N-Q 1 nq-tit053115.htm nq-tit053115.htm - Generated by SEC Publisher for SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF

REGISTERED MANAGEMENT INVESTMENT COMPANY

 

 

Investment Company Act file number 811-04706

 

Templeton Income Trust

(Exact name of registrant as specified in charter)

 

300 S.E. 2nd Street, Fort Lauderdale, FL 33301-1923

 (Address of principal executive offices) (Zip code)

 

Craig S. Tyle, One Franklin Parkway, San Mateo, CA  94403-1906

(Name and address of agent for service)

 

Registrant's telephone number, including area code: (954) 527-7500

 

Date of fiscal year end:   8/31    

 

Date of reporting period: _05/31/15_

 

 

Item 1. Schedule of Investments.

 

 

Templeton Income Trust          
 
Statement of Investments, May 31, 2015 (unaudited)          
 
 
Templeton Constrained Bond Fund Principal Amount*       Value
Foreign Government and Agency Securities 24.0%          
Brazil 2.8%          
Letra Tesouro Nacional, Strip,          
10/01/15 30 a BRL $ 9,006
1/01/16 60 a BRL   17,435
7/01/16 10 a BRL   2,729
10/01/16 20 a BRL   5,291
bNota Do Tesouro Nacional, Index Linked, 6.00%,          
8/15/18 200 a BRL   164,028
5/15/19 20 a BRL   16,352
8/15/20 20 a BRL   16,346
8/15/22 40 a BRL   32,716
5/15/23 10 a BRL   8,203
8/15/24 8 a BRL   6,670
          278,776
Hungary 4.5%          
Government of Hungary,          
4.00%, 4/25/18 500,000   HUF   1,870
6.50%, 6/24/19 600,000   HUF   2,448
7.50%, 11/12/20 8,860,000   HUF   38,508
5.375%, 2/21/23 210,000       232,680
A, 5.50%, 12/20/18 8,120,000   HUF   31,961
A, 7.00%, 6/24/22 7,490,000   HUF   32,803
A, 6.00%, 11/24/23 11,620,000   HUF   49,349
B, 5.50%, 6/24/25 14,400,000   HUF   60,100
          449,719
Ireland 2.5%          
Government of Ireland, senior bond, 5.40%, 3/13/25 165,230   EUR   251,875
 
Mexico 2.4%          
Government of Mexico,          
8.00%, 12/17/15 31,800 c MXN   211,925
6.25%, 6/16/16 2,800 c MXN   18,704
7.25%, 12/15/16 800 c MXN   5,461
          236,090
Poland 4.5%          
Government of Poland, Strip, 7/25/15 1,700,000   PLN   453,237
 
Portugal 1.1%          
Government of Portugal,          
d 144A, 5.125%, 10/15/24 30,000       32,013
e Reg S, 3.875%, 2/15/30 60,000   EUR   72,777
e senior bond, Reg S, 4.95%, 10/25/23 500   EUR   664
e senior note, Reg S, 5.65%, 2/15/24 1,200   EUR   1,661
          107,115
Serbia 2.3%          
dGovernment of Serbia, senior note, 144A, 7.25%, 9/28/21 200,000       230,418
 
South Korea 3.9%          
Korea Monetary Stabilization Bond, senior bond, 2.80%, 8/02/15 438,000,000   KRW   393,866
 
Total Foreign Government and Agency Securities (Cost $2,622,592)         2,401,096
 
 
Short Term Investments 68.3%          
Foreign Government and Agency Securities 48.4%          
Canada 11.5%          
Government of Canada, 1.50%, 8/01/15 1,430,000   CAD   1,150,917

 

Quarterly Statement of Investments | See Notes to Statements of Investments.

 

Templeton Income Trust          
Statement of Investments, May 31, 2015 (unaudited) (continued)          
Malaysia 3.6%          
fBank of Negara Monetary Notes, 6/04/15 - 11/24/15 630,000   MYR   170,981
Government of Malaysia,          
            3.835%, 8/12/15 370,000   MYR   101,097
            3.197%, 10/15/15 250,000   MYR   68,240
fMalaysia Treasury Bills, 6/05/15 - 3/18/16 50,000   MYR   13,527
          353,845
Mexico 1.1%          
Government of Mexico, 6.00%, 6/18/15 4,800 c MXN   31,224
fMexico Treasury Bills, 6/11/15 - 4/14/16 119,760 g MXN   76,870
          108,094
New Zealand 8.8%          
fNew Zealand Treasury Bill, 8/05/15 1,250,000   NZD   881,704
Norway 9.1%          
fNorway Treasury Bill, 12/16/15 7,100,000   NOK   909,563
Philippines 0.0%†          
fPhilippine Treasury Bills, 8/05/15 - 3/02/16 120,000   PHP   2,668
Singapore 3.6%          
fMonetary Authority of Singapore Treasury Bill, 7/31/15 490,000   SGD   362,998
United Kingdom 10.7%          
eUnited Kingdom Treasury Bond, Reg S, 4.75%, 9/07/15 695,000   GBP   1,074,388
Total Foreign Government and Agency Securities (Cost $5,001,814)         4,844,177
Total Investments before Money Market Funds (Cost $7,624,406)         7,245,273
  Shares        
Money Market Funds (Cost $1,995,113) 19.9%          
United States 19.9%          
h,i Institutional Fiduciary Trust Money Market Portfolio 1,995,113       1,995,113
Total Investments (Cost $9,619,519) 92.3%         9,240,386
Other Assets, less Liabilities 7.7%         768,217
Net Assets 100.0%       $ 10,008,603

 

* The principal amount is stated in U.S. dollars unless otherwise indicated.
† Rounds to less than 0.1% of net assets.
a Principal amount is stated in 1,000 Brazilian Real Units.
b Redemption price at maturity is adjusted for inflation.
c Principal amount is stated in 100 Mexican Peso Units.
d Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers
or in a public offering registered under the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Trust's Board of Trustees. At
May 31, 2015, the aggregate value of these securities was $262,431, representing 2.62% of net assets.
e 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 Trust's Board of Trustees. At May 31, 2015, the aggregate value of these
securities was $1,149,490, representing 11.49% of net assets.
f The security is traded on a discount basis with no stated coupon rate.
g Principal amount is stated in 10 Mexican Peso Units.
h Non-income producing.
i Institutional Fiduciary Trust Money Market Portfolio is an affiliated open-end management investment company.

 

Templeton Income Trust

Statement of Investments, May 31, 2015 (unaudited) (continued)

At May 31, 2015, the Fund had the following forward exchange contracts outstanding. See Note 3.              
Forward Exchange Contracts                      
 
          Contract   Settlement   Unrealized   Unrealized  
Currency Counterpartya Type Quantity   Amount*   Date   Appreciation   Depreciation  
OTC Forward Exchange Contracts                      
Indian Rupee JPHQ Buy 8,714,250 $ 136,898   6/02/15 $ - $ (288 )
Indian Rupee JPHQ Sell 8,714,250   136,373   6/02/15   -   (237 )
Euro HSBK Sell 29,682   38,656   6/08/15   6,043   -  
Chilean Peso JPHQ Buy 91,760,400   142,596   6/18/15   5,556   -  
Euro GSCO Buy 225,000   266,580   6/22/15   -   (19,319 )
Euro GSCO Sell 381,000   518,114   6/22/15   99,418   -  
Japanese Yen DBAB Sell 1,860,000   18,266   6/22/15   3,273   -  
Japanese Yen BZWS Sell 44,316,000   436,095   6/26/15   78,869   -  
Euro JPHQ Buy 385,179   516,508   6/29/15   -   (93,180 )
Euro JPHQ Sell 509,864   696,665   6/29/15   136,303   -  
Norwegian Krone DBAB Sell 2,963,500   455,489   6/30/15   74,374   -  
Malaysian Ringgit HSBK Buy 947,160   240,634 EUR 7/14/15   -   (7,061 )
Euro DBAB Sell 1,950   2,658   7/17/15   515   -  
British Pound DBAB Sell 546,400   824,518   7/23/15   -   (10,289 )
Canadian Dollar BOFA Sell 1,437,724   1,185,654   8/05/15   31,464   -  
Malaysian Ringgit HSBK Buy 180,000   55,073   8/06/15   -   (6,235 )
Malaysian Ringgit HSBK Sell 180,000   49,718   8/06/15   880   -  
New Zealand Dollar CITI Sell 1,217,041   912,393   8/07/15   54,905   -  
British Pound DBAB Sell 158,476   241,479   8/10/15   -   (612 )
Norwegian Krone DBAB Sell 2,731,850   365,035   8/12/15   14,112   -  
Norwegian Krone CITI Sell 1,565,000   206,959   8/21/15   5,971   -  
Euro JPHQ Sell 30,000   39,033   9/08/15   6,025   -  
Indian Rupee JPHQ Buy 8,714,250   134,127   9/10/15   11   -  
Euro BZWS Sell 311,000   400,518   9/28/15   58,218   -  
Japanese Yen CITI Sell 44,248,950   408,446   9/28/15   51,283   -  
Malaysian Ringgit HSBK Buy 587,160   177,170   9/28/15   -   (18,517 )
Malaysian Ringgit HSBK Sell 587,160   161,556   9/28/15   2,903   -  
Mexican Peso HSBK Buy 2,684,948   196,916   9/28/15   -   (24,046 )
Euro JPHQ Sell 70,000   89,460   9/29/15   12,414   -  
Euro CITI Sell 33,000   42,199   9/30/15   5,876   -  
South Korean Won HSBK Buy 135,606,400   128,952   9/30/15   -   (7,632 )
South Korean Won HSBK Buy 135,606,400   104,639 EUR 9/30/15   6,147   -  
South Korean Won HSBK Sell 135,606,400   124,379   9/30/15   3,058   -  
Japanese Yen JPHQ Sell 7,000,000   64,620   10/07/15   8,110   -  
Japanese Yen HSBK Sell 3,500,000   32,483   10/09/15   4,227   -  
Japanese Yen BZWS Sell 1,800,000   16,717   10/13/15   2,184   -  
Japanese Yen DBAB Sell 1,700,000   15,798   10/13/15   2,072   -  
South Korean Won JPHQ Buy 204,000,000   188,105   10/14/15   -   (5,643 )
South Korean Won JPHQ Buy 204,000,000   157,663 EUR 10/14/15   8,882   -  
South Korean Won JPHQ Sell 204,000,000   187,207   10/14/15   4,746   -  
Mexican Peso CITI Buy 1,826,220   132,000   11/13/15   -   (14,812 )
Japanese Yen BOFA Sell 1,522,950   12,831   11/18/15   527   -  

 

 

Templeton Income Trust

Statement of Investments, May 31, 2015 (unaudited) (continued)

Euro BZWS Sell 62,000 77,888 11/20/15   9,585   -  
Japanese Yen DBAB Sell 1,860,000 15,922 12/21/15   882   -  
Japanese Yen HSBK Sell 1,860,000 15,904 12/21/15   864   -  
Japanese Yen BZWS Sell 880,000 7,442 12/22/15   327   -  
Japanese Yen CITI Sell 1,380,000 11,687 12/22/15   528   -  
Japanese Yen GSCO Sell 399,000 3,370 1/08/16   142   -  
Japanese Yen BZWS Sell 1,440,000 12,256 1/15/16   604   -  
Japanese Yen JPHQ Sell 940,000 7,970 1/15/16   364   -  
Japanese Yen JPHQ Sell 2,200,000 18,859 2/08/16   1,046   -  
Japanese Yen SCNY Sell 2,230,000 19,113 2/08/16   1,057   -  
Japanese Yen BZWS Sell 2,230,000 19,113 2/09/16   1,056   -  
Japanese Yen JPHQ Sell 2,240,000 19,192 2/09/16   1,054   -  
Euro DBAB Sell 70,000 80,187 2/23/16   2,909   -  
Japanese Yen CITI Sell 1,520,700 12,861 5/18/16   510   -  
Japanese Yen BOFA Sell 1,518,375 12,767 5/19/16   434   -  
Japanese Yen BZWS Sell 1,522,500 12,798 5/19/16   433   -  
Japanese Yen HSBK Sell 1,523,700 12,871 5/19/16   495   -  
Euro BZWS Sell 241,558 263,452 5/31/16   -   (3,983 )
Totals Forward Exchange Contracts unrealized appreciation (depreciation)     $ 710,656 $ (211,854 )
Net unrealized appreciation (depreciation)       $ 498,802      

 

a May be comprised of multiple contracts with the same counterparty, currency and settlement date.

*      In U.S. dollars unless otherwise indicated.
 

Templeton Income Trust                  
Statement of Investments, May 31, 2015 (unaudited) (continued)          
 
At May 31, 2015, the Fund had the following interest rate swap contracts outstanding. See Note 3.            
 
Interest Rate Swap Contracts                  
 
  Counterparty /   Notional Expiration   Unrealized   Unrealized  
Description Exchange   Amount Date   Appreciation Depreciation  
Centrally Cleared Swaps                  
Receive Floating rate 3-month USD BBA LIBOR Pay LCH $ 240,000 10/17/17          
Fixed rate 0.926%         $ 146 $ -  
Receive Floating rate 3-month USD BBA LIBOR Pay CME   214,000 5/09/24          
Fixed rate 2.695%           -   (10,326 )
Receive Floating rate 3-month USD BBA LIBOR Pay LCH   50,000 7/07/24          
Fixed rate 2.731%           -   (2,998 )
Receive Floating rate 3-month USD BBA LIBOR Pay LCH   90,000 1/22/25          
Fixed rate 1.914%           1,657   -  
Receive Floating rate 3-month USD BBA LIBOR Pay LCH   120,000 1/23/25          
Fixed rate 1.970%           1,601   -  
Receive Floating rate 3-month USD BBA LIBOR Pay LCH   70,000 1/27/25          
Fixed rate 1.973%           931   -  
Receive Floating rate 3-month USD BBA LIBOR Pay LCH   20,000 1/29/25          
Fixed rate 1.937%           335   -  
Receive Floating rate 3-month USD BBA LIBOR Pay LCH   10,000 1/30/25          
Fixed rate 1.942%           164   -  
Receive Floating rate 3-month USD BBA LIBOR Pay LCH   20,000 2/03/25          
Fixed rate 1.817%           566   -  
Receive Floating rate 3-month USD BBA LIBOR Pay CME   102,000 5/09/44          
Fixed rate 3.388%           -   (16,179 )
Totals Interest Rate Swap Contracts         $ 5,400 $ (29,503 )
Net unrealized appreciation (depreciation)             $ (24,103 )

 

ABBREVIATIONS

Counterparty/Exchange

BOFA - Bank of America Corp.
BZWS - Barclays Bank PLC
CITI - Citibank N.A.
CME - Chicago Mercantile Exchange
DBAB - Deutsche Bank AG
GSCO - Goldman Sachs Group, Inc.
HSBK - HSBC Bank PLC
JPHQ - JPMorgan Chase Bank, N.A.
LCH - London Clearing House
SCNY - Standard Chartered Bank

 

 

Templeton Income Trust

Statement of Investments, May 31, 2015 (unaudited) (continued)

Currency

BRL - Brazilian Real
CAD - Canadian Dollar
EUR - Euro
GBP - British Pound
HUF - Hungarian Forint
KRW - South Korean Won
MXN - Mexican Peso
MYR - Malaysian Ringgit
NOK - Norwegian Krone
NZD - New Zealand Dollar
PHP - Philippine Peso
PLN - Polish Zloty
SGD - Singapore Dollar

 

 

Templeton Income Trust        
 
Statement of Investments, May 31, 2015 (unaudited)        
 
 
Templeton Emerging Markets Bond Fund Principal Amount*     Value
Foreign Government and Agency Securities 61.6%        
Brazil 5.5%        
Letra Tesouro Nacional, Strip,        
7/01/15 1,250a BRL $ 388,049
10/01/15 100a BRL   30,021
1/01/16 260a BRL   75,552
7/01/16 30a BRL   8,188
10/01/16 100a BRL   26,454
bNota Do Tesouro Nacional, Index Linked, 6.00%,        
5/15/19 90a BRL   73,585
8/15/20 20a BRL   16,346
8/15/22 60a BRL   49,075
5/15/23 313a BRL   256,744
8/15/24 10a BRL   8,337
        932,351
Ecuador 4.3%        
cGovernment of Ecuador, senior note, 144A, 7.95%, 6/20/24 770,000     733,040
 
Ethiopia 1.2%        
cFederal Democratic Republic of Ethiopia, 144A, 6.625%, 12/11/24 200,000     201,840
 
Ghana 2.1%        
Government of Ghana,        
21.00%, 10/26/15 886,000 GHS   214,076
16.90%, 3/07/16 130,000 GHS   30,566
19.24%, 5/30/16 60,000 GHS   14,275
23.00%, 2/13/17 30,000 GHS   7,397
25.48%, 4/24/17 10,000 GHS   2,553
24.44%, 5/29/17 90,000 GHS   22,688
26.00%, 6/05/17 10,000 GHS   2,580
25.40%, 7/31/17 30,000 GHS   7,681
23.00%, 8/21/17 111,000 GHS   27,347
23.47%, 5/21/18 90,000 GHS   22,328
        351,491
Hungary 7.8%        
Government of Hungary,        
4.00%, 4/25/18 4,960,000 HUF   18,547
6.50%, 6/24/19 20,820,000 HUF   84,948
7.50%, 11/12/20 13,160,000 HUF   57,198
5.375%, 2/21/23 790,000     875,320
A, 6.75%, 11/24/17 38,720,000 HUF   154,056
A, 5.50%, 12/20/18 23,830,000 HUF   93,797
A, 7.00%, 6/24/22 940,000 HUF   4,117
A, 6.00%, 11/24/23 6,340,000 HUF   26,925
        1,314,908
Indonesia 2.2%        
Government of Indonesia,        
7.875%, 4/15/19 32,000,000 IDR   2,414
8.375%, 3/15/34 1,720,000,000 IDR   130,392
FR27, 9.50%, 6/15/15 860,000,000 IDR   65,172
FR31, 11.00%, 11/15/20 7,000,000 IDR   599
senior bond, FR53, 8.25%, 7/15/21 17,000,000 IDR   1,300
senior note, FR70, 8.375%, 3/15/24 2,290,000,000 IDR   175,767
        375,644
Kenya 1.2%        
cGovernment of Kenya, senior note, 144A, 6.875%, 6/24/24 200,000     210,010
 
Mexico 8.0%        
Government of Mexico,        
6.00%, 6/18/15 76,100d MXN   495,029
8.00%, 12/17/15 6,400d MXN   42,652
6.25%, 6/16/16 103,270d MXN   689,835

 

Quarterly Statement of Investments | See Notes to Statements of Investments.

