Not

FDIC

Insured

May

Lose

Value

No

Bank

Guarantee

TLGIM-Q1PH

1

Schedule

of

Investments

(unaudited)

Templeton

Global

Income

Fund

2

Notes

to

Schedule

of

Investments

8

Templeton

Global

Income

Fund

Schedule

of

Investments

(unaudited),

March

31,

2022

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

2

a

a

Industry

Principal

Amount

*

a

Value

a

a

a

a

a

a

Foreign

Government

and

Agency

Securities

70.1%

Argentina

0.2%

Argentina

Government

Bond,

15.5%,

10/17/26

.....................

512,895,000

ARS

$

1,106,758

Brazil

12.1%

Brazil

Notas

do

Tesouro

Nacional

,

10%,

1/01/25

..................

50,000,000

BRL

10,172,554

10%,

1/01/27

..................

36,560,000

BRL

7,308,064

10%,

1/01/29

..................

9,230,000

BRL

1,809,545

10%,

1/01/31

..................

246,560,000

BRL

47,322,962

66,613,125

China

4.6%

China

Government

Bond

,

2.93%,

12/10/22

................

68,250,000

CNY

10,824,795

2.56%,

10/21/23

................

92,200,000

CNY

14,605,745

25,430,540

Colombia

4.5%

Colombia

Titulos

de

Tesoreria

,

B,

10%,

7/24/24

................

4,422,000,000

COP

1,204,043

B,

6.25%,

11/26/25

..............

20,320,000,000

COP

4,908,851

B,

7.5%,

8/26/26

...............

44,184,300,000

COP

10,972,339

B,

6%,

4/28/28

.................

25,265,000,000

COP

5,661,529

B,

7.75%,

9/18/30

..............

9,129,700,000

COP

2,163,706

24,910,468

Dominican

Republic

1.2%

a

Dominican

Republic

Government

Bond

,

Senior

Bond,

144A,

5.3%,

1/21/41

..

3,520,000

3,066,835

Senior

Bond,

144A,

5.875%,

1/30/60

3,870,000

3,328,200

6,395,035

Ecuador

3.8%

a

Ecuador

Government

Bond

,

Senior

Bond,

144A,

0.5%,

7/31/35

..

21,006,000

13,759,140

Senior

Bond,

144A,

0.5%,

7/31/40

..

10,051,000

5,714,094

Senior

Note

,

144A,

0.5%,

7/31/30

..

1,733,000

1,441,007

20,914,241

Egypt

1.8%

a

Egypt

Government

Bond

,

Senior

Bond,

144A,

7.625%,

5/29/32

720,000

654,135

Senior

Bond,

144A,

7.3%,

9/30/33

..

3,370,000

2,951,935

Senior

Bond,

144A,

8.5%,

1/31/47

..

1,740,000

1,488,465

Senior

Bond,

144A,

7.903%,

2/21/48

670,000

546,114

Senior

Bond,

144A,

8.7%,

3/01/49

..

510,000

437,463

Senior

Bond,

144A,

8.875%,

5/29/50

2,150,000

1,867,103

Senior

Bond,

144A,

8.75%,

9/30/51

.

1,070,000

924,900

Senior

Bond,

144A,

7.5%,

2/16/61

..

1,470,000

1,171,913

10,042,028

Ghana

1.2%

Ghana

Government

Bond

,

18.85%,

9/28/23

................

10,970,000

GHS

1,468,758

19.75%,

3/25/24

................

8,520,000

GHS

1,130,440

19.25%,

6/23/25

................

7,340,000

GHS

947,627

19.75%,

3/15/32

................

15,680,000

GHS

1,933,069

Templeton

Global

Income

Fund

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

3

a

a

Industry

Principal

Amount

*

a

Value

a

a

a

a

a

a

Foreign

Government

and

Agency

Securities

(continued)

Ghana

(continued)

Ghana

Government

Bond,

(continued)

Senior

Note,

18.3%,

3/02/26

......

11,230,000

GHS

$

1,399,262

6,879,156

India

9.2%

India

Government

Bond

,

7.27%,

4/08/26

................

