June 20, 2012 at 14:23 PM EDT
Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL -- (Marketwire) -- 06/20/12 -- 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, 2012:

  • 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 solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $683 billion in assets under management as of May 31, 2012. For more information, please call 1-800/DIAL BEN®or visit franklintempleton.com.



                       TEMPLETON EMERGING MARKETS FUND
                             AS OF MAY 31, 2012
                       TOTAL NET ASSETS: $330,535,926
                      NET ASSET VALUE PER SHARE: $18.28

                      PERCENT OF                                  PERCENT OF
                       TOTAL NET                                  TOTAL NET
ASSET ALLOCATION        ASSETS    TEN LARGEST POSITIONS             ASSETS
----------------------------------------------------------------------------
CASH & OTHER                0.5%  BRILLIANCE CHINA AUTOMOTIVE
                                  HOLDINGS LTD                          9.4%
EQUITY*                    99.5%  VALE SA                               5.3%
                      ------------
                          100.0%  DAIRY FARM INTERNATIONAL
                                  HOLDINGS LTD                          5.1%
                                  PT ASTRA INTERNATIONAL TBK            4.5%
                                  TATA CONSULTANCY SERVICES LTD         4.2%
                                  PETROLEO BRASILEIRO SA
                                  (PETROBRAS)                           3.8%
                                  AKBANK TAS                            3.6%
                                  PETROCHINA CO LTD                     3.5%
                                  BK CENTRAL ASIA                       3.4%
                                  KASIKORNBANK PCL                      3.4%
                                                                 -----------
                                                                       46.2%
                           PERCENT OF                             PERCENT OF
                            PORTFOLIO                             PORTFOLIO
INTERNATIONAL ALLOCATION   NET ASSETS  INDUSTRY ALLOCATION        NET ASSETS
-------------------------------------  -------------------------------------
ASIA                            71.3%  CONSUMER DISCRETIONARY          18.6%
-------------------------------------  -------------------------------------
CHINA                           20.2%  AUTOMOBILES & COMPONENTS        16.8%
HONG KONG                        7.9%  CONSUMER DURABLES &
                                       APPAREL                          1.8%
                                       -------------------------------------
INDIA                            9.5%  CONSUMER STAPLES                 7.8%
                                       -------------------------------------
INDONESIA                        8.5%  FOOD & STAPLES RETAILING         7.3%
PAKISTAN                         2.4%  HOUSEHOLD & PERSONAL
                                       PRODUCTS                         0.4%
                                       -------------------------------------
SOUTH KOREA                      5.5%  ENERGY                          25.5%
                                       -------------------------------------
THAILAND                        11.7%  FINANCIALS                      23.1%
                                       -------------------------------------
TURKEY                           5.5%  BANKS                           22.2%
-------------------------------------
EUROPE                          10.2%  REAL ESTATE                      0.9%
-------------------------------------  -------------------------------------
AUSTRIA                          0.8%  INDUSTRIALS                      2.8%
                                       -------------------------------------
HUNGARY                          0.9%  CAPITAL GOODS                    2.0%
POLAND                           0.1%  TRANSPORTATION                   0.8%
                                       -------------------------------------
RUSSIA                           6.7%  INFORMATION TECHNOLOGY           6.1%
                                       -------------------------------------
UNITED KINGDOM                   1.8%  SOFTWARE & SERVICES              4.2%
-------------------------------------
LATIN AMERICA                   17.7%  TECHNOLOGY HARDWARE &
                                       EQUIPMENT                        1.9%
-------------------------------------  -------------------------------------
BRAZIL                          15.5%  MATERIALS                       16.1%
                                       -------------------------------------
MEXICO                           2.2%  TOTAL EQUITY*                  100.0%
-------------------------------------  -------------------------------------
MID-EAST/AFRICA                  0.8%
-------------------------------------
JORDAN                           0.3%
SOUTH AFRICA                     0.5%
-------------------------------------
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. Since markets can go up and down, 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 and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy. The Fund's portfolio is actively managed and investment allocations can be expected to change. 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 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 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.

