NPORT-EX 1 Templeton_Global_Income_Fund.htm
Templeton Global Income Fund
Statement of Investments, March 31, 2019 (unaudited)
      Principal
Amount*
  Value
  Foreign Government and Agency Securities 51.9%        
  Argentina 2.4%        
  Argentina Treasury Bill,        
 
Strip, 4/30/20

       68,265,000 ARS $  1,743,562
 
Strip, 7/31/20

        4,372,000 ARS      97,129
  Argentine Bonos del Tesoro,        
 
18.20%, 10/03/21

      252,627,000 ARS   4,197,425
 
16.00%, 10/17/23

      283,431,000 ARS   4,877,655
 
senior note, 15.50%, 10/17/26

      512,895,000 ARS   8,262,434
  Government of Argentina,        
 
a FRN, 54.47%, (ARPP7DRR), 6/21/20

        3,380,000 ARS      86,395
 
a FRN, 44.503%, (ARS Badlar + 2.00%), 4/03/22

       20,588,000 ARS     461,870
 
b Index Linked, 4.00%, 3/06/20

        1,274,000 ARS      41,400
 
senior note, 4.50%, 2/13/20

        2,821,000     2,595,673
          22,363,543
  Brazil 12.5%        
  Brazil Notas do Tesouro Nacional,        
 
10.00%, 1/01/21

           73,235c BRL  19,526,413
 
10.00%, 1/01/23

            6,218c BRL   1,677,335
 
10.00%, 1/01/25

           75,193c BRL  20,370,878
 
10.00%, 1/01/27

          162,730c BRL  44,083,658
  Letra Tesouro Nacional,        
 
Strip, 7/01/20

           70,870c BRL  16,675,067
 
Strip, 7/01/21

           74,890c BRL  16,251,299
          118,584,650
  Colombia 1.5%        
  Government of Colombia,        
 
senior bond, 7.75%, 4/14/21

      983,000,000 COP     322,551
 
senior bond, 4.375%, 3/21/23

      149,000,000 COP      44,544
 
senior bond, 9.85%, 6/28/27

      237,000,000 COP      92,064
  Titulos de Tesoreria,        
 
B, 7.75%, 9/18/30

    1,645,700,000 COP     562,455
 
senior bond, B, 11.00%, 7/24/20

    1,144,000,000 COP     387,663
 
senior bond, B, 7.00%, 5/04/22

    3,111,000,000 COP   1,023,971
 
senior bond, B, 10.00%, 7/24/24

   12,183,000,000 COP   4,547,793
 
senior bond, B, 7.50%, 8/26/26

    9,469,300,000 COP   3,210,161
 
senior bond, B, 6.00%, 4/28/28

   13,320,000,000 COP   4,061,789
 
senior note, B, 7.00%, 9/11/19

    1,258,000,000 COP     399,015
          14,652,006
  Ghana 1.4%        
  Government of Ghana,        
 
24.75%, 3/01/21

          220,000 GHS      43,437
 
16.25%, 5/17/21

        2,040,000 GHS     352,294
 
24.50%, 6/21/21

           50,000 GHS       9,925
 
24.75%, 7/19/21

          360,000 GHS      71,923
 
18.75%, 1/24/22

        8,520,000 GHS   1,532,826
 
17.60%, 11/28/22

          100,000 GHS      17,420
 
19.75%, 3/25/24

        8,520,000 GHS   1,573,450
 
19.00%, 11/02/26

       25,560,000 GHS   4,568,733
 
senior bond, 19.75%, 3/15/32

       25,560,000 GHS   4,485,412
 
senior note, 21.50%, 3/09/20

          370,000 GHS      68,952
 
senior note, 18.50%, 6/01/20

          140,000 GHS      25,380
 
senior note, 18.25%, 9/21/20

          140,000 GHS      25,292
Quarterly Statement of Investments  |  See Notes to Statement of Investments.  |  1

Templeton Global Income Fund
STATEMENT OF INVESTMENTS (UNAUDITED)
      Principal
Amount*
  Value
  Foreign Government and Agency Securities (continued)        
  Ghana (continued)        
  Government of Ghana, (continued)        
 
senior note, 16.50%, 3/22/21

          490,000 GHS $     85,326
          12,860,370
  India 8.8%        
  Government of India,        
 
senior bond, 8.20%, 2/15/22

      282,000,000 INR   4,234,993
 
senior bond, 8.35%, 5/14/22

       68,200,000 INR   1,029,718
 
senior bond, 8.08%, 8/02/22

      549,000,000 INR   8,242,419
 
senior bond, 8.13%, 9/21/22

       15,000,000 INR     225,745
 
senior bond, 9.15%, 11/14/24

      387,000,000 INR   6,113,912
 
senior note, 8.27%, 6/09/20

      476,000,000 INR   7,019,770
 
senior note, 7.80%, 4/11/21

      697,700,000 INR  10,322,501
 
senior note, 8.79%, 11/08/21

      225,000,000 INR   3,415,083
 
senior note, 8.15%, 6/11/22

      540,000,000 INR   8,118,849
 
senior note, 6.84%, 12/19/22

      111,000,000 INR   1,607,924
 
senior note, 7.16%, 5/20/23

       42,900,000 INR     625,267
 
senior note, 8.83%, 11/25/23

      966,400,000 INR  14,967,362
 
senior note, 7.68%, 12/15/23

      730,000,000 INR  10,869,018
 
senior note, 6.79%, 5/15/27

      492,800,000 INR   6,847,943
          83,640,504
  Indonesia 8.2%        
  Government of Indonesia,        
 
