-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HsPINjZvTRIosMAeSas1tkV4gFzDENqi/2CbzqbLBkqCyqva97xHKP5r6s07frOU WrxIlofuFImmdFMZ0YRwKQ== 0000828803-05-000004.txt : 20050128 0000828803-05-000004.hdr.sgml : 20050128 20050128101211 ACCESSION NUMBER: 0000828803-05-000004 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041130 FILED AS OF DATE: 20050128 DATE AS OF CHANGE: 20050128 EFFECTIVENESS DATE: 20050128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEMPLETON GLOBAL INCOME FUND CENTRAL INDEX KEY: 0000828803 IRS NUMBER: 222864496 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05459 FILM NUMBER: 05556048 BUSINESS ADDRESS: STREET 1: BROWARD FINANCIAL CENTRE STREET 2: 500 EAST BROWARD BLVD., SUITE 2100 CITY: FORT LAUDERDALE STATE: FL ZIP: 33394-3091 BUSINESS PHONE: 9545277500 MAIL ADDRESS: STREET 1: BROWARD FINANCIAL CENTRE STREET 2: 500 EAST BROWARD BLVD., SUITE 2100 CITY: FORT LAUDERDALE STATE: FL ZIP: 33394-3091 FORMER COMPANY: FORMER CONFORMED NAME: TEMPLETON GLOBAL INCOME FUND INC DATE OF NAME CHANGE: 19920703 N-Q 1 gim-nq1104.txt GIM N-Q PE 11/30/04 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-05459 --------- TEMPLETON GLOBAL INCOME FUND -------------------------------------------------- (Exact name of registrant as specified in charter) 500 EAST BROWARD BLVD., SUITE 2100, FORT LAUDERDALE, FL 33394-3091 -------------------------------------------------------------------- (Address of principal executive offices) (Zip code) MURRAY L. SIMPSON, ONE FRANKLIN PARKWAY, SAN MATEO, CA 94403-1906 ------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (954) 527-7500 -------------- Date of fiscal year end: 08/31 ----- Date of reporting period: 11/30/04 -------- ITEM 1. SCHEDULE OF INVESTMENTS. TEMPLETON GLOBAL INCOME FUND QUARTERLY STATEMENT OF INVESTMENTS NOVEMBER 30, 2004 - -------------------------------------------------------------------------------- CONTENTS Statement of Investments .................................................. 2 Notes to Statement of Investments ......................................... 6 [LOGO](R) FRANKLIN(R) TEMPLETON(R) INVESTMENTS Franklin o TEMPLETON o Mutual Series Quarterly Statement of Investments | 1 TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, NOVEMBER 30, 2004 (UNAUDITED)
- ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL AMOUNT(a) VALUE - ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS 94.6% AUSTRALIA 5.9% New South Wales Treasury Corp., 6.50%, 5/01/06 ........................................................................ 15,781,000 AUD $ 12,397,853 8.00%, 3/01/08 ........................................................................ 6,200,000 AUD 5,173,958 6.00%, 5/01/12 ........................................................................ 10,200,000 AUD 8,133,179 Queensland Treasury Corp., 6.00%, 7/14/09 ........................................................................ 4,100,000 AUD 3,260,569 6.00%, 8/14/13 ........................................................................ 56,500,000 AUD 45,418,168 ------------ 74,383,727 ------------ AUSTRIA 2.4% Republic of Austria, 5.50%, 10/20/07 ....................................................................... 15,900,000 EUR 22,805,454 5.00%, 7/15/12 ........................................................................ 4,580,000 EUR 6,686,020 ------------ 29,491,474 ------------ BELGIUM 2.9% Kingdom of Belgium, 8.50%, 10/01/07 ....................................................................... 19,718,000 EUR 30,362,135 5.00%, 9/28/12 ........................................................................ 3,840,000 EUR 5,602,097 ------------ 35,964,232 ------------ BRAZIL .6% Republic of Brazil, DCB, L, FRN, 3.125%, 4/15/12 ......................................... 8,147,712 7,623,203 ------------ CANADA 2.3% Government of Canada, 8.75%, 12/01/05 ....................................................................... 5,050,000 CAD 4,507,822 6.00%, 6/01/11 ........................................................................ 26,263,000 CAD 24,509,367 ------------ 29,017,189 ------------ COLOMBIA .5% Republic of Colombia, 11.75%, 2/25/20 .................................................... 4,735,000 5,951,185 ------------ DENMARK 1.7% Kingdom of Denmark, 6.00%, 11/15/11 ....................................................................... 15,500,000 DKK 3,192,653 5.00%, 11/15/13 ....................................................................... 