 

Templeton Income Trust        
 
Statement of Investments, May 31, 2015 (unaudited) (continued)        
 
7.25%, 12/15/16   19,100d MXN 130,379
        1,357,895
Mongolia 1.1%        
cGovernment of Mongolia, senior note, 144A, 5.125%, 12/05/22   200,000   181,620
 
Nigeria 0.0%†        
Government of Nigeria, 13.05%, 8/16/16   700,000 NGN 3,488
 
Philippines 1.7%        
Government of the Philippines, senior note, 1.625%, 4/25/16   13,120,000 PHP 292,860
 
Republic of Montenegro 0.7%        
cGovernment of Montenegro, 144A, 5.375%, 5/20/19   110,000 EUR 126,203
 
Senegal 1.2%        
cGovernment of Senegal, 144A, 6.25%, 7/30/24   200,000   197,082
 
Serbia 7.1%        
       cGovernment of Serbia, senior note, 144A, 7.25%, 9/28/21   250,000   288,023
Serbia Treasury Bond, 10.00%, 9/11/21   2,130,000 RSD 20,206
Serbia Treasury Note,        
10.00%, 11/08/15   20,100,000 RSD 186,012
10.00%, 1/30/16   190,000 RSD 1,771
10.00%, 5/22/16   580,000 RSD 5,459
8.00%, 10/02/16   54,510,000 RSD 504,330
8.00%, 3/23/17   30,000 RSD 277
8.00%, 4/06/17   60,000 RSD 555
10.00%, 5/08/17   350,000 RSD 3,345
10.00%, 4/27/18   18,310,000 RSD 176,858
10.00%, 3/20/21   830,000 RSD 7,921
        1,194,757
Slovenia 1.3%        
cGovernment of Slovenia, senior note, 144A, 5.50%, 10/26/22   200,000   227,926
 
South Korea 2.6%        
Korea Monetary Stabilization Bond,        
senior bond, 1.96%, 2/02/17   286,100,000 KRW 257,812
senior note, 2.07%, 12/02/16   115,200,000 KRW 103,946
Korea Treasury Bond, senior note, 3.00%, 12/10/16   95,400,000 KRW 87,274
        449,032
Sri Lanka 0.8%        
Government of Sri Lanka,        
10.60%, 7/01/19   1,260,000 LKR 10,229
10.60%, 9/15/19   290,000 LKR 2,363
A, 7.50%, 8/15/18   190,000 LKR 1,408
C, 8.50%, 4/01/18   15,500,000 LKR 118,371
        132,371
Ukraine 4.3%        
cGovernment of Ukraine,        
senior bond, 144A, 7.80%, 11/28/22   720,000   347,400
senior note, 144A, 7.50%, 4/17/23   530,000   278,250
cKyiv Finance PLC (City of Kiev), loan participation, senior note, 144A, 9.375%, 7/11/16   200,000   95,750
        721,400
Uruguay 7.2%        
eGovernment of Uruguay,        
Index Linked, 4.25%, 4/05/27   281,955 UYU 10,272
senior bond, Index Linked, 5.00%, 9/14/18   331,348 UYU 12,586
senior bond, Index Linked, 4.375%, 12/15/28   1,946,730 UYU 71,833
senior bond, Index Linked, 4.00%, 7/10/30   297,528 UYU 10,483
Uruguay Notas del Tesoro,        
10.25%, 8/22/15   17,810,000 UYU 662,625
9.50%, 1/27/16   10,000 UYU 373
11.00%, 3/21/17   120,000 UYU 4,318
7, 13.25%, 4/08/18   320,000 UYU 12,080
e10, Index Linked, 4.25%, 1/05/17 123,316 UYU 4,588
e13, Index Linked, 4.00%, 5/25/25 92,487 UYU 3,311
e18, Index Linked, 2.25%, 8/23/17 11,221,756 UYU 391,422

 

 

Templeton Income Trust        
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Uruguay Treasury Bill, Strip,        
7/02/15 30,000   UYU 1,108
11/26/15 230,000   UYU 8,093
7/28/16 120,000   UYU 3,923
4/03/17 70,000   UYU 2,071
5/19/17 410,000   UYU 11,891
        1,210,977
Zambia 1.3%        
cGovernment of Zambia International Bond, 144A, 8.50%, 4/14/24 200,000     216,537
Total Foreign Government and Agency Securities (Cost $12,471,218)       10,431,432
Quasi-Sovereign and Corporate Bonds 12.0%        
Costa Rica 3.8%        
fReventazon Finance Trust, secured bond, first lien, 144A, 8.00%, 11/15/33 600,000     638,903
Nigeria 2.8%        
cAccess Bank PLC, sub. note, 144A, 9.25% to 6/23/19, FRN thereafter, 6/24/21 200,000     192,000
cZenith Bank PLC, senior note, 144A, 6.25%, 4/22/19 300,000     290,043
        482,043
Poland 0.9%        
c,gPlay Topco SA, senior note, 144A, PIK, 7.75%, 2/28/20 140,000   EUR 159,764
Romania 0.7%        
cCable Communications Systems NV, senior secured note, 144A, 7.50%, 11/01/20 100,000   EUR 116,658
South Africa 1.6%        
c,mEdcon Holdings Pty. Ltd., senior note, 144A, 13.375%, 6/30/19 200,000   EUR 55,342
c,mEdcon Ltd., senior secured note, 144A, 9.50%, 3/01/18 230,000   EUR 209,723
        265,065
Turkey 1.3%        
cYasar Holdings SA, senior note, 144A, 8.875%, 5/06/20 200,000     212,240
Ukraine 0.9%        
hState Export-Import Bank of Ukraine (Biz Finance PLC), loan participation, Reg S, 200,000     147,125
8.75%, 1/22/18        
Total Quasi-Sovereign and Corporate Bonds (Cost $2,247,275)       2,021,798
Total Investments before Short Term Investments (Cost $14,718,493)       12,453,230
 
Short Term Investments 15.0%        
Foreign Government and Agency Securities 2.4%        
Indonesia 0.4%        
iIndonesia Treasury Bills, 1/07/16 - 2/04/16 871,000,000   IDR 63,541
Malaysia 1.5%        
Government of Malaysia,        
3.835%, 8/12/15 120,000   MYR 32,788
3.197%, 10/15/15 320,000   MYR 87,348
iMalaysia Treasury Bills, 6/05/15 - 1/22/16 470,000   MYR 127,347
        247,483
Mexico 0.3%        
iMexico Treasury Bills, 6/25/15 - 3/31/16 83,250 j MXN 53,508
Philippines 0.2%        
iPhilippine Treasury Bills, 7/08/15 - 3/02/16 1,800,000   PHP 40,260
Uruguay 0.0%†        
iUruguay Treasury Bills, 1/04/16 - 4/11/16 50,000   UYU 1,721
Total Foreign Government and Agency Securities (Cost $415,913)       406,513
Total Investments before Money Market Funds (Cost $15,134,406)       12,859,743
  Shares      
Money Market Funds (Cost $2,143,233) 12.6%        
United States 12.6%        
k,lInstitutional Fiduciary Trust Money Market Portfolio 2,143,233     2,143,233

 

 

Templeton Income Trust    
 
Statement of Investments, May 31, 2015 (unaudited) (continued)    
Total Investments (Cost $17,277,639) 88.6%   15,002,976
Other Assets, less Liabilities 11.4%   1,925,782
Net Assets 100.0% $ 16,928,758

 

†Rounds to less than 0.1% of net assets.
*The principal amount is stated in U.S. dollars unless otherwise indicated.
aPrincipal amount is stated in 1,000 Brazilian Real Units.
bRedemption price at maturity is adjusted for inflation.
cSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers
or in a public offering registered under the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Trust's Board of Trustees. At
May 31, 2015, the aggregate value of these securities was $4,339,451, representing 25.63% of net assets.
dPrincipal amount is stated in 100 Mexican Peso Units.
ePrincipal amount of security is adjusted for inflation.
fSee Note 6 regarding restricted securities.
gIncome may be received in additional securities and/or cash.
hSecurity 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. This security has been deemed liquid under guidelines approved by the Trust's Board of Trustees.
iThe security is traded on a discount basis with no stated coupon rate.
jPrincipal amount is stated in 10 Mexican Peso Units.
kNon-income producing.
lInstitutional Fiduciary Trust Money Market Portfolio is an affiliated open-end management investment company.
mAt May 31, 2015, pursuant to the Fund's policies and the requirements of applicable securities law, the Fund may be restricted from trading these securities for a limited or
extended period of time.

At May 31, 2015, the Fund had the following forward exchange contracts outstanding. See Note 3.

Forward Exchange Contracts                    
          Contract Settlement   Unrealized   Unrealized  
Currency Counterpartya Type Quantity   Amount Date   Appreciation   Depreciation  
OTC Forward Exchange Contracts                    
Peruvian Nuevo Sol DBAB Buy 130,000 $ 45,108 6/09/15 $ - $ (3,945 )
Chilean Peso DBAB Buy 37,315,000   58,273 6/17/15   1,980   -  
Chilean Peso DBAB Buy 36,852,500   57,127 6/18/15   2,373   -  
Chilean Peso MSCO Buy 20,978,983   35,108 6/19/15   -   (1,240 )
Chilean Peso MSCO Buy 15,873,517   26,500 6/22/15   -   (882 )
Philippine Peso DBAB Buy 2,407,100   53,641 6/29/15   330   -  
Philippine Peso DBAB Buy 816,880   18,571 6/30/15   -   (257 )
Malaysian Ringgit JPHQ Buy 291,780   89,041 7/01/15   -   (9,641 )
Philippine Peso JPHQ Buy 823,000   18,814 7/01/15   -   (363 )
Malaysian Ringgit JPHQ Buy 89,250   27,249 7/02/15   -   (2,964 )
Malaysian Ringgit DBAB Buy 16,110   4,925 7/03/15   -   (542 )
Malaysian Ringgit JPHQ Buy 342,000   91,812 7/03/15   1,239   -  
Malaysian Ringgit DBAB Buy 151,500   46,354 7/07/15   -   (5,148 )
Indian Rupee JPHQ Buy 13,837,500   218,558 7/17/15   -   (3,443 )
Euro DBAB Sell 128,180   173,793 7/21/15   32,870   -  
Malaysian Ringgit HSBK Buy 356,895   109,692 7/21/15   -   (12,733 )
Euro DBAB Sell 137,450   184,403 8/13/15   33,236   -  
Chilean Peso CITI Buy 18,742,000   31,021 8/17/15   -   (937 )
Chilean Peso JPHQ Buy 18,573,000   30,768 8/17/15   -   (955 )
Philippine Peso DBAB Buy 2,407,100   53,640 9/30/15   81   -  
Malaysian Ringgit JPHQ Buy 827,050   219,144 10/01/15   4,278   -  
Euro DBAB Sell 450,800   570,172 10/02/15   73,966   -  

 

 

Templeton Income Trust                
 
Statement of Investments, May 31, 2015 (unaudited) (continued)          
South Korean Won JPHQ Buy 227,006,000 203,730 10/02/15   -   (646 )
Euro DBAB Sell 393,000 493,934 10/07/15   61,313   -  
Japanese Yen JPHQ Sell 40,000,000 369,259 10/07/15   46,341   -  
Euro DBAB Sell 155,000 168,787 10/08/15   -   (1,843 )
Japanese Yen HSBK Sell 19,800,000 183,763 10/09/15   23,913   -  
Japanese Yen BZWS Sell 10,100,000 93,799 10/13/15   12,254   -  
Japanese Yen DBAB Sell 9,900,000 91,999 10/13/15   12,068   -  
Euro DBAB Sell 100,000 127,530 10/29/15   17,406   -  
Euro DBAB Sell 118,000 150,680 10/30/15   20,731   -  
Euro DBAB Sell 59,000 74,000 11/05/15   9,018   -  
Euro BZWS Sell 100,000 125,153 11/16/15   14,994   -  
Euro CITI Sell 281,000 348,187 12/07/15   38,509   -  
Malaysian Ringgit JPHQ Buy 239,000 64,656 1/11/16   -   (572 )
Euro CITI Sell 28,594 33,537 1/20/16   1,993   -  
Euro DBAB Sell 110,000 125,505 1/29/16   4,134   -  
Euro DBAB Sell 100,000 113,630 2/03/16   3,281   -  
Japanese Yen JPHQ Sell 20,400,000 174,875 2/08/16   9,698   -  
Japanese Yen SCNY Sell 20,370,000 174,588 2/08/16   9,654   -  
Japanese Yen BZWS Sell 20,370,000 174,586 2/09/16   9,648   -  
Japanese Yen JPHQ Sell 20,420,000 174,956 2/09/16   9,612   -  
Euro BZWS Sell 367,000 400,753 4/01/16   -   (4,857 )
Japanese Yen BZWS Sell 46,442,500 390,040 4/01/16   13,396   -  
Malaysian Ringgit DBAB Buy 389,000 101,851 4/01/16   1,878   -  
Ghanaian Cedi BZWS Buy 41,344 8,759 4/08/16   -   (331 )
South Korean Won JPHQ Buy 45,013,200 40,793 5/16/16   -   (633 )
South Korean Won JPHQ Buy 44,970,700 40,879 5/18/16   -   (758 )
Euro JPHQ Sell 109,400 125,560 5/20/16   4,478   -  
South Korean Won JPHQ Buy 33,768,000 30,906 5/20/16   -   (780 )
Euro BZWS Sell 105,000 117,760 5/23/16   1,539   -  
Mexican Peso JPHQ Buy 6,083,000 385,794 5/31/16   -   (1,447 )
Totals Forward Exchange Contracts unrealized appreciation (depreciation)     $ 476,211 $ (54,917 )
Net unrealized appreciation (depreciation)         $ 421,294      
aMay be comprised of multiple contracts with the same counterparty, currency and settlement date.            

 

At May 31, 2015, the Fund had the following interest rate swap contracts outstanding. See Note 3.            
 
