FRANKLIN RESOURCES, INC. 
By 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 June 30, 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 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 and Fiduciary Trust investment teams. The San Mateo, CA-based company has more than 50 years of investment experience and $624 billion in assets under management as of June 30, 2007. For more information, please call 1-800/DIAL BEN® (1-800-342-5236) or visit franklintempleton.com.
TEMPLETON DRAGON FUND, INC. | ||||
AS OF JUNE 30, 2007 | ||||
TOTAL NET ASSETS: $1,174,548,748 | ||||
NET ASSET VALUE PER SHARE: $31.01 | ||||
ASSET ALLOCATION | PERCENT OF TOTAL NET ASSETS |
TEN LARGEST POSITIONS | PERCENT OF TOTAL NET ASSETS | |
| CASH & OTHER | 0.9% | DAIRY FARM INTERNATIONAL HOLDINGS LTD | 13.3% | |
| FIXED INCOME | 0.0% | CHINA PETROLEUM & CHEMICAL CORP | 9.7% | |
EQUITY(a) | 99.1% | CHINA MOBILE LTD | 9.0% | |
| 100.0% | PETROCHINA CO LTD | 5.9% | ||
| CHINA CONSTRUCTION BANK | 4.2% | |||
| CNOOC LTD | 3.6% | |||
| CHEUNG KONG INFRASTRUCTURE HOLDINGS LTD | 3.5% | |||
| ASUSTEK COMPUTER INC | 2.9% | |||
| CITIC PACIFIC LTD | 2.9% | |||
CHINA INTERNATIONAL MARINE CONTAINERS (GROUP) CO | 2.6% | |||
| 57.6% | ||||
INTERNATIONAL ALLOCATION | PERCENT OF TOTAL NET ASSETS |
INDUSTRY ALLOCATION | PERCENT OF TOTAL NET ASSETS | |
| ASIA | 97.7% | CONSUMER DISCRETIONARY | 6.5% | |
| CAMBODIA | 0.3% | AUTOMOBILES & COMPONENTS | 2.7% | |
| CHINA | 59.1% | CONSUMER DURABLES & APPAREL | 0.7% | |
| HONG KONG | 21.9% | CONSUMER SERVICES | 0.5% | |
| SINGAPORE | 0.4% | MEDIA | 0.1% | |
| SOUTH KOREA | 0.6% | RETAILING | 2.5% | |
| TAIWAN | 15.4% | CONSUMER STAPLES | 14.2% | |
| EUROPE | 2.3% | FOOD & STAPLES RETAILING | 13.4% | |
| UNITED KINGDOM | 2.3% | FOOD BEVERAGE & TOBACCO | 0.7% | |
| TOTAL NET ASSETS | 100.0% | ENERGY | 22.4% | |
| FINANCIALS | 13.9% | |||
| BANKS | 11.9% | |||
| INSURANCE | 0.4% | |||
| REAL ESTATE | 1.5% | |||
| HEALTH CARE | 0.2% | |||
|
PHARMACEUTICALS BIOTECHNOLOGY &
LIFE SCIENCES | 0.2% | |||
| INDUSTRIALS | 12.3% | |||
| CAPITAL GOODS | 8.9% | |||
| TRANSPORTATION | 3.4% | |||
| INFORMATION TECHNOLOGY | 11.6% | |||
| SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT | 4.5% | |||
| SOFTWARE & SERVICES | 0.4% | |||
| TECHNOLOGY HARDWARE & EQUIPMENT | 6.7% | |||
| MATERIALS | 0.1% | |||
| TELECOMMUNICATION SERVICES | 11.8% | |||
| UTILITIES | 7.0% | |||
| 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.
(a) Equity includes convertible and preferred securities.
