FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-05459
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Templeton Global Income Fund
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(Exact name of registrant as specified in charter)
500 East Broward Blvd., Suite 2100, Fort Lauderdale, FL 33394-3091
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(Address of principal executive offices) (Zip code)
Craig S. Tyle, One Franklin Parkway, San Mateo, CA 94403-1906
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(Name and address of agent for service)
Registrant's telephone number, including area code: 954/527-7500
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Date of fiscal year end: 8/31
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Date of reporting period: 05/31/08
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Item 1. Schedule of Investments.
Templeton Global Income Fund
QUARTERLY STATEMENT OF INVESTMENTS
MAY 31, 2008
CONTENTS
Statement of Investments............. 3
Notes to Statement of Investments.... 7
(FRANKLIN TEMPLETON INVESTMENTS LOGO)
FRANKLIN TEMPLETON INVESTMENTS
Franklin - TEMPLETON - Mutual Series
Quarterly Statement of Investments | 1
This page intentionally left blank.
Templeton Global Income Fund
STATEMENT OF INVESTMENTS, MAY 31, 2008 (UNAUDITED)
PRINCIPAL AMOUNT(a) VALUE
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LONG TERM INVESTMENTS 96.7%
BONDS 96.5%
ARGENTINA 2.3%
(b, c) Government of Argentina, senior bond, FRN, 3.092%, 8/03/12 ...... 50,200,000 $ 26,944,530
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AUSTRALIA 2.6%
Queensland Treasury Corp., 6.00%, 7/14/09 ....................... 33,055,000 AUD 31,186,416
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AUSTRIA 4.8%
Oesterreichische Kontrollbank AG, senior bond, 2.75%, 6/14/11 ... 60,000,000 CHF 57,002,993
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BRAZIL 7.5%
Nota Do Tesouro Nacional,
9.762%, 1/01/12 .............................................. 36,035(d)BRL 19,894,340
9.762%, 1/01/14 .............................................. 15,000(d)BRL 8,041,503
9.762%, 1/01/17 .............................................. 54,900(d)BRL 28,101,625
(e)Index Linked, 6.00%, 5/15/15 ................................. 9,400(d)BRL 9,359,063
(e)Index Linked, 6.00%, 5/15/45 ................................. 23,625(d)BRL 23,025,489
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88,422,020
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CANADA 1.4%
Province of Manitoba, 6.375%, 9/01/15 ........................... 14,800,000 NZD 10,902,151
Province of Ontario, 6.25%, 6/16/15 ............................. 8,460,000 NZD 6,171,954
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17,074,105
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EGYPT 5.2%
(i) Egypt Treasury Bills, 6/24/08 - 3/17/09 ......................... 338,175,000 EGP 61,451,663
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FRANCE 3.0%
Government of France, 4.25%, 10/25/17 ........................... 23,500,000 EUR 35,689,454
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GERMANY 5.1%
(b) KfW Bankengruppe, FRN, 0.706%, 8/08/11 .......................... 6,380,000,000 JPY 60,641,698
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INDONESIA 5.3%
Government of Indonesia,
14.25%, 6/15/13 .............................................. 84,050,000,000 IDR 9,583,658
14.275%, 12/15/13 ............................................ 81,836,000,000 IDR 9,365,828
9.50%, 6/15/15 ............................................... 33,050,000,000 IDR 3,033,891
10.75%, 5/15/16 .............................................. 82,245,000,000 IDR 7,971,687
11.50%, 9/15/19 .............................................. 23,000,000,000 IDR 2,273,520
11.00%, 11/15/20 ............................................. 318,500,000,000 IDR 30,281,133
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62,509,717
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MALAYSIA 10.7%
Government of Malaysia,
6.45%, 7/01/08 ............................................... 10,260,000 MYR 3,173,942
3.917%, 9/30/08 .............................................. 600,000 MYR 185,331
4.305%, 2/27/09 .............................................. 75,200,000 MYR 23,338,610
7.00%, 3/15/09 ............................................... 100,460,000 MYR 31,829,759
