0001752724-20-251590.txt : 20201130 0001752724-20-251590.hdr.sgml : 20201130 20201127174935 ACCESSION NUMBER: 0001752724-20-251590 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200930 FILED AS OF DATE: 20201130 PERIOD START: 20201231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEMPLETON DRAGON FUND INC CENTRAL INDEX KEY: 0000919893 IRS NUMBER: 650473580 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-08394 FILM NUMBER: 201355997 BUSINESS ADDRESS: STREET 1: 300 S.E. 2ND STREET CITY: FORT LAUDERDALE STATE: FL ZIP: 33301-1923 BUSINESS PHONE: 9545277500 MAIL ADDRESS: STREET 1: 300 S.E. 2ND STREET CITY: FORT LAUDERDALE STATE: FL ZIP: 33301-1923 NPORT-P 1 primary_doc.xml NPORT-P false 0000919893 XXXXXXXX Templeton Dragon Fund, Inc. 811-08394 0000919893 549300L5KGV2K28LYW59 300 S.E. 2nd Street Fort Lauderdale 33301-1923 954-527-7500 Templeton Dragon Fund, Inc. 549300L5KGV2K28LYW59 2020-12-31 2020-09-30 N 864001472.22 13537858.33 850463613.89 0.00000000 274256084.17000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3322068.88000000 UST Shenzhen Inovance Technology Co. Ltd. N/A Shenzhen Inovance Technology Co. Ltd., Class A N/A 822000.00000000 NS 7047938.25000000 0.828717200229 Long EC CORP CN N 2 N N N I-Mab 549300L1A5T19703RR64 I-Mab 44975P103 18922.00000000 NS USD 889901.66000000 0.104637240849 Long EC CORP KY N 1 N N N Vipshop Holdings Ltd. 549300I9F52K06HPZX60 Vipshop Holdings Ltd. 92763W103 654013.00000000 NS USD 10228763.32000000 1.202727918389 Long EC CORP KY N 1 N N N Zhejiang Jiemei Electronic & Technology Co. Ltd. N/A Zhejiang Jiemei Electronic & Technology Co. Ltd., Class A N/A 1757600.00000000 NS 7166122.24000000 0.842613619555 Long EC CORP CN N 2 N N N Autobio Diagnostics Co. Ltd. 300300HTZSCUCA32U369 Autobio Diagnostics Co. Ltd., Class A N/A 161000.00000000 NS 3835364.56000000 0.450973386440 Long EC CORP CN N 2 N N N Inner Mongolia Yili Industrial Group Co. Ltd. 3003002Q2A863JPQFH06 Inner Mongolia Yili Industrial Group Co. Ltd., Class A N/A 1276300.00000000 NS 7266935.47000000 0.854467534097 Long EC CORP CN N 2 N N N CNOOC Ltd. 549300XIVJCBIGMRUD48 CNOOC Ltd. N/A 6414800.00000000 NS 6170295.97000000 0.725521453149 Long EC CORP HK N 2 N N N Hualan Biological Engineering, Inc. N/A Hualan Biological Engineering, Inc., Class A N/A 538188.00000000 NS 4530140.43000000 0.532667166003 Long EC CORP CN N 2 N N N Beijing Oriental Yuhong Waterproof Technology Co. Ltd. 300300XMIXB7STDZWT60 Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A N/A 1876200.00000000 NS 14980557.41000000 1.761457770248 Long EC CORP CN N 2 N N N A-Living Services Co. Ltd. 3003007MSHCO6ZTTSZ09 A-Living Services Co. Ltd., Class H N/A 3189799.00000000 NS 16319757.48000000 1.918924832698 Long EC CORP CN N 2 N N N Baidu, Inc. 254900AL64IANZYI1E02 Baidu, Inc. 056752108 66358.00000000 NS USD 8400259.22000000 0.987727056490 Long EC CORP KY N 1 N N N New Oriental Education & Technology Group, Inc. 529900NHZVBZQZ8EKN29 New Oriental Education & Technology Group, Inc. 647581107 180291.00000000 NS USD 26953504.50000000 3.169271919431 Long EC CORP KY N 1 N N N Sun Art Retail Group Ltd. 3003009IMRZ363PQCP28 Sun Art Retail Group Ltd. N/A 6741304.00000000 NS 7484616.71000000 0.880063131186 Long EC CORP HK N 2 N N N Suofeiya Home Collection Co. Ltd. N/A Suofeiya Home Collection Co. Ltd., Class A N/A 1730400.00000000 NS 6745960.12000000 0.793209728179 Long EC CORP CN N 2 N N N Meinian Onehealth Healthcare Holdings Co. Ltd. N/A Meinian Onehealth Healthcare Holdings Co. Ltd., Class A N/A 1294039.00000000 NS 2711490.20000000 0.318824950969 Long EC CORP CN N 2 N N N Shenzhen Mindray Bio-Medical Electronics Co. Ltd. N/A Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A N/A 57800.00000000 NS 2969376.60000000 0.349147988403 Long EC CORP CN N 2 N N N Songcheng Performance Development Co. Ltd. N/A Songcheng Performance Development Co. Ltd., Class A N/A 1942700.00000000 NS 5244014.09000000 0.616606519591 Long EC CORP CN N 2 N N N Shenzhen Kinwong Electronic Co. Ltd. N/A Shenzhen