Interest Rate Swap Contracts                  
  Counterparty/   Notional Expiration   Unrealized   Unrealized  
Description Exchange   Amount Date   Appreciation   Depreciation  
Centrally Cleared Swap Contracts                  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 0.926% LCH $ 960,000 10/17/17 $ 583 $ -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.018% CME   520,000 8/22/23   -   (42,497 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.914% LCH   440,000 1/22/25   8,099   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.970% LCH   550,000 1/23/25   7,338   -  

 

 

Templeton Income Trust                
Statement of Investments, May 31, 2015 (unaudited) (continued)            
Receive Floating rate 3-month USD BBA LIBOR                
Pay Fixed rate 1.973% LCH 320,000 1/27/25   4,256   -  
Receive Floating rate 3-month USD BBA LIBOR                
Pay Fixed rate 1.937% LCH 80,000 1/29/25   1,341   -  
Receive Floating rate 3-month USD BBA LIBOR                
Pay Fixed rate 1.942% LCH 70,000 1/30/25   1,151   -  
Receive Floating rate 3-month USD BBA LIBOR                
Pay Fixed rate 1.817% LCH 110,000 2/03/25   3,114   -  
Receive Floating rate 3-month USD BBA LIBOR                
Pay Fixed rate 3.848% CME 300,000 8/22/43   -   (78,483 )
Receive Floating rate 3-month USD BBA LIBOR                
Pay Fixed rate 3.849% CME 300,000 12/23/43   -   (80,806 )
Totals Interest Rate Swap Contracts       $ 25,882 $ (201,786 )
Net unrealized appreciation (depreciation)           $ (175,904 )

 

ABBREVIATIONS

Counterparty/Exchange

BZWS - Barclays Bank PLC
CITI - Citibank N.A.
CME - Chicago Mercantile Exchange
DBAB - Deutsche Bank AG
HSBK - HSBC Bank PLC
JPHQ - JPMorgan Chase Bank, N.A.
LCH - London Clearing House
MSCO - Morgan Stanley and Co. Inc.
SCNY - Standard Chartered Bank

Currency

BRL - Brazilian Real
EUR - Euro
GHS - Ghanaian Cedi
HUF - Hungarian Forint
IDR - Indonesian Rupiah
KRW - South Korean Won
LKR - Sri Lankan Rupee
MXN - Mexican Peso
MYR - Malaysian Ringgit
NGN - Nigerian Naira
PHP - Philippine Peso
RSD - Serbian Dinar
UYU - Uruguayan Peso

Selected Portfolio

FRN - Floating Rate Note
PIK - Payment-In-Kind

 

Templeton Income Trust          
 
Statement of Investments, May 31, 2015 (unaudited)          
 
 
Templeton Global Bond Fund Principal Amount*       Value
Foreign Government and Agency Securities 53.4%          
Brazil 4.2%          
Letra Tesouro Nacional, Strip,          
1/01/16 559,730 a BRL $ 162,648,520
1/01/17 988,370 a BRL   254,265,451
1/01/18 615,590 a BRL   141,618,727
Nota Do Tesouro Nacional,          
10.00%, 1/01/21 195,750 a BRL   55,949,903
10.00%, 1/01/23 744,290 a BRL   209,217,630
bIndex Linked, 6.00%, 5/15/17 4,429 a BRL   3,643,781
bIndex Linked, 6.00%, 5/15/19 458,561 a BRL   374,922,405
bIndex Linked, 6.00%, 8/15/20 39,290 a BRL   32,110,812
bIndex Linked, 6.00%, 8/15/22 1,050,004 a BRL   858,808,335
bIndex Linked, 6.00%, 5/15/23 379,926 a BRL   311,641,831
bIndex Linked, 6.00%, 8/15/24 252,192 a BRL   210,264,552
bIndex Linked, 6.00%, 8/15/50 133,230 a BRL   112,068,497
senior note, 10.00%, 1/01/19 569,840 a BRL   166,566,288
          2,893,726,732
Hungary 6.4%          
Government of Hungary,          
4.125%, 2/19/18 136,990,000       143,579,219
4.00%, 4/25/18 25,821,730,000   HUF   96,554,547
6.00%, 1/11/19 179,922,000   EUR   230,928,878
6.50%, 6/24/19 74,957,040,000   HUF   305,833,456
7.50%, 11/12/20 21,125,910,000   HUF   91,820,569
5.375%, 2/21/23 252,890,000       280,202,120
A, 6.75%, 11/24/17 110,833,790,000   HUF   440,976,451
A, 5.50%, 12/20/18 38,023,730,000   HUF   149,665,287
A, 7.00%, 6/24/22 39,464,430,000   HUF   172,838,540
A, 6.00%, 11/24/23 47,097,950,000   HUF   200,020,501
B, 6.75%, 2/24/17 45,802,050,000   HUF   176,749,552
B, 5.50%, 6/24/25 15,576,440,000   HUF   65,009,701
senior note, 6.25%, 1/29/20 390,004,000       444,255,506
senior note, 6.375%, 3/29/21 927,200,000       1,073,998,940
senior note, 5.375%, 3/25/24 83,320,000       92,648,507
csenior note, Reg S, 3.50%, 7/18/16 11,765,000   EUR   13,333,848
csenior note, Reg S, 4.375%, 7/04/17 104,973,000   EUR   123,375,791
csenior note, Reg S, 5.75%, 6/11/18 143,730,000   EUR   179,685,119
csenior note, Reg S, 3.875%, 2/24/20 41,781,000   EUR   51,158,522
          4,332,635,054
Iceland 0.3%          
dGovernment of Iceland, 144A, 5.875%, 5/11/22 173,200,000       199,447,594
 
India 2.2%          
Government of India,          
senior bond, 7.80%, 5/03/20 14,439,400,000   INR   226,160,409
senior bond, 8.28%, 9/21/27 4,362,400,000   INR   70,124,225
senior bond, 8.60%, 6/02/28 14,975,000,000   INR   248,770,496
senior note, 7.28%, 6/03/19 561,300,000   INR   8,666,451
senior note, 8.12%, 12/10/20 10,842,300,000   INR   172,128,146
senior note, 8.35%, 5/14/22 4,260,400,000   INR   68,297,466
senior note, 7.16%, 5/20/23 4,378,700,000   INR   65,744,040
senior note, 8.83%, 11/25/23 37,754,900,000   INR   625,747,904
          1,485,639,137
Indonesia 2.5%          
Government of Indonesia,          
7.875%, 4/15/19 612,998,000,000   IDR   46,239,052
8.375%, 3/15/34 2,917,910,000,000   IDR   221,204,131
FR27, 9.50%, 6/15/15 55,210,000,000   IDR   4,183,897
FR28, 10.00%, 7/15/17 104,700,000,000   IDR   8,271,488

 

Quarterly Statement of Investments | See Notes to Statements of Investments.

 

Templeton Income Trust        
 
Statement of Investments, May 31, 2015 (unaudited) (continued)        
FR30, 10.75%, 5/15/16 185,655,000,000   IDR 14,497,205
FR31, 11.00%, 11/15/20 919,348,000,000   IDR 78,643,050
FR32, 15.00%, 7/15/18 1,150,000,000   IDR 103,998
FR34, 12.80%, 6/15/21 1,522,849,000,000   IDR 141,224,600
FR35, 12.90%, 6/15/22 816,108,000,000   IDR 77,158,115
FR36, 11.50%, 9/15/19 437,062,000,000   IDR 37,263,294
FR37, 12.00%, 9/15/26 66,550,000,000   IDR 6,391,296
FR39, 11.75%, 8/15/23 556,845,000,000   IDR 51,004,106
FR40, 11.00%, 9/15/25 710,760,000,000   IDR 63,959,800
FR42, 10.25%, 7/15/27 818,390,000,000   IDR 71,183,317
FR43, 10.25%, 7/15/22 337,191,000,000   IDR 28,309,612
FR44, 10.00%, 9/15/24 197,824,000,000   IDR 16,679,807
FR46, 9.50%, 7/15/23 2,825,220,000,000   IDR 230,040,431
FR47, 10.00%, 2/15/28 1,854,867,000,000   IDR 158,499,683
FR48, 9.00%, 9/15/18 341,640,000,000   IDR 26,690,352
FR52, 10.50%, 8/15/30 896,704,000,000   IDR 80,183,989
senior bond, FR53, 8.25%, 7/15/21 128,956,000,000   IDR 9,860,492
senior note, 8.50%, 10/15/16 70,944,000,000   IDR 5,439,901
senior note, FR70, 8.375%, 3/15/24 3,894,190,000,000   IDR 298,896,217
        1,675,927,833
Ireland 1.4%        
Government of Ireland, senior bond, 5.40%, 3/13/25 612,637,230   EUR 933,898,011
 
Lithuania 0.6%        
dGovernment of Lithuania, 144A,        
7.375%, 2/11/20 259,310,000     315,515,442
6.125%, 3/09/21 101,430,000     119,592,056
        435,107,498
Malaysia 2.2%        
Government of Malaysia,        
4.72%, 9/30/15 2,501,900,000   MYR 686,239,329
senior bond, 4.262%, 9/15/16 1,021,117,000   MYR 282,349,785
senior note, 3.172%, 7/15/16 1,827,250,000   MYR 498,604,207
        1,467,193,321
Mexico 5.9%        
Government of Mexico,        
6.00%, 6/18/15 100,089,240 e MXN 651,079,060
8.00%, 12/17/15 223,461,510 e MXN 1,489,220,836
6.25%, 6/16/16 93,478,050 e MXN 624,425,723
7.25%, 12/15/16 140,065,800 e MXN 956,108,649
fMexican Udibonos, Index Linked,        
5.00%, 6/16/16 13,627,601 g MXN 92,726,023
3.50%, 12/14/17 11,546,343 g MXN 79,545,596
4.00%, 6/13/19 7,223,599 g MXN 50,792,299
2.50%, 12/10/20 5,783,619 g MXN 37,964,424
        3,981,862,610
Peru 0.1%        
Government of Peru, senior bond, 7.84%, 8/12/20 184,399,000   PEN 65,844,305
 
Philippines 0.7%        
Government of the Philippines,        
4.625%, 11/25/15 1,756,700,000   PHP 39,730,992
senior bond, 9.125%, 9/04/16 619,630,000   PHP 14,814,649
senior note, 1.625%, 4/25/16 20,605,740,000   PHP 459,953,292
        514,498,933
Poland 6.6%        
Government of Poland,        
6.25%, 10/24/15 5,168,683,000   PLN 1,406,149,368
5.00%, 4/25/16 2,472,048,000   PLN 680,046,811
4.75%, 10/25/16 3,039,400,000   PLN 845,979,257
4.75%, 4/25/17 285,830,000   PLN 80,586,902
5.75%, 9/23/22 495,970,000   PLN 158,813,480
hFRN, 2.01%, 1/25/17 2,005,988,000   PLN 535,901,863

 

 

Templeton Income Trust      
 
Statement of Investments, May 31, 2015 (unaudited) (continued)      
hFRN, 2.01%, 1/25/21 1,721,975,000 PLN 455,717,198
senior note, 6.375%, 7/15/19 297,700,000   347,674,899
      4,510,869,778
Portugal 2.4%      
Government of Portugal,      
d144A, 5.125%, 10/15/24 585,500,000   624,781,195
cReg S, 3.875%, 2/15/30 820,750,000 EUR 995,535,917
csenior bond, Reg S, 4.95%, 10/25/23 5,772,600 EUR 7,661,027
csenior note, Reg S, 5.65%, 2/15/24 14,427,600 EUR 19,969,856
      1,647,947,995
Serbia 0.8%      
dGovernment of Serbia, senior note, 144A,      
5.25%, 11/21/17 100,490,000   104,565,874
4.875%, 2/25/20 190,710,000   196,577,193
7.25%, 9/28/21 211,710,000   243,908,974
      545,052,041
Singapore 0.4%      
Government of Singapore, senior note, 1.125%, 4/01/16 328,050,000 SGD 243,750,044
 
Slovenia 1.4%      
dGovernment of Slovenia, senior note, 144A,      
5.50%, 10/26/22 397,289,000   452,762,463
5.85%, 5/10/23 408,080,000   476,731,298
      929,493,761
South Korea 11.8%      
Government of Korea, senior bond, 5.625%, 11/03/25 13,150,000   16,594,051
Korea Monetary Stabilization Bond,      
senior bond, 2.80%, 8/02/15 371,739,100,000 KRW 334,281,256
senior bond, 2.81%, 10/02/15 152,005,000,000 KRW 136,949,528
senior bond, 1.96%, 2/02/17 337,287,200,000 KRW 303,939,041
senior note, 2.76%, 6/02/15 1,835,253,600,000 KRW 1,647,297,020
senior note, 2.90%, 12/02/15 1,159,921,000,000 KRW 1,047,481,274
senior note, 2.78%, 2/02/16 805,900,480,000 KRW 728,601,004
senior note, 2.80%, 4/02/16 66,000,000,000 KRW 59,789,268
senior note, 2.79%, 6/02/16 172,039,000,000 KRW 156,115,397
senior note, 2.46%, 8/02/16 407,886,800,000 KRW 369,298,465
senior note, 2.22%, 10/02/16 216,924,000,000 KRW 196,015,108
senior note, 2.07%, 12/02/16 677,869,000,000 KRW 611,646,418
Korea Treasury Bond,      
senior bond, 5.25%, 9/10/15 26,000,000,000 KRW 23,560,022
senior bond, 4.00%, 3/10/16 798,759,900,000 KRW 729,587,373
senior bond, 5.00%, 9/10/16 175,000,000,000 KRW 163,511,828
senior note, 3.25%, 6/10/15 239,917,540,000 KRW 215,411,547
senior note, 4.00%, 9/10/15 82,830,000,000 KRW 74,808,850
senior note, 2.75%, 6/10/16 432,225,200,000 KRW 392,104,026
senior note, 3.00%, 12/10/16 914,279,640,000 KRW 836,401,300
      8,043,392,776
Sri Lanka 1.1%      
Government of Sri Lanka,      
8.00%, 1/01/17 476,700,000 LKR 3,623,400
8.25%, 3/01/17 907,610,000 LKR 6,927,333
8.00%, 6/15/17 557,250,000 LKR 4,236,389
10.60%, 7/01/19 7,357,980,000 LKR 59,734,168
10.60%, 9/15/19 18,459,660,000 LKR 150,394,570
8.00%, 11/01/19 557,250,000 LKR 4,166,650
11.20%, 7/01/22 1,288,300,000 LKR 10,975,066
A, 6.50%, 7/15/15 3,488,190,000 LKR 26,042,853
A, 11.00%, 8/01/15 15,208,000,000 LKR 114,326,707
A, 8.50%, 11/01/15 2,571,370,000 LKR 19,339,581
A, 6.40%, 8/01/16 2,094,100,000 LKR 15,618,704
A, 5.80%, 1/15/17 2,419,800,000 LKR 17,799,254
A, 7.50%, 8/15/18 1,127,970,000 LKR 8,362,593
A, 8.00%, 11/15/18 6,671,840,000 LKR 50,072,657

 

 

Templeton Income Trust      
 
Statement of Investments, May 31, 2015 (unaudited) (continued)      
A, 9.00%, 5/01/21 10,254,020,000 LKR 78,444,400
B, 11.00%, 9/01/15 3,443,800,000 LKR 25,988,354
B, 6.40%, 10/01/16 1,421,400,000 LKR 10,574,155
B, 5.80%, 7/15/17 810,400,000 LKR 5,895,479
B, 8.50%, 7/15/18 1,975,710,000 LKR 15,091,844
C, 8.50%, 4/01/18 7,340,380,000 LKR 56,057,223
D, 8.50%, 6/01/18 7,532,460,000 LKR 57,509,208
      741,180,588
iSupranational 0.3%      
Inter-American Development Bank, senior note, 7.50%, 12/05/24 2,473,000,000 MXN 184,229,625
 
Ukraine 2.1%      
dGovernment of Ukraine,      
144A, 6.875%, 9/23/15 10,500,000   5,473,125
144A, 9.25%, 7/24/17 707,200,000   342,108,000
144A, 7.75%, 9/23/20 181,290,000   86,706,475
senior bond, 144A, 6.58%, 11/21/16 135,700,000   66,238,563
senior bond, 144A, 7.80%, 11/28/22 572,565,000   276,262,612
senior note, 144A, 4.95%, 10/13/15 50,870,000 EUR 28,955,821
senior note, 144A, 6.25%, 6/17/16 349,346,000   168,341,104
senior note, 144A, 6.75%, 11/14/17 82,883,000   40,198,255
senior note, 144A, 7.95%, 2/23/21 554,350,000   267,127,406
senior note, 144A, 7.50%, 4/17/23 273,808,000   143,749,200
      1,425,160,561
Total Foreign Government and Agency Securities (Cost $39,965,989,716)     36,256,858,197
Quasi-Sovereign and Corporate Bonds 1.3%      
Hungary 0.4%      
dHungarian Development Bank, senior note, 144A, 6.25%, 10/21/20 250,000,000   281,680,000
 
India 0.7%      
Food Corp. of India, secured note, 6, 9.95%, 3/07/22 22,550,000,000 INR 386,589,368
Mahanagar Telephone Nigam Ltd.,      
8.24%, 11/19/24 3,350,000,000 INR 53,626,067
8.29%, 11/28/24 3,050,000,000 INR 49,149,096
      489,364,531
South Korea 0.0%†      
The Export-Import Bank of Korea, senior note, 4.625%, 2/20/17 14,090,000 EUR 16,591,538
 
Ukraine 0.2%      
dFinancing of Infrastructure Projects State Enterprise, 144A,      
8.375%, 11/03/17 23,747,000   10,954,729
7.40%, 4/20/18 238,810,000   109,554,087
      120,508,816
Total Quasi-Sovereign and Corporate Bonds (Cost $1,013,809,059)     908,144,885
Total Investments before Short Term Investments (Cost $40,979,798,775)     37,165,003,082
 
 
Short Term Investments 34.8%      
Foreign Government and Agency Securities 12.1%      
Hungary 0.0%†      
jHungary Treasury Bill, 9/16/15 4,151,970,000 HUF 14,694,934
Indonesia 0.2%      
jIndonesia Treasury Bills, 1/07/16 - 2/04/16 1,468,689,000,000 IDR 107,143,388
Malaysia 3.4%      
jBank of Negara Monetary Notes, 6/03/15 - 11/24/15 6,862,784,000 MYR 1,854,530,384
Government of Malaysia,      
3.835%, 8/12/15 771,220,000 MYR 210,723,688
3.197%, 10/15/15 660,315,000 MYR 180,240,505

 

 

Templeton Income Trust        
Statement of Investments, May 31, 2015 (unaudited) (continued)        
jMalaysia Treasury Bills, 6/05/15 - 4/29/16 212,080,000   MYR 57,201,942
        2,302,696,519
Mexico 3.2%        
jMexico Treasury Bills, 6/11/15 - 4/14/16 3,396,192,880 k MXN 2,177,750,710
Philippines 0.4%        
jPhilippine Treasury Bills, 6/03/15 - 3/02/16 12,196,040,000   PHP 271,899,845
Singapore 3.2%        
jMonetary Authority of Singapore Treasury Bills,        
7/03/15 1,839,790,000   SGD 1,363,768,646
6/26/15 - 8/21/15 1,069,080,000   SGD 792,250,440
        2,156,019,086
South Korea 1.7%        
Korea Monetary Stabilization Bond, senior note,        
2.13%, 10/08/15 223,563,600,000   KRW 200,988,304
1.92%, 3/09/16 15,612,800,000   KRW 14,039,188
1.74%, 5/09/16 232,085,700,000   KRW 208,420,501
jKorea Monetary Stabilization Bonds, 7/07/15 - 10/06/15 844,177,700,000   KRW 755,482,037
        1,178,930,030
Total Foreign Government and Agency Securities (Cost $8,542,086,294)       8,209,134,512
U.S. Government and Agency Securities (Cost $1,791,941,685) 2.6%        
United States 2.6%        
jFHLB, 6/01/15 - 6/05/15 1,791,950,000     1,791,948,458
Total Investments before Money Market Funds (Cost $51,313,826,754)       47,166,086,052
  Shares      
Money Market Funds (Cost $13,658,459,346) 20.1%        
United States 20.1%        
    l,mInstitutional Fiduciary Trust Money Market Portfolio 13,658,459,346     13,658,459,346
Total Investments (Cost $64,972,286,100) 89.5%       60,824,545,398
Other Assets, less Liabilities 10.5%       7,151,239,975
Net Assets 100.0%     $ 67,975,785,373

 

† Rounds to less than 0.1% of net assets.
* The principal amount is stated in U.S. dollars unless otherwise indicated.
a Principal amount is stated in 1,000 Brazilian Real Units.
b Redemption price at maturity is adjusted for inflation.
c 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 Trust's Board of Trustees. At May 31, 2015, the aggregate value of these
securities was $1,390,720,080, representing 2.05% of net assets.
d Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers
or in a public offering registered under the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Trust's Board of Trustees. At
May 31, 2015, the aggregate value of these securities was $4,561,231,466, representing 6.71% of net assets.
e Principal amount is stated in 100 Mexican Peso Units.
f Principal amount of security is adjusted for inflation.
g Principal amount is stated in 100 Unidad de Inversion Units.
h The coupon rate shown represents the rate at period end.
i A supranational organization is an entity formed by two or more central governments through international treaties.
j The security is traded on a discount basis with no stated coupon rate.
k Principal amount is stated in 10 Mexican Peso Units.
l Non-income producing.
m Institutional Fiduciary Trust Money Market Portfolio is an affiliated open-end management investment company.