6.844%, 10/01/09 ............................................. 5,900,000 MYR 1,897,436
3.756%, 4/28/11 .............................................. 156,755,000 MYR 48,536,186
3.833%, 9/28/11 .............................................. 240,000 MYR 74,505
3.461%, 7/31/13 .............................................. 9,100,000 MYR 2,785,205
3.814%, 2/15/17 .............................................. 19,530,000 MYR 5,949,634
4.24%, 2/07/18 ............................................... 30,000,000 MYR 9,396,060
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127,166,668
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Quarterly Statement of Investments | 3
Templeton Global Income Fund
STATEMENT OF INVESTMENTS, MAY 31, 2008 (UNAUDITED) (CONTINUED)
PRINCIPAL AMOUNT(a) VALUE
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LONG TERM INVESTMENTS (CONTINUED)
BONDS (CONTINUED)
MEXICO 4.7%
Government of Mexico,
9.00%, 12/20/12 .............................................. 159,000(f)MXN $ 1,596,741
8.00%, 12/19/13 .............................................. 475,500(f)MXN 4,595,221
8.00%, 12/17/15 .............................................. 305,000(f)MXN 2,935,986
7.25%, 12/15/16 .............................................. 325,000(f)MXN 2,981,179
10.00%, 12/05/24 ............................................. 3,837,000(f)MXN 43,102,830
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55,211,957
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NEW ZEALAND 1.2%
Government of New Zealand, 6.00%, 11/15/11 ...................... 18,273,000 NZD 13,995,129
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NORWAY 4.2%
Government of Norway,
5.50%, 5/15/09 ............................................... 100,550,000 NOK 19,614,647
6.00%, 5/16/11 ............................................... 123,700,000 NOK 24,682,566
6.50%, 5/15/13 ............................................... 23,500,000 NOK 4,906,710
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49,203,923
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PERU 3.4%
Government of Peru,
9.91%, 5/05/15 ............................................... 6,500,000 PEN 2,783,336
7.84%, 8/12/20 ............................................... 32,200,000 PEN 12,462,561
Series 7, 8.60%, 8/12/17 ..................................... 61,545,000 PEN 24,863,916
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40,109,813
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PHILIPPINES 0.1%
(g) Government of the Philippines, Reg S, 9.125%, 2/22/10 ........... 770,000 EUR 1,254,486
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POLAND 3.3%
Government of Poland,
6.00%, 5/24/09 ............................................... 27,500,000 PLN 12,602,980
5.75%, 9/23/22 ............................................... 60,500,000 PLN 26,744,032
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39,347,012
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SOUTH KOREA 10.6%
Korea Deposit Insurance Corp.,
07-1, 5.57%, 9/14/12 ......................................... 7,200,000,000 KRW 6,908,579
08-1, 5.28%, 2/15/13 ......................................... 1,232,000,000 KRW 1,166,210
Korea Treasury Bond,
5.25%, 9/10/12 ............................................... 15,946,000,000 KRW 15,360,127
5.00%, 9/10/16 ............................................... 4,656,000,000 KRW 4,339,747
5.50%, 9/10/17 ............................................... 83,352,600,000 KRW 80,089,504
5.25%, 3/10/27 ............................................... 19,170,000,000 KRW 17,684,939
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125,549,106
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(h) SUPRANATIONAL 10.4%
European Bank For Reconstruction & Development, senior note,
5.10%, 6/12/09 ............................................... 125,000,000 PLN 57,180,158
European Investment Bank, senior note,
4.50%, 5/15/13 ............................................... 113,650,000 NOK 21,310,405
(b)FRN, 0.751%, 9/21/11 ......................................... 2,000,000,000 JPY 18,970,686
4 | Quarterly Statement of Investments
Templeton Global Income Fund
STATEMENT OF INVESTMENTS, MAY 31, 2008 (UNAUDITED) (CONTINUED)
PRINCIPAL AMOUNT(a) VALUE
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LONG TERM INVESTMENTS (CONTINUED)
BONDS (CONTINUED)
(h) SUPRANATIONAL (CONTINUED)
Inter-American Development Bank,
