Templeton Releases Closed-End Funds’ Portfolio Allocation Updates

FORT LAUDERDALE, Fla., July 18, 2017 (GLOBE NEWSWIRE) -- 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, 2017:

• 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 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 170 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 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network.  With offices in over 30 countries, the California–based company has 70 years of investment experience and over $742 billion in assets under management as of June 30, 2017.  For more information, please visit franklintempleton.com.

This press release contains statistical data regarding the Fund’s portfolio. The Fund’s complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Fund’s Annual and Semi-Annual Report 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 Fund’s 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 JUNE 30, 2017
TOTAL NET ASSETS: $787,103,066
NET ASSET VALUE PER SHARE: $23.00
OUTSTANDING SHARES: 34,228,891
ASSET ALLOCATION	PERCENT OF TOTAL NET ASSETS			TEN LARGEST POSITIONS	PERCENT OF TOTAL NET ASSETS
CASH & OTHER	2.0	%		TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD	9.8	%
EQUITY*	98.0	%		TENCENT HOLDINGS LTD	9.0	%
	100.0	%		ALIBABA GROUP HOLDING LTD	5.6	%
				CHINA PETROLEUM & CHEMICAL CORP	4.9	%
				NINE DRAGONS PAPER HOLDINGS LTD	4.7	%
				DAIRY FARM INTERNATIONAL HOLDINGS LTD	3.4	%
				ANTA SPORTS PRODUCTS LTD	3.3	%
				AIA GROUP LTD	3.1	%
				CHINA CONSTRUCTION BANK CORP	2.7	%
				UNI-PRESIDENT CHINA HOLDINGS LTD	2.6	%
					49.1	%

INTERNATIONAL ALLOCATION	PERCENT OF TOTAL NET ASSETS			INDUSTRY ALLOCATION	PERCENT OF TOTAL NET ASSETS
ASIA	100.0	%		CONSUMER DISCRETIONARY	10.2	%
CHINA	78.6	%		AUTOMOBILES & COMPONENTS	4.5	%
HONG KONG	9.9	%		CONSUMER DURABLES & APPAREL	4.0	%
TAIWAN	11.5	%		MEDIA	0.3	%
TOTAL EQUITY*	100.0	%		RETAILING	1.4	%
				CONSUMER STAPLES	6.6	%
				FOOD & STAPLES RETAILING	3.6	%
				FOOD, BEVERAGE & TOBACCO	3.0	%
				ENERGY	6.5	%
				FINANCIALS	33.3	%
				BANKS	4.5	%
				DIVERSIFIED FINANCIALS	24.6	%
				INSURANCE	4.3	%
				HEALTH CARE	0.8	%
				HEALTH CARE EQUIPMENT & SERVICES	0.4	%
				PHARMACEUTICALS, BIOTECHNOLOGY & LIFESCIENCES	0.4	%
				INDUSTRIALS	3.6	%
				CAPITAL GOODS	1.5	%
				TRANSPORTATION	2.1	%
				INFORMATION TECHNOLOGY	28.0	%
				SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT	10.0	%
				SOFTWARE & SERVICES	17.9	%
				TECHNOLOGY HARDWARE & EQUIPMENT	0.2	%
				MATERIALS	5.9	%
				REAL ESTATE	0.8	%
				TELECOMMUNICATION SERVICES	2.6	%
				UTILITIES	1.5	%
				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 non-diversified 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 EMERGING MARKETS INCOME FUND
AS OF JUNE 30, 2017
TOTAL NET ASSETS: $613,163,756
NET ASSET VALUE PER SHARE: $12.78
OUTSTANDING SHARES: 47,998,418
ASSET ALLOCATION	PERCENT OF TOTAL NET ASSETS			PORTFOLIO CHARACTERISTICS
CASH & CASH EQUIVALENTS	15.0	%		WEIGHTED AVG. MATURITY	6.4573 yrs.
DERIVATIVES	0.8	%		WEIGHTED AVG. DURATION	1.5594 yrs.
FIXED INCOME	84.2	%
	100.0	%