 

Templeton Income Trust

Statement of Investments, May 31, 2015 (unaudited) (continued)

At May 31, 2015, the Fund had the following forward exchange contracts outstanding. See Note 3.            
 
Forward Exchange Contracts                    
        Contract   Settlement   Unrealized   Unrealized  
Currency Counterpartya Type Quantity Amount*   Date   Appreciation   Depreciation  
OTC Forward Exchange Contracts                    
Euro GSCO Buy 203,544,000 221,761,188   6/01/15 $ 1,860,880 $ -  
Euro GSCO Sell 203,544,000 276,959,268   6/01/15   53,337,199   -  
Chilean Peso MSCO Buy 26,179,074,000 46,103,718   6/02/15   -   (3,765,615 )
Chilean Peso MSCO Sell 26,179,074,000 42,395,262   6/02/15   57,159   -  
Indian Rupee JPHQ Buy 7,341,887,767 115,338,744   6/02/15   -   (242,891 )
Indian Rupee JPHQ Sell 7,341,887,767 114,896,522   6/02/15   -   (199,331 )
Chilean Peso JPHQ Buy 31,264,830,000 55,092,211   6/03/15   -   (4,534,459 )
Chilean Peso JPHQ Sell 31,264,830,000 50,795,825   6/03/15   238,072   -  
Indian Rupee HSBK Buy 3,044,997,250 48,475,639   6/03/15   -   (748,908 )
Chilean Peso BZWS Buy 30,271,200,000 53,266,233   6/04/15   -   (4,320,378 )
Chilean Peso MSCO Buy 24,383,100,000 39,201,125   6/04/15   224,192   -  
Chilean Peso DBAB Buy 69,519,709,800 119,341,514   6/05/15   -   (6,946,041 )
Chilean Peso MSCO Buy 12,816,000,000 22,454,665   6/05/15   -   (1,734,492 )
Euro BZWS Sell 165,594,422 225,531,323   6/05/15   43,592,910   -  
Chilean Peso DBAB Buy 38,524,135,000 62,674,146   6/08/15   -   (410,067 )
Chilean Peso MSCO Buy 31,194,000,000 51,246,652   6/08/15   -   (829,798 )
Euro DBAB Sell 196,930,000 268,559,349   6/08/15   52,184,221   -  
Euro HSBK Sell 406,025,025 528,782,631   6/08/15   82,666,160   -  
Indian Rupee JPHQ Buy 5,912,162,767 92,955,611   6/08/15   -   (371,683 )
Malaysian Ringgit DBAB Buy 28,167,000 8,523,831   6/08/15   -   (845,342 )
Malaysian Ringgit DBAB Sell 28,167,000 7,714,239   6/08/15   35,750   -  
Mexican Peso CITI Buy 1,672,699,230 125,598,765   6/08/15   -   (17,024,233 )
Polish Zloty DBAB Buy 354,200,000 83,640,314 EUR 6/08/15   2,694,676   -  
Euro GSCO Sell 102,043,700 139,172,300   6/09/15   27,051,229   -  
Hungarian Forint DBAB Buy 11,159,470,000 36,269,257 EUR 6/09/15   -   (211,499 )
Indian Rupee DBAB Buy 2,510,663,000 40,020,579   6/09/15   -   (710,803 )
Japanese Yen CITI Sell 28,538,800,000 279,430,541   6/09/15   49,437,771   -  
Japanese Yen HSBK Sell 42,738,600,000 418,419,275   6/09/15   73,991,024   -  
Mexican Peso CITI Buy 1,670,822,000 125,980,924   6/09/15   -   (17,536,338 )
Polish Zloty DBAB Buy 52,182,000 12,717,391 EUR 6/09/15   -   (37,821 )
Singapore Dollar DBAB Buy 150,355,000 119,656,997   6/09/15   -   (8,159,657 )
Singapore Dollar GSCO Buy 87,786,250 69,915,777   6/09/15   -   (4,816,955 )
Chilean Peso CITI Buy 20,803,900,000 32,948,844   6/10/15   668,133   -  
Chilean Peso MSCO Buy 24,865,500,000 39,339,166   6/10/15   840,942   -  
Japanese Yen BZWS Sell 35,594,850,000 348,601,719   6/10/15   61,740,525   -  
Japanese Yen CITI Sell 12,207,090,000 119,370,734   6/10/15   20,993,008   -  
Japanese Yen HSBK Sell 37,908,340,000 371,397,332   6/10/15   65,891,573   -  
Japanese Yen DBAB Sell 12,553,300,000 122,902,878   6/11/15   21,733,588   -  
Polish Zloty BZWS Buy 52,182,000 12,614,555 EUR 6/11/15   74,008   -  
Polish Zloty CITI Buy 61,037,800 14,589,779 EUR 6/11/15   268,516   -  
Polish Zloty DBAB Buy 52,182,000 12,619,589 EUR 6/11/15   68,477   -  
Chilean Peso DBAB Buy 42,442,897,000 69,209,779   6/12/15   -   (640,723 )
Euro GSCO Sell 104,415,800 141,660,916   6/12/15   26,929,059   -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Mexican Peso CITI Buy 3,397,747,360 254,094,179   6/12/15 - (33,612,993 )
Polish Zloty DBAB Buy 312,838,000 74,687,963 EUR 6/12/15 1,470,837 -  
Euro DBAB Sell 70,474,000 95,518,345   6/15/15 18,078,677 -  
Indian Rupee JPHQ Buy 5,912,162,767 94,058,845   6/15/15 - (1,589,796 )
Mexican Peso CITI Buy 1,460,250,600 109,324,744   6/15/15 - (14,589,706 )
Singapore Dollar JPHQ Buy 135,883,000 103,569,360   6/15/15 - (2,818,453 )
Malaysian Ringgit JPHQ Buy 140,706,364 39,657,938   6/16/15 - (1,323,970 )
Malaysian Ringgit JPHQ Sell 140,706,364 38,754,610   6/16/15 420,642 -  
Polish Zloty MSCO Buy 267,265,000 65,185,472 EUR 6/16/15 - (269,249 )
Singapore Dollar DBAB Buy 150,260,000 108,100,719   6/16/15 3,307,378 -  
Chilean Peso DBAB Buy 13,621,865,000 21,272,531   6/17/15 722,923 -  
Japanese Yen CITI Sell 4,208,470,000 41,368,203   6/17/15 7,448,503 -  
Chilean Peso DBAB Buy 13,453,500,000 20,854,906   6/18/15 866,417 -  
Chilean Peso JPHQ Buy 37,392,177,200 58,107,501   6/18/15 2,263,969 -  
Chilean Peso MSCO Buy 42,667,479,438 69,699,667   6/19/15 876,825 (1,694,984 )
Malaysian Ringgit JPHQ Buy 159,282,000 44,918,782   6/19/15 - (1,534,005 )
Malaysian Ringgit JPHQ Sell 159,282,000 43,860,007   6/19/15 475,230 -  
Chilean Peso BZWS Buy 1,883,586,000 3,114,652   6/22/15 - (74,782 )
Chilean Peso JPHQ Buy 18,232,450,000 30,216,192   6/22/15 - (791,312 )
Chilean Peso MSCO Buy 35,967,100,562 59,623,402   6/22/15 - (1,577,028 )
Euro BZWS Sell 19,959,932 27,153,990   6/22/15 5,219,239 -  
Japanese Yen DBAB Sell 24,749,910,000 243,051,262   6/22/15 43,556,184 -  
Mexican Peso CITI Buy 1,314,260,000 98,167,015   6/22/15 - (12,947,752 )
Singapore Dollar HSBK Buy 163,895,000 124,739,326   6/22/15 - (3,239,322 )
Chilean Peso DBAB Buy 20,283,160,000 31,419,967   6/23/15 1,311,084 -  
Malaysian Ringgit HSBK Buy 167,392,229 47,095,695   6/23/15 - (1,515,782 )
Indian Rupee JPHQ Buy 5,438,122,010 84,784,396   6/29/15 58,025 -  
Indian Rupee HSBK Buy 6,669,238,000 104,602,700   6/30/15 - (573,789 )
Japanese Yen BZWS Sell 11,637,164,000 114,847,045   6/30/15 21,036,218 -  
Indian Rupee DBAB Buy 7,909,375,896 123,608,141   7/06/15 - (382,011 )
Chilean Peso DBAB Buy 23,157,342,000 36,713,397   7/07/15 603,570 -  
Malaysian Ringgit HSBK Buy 497,925,000 152,303,245   7/07/15 - (16,873,518 )
Philippine Peso HSBK Buy 2,511,000,000 57,381,170   7/07/15 - (1,103,939 )
Malaysian Ringgit DBAB Buy 108,664,680 30,030,311   7/08/15 - (477,238 )
Malaysian Ringgit DBAB Sell 108,664,680 30,046,918   7/08/15 493,845 -  
Indian Rupee DBAB Buy 1,979,778,000 31,294,851   7/09/15 - (468,743 )
Chilean Peso DBAB Buy 24,066,765,000 42,240,921   7/10/15 - (3,469,771 )
Euro JPHQ Sell 117,193,824 159,691,820   7/10/15 30,869,046 -  
Mexican Peso CITI Buy 3,482,973,187 261,621,963   7/10/15 - (36,084,620 )
Chilean Peso DBAB Buy 11,693,890,000 18,943,609   7/13/15 - (110,442 )
Malaysian Ringgit DBAB Buy 1,263,085,810 320,718,536 EUR 7/13/15 - (9,184,826 )
Mexican Peso CITI Buy 2,335,652,631 157,690,771   7/13/15 - (6,481,589 )
Chilean Peso MSCO Buy 21,847,300,000 34,846,957   7/15/15 331,576 -  
Indian Rupee DBAB Buy 2,891,384,000 45,694,797   7/15/15 - (728,032 )
Malaysian Ringgit JPHQ Buy 1,281,008,255 295,907,625 EUR 7/15/15 22,894,075 -  
Euro BZWS Sell 100,903,000 137,819,372   7/16/15 26,893,622 -  
Euro GSCO Sell 91,986,000 125,594,005   7/16/15 24,470,986 -  
Euro MSCO Sell 100,845,000 137,689,729   7/16/15 26,827,741 -  
Japanese Yen HSBK Sell 12,607,090,000 108,606,909   7/16/15 6,957,953 -  
Japanese Yen SCNY Sell 10,082,050,000 86,488,492   7/16/15 5,198,531 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Indian Rupee JPHQ Buy 7,481,629,900 118,169,683   7/17/15 - (1,861,540 )
Chilean Peso DBAB Buy 20,505,700,000 32,956,766   7/20/15 45,492 -  
Euro BZWS Sell 158,260,000 214,557,830   7/20/15 40,566,996 -  
Euro GSCO Sell 91,986,000 124,771,650   7/20/15 23,642,364 -  
Indian Rupee DBAB Buy 4,833,959,000 76,287,525   7/20/15 - (1,184,222 )
Malaysian Ringgit JPHQ Buy 1,232,791,836 290,885,886 EUR 7/20/15 15,146,042 -  
Japanese Yen DBAB Sell 25,032,090,000 215,264,995   7/21/15 13,423,299 -  
Japanese Yen HSBK Sell 10,034,848,500 86,131,603   7/21/15 5,217,430 -  
Euro DBAB Sell 87,055,000 118,037,875   7/22/15 22,326,757 -  
Euro MSCO Sell 94,240,000 127,576,458   7/22/15 23,965,916 -  
Indian Rupee DBAB Buy 725,918,000 11,425,788   7/22/15 - (151,948 )
Indian Rupee JPHQ Buy 3,511,942,000 55,303,299   7/22/15 - (761,230 )
Malaysian Ringgit DBAB Buy 193,897,100 59,614,789   7/22/15 - (6,942,249 )
Malaysian Ringgit DBAB Sell 193,897,100 53,547,943   7/22/15 875,403 -  
Euro DBAB Sell 89,314,817 120,992,996   7/23/15 22,795,841 -  
Singapore Dollar JPHQ Buy 136,940,000 102,446,323   7/23/15 - (1,004,590 )
Japanese Yen CITI Sell 14,729,205,625 145,744,252   7/24/15 26,973,768 -  
Chilean Peso JPHQ Buy 13,842,935,000 22,232,289   7/27/15 31,657 -  
Euro DBAB Sell 57,486,735 77,524,311   7/27/15 14,316,616 -  
Euro GSCO Sell 53,052,700 71,576,050   7/27/15 13,243,656 -  
Indian Rupee DBAB Buy 3,034,046,000 47,233,533   7/27/15 - (159,953 )
Indian Rupee JPHQ Buy 2,855,265,000 44,477,997   7/27/15 - (178,225 )
Japanese Yen JPHQ Sell 7,902,175,000 78,192,905   7/27/15 14,470,630 -  
Malaysian Ringgit DBAB Buy 6,261,000 1,935,933   7/27/15 - (235,820 )
Malaysian Ringgit DBAB Sell 6,261,000 1,728,603   7/27/15 28,490 -  
Chilean Peso DBAB Buy 17,914,400,000 30,831,082   7/28/15 - (2,021,690 )
Chilean Peso MSCO Buy 30,202,971,000 51,963,833   7/28/15 - (3,392,336 )
Euro BZWS Sell 69,060,000 93,157,106   7/28/15 17,223,221 -  
Euro CITI Sell 97,037,945 130,897,395   7/28/15 24,200,782 -  
Euro GSCO Sell 236,417,000 319,049,470   7/28/15 59,100,713 -  
Euro BZWS Sell 8,238,187 11,091,071   7/29/15 2,032,761 -  
Euro DBAB Sell 2,245,099 3,024,463   7/29/15 555,861 -  
Japanese Yen BZWS Sell 13,069,570,000 128,824,524   7/29/15 23,430,367 -  
Chilean Peso JPHQ Buy 23,075,040,000 39,654,649   7/30/15 - (2,553,034 )
Malaysian Ringgit JPHQ Buy 6,585,000 2,036,178   7/30/15 - (248,521 )
Mexican Peso CITI Buy 1,772,466,150 133,093,009   7/30/15 - (18,489,582 )
Chilean Peso DBAB Buy 10,855,470,000 18,666,443   7/31/15 - (1,213,919 )
Chilean Peso JPHQ Buy 24,540,000,000 42,172,195   7/31/15 - (2,718,818 )
Euro JPHQ Sell 236,418,000 317,854,544   7/31/15 57,893,000 -  
Indian Rupee DBAB Buy 4,774,662,292 74,065,388   7/31/15 - (39,616 )
Malaysian Ringgit HSBK Buy 31,057,000 9,561,295   7/31/15 - (1,130,805 )
Euro DBAB Sell 72,100,000 96,714,940   8/03/15 17,431,340 -  
Chilean Peso DBAB Buy 21,710,940,000 36,823,168   8/04/15 - (1,931,209 )
Euro BZWS Sell 21,388,935 28,689,727   8/04/15 5,169,378 -  
Euro HSBK Sell 236,418,000 317,278,866   8/04/15 57,301,736 -  
Mexican Peso CITI Buy 2,260,406,280 166,905,876   8/04/15 - (20,802,608 )
Chilean Peso BZWS Buy 36,205,800,000 58,713,695   8/05/15 - (532,296 )
Chilean Peso JPHQ Buy 13,008,500,000 22,044,569   8/05/15 - (1,140,384 )
Euro BZWS Sell 202,258,000 271,890,373   8/05/15 49,473,964 -  
Euro JPHQ Buy 254,839,100 297,369,197   8/05/15 - (17,131,098 )

