Templeton Releases Closed-End Funds' Portfolio Allocation Updates
April 17 2014 - 4:04PM
Marketwired
Templeton Releases Closed-End Funds' Portfolio Allocation Updates
FORT LAUDERDALE, FL--(Marketwired - Apr 17, 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 March 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 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 $886 billion in
assets under management as of March 31, 2014. For more
information, please call 1-800/DIAL BEN® or 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 MARCH 31, 2014 |
TOTAL NET ASSETS: $984,504,452 |
NET ASSET VALUE PER SHARE: $27.64 |
OUTSTANDING SHARES: 35,600,216 |
|
ASSET ALLOCATION |
|
PERCENT OF TOTAL NET ASSETS |
|
TEN LARGEST POSITIONS |
|
PERCENT OF TOTAL NET ASSETS |
CASH
& OTHER |
|
3.8% |
|
DAIRY
FARM INTERNATIONAL HOLDINGS LTD |
|
15.3% |
EQUITY* |
|
96.2% |
|
CHINA
PETROLEUM & CHEMICAL CORP (SINOPEC) |
|
10.4% |
|
|
100.0% |
|
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD |
|
6.2% |
|
|
|
|
PETROCHINA CO LTD |
|
5.4% |
|
|
|
|
CNOOC
LTD |
|
4.7% |
|
|
|
|
CHINA
MOBILE LTD |
|
3.8% |
|
|
|
|
CHINA
CONSTRUCTION BANK |
|
3.4% |
|
|
|
|
GREAT
WALL MOTOR COMPANY LTD |
|
2.6% |
|
|
|
|
CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD |
|
2.4% |
|
|
|
|
BANK
OF CHINA LTD |
|
2.3% |
|
|
|
|
|
|
56.5% |
|
|
|
|
|
|
|
INTERNATIONAL ALLOCATION |
|
PERCENT OF TOTAL NET ASSETS |
|
INDUSTRY ALLOCATION |
|
PERCENT OF TOTAL NET ASSETS |
ASIA |
|
100.0% |
|
CONSUMER DISCRETIONARY |
|
11.9% |
|
CHINA |
|
64.2% |
|
|
AUTOMOBILES & COMPONENTS |
|
8.4% |
|
HONG
KONG |
|
23.8% |
|
|
CONSUMER DURABLES & APPAREL |
|
1.3% |
|
TAIWAN |
|
11.9% |
|
|
CONSUMER SERVICES |
|
0.6% |
TOTAL EQUITY* |
|
100.0% |
|
|
MEDIA |
|
0.2% |
|
|
|
|
|
RETAILING |
|
1.4% |
|
|
|
|
CONSUMER STAPLES |
|
19.6% |
|
|
|
|
|
FOOD
& STAPLES RETAILING |
|
18.0% |
|
|
|
|
|
FOOD BEVERAGE & TOBACCO |
|
1.6% |
|
|
|
|
ENERGY |
|
24.5% |
|
|
|
|
FINANCIALS |
|
11.7% |
|
|
|
|
|
BANKS |
|
8.9% |
|
|
|
|
|
INSURANCE |
|
0.8% |
|
|
|
|
|
REAL ESTATE |
|
2.0% |
|
|
|
|
HEALTH CARE |
|
0.5% |
|
|
|
|
|
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES |
|
0.5% |
|
|
|
|
INDUSTRIALS |
|
5.6% |
|
|
|
|
|
CAPITAL GOODS |
|
3.9% |
|
|
|
|
|
TRANSPORTATION |
|
1.7% |
|
|
|
|
INFORMATION TECHNOLOGY |
|
11.4% |
|
|
|
|
|
SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT |
|
7.9% |
|
|
|
|
|
SOFTWARE & SERVICES |
|
1.5% |
|
|
|
|
|
TECHNOLOGY HARDWARE & EQUIPMENT |
|
1.9% |
|
|
|
|
MATERIALS |
|
6.2% |
|
|
|
|
TELECOMMUNICATION SERVICES |
|
4.9% |
|
|
|
|
UTILITIES |
|
3.7% |
|
|
|
|
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 MARCH 31, 2014 |
TOTAL NET ASSETS: $1,137,012,785 |
NET ASSET VALUE PER SHARE: $8.48 |
OUTSTANDING SHARES: 134,144,158 |
|
ASSET ALLOCATION |
|
PERCENT OF TOTAL NET ASSETS |
|
PORTFOLIO CHARACTERISTICS |
CASH & CASH EQUIVALENTS |
|
8.2% |
|
WEIGHTED AVG. MATURITY |
|
3.6310 yrs. |
DERIVATIVES |
|
-0.4% |
|
WEIGHTED AVG. DURATION |
|
2.3151 yrs. |
FIXED INCOME |
|
92.1% |
|
WEIGHTED AVG. COUPON |
|
5.4211% |
|
|
100.0% |
|
|
|
|
|
|
|
|
|
|
|
NET CURRENCY DISTRIBUTION |
|
PERCENT OF TOTAL NET ASSETS |
|
COUNTRY DISTRIBUTION |
|
PERCENT OF TOTAL NET ASSETS |
ASIA |
|
27.5% |
|
ASIA |
|
31.2% |
|
INDIAN RUPEE |
|
3.6% |
|
|
INDONESIA |
|