Kinwong Electronic Co. Ltd. N/A 1756000.00000000 PA 308362.78000000 0.036258197877 Long DBT CORP CN N 2 2026-08-23 Floating 0.00000000 N N N N N PRIO FOR KINWONG E CB PRIO FOR KINWONG E CB CNY XXXX N N N China Life Insurance Co. Ltd. 549300J6TFLDXGH6S048 China Life Insurance Co. Ltd., Class H N/A 3919966.00000000 NS 8886527.01000000 1.044903845956 Long EC CORP CN N 2 N N N Shenzhen Kinwong Electronic Co. Ltd. N/A Shenzhen Kinwong Electronic Co. Ltd., Class A N/A 840364.00000000 NS 4150815.79000000 0.488065065007 Long EC CORP CN N 2 N N N China Mobile Ltd. 529900U2JJ7GK68NI589 China Mobile Ltd. N/A 437000.00000000 NS 2805246.00000000 0.329849032243 Long EC CORP HK N 2 N N N Anhui Conch Cement Co. Ltd. 300300JVKW56SSAEQZ33 Anhui Conch Cement Co. Ltd., Class H N/A 1615000.00000000 NS 11186029.93000000 1.315286127155 Long EC CORP CN N 2 N N N LONGi Green Energy Technology Co. Ltd. 300300NRGAITUP1EZ248 LONGi Green Energy Technology Co. Ltd., Class A N/A 170300.00000000 NS 1889641.31000000 0.222189553925 Long EC CORP CN N 2 N N N Midea Group Co. Ltd. 3003003TRPHLHZD2IF61 Midea Group Co. Ltd., Class A N/A 1169916.00000000 NS 12575520.25000000 1.478666464339 Long EC CORP CN N 2 N N N NetEase, Inc. 5299004AF4DSJDB0PA32 NetEase, Inc. N/A 853061.00000000 NS 15316353.51000000 1.800941658155 Long EC CORP KY N 2 N N N Ping An Insurance Group Co. of China Ltd. 529900M9MC28JLN35U89 Ping An Insurance Group Co. of China Ltd., Class A N/A 689150.00000000 NS 7771792.82000000 0.913830138417 Long EC CORP CN N 2 N N N Institutional Fiduciary Trust - Money Market Portfolio N/A Institutional Fiduciary Trust - Money Market Portfolio 457756500 5551857.61100000 NS USD 5551857.61000000 0.652803661359 Long STIV RF US N 1 N N N ANTA Sports Products Ltd. 529900291XG0CTK4LF95 ANTA Sports Products Ltd. N/A 2126156.00000000 NS 22189604.60000000 2.609118631014 Long EC CORP KY N 2 N N N AIA Group Ltd. ZP5ILWVSYE4LJGMMVD57 AIA Group Ltd. N/A 477641.00000000 NS 4747828.76000000 0.558263596755 Long EC CORP HK N 2 N N N Ping An Insurance Group Co. of China Ltd. 529900M9MC28JLN35U89 Ping An Insurance Group Co. of China Ltd., Class H N/A 332000.00000000 NS 3446463.81000000 0.405245298412 Long EC CORP CN N 2 N N N Laobaixing Pharmacy Chain JSC N/A Laobaixing Pharmacy Chain JSC, Class A N/A 783860.00000000 NS 9595389.58000000 1.128253980921 Long EC CORP CN N 2 N N N Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd. 3003004VPK0KK2I9LF35 Jonjee Hi-Tech Industrial And Commercial Holding Co. Ltd., Class A N/A 971300.00000000 NS 9421988.89000000 1.107865020456 Long EC CORP CN N 2 N N N Poly Developments and Holdings Group Co. Ltd. 300300W9OF1ZRGUDVU96 Poly Developments and Holdings Group Co. Ltd., Class A N/A 3060600.00000000 NS 7205245.43000000 0.847213838701 Long EC CORP CN N 2 N N N Oppein Home Group, Inc. N/A Oppein Home Group, Inc., Class A N/A 175600.00000000 NS 2797624.90000000 0.328952921007 Long EC CORP CN N 2 N N N Alibaba Group Holding Ltd. 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd. N/A 2486496.00000000 NS 91282641.45000000 10.73328005562 Long EC CORP KY N 2 N N N Jinyu Bio-Technology Co. Ltd. N/A Jinyu Bio-Technology Co. Ltd., Class A N/A 988700.00000000 NS 3946610.34000000 0.464053990734 Long EC CORP CN N 2 N N N Sunwoda Electronic Co. Ltd. N/A Sunwoda Electronic Co. Ltd. N/A 1230800.00000000 PA 263349.30000000 0.030965381199 Long DBT CORP CN N 2 2026-07-14 Variable 0.40000100 N N N N N Sunwoda Electronic Co. Ltd. Sunwoda Electronic Co. Ltd. CNY XXXX N N N JD.com, Inc. 549300HVTWB0GJZ16V92 JD.com, Inc., Class A N/A 857462.00000000 NS 33016973.83000000 3.882232383697 Long EC CORP KY N 2 N N N Baozun, Inc. 549300IF0HZ7T4762633 Baozun, Inc. 06684L103 377058.00000000 NS USD 12250614.42000000 1.440463086241 Long EC CORP KY N 1 N N Weichai Power Co. Ltd. 529900OKTPKBG85F9502 Weichai Power Co. Ltd., Class H N/A 5124940.00000000 NS 10370144.82000000 1.219351968812 Long EC CORP CN N 2 N N N Yum China Holdings, Inc. 529900DO9BYZ7VA3K502 Yum China Holdings, Inc. 98850P109 155335.00000000 