79,000,000

INR

1,084,580

8.33%,

7/09/26

................

624,000,000

INR

8,851,985

7.26%,

1/14/29

................

1,500,000,000

INR

20,342,392

Senior

Note

,

5.77%,

8/03/30

......

1,650,000,000

INR

20,362,147

50,641,104

Indonesia

9.7%

Indonesia

Government

Bond

,

9%,

3/15/29

...................

237,200,000,000

IDR

18,627,521

FR64,

6.125%,

5/15/28

..........

162,800,000,000

IDR

11,192,854

FR81,

6.5%,

6/15/25

............

154,312,000,000

IDR

11,198,440

FR86,

5.5%,

4/15/26

............

180,818,000,000

IDR

12,632,092

53,650,907

Mexico

0.2%

Mexican

Bonos

Desarr

Fixed

Rate,

M,

Senior

Bond,

8%,

12/07/23

........

17,050,000

MXN

851,943

Mongolia

0.2%

a

Mongolia

Government

Bond

,

144A,

4.45%,

7/07/31

............

400,000

361,594

Senior

Note

,

144A,

5.125%,

4/07/26

.

200,000

197,851

Senior

Note

,

144A,

3.5%,

7/07/27

..

400,000

363,916

923,361

Norway

4.4%

a

Norway

Government

Bond

,

Senior

Bond,

144A,

Reg

S,

2%,

5/24/23

......................

83,183,000

NOK

9,491,150

Senior

Bond,

144A,

Reg

S,

3%,

3/14/24

......................

85,878,000

NOK

9,912,640

Senior

Bond,

144A,

Reg

S,

1.75%,

3/13/25

......................

28,937,000

NOK

3,225,558

Senior

Bond,

144A,

Reg

S,

1.5%,

2/19/26

......................

17,165,000

NOK

1,878,680

24,508,028

Oman

0.8%

a

Oman

Government

Bond,

Senior

Bond,

144A,

4.75%,

6/15/26

............

4,190,000

4,217,654

South

Korea

7.7%

Korea

Treasury

Bond

,

3%,

3/10/23

...................

12,000,000,000

KRW

9,984,841

3%,

9/10/24

...................

5,310,000,000

KRW

4,409,621

1.875%,

12/10/24

...............

19,370,000,000

KRW

15,623,692

1.875%,

6/10/26

................

15,749,000,000

KRW

12,466,582

42,484,736

Sri

Lanka

0.1%

a

Sri

Lanka

Government

Bond,

Senior

Bond,

144A,

6.2%,

5/11/27

........

1,520,000

722,000

Templeton

Global

Income

Fund

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

4

a

a

Industry

Principal

Amount

*

a

Value

a

a

a

a

a

a

Foreign

Government

and

Agency

Securities

(continued)

Supranational

0.3%

b

Inter-American

Development

Bank,

Senior

Bond,

7.5%,

12/05/24

......

34,150,000

MXN

$

1,654,711

Sweden

4.3%

Sweden

Government

Bond,

3.5%,

6/01/22

......................

224,000,000

SEK

23,955,379

Thailand

3.8%

Thailand

Government

Bond

,

0.75%,

9/17/24

................

284,090,000

THB

8,467,477

1%,

6/17/27

...................

224,500,000

THB

6,538,199

Thai

land

Treasury

Bond,

Senior

Note

,

0.66%,

11/22/23

................

189,490,000

THB

5,680,916

20,686,592

Total

Foreign

Government

and

Agency

Securities

(Cost

$407,069,131)

............

386,587,766

Short

Term

Investments

36.9%

a

a

Principal

Amount

*

a

Value

a

a

a

a

a

a

Foreign

Government

and

Agency

Securities

7.1%

Brazil

1.6%

c

Brazil

Letras

do

Tesouro

Nacional

,

1/01/25

......................

58,000,000

BRL

9,024,861

Singapore

4.7%

c

Singapore

Treasury

Bills

,

6/10/22

......................

19,600,000

SGD

14,433,353

6/17/22

......................

