UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-17F-2
CERTIFICATE OF ACCOUNTING OF SECURITIES AND SIMILAR
INVESTMENTS IN THE CUSTODY OF
MANAGEMENT INVESTMENT COMPANIES
PURSUANT TO RULE N-17F-2 [17 CFR 270.17f-2]
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1. Investment Company Act File Number: |
Date Examination completed: |
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811 -05459 |
April 12, 2019 |
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2. State Identification Number: |
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AL |
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DE |
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HI |
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ID |
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IN |
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KY |
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LA |
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MI |
MN |
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MS |
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NE |
NV |
NH |
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NJ |
NM |
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NC |
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OH |
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OK |
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PA |
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SC |
SD |
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TN |
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WA |
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WV |
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PUERTO RICO |
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3. Exact name of investment company as specified in registration statement: |
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Templeton Global Income Fund |
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4. Address of principal executive office: (number, street, city, state, zip code) |
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300 S.E. 2nd Street, Fort Lauderdale, FL 33301-1923 |
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[PWC LOGO]
Report of Independent Accountants
To the Board of Trustees of
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Franklin Limited Duration Income Trust |
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Templeton Global Investment Trust |
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Franklin Real Estate Securities Trust |
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Franklin Strategic Series |
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Franklin High Income Trust |
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Franklin U.S. Government Money Fund |
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Franklin Templeton Money Fund Trust |
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Institutional Fiduciary Trust |
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Franklin Global Trust |
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Franklin Gold and Precious Metals Fund |
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Franklin Universal Trust |
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Templeton China World Fund |
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Templeton Emerging Markets Fund |
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Templeton Emerging Markets Income Fund |
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Templeton Funds |
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Templeton Global Income Fund |
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Templeton Global Smaller Companies Fund |
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Templeton Income Trust |
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Franklin Custodian Funds |
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Franklin Strategic Mortgage Portfolio |
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Franklin Investors Securities Trust |
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Franklin Templeton Global Trust |
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Franklin Templeton International Trust |
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Templeton Developing Markets Trust |
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Franklin Fund Allocator Series |
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Franklin Managed Trust |
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Franklin Templeton Variable Insurance Products Trust |
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Templeton Institutional Funds |
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Franklin ETF Trust |
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Franklin Managed Trust |
and the Board of Directors of:
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Templeton Growth Fund, Inc. |
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Templeton Dragon Fund, Inc. |
We have examined management's assertion, included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940, that each of the Funds listed in Attachment I, (hereafter referred to as the “Funds”) complied with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 (“the Act”) as of November 30, 2018. The Funds’ management is responsible for its assertion and the Funds’ compliance with those requirements. Our responsibility is to express an opinion on management's assertion about the Funds' compliance with the specified requirements based on our examination.
Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management’s assertion about compliance with the specified requirements is fairly stated, in all material respects, and, accordingly, included examining, on a test basis, evidence about the Funds' compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of November 30, 2018, and with respect to agreement of security purchases and sales, for the period from June 30, 2018 (the date of our last examination) through November 30, 2018:
- Without prior notice to management, confirmation of all securities held by Franklin Templeton Investors Services, Inc., transfer agent as they pertain to the security positions owned by the Funds and held in book entry form
- Reconciliation of all such securities to the books and records of the Funds and the transfer agent
- Agreement of 55 security purchases and 55 security sales since our last report from the books and records of the Funds to the records of the transfer agent
We believe that our examination provides, and that the evidence we obtained is sufficient and appropriate to provide, a reasonable basis for our opinion. Our examination does not provide a legal determination on the Funds' compliance with specified requirements.
In our opinion, management's assertion that the Funds complied with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of November 30, 2018 with respect to securities reflected in the investment account of the Funds is fairly stated, in all material respects.
This report is intended solely for the information and use of management and the Board of Directors and Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.
/s/PRICEWATERHOUSECOOPERS, LLP
April 12, 2019
PricewaterhouseCoopers LLP, PricewaterhouseCoopers Center, 300 Madison Avenue, New York, NY 10017
T: (646) 471 3000, F: (813) 286 6000, www.pwc.com/us
Management Statement Regarding Compliance with Certain
Provisions of the Investment Company Act of 1940
We, as members of management of the Franklin Templeton Funds indicated in Attachment I (the “Funds”), are responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, Custody of Investments by Registered Management Investment Companies of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Funds’ compliance with the requirements of subsection (b) and (c) of Rule 17f-2 as of November 30, 2018, and for the periods indicated in Attachment I.
