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Templeton Releases Closed-End Funds' Portfolio Allocation Updates

March 23, 2015 8:25 AM EDT

FORT LAUDERDALE, FL -- (Marketwired) -- 03/23/15 -- 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 February 28, 2015:

  • 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. (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 over $894 billion in assets under management as of February 28, 2015. 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 EMERGING MARKETS FUND
                           AS OF FEBRUARY 28, 2015
                       TOTAL NET ASSETS: $315,984,656
                      NET ASSET VALUE PER SHARE: $17.55
                       OUTSTANDING SHARES: 18,009,460


                   PERCENT OF                                     PERCENT OF
                    TOTAL NET                                      TOTAL NET
ASSET ALLOCATION     ASSETS   TEN LARGEST POSITIONS                 ASSETS
----------------------------- ----------------------------------------------
CASH & CASH                   BRILLIANCE CHINA AUTOMOTIVE HOLDINGS
 EQUIVALENTS             1.6%  LTD                                      9.9%
EQUITY*                 98.4% KASIKORNBANK PCL                          4.8%
                   ----------
                       100.0% HYUNDAI DEVELOPMENT CO                    4.5%
                              DAIRY FARM INTERNATIONAL HOLDINGS
                               LTD                                      3.8%
                              TATA CONSULTANCY SERVICES LTD             3.9%
                              ASTRA INTERNATIONAL TBK PT                3.7%
                              MCB BANK LTD                              3.6%
                              UNILEVER PLC                              3.6%
                              SIAM COMMERCIAL BANK PCL                  3.5%
                              PETROCHINA CO LTD                         3.4%
                                                                  ----------
                                                                       44.7%

                  PERCENT                                           PERCENT
                     OF                                                OF
                 PORTFOLIO                                         PORTFOLIO
INTERNATIONAL       NET                                               NET
 ALLOCATION        ASSETS  INDUSTRY ALLOCATION                       ASSETS
-------------------------- -------------------------------------------------
ASIA                 70.9% CONSUMER DISCRETIONARY                      20.2%
-------------------------- -------------------------------------------------
  CHINA              22.8%  AUTOMOBILES & COMPONENTS                   16.6%
  HONG KONG           8.7%  CONSUMER DURABLES & APPAREL                 2.2%
  INDIA               6.6%  RETAILING                                   1.4%
                           -------------------------------------------------
  INDONESIA           5.5% CONSUMER STAPLES                             8.7%
                           -------------------------------------------------
  PAKISTAN            3.6%  FOOD & STAPLES RETAILING                    4.5%
  SINGAPORE           0.4%  FOOD BEVERAGE & TOBACCO                     4.2%
                           -------------------------------------------------
  SOUTH KOREA         6.4% ENERGY                                      21.9%
                           -------------------------------------------------
  THAILAND           16.8% FINANCIALS                                  26.1%
-------------------------- -------------------------------------------------
EUROPE               13.5%  BANKS                                      25.1%
--------------------------
  AUSTRIA             0.9%  REAL ESTATE                                 1.0%
                           -------------------------------------------------
  RUSSIA              4.6% INDUSTRIALS                                  6.3%
                           -------------------------------------------------
  TURKEY              4.3%  CAPITAL GOODS                               4.9%
  UNITED KINGDOM      3.6%  TRANSPORTATION                              1.4%
-------------------------- -------------------------------------------------
LATIN AMERICA        12.1% INFORMATION TECHNOLOGY                       7.6%
-------------------------- -------------------------------------------------
  BRAZIL              9.8%  SOFTWARE & SERVICES                         5.0%
  PERU                2.3%  TECHNOLOGY HARDWARE & EQUIPMENT             2.6%
-------------------------- -------------------------------------------------
MID-EAST/AFRICA       3.6% MATERIALS                                    9.2%
-------------------------- -------------------------------------------------
  JORDAN              0.1% TOTAL EQUITY*                              100.0%
                           -------------------------------------------------
  SOUTH AFRICA        3.5%
--------------------------
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 are subject to all of the risks of foreign investing generally and involve 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. Some of these heightened risks may include political and social uncertainty (for example, regional conflicts and risk of war); pervasiveness of corruption and crime in these countries' economic systems; delays in settling portfolio securities transactions; risk of loss arising out of the system of share registration and custody used in these countries; greater sensitivity to interest rate changes; currency and capital controls; currency exchange rate volatility; and inflation, deflation or currency devaluation. The Fund may invest a portion of its assets in Russian securities. 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 affect the value of the Fund's portfolio 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 FEBRUARY 28, 2015
                       TOTAL NET ASSETS: $606,353,050
                      NET ASSET VALUE PER SHARE: $12.63
                       OUTSTANDING SHARES: 47,998,418