5,380,000

SGD

3,960,773

1/24/23

......................

10,010,000

SGD

7,325,511

25,719,637

Thailand

0.8%

c

Thailand

Treasury

Bills

,

6/22/22

......

148,950,000

THB

4,472,287

Total

Foreign

Government

and

Agency

Securities

(Cost

$37,981,075)

..............

39,216,785

U.S.

Government

and

Agency

Securities

18.1%

United

States

18.1%

c

U.S.

Treasury

Bills

,

4/21/22

......................

44,200,000

44,197,115

8/25/22

......................

42,500,000

42,346,340

9/29/22

......................

13,400,000

13,332,504

99,875,959

Total

U.S.

Government

and

Agency

Securities

(Cost

$99,882,062)

.................

99,875,959

Industry

Shares

Money

Market

Funds

11.7%

United

States

11.7%

d,e

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

0.01%

..........

64,514,448

64,514,448

Total

Money

Market

Funds

(Cost

$64,514,448)

..................................

64,514,448

a

a

a

a

a

Total

Short

Term

Investments

(Cost

$202,377,585

)

...............................

203,607,192

a

a

a

Templeton

Global

Income

Fund

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

5

At

March

31,

2022,

the

Fund

had

the

following

forward

exchange

contracts

outstanding.

See

Note

3. 

a

Total

Investments

(Cost

$609,446,716)

107.0%

..................................

$590,194,958

Other

Assets,

less

Liabilities

(7.0)%

...........................................

(38,822,966)

Net

Assets

100.0%

...........................................................

$551,371,992

a

a

a

*

The

principal

amount

is

stated

in

U.S.

dollars

unless

otherwise

indicated.

a

Security

was

purchased

pursuant

to

Rule

144A

or

Regulation

S

under

the

Securities

Act

of

1933.

144A

securities

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.

Regulation

S

securities

cannot

be

sold

in

the

United

States

without

either

an

effective

registration

statement

filed

pursuant

to

the

Securities

Act

of

1933,

or

pursuant

to

an

exemption

from

registration.

At

March

31,

2022,

the

aggregate

value

of

these

securities

was

$67,722,347,

representing

12.3%

of

net

assets.

b

A

supranational

organization

is

an

entity

formed

by

two

or

more

central

governments

through

international

treaties.

c

The

security

was

issued

on

a

discount

basis

with

no

stated

coupon

rate.

d

See

Note

6

regarding

investments

in

affiliated

management

investment

companies.

e

The

rate

shown

is

the

annualized

seven-day

effective

yield

at

period

end.

Forward

Exchange

Contracts

Currency

Counter-

party

a

Type

Quantity

Contract

Amount

*

Settlement

Date

Unrealized

Appreciation

Unrealized

Depreciation

a

a

a

a

a

a

a

a

OTC

Forward

Exchange

Contracts

Indian

Rupee

......

JPHQ

Buy

264,184,500

3,479,775

4/07/22

$

—

$

(2,035)

Indian

Rupee

......

CITI

Buy

256,676,200

3,388,465

4/08/22

—

(10,110)

Indian

Rupee

......

JPHQ

Buy

106,826,200

1,408,016

4/08/22

—

(1,977)

Australian

Dollar

....

HSBK

Sell

24,240,000

17,416,508

4/12/22

—

(725,209)

Euro

.............

HSBK

Sell

4,802,375

5,497,094

4/12/22

182,492

—

Indian

Rupee

......

CITI

Buy

230,576,200

3,024,347

4/12/22

8,521

—

Indian

Rupee

......

HSBK

Buy

96,812,500

1,267,677

4/12/22

5,739

—

Mexican

Peso

......

CITI

Buy

151,635,500

7,268,147

4/13/22

343,184

—

Mexican

Peso

......

CITI

Sell

151,635,500

7,248,351

4/13/22

—

(362,981)

Euro

.............

DBAB

Sell

1,663,174

16,857,450

SEK

4/14/22

—

(47,893)

Swedish

Krona

.....

DBAB

Sell

16,857,450

1,634,662

EUR

4/14/22

16,338

—

Euro

.............