NS USD 8224988.25000000 0.967118183031 Long EC CORP US N 1 N N N Jiangsu Hengrui Medicine Co. Ltd. N/A Jiangsu Hengrui Medicine Co. Ltd., Class A N/A 750960.00000000 NS 9970769.00000000 1.172392191406 Long EC CORP CN N 2 N N N China Resources Beer Holdings Co. Ltd. N/A China Resources Beer Holdings Co. Ltd. N/A 1082000.00000000 NS 6645564.14000000 0.781404875113 Long EC CORP HK N 2 N N N Nine Dragons Paper Holdings Ltd. 529900TBMYEYJ2LEV906 Nine Dragons Paper Holdings Ltd. N/A 3273735.00000000 NS 4133241.66000000 0.485998647384 Long EC CORP BM N 2 N N N Hangzhou Hikvision Digital Technology Co. Ltd. 3003000T24CMHQ382Y71 Hangzhou Hikvision Digital Technology Co. Ltd., Class A N/A 556800.00000000 NS 3143191.10000000 0.369585605858 Long EC CORP CN N 2 N N N Hundsun Technologies, Inc. 3003003LS77D1DRDDE25 Hundsun Technologies, Inc., Class A N/A 425627.00000000 NS 6212644.12000000 0.730500872528 Long EC CORP CN N 2 N N N Tencent Holdings Ltd. 254900N4SLUMW4XUYY11 Tencent Holdings Ltd. N/A 1269900.00000000 NS 85773904.39000000 10.08554663469 Long EC CORP KY N 2 N N N Minth Group Ltd. 254900B2AH0G13K9G204 Minth Group Ltd. N/A 1422000.00000000 NS 6209547.03000000 0.730136707624 Long EC CORP KY N 2 N N N Baozun, Inc. 549300IF0HZ7T4762633 Baozun, Inc., Class A N/A 475500.00000000 NS 4969741.94000000 0.584356797731 Long EC CORP KY N 1 N N N SF Holding Co. Ltd. N/A SF Holding Co. Ltd., Class A N/A 884700.00000000 NS 10644987.82000000 1.251668812885 Long EC CORP CN N 2 N N N Beijing Originwater Technology Co. Ltd. 300300JGUWLVI6KFDX02 Beijing Originwater Technology Co. Ltd., Class A N/A 3140900.00000000 NS 4039247.45000000 0.474946533164 Long EC CORP CN N 2 N N N China Merchants Shekou Industrial Zone Holdings Co. Ltd. 300300T3ACALX7NIPW13 China Merchants Shekou Industrial Zone Holdings Co. Ltd., Class A N/A 600658.00000000 NS 1347359.80000000 0.158426507377 Long EC CORP CN N 2 N N N BeiGene Ltd. 549300JFUK6FRD5MH739 BeiGene Ltd. N/A 502100.00000000 NS 11073976.43000000 1.302110548780 Long EC CORP KY N 2 N N N Wuxi Biologics Cayman, Inc. 5493001TD2TH6VDTJU11 Wuxi Biologics Cayman, Inc. N/A 918681.00000000 NS 22515242.34000000 2.647408069231 Long EC CORP KY N 2 N N N East Money Information Co. Ltd. N/A East Money Information Co. Ltd., Class A N/A 1268800.00000000 NS 4515967.45000000 0.531000665548 Long EC CORP CN N 2 N N N WUS Printed Circuit Kunshan Co. Ltd. N/A WUS Printed Circuit Kunshan Co. Ltd., Class A N/A 1348970.00000000 NS 3759057.03000000 0.442000923802 Long EC CORP CN N 2 N N N Meituan Dianping 21380033K525E5JLIA77 Meituan Dianping, Class B N/A 964541.00000000 NS 30384495.53000000 3.572697883101 Long EC CORP KY N 2 N N N Shenzhen Capchem Technology Co. Ltd. N/A Shenzhen Capchem Technology Co. Ltd., Class A N/A 1218410.00000000 NS 10309912.95000000 1.212269729311 Long EC CORP CN N 2 N N N Luzhou Laojiao Co. Ltd. N/A Luzhou Laojiao Co. Ltd., Class A N/A 202956.00000000 NS 4310078.20000000 0.506791605144 Long EC CORP CN N 2 N N N China Merchants Bank Co. Ltd. 549300MKO5B60FFIHF58 China Merchants Bank Co. Ltd., Class H N/A 3270500.00000000 NS 15519982.20000000 1.824884915300 Long EC CORP CN N 2 N N N Luxshare Precision Industry Co. Ltd. 300300QLLDUELXN16530 Luxshare Precision Industry Co. Ltd., Class A N/A 1360238.00000000 NS 11519743.61000000 1.354525158026 Long EC CORP CN N 2 N N N Shenzhen YUTO Packaging Technology Co. Ltd. 300300FSMGQ1XKYWTT66 Shenzhen YUTO Packaging Technology Co. Ltd., Class A N/A 1457700.00000000 NS 6846305.46000000 0.805008626845 Long EC CORP CN N 2 N N N Innovent Biologics, Inc. 25490058ONL9SCIE1R22 Innovent Biologics, Inc. N/A 2133900.00000000 NS 15913012.15000000 1.871098526745 Long EC CORP KY N 2 N N N KWG Group Holdings Ltd. 549300LK82ZOM9ZE7H90 KWG Group Holdings Ltd. N/A 2557000.00000000 NS 4403832.68000000 0.517815531208 Long EC CORP KY N 2 N N N China Tourism Group Duty Free Corp. Ltd. N/A China Tourism Group Duty Free Corp. Ltd., Class A N/A 511500.00000000 NS 16852458.40000000 1.981561365443 Long EC CORP CN N 2 N N N