ||||
| ASSET ALLOCATION | PERCENT OF TOTAL NET ASSETS | TEN LARGEST POSITIONS | PERCENT OF TOTAL NET ASSETS | |
| CASH & OTHER | 1.2% | TEMPLETON CHINA OPPORTUNITIES FUND LTD | 16.3% | |
| EQUITY* | 98.8% | DAIRY FARM INTERNATIONAL HOLDINGS LTD | 14.8% | |
| 100.0% | CHINA PETROLEUM & CHEMICAL CORP (SINOPEC) | 7.8% | ||
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 6.4% | |||
| PETROCHINA CO LTD | 4.4% | |||
| CNOOC LTD | 4.2% | |||
| CHINA MOBILE LTD | 3.0% | |||
| DONGFENG MOTOR GROUP CO LTD | 2.8% | |||
| CHINA CONSTRUCTION BANK CORP | 2.4% | |||
| CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD | 2.4% | |||
| 64.4% | ||||
| INTERNATIONAL ALLOCATION | PERCENT OF TOTAL NET ASSETS | INDUSTRY ALLOCATION | PERCENT OF TOTAL NET ASSETS | |||
| ASIA | 83.5% | CONSUMER DISCRETIONARY | 9.8% | |||
| CHINA | 51.1% | AUTOMOBILES & COMPONENTS | 6.7% | |||
| HONG KONG | 22.3% | CONSUMER DURABLES & APPAREL | 1.3% | |||
| TAIWAN | 10.1% | CONSUMER SERVICES | 0.5% | |||
| LATIN AMERICA | 16.5% | MEDIA | 0.1% | |||
| CAYMAN ISLANDS | 16.5% | RETAILING | 1.1% | |||
| TOTAL EQUITY* | 100.0% | CONSUMER STAPLES | 18.7% | |||
| FOOD & STAPLES RETAILING | 16.8% | |||||
| FOOD BEVERAGE & TOBACCO | 1.9% | |||||
| ENERGY | 17.9% | |||||
| FINANCIALS | 25.1% | |||||
| BANKS | 6.4% | |||||
| DIVERSIFIED FINANCIALS | 16.5% | |||||
| INSURANCE | 0.8% | |||||
| REAL ESTATE | 1.5% | |||||
| HEALTH CARE | 0.4% | |||||
| PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES | 0.4% | |||||
| INDUSTRIALS | 4.7% | |||||
| CAPITAL GOODS | 2.8% | |||||
| TRANSPORTATION | 1.8% | |||||
| INFORMATION TECHNOLOGY | 12.4% | |||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 8.3% | |||||
| SOFTWARE & SERVICES | 2.3% | |||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 1.8% | |||||
| MATERIALS | 3.9% | |||||
| TELECOMMUNICATION SERVICES | 3.6% | |||||
| UTILITIES | 3.5% | |||||
| 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 JUNE 30, 2014 | ||||||
| TOTAL NET ASSETS: $1,163,383,829 | ||||||
| NET ASSET VALUE PER SHARE: $8.67 | ||||||
| OUTSTANDING SHARES: 134,144,158 | ||||||
| ASSET ALLOCATION | PERCENT OF TOTAL NET ASSETS | PORTFOLIO CHARACTERISTICS | ||||
| CASH & CASH EQUIVALENTS | 8.8% | WEIGHTED AVG. MATURITY | 3.6809 yrs. | |||
| DERIVATIVES | -0.4% | WEIGHTED AVG. DURATION | 2.4206 yrs. | |||
| FIXED INCOME | 91.6% | WEIGHTED AVG. COUPON | 5.2640% | |||
| 100.0% | ||||||
| NET CURRENCY DISTRIBUTION | PERCENT OF TOTAL NET ASSETS | COUNTRY DISTRIBUTION | PERCENT OF TOTAL NET ASSETS | |||
| ASIA | 24.2% | ASIA | 30.8% | |||
| INDIAN RUPEE | 3.6% | INDONESIA | 2.8% | |||
| INDO RUPIAH | 2.8% | MALAYSIA | 4.1% | |||
| JAPANESE YEN | -24.1% | PHILIPPINES | 0.9% | |||
| MALAYSI RINGGIT | 15.6% | SINGAPORE | 2.2% | |||
| PHILIPPINE PESO | 0.9% | SOUTH KOREA | 16.7% | |||