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Euro JPHQ Sell 254,839,100 342,595,492   8/05/15 62,357,394 -  
Euro MSCO Sell 8,856,901 11,903,232   8/05/15 2,163,592 -  
Indian Rupee HSBK Buy 3,044,997,250 47,332,177   8/05/15 - (164,356 )
Chilean Peso DBAB Buy 35,759,440,000 59,013,893   8/06/15 - (1,555,164 )
Malaysian Ringgit HSBK Buy 518,518,000 158,645,821   8/06/15 - (17,960,952 )
Malaysian Ringgit JPHQ Buy 13,600,000 4,189,127   8/06/15 - (499,160 )
Singapore Dollar DBAB Buy 139,923,000 112,406,009   8/06/15 - (8,785,439 )
Japanese Yen MSCO Sell 1,969,700,000 19,250,391   8/07/15 3,364,759 -  
Mexican Peso CITI Buy 1,374,921,000 101,112,002   8/07/15 - (12,260,769 )
Euro CITI Sell 188,712,223 252,398,836   8/10/15 44,862,715 -  
Malaysian Ringgit DBAB Buy 1,282,011,906 311,110,549 EUR 8/10/15 5,581,326 -  
Malaysian Ringgit HSBK Buy 137,320,000 37,912,755   8/10/15 - (666,935 )
Mexican Peso CITI Buy 1,151,722,000 84,838,275   8/10/15 - (10,425,812 )
South Korean Won HSBK Buy 184,000,000,000 19,661,795,741 JPY 8/10/15 6,215,398 -  
Chilean Peso BZWS Buy 20,031,600,000 33,760,175   8/11/15 - (1,588,220 )
Chilean Peso MSCO Buy 27,899,910,000 45,264,873   8/11/15 - (455,938 )
Euro DBAB Sell 226,679,000 303,739,659   8/11/15 54,445,869 -  
Euro JPHQ Sell 295,609,000 395,931,304   8/11/15 70,830,663 -  
Indian Rupee HSBK Buy 4,080,336,000 62,697,234   8/11/15 441,753 -  
Japanese Yen CITI Sell 8,636,095,000 84,771,485   8/11/15 15,117,867 -  
Malaysian Ringgit DBAB Buy 200,633,268 61,275,164   8/11/15 - (6,861,026 )
Malaysian Ringgit DBAB Sell 200,633,268 55,331,844   8/11/15 917,707 -  
Malaysian Ringgit HSBK Buy 82,678,945 25,244,709   8/11/15 - (2,821,192 )
Mexican Peso MSCO Buy 1,342,789,000 98,862,004   8/11/15 - (12,110,590 )
Singapore Dollar HSBK Buy 139,904,000 103,624,917   8/11/15 - (28,647 )
Chilean Peso DBAB Buy 34,042,673,000 55,967,653   8/12/15 - (1,298,192 )
Euro BZWS Sell 28,000,000 37,576,560   8/12/15 6,782,659 -  
Euro GSCO Sell 171,944,000 230,876,087   8/12/15 41,775,137 -  
Indian Rupee DBAB Buy 4,385,197,150 67,278,985   8/12/15 565,516 -  
Indian Rupee HSBK Buy 1,292,616,000 19,828,653   8/12/15 169,738 -  
Malaysian Ringgit HSBK Buy 62,400,000 18,999,482   8/12/15 - (2,077,219 )
Malaysian Ringgit JPHQ Buy 116,351,000 35,435,054   8/12/15 - (3,881,813 )
Malaysian Ringgit JPHQ Sell 116,351,000 31,899,709   8/12/15 346,468 -  
Singapore Dollar BZWS Buy 38,999,058 28,777,345   8/12/15 100,151 -  
South Korean Won HSBK Buy 184,161,000,000 17,799,180,407 JPY 8/12/15 21,369,974 -  
Indian Rupee HSBK Buy 982,620,000 15,140,641   8/13/15 59,058 -  
Malaysian Ringgit DBAB Buy 176,076,402 53,964,816   8/13/15 - (6,218,477 )
Malaysian Ringgit DBAB Sell 176,076,402 48,552,710   8/13/15 806,371 -  
Singapore Dollar DBAB Buy 54,530,000 40,167,950   8/13/15 208,891 -  
Euro MSCO Sell 144,241,714 180,152,132   8/14/15 21,512,907 -  
Chilean Peso CITI Buy 29,155,220,000 48,256,650   8/17/15 - (1,457,918 )
Chilean Peso JPHQ Buy 32,660,995,000 54,105,848   8/17/15 - (1,679,793 )
Euro MSCO Sell 144,241,718 193,648,112   8/17/15 35,001,749 -  
Japanese Yen CITI Sell 18,760,200,000 157,414,602   8/17/15 6,094,538 -  
Mexican Peso MSCO Buy 123,499,000 9,201,511   8/17/15 - (1,226,030 )
Singapore Dollar BZWS Buy 112,084,000 82,676,108   8/17/15 310,145 -  
Singapore Dollar DBAB Buy 95,420,000 70,288,387   8/17/15 359,951 -  
Singapore Dollar HSBK Buy 84,114,500 61,936,565   8/17/15 341,256 -  
Chilean Peso MSCO Buy 9,984,130,000 16,823,877   8/18/15 - (799,273 )
Euro BZWS Sell 186,465,000 250,238,827   8/18/15 45,149,494 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Euro JPHQ Sell 142,058,430 190,494,672   8/18/15 34,247,288 -  
Japanese Yen DBAB Sell 9,637,940,000 94,500,262   8/18/15 16,759,511 -  
Mexican Peso DBAB Buy 1,413,199,480 105,659,774   8/18/15 - (14,402,452 )
Singapore Dollar HSBK Buy 84,114,500 61,936,565   8/18/15 340,026 -  
Indian Rupee JPHQ Buy 2,855,265,000 43,969,094   8/19/15 151,285 -  
Malaysian Ringgit HSBK Buy 51,597,000 14,227,768   8/19/15 - (243,047 )
Chilean Peso JPHQ Buy 26,571,790,000 44,790,206   8/20/15 - (2,150,265 )
Euro DBAB Sell 148,587,110 199,303,605   8/20/15 35,870,549 -  
Euro JPHQ Sell 207,184,000 278,015,030   8/20/15 50,130,428 -  
Japanese Yen HSBK Sell 19,192,069,750 187,789,332   8/20/15 32,979,956 -  
Japanese Yen JPHQ Sell 4,331,618,000 42,404,068   8/20/15 7,463,852 -  
Euro JPHQ Sell 141,425,000 188,823,589   8/21/15 33,265,906 -  
Malaysian Ringgit HSBK Buy 571,500,000 177,506,523   8/21/15 - (22,633,510 )
Malaysian Ringgit JPHQ Buy 177,750,000 55,222,443   8/21/15 - (7,053,278 )
Mexican Peso HSBK Buy 1,245,700,000 93,289,897   8/21/15 - (12,865,080 )
Chilean Peso DBAB Buy 16,894,600,000 27,778,034   8/24/15 - (677,296 )
Japanese Yen BZWS Sell 4,322,430,000 42,010,613   8/24/15 7,142,755 -  
Malaysian Ringgit HSBK Buy 571,500,000 155,277,816   8/24/15 - (442,147 )
Mexican Peso HSBK Buy 543,754,960 40,599,937   8/24/15 - (5,501,140 )
Polish Zloty DBAB Buy 318,369,688 74,509,043 EUR 8/24/15 2,867,372 -  
Singapore Dollar DBAB Buy 84,117,000 61,687,445   8/24/15 583,620 -  
Japanese Yen DBAB Sell 4,271,575,000 41,307,974   8/25/15 6,849,915 -  
Japanese Yen HSBK Sell 8,572,756,000 82,948,776   8/25/15 13,793,832 -  
Mexican Peso DBAB Buy 1,242,200,000 92,660,003   8/25/15 - (12,482,721 )
Euro BZWS Sell 449,846,411 537,669,652   8/26/15 42,832,733 -  
Euro DBAB Sell 149,427,000 169,702,349   8/26/15 5,330,700 -  
Euro GSCO Sell 305,100,791 383,066,213   8/26/15 47,451,363 -  
Euro JPHQ Sell 204,801,000 232,566,896   8/26/15 7,283,124 -  
Euro SCNY Sell 211,027,544 239,560,578   8/26/15 7,427,527 -  
Indian Rupee DBAB Buy 900,181,000 13,875,622   8/26/15 17,203 -  
Japanese Yen BZWS Sell 12,841,448,000 124,353,108   8/26/15 20,762,058 -  
Japanese Yen JPHQ Sell 8,617,736,000 83,392,872   8/26/15 13,874,207 -  
Japanese Yen SCNY Sell 11,809,161,000 99,034,832   8/26/15 3,771,168 -  
Malaysian Ringgit HSBK Buy 957,079,700 259,970,039   8/26/15 - (711,497 )
Chilean Peso DBAB Buy 39,886,100,000 65,677,514   8/27/15 - (1,713,917 )
Euro HSBK Sell 195,181,803 258,410,948   8/27/15 43,705,200 -  
Euro JPHQ Sell 69,055,954 91,462,885   8/27/15 15,499,296 -  
Japanese Yen DBAB Sell 8,644,374,000 83,447,556   8/27/15 13,713,126 -  
Japanese Yen HSBK Sell 14,893,097,250 143,780,746   8/27/15 23,637,675 -  
Japanese Yen JPHQ Sell 10,357,462,000 100,117,077   8/27/15 16,563,114 -  
Malaysian Ringgit JPHQ Buy 227,033,719 70,171,762   8/27/15 - (8,676,673 )
Mexican Peso HSBK Buy 545,438,860 40,575,701   8/27/15 - (5,375,310 )
Chilean Peso CITI Buy 53,031,580,000 88,231,112   8/28/15 - (3,194,865 )
Chilean Peso JPHQ Buy 10,953,800,000 18,280,708   8/28/15 - (716,267 )
Malaysian Ringgit HSBK Buy 1,061,532,404 308,024,660   8/28/15 - (20,516,444 )
Mexican Peso CITI Buy 1,412,593,600 105,221,125   8/28/15 - (14,064,800 )
Philippine Peso JPHQ Buy 2,519,000,000 57,295,576   8/28/15 - (983,989 )
Chilean Peso DBAB Buy 15,347,561,000 24,663,829   8/31/15 - (61,085 )
Euro DBAB Sell 60,147,806 79,552,691   8/31/15 13,383,702 -  
Japanese Yen JPHQ Sell 6,909,339,000 66,797,235   8/31/15 11,055,392 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Chilean Peso MSCO Buy 26,179,074,000 42,027,732   9/01/15 - (65,681 )
Chilean Peso JPHQ Buy 31,264,830,000 50,382,451   9/02/15 - (273,337 )
Euro DBAB Sell 88,663,500 117,167,042   9/02/15 19,624,345 -  
Mexican Peso HSBK Buy 615,247,100 45,768,800   9/04/15 - (6,086,547 )
Chilean Peso DBAB Buy 24,487,480,000 40,435,073   9/08/15 - (1,210,860 )
Euro DBAB Sell 104,415,800 137,747,412   9/08/15 22,862,854 -  
Euro JPHQ Buy 345,200,000 409,171,824   9/08/15 - (29,361,973 )
Euro JPHQ Sell 410,375,000 533,938,913   9/08/15 82,419,597 -  
Polish Zloty DBAB Buy 166,560,000 39,052,755 EUR 9/08/15 1,389,432 -  
Singapore Dollar MSCO Buy 82,778,200 60,550,216   9/08/15 713,118 -  
Chilean Peso DBAB Buy 12,019,520,000 19,713,826   9/09/15 - (462,727 )
Indian Rupee JPHQ Buy 7,341,887,767 113,004,275   9/10/15 9,007 -  
Singapore Dollar GSCO Buy 87,786,250 64,213,481   9/10/15 753,964 -  
Indian Rupee CITI Buy 3,154,839,000 48,187,552   9/11/15 366,236 -  
Mexican Peso CITI Buy 1,158,913,000 85,584,849   9/11/15 - (10,875,514 )
Singapore Dollar HSBK Buy 240,069,100 172,215,997   9/16/15 5,431,663 -  
Malaysian Ringgit HSBK Buy 418,125,000 111,369,327   9/17/15 1,704,561 -  
Japanese Yen BZWS Sell 24,270,000,000 227,643,649   9/18/15 31,779,629 -  
Singapore Dollar DBAB Buy 109,530,000 78,685,345   9/18/15 2,362,405 -  
Euro BZWS Sell 58,343,508 75,926,783   9/21/15 11,719,147 -  
Singapore Dollar HSBK Buy 217,756,000 172,548,336   9/21/15 - (11,426,288 )
Euro DBAB Sell 203,050,000 262,228,923   9/23/15 38,762,476 -  
Hungarian Forint JPHQ Buy 9,861,822,000 31,344,188 EUR 9/23/15 464,651 -  
Euro BZWS Sell 87,741,063 113,131,572   9/24/15 16,566,556 -  
Hungarian Forint JPHQ Buy 7,894,536,000 25,064,406 EUR 9/25/15 399,923 -  
Euro CITI Sell 7,237,832 9,334,632   9/28/15 1,368,348 -  
Euro DBAB Sell 176,088,661 226,772,260   9/28/15 32,961,141 -  
Indian Rupee HSBK Buy 3,869,965,050 59,572,017   9/28/15 - (188,511 )
Malaysian Ringgit DBAB Buy 210,507,000 63,516,686   9/28/15 - (6,636,669 )
Malaysian Ringgit DBAB Sell 210,507,000 57,847,486   9/28/15 967,469 -  
Malaysian Ringgit HSBK Buy 218,283,000 65,864,941   9/28/15 - (6,883,811 )
Mexican Peso HSBK Buy 1,303,182,600 95,576,282   9/28/15 - (11,671,073 )
Euro BZWS Sell 151,820,000 193,844,535   9/29/15 26,741,676 -  
Japanese Yen JPHQ Sell 8,250,436,116 75,943,594   9/29/15 9,347,706 -  
Euro HSBK Sell 135,560,000 172,735,297   9/30/15 23,526,630 -  
Indian Rupee DBAB Buy 4,138,651,600 63,318,441   9/30/15 165,881 -  
Japanese Yen JPHQ Sell 2,117,676,000 19,510,109   9/30/15 2,416,341 -  
Malaysian Ringgit HSBK Buy 315,490,600 84,606,881   9/30/15 627,267 -  
Mexican Peso HSBK Buy 603,492,100 43,690,154   9/30/15 - (4,840,093 )
Euro DBAB Buy 301,000,000 356,510,420   10/01/15 - (25,198,868 )
Euro DBAB Sell 371,450,000 473,829,049   10/01/15 64,972,982 -  
Euro DBAB Sell 3,565,000 4,513,647   10/05/15 589,366 -  
Euro DBAB Sell 67,415,000 84,729,194   10/07/15 10,517,526 -  
Euro JPHQ Sell 210,255,000 266,470,879   10/07/15 35,018,320 -  
Japanese Yen JPHQ Sell 78,253,000,000 722,390,953   10/07/15 90,657,637 -  
Euro DBAB Sell 319,800,000 405,682,290   10/09/15 53,628,272 -  
Euro GSCO Sell 102,935,000 130,403,205   10/09/15 17,086,506 -  
Japanese Yen HSBK Sell 38,917,825,000 361,194,691   10/09/15 47,001,393 -  
Euro HSBK Sell 133,988,000 145,371,620   10/13/15 - (2,140,306 )
Japanese Yen BZWS Sell 19,705,372,000 183,005,754   10/13/15 23,907,967 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Japanese Yen DBAB Sell 19,434,250,000 180,598,922   10/13/15 23,690,128 -  
Euro JPHQ Sell 102,960,000 130,332,946   10/14/15 16,978,812 -  
Malaysian Ringgit JPHQ Buy 1,260,410,373 317,323,860 EUR 10/19/15 - (9,362,611 )
Euro HSBK Sell 137,930,000 176,605,572   10/20/15 24,735,169 -  
Malaysian Ringgit JPHQ Buy 244,314,016 73,001,469   10/20/15 - (7,096,763 )
Mexican Peso DBAB Buy 1,955,968,680 141,398,733   10/21/15 - (15,675,513 )
Japanese Yen BZWS Sell 9,218,756,500 86,634,306   10/22/15 12,191,639 -  
Mexican Peso CITI Buy 629,982,970 45,495,990   10/22/15 - (5,005,718 )
Mexican Peso DBAB Buy 1,798,400,870 129,792,211   10/22/15 - (14,205,371 )
Malaysian Ringgit HSBK Buy 190,522,200 56,979,454   10/23/15 - (5,597,000 )
Malaysian Ringgit JPHQ Buy 903,500,000 28,844,237,500 JPY 10/23/15 10,742,214 -  
Euro DBAB Sell 107,566,000 136,538,902   10/26/15 18,088,916 -  
Euro JPHQ Buy 7,387,013 8,772,078   10/26/15 - (637,616 )
Euro JPHQ Sell 7,387,013 9,383,797   10/26/15 1,249,334 -  
Malaysian Ringgit DBAB Buy 136,438,000 40,944,093   10/26/15 - (4,156,122 )
Malaysian Ringgit DBAB Sell 136,438,000 37,426,416   10/26/15 638,445 -  
Malaysian Ringgit HSBK Buy 90,961,633 27,299,410   10/26/15 - (2,773,296 )
Malaysian Ringgit JPHQ Buy 32,000,000 9,598,714   10/26/15 - (970,509 )
Singapore Dollar DBAB Buy 1,115,826,850 878,396,324   10/26/15 - (53,284,036 )
Singapore Dollar HSBK Buy 356,099,500 280,451,661   10/26/15 - (17,129,379 )
Euro BZWS Sell 280,805,419 356,614,458   10/27/15 47,390,540 -  
Euro DBAB Sell 175,760,000 223,584,296   10/28/15 30,033,378 -  
Euro GSCO Sell 139,330,000 177,227,760   10/29/15 23,791,704 -  
Euro DBAB Sell 189,168,918 241,559,250   10/30/15 33,234,836 -  
Malaysian Ringgit JPHQ Buy 115,374,900 34,548,555   10/30/15 - (3,449,287 )
Euro DBAB Sell 11,263,065 14,264,672   11/03/15 1,860,226 -  
Mexican Peso CITI Buy 1,132,383,200 82,310,245   11/03/15 - (9,593,418 )
Euro UBSW Sell 119,224,000 149,894,374   11/04/15 18,586,106 -  
Euro DBAB Sell 84,940,000 106,534,296   11/05/15 12,983,338 -  
Japanese Yen BOFA Sell 6,474,170,000 56,990,933   11/05/15 4,698,034 -  
Japanese Yen SCNY Sell 12,949,800,000 114,361,157   11/05/15 9,763,567 -  
Euro BZWS Sell 79,210,113 99,506,912   11/06/15 12,265,193 -  
Euro DBAB Sell 65,665,000 82,452,257   11/06/15 10,129,074 -  
Japanese Yen BZWS Sell 6,464,800,000 57,317,138   11/06/15 5,098,985 -  
Euro GSCO Sell 226,520,861 255,028,511   11/09/15 5,526,192 -  
Mexican Peso CITI Buy 666,525,500 44,417,266   11/09/15 - (1,634,564 )
South Korean Won JPHQ Buy 861,667,250,000 91,522,629,264 JPY 11/09/15 31,022,592 -  
Euro DBAB Sell 70,759,000 88,374,453   11/10/15 10,435,302 -  
Japanese Yen CITI Sell 9,190,446,650 80,616,185   11/10/15 6,376,831 -  
South Korean Won DBAB Buy 228,000,000,000 24,245,002,126 JPY 11/10/15 7,976,702 -  
Euro DBAB Sell 377,328,000 469,167,906   11/12/15 53,536,633 -  
Euro JPHQ Sell 101,421,123 127,085,738   11/12/15 15,369,167 -  
Euro MSCO Sell 178,075,514 222,631,603   11/12/15 26,479,310 -  
Euro UBSW Sell 96,724,000 120,567,675   11/12/15 14,025,041 -  
Japanese Yen CITI Sell 24,889,202,000 213,323,881   11/12/15 12,264,602 -  
Japanese Yen HSBK Sell 6,367,072,000 55,813,565   11/12/15 4,379,256 -  
Japanese Yen JPHQ Sell 9,028,069,000 79,324,403   11/12/15 6,394,100 -  
Mexican Peso CITI Buy 435,292,000 31,375,788   11/12/15 - (3,441,531 )
Euro BZWS Sell 131,886,000 164,618,786   11/13/15 19,342,249 -  
Euro CITI Sell 100,069,509 112,055,835   11/13/15 1,826,153 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Euro GSCO Sell 316,018,000 353,001,587   11/13/15 4,897,915 -  
Euro SCNY Sell 39,305,000 43,943,776   11/13/15 648,094 -  
Japanese Yen GSCO Sell 16,608,958,000 138,793,134   11/13/15 4,620,692 -  
Japanese Yen SCNY Sell 12,414,879,000 103,736,549   11/13/15 3,445,210 -  
Mexican Peso CITI Buy 906,059,000 65,511,659   11/13/15 - (7,370,825 )
Euro DBAB Sell 102,118,400 127,796,072   11/16/15 15,303,567 -  
Euro GSCO Sell 305,905,000 344,782,466   11/16/15 7,800,887 -  
Euro MSCO Sell 231,893,680 290,179,336   11/16/15 34,727,811 -  
Japanese Yen CITI Sell 12,414,890,000 103,743,576   11/16/15 3,446,751 -  
Japanese Yen MSCO Sell 3,400,000,000 29,649,008   11/16/15 2,181,249 -  
Japanese Yen SCNY Sell 9,153,053,700 79,951,902   11/16/15 6,006,646 -  
Singapore Dollar DBAB Buy 95,420,000 71,086,940   11/16/15 - (553,579 )
Euro UBSW Sell 180,000,000 225,189,000   11/17/15 26,899,512 -  
South Korean Won JPHQ Buy 743,500,000,000 79,933,344,084 JPY 11/17/15 18,805,989 -  
Australian Dollar JPHQ Sell 897,312,000 721,797,773   11/18/15 42,254,177 -  
Euro DBAB Sell 69,738,000 86,986,580   11/18/15 10,161,278 -  
Euro UBSW Sell 59,525,000 74,221,723   11/18/15 8,647,343 -  
Japanese Yen BOFA Sell 42,218,712,250 355,708,720   11/18/15 14,621,949 -  
Japanese Yen DBAB Sell 10,792,263,000 93,052,794   11/18/15 5,861,642 -  
Euro DBAB Sell 126,551,139 158,514,407   11/19/15 19,099,745 -  
Japanese Yen CITI Sell 13,358,646,000 115,354,657   11/19/15 7,427,651 -  
Malaysian Ringgit DBAB Buy 79,333,360 23,213,179   11/19/15 - (1,861,254 )
Malaysian Ringgit DBAB Sell 79,333,360 21,729,214   11/19/15 377,289 -  
Euro BZWS Sell 449,792,000 565,412,556   11/20/15 69,891,952 -  
Euro DBAB Sell 133,816,000 167,960,491   11/20/15 20,539,938 -  
Japanese Yen CITI Sell 15,005,634,000 129,470,526   11/20/15 8,235,021 -  
Malaysian Ringgit HSBK Buy 218,456,900 63,747,673   11/20/15 - (4,956,234 )
Euro GSCO Sell 202,057,000 226,808,983   11/23/15 4,197,944 -  
Euro MSCO Sell 57,920,996 72,850,132   11/23/15 9,037,183 -  
Japanese Yen HSBK Sell 2,816,138,000 24,090,145   11/24/15 1,335,998 -  
South Korean Won JPHQ Buy 743,500,000,000 81,287,035,618 JPY 11/24/15 7,700,326 -  
Euro MSCO Sell 100,965,680 125,870,885   11/25/15 14,630,681 -  
Singapore Dollar BZWS Buy 128,018,000 95,603,600   11/27/15 - (992,007 )
Euro DBAB Sell 277,024,466 345,347,010   11/30/15 40,097,639 -  
Malaysian Ringgit HSBK Buy 337,619,000 91,582,531   11/30/15 - (788,260 )
Mexican Peso CITI Buy 1,775,831,900 127,308,904   11/30/15 - (13,499,384 )
Singapore Dollar DBAB Buy 265,323,000 197,472,355   11/30/15 61,546 (1,455,861 )
Euro GSCO Sell 203,544,000 222,388,104   12/01/15 - (1,899,199 )
Euro CITI Sell 72,203,000 90,112,954   12/04/15 10,546,351 -  
Euro DBAB Sell 131,065,000 163,529,801   12/04/15 19,098,172 -  
Euro CITI Sell 63,090,000 78,174,819   12/07/15 8,645,928 -  
Euro HSBK Sell 21,570,052 26,571,716   12/09/15 2,799,184 -  
Euro SCNY Sell 226,537,356 279,846,127   12/09/15 30,177,446 -  
Euro MSCO Sell 44,121,607 55,302,243   12/11/15 6,673,278 -  
Mexican Peso CITI Buy 2,030,785,800 138,007,870   12/11/15 - (7,969,686 )
Euro DBAB Sell 129,470,000 161,105,995   12/14/15 18,400,054 -  
Euro BOFA Sell 177,095,041 220,208,829   12/15/15 25,004,682 -  
Euro JPHQ Sell 127,432,000 159,077,189   12/15/15 18,614,448 -  
Malaysian Ringgit DBAB Buy 151,275,000 42,249,686   12/15/15 - (1,610,825 )
Malaysian Ringgit DBAB Sell 151,275,000 41,360,219   12/15/15 721,358 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Polish Zloty DBAB Buy 35,195,600 8,287,167 EUR 12/15/15 211,304 -  
Euro CITI Sell 149,674,000 186,857,961   12/17/15 21,871,436 -  
Mexican Peso CITI Buy 973,603,510 64,116,135   12/18/15 - (1,806,724 )
Japanese Yen DBAB Sell 24,707,170,000 211,497,774   12/21/15 11,718,377 -  
Japanese Yen HSBK Sell 24,745,070,000 211,586,746   12/21/15 11,500,894 -  
Japanese Yen BZWS Sell 12,521,550,000 105,897,651   12/22/15 4,646,996 -  
Japanese Yen CITI Sell 19,533,646,000 165,427,219   12/22/15 7,475,971 -  
Euro BZWS Sell 57,908,589 70,580,499   1/05/16 6,720,327 -  
Japanese Yen DBAB Sell 10,434,667,000 87,609,711   1/07/16 3,196,342 -  
Japanese Yen GSCO Sell 6,380,360,000 53,881,349   1/08/16 2,264,691 -  
Euro BZWS Sell 121,560,662 144,649,895   1/11/16 10,577,737 -  
Euro UBSW Sell 23,478,000 27,908,768   1/11/16 2,014,321 -  
Malaysian Ringgit JPHQ Buy 224,973,000 60,861,085   1/11/16 - (538,072 )
Euro CITI Sell 29,000,000 34,457,800   1/13/16 2,471,573 -  
Euro SCNY Sell 49,935,936 59,311,408   1/13/16 4,233,401 -  
Japanese Yen CITI Sell 3,332,090,000 28,105,621   1/14/16 1,144,758 -  
Japanese Yen SCNY Sell 3,331,470,000 28,275,929   1/14/16 1,320,083 -  
Euro CITI Sell 192,914,073 228,689,988   1/15/16 15,901,360 -  
Euro JPHQ Sell 102,670,589 121,477,380   1/15/16 8,229,376 -  
Japanese Yen BZWS Sell 22,053,780,000 187,702,927   1/15/16 9,254,733 -  
Japanese Yen JPHQ Sell 14,336,430,000 121,561,101   1/15/16 5,557,856 -  
Malaysian Ringgit JPHQ Buy 54,220,000 14,708,914   1/15/16 - (174,735 )
Euro BZWS Sell 76,139,000 90,108,451   1/19/16 6,117,860 -  
Euro DBAB Sell 137,436,000 162,435,608   1/19/16 10,826,960 -  
Euro GSCO Sell 106,397,000 126,415,596   1/19/16 9,046,745 -  
Euro JPHQ Sell 75,805,000 89,574,978   1/19/16 5,952,830 -  
Malaysian Ringgit JPHQ Buy 25,017,400 6,730,535   1/19/16 - (26,264 )
Japanese Yen JPHQ Sell 19,676,275,000 169,347,870   1/20/16 10,115,150 -  
Euro BZWS Sell 139,061,000 162,298,093   1/21/16 8,889,989 -  
Euro CITI Sell 42,223,091 49,243,735   1/22/16 2,663,388 -  
Euro JPHQ Sell 25,614,073 29,873,693   1/22/16 1,616,349 -  
Euro JPHQ Sell 76,519,000 89,575,360   1/25/16 5,154,221 -  
Malaysian Ringgit HSBK Buy 149,324,973 40,017,412   1/25/16 - (17,449 )
Euro BZWS Sell 94,940,000 107,792,028   1/27/16 3,042,846 -  
Japanese Yen GSCO Sell 15,371,620,000 131,409,446   1/27/16 6,988,495 -  
Japanese Yen HSBK Sell 17,605,035,074 150,447,882   1/28/16 7,945,266 -  
Euro CITI Sell 81,493,700 92,847,402   1/29/16 2,929,755 -  
Japanese Yen DBAB Sell 13,902,366,365 118,584,448   1/29/16 6,049,676 -  
Mexican Peso CITI Buy 632,490,760 41,836,933   2/05/16 - (1,511,188 )
Euro CITI Sell 80,318,000 92,253,255   2/09/16 3,610,962 -  
Euro GSCO Sell 127,740,000 146,837,130   2/09/16 5,857,941 -  
Japanese Yen CITI Sell 12,481,439,000 107,006,387   2/09/16 5,942,636 -  
Mexican Peso CITI Buy 666,525,500 44,143,685   2/09/16 - (1,661,083 )
Euro HSBK Sell 73,778,000 83,792,626   2/10/16 2,366,322 -  
Euro BZWS Sell 150,959,000 171,564,904   2/11/16 4,952,780 -  
Mexican Peso MSCO Buy 1,198,560,000 79,061,379   2/11/16 - (2,680,052 )
Japanese Yen GSCO Sell 5,856,880,500 49,699,864   2/12/16 2,272,026 -  
Japanese Yen HSBK Sell 10,857,850,000 92,172,684   2/12/16 4,248,003 -  
Mexican Peso CITI Buy 1,155,788,000 75,586,162   2/12/16 - (1,936,265 )
Mexican Peso MSCO Buy 1,244,214,000 81,614,562   2/12/16 - (2,329,924 )

