FORT LAUDERDALE, FL -- (Marketwired) -- 06/20/16 -- 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 May 31, 2016:
- 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 180 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 $737 billion in assets under management as of May 31, 2016. 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 MAY 31, 2016
TOTAL NET ASSETS: $219,869,782
NET ASSET VALUE PER SHARE: $12.21
OUTSTANDING SHARES: 18,009,460
PERCENT OF PERCENT OF
TOTAL NET TOTAL NET
ASSET ALLOCATION ASSETS TEN LARGEST POSITIONS ASSETS
------------------------------ ---------------------------------------------
CASH & OTHER 3.5% BRILLIANCE CHINA AUTOMOTIVE
HOLDINGS LTD 5.9%
EQUITY* 96.5% TAIWAN SEMICONDUCTOR MANUFACTURING
CO LTD 5.2%
----------
100.0% UNILEVER PLC 4.9%
SAMSUNG ELECTRONICS CO LTD 4.4%
LUKOIL PJSC 3.3%
COMPANIA DE MINAS BUENAVENTURA SA 3.0%
NASPERS LTD 2.8%
ASTRA INTERNATIONAL TBK PT 2.7%
BANCO BRADESCO SA 2.5%
ITAU UNIBANCO HOLDING SA 2.5%
----------
37.2%
PERCENT OF PERCENT OF
INTERNATIONAL PORTFOLIO PORTFOLIO
ALLOCATION NET ASSETS INDUSTRY ALLOCATION NET ASSETS
------------------------------ ---------------------------------------------
ASIA 67.4% CONSUMER DISCRETIONARY 21.1%
------------------------------ ---------------------------------------------
CAMBODIA 0.2% AUTOMOBILES & COMPONENTS 13.0%
CHINA 18.2% CONSUMER DURABLES & APPAREL 2.0%
HONG KONG 4.7% CONSUMER SERVICES 0.8%
INDIA 9.4% MEDIA 3.2%
INDONESIA 4.5% RETAILING 2.0%
---------------------------------------------
PAKISTAN 2.0% CONSUMER STAPLES 11.0%
---------------------------------------------
SOUTH KOREA 13.0% FOOD & STAPLES RETAILING 2.8%
TAIWAN 9.1% FOOD BEVERAGE & TOBACCO 3.1%
THAILAND 6.2% HOUSEHOLD & PERSONAL PRODUCTS 5.1%
------------------------------ ---------------------------------------------
EUROPE 14.6% ENERGY 12.7%
------------------------------ ---------------------------------------------
HUNGARY 0.9% FINANCIALS 17.0%
---------------------------------------------
RUSSIA 7.6% BANKS 15.6%
TURKEY 1.0% DIVERSIED FINANCIALS 1.0%
UNITED KINGDOM 5.1% REAL ESTATE 0.4%
------------------------------ ---------------------------------------------
LATIN AMERICA 13.0% HEALTH CARE 1.9%
------------------------------ ---------------------------------------------
ARGENTINA 0.3% PHARMACEUTICALS, BIOTECHNOLOGY & 1.9%
LIFE SCIENCES
---------------------------------------------
BRAZIL 9.3% INDUSTRIALS 3.6%
---------------------------------------------
MEXICO 0.3% CAPITAL GOODS 3.2%
PERU 3.1% TRANSPORTATION 0.4%
------------------------------ ---------------------------------------------
MID-EAST/AFRICA 5.0% INFORMATION TECHNOLOGY 27.3%
------------------------------ ---------------------------------------------
JORDAN 0.3% SEMICONDUCTORS & SEMICONDUCTOR 7.2%
EQUIPMENT
SOUTH AFRICA 3.9% SOFTWARE & SERVICES 10.4%
SAUDIA ARABIA 0.8% TECHNOLOGY HARDWARE & EQUIPMENT 9.7%
------------------------------ ---------------------------------------------
TOTAL EQUITY* 100.0% MATERIALS 4.9%
------------------------------ ---------------------------------------------
TELECOMMUNICATION SERVICES 0.4%
---------------------------------------------
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 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 MAY 31, 2016
TOTAL NET ASSETS: $563,858,295
NET ASSET VALUE PER SHARE: $11.75
OUTSTANDING SHARES: 47,998,418
PERCENT OF
TOTAL NET
ASSET ALLOCATION ASSETS PORTFOLIO CHARACTERISTICS
-------------------------------------- -------------------------------------
CASH & CASH EQUIVALENTS 10.9% WEIGHTED AVG. MATURITY 6.8881 yrs.
DERIVATIVES -2.4% WEIGHTED AVG. DURATION 1.7376 yrs.