1.90%, 7/08/09 ............................................... 640,000,000 JPY $ 6,128,942
6.00%, 12/15/17 .............................................. 6,000,000 NZD 4,259,975
senior note, 7.50%, 12/05/24 ................................. 185,000,000 MXN 15,962,788
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123,812,954
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SWEDEN 10.7%
Government of Sweden,
5.00%, 1/28/09 ............................................... 518,600,000 SEK 86,751,697
4.00%, 12/01/09 .............................................. 151,720,000 SEK 25,116,690
(i)Strip, 9/17/08 ............................................... 91,000,000 SEK 14,978,761
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126,847,148
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TOTAL BONDS (COST $1,076,101,056) 1,143,420,792
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MUNICIPAL BONDS 0.2%
UNITED STATES AND U.S. TERRITORIES 0.2%
Alabama Public Housing Authorities Capital Program Revenue,
Series B, FSA Insured,
4.45%, 1/01/24 ............................................... 125,000 121,571
California State GO, Refunding,
5.125%, 4/01/33 .............................................. 500,000 506,320
5.00%, 4/01/38 ............................................... 550,000 548,438
Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue,
Refunding, Third Indenture Series A, FGIC Insured, 5.00%,
7/01/19 ...................................................... 150,000 162,472
New York City GO, Sub Series L-1, 5.00%, 4/01/26 ................ 100,000 103,207
North Carolina Eastern Municipal Power Agency Power System
Revenue, Refunding, Series A, Assured Guaranty, 5.25%,
1/01/19 ...................................................... 250,000 269,285
Puerto Rico Commonwealth GO, Public Improvement, Refunding,
Series A, MBIA Insured, 5.50%, 7/01/21 ....................... 100,000 106,736
Wisconsin State GO, Series A, FGIC Insured, 5.00%, 5/01/21 ...... 50,000 52,839
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TOTAL MUNICIPAL BONDS (COST $1,874,278) ......................... 1,870,868
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NOTIONAL AMOUNT
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OPTIONS PURCHASED (COST $3,749) 0.0%j
PUTS 0.0%(j)
BRAZIL 0.0%(j)
(k) Brazilian Real Put, strike price 2.05 BRL, expiration date
1/20/09 ...................................................... $ 100,000 580
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TOTAL LONG TERM INVESTMENTS (COST $1,077,979,083) ............... 1,145,292,240
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PRINCIPAL AMOUNT(a)
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SHORT TERM INVESTMENTS 0.7%
FOREIGN GOVERNMENT SECURITY (COST $2,227,958) 0.2%
MALAYSIA 0.2%
Government of Malaysia, 3.562%, 7/15/08 7,435,000 MYR 2,294,776
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Quarterly Statement of Investments | 5
Templeton Global Income Fund
STATEMENT OF INVESTMENTS, MAY 31, 2008 (UNAUDITED) (CONTINUED)
SHARES VALUE
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TOTAL INVESTMENTS BEFORE MONEY MARKET FUND (COST
$1,080,207,041) .............................................. $1,147,587,016
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MONEY MARKET FUND (COST $6,279,266) 0.5%
UNITED STATES 0.5%
(l) Franklin Institutional Fiduciary Trust Money Market Portfolio,
2.17% ........................................................ 6,279,266 6,279,266
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TOTAL INVESTMENTS (COST $1,086,486,307) 97.4% ................... 1,153,866,282
NET UNREALIZED GAIN ON FORWARD EXCHANGE CONTRACTS 0.7% .......... 8,517,692
OTHER ASSETS, LESS LIABILITIES 1.9% ............................. 22,135,981
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NET ASSETS 100.0% ............................................... $1,184,519,955
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CURRENCY ABBREVIATIONS
AUD - Australian Dollar
BRL - Brazilian Real
CHF - Swiss Franc
EGP - Egyptian Pound
EUR - Euro
IDR - Indonesian Rupiah
JPY - Japanese Yen
KRW - South Korean Won
MXN - Mexican Peso
MYR - Malaysian Ringgit
NOK - Norwegian Krone
NZD - New Zealand Dollar
PEN - Peruvian Nuevo Sol
PLN - Polish Zloty
SEK - Swedish Krona
SELECTED PORTFOLIO ABBREVIATIONS
FGIC - Financial Guaranty Insurance Co.