* EQUITY INCLUDES CONVERTIBLE AND PREFERRED SECURITIES.



                   TEMPLETON EMERGING MARKETS INCOME FUND
                             AS OF MAY 31, 2012
                       TOTAL NET ASSETS: $715,898,990
                      NET ASSET VALUE PER SHARE: $15.01

                      PERCENT OF
                       TOTAL NET
ASSET ALLOCATION        ASSETS    PORTFOLIO CHARACTERISTICS
--------------------------------  ------------------------------------------
CASH & OTHER                7.2%  WEIGHTED AVG. MATURITY         7.2443 yrs.
FIXED INCOME               92.8%  WEIGHTED AVG. DURATION         4.4908 yrs.
                      ----------
                          100.0%  WEIGHTED AVG. COUPON           7.5831%

                           PERCENT OF                             PERCENT OF
                            TOTAL NET                             TOTAL NET
NET CURRENCY DISTRIBUTION    ASSETS    COUNTRY DISTRIBUTION         ASSETS
-------------------------------------  -------------------------------------
ASIA                          -3.4%    ASIA                            11.8%
-------------------------------------  -------------------------------------
INDO RUPIAH                   4.5%     INDIA                            0.5%
JAPANESE YEN                 -11.7%    INDONESIA                        4.5%
MALAYSI RINGGIT               0.7%     SRI LANKA                        2.6%
SOUTH KOREAN WON              0.9%     TURKEY                           3.0%
SRI LANKA RUPEE               2.1%     VIETNAM                          1.0%
-------------------------------------  -------------------------------------
EUROPE                        3.1%     EUROPE                          34.9%
-------------------------------------  -------------------------------------
EURO MON UNIT                 -1.1%    BOSNIA AND HERZEGOVINA           0.7%
POLAND ZLOTY                  0.7%     CROATIA                          1.1%
UKRAINE HRYVNIA               3.6%     CYPRUS                           0.2%
-------------------------------------
LATIN AMERICA                 14.3%    GEORGIA                          0.5%
-------------------------------------
BRAZILIAN REAL                9.7%     HUNGARY                          2.3%
MEXICAN PESO                  4.6%     KAZAKHSTAN                       7.9%
-------------------------------------
MID-EAST/AFRICA               3.7%     LATVIA                           1.6%
-------------------------------------
GHANA CEDI NEW                2.6%     LITHUANIA                        1.7%
NIGERIAN NAIRA                1.1%     ROMANIA                          1.0%
-------------------------------------
NORTH AMERICA                 82.3%    RUSSIA                           6.8%
-------------------------------------
US DOLLAR                     82.3%    SERBIA                           1.6%
-------------------------------------
TOTAL                        100.0%    UKRAINE                          9.6%
-------------------------------------  -------------------------------------
                                       LATIN AMERICA                   28.4%
                                       -------------------------------------
                                       ARGENTINA                        7.4%
                                       BRAZIL                           9.7%
                                       COLOMBIA                         1.0%
                                       EL SALVADOR                      0.4%
                                       MEXICO                           6.8%
                                       PERU                             0.4%
                                       TRINIDAD AND TOBAGO              0.8%
                                       VENEZUELA                        2.0%
                                       -------------------------------------
                                       MID-EAST/AFRICA                 16.5%
                                       -------------------------------------
                                       GHANA                            4.5%
                                       IRAQ                             4.9%
                                       NIGERIA                          1.1%
                                       SOUTH AFRICA                     2.4%
                                       UNITED ARAB EMIRATES             3.6%
                                       -------------------------------------
                                       OTHER                            6.7%
                                       -------------------------------------
                                       SUPRANATIONAL                    0.7%
                                       CASH                             5.4%
                                       DERIVATIVES                      0.6%
                                       -------------------------------------
                                       NORTH AMERICA                    1.7%
                                       -------------------------------------
                                       UNITED STATES                    1.7%
                                       -------------------------------------
                                       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. Since markets can go up and down, 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 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. The Fund's portfolio is actively managed and investment allocations can be expected to change. 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 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 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 GLOBAL INCOME FUND
                             AS OF MAY 31, 2012
                      TOTAL NET ASSETS: $1,134,534,498
                      NET ASSET VALUE PER SHARE: $8.53

