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, 2007:
- 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 Fund’s investment advisers 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 and Fiduciary Trust investment teams. The San Mateo, CA-based company has more than 50 years of investment experience and $576 billion in assets under management as of March 31, 2007. For more information, please call 1-800/DIAL BEN® (1-800-342-5236) or visit franklintempleton.com.
| TEMPLETON DRAGON FUND, INC. | ||||||
| AS OF MARCH 31, 2007 | ||||||
| TOTAL NET ASSETS: $977,652,414 | ||||||
| NET ASSET VALUE PER SHARE: $25.81 | ||||||
ASSET ALLOCATION | PERCENT OF TOTAL | TEN LARGEST POSITIONS | PERCENT OF TOTAL | |||
| CASH & OTHER | 0.8% | DAIRY FARM INTERNATIONAL HOLDINGS LTD | 13.8% | |||
| FIXED INCOME | 0.0% | CHINA MOBILE LTD | 9.6% | |||
EQUITY1 | 99.2% | CHINA PETROLEUM & CHEMICAL CORP | 8.9% | |||
| 100.0% | PETROCHINA CO LTD | 5.7% | ||||
| CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD | 3.9% | |||||
| HSBC HOLDINGS PLC | 3.6% | |||||
| ASUSTEK COMPUTER INC | 3.0% | |||||
| CNOOC LTD | 2.9% | |||||
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | 2.8% | |||||
| CHINA RESOURCES ENTERPRISE LTD | 2.7% | |||||
| 57.0% | ||||||
INTERNATIONAL ALLOCATION | PERCENT OF TOTAL | INDUSTRY ALLOCATION | PERCENT OF TOTAL | |||
| ASIA | 96.4% | CONSUMER DISCRETIONARY | 7.2% | |||
| CHINA | 54.1% | AUTOMOBILES & COMPONENTS | 2.5% | |||
| HONG KONG | 25.2% | CONSUMER DURABLES & APPAREL | 0.7% | |||
| SOUTH KOREA | 0.7% | CONSUMER SERVICES | 0.7% | |||
| TAIWAN | 16.2% | MEDIA | 0.2% | |||
| VIETNAM | 0.3% | RETAILING | 3.1% | |||
| EUROPE | 3.6% | CONSUMER STAPLES | 14.1% | |||
| UNITED KINGDOM | 3.6% | FOOD & STAPLES RETAILING | 13.9% | |||
| TOTAL NET ASSETS | 100.0% | FOOD BEVERAGE & TOBACCO | 0.2% | |||
| ENERGY | 20.2% | |||||
| FINANCIALS | 15.4% | |||||
| BANKS | 12.3% | |||||
| INSURANCE | 0.4% | |||||
| REAL ESTATE | 2.6% | |||||
| HEALTH CARE | 0.1% | |||||
|
PHARMACEUTICAL BIOTECHNOLOGY &
LIFE SCIENCES | 0.1% | |||||
| INDUSTRIALS | 12.4% | |||||
| CAPITAL GOODS | 8.1% | |||||
| TRANSPORTATION | 4.3% | |||||
| INFORMATION TECHNOLOGY | 11.5% | |||||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 4.3% | |||||
| SOFTWARE & SERVICES | 0.5% | |||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 6.7% | |||||
| MATERIALS | 0.1% | |||||
| TELECOMMUNICATION SERVICES | 12.1% | |||||
| UTILITIES | 6.9% | |||||
| TOTAL NET ASSETS | 100.0% | |||||
You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800-DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, 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. The Fund's portfolio is actively managed and investment allocations can be expected to change.
1 Equity includes convertible and preferred securities.
| TEMPLETON GLOBAL INCOME FUND | ||||||
| AS OF MARCH 31, 2007 | ||||||
| TOTAL NET ASSETS: $1,165,099,255 | ||||||
| NET ASSET VALUE PER SHARE: $8.92 | ||||||
ASSET ALLOCATION | PERCENT OF TOTAL | PORTFOLIO CHARACTERISTICS | ||||
| CASH & OTHER | 12.1% | WEIGHTED AVG. CREDIT QUALITY | A | |||
| FIXED INCOME | 87.9% | WEIGHTED AVG. MATURITY | 3.85 yrs. | |||
EQUITY1 | 0.0% | WEIGHTED AVG. DURATION | 2.42 yrs. | |||
| 100.0% | WEIGHTED AVG. COUPON | 5.78% | ||||
NET CURRENCY DISTRIBUTION | PERCENT OF TOTAL | COUNTRY DISTRIBUTION | PERCENT OF TOTAL | |||
| ASIA | 48.8% | ASIA | 40.9% | |||
| INDIAN RUPEE | 4.3% | INDIA | 4.3% | |||
| INDO RUPIAH | 8.5% | INDONESIA | 8.5% | |||
| JAPANESE YEN | 13.6% | JAPAN | 4.8% | |||
| MALAYSI RINGGIT | 2.4% | MALAYSIA | 2.4% | |||