FRN - Floating Rate Note
FSA - Financial Security Assurance Inc.
GO - General Obligation
MBIA - Municipal Bond Investors Assurance Corp.
(a) The principal amount is stated in U.S. dollars unless otherwise indicated.
(b) The coupon rate shown represents the rate at period end.
(c) The principal amount is stated in original face, and scheduled paydowns are
reflected in the market price on ex-date.
(d) Principal amount is stated in 1,000 Brazilian Real Units.
(e) Redemption price at maturity is adjusted for inflation.
(f) Principal amount is stated in 100 Mexican Peso Units.
(g) Security was purchased pursuant to Regulation S under the Securities Act of
1933, which exempts from registration securities offered and sold outside
of the United States. Such a security 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.
These securities have been deemed liquid under guidelines approved by the
Fund's Board of Directors. At May 31, 2008, the value of this security was
$1,254,486, representing 0.11% of net assets.
(h) A supranational organization is an entity formed by two or more central
governments through international treaties.
(i) The security is traded on a discount basis with no stated coupon rate.
(j) Rounds to less than 0.1% of net assets.
(k) Non-income producing for the twelve months ended May 31, 2008.
(l) The Franklin Institutional Fiduciary Trust Money Market Portfolio is
managed by the Fund's investment manager. The rate shown is the annualized
seven-day yield at period end.
See Notes to Statement of Investments.
6 | Quarterly Statement of Investments
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 amended, as a non-diversified, open-end investment company.
2. SECURITY VALUATION
Securities listed on a securities 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. Over-the-counter securities and listed securities for
which there is no reported sale 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. Investments in open-end mutual funds are valued at the closing net asset
value.
Corporate debt securities and government securities generally trade in the
over-the-counter market rather than on a securities exchange. The Fund may
utilize independent pricing services, quotations from bond dealers, and
information with respect to bond and note transactions, to assist in determining
a current market value for each security. The Fund's pricing services may use
valuation models or matrix pricing which considers information with respect to
comparable bond and note transactions, quotations from bond dealers, or by
reference to other securities that are considered comparable in such
characteristics as rating, interest rate and maturity date, option adjusted
spread models, prepayment projections, interest rate spreads and yield curves,
to determine current value.
The Fund has procedures to determine the fair value of individual securities and
other assets for which market prices are not readily available or which may not
be reliably priced. Methods for valuing these securities may include:
fundamental analysis, matrix pricing, discounts from market prices of similar
securities, or discounts applied due to the nature and duration of restrictions
on the disposition of the securities. Due to the inherent uncertainty of
valuations of such securities, the fair values may differ significantly from the
values that would have been used had a ready market for such investments
existed. Occasionally, events occur between the time at which trading in a
security is completed and the close of the NYSE that might call into question
the availability (including the reliability) of the value of a portfolio
security held by the Fund. If such an event occurs, the securities may be valued
using fair value procedures, which may include the use of independent pricing
services. All security valuation procedures are approved by the Fund's Board of
Trustees.