InnoCare Pharma Ltd. 3003001NYJPPWIEOJT79 InnoCare Pharma Ltd. N/A 2028400.00000000 NS 2657048.27000000 0.312423509554 Long EC CORP KY N 2 N N GDS Holdings Ltd. 391200MGV8DDCHTN2R77 GDS Holdings Ltd. 36165L108 232091.00000000 NS USD 18992006.53000000 2.233135694439 Long EC CORP KY N 1 N N N China Construction Bank Corp. 5493001KQW6DM7KEDR62 China Construction Bank Corp., Class A N/A 3875500.00000000 NS 3516870.72000000 0.413523948886 Long EC CORP CN N 2 N N N Kweichow Moutai Co. Ltd. N/A Kweichow Moutai Co. Ltd., Class A N/A 46445.00000000 NS 11456277.31000000 1.347062604783 Long EC CORP CN N 2 N N N Will Semiconductor Ltd. N/A Will Semiconductor Ltd., Class A N/A 145051.00000000 NS 3815008.74000000 0.448579889567 Long EC CORP CN N 2 N N N GSX Techedu, Inc. 549300R5BPFFORR9ET36 GSX Techedu, Inc. 36257Y109 122745.00000000 NS USD 11060551.95000000 1.300532059144 Long EC CORP KY N 1 N N Shimao Group Holdings Ltd. 254900WTJ6B5CU69ZD26 Shimao Group Holdings Ltd. N/A 2140400.00000000 NS 8929691.91000000 1.049979301190 Long EC CORP KY N 2 N N N China Resources Land Ltd. 5299001HL0TU7X15HK51 China Resources Land Ltd. N/A 2682000.00000000 NS 12232210.60000000 1.438299111240 Long EC CORP KY N 2 N N N Hongfa Technology Co. Ltd. N/A Hongfa Technology Co. Ltd., Class A N/A 1238435.00000000 NS 8382212.75000000 0.985605099747 Long EC CORP CN N 2 N N N China Merchants Bank Co. Ltd. 549300MKO5B60FFIHF58 China Merchants Bank Co. Ltd., Class A N/A 1935246.00000000 NS 10301832.15000000 1.211319565205 Long EC CORP CN N 2 N N N Sunwoda Electronic Co. Ltd. N/A Sunwoda Electronic Co. Ltd., Class A N/A 1724500.00000000 NS 6923965.52000000 0.814140123917 Long EC CORP CN N 2 N N N CSPC Pharmaceutical Group Ltd. 529900M3XQCW234H8O91 CSPC Pharmaceutical Group Ltd. N/A 3447600.00000000 NS 6729923.83000000 0.791324134282 Long EC CORP HK N 2 N N N Jiangsu Yangnong Chemical Co. Ltd. N/A Jiangsu Yangnong Chemical Co. Ltd., Class A N/A 277900.00000000 NS 3598702.69000000 0.423145991342 Long EC CORP CN N 2 N N N Shanghai Kinetic Medical Co. Ltd. N/A Shanghai Kinetic Medical Co. Ltd., Class A N/A 1156000.00000000 NS 3628361.21000000 0.426633326898 Long EC CORP CN N 2 N N N TCL Technology Group Corp. 300300K9RLEXIIDB1U19 TCL Technology Group Corp., Class A N/A 3857300.00000000 NS 3518972.85000000 0.413771123482 Long EC CORP CN N 2 N N N Institutional Fiduciary Trust Money Market Portfolio N/A Institutional Fiduciary Trust Money Market Portfolio N/A 12421278.00000000 NS USD 12421278.00000000 1.460530209303 Long STIV RF US N 1 N N 2020-10-30 Templeton Dragon Fund, Inc. Robert Kubilis Robert Kubilis Chief Financial Officer, Chief Accounting Officer and Treasurer XXXX NPORT-EX 2 TDF.htm
Templeton
Dragon
Fund,
Inc.
Consolidated
Statement
of
Investments
(unaudited),
September
30,
2020
See
Notes
to
Statement
of
Investments.
Quarterly
Statement
of
Investments
1
a
Country
Shares
a
Value
a
Common
Stocks
98.6%
Air
Freight
&
Logistics
1.3%
a
SF
Holding
Co.
Ltd.,
A
..................................
China
884,700
$
10,644,988
Auto
Components
0.7%
Minth
Group
Ltd.
......................................
China
1,422,000
6,209,547
Banks
3.5%
a
China
Construction
Bank
Corp.,
A
.........................
China
3,875,500
3,516,871
a
China
Merchants
Bank
Co.
Ltd.,
A
.........................
China
1,935,246
10,301,832
China
Merchants
Bank
Co.
Ltd.,
H
.........................
China
3,270,500
15,519,982
29,338,685
Beverages
2.6%
China
Resources
Beer
Holdings
Co.
Ltd.
....................
China
1,082,000
6,645,564
a
Kweichow
Moutai
Co.
Ltd.,
A
.............................
China
46,445
11,456,278
a
Luzhou
Laojiao
Co.
Ltd.,
A
...............................
China
202,956
4,310,078
22,411,920
Biotechnology
4.6%
b
BeiGene
Ltd.
.........................................
China
502,100
11,073,976
a
Hualan
Biological
Engineering,
Inc.,
A
......................
China
538,188
4,530,141
b
I-Mab,
ADR
..........................................
China
18,922
889,902
b,c,d
InnoCare
Pharma
Ltd.,
144A,
Reg
S
.......................