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Euro SCNY Sell 140,680,000 160,027,017   2/16/16 4,742,310 -  
Japanese Yen CITI Sell 37,564,700,000 315,964,471   2/16/16 11,739,280 -  
Euro GSCO Sell 74,206,000 85,257,500   2/17/16 3,345,959 -  
Japanese Yen GSCO Sell 20,850,739,790 176,807,569   2/17/16 7,939,013 -  
Mexican Peso MSCO Buy 1,131,302,320 73,854,441   2/17/16 - (1,792,592 )
South Korean Won JPHQ Buy 523,500,000,000 55,743,081,362 JPY 2/19/16 15,922,744 -  
Euro BZWS Sell 165,746,000 189,973,093   2/22/16 6,995,515 -  
Japanese Yen BZWS Sell 9,408,100,000 79,714,799   2/25/16 3,501,850 -  
Japanese Yen HSBK Sell 6,688,700,000 56,700,236   2/25/16 2,516,548 -  
Mexican Peso CITI Buy 645,757,100 41,801,987   2/25/16 - (693,899 )
Euro BOFA Sell 143,335,694 163,664,995   2/26/16 5,410,299 -  
Euro BZWS Sell 411,968,926 470,110,101   2/26/16 15,261,657 -  
Japanese Yen BZWS Sell 29,025,800,000 244,541,051   2/26/16 9,402,098 -  
Japanese Yen BZWS Sell 42,387,239,840 358,882,387   2/29/16 15,469,851 -  
Mexican Peso MSCO Buy 274,416,700 17,767,349   2/29/16 - (303,795 )
Japanese Yen JPHQ Sell 12,728,600,000 107,416,612   3/03/16 4,282,514 -  
Japanese Yen HSBK Sell 9,813,450,000 82,552,681   3/04/16 3,036,248 -  
Euro HSBK Sell 29,251,000 32,524,187   3/09/16 217,401 -  
Japanese Yen BZWS Sell 35,663,421,500 299,024,211   3/09/16 10,005,530 -  
Japanese Yen MSCO Sell 6,405,061,130 53,681,944   3/09/16 1,774,913 -  
Euro CITI Sell 109,690,000 120,362,837   3/10/16 - (789,735 )
Euro MSCO Sell 82,877,000 90,845,624   3/10/16 - (691,998 )
Mexican Peso CITI Buy 1,553,290,800 97,560,551   3/11/16 1,203,998 -  
Mexican Peso CITI Buy 285,979,900 17,816,397   3/14/16 363,103 -  
Mexican Peso JPHQ Buy 1,456,663,741 90,752,211   3/14/16 1,846,670 -  
Euro CITI Sell 6,192,249 6,634,995   3/16/16 - (205,530 )
Japanese Yen CITI Sell 8,267,822,900 68,829,809   3/16/16 1,812,204 -  
Mexican Peso CITI Buy 267,082,700 16,761,811   3/18/16 211,102 -  
Mexican Peso JPHQ Buy 1,108,360,000 69,642,476   3/18/16 793,002 -  
Malaysian Ringgit HSBK Buy 116,686,000 30,654,407   3/21/16 483,282 -  
Japanese Yen CITI Sell 25,386,870,000 211,071,785   3/22/16 5,251,486 -  
Japanese Yen MSCO Sell 12,384,230,000 102,949,690   3/22/16 2,546,374 -  
Euro BZWS Sell 4,383,502 4,709,678   3/23/16 - (133,720 )
Mexican Peso CITI Buy 1,615,454,200 103,034,301   3/23/16 - (413,460 )
Japanese Yen DBAB Sell 6,258,238,000 52,121,579   3/24/16 1,380,672 -  
Japanese Yen BZWS Sell 17,003,283,330 143,540,921   3/28/16 5,663,499 -  
Malaysian Ringgit HSBK Buy 145,031,000 38,380,174   3/28/16 303,402 -  
Euro BOFA Sell 856,834,289 946,305,723   3/29/16 860,112 (1,448,225 )
Euro BOFA Sell 240,642,023 266,815,452   3/30/16 872,494 -  
Euro GSCO Sell 102,050,000 112,091,720   3/31/16 - (691,012 )
Euro CITI Sell 108,189,525 120,066,787   4/08/16 471,125 -  
Malaysian Ringgit HSBK Buy 93,511,500 25,008,424   4/11/16 - (89,611 )
Euro DBAB Sell 113,621,500 123,032,769   4/13/16 - (2,585,738 )
Euro SCNY Sell 66,994,000 71,899,636   4/13/16 - (2,168,092 )
Japanese Yen CITI Sell 6,890,100,000 57,675,116   4/13/16 1,776,273 -  
Mexican Peso CITI Buy 618,239,190 39,896,180   4/13/16 - (687,211 )
Euro JPHQ Sell 214,266,000 228,968,933   4/14/16 - (7,927,735 )
Euro HSBK Sell 117,406,000 125,096,093   4/18/16 - (4,725,312 )
Japanese Yen BZWS Sell 2,679,000,000 22,623,823   4/18/16 885,912 -  
Malaysian Ringgit JPHQ Buy 19,310,000 5,183,753   4/27/16 - (43,507 )