Quarterly Statement of Investments | 7
Templeton Global Income Fund
NOTES TO STATEMENT OF INVESTMENTS (UNAUDITED) (CONTINUED)
3. INCOME TAXES
At May 31, 2008, the cost of investments and net unrealized appreciation
(depreciation) for income tax purposes were as follows:
Cost of investments ......................... $1,091,001,459
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Unrealized appreciation ..................... $ 84,750,787
Unrealized depreciation ..................... (21,885,964)
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Net unrealized appreciation (depreciation) .. $ 62,864,823
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4. FORWARD EXCHANGE CONTRACTS
At May 31, 2008, the Fund had the following forward exchange contracts
outstanding:
CONTRACT SETTLEMENT UNREALIZED UNREALIZED
AMOUNT(A) DATE GAIN LOSS
------------- ---------- ----------- ------------
CONTRACTS TO BUY
345,000,000 Japanese Yen ............ 2,925,960 6/30/08 $ 351,450 $ --
1,350,000,000 Japanese Yen ............ 11,589,475 7/18/08 1,248,371 --
647,291,600 Japanese Yen ............ 5,800,000 8/20/08 366,416 --
321,024,200 Japanese Yen ............ 2,900,000 8/25/08 159,036 --
223,340,000 Japanese Yen ............ 2,010,261 9/04/08 119,080 --
225,000,000 Indian Rupee ............ 7,816,843 NZD 9/24/08 -- (713,500)
538,227,400 Japanese Yen ............ 4,880,000 9/25/08 257,304 --
803,615,400 Japanese Yen ............ 7,245,000 9/26/08 425,807 --
779,666,250 Kazakhstani Tenge ....... 6,150,000 10/10/08 277,771 --
314,875,000 Chilean Peso ............ 625,000 10/20/08 25,277 --
141,373,750 Chilean Peso ............ 280,000 10/22/08 11,924 --
252,100,000 Chilean Peso ............ 500,000 10/23/08 20,527 --
3,571,898 Swiss Franc ............. 3,100,000 10/27/08 329,992 --
412,800,000 Kazakhstani Tenge ....... 3,225,000 11/03/08 174,757 --
1,730,664,000 Japanese Yen ............ 15,600,000 11/04/08 954,591 --
10,600,000 Swiss Franc ............. 9,591,241 11/06/08 588,037 --
1,950,000,000 Japanese Yen ............ 17,934,333 11/13/08 727,369 --
1,508,082,050 Japanese Yen ............ 14,224,505 11/14/08 208,775 --
4,318,461,667 Japanese Yen ............ 40,427,464 12/02/08 943,743 --
5,170,000 Euro .................... 19,103,150 RON 12/03/08 91,913 --
4,310,000 Euro .................... 15,630,215 RON 12/04/08 199,125 --
543,250,000 Japanese Yen ............ 5,082,708 12/05/08 122,555 --
1,664,019,000 Kazakhstani Tenge ....... 12,810,000 12/22/08 873,894 --
1,056,356,000 Kazakhstani Tenge ....... 8,236,694 1/16/09 445,683 --
1,946,000,000 Kazakhstani Tenge ....... 15,203,125 1/20/09 790,079 --
128,800,000 Japanese Yen ............ 1,234,284 1/22/09 3,206 --
3,024,013 Peruvian Nuevo Sol ...... 11,778,504 MXN 1/22/09 -- (25,988)
47,978,579 Malaysian Ringgit ....... 14,941,943 1/23/09 -- (152,318)
28,641,145 Singapore Dollar ........ 20,469,658 1/23/09 739,355 --
9,301,302 Australian Dollar ....... 7,905,177 1/30/09 696,199 --
89,650,000 Swedish Krona ........... 13,858,616 1/30/09 871,429 --
8 | Quarterly Statement of Investments
Templeton Global Income Fund
