FORT LAUDERDALE, FL--(Marketwired - Sep 19, 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 August 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 Emerging Markets Fund (
NYSE :EMF ) - Templeton Emerging Markets Income Fund (
NYSE :TEI ) - Templeton Global Income Fund (
NYSE :GIM )
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 EMERGING MARKETS FUND | ||||
| AS OF AUGUST 31, 2014 | ||||
| TOTAL NET ASSETS: $376,573,657 | ||||
| NET ASSET VALUE PER SHARE: $20.91 | ||||
| OUTSTANDING SHARES: 18,009,460 | ||||
| ASSET ALLOCATION | PERCENT OF TOTAL NET ASSETS | TEN LARGEST POSITIONS | PERCENT OF TOTAL NET ASSETS | |
| CASH & CASH EQUIVALENTS | 3.7% | BRILLIANCE CHINA AUTOMOTIVE HOLDINGS LTD | 10.4% | |
| EQUITY* | 96.3% | DAIRY FARM INTERNATIONAL HOLDINGS LTD | 4.4% | |
| 100.0% | KASIKORNBANK PCL | 4.2% | ||
| ASTRA INTERNATIONAL TBK PT | 3.8% | |||
| PETROLEO BRASILEIRO SA (PETROBRAS) | 3.7% | |||
| TATA CONSULTANCY SERVICES LTD | 3.6% | |||
| BANCO BRADESCO SA | 3.5% | |||
| PETROCHINA CO LTD | 3.5% | |||
| HYUNDAI DEVELOPMENT CO | 3.3% | |||
| SIAM COMMERCIAL BANK PCL | 3.3% | |||
| 43.9% | ||||
| INTERNATIONAL ALLOCATION | PERCENT OF PORTFOLIO NET ASSETS | INDUSTRY ALLOCATION | PERCENT OF PORTFOLIO NET ASSETS | |||
| ASIA | 66.5% | CONSUMER DISCRETIONARY | 19.1% | |||
| CHINA | 22.3% | AUTOMOBILES & COMPONENTS | 17.2% | |||
| HONG KONG | 7.8% | CONSUMER DURABLES & APPAREL | 1.9% | |||
| INDIA | 6.9% | CONSUMER STAPLES | 7.7% | |||
| INDONESIA | 6.1% | FOOD & STAPLES RETAILING | 4.6% | |||
| PAKISTAN | 2.8% | FOOD BEVERAGE & TOBACCO | 3.1% | |||
| SOUTH KOREA | 5.1% | ENERGY | 24.1% | |||
| THAILAND | 15.4% | FINANCIALS | 26.1% | |||
| EUROPE | 15.1% | BANKS | 25.2% | |||
| AUSTRIA | 1.0% | REAL ESTATE | 0.9% | |||
| RUSSIA | 6.5% | INDUSTRIALS | 5.4% | |||
| TURKEY | 4.4% | CAPITAL GOODS | 4.5% | |||
| UNITED KINGDOM | 3.1% | TRANSPORTATION | 0.9% | |||
| LATIN AMERICA | 15.8% | INFORMATION TECHNOLOGY | 7.0% | |||
| BRAZIL | 13.5% | SOFTWARE & SERVICES | 5.0% | |||
| PERU | 2.3% | TECHNOLOGY HARDWARE & EQUIPMENT | 1.9% | |||
| MID-EAST/AFRICA | 2.7% | MATERIALS | 10.6% | |||
| JORDAN | 0.2% | TOTAL EQUITY* | 100.0% | |||
| QATAR | 1.0% | |||||
| SOUTH AFRICA | 1.5% | |||||