NET CURRENCY DISTRIBUTION*	PERCENT OF TOTAL NET ASSETS			COUNTRY DISTRIBUTION	PERCENT OF TOTAL NET ASSETS
ASIA	-4.5	%		ASIA	8.3	%
INDIAN RUPEE	1.1	%		INDIA	1.1	%
INDO RUPIAH	7.2	%		INDONESIA	7.2	%
JAPANESE YEN	-12.9	%		EUROPE	11.6	%
AUSTRALIA	-3.3	%		CROATIA	1.4	%
AUSTRALIAN DOLLAR	-3.3	%		ETHIOPIA	1.6	%
EUROPE	-6.7	%		SERBIA	2.0	%
EURO	-6.7	%		UKRAINE	6.6	%
LATIN AMERICA	33.6	%		LATIN AMERICA/CARIBBEAN	26.9	%
ARGENTINE PESO	7.3	%		ARGENTINA	7.3	%
BRAZILIAN REAL	8.1	%		BRAZIL	8.1	%
COLOMBIAN PESO	3.4	%		CHILE	2.1	%
MEXICAN PESO	14.8	%		COLOMBIA	3.4	%
MID-EAST/AFRICA	4.9	%		COSTA RICA	2.5	%
EGYPTIAN POUND	0.1	%		DOMINICAN REPUBLIC	2.5	%
GHANA CEDI NEW	3.3	%		EL SALVADOR	0.4	%
SOUTH AFRICAN RAND	1.5	%		MEXICO	0.5	%
NORTH AMERICA	76.0	%		PERU	0.1	%
US DOLLAR	76.0	%		MID-EAST/AFRICA	36.3	%
TOTAL	100.0	%		EGYPT	0.1	%
				GHANA	3.3	%
				IRAQ	4.1	%
				KENYA	7.6	%
				SENEGAL	5.0	%
				THE DEMOCRATIC REPUBLIC OF THE CONGO	1.7	%
				SOUTH AFRICA	4.5	%
				ZAMBIA	10.0	%
				NORTH AMERICA	1.1	%
				BERMUDA	0.5	%
				CANADA	0.7	%
				OTHER	15.8	%
				CASH	15.0	%
				DERIVATIVES	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. Sovereign debt securities are subject to various risks in addition to those relating to debt securities and foreign securities generally, including, but not limited to, the risk that a government entity may be unwilling or unable to pay interest and repay principal on its sovereign debt, or otherwise meet its obligations when due. 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.  Derivatives, including currency management strategies, involve costs and can create economic leverage in the portfolio that may result in significant volatility and cause the Fund to participate in losses (as well as enable gains) on an amount that exceeds the Fund’s initial investment. The Fund may not achieve the anticipated benefits and may realize losses when a counterparty fails to perform as promised. 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. Figures may not total 100% or maybe negative due to rounding, use of derivatives or other factors. The country weightings do not include the impact of currency forwards.

* Net currency distribution may include unsettled trades.

TEMPLETON GLOBAL INCOME FUND
AS OF JUNE 30, 2017
TOTAL NET ASSETS: $999,731,052
NET ASSET VALUE PER SHARE: $7.45
OUTSTANDING SHARES: 134,144,158
ASSET ALLOCATION	PERCENT OF TOTAL NET ASSETS			PORTFOLIO CHARACTERISTICS
CASH & CASH EQUIVALENTS	24.4	%		WEIGHTED AVG. MATURITY	3.9071 yrs.
DERIVATIVES	-0.3	%		WEIGHTED AVG. DURATION	-0.2875 yrs.
FIXED INCOME	76.0	%
	100.0	%

NET CURRENCY DISTRIBUTION*	PERCENT OF TOTAL NET ASSETS			COUNTRY DISTRIBUTION	PERCENT OF TOTAL NET ASSETS
AFRICA	3.3	%		AFRICA	3.3	%
GHANA CEDI NEW	1.7	%		GHANA	1.7	%
SOUTH AFRICAN RAND	1.6	%		SOUTH AFRICA	1.6	%
ASIA	-12.5	%		ASIA	25.8	%
INDIAN RUPEE	11.6	%		INDIA	7.7	%
INDO RUPIAH	10.8	%		INDONESIA	9.7	%
JAPANESE YEN	-32.0	%		PHILIPPINES	3.5	%
MALAYSIAN RINGGIT	0.2	%		SOUTH KOREA	4.9	%
PHILIPPINE PESO	3.5	%		EUROPE	1.6	%
SOUTH KOREAN WON	-6.6	%		UKRAINE	1.6	%
AUSTRALIA	-8.7	%		LATIN AMERICA	44.1	%
AUSTRALIAN DOLLAR	-8.7	%		ARGENTINA	4.7	%
EUROPE	-37.0	%		BRAZIL	13.8	%
EURO	-37.0	%		COLOMBIA	4.1	%
LATIN AMERICA	49.4	%		MEXICO	18.2	%
ARGENTINE PESO	4.7	%		PERU	3.3	%
BRAZILIAN REAL	13.8	%		OTHER	25.2	%
CHILEAN PESO	0.3	%		CASH	24.4	%
COLOMBIAN PESO	4.1	%		DERIVATIVES	-0.3	%
MEXICAN PESO	23.2	%		SUPRANATIONAL	1.1	%
PERU NUEVO SOL	3.3	%		TOTAL	100.0	%
NORTH AMERICA	105.3	%
US DOLLAR	105.3	%
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. Sovereign debt securities are subject to various risks in addition to those relating to debt securities and foreign securities generally, including, but not limited to, the risk that a government entity may be unwilling or unable to pay interest and repay principal on its sovereign debt, or otherwise meet its obligations when due. 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. Derivatives, including currency management strategies, involve costs and can create economic leverage in the portfolio that may result in significant volatility and cause the Fund to participate in losses (as well as enable gains) on an amount that exceeds the Fund’s initial investment. The Fund may not achieve the anticipated benefits and may realize losses when a counterparty fails to perform as promised. As a non-diversified 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. Figures may not total 100% or maybe negative due to rounding, use of derivatives or other factors. The country weightings do not include the impact of currency forwards.

* Net currency distribution may include unsettled trades.

For more information, please contact Franklin Templeton Investments at 1-800-342-5236.