92,320,000 DKK 18,000,021 ------------ 21,192,674 ------------ FINLAND 2.7% Government of Finland, 5.00%, 7/04/07 .................................................... 19,300,000 EUR 27,222,178 Government of Finland, 5.00%, 4/25/09 .................................................... 4,390,000 EUR 6,318,188 ------------ 33,540,366 ------------ FRANCE 1.8% Government of France, 4.00%, 4/25/09 ........................................................................ 12,000,000 EUR 16,623,481 4.25%, 4/25/19 ........................................................................ 4,000,000 EUR 5,420,744 ------------ 22,044,225 ------------ GERMANY 3.0% Federal Republic of Germany, 4.00%, 2/16/07 .............................................. 26,920,000 EUR 36,965,680 ------------
2 | Quarterly Statement of Investments TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, NOVEMBER 30, 2004 (UNAUDITED) (CONTINUED)
- ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL AMOUNT(a) VALUE - ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONT.) GREECE .5% Republic of Greece, 4.60%, 5/20/13 .................................................. 4,560,000 EUR $ 6,411,102 ------------ HUNGARY 1.5% Government of Hungary, 9.25%, 5/12/05 ................................................................... 127,000,000 HUF 686,256 8.50%, 10/12/05 .................................................................. 3,342,000,000 HUF 17,924,882 7.00%, 4/12/06 ................................................................... 110,000,000 HUF 579,132 ------------ 19,190,270 ------------ INDONESIA 5.7% Indonesia Government, 11.00%, 10/15/14 .............................................. 13,000,000,000 IDR 1,502,583 Indonesia Recapital Bonds, 14.00%, 6/15/09 .................................................................. 49,141,000,000 IDR 6,292,780 13.15%, 3/15/10 .................................................................. 188,975,000,000 IDR 23,805,597 14.25%, 6/15/13 .................................................................. 50,150,000,000 IDR 6,781,393 14.275%, 12/15/13 ................................................................ 237,966,000,000 IDR 32,455,921 ------------ 70,838,274 ------------ IRISH REPUBLIC 1.3% Republic of Ireland, 4.25%, 10/18/07 ................................................ 11,500,000 EUR 15,985,874 ------------ MEXICO 1.1% United Mexican States, 144A, 7.50%, 3/08/10 ......................................... 8,800,000 EUR 13,534,143 ------------ NETHERLANDS 2.1% Government of Netherlands, 5.75%, 2/15/07 ........................................... 18,169,000 EUR 25,835,322 ------------ NEW ZEALAND 7.7% Government of New Zealand, 7.00%, 7/15/09 ................................................................... 56,280,000 NZD 41,932,382 6.00%, 11/15/11 .................................................................. 36,973,000 NZD 26,497,889 6.50%, 4/15/13 ................................................................... 37,581,000 NZD 27,827,135 ------------ 96,257,406 ------------ NORWAY 1.8% Kingdom of Norway, 6.75%, 1/15/07 ................................................... 126,500,000 NOK 22,477,531 ------------ PERU .2% Republic of Peru, 9.875%, 2/06/15 ................................................... 1,800,000 2,106,000 ------------ PHILIPPINES 1.7% Republic of Philippines, 9.00%, 2/15/13 ................................................................... 5,500,000 5,584,425 Reg S, 9.125%, 2/22/10 ........................................................... 11,200,000 EUR 15,493,338 ------------ 21,077,763 ------------ POLAND 5.8% Republic of Poland, 8.50%, 11/12/06 .................................................................. 100,860,000 PLN 32,970,199 8.50%, 5/12/07 ................................................................... 68,700,000 PLN 22,709,919 6.00%, 5/24/09 ................................................................... 55,000,000 PLN 16,966,581 ------------ 72,646,699 ------------ RUSSIA 1.9% Russian Federation, 11.00%, 7/24/18, Reg S .......................................... 17,771,000 24,072,330 ------------
Quarterly Statement of Investments | 3 TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, NOVEMBER 30, 2004 (UNAUDITED) (CONTINUED)
- ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL AMOUNT(a) VALUE - ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONT.) SINGAPORE .4% Republic of Singapore, 4.00%, 3/01/07 ...................................... 8,500,000 SGD $ 5,455,748 ------------ SLOVAK REPUBLIC 3.2% Republic of Slovak, Strip, 3.922% - 4.142%, 1/14/07 ........................ 1,264,000,000 SKK 39,409,171 ------------ SOUTH AFRICA .2% Republic of South Africa, 5.25%, 5/16/13 ................................... 2,000,000 EUR 2,792,855 ------------ SOUTH KOREA 12.4% Republic of Korea, 6.15%, 7/10/07 .......................................... 10,000,000,000 KRW 10,296,290 Korea Treasury Bonds, 4.50%, 3/05/06 .......................................................... 19,500,000,000 KRW 19,073,120 4.50%, 9/03/06 .......................................................... 29,790,000,000 KRW 29,272,902 6.90%, 1/16/07 .......................................................... 41,010,000,000 KRW 42,333,700 5.77%, 10/09/07 ......................................................... 39,640,000,000 KRW 40,647,201 4.75%, 3/12/08 .......................................................... 8,075,000,000 KRW 8,118,822 5.00%, 3/26/13 .......................................................... 5,000,000,000 KRW 5,227,611 ------------ 154,969,646 ------------ SPAIN 2.1% Government of Spain, 8.80%, 4/30/06 .......................................................... 13,342,000 EUR 19,302,510 5.00%, 7/30/12 .......................................................... 4,850,000 EUR 7,074,340 ------------ 26,376,850 ------------ SWEDEN 9.4% Kingdom of Sweden, 3.50%, 4/20/06 .......................................................... 246,055,000 SEK 37,156,759 8.00%, 8/15/07 .......................................................... 59,250,000 SEK 9,980,358 6.50%, 5/05/08 .......................................................... 100,400,000 SEK 16,575,100 5.25%, 3/15/11 .......................................................... 273,300,000 SEK 44,173,033 5.50%, 10/08/12 ......................................................... 62,060,000 SEK 10,210,094 ------------ 118,095,344 ------------ THAILAND 5.6% Government of Thailand, 8.50%, 10/14/05 ......................................................... 396,215,000 THB 10,579,639 8.00%, 12/08/06 ......................................................... 1,453,680,000 THB 40,685,521 5.60%, 7/07/07 .......................................................... 499,730,000 THB 13,702,479 4.125%, 2/12/08 ......................................................... 178,700,000 THB 4,655,880 8.50%, 12/08/08 ......................................................... 31,000,000 THB 937,668 ------------ 70,561,187 ------------ UKRAINE 2.7% Republic of Ukraine, 144A, 6.875%, 3/04/11 ................................................... 6,020,000 5,912,844 144A, 7.65%, 6/11/13 .................................................... 21,700,000 21,965,174 FRN, 5.36%, 8/05/09 ..................................................... 5,300,000 5,353,000 ------------ 33,231,018 ------------ UNITED KINGDOM .1% United Kingdom, 8.50%, 7/16/07 ............................................. 811,000 GBP 1,701,913 ------------
4 | Quarterly Statement of Investments TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, NOVEMBER 30, 2004 (UNAUDITED) (CONTINUED)
- ------------------------------------------------------------------------------------------------------------------------------------ PRINCIPAL AMOUNT(a) VALUE - ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONT.) VENEZUELA 3.4% Republic of Venezuela, 9.25%, 9/15/27 .......................................................................... 36,005,000 $ 37,456,542 FRN, 3.09%, 4/20/11 ..................................................................... 5,550,000 5,033,156 -------------- 42,489,698 -------------- TOTAL LONG TERM INVESTMENTS (COST $965,414,332) ............................................ 1,181,690,099 -------------- ---------------- SHARES/PRINCIPAL AMOUNT(a) ---------------- SHORT TERM INVESTMENTS 2.2% NORWAY .9% Norwegian Treasury Bill, 1.987%, 6/15/05 ................................................... 75,000,000 NOK 12,116,024 -------------- UNITED STATES 1.3% MONEY FUND Franklin Institutional Fiduciary Trust Money Market Portfolio .............................. 16,092,866 16,092,866 -------------- TOTAL SHORT TERM INVESTMENTS (COST $26,882,068) ............................................ 28,208,890 -------------- TOTAL INVESTMENTS (COST $992,296,400) 96.8% ................................................ 1,209,898,989 OTHER ASSETS, LESS LIABILITIES 3.2% ........................................................ 39,362,154 -------------- NET ASSETS 100.0% .......................................................................... $1,249,261,143 ==============