NOTES TO STATEMENT OF INVESTMENTS (UNAUDITED) (CONTINUED)
4. FORWARD EXCHANGE CONTRACTS (CONTINUED)
CONTRACT SETTLEMENT UNREALIZED UNREALIZED
AMOUNT(a) DATE GAIN LOSS
------------- ---------- ----------- ------------
CONTRACTS TO BUY (CONTINUED)
832,775,000 Indian Rupee ............ 26,988,728 NZD 2/27/09 $ -- $ (789,943)
29,978,900 Swedish Krona ........... 3,199,422 EUR 4/29/09 9,886 --
760,290,277 Kazakhstani Tenge ....... 66,628,423 MXN 5/27/09 -- (30,650)
CONTRACTS TO SELL
29,507,162 Mexican Peso ............ 1,353,641,068 CLP 6/12/08 -- (37,566)
25,000,000 Mexican Peso ............ 2,245,677 7/28/08 -- (157,525)
11,063,812 Mexican Peso ............ 503,071,544 CLP 9/15/08 -- (15,070)
67,519,638 Mexican Peso ............ 3,085,053,304 CLP 10/01/08 -- (54,241)
67,232,921 Mexican Peso ............ 3,061,511,579 CLP 10/02/08 -- (75,179)
3,844,304,900 South Korean Won ........ 4,665,135 CHF 11/13/08 759,288 --
29,900,000 Romanian Leu-New ........ 66,311,821 NOK 11/17/08 417,797 --
5,536,655,000 South Korean Won ........ 6,832,087 CHF 11/17/08 1,202,661 --
23,799,300,000 South Korean Won ........ 28,063,107 CHF 11/25/08 3,919,777 --
4,455,360,000 South Korean Won ........ 5,302,801 CHF 11/26/08 781,156 --
11,930,418,000 South Korean Won ........ 14,207,831 CHF 11/28/08 2,098,870 --
4,542,277,200 South Korean Won ........ 5,492,675 CHF 12/02/08 878,569 --
14,416,140,000 South Korean Won ........ 17,258,431 CHF 12/03/08 2,620,776 --
2,470,410 Euro .................... 387,701,205 JPY 12/08/08 -- (88,673)
22,879,675 Romanian Leu-New ........ 59,057,475 SEK 12/15/08 320,374 --
30,997,821 Mexican Peso ............ 107,782,523 INR 1/22/09 -- (388,517)
55,441,133 Mexican Peso ............ 4,854,953 1/22/09 -- (352,288)
6,992,355 Euro .................... 10,194,504 1/28/09 -- (546,203)
9,788,453 Euro .................... 14,264,563 1/29/09 -- (770,400)
26,940,885,209 South Korean Won ........ 28,307,277 1/30/09 2,175,603 --
3,964,380,685 South Korean Won ........ 4,513,338 CHF 1/30/09 490,196 --
2,795,469 Euro .................... 4,099,835 2/04/09 -- (192,724)
65,715,289 Mexican Peso ............ 5,801,650 2/06/09 -- (359,382)
32,149,105 Mexican Peso ............ 2,841,156 2/09/09 -- (171,838)
25,511,568 Romanian Leu-New ........ 168,025,426 CZK 2/12/09 -- (31,657)
9,325,755 Romanian Leu-New ........ 61,718,779 CZK 2/17/09 9,568 --
4,433,751 Euro .................... 6,404,776 2/19/09 -- (398,473)
31,225,928 Euro .................... 4,803,984,119 JPY 2/23/09 -- (1,664,475)
31,225,928 Euro .................... 45,388,109 2/23/09 -- (2,516,355)
10,408,643 Euro .................... 15,212,232 2/25/09 -- (754,470)
20,817,285 Euro .................... 3,205,789,029 JPY 2/25/09 -- (1,072,944)
4,213,560,000 South Korean Won ........ 4,440,000 2/25/09 349,492 --
10,408,643 Euro .................... 1,596,342,351 JPY 2/26/09 -- (597,930)
20,817,286 Euro .................... 30,435,288 2/26/09 -- (1,496,759)
46,838,891 Euro .................... 7,282,833,439 JPY 2/27/09 -- (1,727,443)
67,656,178 Euro .................... 99,795,984 2/27/09 -- (3,978,762)
