-----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, SUAF1tY8jXcMD+MXt2FdexWRHcXWnz52USK/wZa/ENFExbQVhHE1hUucV4/rSCNQ /+8Q1rv7w8forTZvN1AvEA== 0000828803-05-000010.txt : 20050729 0000828803-05-000010.hdr.sgml : 20050729 20050729084911 ACCESSION NUMBER: 0000828803-05-000010 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050531 FILED AS OF DATE: 20050729 DATE AS OF CHANGE: 20050729 EFFECTIVENESS DATE: 20050729 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: 05982817 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-nq0505.txt TEMP GLOBAL INCOME FUND N-Q PE 5/31/05 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: 05/31/05 -------- ITEM 1. SCHEDULE OF INVESTMENTS. TEMPLETON GLOBAL INCOME FUND QUARTERLY STATEMENT OF INVESTMENTS MAY 31, 2005 - -------------------------------------------------------------------------------- CONTENTS Statement of Investments ................................................... 3 Notes to Statement of Investments .......................................... 8 [LOGO](R) FRANKLIN TEMPLETON INVESTMENTS Franklin o TEMPLETON o Mutual Series Quarterly Statement of Investments | 1 This page intentionally left blank. TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, MAY 31, 2005 (UNAUDITED)
- ----------------------------------------------------------------------------------------------------------------------- PRINCIPAL AMOUNT(a) VALUE - ----------------------------------------------------------------------------------------------------------------------- LONG TERM INVESTMENTS 96.2% ARGENTINA 1.3% Republic of Argentina, FRN, 3.01%, 8/03/12 ............................. $ 16,750,000 $ 15,010,194 -------------- AUSTRALIA 5.1% New South Wales Treasury Corp., 8.00%, 3/01/08 ...................................................... 6,200,000 AUD 4,993,850 6.00%, 5/01/12 ...................................................... 10,200,000 AUD 7,973,567 Queensland Treasury Corp., 6.00%, 7/14/09 ...................................................... 4,100,000 AUD 3,181,075 6.00%, 8/14/13 ...................................................... 56,500,000 AUD 44,620,723 -------------- 60,769,215 -------------- AUSTRIA 1.7% Republic of Austria, 5.50%, 10/20/07 ..................................................... 10,720,000 EUR 14,181,891 5.00%, 7/15/12 ...................................................... 4,580,000 EUR 6,364,137 -------------- 20,546,028 -------------- BELGIUM 2.8% Kingdom of Belgium, 8.50%, 10/01/07 ..................................................... 19,718,000 EUR 27,680,091 5.00%, 9/28/12 ...................................................... 3,840,000 EUR 5,336,944 -------------- 33,017,035 -------------- BRAZIL 0.6% Republic of Brazil, DCB, L, FRN, 3.125%, 4/15/12 ....................... 7,604,568 7,307,534 -------------- CANADA 5.6% Government of Canada, 8.75%, 12/01/05 ..................................................... 5,290,000 CAD 4,344,542 6.00%, 6/01/11 ...................................................... 26,263,000 CAD 23,591,378 Province of Alberta, 7.50%, 12/01/05 ..................................................... 9,470,000 CAD 7,729,914 5.00%, 12/16/08 ..................................................... 28,530,000 CAD 24,063,169 Province of British Columbia, 6.00%, 6/09/08 ........................... 7,000,000 CAD 6,032,649 -------------- 65,761,652 -------------- DENMARK 1.7% Kingdom of Denmark, 6.00%, 11/15/11 ..................................................... 15,500,000 DKK 3,038,025 5.00%, 11/15/13 ..................................................... 92,320,000 DKK 17,417,053 -------------- 20,455,078 -------------- FINLAND 1.5% Government of Finland, 5.00%, 7/04/07 .................................. 13,200,000 EUR 17,166,271 -------------- FRANCE 1.3% Government of France, 4.00%, 4/25/09 ...................................................... 9,750,000 EUR 12,670,920 4.25%, 4/25/19 ...................................................... 2,250,000 EUR 2,990,361 -------------- 15,661,281 --------------
Quarterly Statement of Investments | 3 TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, MAY 31, 2005 (UNAUDITED) (CONTINUED)
- ----------------------------------------------------------------------------------------------------------------------- PRINCIPAL AMOUNT(a) VALUE - ----------------------------------------------------------------------------------------------------------------------- LONG TERM INVESTMENTS (CONT.) GERMANY 2.7% Kfw Bankengruppe, senior note, 6.375%, 2/17/15 ......................... 45,550,000 NZD $ 32,205,969 -------------- GREECE 0.5% Hellenic Republic, 4.60%, 5/20/13 ...................................... 4,560,000 EUR 6,134,177 -------------- HUNGARY 1.4% Government of Hungary, 8.50%, 10/12/05 ..................................................... 3,342,000,000 HUF 16,211,513 7.00%, 4/12/06 ...................................................... 110,000,000 HUF 530,241 -------------- 16,741,754 -------------- INDONESIA 5.7% Government of Indonesia, 11.00%, 10/15/14 .............................. 24,400,000,000 IDR 2,534,084 Indonesia Recapital Bonds, 14.00%, 6/15/09 ..................................................... 