senior bond, FR31, 11.00%, 11/15/20

  145,557,000,000 IDR  10,913,704
 
senior bond, FR34, 12.80%, 6/15/21

   64,492,000,000 IDR   5,085,085
 
senior bond, FR35, 12.90%, 6/15/22

   42,438,000,000 IDR   3,479,080
 
senior bond, FR36, 11.50%, 9/15/19

   32,651,000,000 IDR   2,350,918
 
senior bond, FR39, 11.75%, 8/15/23

    2,703,000,000 IDR     222,115
 
senior bond, FR42, 10.25%, 7/15/27

    3,595,000,000 IDR     290,604
 
senior bond, FR43, 10.25%, 7/15/22

    4,826,000,000 IDR     371,151
 
senior bond, FR44, 10.00%, 9/15/24

    1,618,000,000 IDR     126,508
 
senior bond, FR46, 9.50%, 7/15/23

   11,430,000,000 IDR     871,296
 
senior bond, FR47, 10.00%, 2/15/28

    1,052,000,000 IDR      84,685
 
senior bond, FR52, 10.50%, 8/15/30

    3,390,000,000 IDR     284,174
 
senior bond, FR53, 8.25%, 7/15/21

  144,200,000,000 IDR  10,424,622
 
senior bond, FR56, 8.375%, 9/15/26

  292,968,000,000 IDR  21,511,761
 
senior bond, FR61, 7.00%, 5/15/22

   18,449,000,000 IDR   1,299,138
 
senior bond, FR63, 5.625%, 5/15/23

   16,137,000,000 IDR   1,078,368
 
senior bond, FR64, 6.125%, 5/15/28

    3,157,000,000 IDR     201,081
 
senior bond, FR70, 8.375%, 3/15/24

  149,967,000,000 IDR  11,043,210
 
senior bond, FR71, 9.00%, 3/15/29

   45,298,000,000 IDR   3,446,340
 
senior bond, FR73, 8.75%, 5/15/31

   41,805,000,000 IDR   3,120,990
 
senior note, FR69, 7.875%, 4/15/19

   20,859,000,000 IDR   1,465,549
          77,670,379
  Mexico 13.3%        
  Government of Mexico,        
 
senior bond, M, 8.00%, 6/11/20

        1,881,620d MXN   9,728,220
 
senior bond, M, 6.50%, 6/10/21

       18,789,460d MXN  94,344,340
 
senior bond, M, 8.00%, 12/07/23

           16,500d MXN      85,614
 
senior note, M, 5.00%, 12/11/19

        3,370,500d MXN  17,015,442
 
senior note, M, 7.25%, 12/09/21

          604,000d MXN   3,069,667
  |  2

Templeton Global Income Fund
STATEMENT OF INVESTMENTS (UNAUDITED)
        Principal
Amount*
  Value
  Foreign Government and Agency Securities (continued)          
  Mexico (continued)          
e Mexican Udibonos,          
 
Index Linked, 4.00%, 6/13/19

            145,122f MXN $    741,609
 
Index Linked, 2.50%, 12/10/20

            114,444f MXN     576,421
            125,561,313
  Philippines 0.6%          
  Government of the Philippines,          
 
senior note, 3.375%, 8/20/20

          9,870,000 PHP     182,496
 
senior note, 7-56, 3.875%, 11/22/19

        282,370,000 PHP   5,307,972
            5,490,468
  South Korea 1.9%          
 
Korea Monetary Stabilization Bond, senior note, 2.06%, 12/02/19

     20,034,000,000 KRW  17,638,667
g Supranational 1.0%          
 
Inter-American Development Bank, senior bond, 7.50%, 12/05/24

        185,000,000 MXN   9,349,733
  Ukraine 0.3%          
h,i,j
Government of Ukraine, 144A, VRI, GDP Linked Security, 5/31/40

          5,236,000     3,355,648
 
Total Foreign Government and Agency Securities

(Cost $546,085,384)

        491,167,281
    Number of
Contracts
  Notional
Amount*
   
  Options Purchased (Cost $246) 0.0%          
  Puts - Over-the-Counter          
  Currency Options 0.0%          
 
AUD/USD, Counterparty GSCO, December Strike Price $0.683, Expires 12/23/19

1            23,000 AUD         165
 
Total Investments before Short Term Investments

(Cost $546,085,630)

        491,167,446
        Principal
Amount*
   
  Short Term Investments 39.3%          
  Foreign Government and Agency Securities 10.0%          
  Argentina 1.5%          
k
Argentina Treasury Bill, 4/30/19 - 2/28/20

        533,623,000 ARS  14,709,214
  Mexico 6.0%          
k Mexico Treasury Bill,          
 
5/23/19

         45,539,690l MXN  23,205,930
 
6/06/19 - 2/27/20

         22,942,920l MXN  11,228,060
 
7/04/19

         43,612,880l MXN  21,993,229
            56,427,219
  |  3

Templeton Global Income Fund
STATEMENT OF INVESTMENTS (UNAUDITED)
        Principal
Amount*
  Value
  Short Term Investments (continued)          
  Foreign Government and Agency Securities (continued)          
  South Korea 2.5%          
  Korea Monetary Stabilization Bond,          
 
senior note, 1.80%, 9/09/19

     10,158,000,000 KRW $  8,927,202
 
senior note, 1.85%, 10/02/19

     17,190,000,000 KRW  15,111,411
            24,038,613
 
Total Foreign Government and Agency Securities

(Cost $98,533,232)

        95,175,046
  U.S. Government and Agency Securities 4.3%          
  United States 4.3%          
k U.S. Treasury Bill,          
 
5/30/19

         20,296,000    20,217,915
 
5/02/19 - 9/26/19

         20,269,000    20,167,506
            40,385,421
 
Total U.S. Government and Agency Securities

(Cost $40,379,189)