DBAB

Sell

1,259,976

12,643,100

SEK

4/19/22

—

(49,938)

Euro

.............

DBAB

Sell

21,127,184

23,977,875

4/19/22

592,407

—

Swedish

Krona

.....

DBAB

Sell

12,643,100

1,225,923

EUR

4/19/22

12,245

—

Singapore

Dollar

....

MSCO

Buy

2,010,000

1,491,817

4/21/22

—

(8,914)

Singapore

Dollar

....

MSCO

Sell

2,010,000

1,477,854

4/21/22

—

(5,049)

Euro

.............

HSBK

Sell

7,080,070

940,442,127

JPY

4/25/22

—

(109,566)

Japanese

Yen

......

HSBK

Sell

932,554,929

7,080,070

EUR

4/25/22

174,385

—

Euro

.............

JPHQ

Sell

3,196,986

3,623,072

4/27/22

83,525

—

Canadian

Dollar

....

HSBK

Sell

5,500,000

3,844,500

EUR

5/03/22

—

(141,600)

Canadian

Dollar

....

JPHQ

Sell

1,043,550

729,447

EUR

5/03/22

—

(26,861)

Chilean

Peso

......

GSCO

Buy

1,357,150,000

1,661,249

5/03/22

55,636

—

Euro

.............

HSBK

Sell

28,173,992

41,126,636

CAD

5/03/22

1,693,920

—

Euro

.............

JPHQ

Sell

700,204

1,043,550

CAD

5/03/22

59,242

—

Chilean

Peso

......

GSCO

Buy

2,292,067,510

2,889,719

5/11/22

5,687

—

Australian

Dollar

....

HSBK

Sell

2,834,989

2,023,550

5/17/22

—

(99,355)

Australian

Dollar

....

MSCO

Sell

5,158,000

3,679,758

5/17/22

—

(182,670)

Indian

Rupee

......

SCNY

Buy

387,100,000

5,066,157

5/17/22

—

(602)

Templeton

Global

Income

Fund

Schedule

of

Investments

(unaudited)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

6

Forward

Exchange

Contracts

(continued)

Currency

Counter-

party

a

Type

Quantity

Contract

Amount*

Settlement

Date

Unrealized

Appreciation

Unrealized

Depreciation

a

a

a

a

a

a

a

a

OTC

Forward

Exchange

Contracts

(continued)

Euro

.............

DBAB

Sell

29,339,682

300,934,178

SEK

5/18/22

$

—

$

(480,553)

Euro

.............

HSBK

Sell

2,280,000

2,599,952

5/18/22

73,514

—

Euro

.............

JPHQ

Sell

3,436,970

34,610,000

SEK

5/18/22

—

(124,696)

South

Korean

Won

..

CITI

Buy

952,000,000

794,127

5/18/22

—

(11,062)

Swedish

Krona

.....

DBAB

Sell

167,037,646

16,190,368

EUR

5/18/22

161,442

—

Euro

.............

JPHQ

Sell

21,977,541

230,351,000

NOK

5/19/22

1,804,836

—

Norwegian

Krone

...

JPHQ

Sell

230,351,000

23,014,590

EUR

5/19/22

—

(655,643)

Japanese

Yen

......

CITI

Buy

2,848,700,000

25,135,906

6/07/22

—

(1,696,566)

Japanese

Yen

......

CITI

Sell

2,848,700,000

24,680,491

6/07/22

1,241,151

—

Chinese

Yuan

......

BOFA

Buy

87,762,900

13,798,764

6/09/22

—

(43,837)

Euro

.............

DBAB

Sell

2,498,423

25,262,800

SEK

6/15/22

—

(80,806)

Euro

.............

DBAB

Sell

2,619,465

26,672,700

NOK

6/15/22

122,455

—

Norwegian

Krone

...

DBAB

Sell

26,672,700

2,676,339

EUR

6/15/22

—

(59,351)

Euro

.............

DBAB

Sell

4,004,606

40,777,700

NOK

6/16/22

187,087

—

Norwegian

Krone

...