49,141,000,000 IDR 5,751,531 13.15%, 3/15/10 ..................................................... 188,975,000,000 IDR 21,728,459 14.25%, 6/15/13 ..................................................... 50,150,000,000 IDR 6,140,978 14.275%, 12/15/13 ................................................... 254,836,000,000 IDR 31,359,175 -------------- 67,514,227 -------------- IRELAND 0.8% Republic of Ireland, 4.25%, 10/18/07 ................................... 7,000,000 EUR 9,014,993 -------------- MALAYSIA 2.2% Government of Malaysia, 4.305%, 2/27/09 ..................................................... 75,200,000 MYR 20,427,090 4.032%, 9/15/09 ..................................................... 21,400,000 MYR 5,758,380 -------------- 26,185,470 -------------- MEXICO 1.1% United Mexican States, 144A, 7.50%, 3/08/10 ............................ 8,800,000 EUR 12,682,675 -------------- NETHERLANDS 0.5% Government of Netherlands, 5.75%, 2/15/07 .............................. 4,800,000 EUR 6,263,258 -------------- NEW ZEALAND 4.5% Government of New Zealand, 7.00%, 7/15/09 ...................................................... 41,630,000 NZD 30,595,419 6.00%, 11/15/11 ..................................................... 31,373,000 NZD 22,436,959 -------------- 53,032,378 -------------- NORWAY 2.0% Kingdom of Norway, 6.75%, 1/15/07 ...................................... 142,000,000 NOK 23,471,425 -------------- PERU 0.2% Republic of Peru, 9.875%, 2/06/15 ..................................................... 1,800,000 2,209,500 FRN, 4.50%, 3/07/17 ................................................. 297,000 281,779 -------------- 2,491,279 --------------
4 | Quarterly Statement of Investments TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, MAY 31, 2005 (UNAUDITED) (CONTINUED)
- ----------------------------------------------------------------------------------------------------------------------- PRINCIPAL AMOUNT(a) VALUE - ----------------------------------------------------------------------------------------------------------------------- LONG TERM INVESTMENTS (CONT.) PHILIPPINES 1.9% Republic of Philippines, 9.00%, 2/15/13 ...................................................... $ 5,500,000 $ 5,816,250 Reg S, 9.125%, 2/22/10 .............................................. 12,170,000 EUR 16,644,611 -------------- 22,460,861 -------------- POLAND 6.5% Republic of Poland, 8.50%, 11/12/06 ..................................................... 100,860,000 PLN 31,117,650 8.50%, 5/12/07 ...................................................... 68,700,000 PLN 21,561,853 6.00%, 5/24/09 ...................................................... 65,250,000 PLN 19,843,248 6.25%, 10/24/15 ..................................................... 12,550,000 PLN 4,035,119 -------------- 76,557,870 -------------- SINGAPORE 1.9% Republic of Singapore, 4.00%, 3/01/07 ...................................................... 8,500,000 SGD 5,271,448 2.625%, 10/01/07 .................................................... 28,470,000 SGD 17,311,222 -------------- 22,582,670 -------------- SLOVAK REPUBLIC 4.6% Republic of Slovakia, 4.95%, 3/05/08 ...................................................... 66,600,000 SKK 2,228,887 4.80%, 4/14/09 ...................................................... 333,500,000 SKK 11,221,104 7.50%, 3/13/12 ...................................................... 84,000,000 SKK 3,330,873 Strip, 1/14/07 ...................................................... 1,264,000,000 SKK 38,287,050 -------------- 55,067,914 -------------- SOUTH AFRICA 0.2% Republic of South Africa, 5.25%, 5/16/13 ............................... 2,000,000 EUR 2,690,059 -------------- SOUTH KOREA 14.8% Korea Treasury Bond, 4.50%, 3/05/06 ...................................................... 19,500,000,000 KRW 19,488,427 4.50%, 9/03/06 ...................................................... 29,790,000,000 KRW 29,888,906 6.90%, 1/16/07 ...................................................... 41,010,000,000 KRW 42,773,204 3.75%, 9/10/07 ...................................................... 6,200,000,000 KRW 6,114,105 5.77%, 10/09/07 ..................................................... 39,640,000,000 KRW 41,244,841 4.75%, 3/12/08 ...................................................... 8,075,000,000 KRW 8,246,262 4.50%, 9/09/08 ...................................................... 12,000,000,000 KRW 12,204,554 Republic of Korea, 6.15%, 7/10/07 ...................................................... 10,000,000,000 KRW 10,437,102 5.00%, 3/26/13 ...................................................... 5,000,000,000 KRW 5,199,191 -------------- 175,596,592 -------------- SPAIN 2.0% Government of Spain, 8.80%, 4/30/06 ...................................................... 13,342,000 EUR 17,409,495 5.00%, 7/30/12 ...................................................... 4,850,000 EUR 6,736,194 -------------- 24,145,689 --------------
Quarterly Statement of Investments | 5 TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, MAY 31, 2005 (UNAUDITED) (CONTINUED)
