Country | Shares | Value | |||
Common Stocks 98.0% | |||||
Auto Components 0.4% | |||||
a | Fuyao Glass Industry Group Co. Ltd., A | China | 447,456 | $ 1,621,949 | |
Weifu High-Technology Co. Ltd., B | China | 566,721 | 1,210,697 | ||
b | Xinchen China Power Holdings Ltd. | China | 1,900,000 | 102,867 | |
2,935,513 | |||||
Automobiles 2.4% | |||||
Chongqing Changan Automobile Co. Ltd., B | China | 5,357,619 | 2,846,040 | ||
Dongfeng Motor Group Co. Ltd., H | China | 9,654,000 | 9,666,360 | ||
Jiangling Motors Corp. Ltd., B | China | 4,836,708 | 5,995,091 | ||
18,507,491 | |||||
Banks 9.5% | |||||
a | Bank of Ningbo Co. Ltd., A | China | 2,345,100 | 7,420,971 | |
China Construction Bank Corp., H | China | 29,282,272 | 25,104,579 | ||
a | China Merchants Bank Co. Ltd., A | China | 3,525,546 | 17,816,691 | |
a | Industrial and Commercial Bank of China Ltd., A | China | 8,958,218 | 7,433,984 | |
Industrial and Commercial Bank of China Ltd., H | China | 20,157,155 | 14,764,889 | ||
72,541,114 | |||||
Beverages 2.6% | |||||
a | Kweichow Moutai Co. Ltd., A | China | 80,819 | 10,282,793 | |
a | Wuliangye Yibin Co. Ltd., A | China | 692,600 | 9,802,817 | |
20,085,610 | |||||
Capital Markets 0.9% | |||||
China Everbright Ltd. | China | 1,524,000 | 3,020,840 | ||
a | GF Securities Co. Ltd., A | China | 1,520,135 | 3,662,157 | |
6,682,997 | |||||
Communications Equipment 0.2% | |||||
a | Hytera Communications Corp. Ltd., A | China | 616,900 | 1,007,326 | |
a | Shenzhen Sunway Communication Co. Ltd., A | China | 204,000 | 875,929 | |
1,883,255 | |||||
Electric Utilities 0.7% | |||||
CK Infrastructure Holdings Ltd. | Hong Kong | 642,600 | 5,275,902 | ||
Electrical Equipment 1.6% | |||||
a | Guoxuan High-Tech Co. Ltd., A | China | 205,900 | 539,594 | |
a | Luxshare Precision Industry Co. Ltd., A | China | 3,139,700 | 11,600,712 | |
12,140,306 | |||||
Electronic Equipment, Instruments & Components 3.0% | |||||
a | AVIC Jonhon Optronic Technology Co. Ltd., A | China | 1,237,377 | 7,492,048 | |
a | BOE Technology Group Co. Ltd., A | China | 4,227,300 | 2,456,250 | |
Flytech Technology Co. Ltd. | Taiwan | 405,000 | 1,025,100 | ||
a | Hangzhou Hikvision Digital Technology Co. Ltd., A | China | 1,422,300 | 7,431,420 | |
a | Leyard Optoelectronic Co. Ltd., A | China | 3,418,800 | 4,523,051 | |
22,927,869 | |||||
Entertainment 1.5% | |||||
a | Ciwen Media Co. Ltd., A | China | 137,620 | 221,232 | |
Poly Culture Group Corp. Ltd., H | China | 1,083,500 | 1,518,290 | ||
a | Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co. Ltd., A | China | 368,300 | 762,713 | |
a | Zhejiang Huace Film & TV Co. Ltd., A | China | 7,305,953 | 8,707,865 | |
11,210,100 |
Country | Shares | Value | |||
Common Stocks (continued) | |||||
Food & Staples Retailing 2.6% | |||||
Beijing Jingkelong Co. Ltd., H | China | 3,959,929 | $ 807,124 | ||
Dairy Farm International Holdings Ltd. | Hong Kong | 2,225,678 | 18,673,439 | ||
19,480,563 | |||||
Food Products 3.8% | |||||
a | Henan Shuanghui Investment & Development Co. Ltd., A | China | 659,446 | 2,539,713 | |
Uni-President China Holdings Ltd. | China | 24,224,700 | 23,761,959 | ||
Uni-President Enterprises Corp. | Taiwan | 1,181,831 | 2,864,952 | ||
29,166,624 | |||||
Health Care Equipment & Supplies 1.1% | |||||
Ginko International Co. Ltd. | Taiwan | 1,112,000 | 8,396,941 | ||
Health Care Providers & Services 1.7% | |||||
a | China National Accord Medicines Corp. Ltd., A | China | 671,601 | 5,152,038 | |
a | Huadong Medicine Co. Ltd., A | China | 918,902 | 4,467,156 | |
Sinopharm Group Co. Ltd., H | China | 882,000 | 3,674,087 | ||
13,293,281 | |||||
Hotels, Restaurants & Leisure 0.4% | |||||
a | Huangshan Tourism Development Co. Ltd., A | China | 1,511,646 | 2,675,539 | |
Household Durables 1.7% | |||||
a | Gree Electric Appliances Inc. of Zhuhai, A | China | 343,576 | 2,416,583 | |
a | Midea Group Co. Ltd., A | China | 1,353,016 | 9,823,000 | |
a | Qingdao Haier Co. Ltd., A | China | 399,400 | 1,018,129 | |
13,257,712 | |||||
Independent Power & Renewable Electricity Producers 0.2% | |||||
a | China Yangtze Power Co. Ltd., A | China | 747,164 | 1,877,914 | |
Industrial Conglomerates 1.6% | |||||
CK Hutchison Holdings Ltd. | Hong Kong | 366,000 | 3,844,190 | ||