China
2,028,400
2,657,048
b,d
Innovent
Biologics,
Inc.,
144A,
Reg
S
......................
China
2,133,900
15,913,012
a
Jinyu
Bio-Technology
Co.
Ltd.,
A
..........................
China
988,700
3,946,610
39,010,689
Capital
Markets
0.5%
a
East
Money
Information
Co.
Ltd.,
A
........................
China
1,268,800
4,515,968
Chemicals
1.6%
a
Jiangsu
Yangnong
Chemical
Co.
Ltd.,
A
....................
China
277,900
3,598,703
a
Shenzhen
Capchem
Technology
Co.
Ltd.,
A
..................
China
1,218,410
10,309,913
13,908,616
Commercial
Services
&
Supplies
2.4%
d
A-Living
Services
Co.
Ltd.,
H,
144A,
Reg
S
..................
China
3,189,799
16,319,758
a
Beijing
Originwater
Technology
Co.
Ltd.,
A
...................
China
3,140,900
4,039,247
20,359,005
Construction
Materials
3.1%
Anhui
Conch
Cement
Co.
Ltd.,
H
..........................
China
1,615,000
11,186,030
a
Beijing
Oriental
Yuhong
Waterproof
Technology
Co.
Ltd.,
A
......
China
1,876,200
14,980,557
26,166,587
Containers
&
Packaging
1.6%
a
Shenzhen
YUTO
Packaging
Technology
Co.
Ltd.,
A
............
China
1,457,700
6,846,306
a
Zhejiang
Jiemei
Electronic
&
Technology
Co.
Ltd.,
A
...........
China
1,757,600
7,166,122
14,012,428
Diversified
Consumer
Services
4.5%
b,c
GSX
Techedu,
Inc.,
ADR
................................
China
122,745
11,060,552
b
New
Oriental
Education
&
Technology
Group,
Inc.,
ADR
........
China
180,291
26,953,504
38,014,056
Electrical
Equipment
1.8%
a
Hongfa
Technology
Co.
Ltd.,
A
............................
China
1,238,435
8,382,213
Templeton
Dragon
Fund,
Inc.
Consolidated
Statement
of
Investments
(unaudited)
Quarterly
Statement
of
Investments
See
Notes
to
Statement
of
Investments.
2
a
Country
Shares
a
Value
a
Common
Stocks
(continued)
Electrical
Equipment
(continued)
a
Sunwoda
Electronic
Co.
Ltd.,
A
...........................
China
1,724,500
$
6,923,965
15,306,178
Electronic
Equipment,
Instruments
&
Components
2.7%
a
Hangzhou
Hikvision
Digital
Technology
Co.
Ltd.,
A
.............
China
556,800
3,143,191
a
Luxshare
Precision
Industry
Co.
Ltd.,
A
.....................
China
1,360,238
11,519,744
a
Shenzhen
Kinwong
Electronic
Co.
Ltd.,
A
...................
China
840,364
4,150,816
a
WUS
Printed
Circuit
Kunshan
Co.
Ltd.,
A
....................
China
1,348,970
3,759,057
22,572,808
Entertainment
1.8%
NetEase,
Inc.
........................................
China
853,061
15,316,354
Food
&
Staples
Retailing
2.0%
a
Laobaixing
Pharmacy
Chain
JSC,
A
.......................
China
783,860
9,595,389
Sun
Art
Retail
Group
Ltd.
...............................
China
6,741,304
7,484,617
17,080,006
Food
Products
2.0%
a
Inner
Mongolia
Yili
Industrial
Group
Co.
Ltd.,
A
...............
China
1,276,300
7,266,935
a
Jonjee
Hi-Tech
Industrial
And
Commercial
Holding
Co.
Ltd.,
A
....
China
971,300
9,421,989
16,688,924
Health
Care
Equipment
&
Supplies
1.2%
a
Autobio
Diagnostics
Co.
Ltd.,
A
...........................
China
161,000
3,835,364
a
Shanghai
Kinetic
Medical
Co.
Ltd.,
A
.......................
China
1,156,000
3,628,361
a
Shenzhen
Mindray
Bio-Medical
Electronics
Co.
Ltd.,
A
..........
China
57,800
2,969,377
10,433,102
Health
Care
Providers
&
Services
0.3%
a,b
Meinian
Onehealth
Healthcare
Holdings
Co.
Ltd.,
A
............
China
1,294,039
2,711,490
b
Hotels,
Restaurants
&
Leisure
1.6%
a
Songcheng
Performance
Development
Co.
Ltd.,
A
.............
China
1,942,700
5,244,014
Yum
China
Holdings,
Inc.
...............................
China
155,335
8,224,988
13,469,002
Household
Durables
3.0%
a
Midea
Group
Co.
Ltd.,
A
................................
China
1,169,916
12,575,520
a
Oppein
Home
Group,
Inc.,
A
.............................
China
175,600
2,797,625
a
Suofeiya
Home
Collection
Co.
Ltd.,
A
......................
China
1,730,400
6,745,960
a
TCL
Technology
Group
Corp.,
A
..........................
China
3,857,300
3,518,973
25,638,078
Insurance
2.9%
AIA
Group
Ltd.
.......................................
Hong
Kong
477,641
4,747,829
China
Life
Insurance
Co.
Ltd.,
H
..........................
China
3,919,966
8,886,527
a
Ping
An
Insurance
Group
Co.
of
China
Ltd.,
A
................
China
689,150
7,771,793
Ping
An
Insurance
Group
Co.
of
China
Ltd.,
H
................