- --------------------------------------------------------------------------------------------------------------------------------- PRINCIPAL AMOUNT(a) VALUE - --------------------------------------------------------------------------------------------------------------------------------- LONG TERM INVESTMENTS (CONT.) SWEDEN 9.2% Kingdom of Sweden, 5.25%, 03/15/11 ......................................................... 273,300,000 SEK $ 41,511,506 3.50%, 4/20/06 .......................................................... 85,955,000 SEK 11,723,552 8.00%, 8/15/07 .......................................................... 59,250,000 SEK 8,959,655 6.50%, 5/05/08 .......................................................... 100,400,000 SEK 15,078,354 5.50%, 10/08/12 ......................................................... 62,060,000 SEK 9,706,572 Index Linked, 3.50%, 12/01/15 ........................................... 129,800,000 SEK 22,473,706 -------------- 109,453,345 -------------- THAILAND 5.6% Thailand Government Bond, 8.50%, 10/14/05 ......................................................... 396,215,000 THB 9,961,009 8.00%, 12/08/06 ......................................................... 1,453,680,000 THB 38,439,264 5.60%, 07/07/07 ......................................................... 499,730,000 THB 12,895,752 4.125%, 2/12/08 ......................................................... 178,700,000 THB 4,494,549 8.50%, 12/08/08 ......................................................... 31,000,000 THB 893,150 -------------- 66,683,724 -------------- UKRAINE 3.0% Republic of Ukraine, 144A, 6.875%, 3/04/11 ................................................... 6,020,000 6,295,716 144A, 7.65%, 6/11/13 .................................................... 21,700,000 23,653,000 FRN, 5.36%, 8/05/09 ..................................................... 5,300,000 5,685,310 -------------- 35,634,026 -------------- UNITED KINGDOM 0.1% United Kingdom, 8.50%, 7/16/07 ............................................. 811,000 GBP 1,599,632 -------------- VENEZUELA 3.2% Republic of Venezuela, 9.25%, 9/15/27 .......................................................... 32,955,000 32,880,851 FRN, 3.09%, 4/20/11 ..................................................... 5,550,000 4,973,078 -------------- 37,853,929 -------------- TOTAL LONG TERM INVESTMENTS (COST $1,011,649,225) .......................... 1,141,758,204 -------------- ---------------- SHARES/PRINCIPAL AMOUNT(a) ---------------- SHORT TERM INVESTMENTS 2.0% NORWAY 1.9% (b)Norwegian Treasury Bills, 6/15/05 - 9/21/05 ............................... 147,800,000 NOK 22,833,613 -------------- UNITED STATES 0.1% (c)Franklin Institutional Fiduciary Trust Money Market Portfolio ............ 1,114,520 1,114,520 -------------- TOTAL SHORT TERM INVESTMENTS (COST $23,822,430) ............................ 23,948,133 -------------- TOTAL INVESTMENTS (COST $1,035,471,655) 98.2% .............................. 1,165,706,337 OTHER ASSETS, LESS LIABILITIES 1.8% ........................................ 21,956,382 -------------- NET ASSETS 100.0% .......................................................... $1,187,662,719 --------------
6 | Quarterly Statement of Investments TEMPLETON GLOBAL INCOME FUND STATEMENT OF INVESTMENTS, MAY 31, 2005 (UNAUDITED) (CONTINUED) 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 MYR - Malaysian Ringgit NOK - Norwegian Krone NZD - New Zealand Dollar PLN - Polish Zloty SEK - Swedish Krona SGD - Singapore Dollar SKK - Slovak Koruna THB - Thai Baht SELECTED PORTFOLIO ABBREVIATIONS FRN - Floating Rate Notes (a) The principal amount is stated in U.S. dollars unless otherwise indicated. (b) A portion or all of the security is traded on a discount basis with no stated coupon rate. (c) The Franklin Institutional Fiduciary Trust Money Market Portfolio is managed by the Fund's investment manager. Quarterly Statement of Investments | See Notes to Statement of Investments. | 7 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 non-diversified, closed-end investment company. 1. INCOME TAXES At May 31, 2005 the net unrealized appreciation (depreciation) based on the cost of investments for income tax purposes was as follows: Cost of investments ................................... $ 1,054,377,282 =============== Unrealized appreciation ............................... $ 122,929,885 Unrealized depreciation ............................... (11,600,830) --------------- Net unrealized appreciation (depreciation) ............ $ 111,329,055 =============== 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. 8 | 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 July 22, 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 July 22, 2005 By /s/GALEN G. VETTER ------------------------------ Galen G. Vetter Chief Financial Officer Date July 22, 2005 EX-99.CERT 2 gim302cert-505.txt CEO & CFO CERTIFICATION LETTERS Exhibit 3(a) 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. July 22, 2005 /s/ Jimmy D. Gambill - ---------------------------------------------------- Jimmy D. Gambill Chief Executive Officer - Finance and Administration 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. July 22, 2005 /s/ Galen G. Vetter - ----------------------- Galen G. Vetter Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----