CURRENCY ABBREVIATIONS: | AUD - Australian Dollar | CAD - Canadian Dollar | DKK - Danish Krone | EUR - Euro | GBP - British Pound | HUF - Hungarian Forint | IDR - Indonesian Rupiah | KRW - Korean Won | NOK - Norwegian Krone | NZD - New Zealand Dollar | PLN - Polish Zloty | SEK - Swedish Krona | SGD - Singapore Dollar | SKK - Slovak Koruna | THB - Thai Baht (a) The principal amount is stated in U.S. dollars unless otherwise indicated. Quarterly Statement of Investments | See Notes to Statement of Investments. | 5 TEMPLETON GLOBAL INCOME FUND NOTES TO STATEMENT OF INVESTMENTS (UNAUDITED) Templeton Global Income Fund (the Fund) is registered under the Investment Company Act of 1940 as a closed-end, non-diversified investment company. 1. INCOME TAXES At November 30, 2004 the net unrealized appreciation (depreciation) based on the cost of investments for income tax purposes was as follows: Cost of investments .................................. $ 1,006,834,587 --------------- Unrealized appreciation .............................. $ 204,018,231 Unrealized depreciation .............................. (953,829) --------------- Net unrealized appreciation (depreciation) ........... $ 203,064,402 =============== For information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. 6 | Quarterly Statement of Investments ITEM 2. CONTROLS AND PROCEDURES. (a) EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES. The Registrant maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in the Registrant's filings under the Securities Exchange Act of 1934 and the Investment Company Act of 1940 is recorded, processed, summarized and reported within the periods specified in the rules and forms of the Securities and Exchange Commission. Such information is accumulated and communicated to the Registrant's management, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. The Registrant's management, including the principal executive officer and the principal financial officer, recognizes that any set of controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. Within 90 days prior to the filing date of this Quarterly Schedule of Portfolio Holdings on Form N-Q, the Registrant had carried out an evaluation, under the supervision and with the participation of the Registrant's management, including the Registrant's principal executive officer and the Registrant's principal financial officer, of the effectiveness of the design and operation of the Registrant's disclosure controls and procedures. Based on such evaluation, the Registrant's principal executive officer and principal financial officer concluded that the Registrant's disclosure controls and procedures are effective. (b) CHANGES IN INTERNAL CONTROLS. There have been no significant changes in the Registrant's internal controls or in other factors that could significantly affect the internal controls subsequent to the date of their evaluation in connection with the preparation of this Quarterly Schedule of Portfolio Holdings on Form N-Q. ITEM 3. EXHIBITS. (a) Certifications pursuant to Section 30a-2 of the Investment Company Act of 1940 of Jimmy D. Gambill, Chief Executive Officer - Finance and Administration, and Galen G. Vetter, Chief Financial Officer. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TEMPLETON GLOBAL INCOME FUND By /s/JIMMY D. GAMBILL ----------------------- Jimmy D. Gambill Chief Executive Officer - Finance and Administration Date January 20, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By /s/JIMMY D. GAMBILL ----------------------- Jimmy D. Gambill Chief Executive Officer - Finance and Administration Date January 20, 2005 By /s/GALEN G. VETTER ------------------------------ Galen G. Vetter Chief Financial Officer Date January 20, 2005 EX-99.CERT 2 ex31.txt CERTIFICATION LETTERS I, Galen G. Vetter, certify that: 1. I have reviewed this report on Form N-Q of Templeton Global Income Fund; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. January 20, 2005 S\GALEN G. VETTER Galen G. Vetter Chief Financial Officer I, Jimmy D. Gambill, certify that: 1. I have reviewed this report on Form N-Q of Templeton Global Income Fund; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. January 20, 2005 S\JIMMY D. GAMBILL Jimmy D. Gambill Chief Executive Officer - Finance and Administration -----END PRIVACY-ENHANCED MESSAGE-----