                           PERCENT OF
                           TOTAL NET
ASSET ALLOCATION             ASSETS   PORTFOLIO CHARACTERISTICS
------------------------------------- --------------------------------------
CASH & CASH EQUIVALENTS         11.1% WEIGHTED AVG. MATURITY      6.781 yrs.
DERIVATIVES                      0.0% WEIGHTED AVG. DURATION     1.8486 yrs.
FIXED INCOME                    88.9% WEIGHTED AVG. COUPON           7.3786%
                          -----------
                               100.0%

                               PERCENT                               PERCENT
                                  OF                                    OF
                                TOTAL                                 TOTAL
                                 NET                                   NET
NET CURRENCY DISTRIBUTION       ASSETS COUNTRY DISTRIBUTION           ASSETS
-------------------------------------- -------------------------------------
ASIA                              1.7% ASIA                            13.6%
-------------------------------------- -------------------------------------
  INDIAN RUPEE                    1.2%  INDIA                           1.9%
  INDO RUPIAH                     4.0%  INDONESIA                       4.0%
  JAPANESE YEN                   -9.0%  KAZAKHSTAN                      1.7%
  MALAYSI RINGGIT                 0.7%  MONGOLIA                        1.0%
  SOUTH KOREAN WON                1.1%  SRI LANKA                       4.9%
                                       -------------------------------------
  SRI LANKA RUPEE                 3.6% EUROPE                          23.9%
-------------------------------------- -------------------------------------
EUROPE                           -3.4%  BOSNIA AND HERZEGOVINA          0.5%
--------------------------------------
  EURO MON UNIT                  -6.2%  CROATIA                         1.5%
  POLAND ZLOTY                    0.7%  GEORGIA                         0.6%
  SERBIAN DINAR                   2.1%  HUNGARY                         4.0%
--------------------------------------
LATIN AMERICA                    15.1%  LITHUANIA                       0.3%
--------------------------------------
  BRAZILIAN REAL                  9.5%  POLAND                          1.1%
  MEXICAN PESO                    5.6%  REPUBLIC OF ETHIOPIA            1.7%
--------------------------------------
MID-EAST/AFRICA                   4.1%  REPUBLIC OF SERBIA              4.3%
--------------------------------------
  GHANA CEDI NEW                  3.6%  RUSSIA                          3.7%
  NIGERIAN NAIRA                  0.6%  SLOVENIA                        0.7%
--------------------------------------
NORTH AMERICA                    82.6%  TURKEY                          1.7%
--------------------------------------
  US DOLLAR                      82.6%  UKRAINE                         3.9%
-------------------------------------- -------------------------------------
TOTAL                           100.0% LATIN AMERICA/CARIBBEAN         24.7%
-------------------------------------- -------------------------------------
                                        BRAZIL                          9.5%
                                        CHILE                           2.1%
                                        COSTA RICA                      2.7%
                                        EQUADOR                         5.0%
                                        EL SALVADOR                     0.5%
                                        MEXICO                          4.3%
                                        PERU                            0.3%
                                        TRINIDAD AND TOBAGO             0.4%
                                       -------------------------------------
                                       MID-EAST/AFRICA                 24.9%
                                       -------------------------------------
                                        GHANA                           6.5%
                                        IRAQ                            3.8%
                                        KENYA                           1.1%
                                        NIGERIA                         4.0%
                                        SENEGAL                         1.1%
                                        SOUTH AFRICA                    2.1%
                                        UNITED ARAB EMIRATES            2.6%
                                        ZAMBIA                          3.6%
                                       -------------------------------------
                                       NORTH AMERICA                    1.3%
                                       -------------------------------------
                                        CANADA                          1.6%
                                        UNITED STATES                  -0.2%
                                       -------------------------------------
                                       OTHER                           11.5%
                                       -------------------------------------
                                        CASH                            9.4%
                                        DERIVATIVES                     1.3%
                                        SUPRANATIONAL                   0.8%
                                       -------------------------------------
                                       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 FEBRUARY 28, 2015
                      TOTAL NET ASSETS: $1,074,146,077
                      NET ASSET VALUE PER SHARE: $8.01
                       OUTSTANDING SHARES: 134,144,158