        40,385,421
 
Total Investments before Money Market Funds (Cost $684,998,051)

        626,727,913
        Shares    
  Money Market Funds (Cost $236,849,824) 25.0%          
  United States 25.0%          
m,n
Institutional Fiduciary Trust Money Market Portfolio, 2.10%

        236,849,824   236,849,824
 
Total Investments

(Cost $921,847,875) 91.2%

        863,577,737
 
Options Written (0.0)%

        (175)
 
Other Assets, less Liabilities 8.8%

        83,532,206
 
Net Assets 100.0%

        $947,109,768
    Number of
Contracts
  Notional
Amount*
   
  Options Written (Premiums received $231) (0.0)%          
  Calls - Over-the-Counter          
  Currency Options (0.0)%          
 
AUD/USD, Counterparty GSCO, December Strike Price $0.739, Expires 12/23/19

1            23,000 AUD        (175)
  |  4

Templeton Global Income Fund
STATEMENT OF INVESTMENTS (UNAUDITED)
†Rounds to less than 0.1% of net assets.
*The principal/notional amount is stated in U.S. dollars unless otherwise indicated.
aThe coupon rate shown represents the rate at period end.
bRedemption price at maturity and coupon paymentare adjusted for inflation.  
cPrincipal amount is stated in 1,000 Brazilian Real Units.
dPrincipal amount is stated in 100 Mexican Peso Units.
ePrincipal amount of security is adjusted for inflation.  
fPrincipal amount is stated in 100 Unidad de Inversion Units.
gA supranational organization is an entity formed by two or more central governments through international treaties.
hNon-income producing.
iSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. This security has been deemed liquid under guidelines approved by the Fund’s Board of Trustees. At March 31, 2019, the value of this security was $3,355,648, representing 0.4% of net assets.
jThe principal represents the notional amount. See  Note 3 regarding value recovery instruments.
kThe security was issued on a discount basis with no stated coupon rate.
lPrincipal amount is stated in 10 Mexican Peso Units.
mSee  Note 5 regarding investments in affiliated management investment companies.
nThe rate shown is the annualized seven-day effective yield at period end.
At March 31, 2019, the Fund had the following forward exchange contracts outstanding. See  Note 3.
Forward Exchange Contracts
Currency Counterpartya Type Quantity Contract Amount*   Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
OTC Forward Exchange Contracts              
Euro 

HSBK Buy 2,972,000 3,336,070   4/01/19 $         — $      (792)
Euro 

HSBK Sell 2,972,000 3,388,318   4/01/19     53,039          —
Euro 

GSCO Sell 2,676,375 3,065,333   4/04/19     61,055          —
Indian Rupee 

HSBK Buy 309,946,000 4,500,450   4/04/19          —    (27,344)
Indian Rupee 

HSBK Sell 309,946,000 4,330,064   4/04/19          —   (143,042)
Indian Rupee 

BNDP Sell 363,139,700 5,063,509   4/05/19          —   (175,947)
Euro 

BOFA Sell 1,257,588 1,429,739   4/08/19     17,599          —
Japanese Yen 

JPHQ Sell 208,350,000 1,921,560   4/08/19     39,704          —
Australian Dollar 

CITI Sell 2,549,800 1,820,940   4/09/19     10,190          —
Euro 

UBSW Sell 13,525,000 15,632,330   4/09/19    443,880          —
Japanese Yen 

JPHQ Sell 557,950,000 5,186,551   4/09/19    146,587          —
Japanese Yen 

GSCO Sell 69,178,000 641,333   4/10/19     16,391          —
Japanese Yen 

HSBK Sell 555,000,000 5,146,762   4/10/19    132,992          —
Australian Dollar 

JPHQ Sell 6,321,500 4,537,383   4/11/19     47,971          —
Euro 

BZWS Sell 4,094,000 4,611,093   4/11/19     12,793          —
Euro 

HSBK Sell 13,422,375 15,479,823   4/11/19    404,078          —
Euro 

JPHQ Sell 7,083,554 8,180,173   4/11/19    224,066          —
Indian Rupee 

HSBK Sell 247,578,743 3,477,083   4/11/19          —    (89,580)
Japanese Yen 

HSBK Sell 147,385,635 1,323,785   4/11/19          —     (7,790)
Japanese Yen 

JPHQ Sell 557,950,000 5,167,974   4/11/19    127,100          —
Japanese Yen 

DBAB Sell 167,200,000 1,508,764   4/12/19          —     (1,963)
Australian Dollar 

CITI Sell 5,634,533 3,980,798   4/15/19          —    (21,058)
Australian Dollar 

JPHQ Sell 20,622,000 14,839,832   4/15/19    193,317          —
Euro 

GSCO Sell 748,727 866,127   4/15/19     24,888          —
Indian Rupee 

CITI Sell 427,625,000 5,994,931   4/15/19          —   (159,246)
Indian Rupee 

HSBK Sell 427,246,885 5,995,017   4/15/19          —   (153,718)
Japanese Yen 

CITI Sell 257,910,667 2,330,185   4/15/19          —       (785)
Japanese Yen 

DBAB Sell 277,200,000 2,502,607   4/15/19          —     (2,698)
Japanese Yen 

JPHQ Sell 102,242,000 922,325   4/15/19          —     (1,728)
  |  5

Templeton Global Income Fund
STATEMENT OF INVESTMENTS (UNAUDITED)
Forward Exchange Contracts  (continued)
Currency Counterpartya Type Quantity Contract Amount*   Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
OTC Forward Exchange Contracts (continued)              
Euro 