EQUITY 0.2% WEIGHTED AVG. COUPON 7.4121%
FIXED INCOME 91.3%
-----------
100.0%
PERCENT OF PERCENT OF
TOTAL NET TOTAL NET
NET CURRENCY DISTRIBUTION ASSETS COUNTRY DISTRIBUTION ASSETS
-------------------------------------- -------------------------------------
ASIA 0.6% ASIA 11.5%
-------------------------------------- -------------------------------------
INDIAN RUPEE 1.2% INDIA 1.2%
INDO RUPIAH 7.4% INDONESIA 7.4%
JAPANESE YEN -10.5% MONGOLIA 1.0%
MALAYSI RINGGIT 0.7% SRI LANKA 1.8%
-------------------------------------
SRI LANKA RUPEE 1.8% EUROPE 27.6%
-------------------------------------- -------------------------------------
AUSTRALIA/NEW ZEALAND -3.4% BOSNIA AND HERZEGOVINA 0.4%
--------------------------------------
AUSTRALIAN DOLLAR -3.4% CROATIA 1.5%
--------------------------------------
EUROPE -4.4% GABON 2.6%
--------------------------------------
EURO -6.6% HUNGARY 2.4%
SERBIAN DINAR 2.2% LITHUANIA 0.3%
--------------------------------------
LATIN AMERICA 17.5% NETHERLANDS 2.2%
--------------------------------------
BRAZILIAN REAL 9.5% POLAND 1.1%
COLOMBIAN PESO 3.1% REPUBLIC OF ETHIOPIA 1.7%
MEXICAN PESO 5.0% REPUBLIC OF SERBIA 4.3%
--------------------------------------
MID-EAST/AFRICA 3.8% RUSSIA 1.7%
--------------------------------------
GHANA CEDI NEW 3.8% TURKEY 1.2%
--------------------------------------
NORTH AMERICA 85.8% UKRAINE 8.2%
-------------------------------------- -------------------------------------
US DOLLAR 85.8% LATIN AMERICA/CARIBBEAN 27.3%
-------------------------------------- -------------------------------------
TOTAL 100.0% BRAZIL 9.5%
--------------------------------------
COLOMBIA 3.1%
COSTA RICA 2.5%
DOMINICAN REPUBLIC 2.5%
ECUADOR 5.2%
EL SALVADOR 0.4%
MEXICO 3.9%
PERU 0.2%
-------------------------------------
MID-EAST/AFRICA 22.4%
-------------------------------------
GHANA 3.5%
IRAQ 3.6%
KENYA 3.6%
NIGERIA 3.8%
SENEGAL 1.2%
SOUTH AFRICA 1.1%
ZAMBIA 5.6%
-------------------------------------
NORTH AMERICA 1.0%
-------------------------------------
BERMUDA 0.5%
CANADA 1.4%
UNITED STATES -0.8%
-------------------------------------
OTHER 10.2%
-------------------------------------
CASH 10.9%
N/A -0.7%
-------------------------------------
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. 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 markets for particular securities or types of securities are or may become relatively illiquid. Reduced liquidity will have an adverse impact on the security's value and on the Fund's ability to sell such securities when necessary to meet the Fund's liquidity needs or in response to a specific market event. 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 MAY 31, 2016
TOTAL NET ASSETS: $948,336,100
NET ASSET VALUE PER SHARE: $7.07
OUTSTANDING SHARES: 134,144,158
PERCENT OF
TOTAL NET
ASSET ALLOCATION ASSETS PORTFOLIO CHARACTERISTICS
-------------------------------------- -------------------------------------
CASH & CASH EQUIVALENTS 20.5% WEIGHTED AVG. MATURITY 4.0186 yrs.
DERIVATIVES -2.4% WEIGHTED AVG. DURATION 1.0357 yrs.
FIXED INCOME 81.9% WEIGHTED AVG. COUPON 5.5768%
-----------
100.0%
PERCENT OF PERCENT OF
TOTAL NET TOTAL NET
NET CURRENCY DISTRIBUTION ASSETS COUNTRY DISTRIBUTION ASSETS
-------------------------------------- -------------------------------------
ASIA 7.7% ASIA 32.8%
-------------------------------------- -------------------------------------
INDIAN RUPEE 8.6% INDIA 4.7%
INDO RUPIAH 9.9% INDONESIA 8.8%
JAPANESE YEN -29.5% MALAYSIA 3.9%
MALAYSI RINGGIT 14.9% PHILIPPINES 2.1%
PHILIPPINE PESO 2.1% SOUTH KOREA 11.4%
SOUTH KOREAN WON -0.2% SRI LANKA 1.9%
-------------------------------------
SRI LANKA RUPEE 1.9% EUROPE 14.7%
-------------------------------------- -------------------------------------
AUSTRALIA/NEW ZEALAND -8.5% HUNGARY 1.7%
--------------------------------------
AUSTRALIAN DOLLAR -8.5% LITHUANIA 0.9%
--------------------------------------
EUROPE -37.8% POLAND 4.2%
--------------------------------------
EURO -42.0% PORTUGAL 2.7%
POLAND ZLOTY 4.2% SLOVENIA 0.2%
--------------------------------------
LATIN AMERICA 45.3% UKRAINE 4.9%
-------------------------------------- -------------------------------------
BRAZILIAN REAL 13.2% LATIN AMERICA 33.2%
-------------------------------------
CHILEAN PESO 6.8% BRAZIL 13.2%
COLOMBIAN PESO 1.8% COLOMBIA 1.8%
MEXICAN PESO 20.4% MEXICO 15.0%
PERU NUEVO SOL 3.2% PERU 3.2%
-------------------------------------- -------------------------------------
NORTH AMERICA 93.2% NORTH AMERICA -1.0%
-------------------------------------- -------------------------------------
US DOLLAR 93.2% UNITED STATES -1.0%
-------------------------------------- -------------------------------------
TOTAL 100.0% OTHER 20.3%
-------------------------------------- -------------------------------------
CASH 20.5%
N/A -1.5%
SUPRANATIONAL 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. 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 markets for particular securities or types of securities are or may become relatively illiquid. Reduced liquidity will have an adverse impact on the security's value and on the Fund's ability to sell such securities when necessary to meet the Fund's liquidity needs or in response to a specific market event. 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