Hopewell Holdings Ltd. | Hong Kong | 1,746,600 | 8,588,432 | ||
12,432,622 | |||||
Insurance 7.8% | |||||
AIA Group Ltd. | Hong Kong | 3,234,980 | 32,205,771 | ||
China Life Insurance Co. Ltd., H | China | 3,240,000 | 8,708,845 | ||
a | Ping An Insurance (Group) Co. of China Ltd., A | China | 1,597,150 | 18,346,148 | |
59,260,764 | |||||
Interactive Media & Services 10.0% | |||||
b | Baidu Inc., ADR | China | 45,100 | 7,434,735 | |
Tencent Holdings Ltd. | China | 1,494,700 | 68,737,597 | ||
76,172,332 | |||||
Internet & Direct Marketing Retail 8.9% | |||||
b | Alibaba Group Holding Ltd., ADR | China | 335,010 | 61,122,574 | |
b | Ctrip.com International Ltd., ADR | China | 145,300 | 6,348,157 | |
67,470,731 | |||||
IT Services 1.8% | |||||
TravelSky Technology Ltd., H | China | 5,222,059 | 13,803,620 | ||
Machinery 1.2% | |||||
a | Shenzhen Inovance Technology Co. Ltd., A | China | 1,113,700 | 4,352,225 | |
a | Zhengzhou Yutong Bus Co. Ltd., A | China | 2,262,802 | 4,527,593 | |
8,879,818 |
Country | Shares | Value | |||
Common Stocks (continued) | |||||
Marine 0.6% | |||||
COSCO Shipping Energy Transportation Co. Ltd., H | China | 7,648,000 | $ 4,384,232 | ||
Oil, Gas & Consumable Fuels 6.5% | |||||
China Petroleum & Chemical Corp., H | China | 38,185,000 | 30,110,402 | ||
CNOOC Ltd. | China | 4,418,800 | 8,274,748 | ||
PetroChina Co. Ltd., H | China | 17,219,500 | 11,165,326 | ||
49,550,476 | |||||
Paper & Forest Products 1.3% | |||||
Nine Dragons Paper Holdings Ltd. | China | 10,151,301 | 9,672,894 | ||
Pharmaceuticals 3.6% | |||||
a | Jiangsu Hengrui Medicine Co. Ltd., A | China | 2,043,743 | 19,919,647 | |
a | Kangmei Pharmaceutical Co. Ltd., A | China | 2,082,383 | 3,242,065 | |
Tong Ren Tang Technologies Co. Ltd., H | China | 1,636,300 | 2,197,033 | ||
a | Yifan Pharmaceutical Co. Ltd., A | China | 910,200 | 1,796,791 | |
27,155,536 | |||||
Real Estate Management & Development 1.4% | |||||
a | China Merchants Shekou Industrial Zone Holdings Co. Ltd., A | China | 834,000 | 2,862,815 | |
China Overseas Land & Investment Ltd. | China | 1,352,000 | 5,132,466 | ||
CK Asset Holdings Ltd. | Hong Kong | 284,000 | 2,525,265 | ||
10,520,546 | |||||
Semiconductors & Semiconductor Equipment 10.1% | |||||
Taiwan Semiconductor Manufacturing Co. Ltd. | Taiwan | 9,713,136 | 77,280,752 | ||
Software 0.6% | |||||
a | Beijing Thunisoft Corp. Ltd., A | China | 1,522,000 | 4,823,108 | |
Textiles, Apparel & Luxury Goods 5.1% | |||||
Anta Sports Products Ltd. | China | 5,680,200 | 38,640,078 | ||
Transportation Infrastructure 1.0% | |||||
COSCO Shipping Ports Ltd. | China | 7,066,174 | 7,633,317 | ||
Wireless Telecommunication Services 2.2% | |||||
China Mobile Ltd. | China | 1,632,500 | 16,637,049 | ||
Total Common Stocks (Cost $397,949,113) | 746,656,606 | ||||
Short Term Investments (Cost $8,722,326) 1.2% | |||||
Money Market Funds 1.2% | |||||
c,d | Institutional Fiduciary Trust Money Market Portfolio, 2.10% | United States | 8,722,326 | 8,722,326 | |
Total Investments (Cost $406,671,439) 99.2% | 755,378,932 | ||||
Other Assets, less Liabilities 0.8% | 6,200,919 | ||||
Net Assets 100.0% | $761,579,851 |
aThe security is owned by Templeton China Opportunities Fund, Ltd., a wholly-owned subsidiary of the Fund. See Note 5. |
bNon-income producing. |
cSee Note 4 regarding investments in affiliated management investment companies. |
dThe rate shown is the annualized seven-day effective yield at period end. |
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% | 539,399 | 11,168,465 | (2,985,538) | 8,722,326 | $8,722,326 | $24,073 | $ — | $ — |
• | 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) |
Level 1 | Level 2 | Level 3 | Total | |
Assets: | ||||
Investments in Securities:a | ||||
Equity Investments: | ||||
Machinery | $4,527,593 | $4,352,225 | $— | $8,879,818 |
All Other Equity Investments | 737,776,788 | — | — | 737,776,788 |
Short Term Investments | 8,722,326 | — | — | 8,722,326 |
Total Investments in Securities | $751,026,707 | $4,352,225 | $ — | $755,378,932 |
aFor detailed categories, see the accompanying Consolidated Statement of Investments. |
Selected Portfolio | |
ADR | American Depositary Receipt |