BOFA Sell 6,265,500 7,238,407   4/16/19 $   198,152 $         —
Euro 

GSCO Sell 1,183,000 1,367,169   4/16/19     37,887          —
Indian Rupee 

CITI Sell 22,267,000 311,734   4/16/19          —     (8,641)
Japanese Yen 

CITI Sell 94,950,000 881,722   4/16/19     23,496          —
Japanese Yen 

HSBK Sell 505,050,000 4,688,240   4/16/19    123,239          —
Japanese Yen 

JPHQ Sell 467,930,000 4,358,103   4/16/19    128,619          —
South Korean Won 

CITI Sell 616,384,000 542,926   4/16/19        875          —
Euro 

SCNY Sell 6,873,000 7,897,077   4/17/19    173,551          —
Japanese Yen 

HSBK Sell 372,780,000 3,387,416   4/17/19     17,661          —
Japanese Yen 

DBAB Sell 490,271,000 4,402,727   4/18/19          —    (29,491)
Japanese Yen 

GSCO Sell 133,059,715 1,204,193   4/18/19      1,287          —
Japanese Yen 

GSCO Sell 133,083,710 1,195,066   4/18/19          —     (8,057)
Japanese Yen 

HSBK Sell 93,560,000 839,032   4/18/19          —     (6,783)
Japanese Yen 

MSCO Sell 245,000,000 2,197,704   4/18/19          —    (17,181)
Japanese Yen 

CITI Sell 207,460,000 1,865,312   4/22/19          —    (10,875)
Japanese Yen 

HSBK Sell 707,007,200 6,402,833   4/22/19      8,936          —
Euro 

GSCO Sell 1,285,391 1,476,683   4/23/19     31,494          —
Euro 

JPHQ Sell 11,085,000 12,738,439   4/23/19    275,372          —
Euro 

UBSW Sell 5,829,129 6,699,535   4/23/19    145,739          —
Japanese Yen 

JPHQ Sell 1,459,049,000 13,182,768   4/23/19          —    (13,493)
Euro 

UBSW Sell 1,228,000 1,404,869   4/24/19     24,090          —
Euro 

JPHQ Sell 6,359,037 7,280,493   4/25/19    129,705          —
Japanese Yen 

JPHQ Sell 275,000,000 2,520,589   4/25/19     32,922          —
Japanese Yen 

JPHQ Sell 478,194,000 4,300,062   4/25/19          —    (25,710)
Japanese Yen 

SCNY Sell 696,345,000 6,297,006   4/25/19          —     (2,173)
Japanese Yen 

BZWS Sell 125,158,380 1,134,431   4/26/19      2,139          —
Japanese Yen 

CITI Sell 220,552,000 2,012,461   4/26/19     17,154          —
Japanese Yen 

DBAB Sell 187,160,000 1,706,006   4/26/19     12,793          —
Japanese Yen 

HSBK Sell 2,103,406,455 19,258,107   4/26/19    228,845          —
Japanese Yen 

MSCO Sell 155,600,000 1,434,591   4/26/19     26,896          —
Mexican Peso 

HSBK Buy 104,380,700 4,505,382 EUR 4/26/19    288,690          —
Mexican Peso 

HSBK Sell 104,380,700 4,423,323 EUR 4/26/19          —   (380,974)
Euro 

BOFA Sell 8,723,695 9,978,380   4/29/19    165,160          —
Euro 

GSCO Sell 451,231 518,338   4/29/19     10,752          —
Mexican Peso 

CITI Buy 350,137,330 15,181,053 EUR 4/29/19    878,622          —
Mexican Peso 

CITI Sell 350,137,330 14,843,086 EUR 4/29/19          — (1,258,799)
Mexican Peso 

DBAB Buy 129,747,300 5,618,226 EUR 4/29/19    333,776          —
Mexican Peso 

DBAB Sell 129,747,300 5,494,089 EUR 4/29/19          —   (473,417)
Mexican Peso 

JPHQ Buy 39,025,000 1,692,721 EUR 4/29/19     97,144          —
Mexican Peso 

JPHQ Sell 39,025,000 1,653,251 EUR 4/29/19          —   (141,542)
Euro 

BOFA Sell 8,723,695 10,038,181   4/30/19    224,091          —
Euro 

BZWS Sell 2,175,778 2,504,951   4/30/19     57,218          —
Euro 

GSCO Sell 1,784,250 2,052,499   4/30/19     45,232          —
Euro 

JPHQ Sell 33,330 38,363   4/30/19        867          —
Euro 

SCNY Sell 4,300,311 4,948,282   4/30/19    110,465          —
South Korean Won 

HSBK Sell 12,970,000,000 11,523,767   4/30/19    111,630          —
Euro 

JPHQ Sell 893,000 1,027,218   5/02/19     22,422          —
Japanese Yen 

CITI Sell 256,312,747 2,308,354   5/07/19          —    (12,326)
Euro 

JPHQ Sell 4,312,000 4,947,804   5/08/19     93,396          —
Australian Dollar 

CITI Sell 5,614,733 3,971,975   5/13/19          —    (17,985)
Australian Dollar 

JPHQ Sell 6,321,500 4,476,539   5/13/19          —    (15,666)
Euro 

JPHQ Sell 3,156,669 3,606,668   5/13/19     51,343          —
  |  6

Templeton Global Income Fund
STATEMENT OF INVESTMENTS (UNAUDITED)
Forward Exchange Contracts  (continued)
Currency Counterpartya Type Quantity Contract Amount*   Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
OTC Forward Exchange Contracts (continued)              
Australian Dollar 