DBAB

Sell

40,777,700

4,091,282

EUR

6/16/22

—

(90,912)

Chilean

Peso

......

JPHQ

Buy

1,630,680,000

1,975,145

6/17/22

70,518

—

Euro

.............

DBAB

Sell

38,765,113

395,905,000

NOK

6/20/22

1,935,857

—

Norwegian

Krone

...

DBAB

Sell

35,735,000

3,585,027

EUR

6/20/22

—

(79,260)

Chinese

Yuan

......

CITI

Buy

239,100,000

37,041,053

6/21/22

411,760

—

Euro

.............

CITI

Sell

3,111,992

32,042,000

NOK

6/21/22

184,708

—

Norwegian

Krone

...

CITI

Sell

32,042,000

3,214,266

EUR

6/21/22

—

(71,198)

South

Korean

Won

..

BNDP

Buy

73,351,000,000

61,878,691

6/21/22

—

(1,536,197)

South

Korean

Won

..

MSCO

Buy

13,300,000,000

10,912,373

6/28/22

29,803

—

Euro

.............

SCNY

Sell

1,325,806

1,503,649

7/06/22

31,079

—

Euro

.............

DBAB

Sell

1,257,644

12,643,100

SEK

7/19/22

—

(49,437)

Euro

.............

CITI

Sell

12,900,000

14,757,838

7/21/22

417,039

—

Euro

.............

HSBK

Sell

12,678,158

18,320,446

CAD

8/03/22

544,714

—

Euro

.............

JPHQ

Sell

722,235

1,043,246

CAD

8/03/22

30,701

—

Euro

.............

UBSW

Sell

513,000

586,144

8/03/22

15,406

—

Euro

.............

MSCO

Sell

1,215,000

1,382,585

8/04/22

30,757

—

Chilean

Peso

......

GSCO

Buy

2,394,434,956

2,852,895

8/08/22

122,193

—

Australian

Dollar

....

JPHQ

Sell

7,190,000

5,147,312

8/11/22

—

(246,446)

Chinese

Yuan

......

JPHQ

Buy

69,660,000

10,894,282

8/22/22

—

(8,960)

Chilean

Peso

......

BAST

Buy

16,891,500,000

19,335,508

9/06/22

1,541,659

—

New

Zealand

Dollar

.

CITI

Buy

16,040,000

10,915,092

9/21/22

162,469

—

New

Zealand

Dollar

.

JPHQ

Buy

2,720,000

1,854,686

9/21/22

23,803

—

Euro

.............

CITI

Sell

2,290,000

2,560,563

9/22/22

5,256

—

Euro

.............

HSBK

Sell

7,080,000

7,915,652

9/22/22

15,400

—

Chilean

Peso

......

JPHQ

Buy

2,292,596,735

2,766,164

10/26/22

42,771

—

Total

Forward

Exchange

Contracts

...................................................

$12,439,699

$(7,009,684)

Net

unrealized

appreciation

(depreciation)

............................................

$5,430,015

*

In

U.S.

dollars

unless

otherwise

indicated.

a

May

be

comprised

of

multiple

contracts

with

the

same

counterparty,

currency

and

settlement

date.

Templeton

Global

Income

Fund

Schedule

of

Investments

(unaudited)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

7

At

March

31,

2022,

the

Fund

had

the

following

interest

rate

swap

contracts

outstanding.

See

Note

3. 

See

A

bbreviations

on

page

12.

Interest

Rate

Swap

Contracts

Description

Payment

Frequency

Counter-

party

Maturity

Date

Notional

Amount

Value

Unamortized

Upfront

Payments

(Receipts)

Unrealized

Appreciation

(Depreciation)

aa

aa

aa

aa

Centrally

Cleared

Swap

Contracts

Receive

Floating

1-day

SOFR

............

Annual

Pay

Fixed

1.762%

...

Annual

3/15/27

8,400,000

$

183,380

$

—

$

183,380

Receive

Floating

1-day

SOFR

............

Annual

Pay

Fixed

1.811%

...