China
332,000
3,446,463
24,852,612
Interactive
Media
&
Services
11.1%
b
Baidu,
Inc.,
ADR
......................................
China
66,358
8,400,259
Tencent
Holdings
Ltd.
..................................
China
1,269,900
85,773,905
94,174,164
Templeton
Dragon
Fund,
Inc.
Consolidated
Statement
of
Investments
(unaudited)
See
Notes
to
Statement
of
Investments.
Quarterly
Statement
of
Investments
3
a
Country
Shares
a
Value
a
Common
Stocks
(continued)
Internet
&
Direct
Marketing
Retail
21.4%
b
Alibaba
Group
Holding
Ltd.
..............................
China
2,486,496
$
91,282,642
b,c
Baozun,
Inc.,
ADR
.....................................
China
377,058
12,250,614
b
Baozun,
Inc.,
A
.......................................
China
475,500
4,969,742
b
JD.com,
Inc.,
A
.......................................
China
857,462
33,016,974
b,d
Meituan
Dianping,
B,
Reg
S
.............................
China
964,541
30,384,496
b
Vipshop
Holdings
Ltd.,
ADR
.............................
China
654,013
10,228,763
182,133,231
IT
Services
2.2%
b
GDS
Holdings
Ltd.,
ADR
................................
China
232,091
18,992,007
b
Life
Sciences
Tools
&
Services
2.6%
b,d
Wuxi
Biologics
Cayman,
Inc.,
144A,
Reg
S
..................
China
918,681
22,515,242
b
Machinery
2.1%
a
Shenzhen
Inovance
Technology
Co.
Ltd.,
A
..................
China
822,000
7,047,938
Weichai
Power
Co.
Ltd.,
H
..............................
China
5,124,940
10,370,145
17,418,083
Oil,
Gas
&
Consumable
Fuels
0.7%
CNOOC
Ltd.
.........................................
China
6,414,800
6,170,296
Paper
&
Forest
Products
0.5%
Nine
Dragons
Paper
Holdings
Ltd.
.........................
Hong
Kong
3,273,735
4,133,242
Pharmaceuticals
2.0%
CSPC
Pharmaceutical
Group
Ltd.
.........................
China
3,447,600
6,729,924
a
Jiangsu
Hengrui
Medicine
Co.
Ltd.,
A
......................
China
750,960
9,970,769
16,700,693
Real
Estate
Management
&
Development
4.0%
a
China
Merchants
Shekou
Industrial
Zone
Holdings
Co.
Ltd.,
A
....
China
600,658
1,347,360
China
Resources
Land
Ltd.
..............................
China
2,682,000
12,232,210
KWG
Group
Holdings
Ltd.
...............................
China
2,557,000
4,403,833
a
Poly
Developments
and
Holdings
Group
Co.
Ltd.,
A
............
China
3,060,600
7,205,245
Shimao
Group
Holdings
Ltd.
.............................
China
2,140,400
8,929,692
34,118,340
Semiconductors
&
Semiconductor
Equipment
0.7%
a
LONGi
Green
Energy
Technology
Co.
Ltd.,
A
.................
China
170,300
1,889,641
a
Will
Semiconductor
Ltd.,
A
...............................
China
145,051
3,815,009
5,704,650
Software
0.7%
a
Hundsun
Technologies,
Inc.,
A
............................
China
425,627
6,212,644
Specialty
Retail
2.0%
a
China
Tourism
Group
Duty
Free
Corp.
Ltd.,
A
................
China
511,500
16,852,458
Textiles,
Apparel
&
Luxury
Goods
2.6%
ANTA
Sports
Products
Ltd.
..............................
China
2,126,156
22,189,605
Wireless
Telecommunication
Services
0.3%
China
Mobile
Ltd.
.....................................
China
437,000
2,805,246
Total
Common
Stocks
(Cost
$500,421,212)
.....................................
838,780,944
Templeton
Dragon
Fund,
Inc.
Consolidated
Statement
of
Investments
(unaudited)
Quarterly
Statement
of
Investments
See
Notes
to
Statement
of
Investments.
4
See
A
bbreviations
on
page
8.
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
a
Convertible
Bonds
0.1%
Electrical
Equipment
0.0%
†
a
Sunwoda
Electronic
Co.
Ltd.
,
0.4
%
,
7/14/26
.................
China
1,230,800
CNY
$
263,349
Electronic
Equipment,
Instruments
&
Components
0.1%
a
Shenzhen
Kinwong
Electronic
Co.
Ltd.
,
Zero
Cpn.,
8/23/26
......
China
1,756,000
CNY
308,363
Total
Convertible
Bonds
(Cost
$430,563)
.......................................
571,712
Total
Long
Term
Investments
(Cost
$500,851,775)
...............................
839,352,656
a
Short
Term
Investments
2.1%
a
a
Country
Shares
a
Value
a
Money
Market
Funds
0.6%
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0%
........
United
States
5,551,858
5,551,858
Total
Money
Market
Funds
(Cost
$5,551,858)
...................................
5,551,858
a
a
a
a
a
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
1.5%
Money
Market
Funds
1.5%
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0%
........
United
States
12,421,278
12,421,278
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$12,421,278)
...........................................................
12,421,278
Total
Short
Term
Investments
(Cost
$17,973,136
)
................................
17,973,136
a
Total
Investments
(Cost
$518,824,911)
100.8%
..................................
$857,325,792
Other
Assets,
less
Liabilities
(0.8)%
...........................................