JPHQ Sell 14,547,500 10,303,311   5/14/19 $         — $   (34,678)
Euro 

HSBK Sell 7,662,000 8,718,092   5/14/19     87,692          —
Australian Dollar 

CITI Sell 5,614,733 3,993,900   5/15/19      3,788          —
Australian Dollar 

JPHQ Sell 7,979,000 5,674,745   5/15/19      4,465          —
Euro 

CITI Sell 1,417,000 1,611,979   5/15/19     15,743          —
Euro 

JPHQ Sell 932,604 1,060,529   5/15/19      9,960          —
Mexican Peso 

CITI Buy 424,000,000 2,248,472,000 JPY 5/15/19  1,315,895          —
Mexican Peso 

CITI Sell 424,000,000 2,289,854,400 JPY 5/15/19          —   (941,009)
South Korean Won 

CITI Sell 5,173,000,000 4,570,192   5/15/19     17,013          —
South Korean Won 

DBAB Sell 5,870,000,000 5,211,524   5/16/19     44,743          —
Australian Dollar 

JPHQ Sell 4,614,000 3,273,541   5/20/19          —     (5,715)
Euro 

BOFA Sell 13,098,580 14,900,814   5/20/19    138,845          —
Euro 

GSCO Sell 3,105,000 3,527,001   5/20/19     27,697          —
Euro 

JPHQ Sell 36,690,814 41,714,703   5/20/19    364,524          —
Indian Rupee 

HSBK Sell 282,901,000 3,935,466   5/20/19          —   (110,581)
Japanese Yen 

BZWS Sell 66,495,000 593,395   5/20/19          —     (9,194)
Japanese Yen 

BZWS Sell 518,550,000 4,722,420   5/20/19     23,229          —
Japanese Yen 

GSCO Sell 133,059,715 1,210,635   5/20/19      4,825          —
Japanese Yen 

HSBK Sell 380,340,000 3,461,649   5/20/19     14,941          —
Japanese Yen 

JPHQ Sell 3,416,159,000 31,069,125   5/20/19    111,294          —
Japanese Yen 

SCNY Sell 103,657,300 942,793   5/20/19      3,433          —
Australian Dollar 

JPHQ Sell 3,926,000 2,797,196   5/21/19      6,862          —
Euro 

GSCO Sell 1,285,078 1,465,400   5/21/19     17,002          —
Euro 

JPHQ Sell 25,367,558 28,829,338   5/21/19    237,816          —
Euro 

SCNY Sell 3,955,000 4,510,480   5/21/19     52,839          —
Euro 

UBSW Sell 6,199,607 7,054,905   5/21/19     67,389          —
Japanese Yen 

BOFA Sell 870,842,750 7,931,066   5/21/19     38,796          —
Japanese Yen 

BOFA Sell 1,567,330,000 14,094,314   5/21/19          —   (110,079)
Japanese Yen 

CITI Sell 1,438,294,600 13,089,506   5/21/19     54,535          —
Japanese Yen 

DBAB Sell 1,279,817,000 11,653,398   5/21/19     54,677          —
South Korean Won 

CITI Sell 6,847,000,000 6,095,433   5/21/19     68,024          —
Indian Rupee 

JPHQ Sell 299,959,000 4,159,206   5/22/19          —   (129,660)
Japanese Yen 

BZWS Sell 66,495,000 604,297   5/22/19      1,625          —
Japanese Yen 

SCNY Sell 219,020,000 1,989,897   5/22/19      4,827          —
Euro 

BZWS Sell 1,087,889 1,243,294   5/28/19     16,382          —
Euro 

GSCO Sell 1,348,769 1,543,612   5/28/19     22,483          —
Euro 

MSCO Sell 4,545,000 5,195,094   5/28/19     69,284          —
Indian Rupee 

JPHQ Sell 466,711,000 6,475,442   5/28/19          —   (192,334)
Japanese Yen 

BNDP Sell 155,600,000 1,413,806   5/28/19      2,957          —
Japanese Yen 

BZWS Sell 146,100,000 1,329,192   5/28/19      4,481          —
Japanese Yen 

BZWS Sell 726,500,000 6,581,272   5/28/19          —     (6,015)
Japanese Yen 

CITI Sell 178,564,000 1,625,615   5/28/19      6,547          —
Japanese Yen 

DBAB Sell 95,240,000 866,460   5/28/19      2,904          —
Japanese Yen 

JPHQ Sell 478,194,000 4,311,161   5/28/19          —    (24,697)
Japanese Yen 

DBAB Sell 1,141,004,974 10,368,060   5/31/19     19,956          —
Japanese Yen 

HSBK Sell 951,318,000 8,648,778   5/31/19     21,000          —
Japanese Yen 

JPHQ Sell 825,457,000 7,504,155   5/31/19     17,847          —
Australian Dollar 

CITI Sell 2,549,800 1,822,852   6/03/19     10,203          —
Australian Dollar 

GSCO Sell 26,618,090 18,926,527   6/04/19      3,450          —
Euro 

BOFA Sell 7,200,930 8,262,923   6/04/19    137,087          —
Euro 

GSCO Sell 2,676,375 3,069,856   6/04/19     49,720          —
Euro 

HSBK Sell 4,550,000 5,213,617   6/04/19     79,203          —
  |  7

Templeton Global Income Fund
STATEMENT OF INVESTMENTS (UNAUDITED)
Forward Exchange Contracts  (continued)
Currency Counterpartya Type Quantity Contract Amount*   Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
OTC Forward Exchange Contracts (continued)              
Japanese Yen 