65,279,583 Mexican Peso ............ 5,801,598 2/27/09 -- (303,077)
6,663,669 Romanian Leu-New ........ 43,173,911 CZK 2/27/09 -- (46,137)
4,206,056,400 South Korean Won ........ 4,440,000 2/27/09 357,031 --
10,408,642 Euro .................... 15,602,138 3/03/09 -- (360,496)
65,781,104 Mexican Peso ............ 5,857,884 3/03/09 -- (290,721)
15,612,963 Euro .................... 23,355,848 3/04/09 -- (587,086)
4,183,368,000 South Korean Won ........ 4,440,000 3/04/09 379,691 --
Quarterly Statement of Investments | 9
Templeton Global Income Fund
NOTES TO STATEMENT OF INVESTMENTS (UNAUDITED) (CONTINUED)
4. FORWARD EXCHANGE CONTRACTS (CONTINUED)
CONTRACT SETTLEMENT UNREALIZED UNREALIZED
AMOUNT(a) DATE GAIN LOSS
------------- ---------- ----------- ------------
CONTRACTS TO SELL (CONTINUED)
5,204,321 Euro .................... 7,838,228 3/09/09 $ -- $ (141,057)
5,204,321 Euro .................... 800,414,161 JPY 3/09/09 -- (268,459)
3,903,240 Euro .................... 598,347,176 JPY 3/10/09 -- (219,651)
5,204,321 Euro .................... 7,863,469 3/10/09 -- (115,477)
5,204,321 Euro .................... 7,952,801 3/17/09 -- (23,776)
8,880,000,000 South Korean Won ........ 9,168,452 CHF 3/27/09 197,541 --
3,474,633,000 South Korean Won ........ 3,594,075 CHF 4/01/09 84,277 --
22,118,365 Euro .................... 3,425,226,585 JPY 4/06/09 -- (818,023)
4,440,000,000 South Korean Won ........ 4,606,494 CHF 4/06/09 121,868 --
6,070,000 British Pound Sterling .. 11,795,345 4/07/09 52,809 --
4,042,329 British Pound Sterling .. 10,573,682 SGD 4/14/09 35,474 --
15,784,902 Euro .................... 24,420,769 4/14/09 256,215 --
23,070,241 Euro .................... 48,638,601 SGD 4/14/09 800,423 --
7,690,080 Euro .................... 1,196,288,070 JPY 4/14/09 -- (222,544)
4,047,411 Euro .................... 8,428,572 SGD 4/17/09 64,337 --
12,142,233 Euro .................... 25,418,551 SGD 4/20/09 296,245 --
4,036,257 Euro .................... 19,670,698 MYR 4/21/09 -- (113,820)
2,018,128 Euro .................... 4,226,767 SGD 4/24/09 51,753 --
3,023,402 British Pound Sterling .. 18,167,744 MYR 4/27/09 -- (241,021)
2,018,128 Euro .................... 4,212,842 SGD 4/27/09 42,169 --
16,563,648 New Zealand Dollar ...... 507,510,181 INR 4/28/09 -- (494,325)
1,007,801 British Pound Sterling .. 6,092,359 MYR 4/30/09 -- (68,730)
1,311,783 Euro .................... 2,680,104 SGD 5/06/09 -- (14,395)
1,007,801 British Pound Sterling .. 6,073,714 MYR 5/07/09 -- (73,596)
52,217,395 Mexican Peso ............ 2,279,289,302 CLP 5/15/09 -- (185,647)
36,225,716 Mexican Peso ............ 1,576,615,600 CLP 5/20/09 -- (137,217)
50,000,000 Mexican Peso ............ 196,105,000 INR 5/20/09 -- (57,700)
Unrealized gain (loss) on offsetting forward exchange contracts ........... 1,664,409 --
----------- ------------
Unrealized gain (loss) on forward exchange contracts ................... 32,461,920 (23,944,228)
----------- ------------
Net unrealized gain (loss) on forward exchange contracts ............ $ 8,517,692
===========
(a) In U.S. Dollar unless otherwise indicated.