                      PERCENT OF
                       TOTAL NET
ASSET ALLOCATION        ASSETS    PORTFOLIO CHARACTERISTICS
--------------------------------  ------------------------------------------
CASH & OTHER                5.7%  WEIGHTED AVG. MATURITY         3.8915 yrs.
FIXED INCOME               94.3%  WEIGHTED AVG. DURATION         2.0430 yrs.
                      ----------
                          100.0%  WEIGHTED AVG. COUPON           5.4075%

                           PERCENT OF                             PERCENT OF
                            TOTAL NET                             TOTAL NET
NET CURRENCY DISTRIBUTION    ASSETS    COUNTRY DISTRIBUTION         ASSETS
-------------------------------------  -------------------------------------
ASIA                            30.0%  ASIA                            31.7%
-------------------------------------  -------------------------------------
INDIAN RUPEE                     3.8%  INDONESIA                        5.1%
INDO RUPIAH                      5.1%  MALAYSIA                         5.1%
JAPANESE YEN                   -22.5%  PHILIPPINES                      0.2%
MALAYSI RINGGIT                 14.9%  SINGAPORE                        2.2%
PHILIPPINE PESO                  4.9%  SOUTH KOREA                     15.9%
SINGAPORE DOLLAR                 4.3%  SRI LANKA                        2.4%
SOUTH KOREAN WON                17.0%  VIETNAM                          0.9%
                                       -------------------------------------
SRI LANKA RUPEE                  2.4%  AUSTRALIA/NEW ZEALAND            9.7%
-------------------------------------  -------------------------------------
AUSTRALIA/NEW ZEALAND           10.9%  AUSTRALIA                        9.7%
-------------------------------------  -------------------------------------
AUSTRALIAN DOLLAR               10.9%  EUROPE                          29.4%
-------------------------------------  -------------------------------------
EUROPE                           0.7%  HUNGARY                          3.6%
-------------------------------------
BRITISH POUND                    5.4%  ICELAND                          0.3%
EURO MON UNIT                  -35.7%  IRELAND                          4.2%
HUNGARY FORINT                   1.0%  LITHUANIA                        2.5%
NORWEGIAN KRONE                  6.3%  POLAND                          12.0%
POLAND ZLOTY                    11.0%  RUSSIA                           0.6%
SWEDISH KRONA                   12.7%  SWEDEN                           4.7%
-------------------------------------
LATIN AMERICA                   28.2%  UNITED KINGDOM                   1.6%
-------------------------------------  -------------------------------------
BRAZILIAN REAL                   9.5%  LATIN AMERICA                   19.7%
                                       -------------------------------------
CHILEAN PESO                     7.6%  ARGENTINA                        1.0%
MEXICAN PESO                     7.2%  BRAZIL                           9.5%
PERU NUEVO SOL                   3.9%  MEXICO                           4.8%
-------------------------------------
MID-EAST/AFRICA                  4.6%  PERU                             3.9%
-------------------------------------
ISRAELI SHEKEL                   4.6%  VENEZUELA                        0.6%
-------------------------------------  -------------------------------------
NORTH AMERICA                   25.5%  MID-EAST/AFRICA                  2.8%
-------------------------------------  -------------------------------------
US DOLLAR                       25.5%  ISRAEL                           2.8%
-------------------------------------  -------------------------------------
TOTAL                          100.0%  NORTH AMERICA                   -0.8%
-------------------------------------  -------------------------------------
                                       UNITED STATES                   -0.8%
                                       -------------------------------------
                                       OTHER                            7.4%
                                       -------------------------------------
                                       SUPRANATIONAL                    2.3%
                                       CASH                             4.0%
                                       DERIVATIVES                      1.1%
                                       -------------------------------------
                                       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. Since markets can go up and down, 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 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. The Fund's portfolio is actively managed and investment allocations can be expected to change. 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 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 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.

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

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