Based on this evaluation, we assert that the Funds were in compliance with the requirements of subsection (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of November 30, 2018, and for the periods indicated in Attachment I, with respect to securities reflected in the investment accounts of the Funds.
By:
/s/GASTON GARDEY
Gaston Gardey
Chief Financial Officer and Chief Accounting Officer Franklin Funds
Date April 12, 2019
/s/ROBERT G. KUBILIS
Robert G. Kubilis
Chief Financial Officer and Chief Accounting Officer – Templeton Funds
Date April 12, 2019
/s/MATTHEW T. HINKLE
Matthew T. Hinkle
Chief Executive Officer - Finance and Administration
Date April 12, 2019
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Attachment I |
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Fund |
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Period |
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Franklin Limited Duration Income Trust |
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June 30, 2018 - November 30, 2018 |
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Templeton Global Investment Trust: |
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Templeton Emerging Markets Balanced Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Emerging Markets Small Cap Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Frontier Markets Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Global Balanced Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Dynamic Equity Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Real Estate Securities Trust: |
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Franklin Real Estate Securities Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Strategic Series: |
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Franklin Biotechnology Discovery Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Flexible Alpha Bond Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Select U.S. Equity Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Growth Opportunities Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Natural Resources Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Small Cap Growth Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Small-Mid Cap Growth Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Strategic Income Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin High Income Trust: |
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Franklin High Income Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin U.S. Government Money Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Templeton Money Fund Trust |
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June 30, 2018 - November 30, 2018 |
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Franklin Templeton U.S. Government Money Market Fund |
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June 30, 2018 - November 30, 2018 |
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Institutional Fiduciary Trust: |
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Money Market Portfolioa |
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June 30, 2018 - November 30, 2018 |
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Franklin Global Trust: |
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Franklin Emerging Market Debt Opportunities Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin International Growth Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Global Listed Infrastructure Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Gold and Precious Metals Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Universal Trust |
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June 30, 2018 - November 30, 2018 |
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Templeton China World Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Emerging Markets Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Emerging Markets Income Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Funds: |
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Templeton Foreign Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton World Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton International Climate Change Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Global Income Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Global Smaller Companies Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Growth Fund, Inc. |
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June 30, 2018 - November 30, 2018 |
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Templeton Income Trust: |
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Templeton Emerging Markets Bond Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Global Bond Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Global Total Return Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton International Bond Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Custodian Funds: |
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Franklin DynaTech Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Growth Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Income Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin U.S. Government Securities Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Utilities Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Focused Growth Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Strategic Mortgage Portfolio |
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June 30, 2018 - November 30, 2018 |
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Franklin Investors Securities Trust: |
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Franklin Adjustable U.S. Government Securities Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Balanced Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Convertible Securities Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Equity Income Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Floating Rate Daily Access Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Low Duration Total Return Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Real Return Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Total Return Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Templeton Global Trust: |
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Templeton Global Currency Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Templeton International Trust: |
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Franklin India Growth Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Developing Markets Trust |
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June 30, 2018 - November 30, 2018 |
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Franklin Fund Allocator Series: |
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Franklin Conservative Allocation Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Corefolio Allocation Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Founding Funds Allocation Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Growth Allocation Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin LifeSmart Retirement Income Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin LifeSmart 2020 Retirement Target Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin LifeSmart 2025 Retirement Target Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin LifeSmart 2030 Retirement Target Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin LifeSmart 2035 Retirement Target Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin LifeSmart 2040 Retirement Target Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin LifeSmart 2045 Retirement Target Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin LifeSmart 2050 Retirement Target Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin LifeSmart 2055 Retirement Target Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Moderate Allocation Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin NextStep Conservative Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin NextStep Moderate Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin NextStep Growth Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Payout 2018 Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Payout 2019Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Payout 2020 Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Payout 2021 Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Payout 2022 Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Templeton Variable Insurance Products Trust: |
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Franklin Flex Cap Growth VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Founding Funds Allocation VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Income VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Mutual Global Discovery VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Mutual Shares VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Rising Dividends VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Small Cap Value VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Small-Mid Cap Growth VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin Strategic Income VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Franklin VolSmart Allocation VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Developing Markets VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Foreign VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Global Bond VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Global Bond VIP Fund |
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June 30, 2018 - November 30, 2018 |
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Templeton Dragon Fund, Inc. |
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June 30, 2018 - November 30, 2018 |
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Templeton Institutional Funds: |
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International Equity Series |
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June 30, 2018 - November 30, 2018 |
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Global Equity Series |
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June 30, 2018 - November 30, 2018 |
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Franklin ETF Trust: |
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Franklin Liberty Short Duration U.S. Government ETF |
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June 30, 2018 - November 30, 2018 |
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Franklin Managed Trust: |
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Franklin Rising Dividends Fund |
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June 30, 2018 - November 30, 2018 |