CURRENCY ABBREVIATIONS
CHF - Swiss Franc
CLP - Chilean Peso
CZK - Czech Koruna
EUR - Euro
INR - Indian Rupee
JPY - Japanese Yen
MXN - Mexican Peso
MYR - Malaysian Ringgit
NOK - Norwegian Krone
NZD - New Zealand Dollar
RON - Romanian Leu-New
SEK - Swedish Krona
SGD - Singapore Dollar
10 | Quarterly Statement of Investments
Templeton Global Income Fund
NOTES TO STATEMENT OF INVESTMENTS (UNAUDITED) (CONTINUED)
5. NEW ACCOUNTING PRONOUNCEMENTS
In September 2006, the Financial Accounting Standards Board (FASB) issued FASB
Statement No. 157, "Fair Value Measurement" (SFAS 157), which defines fair
value, establishes a framework for measuring fair value, and expands disclosures
about fair value measurements. SFAS 157 is effective for fiscal years beginning
after November 15, 2007, and interim periods within those fiscal years. The Fund
believes the adoption of SFAS 157 will have no material impact on its financial
statements.
In March 2008, FASB issued FASB Statement No. 161, "Disclosures about Derivative
Instruments and Hedging Activities, an amendment of FASB Statement No. 133"
(SFAS 161), which expands disclosures about derivative investments and hedging
activities. SFAS 161 is effective for fiscal years beginning after November 15,
2008, and interim periods within those fiscal years. The Fund is currently
evaluating the impact, if any, of applying the various provisions of SFAS 161.
For information on the Fund's policy regarding other significant accounting
policies, please refer to the Fund's most recent semiannual or annual
shareholder report.
Quarterly Statement of Investments | 11
Item 2. Controls and Procedures.
(a) Evaluation of Disclosure Controls and Procedures. The Registrant maintains
disclosure controls and procedures that are designed to ensure that information
required to be disclosed in the Registrant's filings under the Securities
Exchange Act of 1934 and the Investment Company Act of 1940 is recorded,
processed, summarized and reported within the periods specified in the rules and
forms of the Securities and Exchange Commission. Such information is accumulated
and communicated to the Registrant's management, including its principal
executive officer and principal financial officer, as appropriate, to allow
timely decisions regarding required disclosure. The Registrant's management,
including the principal executive officer and the principal financial officer,
recognizes that any set of controls and procedures, no matter how well designed
and operated, can provide only reasonable assurance of achieving the desired
control objectives.
Within 90 days prior to the filing date of this Quarterly Schedule of Portfolio
Holdings on Form N-Q, the Registrant had carried out an evaluation, under the
supervision and with the participation of the Registrant's management, including
the Registrant's principal executive officer and the Registrant's principal
financial officer, of the effectiveness of the design and operation of the
Registrant's disclosure controls and procedures. Based on such evaluation, the
Registrant's principal executive officer and principal financial officer
concluded that the Registrant's disclosure controls and procedures are
effective.
(b) Changes in Internal Controls. There have been no significant changes in the
Registrant's internal controls or in other factors that could significantly
affect the internal controls subsequent to the date of their evaluation in
connection with the preparation of this Quarterly Schedule of Portfolio Holdings
on Form N-Q.
Item 3. Exhibits.
(a) Certification pursuant to Section 30a-2 under the Investment Company Act of
1940 of Galen G. Vetter, Chief Executive Officer - Finance and Administration,
and Laura F. Fergerson, Chief Financial Officer and Chief Accounting Officer.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
Templeton Global Income Fund
By /s/GALEN G. VETTER
-----------------------
Galen G. Vetter
Chief Executive Officer -
Finance and Administration
Date July 25, 2008
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By /s/GALEN G. VETTER
-----------------------
Galen G. Vetter
Chief Executive Officer -
Finance and Administration
Date July 25, 2008
By /s/LAURA F. FERGERSON
-----------------------
Laura F. Fergerson
Chief Financial Officer and
Chief Accounting Officer
Date July 25, 2008