TEMPLETON GLOBAL INCOME FUND | ||||
AS OF JUNE 30, 2007 | ||||
TOTAL NET ASSETS: $1,192,547,848 | ||||
NET ASSET VALUE PER SHARE: $9.12 | ||||
ASSET ALLOCATION | PERCENT OF TOTAL NET ASSETS |
PORTFOLIO CHARACTERISTICS | ||
| CASH & OTHER | 14.8% | WEIGHTED AVG. CREDIT QUALITY | A | |
| FIXED INCOME | 85.2% | WEIGHTED AVG. MATURITY | 4.52 yrs. | |
| 100.0% | WEIGHTED AVG. DURATION | 2.43 yrs. | ||
| WEIGHTED AVG. COUPON | 5.234% | |||
NET CURRENCY DISTRIBUTION | PERCENT OF TOTAL NET ASSETS |
COUNTRY DISTRIBUTION | PERCENT OF TOTAL NET ASSETS | |
| ASIA | 46.2% | ASIA | 38.1% | |
| INDIAN RUPEE | 4.9% | INDIA | 4.9% | |
| INDO RUPIAH | 8.8% | INDONESIA | 8.8% | |
| JAPANESE YEN | 12.7% | JAPAN | 4.4% | |
| MALAYSI RINGGIT | 8.8% | MALAYSIA | 8.8% | |
| SOUTH KOREA WON | 8.6% | PHILIPPINES | 0.1% | |
| SINGAPORE DOLLAR | 1.6% | SINGAPORE | 1.6% | |
| THAILAND BAHT | 0.8% | SOUTH KOREA | 8.6% | |
| AUSTRALIA/NEW ZEALAND | 3.0% | THAILAND | 0.8% | |
| AUSTRALIAN DLR | 3.5% | AUSTRALIA/NEW ZEALAND | 1.3% | |
| N ZEAL DOLLAR | -0.5% | AUSTRALIA | 3.5% | |
| EUROPE | 30.8% | NEW ZEALAND | -2.2% | |
| EURO | 0.1% | EUROPE | 29.0% | |
| ICELAND KRONA | 2.7% | EURO COMMUNITY | -0.5% | |
| KAZAKHSTAN TENGE | 3.0% | GERMANY | 4.6% | |
| NORWEGIAN KRONE | 5.2% | ICELAND | 0.7% | |
| POLAND ZLOTY | 8.3% | KAZAKHSTAN | 3.0% | |
| ROMANIA LEU-NEW | 0.2% | NORWAY | 5.2% | |
| SLOVAK KORUNA | 1.7% | POLAND | 4.5% | |
| SWEDISH KRONA | 9.5% | ROMANIA | 0.2% | |
| LATIN AMERICA | 11.7% | SLOVAK REPUBLIC | 1.7% | |
| BRAZILIAN REAL | 6.4% | SWEDEN | 9.5% | |
| CHILEAN PESO | 1.0% | LATIN AMERICA | 14.3% | |
| COLUMBIAN PESO | 0.5% | ARGENTINA | 4.0% | |
| MEXICAN PESO | 0.1% | BRAZIL | 6.4% | |
| PERU NUEVO SOL | 3.6% | CHILE | 1.0% | |
| MID-EAST/AFRICA | 3.1% | COLUMBIA | 0.5% | |
| EGYPTIAN POUND | 3.1% | MEXICO | -1.3% | |
| NORTH AMERICA | 5.2% | PERU | 3.6% | |
| CANADIAN DOLLAR | 4.6% | MID-EAST/AFRICA | 4.2% | |
| US DOLLAR | 0.6% | EGYPT | 3.1% | |
| TOTAL | 100.0% | IRAQ | 1.0% | |
| NORTH AMERICA | 5.2% | |||
| CANADA | 6.0% | |||
| UNITED STATES | -0.7% | |||
| OTHER | 8.0% | |||
| SUPRANATIONAL | 8.0% | |||
| 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.
TEMPLETON RUSSIA AND EAST EUROPEAN FUND, INC. | ||||
AS OF JUNE 30, 2007 | ||||
TOTAL NET ASSETS: $349,504,657 | ||||
NET ASSET VALUE PER SHARE: $63.78 | ||||
ASSET ALLOCATION | PERCENT OF TOTAL NET ASSETS |
TEN LARGEST POSITIONS | PERCENT OF TOTAL NET ASSETS | |
| CASH & OTHER | 3.9% | SBERBANK RF | 15.8% | |
| FIXED INCOME | 0.0% | UNIFIED ENERGY SYSTEMS | 14.8% | |
EQUITY(a) | 96.1% | MINING AND METALLURGICAL CO NORILSK NICKEL | 9.5% | |
| 100.0% | LUKOIL HOLDINGS | 9.2% | ||
| CHEREPOVETS MK SEVERSTAL | 6.6% | |||
| VOLGATELECOM | 5.4% | |||
| EGIS NYRT | 4.7% | |||
| SIBIRTELECOM | 4.7% | |||
| GAZPROM OAO | 3.5% | |||
SOUTHERN TELECOMMUNICATIONS COMPANY | 3.5% | |||
| 77.7% | ||||