(6,879,312)
Net
Assets
100.0%
...........................................................
$850,446,480
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
The
security
is
owned
by
Templeton
China
Opportunities
Fund,
Ltd.,
a
wholly-owned
subsidiary
of
the
Fund.
See
Note
6.
b
Non-income
producing.
c
A
portion
or
all
of
the
security
is
on
loan
at
September
30,
2020.
d
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
September
30,
2020,
the
aggregate
value
of
these
securities
was
$87,789,556,
representing
10.3%
of
net
assets.
e
See
Note
5
regarding
investments
in
affiliated
management
investment
companies.
f
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Templeton
Dragon
Fund,
Inc.
5
Notes
to
Consolidated
Statement
of
Investments
(unaudited)
1.
Organization
Templeton
Dragon
Fund,
Inc.
(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
Directors
(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. 
Equity
securities
listed
on
an
exchange
or
on
the
NASDAQ
National
Market
System
are
valued
at
the
last
quoted
sale
price
or
the
official
closing
price
of
the
day,
respectively.
Foreign
equity
securities
are
valued
as
of
the
close
of
trading
on
the
foreign
stock
exchange
on
which
the
security
is
primarily
traded
or
as
of
4
p.m.
Eastern
time.
The
value
is
then
converted
into
its
U.S.
dollar
equivalent
at
the
foreign
exchange
rate
in
effect
at
4
p.m. Eastern
time
on
the
day
that
the
value
of
the
security
is
determined.
Over-the-counter
(OTC)
securities
are
valued
within
the
range
of
the
most
recent
quoted
bid
and
ask
prices.
Securities
that
trade
in
multiple
markets
or
on
multiple
exchanges
are
valued
according
to
the
broadest
and
most
representative
market.
Certain
equity
securities
are
valued
based
upon
fundamental
characteristics
or
relationships
to
similar
securities.
Debt
securities
generally
trade
in
the
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. 
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. 
Trading
in
securities
on
foreign
securities
stock
exchanges
and
OTC
markets
may
be
completed
before
4
p.m.
Eastern
time.
In
addition,
trading
in
certain
foreign
markets
may
not
take
place
on
every
Fund’s
business
day.
Events
can
occur
between
the
time
at
which
trading
in
a
foreign
security
is
completed
and
4
p.m.
Eastern
time
that
might
call
into
question
the
reliability
of
the
value
of
a
portfolio
security
held
by
the Fund.
As
a
result,
differences
may
arise
between
the
value
of
the Fund’s
portfolio
securities
as
determined
at
the
foreign
market
close
and
the
latest
indications
of
value
at
4
p.m.
Eastern
time.
In
order
to
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Statement
of
Investments
(unaudited)
6
minimize
the
potential
for
these
differences, an
independent
pricing
service
may
be
used
to
adjust
the
value
of
the Fund's
portfolio
securities
to
the
latest
indications
of
fair
value
at
4
p.m.
Eastern
time.
At September
30,
2020,
certain
securities
may
have
been
fair
valued
using
these
procedures,
in
which
case
the
securities
were
categorized
as
Level
2
inputs
within
the
fair
value
hierarchy.
See
the
Fair
Value
Measurements
note
for
more
information. 
When
the
last
day
of
the
reporting
period
is
a
non-business
day,
certain
foreign
markets
may
be
open
on
those
days
that
the
Fund’s NAV
is
not
calculated,
which
could
result
in
differences
between
the
value
of
the
Fund’s
portfolio
securities
on
the
last
business
day
and
the
last
calendar
day
of
the
reporting
period.
Any security
valuation
changes
due
to
an
open
foreign
market
are
adjusted
and
reflected
by
the
Fund
for
financial
reporting
purposes.
3.
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, regional
and
global
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. 
Investing
in
China
A-shares
may
include
certain
risks
and
considerations
not
typically
associated
with
investing
in
U.S.
securities.
In
general,
A-shares
are
issued
by
companies
incorporated
in
the
People’s
Republic
of
China
(PRC)
and
listed
on
the
Shanghai
and
Shenzhen
Stock
Exchanges
and
available
for
investment
by
domestic
(Chinese)
investors
and
holders
of
a
Qualified
Foreign
Institutional
Investor
(QFII)
license
and,
in
the
case
of
certain
eligible
A-shares,
through
the
Shanghai
and
Shenzhen
Stock
Connect
programs.
The
Shanghai
and
Shenzhen
Stock
Exchanges
are,
however,
substantially
smaller,
less
liquid
and
more
volatile
than
the
major
securities
markets
in
the
United
States. 
4.
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.
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
September
30,
2020,
the
Fund
held
investments
in
affiliated
management
investment
companies
as
follows: 
a
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
a
Templeton
Dragon
Fund,
Inc.
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0%
.........
$21,610,576
$200,163,500
$(216,222,218)
$
—
$
—
$
5,551,858
5,551,858
$
54,649
2. Financial
Instrument
Valuation
(continued)
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Statement
of
Investments
(unaudited)
7
6.
Investments
in
Templeton
China
Opportunities
Fund,
Ltd.
(China
Fund)  
The
Fund
invests
in
certain
China
A-shares
through
its
investment
in
the
China
Fund.
The
China
Fund
is
a
Cayman
Islands
exempted
company,
and
is
a
wholly-owned
subsidiary
of
the
Templeton
Dragon
Fund,
and
is
able
to
invest
directly
in
China
A-shares
consistent
with
the
investment
objective
of
the
Templeton
Dragon
Fund.