                            PERCENT
                               OF
                             TOTAL
                              NET
ASSET ALLOCATION             ASSETS PORTFOLIO CHARACTERISTICS
----------------------------------- ----------------------------------------
CASH & CASH EQUIVALENTS       25.9% WEIGHTED AVG. MATURITY       3.6868 yrs.
DERIVATIVES                   -5.0% WEIGHTED AVG. DURATION       0.9613 yrs.
FIXED INCOME                  79.1% WEIGHTED AVG. COUPON             4.5673%
                            -------
                             100.0%

                       PERCENT OF                               PERCENT OF
NET CURRENCY           TOTAL NET                                TOTAL NET
 DISTRIBUTION          ASSETS          COUNTRY DISTRIBUTION       ASSETS
-------------------------------------- -------------------------------------
ASIA                             24.9% ASIA                            30.7%
-------------------------------------- -------------------------------------
  INDIAN RUPEE                    6.0%   INDIA                          2.3%
  INDO RUPIAH                     3.1%   INDONESIA                      3.1%
  JAPANESE YEN                  -24.0%   MALAYSIA                       4.0%
  MALAYSI RINGGIT                15.0%   PHILIPPINES                    0.9%
  PHILIPPINE PESO                 0.9%   SINGAPORE                      2.2%
  SINGAPORE DOLLAR                4.3%   SOUTH KOREA                   14.7%
  SOUTH KOREAN WON               16.0%   SRI LANKA                      3.6%
                                       -------------------------------------
  SRI LANKA RUPEE                 3.6% EUROPE                          27.5%
-------------------------------------- -------------------------------------
EUROPE                          -20.4%   HUNGARY                        4.5%
--------------------------------------
  EURO MON UNIT                 -33.1%   ICELAND                        0.4%
  HUNGARY FORINT                  1.1%   IRELAND                        3.4%
  POLAND ZLOTY                   11.5%   LITHUANIA                      1.1%
--------------------------------------
LATIN AMERICA                    31.8%   POLAND                        10.7%
--------------------------------------
  BRAZILIAN REAL                  8.7%   PORTUGAL                       2.9%
  CHILEAN PESO                    6.8%   REPUBLIC OF SERBIA             0.7%
  MEXICAN PESO                   12.9%   RUSSIA                         0.5%
  PERU NUEVO SOL                  3.4%   SLOVENIA                       1.1%
--------------------------------------
NORTH AMERICA                    63.7%   UKRAINE                        2.3%
-------------------------------------- -------------------------------------
  US DOLLAR                      63.7% LATIN AMERICA                   20.6%
-------------------------------------- -------------------------------------
TOTAL                           100.0%   BRAZIL                         8.7%
--------------------------------------
                                         MEXICO                         8.5%
                                         PERU                           3.4%
                                       -------------------------------------
                                       NORTH AMERICA                   -0.8%
                                       -------------------------------------
                                         UNITED STATES                 -0.8%
                                       -------------------------------------
                                       OTHER                           22.0%
                                       -------------------------------------
                                         CASH                          14.9%
                                         DERIVATIVES                    5.7%
                                         SUPRANATIONAL                  1.4%
                                       -------------------------------------
                                       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

Source: Franklin Templeton



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