HSBK Sell 980,688,000 8,868,704   6/04/19 $         — $   (28,233)
Japanese Yen 

JPHQ Sell 208,350,000 1,889,033   6/04/19          —     (1,146)
Euro 

JPHQ Sell 6,016,524 6,895,479   6/05/19    105,616          —
Euro 

SCNY Sell 1,325,806 1,522,741   6/05/19     26,522          —
Indian Rupee 

BNDP Sell 366,171,300 5,088,928   6/06/19          —   (136,753)
Indian Rupee 

HSBK Sell 308,587,000 4,283,848   6/06/19          —   (120,039)
Euro 

BOFA Sell 1,258,386 1,436,498   6/07/19     16,130          —
South Korean Won 

DBAB Sell 5,874,000,000 5,284,275   6/10/19    110,517          —
Indian Rupee 

HSBK Sell 424,992,790 5,928,409   6/11/19          —   (133,046)
Indian Rupee 

BNDP Sell 102,165,000 1,430,181   6/12/19          —    (26,769)
Euro 

JPHQ Sell 916,524 1,041,799   6/14/19      6,700          —
Indian Rupee 

HSBK Sell 213,251,757 3,007,994   6/14/19          —    (32,400)
Indian Rupee 

HSBK Sell 425,413,000 6,015,030   6/17/19          —    (48,007)
Euro 

BOFA Sell 6,549,290 7,460,034   6/18/19     60,986          —
Euro 

GSCO Sell 748,727 852,714   6/18/19      6,841          —
Indian Rupee 

CITI Sell 343,270,000 4,842,632   6/18/19          —    (49,100)
Japanese Yen 

BOFA Sell 352,816,750 3,183,118   6/18/19          —    (21,208)
Japanese Yen 

CITI Sell 1,207,320,000 10,892,664   6/18/19          —    (72,365)
Japanese Yen 

JPHQ Sell 197,300,000 1,780,260   6/18/19          —    (11,643)
Indian Rupee 

JPHQ Sell 300,988,000 4,273,273   6/19/19          —    (15,405)
Indian Rupee 

JPHQ Sell 258,585,000 3,710,770   6/20/19     26,724          —
Indian Rupee 

HSBK Sell 309,946,000 4,446,858   7/05/19     38,803          —
Indonesian Rupiah 

JPHQ Buy 111,570,000,000 10,785,963 AUD 7/10/19     38,287          —
Indonesian Rupiah 

JPHQ Sell 111,570,000,000 10,908,291 AUD 7/10/19     48,734          —
Indian Rupee 

HSBK Sell 270,815,000 3,716,872   7/22/19          —   (127,278)
South Korean Won 

HSBK Sell 7,321,000,000 6,552,403   8/19/19     88,686          —
Euro 

JPHQ Sell 32,400,000 37,352,664   9/20/19    461,330          —
South Korean Won 

CITI Sell 2,579,000,000 2,291,487   9/20/19     11,910          —
Euro 

GSCO Sell 1,285,078 1,481,913   9/23/19     18,329          —
Euro 

DBAB Sell 14,148,265 16,370,957   9/25/19    254,705          —
Euro 

BZWS Sell 1,087,889 1,248,238   9/30/19      8,506          —
Euro 

SCNY Sell 4,385,600 5,008,926   9/30/19     11,199          —
Euro 

HSBK Sell 2,972,000 3,386,743   10/01/19          —       (363)
Total Forward Exchange Contracts 

$10,683,818 $(5,596,521)
Net unrealized appreciation (depreciation) 

$5,087,297
 
*In U.S. dollars unless otherwise indicated.
aMay be comprised of multiple contracts with the same counterparty, currency and settlement date.
 
At March 31, 2019, the Fund had the following interest rate swap contracts outstanding. See  Note 3.
Interest Rate Swap Contracts
Description Payment
Frequency
  Maturity
Date
Notional
Amount
  Value/Unrealized
Appreciation
(Depreciation)
Centrally Cleared Swap Contracts
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 1.914%

Semi-Annual   1/22/25 $35,260,000   $   798,271
  |  8

Templeton Global Income Fund
STATEMENT OF INVESTMENTS (UNAUDITED)
Interest Rate Swap Contracts  (continued)
Description Payment
Frequency
  Maturity
Date
Notional
Amount
  Value/Unrealized
Appreciation
(Depreciation)
Centrally Cleared Swap Contracts (continued)
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 1.970%

Semi-Annual   1/23/25 $17,628,000   $   343,569
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 1.973%

Semi-Annual   1/27/25 10,404,000      200,269
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 1.942%

Semi-Annual   1/30/25 5,500,000      115,374
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 1.978%

Semi-Annual   3/27/25 800,000       14,517
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 1.985%

Semi-Annual   3/27/25 800,000       14,189
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 2.449%

Semi-Annual   7/02/25 6,340,000      (48,148)
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 2.310%

Semi-Annual   7/29/25 16,220,000        9,270
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 2.752%

Semi-Annual   7/29/45 23,960,000     (837,192)
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 2.378%

Semi-Annual   11/18/46 56,100,000    1,958,665
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 2.794%

Semi-Annual   3/13/47 10,100,000     (453,068)
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 2.537%

Semi-Annual   4/13/47 12,300,000       29,386
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 2.980%

Semi-Annual   2/20/48 12,196,000   (1,042,284)
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 3.002%

Semi-Annual   2/22/48 12,196,000   (1,099,168)
Receive Floating 3-month USD LIBOR

Quarterly          
Pay Fixed 3.019%

Semi-Annual   2/23/48 12,196,000   (1,143,099)
Total Interest Rate Swap Contracts