| SOUTH KOREAN WON | 18.0% | SRI LANKA | 3.1% | |||
| SINGAPORE DOLLAR | 4.3% | VIETNAM | 0.9% | |||
| SRI LANKA RUPEE | 3.1% | EUROPE | 42.0% | |||
| EUROPE | -4.7% | HUNGARY | 4.7% | |||
| EURO | -29.1% | ICELAND | 0.3% | |||
| HUNGARY FORINT | 1.2% | IRELAND | 11.4% | |||
| POLAND ZLOTY | 12.9% | LITHUANIA | 2.4% | |||
| SWEDISH KRONA | 10.3% | POLAND | 12.0% | |||
| LATIN AMERICA | 29.0% | RUSSIA | 0.5% | |||
| BRAZILIAN REAL | 8.8% | SERBIA | 0.6% | |||
| CHILEAN PESO | 7.0% | SLOVENIA | 1.0% | |||
| MEXICAN PESO | 9.6% | SWEDEN | 4.1% | |||
| PERU NUEVO SOL | 3.6% | UKRAINE | 5.0% | |||
| NORTH AMERICA | 51.4% | LATIN AMERICA | 17.3% | |||
| US DOLLAR | 51.4% | BRAZIL | 8.8% | |||
| TOTAL | 100.0% | MEXICO | 4.9% | |||
| PERU | 3.6% | |||||
| NORTH AMERICA | -0.5% | |||||
| UNITED STATES | -0.5% | |||||
| OTHER | 10.3% | |||||
| SUPRANATIONAL | 1.5% | |||||
| CASH | 8.8% | |||||
| DERIVATIVES | 0.1% | |||||
| 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 JUNE 30, 2014 | ||||||
| TOTAL NET ASSETS: $90,682,669 | ||||||
| NET ASSET VALUE PER SHARE: $17.01 | ||||||
| OUTSTANDING SHARES: 5,329,741 | ||||||
| ASSET ALLOCATION | PERCENT OF TOTAL NET ASSETS | TEN LARGEST POSITIONS | PERCENT OF TOTAL NET ASSETS | |||
| CASH & OTHER | 2.0% | SBERBANK OF RUSSIA | 9.5% | |||
| EQUITY* | 98.0% | MHP SA | 6.3% | |||
| 100.0% | GLOBALTRANS INVESTMENT PLC | 6.1% | ||||
| SOCIETATEA NATIONALA DE GAZE NATURALE ROMGAZ SA | 5.9% | |||||
| YANDEX NV | 5.6% | |||||
| DIXY GROUP OJSC | 5.4% | |||||
| LUKOIL OAO | 4.7% | |||||
| EURASIA DRILLING CO LTD | 4.1% | |||||
| GAZPROM OAO | 4.1% | |||||
| KCELL JSC | 3.9% | |||||
| 55.6% | ||||||
| INTERNATIONAL ALLOCATION | PERCENT OF TOTAL NET ASSETS | INDUSTRY ALLOCATION | PERCENT OF TOTAL NET ASSETS | |||
| ASIA | 6.7% | CONSUMER DISCRETIONARY | 4.0% | |||
| KAZAKHSTAN | 6.7% | CONSUMER SERVICES | 1.8% | |||
| EUROPE | 88.3% | RETAILING | 2.2% | |||
| CZECH REPUBLIC | 0.9% | CONSUMER STAPLES | 15.5% | |||
| ESTONIA | 1.7% | FOOD & STAPLES RETAILING | 9.0% | |||
| GEORGIA | 1.6% | FOOD BEVERAGE & TOBACCO | 6.5% | |||
| LUXEMBOURG | 0.5% | ENERGY | 33.0% | |||
| POLAND | 2.8% | FINANCIALS | 18.1% | |||
| ROMANIA | 10.9% | BANKS | 14.3% | |||
| RUSSIA | 57.9% | REAL ESTATE | 3.8% | |||
| TURKEY | 5.7% | HEALTH CARE | 1.5% | |||
| UKRAINE | 6.4% | HEALTH CARE EQUIPMENT & SERVICES | 1.5% | |||
| MID-EAST/AFRICA | 1.1% | INDUSTRIALS | 9.4% | |||
| TURKMENISTAN | 1.1% | CAPITAL GOODS | 0.9% | |||
| NORTH AMERICA | 4.0% | TRANSPORTATION | 8.5% | |||
| UNITED STATES | 4.0% | INFORMATION TECHNOLOGY | 13.7% | |||
| TOTAL EQUITY* | 100.0% | SOFTWARE & SERVICES | 13.7% | |||
| MATERIALS | 0.2% | |||||
| TELECOMMUNICATION SERVICES | 4.5% | |||||
| 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. 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