| 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 political developments of countries where the Fund invests. The Fund's investments in emerging market countries are subject to all of the risks of foreign investing generally, and have additional heightened risks due to these markets' smaller size and lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets, including: delays in settling portfolio securities transactions; currency and capital controls; greater sensitivity to interest rate changes; pervasiveness of corruption and crime; currency exchange rate volatility; and inflation, deflation or currency devaluation. 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 EMERGING MARKETS INCOME FUND | ||||
| AS OF AUGUST 31, 2014 | ||||
| TOTAL NET ASSETS: $690,849,686 | ||||
| NET ASSET VALUE PER SHARE: $14.39 | ||||
| OUTSTANDING SHARES: 47,998,418 | ||||
| ASSET ALLOCATION | PERCENT OF TOTAL NET ASSETS | PORTFOLIO CHARACTERISTICS | ||
| CASH & CASH EQUIVALENTS | 4.1% | WEIGHTED AVG. MATURITY | 6.7922 yrs. | |
| DERIVATIVES | 0.1% | WEIGHTED AVG. DURATION | 2.3795 yrs. | |
| FIXED INCOME | 95.8% | WEIGHTED AVG. COUPON | 7.2379% | |
| 100.0% | ||||
| NET CURRENCY DISTRIBUTION | PERCENT OF TOTAL NET ASSETS | COUNTRY DISTRIBUTION | PERCENT OF TOTAL NET ASSETS | |||
| ASIA | 0.3% | ASIA | 17.1% | |||
| INDIAN RUPEE | 1.0% | INDIA | 1.6% | |||
| INDO RUPIAH | 3.5% | INDONESIA | 3.5% | |||
| JAPANESE YEN | -9.1% | KAZAKHSTAN | 5.1% | |||
| MALAYSI RINGGIT | 0.7% | MONGOLIA | 0.9% | |||
| SOUTH KOREAN WON | 1.0% | SRI LANKA | 4.8% | |||
| SRI LANKA RUPEE | 3.1% | VIETNAM | 1.1% | |||
| EUROPE | -2.6% | EUROPE | 25.6% | |||
| EURO MON UNIT | -5.4% | BOSNIA AND HERZEGOVINA | 0.6% | |||
| POLAND ZLOTY | 0.7% | CROATIA | 1.3% | |||
| SERBIAN DINAR | 2.1% | GEORGIA | 0.5% | |||
| LATIN AMERICA | 15.6% | HUNGARY | 5.0% | |||
| BRAZILIAN REAL | 10.1% | LITHUANIA | 0.3% | |||
| MEXICAN PESO | 5.5% | POLAND | 1.0% | |||
| MID-EAST/AFRICA | 3.9% | RUSSIA | 3.5% | |||
| GHANA CEDI NEW | 2.5% | SERBIA | 3.9% | |||
| NIGERIAN NAIRA | 1.5% | SLOVENIA | 0.6% | |||
| NORTH AMERICA | 82.7% | TURKEY | 2.1% | |||
| US DOLLAR | 82.7% | UKRAINE | 6.8% | |||
| TOTAL | 100.0% | LATIN AMERICA | 25.3% | |||
| BRAZIL | 10.1% | |||||
| CHILE | 1.9% | |||||
| COSTA RICA | 2.3% | |||||
| EQUADOR | 5.1% | |||||
| EL SALVADOR | 0.4% | |||||
| MEXICO | 4.3% | |||||
| PERU | 0.3% | |||||
| TRINIDAD AND TOBAGO | 0.9% | |||||
| MID-EAST/AFRICA | 24.1% | |||||
| GHANA | 5.1% | |||||
| IRAQ | 3.6% | |||||
| KENYA | 1.0% | |||||
| NIGERIA | 5.0% | |||||
| SENEGAL | 0.7% | |||||
| SOUTH AFRICA | 3.2% | |||||
| UNITED ARAB EMIRATES | 2.3% | |||||
| ZAMBIA | 3.3% | |||||
| OTHER | 5.0% | |||||
| SUPRANATIONAL | 0.8% | |||||
| CASH | 4.1% | |||||
| DERIVATIVES | 0.2% | |||||
| NORTH AMERICA | 2.8% | |||||
| CANADA | 1.6% | |||||
| UNITED STATES | 1.2% | |||||