| SOUTH KOREA WON | 11.5% | PHILIPPINES | 0.8% | |||
| SINGAPORE DOLLAR | 1.7% | SINGAPORE | 1.7% | |||
| THAILAND BAHT | 6.9% | SOUTH KOREA | 11.5% | |||
| AUSTRALIA/NEW ZEALAND | 3.1% | THAILAND | 6.9% | |||
| AUSTRALIAN DLR | 3.4% | AUSTRALIA/NEW ZEALAND | 1.4% | |||
| N ZEAL DOLLAR | -0.4% | AUSTRALIA | 3.4% | |||
| EUROPE | 29.7% | NEW ZEALAND | -2.0% | |||
| EURO | 0.2% | EUROPE | 31.2% | |||
| ICELAND KRONA | 2.6% | EURO COMMUNITY | -1.1% | |||
| KAZAKHSTAN TENGE | 2.1% | GERMANY | 4.7% | |||
| NORWEGIAN KRONE | 4.7% | ICELAND | 0.7% | |||
| POLAND ZLOTY | 8.2% | KAZAKHSTAN | 2.1% | |||
| ROMANIA LEU-NEW | 0.9% | NORWAY | 4.7% | |||
| SLOVAK KORUNA | 1.8% | POLAND | 8.2% | |||
| SWEDISH KRONA | 9.3% | ROMANIA | 0.9% | |||
| LATIN AMERICA | 9.9% | SLOVAK REPUBLIC | 1.8% | |||
| BRAZILIAN REAL | 5.1% | SWEDEN | 9.3% | |||
| CHILEAN PESO | 1.0% | LATIN AMERICA | 13.9% | |||
| MEXICAN PESO | 0.1% | ARGENTINA | 4.0% | |||
| PERU NUEVO SOL | 3.7% | BRAZIL | 5.1% | |||
| MID-EAST/AFRICA | 2.9% | CHILE | 1.0% | |||
| EGYPTIAN POUND | 2.9% | MEXICO | 0.1% | |||
| NORTH AMERICA | 5.5% | PERU | 3.7% | |||
| CANADIAN DOLLAR | 6.1% | MID-EAST/AFRICA | 4.0% | |||
| US DOLLAR | -0.6% | EGYPT | 2.9% | |||
| TOTAL | 100.0% | IRAQ | 1.1% | |||
| NORTH AMERICA | 5.7% | |||||
| CANADA | 7.5% | |||||
| UNITED STATES | -1.8% | |||||
| OTHER | 3.0% | |||||
| SUPRANATIONAL | 3.0% | |||||
| TOTAL | 100.0% | |||||
You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800/DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, 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. The Fund's portfolio is actively managed and investment allocations can be expected to change.
1 Equity includes convertible and preferred securities.
| TEMPLETON RUSSIA AND EAST EUROPEAN FUND, INC. | ||||||
| AS OF MARCH 31, 2007 | ||||||
| TOTAL NET ASSETS: $368,845,351 | ||||||
| NET ASSET VALUE PER SHARE: $67.48 | ||||||
ASSET ALLOCATION | PERCENT OF TOTAL | TEN LARGEST POSITIONS | PERCENT OF TOTAL | |||
| CASH & OTHER | 2.4% | UNIFIED ENERGY SYSTEMS | 14.0% | |||
| FIXED INCOME | 0.0% | SBERBANK RF | 13.8% | |||
EQUITY1 | 97.6% | LUKOIL HOLDINGS | 9.9% | |||
| 100.0% | MINING AND METALLURGICAL CO NORILSK NICKEL | 7.9% | ||||
| CHEREPOVETS MK SEVERSTAL | 6.2% | |||||
| VOLGATELECOM | 6.1% | |||||
| SIBIRTELECOM | 5.0% | |||||
| EGIS NYRT | 4.1% | |||||
| CHELYABINSK PIPE WORKS | 3.4% | |||||
| GAZPROM OAO | 3.4% | |||||
| 73.9% | ||||||
INTERNATIONAL ALLOCATION | PERCENT OF TOTAL | INDUSTRY ALLOCATION | PERCENT OF TOTAL | |||
| EUROPE | 100.0% | CONSUMER STAPLES | 0.2% | |||
| AUSTRIA | 1.2% | FOOD & STAPLES RETAILING | 0.2% | |||
| HUNGARY | 4.2% | ENERGY | 19.3% | |||
| POLAND | 1.4% | FINANCIALS | 16.4% | |||
| RUSSIA | 93.2% | BANKS | 15.3% | |||
TOTAL EQUITY1 | 100.0% | REAL ESTATE | 1.2% | |||
| HEALTH CARE | 4.8% | |||||
|
PHARMACEUTICALS BIOTECHNOLOGY &
LIFE SCIENCES | 4.8% | |||||
| INDUSTRIALS | 0.4% | |||||
| CAPITAL GOODS | 0.4% | |||||
| INFORMATION TECHNOLOGY | 0.8% | |||||
| TECHNOLOGY HARDWARE & EQUIPMENT | 0.8% | |||||
| MATERIALS | 21.1% | |||||
| TELECOMMUNICATION SERVICES | 22.0% | |||||
| UTILITIES | 14.9% | |||||
TOTAL EQUITY1 | 100.0% | |||||
You may request a copy of the Fund's current Report to Shareholders by contacting Fund Information at 1-800-DIAL BEN® (1-800-342-5236). Since markets can go down as well as up, 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. The Fund's portfolio is actively managed and investment allocations can be expected to change.
1 Equity includes convertible and preferred securities.