Annual

3/15/32

4,300,000

113,705

—

113,705

Receive

Floating

1-day

SOFR

............

Annual

Pay

Fixed

2.176%

...

Annual

3/28/32

1,840,000

(5,265)

—

(5,265)

Receive

Floating

1-day

SOFR

............

Annual

Pay

Fixed

2.257%

...

Annual

3/30/32

1,840,000

(24,000)

—

(24,000)

Receive

Floating

1-day

SOFR

............

Annual

Pay

Fixed

2.253%

...

Annual

3/31/32

1,850,000

(17,918)

—

(17,918)

Total

Interest

Rate

Swap

Contracts

...............................

$249,902

$

—

$249,902

Templeton

Global

Income

Fund

Notes

to

Schedule

of

Investments

(unaudited)

8

Quarterly

Schedule

of

Investments

1.

Organization

Templeton

Global

Income

Fund (Fund)

is

registered

under

the

Investment

Company

Act

of

1940

(1940

Act)

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.

Templeton

Global

Income

Fund

Notes

to

Schedule

of

Investments

(unaudited)

9

Quarterly

Schedule

of

Investments

Derivative

counterparty

credit

risk

is

managed

through

a

formal

evaluation

of

the

creditworthiness

of

all

potential

counterparties. The

Fund

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

terms

are

contract

specific

for

OTC

derivatives.

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,

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,

2022, the

Fund

received

$4,778,654

in

United

Kingdom

Inflation-Linked

Gilt,

U.S.

Treasury

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 at

a

specific

exchange

rate

on

a

future

date. 

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

did

not

hold

any

option

contracts

at

period

end.

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.

3.

Derivative

Financial

Instruments

(continued)

Templeton

Global

Income

Fund

Notes

to

Schedule

of

Investments

(unaudited)

10

Quarterly

Schedule

of

Investments

4.

Concentration

of

Risk 

Investments

in

issuers

domiciled

or

with

significant

operations

in

developing

or

emerging

market

countries

may

be

subject

to

higher

risks

than

investments

in

developed

countries.

These

risks

include

fluctuating

currency

values,

underdeveloped

legal

or

business

systems,

and

changing

local

and

regional

economic,

political

and

social

conditions,

which

may

result

in

greater

market

volatility.

In

addition,

certain

foreign

securities

may

not

be

as

liquid

as

U.S.

securities.

Currencies

of

developing

or

emerging

market

countries

may

be

subject

to

significantly

greater

risks

than

currencies

of

developed

countries,

including

the

potential

inability

to

repatriate

those

currencies

into

U.S.

dollars.

At

March

31,

2022,

the

Fund

had

0.2%

of

its

net

assets

denominated

in

Argentine

Pesos.

Argentina

has

restricted

currency

repatriation

since

September

2019,

and

had

restructured

certain

issues

of

its

debt.

Political

and

economic

conditions

in

Argentina

could

continue

to

affect

the

value

of

the

Fund's

holdings.

5.

Novel

Coronavirus

Pandemic 

The

global

outbreak

of

the

novel

coronavirus

disease,

known

as

COVID-19, has

caused

adverse

effects

on

many

companies,

sectors,

nations,

regions

and

the

markets

in

general, and

may

continue for

an unpredictable duration.

The

effects

of

this

pandemic

may

materially

impact

the

value

and

performance

of

the Fund, its ability

to

buy

and

sell

fund

investments

at

appropriate

valuations

and its ability

to

achieve its investment

objectives.

6.

Investments

in

Affiliated

Management

Investment

Companies 

The

Fund

invests

in

one

or

more

affiliated

management

investment

companies.

As

defined

in

the

1940

Act,

an

investment

is

deemed

to

be

a

“Controlled

Affiliate”

of

a

fund

when

a

fund

owns,

either

directly

or

indirectly,

25%

or

more

of

the

affiliated

fund’s

outstanding

shares

or

has

the

power

to

exercise

control

over

management

or

policies

of

such

fund.

The

Fund

does

not

invest for

purposes

of

exercising

a

controlling

influence

over

the

management

or

policies.