3.1% |
|
INDO
RUPIAH |
|
3.1% |
|
|
MALAYSIA |
|
4.4% |
|
JAPANESE YEN |
|
-21.2% |
|
|
PHILIPPINES |
|
1.0% |
|
MALAYSI RINGGIT |
|
16.0% |
|
|
SINGAPORE |
|
2.2% |
|
PHILIPPINE PESO |
|
1.0% |
|
|
SOUTH
KOREA |
|
16.5% |
|
SOUTH
KOREAN WON |
|
17.5% |
|
|
SRI
LANKA |
|
3.1% |
|
SINGAPORE DOLLAR |
|
4.4% |
|
|
VIETNAM |
|
0.9% |
|
SRI LANKA RUPEE |
|
3.1% |
|
EUROPE |
|
42.6% |
EUROPE |
|
-4.6% |
|
|
HUNGARY |
|
4.7% |
|
EURO |
|
-31.6% |
|
|
ICELAND |
|
0.3% |
|
HUNGARY FORINT |
|
1.2% |
|
|
IRELAND |
|
11.2% |
|
POLAND ZLOTY |
|
13.4% |
|
|
LITHUANIA |
|
2.5% |
|
SWEDISH KRONA |
|
12.5% |
|
|
POLAND |
|
12.4% |
LATIN AMERICA |
|
28.7% |
|
|
RUSSIA |
|
0.5% |
|
BRAZILIAN REAL |
|
8.4% |
|
|
SERBIA |
|
0.6% |
|
CHILEAN PESO |
|
7.2% |
|
|
SLOVENIA |
|
1.0% |
|
MEXICAN PESO |
|
9.6% |
|
|
SWEDEN |
|
4.5% |
|
PERU NUEVO SOL |
|
3.5% |
|
|
UKRAINE |
|
4.9% |
NORTH AMERICA |
|
48.4% |
|
LATIN AMERICA |
|
16.8% |
|
US DOLLAR |
|
48.4% |
|
|
BRAZIL |
|
8.4% |
TOTAL |
|
100.0% |
|
|
MEXICO |
|
4.9% |
|
|
|
|
|
PERU |
|
3.5% |
|
|
|
|
NORTH AMERICA |
|
-0.3% |
|
|
|
|
|
UNITED STATES |
|
-0.3% |
|
|
|
|
OTHER |
|
9.6% |
|
|
|
|
|
SUPRANATIONAL |
|
1.4% |
|
|
|
|
|
CASH |
|
8.2% |
|
|
|
|
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. 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 MARCH 31, 2014 |
TOTAL NET ASSETS: $81,005,763 |
NET ASSET VALUE PER SHARE: $14.76 |
OUTSTANDING SHARES: 5,490,113 |
|
ASSET ALLOCATION |
|
PERCENT OF TOTAL NET ASSETS |
|
TEN LARGEST POSITIONS |
|
PERCENT OF TOTAL NET ASSETS |
CASH & OTHER |
|
10.5% |
|
SBERBANK OF RUSSIA |
|
10.2% |
EQUITY* |
|
89.5% |
|
GLOBALTRANS INVESTMENT PLC |
|
7.1% |
|
|
100.0% |
|
MHP SA |
|
6.2% |
|
|
|
|
SOCIETATEA NATIONALA DE GAZE NATURALE ROMGAZ SA |
|
6.2% |
|
|
|
|
LUKOIL OAO |
|
4.9% |
|
|
|
|
KCELL JSC |
|
4.8% |
|
|
|
|
GAZPROM OAO |
|
4.5% |
|
|
|
|
DIXIE GROUP OJSC |
|
3.9% |
|
|
|
|
ETALON GROUP LTD |
|
3.3% |
|
|
|
|
YANDEX NV |
|
3.0% |
|
|
|
|
|
|
54.2% |
|
|
|
|
|
|
|
INTERNATIONAL ALLOCATION |
|
PERCENT OF TOTAL NET ASSETS |
|
INDUSTRY ALLOCATION |
|
PERCENT OF TOTAL NET ASSETS |
ASIA |
|
8.1% |
|
CONSUMER DISCRETIONARY |
|
4.6% |
|
KAZAKHSTAN |
|
8.1% |
|
|
CONSUMER SERVICES |
|
2.3% |
EUROPE |
|
90.7% |
|
|
RETAILING |
|
2.3% |
|
CZECH
REPUBLIC |
|
1.2% |
|
CONSUMER STAPLES |
|
15.9% |
|
ESTONIA |
|
2.1% |
|
|
FOOD
& STAPLES RETAILING |
|
7.5% |
|
POLAND |
|
8.5% |
|
|
FOOD BEVERAGE & TOBACCO |
|
8.5% |
|
ROMANIA |
|
12.3% |
|
ENERGY |
|
32.7% |
|
RUSSIA |
|
51.7% |
|
FINANCIALS |
|
23.0% |
|
TURKEY |
|
8.0% |
|
|
BANKS |
|
17.1% |
|
UKRAINE |
|
6.9% |
|
|
DIVERSIFIED FINANCIALS |
|
2.2% |
MID-EAST/AFRICA |
|
1.2% |
|
|
REAL ESTATE |
|
3.7% |
|
TURKMENISTAN |
|
1.2% |
|
HEALTH CARE |
|
2.2% |
TOTAL EQUITY* |
|
100.0% |
|
|
HEALTH CARE EQUIPMENT & SERVICES |
|
2.1% |
|
|
|
|
|
PHARMACEUTICALS, BIOTECHNOLOGY & LIFE SCIENCES |
|
0.1% |
|
|
|
|
INDUSTRIALS |
|
8.9% |
|
|
|
|
|
CAPITAL GOODS |
|
1.0% |
|
|
|
|
|
TRANSPORTATION |
|
8.0% |
|
|
|
|
INFORMATION TECHNOLOGY |
|
7.2% |
|
|
|
|
|
SOFTWARE & SERVICES |
|
6.6% |
|
|
|
|
|
TECHNOLOGY HARDWARE & EQUIPMENT |
|
0.6% |
|
|
|
|
MATERIALS |
|
0.2% |
|
|
|
|
TELECOMMUNICATION SERVICES |
|
5.4% |
|
|
|
|
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
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