SYS-CON MEDIA Authors: Jason Bloomberg, Kevin Benedict, David H Deans, RealWire News Distribution, Gilad Parann-Nissany

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.