During

the

period

ended

March

31,

2022,

the

Fund

held

investments

in

affiliated

management

investment

companies

as

follows: 

7. 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.)

    aa

Value

at

Beginning

of

Period

Purchases

Sales

Realized

Gain

(Loss)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

Value

at

End

of

Period

Number

of

Shares

Held

at

End

of

Period

Investment

Income

a      

a  

a  

a  

a  

a  

a  

a  

Templeton

Global

Income

Fund

Non-Controlled

Affiliates

Dividends

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

0.01%

.

$

27,885,778

$

136,913,713

$

(100,285,043)

$

—

$

—

$

64,514,448

64,514,448

$

523

Total

Affiliated

Securities

...

$27,885,778

$136,913,713

$(100,285,043)

$—

$—

$64,514,448

$523

Templeton

Global

Income

Fund

Notes

to

Schedule

of

Investments

(unaudited)

11

Quarterly

Schedule

of

Investments

•

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,

2022,

in

valuing

the

Fund's

assets

and

liabilities

carried

at

fair

value,

is

as

follows:

Level

1

Level

2

Level

3

Total

Templeton

Global

Income

Fund

Assets:

Investments

in

Securities:

Foreign

Government

and

Agency

Securities

....

$

—

$

386,587,766

$

—

$

386,587,766

Short

Term

Investments

...................

120,193,292

83,413,900

—

203,607,192

Total

Investments

in

Securities

...........

$120,193,292

$470,001,666

$—

$590,194,958

Other

Financial

Instruments:

Forward

exchange

contracts

...............

$

—

$

12,439,699

$

—

$

12,439,699

Restricted

Currency

(ARS)

.................

—

7

—

7

Swap

contracts

.........................

—

297,085

—

297,085

Total

Other

Financial

Instruments

.........

$—

$12,736,791

$—

$12,736,791

Receivables:

Interest

(ARS)

...........................

$—

$189,758

$—

$189,758

Liabilities:

Other

Financial

Instruments:

Forward

exchange

contracts

................

$

—

$

7,009,684

$

—

$

7,009,684

Swap

contracts

..........................

—

47,183

—

47,183

Total

Other

Financial

Instruments

.........

$—

$7,056,867

$—

$7,056,867

Payables:

Deferred

Tax

(ARS)

.......................

$—

$587

$—

$587

7. Fair

Value

Measurements 

(continued)

Templeton

Global

Income

Fund

Notes

to

Schedule

of

Investments

(unaudited)

12

Quarterly

Schedule

of

Investments

8.

Subsequent

Events

The Fund

has

evaluated

subsequent

events

through

the

issuance

of

the

Schedule

of

Investments

and

determined

that

no

events

have

occurred

that

require

disclosure. 

Abbreviations

Counterparty

BAST

Banco

Santander

SA

BNDP

BNP

Paribas

SA

BOFA

Bank

of

America

Corp.

CITI

Citibank

NA

DBAB

Deutsche

Bank

AG

GSCO

Goldman

Sachs

Group,

Inc.

HSBK

HSBC

Bank

plc

JPHQ

JPMorgan

Chase

Bank

NA

MSCO

Morgan

Stanley

SCNY

Standard

Chartered

Bank

UBSW

UBS

AG

Selected

Portfolio

SOFR

Secured

Overnight

Financing

Rate

Currency

ARS

Argentine

Peso

BRL

Brazilian

Real

CAD

Canadian

Dollar

CNY

Chinese

Yuan

COP

Colombian

Peso

EUR

Euro

GHS

Ghanaian

Cedi

IDR

Indonesian

Rupiah

INR

Indian

Rupee

JPY

Japanese

Yen

KRW

South

Korean

Won

MXN

Mexican

Peso

NOK

Norwegian

Krone

SEK

Swedish

Krona

SGD

Singapore

Dollar

THB

Thai

Baht

USD

United

States

Dollar

For

additional

information

on

the

Fund's

significant

accounting

policies,

please

refer

to

the Fund's

most

recent

semiannual

or

annual

shareholder

report.