At September
30,
2020,
the
China
Fund’s
investments
as
well
as
any
other
assets
and
liabilities
of
the
China
Fund
are
reflected
in
the
Fund’s
Consolidated Statement
of
Investments.
At
September
30,
2020, the
net
assets
of
the
China
Fund
were
$274,256,084,
representing
32.2%
of
the
Fund’s
consolidated
net
assets.
The
China
Fund
gains
access
to
the
A-shares
market
through
Templeton
Investment
Counsel,
LLC
(TIC),
which
serves
as
the
registered
QFII
for
the
China
Fund.
Investment
decisions
related
to
the
China
Fund
A-shares
are
specific
to
the
Fund
and
it
bears
the
resultant
economic
and
tax
consequences
of
its
holdings
and
transactions
in
A-shares.
The
China
Fund
is
subject
to
certain
restrictions
and
administrative
processes
relating
to
its
ability
to
repatriate
cash
balances,
investment
proceeds,
and
earnings
associated
with
its
A-shares
and
may
incur
substantial
delays
in
gaining
access
to
its
assets
or
a
loss
of
value
in
the
event
of
noncompliance
with
applicable
Chinese
rules
or
requirements. 
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.)
•
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
September
30,
2020,
in
valuing
the
Fund's
assets
carried
at
fair
value,
is
as
follows:
a
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
a
Templeton
Dragon
Fund,
Inc.
(continued)
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0%
.........
$—
$121,147,689
$(108,726,411)
$
—
$
—
$
12,421,278
12,421,278
$
10,490
Total
Affiliated
Securities
....
$21,610,576
$321,311,189
$(324,948,629)
$—
$—
$17,973,136
$65,139
5.
Investments
in
Affiliated
Management
Investment
Companies 
(continued)
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Statement
of
Investments
(unaudited)
8
8.
Subsequent
Events
The Fund
has
evaluated
subsequent
events
through
the
issuance
of
the
Consolidated
Statement
of
Investments
and
determined
that
no
events
have
occurred
that
require
disclosure.
Abbreviations
Level
1
Level
2
Level
3
Total
Templeton
Dragon
Fund,
Inc.
Assets:
Investments
in
Securities:
Common
Stocks
:
Air
Freight
&
Logistics
...................
$
—
$
10,644,988
$
—
$
10,644,988
Auto
Components
......................
—
6,209,547
—
6,209,547
Banks
...............................
—
29,338,685
—
29,338,685
Beverages
...........................
—
22,411,920
—
22,411,920
Biotechnology
.........................
889,902
38,120,787
—
39,010,689
Capital
Markets
........................
—
4,515,968
—
4,515,968
Chemicals
...........................
—
13,908,616
—
13,908,616
Commercial
Services
&
Supplies
...........
—
20,359,005
—
20,359,005
Construction
Materials
..................
—
26,166,587
—
26,166,587
Containers
&
Packaging
.................
—
14,012,428
—
14,012,428
Diversified
Consumer
Services
............
38,014,056
—
—
38,014,056
Electrical
Equipment
....................
—
15,306,178
—
15,306,178
Electronic
Equipment,
Instruments
&
Components
........................
—
22,572,808
—
22,572,808
Entertainment
.........................
—
15,316,354
—
15,316,354
Food
&
Staples
Retailing
.................
—
17,080,006
—
17,080,006
Food
Products
........................
—
16,688,924
—
16,688,924
Health
Care
Equipment
&
Supplies
.........
—
10,433,102
—
10,433,102
Health
Care
Providers
&
Services
..........
—
2,711,490
—
2,711,490
Hotels,
Restaurants
&
Leisure
.............
8,224,988
5,244,014
—
13,469,002
Household
Durables
....................
—
25,638,078
—
25,638,078
Insurance
............................
—
24,852,612
—
24,852,612
Interactive
Media
&
Services
..............
8,400,259
85,773,905
—
94,174,164
Internet
&
Direct
Marketing
Retail
..........
27,449,119
154,684,112
—
182,133,231
IT
Services
...........................
18,992,007
—
—
18,992,007
Life
Sciences
Tools
&
Services
............
—
22,515,242
—
22,515,242
Machinery
............................
—
17,418,083
—
17,418,083
Oil,
Gas
&
Consumable
Fuels
.............
—
6,170,296
—
6,170,296
Paper
&
Forest
Products
.................
—
4,133,242
—
4,133,242
Pharmaceuticals
.......................
—
16,700,693
—
16,700,693
Real
Estate
Management
&
Development
....
—
34,118,340
—
34,118,340
Semiconductors
&
Semiconductor
Equipment
.
—
5,704,650
—
5,704,650
Software
.............................
—
6,212,644
—
6,212,644
Specialty
Retail
........................
—
16,852,458
—
16,852,458
Textiles,
Apparel
&
Luxury
Goods
..........
—
22,189,605
—
22,189,605
Wireless
Telecommunication
Services
.......
—
2,805,246
—
2,805,246
Convertible
Bonds
.......................
—
571,712
—
571,712
Short
Term
Investments
...................
17,973,136
—
—
17,973,136
Total
Investments
in
Securities
...........
$119,943,467
$737,382,325
$—
$857,325,792
Currency
CNY
Chinese
Yuan
7. Fair
Value
Measurements 
(continued)
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Statement
of
Investments
(unaudited)
9
Selected
Portfolio
ADR
American
Depositary
Receipts
For
additional
information
on
the
Fund's
significant
accounting
policies,
please
refer
to
the Fund's
most
recent
semiannual
or
annual
shareholder
report.