$(1,139,449)
See Abbreviations on page 13.
  |  9

Templeton Global Income Fund
Notes to Statement of Investments (unaudited)
1.   ORGANIZATION
Templeton Global Income Fund (Fund) is registered under the Investment Company Act of 1940 as a closed-end management investment company and applies the specialized accounting and reporting guidance in U.S. Generally Accepted Accounting Principles (U.S. GAAP). 
2.  FINANCIAL INSTRUMENT VALUATION
The Fund’s investments in financial instruments are carried at fair value daily. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. The Fund calculates the net asset value (NAV) per share each business day as of 4 p.m. Eastern time or the regularly scheduled close of the New York Stock Exchange (NYSE), whichever is earlier. Under compliance policies and procedures approved by the Fund’s Board of Trustees (the Board), the Fund’s administrator has responsibility for oversight of valuation, including leading the cross-functional Valuation Committee (VC). The Fund may utilize independent pricing services, quotations from securities and financial instrument dealers, and other market sources to determine fair value.
Debt securities generally trade in the over-the-counter (OTC) market rather than on a securities exchange. The Fund’s pricing services use multiple valuation techniques to determine fair value. In instances where sufficient market activity exists, the pricing services may utilize a market-based approach through which quotes from market makers are used to determine fair value. In instances where sufficient market activity may not exist or is limited, the pricing services also utilize proprietary valuation models which may consider market characteristics such as benchmark yield curves, credit spreads, estimated default rates, anticipated market interest rate volatility, coupon rates, anticipated timing of principal repayments, underlying collateral, and other unique security features in order to estimate the relevant cash flows, which are then discounted to calculate the fair value. Securities denominated in a foreign currency are converted into their U.S. dollar equivalent at the foreign exchange rate in effect at 4 p.m. Eastern time on the date that the values of the foreign debt securities are determined.
Investments in open-end mutual funds are valued at the closing NAV.
Certain derivative financial instruments are centrally cleared or trade in the OTC market. The Fund’s pricing services use various techniques including industry standard option pricing models and proprietary discounted cash flow models to determine the fair value of those instruments. The Fund’s net benefit or obligation under the derivative contract, as measured by the fair value of the contract, is included in net assets.
The Fund has procedures to determine the fair value of financial instruments for which market prices are not reliable or readily available. Under these procedures, the Fund primarily employs a market-based approach which may use related or comparable assets or liabilities, recent transactions, market multiples, book values, and other relevant information for the investment to determine the fair value of the investment. An income-based valuation approach may also be used in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Due to the inherent uncertainty of valuations of such investments, the fair values may differ significantly from the values that would have been used had an active market existed. 
3.  DERIVATIVE FINANCIAL INSTRUMENTS
The Fund invested in derivative financial instruments in order to manage risk or gain exposure to various other investments or markets. Derivatives are financial contracts based on an underlying or notional amount, require no initial investment or an initial net investment that is smaller than would normally be required to have a similar response to changes in market factors, and require or permit net settlement. Derivatives contain various risks including the potential inability of the counterparty to fulfill their obligations under the terms of the contract, the potential for an illiquid secondary market, and/or the potential for market movements.
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Templeton Global Income Fund
Notes to Statement of Investments (unaudited)
Derivative counterparty credit risk is managed through a formal evaluation of the creditworthiness of all potential counterparties. The Funds attempts to reduce its exposure to counterparty credit risk on OTC derivatives, whenever possible, by entering into International Swaps and Derivatives Association (ISDA) master agreements with certain counterparties. These agreements contain various provisions, including but not limited to collateral requirements, events of default, or early termination. Termination events applicable to the counterparty include certain deteriorations in the credit quality of the counterparty. Termination events applicable to the Fund include failure of the Fund to maintain certain net asset levels and/or limit the decline in net assets over various periods of time. In the event of default or early termination, the ISDA master agreement gives the non-defaulting party the right to net and close-out all transactions traded, whether or not arising under the ISDA agreement, to one net amount payable by one counterparty to the other. Early termination by the counterparty may result in an immediate payment by the Fund of any net liability owed to that counterparty under the ISDA agreement.
Collateral requirements differ by type of derivative. Collateral or initial margin requirements are set by the broker or exchange clearing house for exchange traded and centrally cleared derivatives. Initial margin deposited is held at the exchange and can be in the form of cash and/or securities. For OTC derivatives traded under an ISDA master agreement, posting of collateral is required by either the Fund or the applicable counterparty if the total net exposure of all OTC derivatives with the applicable counterparty exceeds the minimum transfer amount, which typically ranges from $100,000 to $250,000, and can vary depending on the counterparty and the type of the agreement. Generally, collateral is determined at the close of Fund business each day and any additional collateral required due to changes in derivative values may be delivered by the Fund or the counterparty the next business day, or within a few business days. Collateral pledged and/or received by the Fund for OTC derivatives, if any, is held in segregated accounts with the Fund’s custodian/counterparty broker and can be in the form of cash and/or securities. Unrestricted cash may be invested according to the Fund’s investment objectives. To the extent that the amounts due to the Fund from its counterparties are not subject to collateralization or are not fully collateralized, the Fund bears the risk of loss from counterparty non-performance.
At March 31, 2019, the Fund received $3,831,174 in U.S. Treasury Bills, Bonds and Notes as collateral for derivatives.
The Fund entered into OTC forward exchange contracts primarily to manage and/or gain exposure to certain foreign currencies. A forward exchange contract is an agreement between the Fund and a counterparty to buy or sell a foreign currency for a specific exchange rate on a future date.
The Fund entered into interest rate swap contracts primarily to manage interest rate risk. An interest rate swap is an agreement between the Fund and a counterparty to exchange cash flows based on the difference between two interest rates, applied to a notional amount. These agreements may be privately negotiated in the over-the-counter market (OTC interest rate swaps) or may be executed on a registered exchange (centrally cleared interest rate swaps). For centrally cleared interest rate swaps, required initial margins are pledged by the Fund, and the daily change in fair value is accounted for as a variation margin payable or receivable. Over the term of the contract, contractually required payments to be paid and to be received are accrued daily and recorded as unrealized depreciation and appreciation until the payments are made, at which time they are realized.
The Fund purchased or wrote OTC option contracts primarily to manage and/or gain exposure to foreign exchange rate risk. An option is a contract entitling the holder to purchase or sell a specific amount of shares or units of an asset or notional amount of a swap (swaption), at a specified price. When an option is purchased or written, an amount equal to the premium paid or received is recorded as an asset or liability, respectively. Upon exercise of an option, the acquisition cost or sales proceeds of the underlying investment is adjusted by any premium received or paid. Upon expiration of an option, any premium received or paid is recorded as a realized gain or loss. Upon closing an option other than through expiration or exercise, the difference between the premium received or paid and the cost to close the position is recorded as a realized gain or loss.
The Fund invests in value recovery instruments (VRI) primarily to gain exposure to economic growth. Periodic payments from VRI are dependent on established benchmarks for underlying variables. VRI has a notional amount, which is used to calculate amounts of payments to holders. Payments are recorded upon receipt as realized gains. The risks of investing in VRI include growth risk, liquidity, and the potential loss of investment. 
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Templeton Global Income Fund
Notes to Statement of Investments (unaudited)
4.  CONCENTRATION OF RISK
Investing in foreign securities may include certain risks and considerations not typically associated with investing in U.S. securities, such as fluctuating currency values and changing local and regional economic, political and social conditions, which may result in greater market volatility. Current political and financial uncertainty surrounding the European Union may increase market volatility and the economic risk of investing in securities in Europe. In addition, certain foreign securities may not be as liquid as U.S. securities. 
5.  INVESTMENTS IN AFFILIATED MANAGEMENT INVESTMENT COMPANIES
The Fund invests in one or more affiliated management investment companies for purposes other than exercising a controlling influence over the management or policies. During the period ended March 31, 2019, the Fund held investments in affiliated management investment companies as follows:
  Number of
Shares Held
at Beginning
of Period
Gross
Additions
Gross
Reductions
Number of
Shares
Held at End
of Period
Value
at End
of Period
Dividend
Income
Realized
Gain (Loss)
Net Change in
Unrealized
Appreciation
(Depreciation)
Non-Controlled Affiliates                
Institutional Fiduciary Trust Money Market Portfolio, 2.10%