 

 

Templeton Income Trust                
Statement of Investments, May 31, 2015 (unaudited) (continued)            
Euro BZWS Sell 41,793,000 45,678,286   4/29/16   -   (548,956 )
Euro SCNY Sell 236,418,000 260,367,143   4/29/16   -   (1,134,832 )
Euro BZWS Sell 202,926,342 228,205,384   5/05/16   3,709,500   -  
Euro BZWS Sell 78,607,000 88,071,283   5/09/16   1,098,867   -  
Euro BZWS Sell 205,897,795 236,494,207   5/18/16   8,625,165   -  
Indonesian Rupiah JPHQ Buy 1,393,097,000,000 123,468,670 AUD 5/18/16   4,021,203   -  
Japanese Yen CITI Sell 42,148,693,500 356,467,300   5/18/16   14,144,121   -  
Indonesian Rupiah JPHQ Buy 1,823,573,000,000 162,485,343 AUD 5/19/16   4,592,171   -  
Japanese Yen BOFA Sell 42,084,293,750 353,845,778   5/19/16   12,034,956   -  
Japanese Yen BZWS Sell 42,198,117,500 354,725,265   5/19/16   11,989,961   -  
Japanese Yen HSBK Sell 42,232,203,900 356,736,106   5/19/16   13,723,950   -  
Japanese Yen JPHQ Sell 9,694,306,000 81,624,919   5/20/16   2,884,801   -  
Malaysian Ringgit HSBK Buy 632,620,000 172,757,312   5/20/16   -   (4,612,551 )
Euro BZWS Sell 251,880,551 282,490,335   5/23/16   3,691,321   -  
Euro DBAB Sell 145,693,000 163,251,920   5/23/16   1,988,716   -  
Malaysian Ringgit HSBK Buy 36,030,800 9,731,479   5/23/16   -   (156,713 )
Euro JPHQ Sell 37,226,387 41,731,338   5/26/16   522,983   -  
Mexican Peso HSBK Buy 531,511,160 34,084,338   5/26/16   -   (488,384 )
Euro BZWS Sell 50,325,351 54,886,841   5/31/16   -   (829,704 )
Malaysian Ringgit HSBK Buy 148,382,600 40,103,405   5/31/16   -   (693,311 )
Mexican Peso HSBK Buy 475,193,807 30,072,702   5/31/16   -   (48,150 )
Mexican Peso JPHQ Buy 1,552,000,000 98,430,316   5/31/16   -   (369,048 )
Totals Forward Exchange Contracts unrealized appreciation (depreciation)       $ 4,609,920,754 $ (903,965,760 )
Net unrealized appreciation (depreciation)         $ 3,705,954,994      
 
a May be comprised of multiple contracts with the same counterparty, currency and settlement date.            
* In U.S. dollars unless otherwise indicated.                  

 

 

Templeton Income Trust

Statement of Investments, May 31, 2015 (unaudited) (continued)

At May 31, 2015, the Fund had the following interest rate swap contracts outstanding. See Note 3.

Interest Rate Swap Contracts

  Counterparty/   Notional Expiration   Unrealized   Unrealized  
Description Exchange   Amount Date   Appreciation   Depreciation  
Centrally Cleared Swap Contracts                  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 0.926% LCH $ 3,657,620,000 10/17/17 $ 2,222,325 $ -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.184% CME   212,000,000 10/15/20   -   (5,859,227 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.759% CME   114,725,000 3/18/24   -   (6,580,106 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.788% CME   202,600,000 3/31/24   -   (11,971,385 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.731% LCH   690,810,000 7/07/24   -   (41,422,604 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.914% LCH   2,081,160,000 1/22/25   38,307,968   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.970% LCH   2,601,430,000 1/23/25   34,706,082   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.973% LCH   1,535,390,000 1/27/25   20,421,097   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.937% LCH   383,800,000 1/29/25   6,435,613   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.942% LCH   325,000,000 1/30/25   5,341,695   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.817% LCH   514,670,000 2/03/25   14,568,872   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.978% LCH   39,700,000 3/27/25   704,074   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.985% LCH   39,700,000 3/27/25   677,233   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.559% CME   54,025,000 3/18/44   -   (10,776,595 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.489% CME   96,470,000 3/31/44   -   (17,697,013 )
Totals Centrally Cleared Swap Contracts           123,384,959   (94,306,930 )
 
OTC Swap Contracts                  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.558% JPHQ $ 101,430,000 3/04/21 $ - $ (10,943,575 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.523% DBAB   471,880,000 3/28/21   -   (49,065,949 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.963% JPHQ   332,000,000 11/23/40   -   (86,547,343 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 4.368% CITI   43,600,000 12/20/40   -   (15,619,868 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 4.215% JPHQ   234,600,000 1/11/41   -   (76,484,591 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 4.347% CITI   245,400,000 2/25/41   -   (85,482,942 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 4.349% JPHQ   245,400,000 2/25/41   -   (85,612,039 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 4.320% JPHQ   184,050,000 2/28/41   -   (63,347,573 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 4.299% JPHQ   61,350,000 3/01/41   -   (20,715,914 )
Totals OTC Swap Contracts           -   (493,819,794 )
Totals Interest Rate Swap Contracts         $ 123,384,959 $ (588,126,724 )
Net unrealized appreciation (depreciation)             $ (464,741,765 )

 

 

Templeton Income Trust

Statement of Investments, May 31, 2015 (unaudited) (continued)

ABBREVIATIONS

Counterparty/Exchange

BOFA - Bank of America Corp.
BZWS - Barclays Bank PLC
CITI - Citibank N.A.
CME - Chicago Mercantile Exchange
DBAB - Deutsche Bank AG
GSCO - Goldman Sachs Group, Inc.
HSBK - HSBC Bank PLC
JPHQ - JPMorgan Chase Bank, N.A.
LCH - London Clearing House
MSCO - Morgan Stanley and Co. Inc.
SCNY - Standard Chartered Bank
UBSW - UBS AG
 
Currency  
 
AUD - Australian Dollar
BRL - Brazilian Real
EUR - Euro
HUF - Hungarian Forint
IDR - Indonesian Rupiah
INR - Indian Rupee
JPY - Japanese Yen
KRW - South Korean Won
LKR - Sri Lankan Rupee
MXN - Mexican Peso
MYR - Malaysian Ringgit
PEN - Peruvian Nuevo Sol
PHP - Philippine Peso
PLN - Polish Zloty
SGD - Singapore Dollar

 

Selected Portfolio

FHLB - Federal Home Loan Bank
FRN - Floating Rate Note

 

 

Templeton Income Trust          
 
Statement of Investments, May 31, 2015 (unaudited)          
 
 
Templeton Global Total Return Fund Shares       Value
Common Stocks 0.0%†          
United Kingdom 0.0%†          
aCEVA Holdings LLC 920     $ 666,674
 
United States 0.0%†          
aVerso Corp. 9,431       7,639
 
Total Common Stocks (Cost $1,346,404)         674,313
Convertible Preferred Stocks 0.0%†          
United Kingdom 0.0%†          
aCEVA Holdings LLC, cvt. pfd., A-1 37       37,000
aCEVA Holdings LLC, cvt. pfd., A-2 1,991       1,443,171
Total Convertible Preferred Stocks (Cost $2,895,379)         1,480,171
  Principal Amount*    
Convertible Bonds (Cost $53,860,000) 0.6%          
Canada 0.6%          
B2Gold Corp., cvt., senior sub. note, 3.25%, 10/01/18 53,860,000       49,259,009
 
Foreign Government and Agency Securities 61.0%          
Bosnia & Herzegovina 0.0%†          
b,cGovernment of Bosnia & Herzegovina, senior bond, B, Reg S, FRN, 0.938%, 12/11/21 204,167   DEM   98,339
 
Brazil 4.6%          
Letra Tesouro Nacional, Strip,          
10/01/15 49,090 d BRL   14,737,373
1/01/16 122,340 d BRL   35,550,033
7/01/16 14,770 d BRL   4,031,203
10/01/16 46,650 d BRL   12,341,002
Nota Do Tesouro Nacional,          
10.00%, 1/01/23 289,500 d BRL   81,377,560
e Index Linked, 6.00%, 5/15/17 5,321 d BRL   4,377,637
e Index Linked, 6.00%, 5/15/19 73,710 d BRL   60,265,767
e Index Linked, 6.00%, 8/15/20 4,190 d BRL   3,424,391
e Index Linked, 6.00%, 8/15/22 62,989 d BRL   51,519,307
e Index Linked, 6.00%, 5/15/23 143,373 d BRL   117,604,545
e Index Linked, 6.00%, 8/15/24 4,390 d BRL   3,660,153
e Index Linked, 6.00%, 8/15/50 400 d BRL   336,466
          389,225,437
Croatia 0.1%          
fGovernment of Croatia, 144A, 6.75%, 11/05/19 4,070,000       4,534,835
 
Ecuador 0.6%          
fGovernment of Ecuador, senior note, 144A, 7.95%, 6/20/24 55,320,000       52,664,640
 
Ghana 1.0%          
Government of Ghana,          
21.00%, 10/26/15 60,275,000   GHS   14,563,669
16.90%, 3/07/16 2,390,000   GHS   561,947
19.24%, 5/30/16 33,350,000   GHS   7,934,350
23.00%, 2/13/17 23,550,000   GHS   5,806,406
25.48%, 4/24/17 1,320,000   GHS   336,950
24.44%, 5/29/17 34,140,000   GHS   8,606,509
26.00%, 6/05/17 3,110,000   GHS   802,514
25.40%, 7/31/17 11,600,000   GHS   2,970,227
23.00%, 8/21/17 83,299,000   GHS   20,522,049
23.23%, 2/19/18 15,560,000   GHS   3,879,850
22.49%, 4/23/18 4,030,000   GHS   993,281
23.47%, 5/21/18 45,730,000   GHS   11,345,029

 

Quarterly Statement of Investments | See Notes to Statements of Investments.

 

Templeton Income Trust      
 
Statement of Investments, May 31, 2015 (unaudited) (continued)      
 
19.04%, 9/24/18 43,190,000 GHS 9,769,960
      88,092,741
Hungary 6.3%      
Government of Hungary,      
4.125%, 2/19/18 20,840,000   21,842,404
4.00%, 4/25/18 6,050,490,000 HUF 22,624,445
6.00%, 1/11/19 11,560,000 EUR 14,837,195
6.50%, 6/24/19 10,993,370,000 HUF 44,854,230
7.50%, 11/12/20 4,916,980,000 HUF 21,370,909
5.375%, 2/21/23 38,460,000   42,613,680
A, 6.75%, 11/24/17 13,762,060,000 HUF 54,755,363
A, 5.50%, 12/20/18 11,115,920,000 HUF 43,753,397
A, 7.00%, 6/24/22 1,899,000,000 HUF 8,316,866
A, 6.00%, 11/24/23 23,670,900,000 HUF 100,528,054
B, 6.75%, 2/24/17 15,435,430,000 HUF 59,565,136
B, 5.50%, 6/24/25 1,936,290,000 HUF 8,081,284
senior note, 6.25%, 1/29/20 21,385,000   24,359,761
senior note, 6.375%, 3/29/21 23,190,000   26,861,557
senior note, 5.375%, 3/25/24 10,000,000   11,119,600
b senior note, Reg S, 3.50%, 7/18/16 10,000 EUR 11,334
b senior note, Reg S, 4.375%, 7/04/17 19,865,000 EUR 23,347,528
b senior note, Reg S, 5.75%, 6/11/18 6,625,000 EUR 8,282,293
b senior note, Reg S, 3.875%, 2/24/20 20,000 EUR 24,489
      537,149,525
Iceland 0.1%      
fGovernment of Iceland, 144A, 5.875%, 5/11/22 10,810,000   12,448,201
 
India 2.9%      
Government of India,      
senior bond, 7.80%, 5/03/20 1,786,600,000 INR 27,983,032
senior bond, 8.28%, 9/21/27 539,800,000 INR 8,677,117
senior bond, 8.60%, 6/02/28 1,852,900,000 INR 30,781,092
senior note, 7.28%, 6/03/19 69,400,000 INR 1,071,533
senior note, 8.12%, 12/10/20 1,341,500,000 INR 21,297,133
senior note, 8.35%, 5/14/22 527,100,000 INR 8,449,816
senior note, 7.16%, 5/20/23 2,481,400,000 INR 37,257,008
senior note, 8.83%, 11/25/23 6,495,900,000 INR 107,662,736
      243,179,467
Indonesia 0.3%      
Government of Indonesia,      
7.875%, 4/15/19 14,607,000,000 IDR 1,101,821
FR31, 11.00%, 11/15/20 13,446,000,000 IDR 1,150,200
FR34, 12.80%, 6/15/21 34,970,000,000 IDR 3,243,016
FR35, 12.90%, 6/15/22 4,323,000,000 IDR 408,714
FR36, 11.50%, 9/15/19 33,165,000,000 IDR 2,827,602
FR39, 11.75%, 8/15/23 6,350,000,000 IDR 581,627
FR40, 11.00%, 9/15/25 110,250,000,000 IDR 9,921,166
FR42, 10.25%, 7/15/27 2,150,000,000 IDR 187,006
FR43, 10.25%, 7/15/22 3,593,000,000 IDR 301,658
FR44, 10.00%, 9/15/24 7,250,000,000 IDR 611,294
FR46, 9.50%, 7/15/23 7,100,000,000 IDR 578,110
FR47, 10.00%, 2/15/28 26,890,000,000 IDR 2,297,769
FR52, 10.50%, 8/15/30 24,050,000,000 IDR 2,150,570
senior bond, FR53, 8.25%, 7/15/21 10,287,000,000 IDR 786,585
senior note, 8.50%, 10/15/16 3,130,000,000 IDR 240,005
      26,387,143
Ireland 2.7%      
Government of Ireland, senior bond, 5.40%, 3/13/25 151,952,700 EUR 231,635,163
 
Kenya 0.2%      
fGovernment of Kenya, senior note, 144A, 6.875%, 6/24/24 19,920,000   20,916,996

 

 

Templeton Income Trust        
 
Statement of Investments, May 31, 2015 (unaudited) (continued)        
 
Latvia 0.6%        
fGovernment of Latvia,        
144A, 5.25%, 2/22/17 25,850,000     27,682,248
senior note, 144A, 5.25%, 6/16/21 18,000,000     20,682,990
        48,365,238
Lithuania 0.2%        
fGovernment of Lithuania, 144A, 7.375%, 2/11/20 10,320,000     12,556,860
 
Malaysia 1.8%        
Government of Malaysia,        
3.835%, 8/12/15 276,090,000   MYR 75,437,233
4.72%, 9/30/15 47,610,000   MYR 13,058,817
senior bond, 4.262%, 9/15/16 61,440,000   MYR 16,988,818
senior note, 3.172%, 7/15/16 182,080,000   MYR 49,684,419
        155,169,287
Mexico 8.0%        
Government of Mexico,        
6.00%, 6/18/15 9,826,640 g MXN 63,922,151
8.00%, 12/17/15 24,732,170 g MXN 164,823,297
6.25%, 6/16/16 15,971,530 g MXN 106,688,513
7.25%, 12/15/16 46,495,850 g MXN 317,387,145
7.75%, 12/14/17 1,335,000 g MXN 9,377,650
hMexican Udibonos, Index Linked,        
5.00%, 6/16/16 825,521 i MXN 5,617,076
3.50%, 12/14/17 833,456 i MXN 5,741,880
4.00%, 6/13/19 573,516 i MXN 4,032,646
2.50%, 12/10/20 452,169 i MXN 2,968,098
        680,558,456
Philippines 1.8%        
Government of the Philippines,        
senior bond, 7.00%, 1/27/16 471,510,000   PHP 10,844,028
senior bond, 9.125%, 9/04/16 126,690,000   PHP 3,029,014
senior note, 1.625%, 4/25/16 6,088,300,000   PHP 135,900,658
        149,773,700
Poland 2.5%        
Government of Poland,        
6.25%, 10/24/15 46,028,000   PLN 12,521,999
5.00%, 4/25/16 304,780,000   PLN 83,843,302
4.75%, 10/25/16 293,705,000   PLN 81,749,140
4.75%, 4/25/17 9,170,000   PLN 2,585,389
c FRN, 2.01%, 1/25/17 64,309,000   PLN 17,180,219
c FRN, 2.01%, 1/25/21 55,199,000   PLN 14,608,304
        212,488,353
Portugal 2.3%        
Government of Portugal,        
f144A, 5.125%, 10/15/24 179,860,000     191,926,808
b senior bond, Reg S, 4.95%, 10/25/23 1,419,700   EUR 1,884,135
b senior note, Reg S, 5.65%, 2/15/24 3,549,500   EUR 4,913,014
        198,723,957
Serbia 3.4%        
fGovernment of Serbia, senior note, 144A,        
4.875%, 2/25/20 45,960,000     47,373,959
7.25%, 9/28/21 29,790,000     34,320,761
jSerbia Treasury Bill, 7/24/15 1,329,560,000   RSD 12,008,849
Serbia Treasury Note,        
10.00%, 9/14/15 435,500,000   RSD 4,013,074
10.00%, 9/28/15 149,700,000   RSD 1,381,415
10.00%, 10/18/15 637,300,000   RSD 5,893,240
10.00%, 12/06/15 123,700,000   RSD 1,149,349
10.00%, 1/30/16 104,830,000   RSD 977,347
10.00%, 2/21/16 4,619,000,000   RSD 43,141,939