| 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. The Fund's investments in emerging market countries are subject to all of the risks of foreign investing generally, and have additional heightened risks due to these markets' smaller size and lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets, including: delays in settling portfolio securities transactions; currency and capital controls; greater sensitivity to interest rate changes; pervasiveness of corruption and crime; currency exchange rate volatility; and inflation, deflation or currency devaluation. 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 GLOBAL INCOME FUND | ||||
| AS OF AUGUST 31, 2014 | ||||
| TOTAL NET ASSETS: $1,169,317,592 | ||||
| NET ASSET VALUE PER SHARE: $8.72 | ||||
| OUTSTANDING SHARES: 134,144,158 | ||||
| ASSET ALLOCATION | PERCENT OF TOTAL NET ASSETS | PORTFOLIO CHARACTERISTICS | ||
| CASH & CASH EQUIVALENTS | 10.7% | WEIGHTED AVG. MATURITY | 3.8153 yrs. | |
| DERIVATIVES | 1.1% | WEIGHTED AVG. DURATION | 2.4270 yrs. | |
| FIXED INCOME | 88.2% | WEIGHTED AVG. COUPON | 5.3392% | |
| 100.0% | ||||
| NET CURRENCY DISTRIBUTION | PERCENT OF TOTAL NET ASSETS | COUNTRY DISTRIBUTION | PERCENT OF TOTAL NET ASSETS | |||
| ASIA | 25.0% | ASIA | 30.9% | |||
| INDIAN RUPEE | 5.5% | INDIA | 2.0% | |||
| INDO RUPIAH | 2.9% | INDONESIA | 2.9% | |||
| JAPANESE YEN | -23.5% | MALAYSIA | 4.1% | |||
| MALAYSI RINGGIT | 15.7% | PHILIPPINES | 0.9% | |||
| PHILIPPINE PESO | 0.9% | SINGAPORE | 2.2% | |||
| SINGAPORE DOLLAR | 4.3% | SOUTH KOREA | 14.7% | |||
| SOUTH KOREAN WON | 15.9% | SRI LANKA | 3.2% | |||
| SRI LANKA RUPEE | 3.2% | VIETNAM | 0.9% | |||
| EUROPE | -6.6% | EUROPE | 38.6% | |||
| EURO MON UNIT | -29.6% | HUNGARY | 4.5% | |||
| HUNGARY FORINT | 1.1% | ICELAND | 0.3% | |||
| POLAND ZLOTY | 12.3% | IRELAND | 8.7% | |||
| SWEDISH KRONA | 9.6% | LITHUANIA | 2.4% | |||
| LATIN AMERICA | 28.4% | POLAND | 11.5% | |||
| BRAZILIAN REAL | 8.9% | PORTUGAL | 1.0% | |||
| CHILEAN PESO | 6.5% | RUSSIA | 0.5% | |||
| MEXICAN PESO | 9.6% | SERBIA | 0.6% | |||
| PERU NUEVO SOL | 3.5% | SLOVENIA | 1.0% | |||
| NORTH AMERICA | 53.2% | SWEDEN | 3.7% | |||
| US DOLLAR | 53.2% | UKRAINE | 4.4% | |||
| TOTAL | 100.0% | LATIN AMERICA | 17.2% | |||
| BRAZIL | 8.9% | |||||
| MEXICO | 4.9% | |||||
| PERU | 3.5% | |||||
| NORTH AMERICA | -0.6% | |||||
| UNITED STATES | -0.6% | |||||
| OTHER | 13.9% | |||||
| SUPRANATIONAL | 1.5% | |||||
| CASH | 10.7% | |||||
| DERIVATIVES | 1.7% | |||||
| 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.
For more information, please contact Franklin Templeton Investments 1-800-342-5236