236,712,686 20,238,853 (20,101,715) 236,849,824 $236,849,824 $1,205,745 $  — $  —
6.  FAIR VALUE MEASUREMENTS
The Fund follows a fair value hierarchy that distinguishes between market data obtained from independent sources (observable inputs) and the Fund’s own market assumptions (unobservable inputs). These inputs are used in determining the value of the Fund’s financial instruments and are summarized in the following fair value hierarchy:
•  Level 1 – quoted prices in active markets for identical financial instruments
•  Level 2 – other significant observable inputs (including quoted prices for similar financial instruments, interest rates, prepayment speed, credit risk, etc.)
•  Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of financial instruments)
The input levels are not necessarily an indication of the risk or liquidity associated with financial instruments at that level.
A summary of inputs used as of March 31, 2019, in valuing the Fund’s assets and liabilities carried at fair value, is as follows:
  Level 1 Level 2 Level 3 Total
Assets:        
Investments in Securities:a        
Foreign Government and Agency Securities

$ $491,167,281 $ $491,167,281
Options Purchased

165 165
Short Term Investments

277,235,245 95,175,046 372,410,291
Total Investments in Securities

$277,235,245 $586,342,492 $ — $863,577,737
Other Financial Instruments:        
Forward Exchange Contracts

$ $10,683,818 $ $10,683,818
Swap Contracts

3,483,510 3,483,510
Total Other Financial Instruments

$ — $14,167,328 $ — $14,167,328
  |  12

Templeton Global Income Fund
Notes to Statement of Investments (unaudited)
  Level 1 Level 2 Level 3 Total
Liabilities:        
Other Financial Instruments:        
Options Written

$ $175 $ $175
Forward Exchange Contracts

5,596,521 5,596,521
Swap Contracts

4,622,959 4,622,959
Total Other Financial Instruments

$ — $10,219,655 $ — $10,219,655
    
aFor detailed categories, see the accompanying Statement of Investments. 
7.  SUBSEQUENT EVENTS
The Fund has evaluated subsequent events through the issuance of the Statement of Investments and determined that no events have occurred that require disclosure. 
Abbreviations
Counterparty
BNDP BNP Paribas
BOFA Bank of America Corp.
BZWS Barclays Bank PLC
CITI Citigroup, Inc.
DBAB Deutsche Bank AG
GSCO The Goldman Sachs Group, Inc.
HSBK HSBC Bank PLC
JPHQ JP Morgan Chase & Co.
MSCO Morgan Stanley
SCNY Standard Chartered Bank
UBSW UBS AG
Currency
ARS Argentine Peso
AUD Australian Dollar
BRL Brazilian Real
COP Colombian Peso
EUR Euro
GHS Ghanaian Cedi
IDR Indonesian Rupiah
INR Indian Rupee
JPY Japanese Yen
KRW South Korean Won
MXN Mexican Peso
PHP Philippine Peso
USD United States Dollar
Selected Portfolio
ARPP7DRR Argentina Central Bank 7 Day Repo Rate
BADLAR Argentina Deposit Rates Badlar Private
FRN Floating Rate Note
GDP Gross Domestic Product
LIBOR London InterBank Offered Rate
VRI Value Recovery Instruments
 
For additional information on the Fund’s significant accounting policies, please refer to the Fund’s most recent semiannual or annual shareholder report.
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