 

 

Templeton Income Trust      
 
Statement of Investments, May 31, 2015 (unaudited) (continued)      
10.00%, 5/22/16 273,340,000 RSD 2,572,456
10.00%, 6/27/16 680,370,000 RSD 6,416,883
10.00%, 8/15/16 280,100,000 RSD 2,648,436
10.00%, 10/17/16 156,810,000 RSD 1,487,260
10.00%, 12/19/16 439,100,000 RSD 4,175,749
8.00%, 1/12/17 49,570,000 RSD 458,499
8.00%, 3/23/17 570,360,000 RSD 5,272,570
8.00%, 4/06/17 827,050,000 RSD 7,644,167
10.00%, 5/08/17 149,560,000 RSD 1,429,532
10.00%, 7/10/17 3,418,090,000 RSD 32,740,688
10.00%, 11/08/17 848,160,000 RSD 8,166,408
10.00%, 3/02/18 1,570,870,000 RSD 15,149,975
10.00%, 4/27/18 331,320,000 RSD 3,200,245
10.00%, 11/21/18 140,010,000 RSD 1,353,987
10.00%, 8/21/19 2,432,950,000 RSD 23,497,834
10.00%, 3/20/21 357,280,000 RSD 3,409,487
10.00%, 9/11/21 1,505,120,000 RSD 14,278,351
      284,162,460
Singapore 0.0%†      
Government of Singapore, senior note, 1.125%, 4/01/16 2,210,000 SGD 1,642,090
 
Slovenia 1.6%      
fGovernment of Slovenia, senior note, 144A,      
5.50%, 10/26/22 28,870,000   32,901,118
5.85%, 5/10/23 84,940,000   99,229,456
      132,130,574
South Korea 11.9%      
Korea Monetary Stabilization Bond,      
senior bond, 2.80%, 8/02/15 29,838,950,000 KRW 26,832,264
senior bond, 2.81%, 10/02/15 6,951,000,000 KRW 6,262,532
senior bond, 1.96%, 2/02/17 39,466,600,000 KRW 35,564,470
senior note, 2.76%, 6/02/15 82,959,000,000 KRW 74,462,795
senior note, 2.66%, 6/09/15 10,337,650,000 KRW 9,280,409
senior note, 2.90%, 12/02/15 97,007,000,000 KRW 87,603,394
senior note, 2.78%, 2/02/16 107,819,740,000 KRW 97,478,005
senior note, 2.80%, 4/02/16 40,489,280,000 KRW 36,679,158
senior note, 2.79%, 6/02/16 229,756,270,000 KRW 208,490,466
senior note, 2.46%, 8/02/16 40,544,100,000 KRW 36,708,405
senior note, 2.22%, 10/02/16 19,680,100,000 KRW 17,783,173
senior note, 2.07%, 12/02/16 85,448,300,000 KRW 77,100,659
Korea Treasury Bond,      
senior bond, 4.00%, 3/10/16 2,835,300,000 KRW 2,589,763
senior note, 3.25%, 6/10/15 40,661,740,000 KRW 36,508,412
senior note, 4.00%, 9/10/15 7,503,000,000 KRW 6,776,419
senior note, 2.75%, 12/10/15 164,021,360,000 KRW 148,037,036
senior note, 2.75%, 6/10/16 34,790,200,000 KRW 31,560,810
senior note, 3.00%, 12/10/16 69,738,040,000 KRW 63,797,754
      1,003,515,924
Sri Lanka 1.4%      
Government of Sri Lanka,      
8.25%, 3/01/17 10,170,000 LKR 77,623
8.00%, 6/15/17 29,570,000 LKR 224,800
10.60%, 7/01/19 370,020,000 LKR 3,003,927
10.60%, 9/15/19 782,770,000 LKR 6,377,385
8.00%, 11/01/19 29,570,000 LKR 221,100
11.20%, 7/01/22 89,990,000 LKR 766,627
A, 6.50%, 7/15/15 90,460,000 LKR 675,375
A, 11.00%, 8/01/15 148,900,000 LKR 1,119,361
A, 8.50%, 11/01/15 1,067,960,000 LKR 8,032,255
A, 6.40%, 8/01/16 86,300,000 LKR 643,663
A, 5.80%, 1/15/17 394,700,000 LKR 2,903,284
A, 7.50%, 8/15/18 95,560,000 LKR 708,467
A, 8.00%, 11/15/18 542,330,000 LKR 4,070,227
A, 9.00%, 5/01/21 162,810,000 LKR 1,245,515

 

 

Templeton Income Trust        
 
Statement of Investments, May 31, 2015 (unaudited) (continued)        
B, 11.00%, 9/01/15   333,600,000 LKR 2,517,485
B, 8.00%, 6/01/16   1,537,000,000 LKR 11,635,033
B, 6.40%, 10/01/16   885,200,000 LKR 6,585,227
B, 5.80%, 7/15/17   973,900,000 LKR 7,084,904
B, 8.50%, 7/15/18   124,950,000 LKR 954,455
C, 8.50%, 4/01/18   510,340,000 LKR 3,897,379
D, 8.50%, 6/01/18   119,600,000 LKR 913,128
b senior note, Reg S, 6.25%, 7/27/21   50,000,000   50,959,750
        114,616,970
Ukraine 1.6%        
fGovernment of Ukraine,        
144A, 9.25%, 7/24/17   51,390,000   24,859,913
144A, 7.75%, 9/23/20   50,845,000   24,317,892
senior bond, 144A, 6.58%, 11/21/16   9,395,000   4,585,934
senior bond, 144A, 7.80%, 11/28/22   89,130,000   43,005,225
senior note, 144A, 6.25%, 6/17/16   3,000,000   1,445,625
senior note, 144A, 6.75%, 11/14/17   5,140,000   2,492,900
senior note, 144A, 7.95%, 2/23/21   12,058,000   5,810,449
senior note, 144A, 7.50%, 4/17/23   48,570,000   25,499,250
        132,017,188
Uruguay 5.1%        
hGovernment of Uruguay,        
Index Linked, 4.25%, 4/05/27   241,936,502 UYU 8,814,252
senior bond, Index Linked, 5.00%, 9/14/18   171,774,658 UYU 6,524,777
senior bond, Index Linked, 4.375%, 12/15/28   3,659,598,695 UYU 135,037,144
senior bond, Index Linked, 4.00%, 7/10/30   126,398,389 UYU 4,453,657
senior bond, Index Linked, 3.70%, 6/26/37   26,938,316 UYU 890,271
Uruguay Notas del Tesoro,        
10.25%, 8/22/15   579,631,000 UYU 21,565,301
9.50%, 1/27/16   507,279,000 UYU 18,920,750
11.00%, 3/21/17   765,015,000 UYU 27,528,836
7, 13.25%, 4/08/18   121,770,000 UYU 4,596,772
h 10, Index Linked, 4.25%, 1/05/17 276,492,969 UYU 10,288,066
h 13, Index Linked, 4.00%, 5/25/25 592,422,396 UYU 21,206,754
h 14, Index Linked, 4.00%, 6/10/20 561,759,872 UYU 20,529,284
h 16, Index Linked, 3.25%, 1/27/19 974,196 UYU 35,092
h 17, Index Linked, 2.75%, 6/16/16 342,719,827 UYU 12,540,924
h 18, Index Linked, 2.25%, 8/23/17 603,998,685 UYU 21,067,835
h 19, Index Linked, 2.50%, 9/27/22 183,028,690 UYU 5,929,904
h Index Linked, 4.00%, 6/14/15   474,997,818 UYU 17,722,027
Uruguay Treasury Bill,        
1, Strip, 2/10/17 19,000,000 UYU 574,466
Strip, 7/02/15   109,781,000 UYU 4,053,909
Strip, 8/20/15   787,736,000 UYU 28,637,731
Strip, 10/08/15   83,910,000 UYU 3,001,818
Strip, 11/26/15   41,280,000 UYU 1,452,501
Strip, 1/14/16   333,423,000 UYU 11,521,133
Strip, 3/03/16   217,510,000 UYU 7,487,579
Strip, 4/21/16   219,579,000 UYU 7,299,773
Strip, 6/09/16   153,250,000 UYU 5,102,367
Strip, 7/28/16   281,620,000 UYU 9,206,505
Strip, 9/15/16   200,920,000 UYU 6,366,840
Strip, 11/03/16   46,340,000 UYU 1,446,136
Strip, 4/03/17   292,789,000 UYU 8,661,147
Strip, 5/19/17   66,890,000 UYU 1,939,922
        434,403,473
Total Foreign Government and Agency Securities (Cost $5,800,397,829)       5,166,457,017
Quasi-Sovereign and Corporate Bonds 7.1%        
Australia 0.1%        
fBarminco Finance Pty. Ltd., senior note, 144A, 9.00%, 6/01/18   2,200,000   2,081,750

 

 

Templeton Income Trust      
 
Statement of Investments, May 31, 2015 (unaudited) (continued)      
 
fFMG Resources (August 2006) Pty. Ltd., senior secured note, 144A, 9.75%, 3/01/22 8,500,000   9,020,625
      11,102,375
Bermuda 0.1%      
fDigicel Group Ltd., senior note, 144A,      
8.25%, 9/30/20 2,600,000   2,700,750
7.125%, 4/01/22 3,000,000   2,928,750
fDigicel Ltd., senior note, 144A, 6.00%, 4/15/21 6,100,000   6,019,937
      11,649,437
Canada 0.3%      
CHC Helicopter SA, senior secured note, first lien, 9.25%, 10/15/20 9,450,000   8,032,500
fFirst Quantum Minerals Ltd., senior note, 144A,      
6.75%, 2/15/20 7,890,000   7,751,925
7.00%, 2/15/21 5,000,000   4,868,750
fValeant Pharmaceuticals International Inc., senior note, 144A, 7.50%, 7/15/21 1,500,000   1,644,750
      22,297,925
France 0.1%      
CGG SA, senior note,      
7.75%, 5/15/17 1,010,000   994,850
6.50%, 6/01/21 5,300,000   4,531,500
6.875%, 1/15/22 5,700,000   4,834,313
      10,360,663
Germany 0.1%      
fCeramtec Group GmbH, senior note, 144A, 8.25%, 8/15/21 2,600,000 EUR 3,150,922
fUnitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH,      
senior secured bond, first lien, 144A, 5.75%, 1/15/23 1,890,000 EUR 2,252,844
senior secured note, first lien, 144A, 5.625%, 4/15/23 900,000 EUR 1,071,547
fUnitymedia KabelBW GmbH, senior bond, 144A, 6.125%, 1/15/25 4,500,000   4,680,000
      11,155,313
Italy 0.2%      
fWind Acquisition Finance SA, senior note, 144A, 7.375%, 4/23/21 12,000,000   12,585,000
 
Luxembourg 0.3%      
ArcelorMittal, senior note, 6.25%, 3/01/21 8,000,000   8,477,800
Intelsat Jackson Holdings SA,      
senior bond, 6.625%, 12/15/22 2,000,000   1,870,000
senior bond, 5.50%, 8/01/23 6,500,000   5,984,062
senior note, 7.25%, 10/15/20 2,000,000   2,035,000
senior note, 7.50%, 4/01/21 4,300,000   4,380,625
      22,747,487
Mexico 0.1%      
fCemex Finance LLC, senior secured note, first lien, 144A, 6.00%, 4/01/24 8,700,000   8,830,500
 
Netherlands 0.2%      
fInterGen NV, secured bond, 144A, 7.00%, 6/30/23 13,000,000   12,415,000
 
Poland 0.0%†      
fPlay Finance 1 SA, senior note, 144A, 6.50%, 8/01/19 1,300,000 EUR 1,507,623
fPlay Finance 2 SA, senior secured note, 144A, 5.25%, 2/01/19 900,000 EUR 1,025,076
      2,532,699
Russia 0.4%      
fAlfa Bond Issuance PLC (Alfa Bank OJSC), loan participation,      
secured note, 144A, 7.875%, 9/25/17 6,430,000   6,743,462
senior note, 144A, 7.75%, 4/28/21 4,020,000   4,110,450
Gaz Capital SA (OJSC Gazprom), loan participation,      
fsenior bond, 144A, 6.51%, 3/07/22 2,860,000   2,916,342
b senior bond, Reg S, 6.51%, 3/07/22 170,000   173,294
fsenior note, 144A, 5.092%, 11/29/15 8,760,000   8,853,075
LUKOIL International Finance BV,      
f144A, 6.656%, 6/07/22 430,000   454,725
b Reg S, 6.656%, 6/07/22 2,400,000   2,534,736
fsenior note, 144A, 6.125%, 11/09/20 6,180,000   6,423,121

 

 

Templeton Income Trust      
 
Statement of Investments, May 31, 2015 (unaudited) (continued)      
TNK-BP Finance SA,      
fsenior bond, 144A, 7.25%, 2/02/20 590,000   606,963
b senior note, Reg S, 7.875%, 3/13/18 420,000   443,491
      33,259,659
South Africa 0.4%      
f,pEdcon Holdings Pty. Ltd., senior note, 144A, 13.375%, 6/30/19 52,430,000 EUR 14,507,899
pEdcon Ltd.,      
fsecured note, 144A, 9.50%, 3/01/18 2,000,000 EUR 1,820,929
fsenior secured note, 144A, 9.50%, 3/01/18 13,350,000   10,997,062
fsenior secured note, 144A, 9.50%, 3/01/18 7,916,000 EUR 7,218,110
b senior secured note, first lien, Reg S, 9.50%, 3/01/18 100,000 EUR 91,184
      34,635,184
Sweden 0.1%      
fStena AB, senior bond, 144A, 7.00%, 2/01/24 1,900,000   1,843,000
fStena International SA, secured bond, 144A, 5.75%, 3/01/24 6,900,000   6,609,579
      8,452,579
Ukraine 0.2%      
fFinancing of Infrastructure Projects State Enterprise, 144A,      
8.375%, 11/03/17 18,260,000   8,423,520
7.40%, 4/20/18 15,100,000   6,927,125
bState Export-Import Bank of Ukraine (Biz Finance PLC), loan participation, Reg S, 6,430,000   4,730,069
8.75%, 1/22/18      
      20,080,714
United Arab Emirates 0.0%†      
DP World Ltd.,      
f144A, 6.85%, 7/02/37 130,000   149,453
b Reg S, 6.85%, 7/02/37 1,500,000   1,724,460
      1,873,913
United Kingdom 0.2%      
fAlgeco Scotsman Global Finance PLC, senior secured note, first lien, 144A, 8.50%, 2,100,000   2,086,875
10/15/18      
HSBC Holdings PLC, sub. note, 6.50%, 9/15/37 300,000   374,365
Royal Bank of Scotland Group PLC, sub. note, 6.125%, 12/15/22 540,000   595,350
fVirgin Media Finance PLC, senior bond, 144A, 6.375%,      
4/15/23 1,300,000   1,386,125
10/15/24 2,000,000 GBP 3,253,688
fVirgin Media Secured Finance PLC, senior secured bond, first lien, 144A, 5.50%, 4,000,000   4,112,500
1/15/25      
      11,808,903
United States 4.3%      
AmSurg Corp., senior note, 5.625%, 7/15/22 400,000   410,000
kBank of America Corp., junior sub. bond, M, 8.125% to 5/15/18, FRN thereafter, 8,000,000   8,640,000
Perpetual      
fBMC Software Finance Inc., senior note, 144A, 8.125%, 7/15/21 7,500,000   6,815,625
lCaesars Entertainment Operating Co. Inc., senior secured note, first lien, 11.25%, 6,000,000   4,845,000
6/01/17      
California Resources Corp.,      
senior bond, 6.00%, 11/15/24 3,000,000   2,775,000
senior note, 5.50%, 9/15/21 2,100,000   2,000,250
Calpine Corp.,      
senior bond, 5.75%, 1/15/25 7,000,000   7,078,750
fsenior secured bond, first lien, 144A, 7.875%, 1/15/23 4,084,000   4,489,852
CCO Holdings LLC/CCO Holdings Capital Corp., senior bond, 5.25%, 9/30/22 8,200,000   8,343,500
CenturyLink Inc., senior bond, 6.75%, 12/01/23 2,900,000   3,108,437
Chaparral Energy Inc., senior note, 8.25%, 9/01/21 11,400,000   9,291,000
Chesapeake Energy Corp., senior note,      
6.625%, 8/15/20 10,500,000   11,077,500
5.75%, 3/15/23 1,700,000   1,687,250
CHS/Community Health Systems Inc., senior note,      
8.00%, 11/15/19 5,100,000   5,431,500
7.125%, 7/15/20 4,600,000   4,916,250

 

 

Templeton Income Trust    
 
Statement of Investments, May 31, 2015 (unaudited) (continued)    
CIT Group Inc.,    
senior bond, 5.00%, 8/01/23 7,000,000 7,183,400
senior note, 5.375%, 5/15/20 1,700,000 1,808,375
senior note, 5.00%, 8/15/22 6,400,000 6,592,000
Clayton Williams Energy Inc., senior note, 7.75%, 4/01/19 11,000,000 10,395,000
Clear Channel Worldwide Holdings Inc.,    
senior note, 6.50%, 11/15/22 2,000,000 2,125,000
senior sub. note, 7.625%, 3/15/20 200,000 209,500
senior sub. note, 7.625%, 3/15/20 4,500,000 4,775,625
DaVita HealthCare Partners Inc.,    
senior bond, 5.125%, 7/15/24 2,700,000 2,733,750
senior note, 5.75%, 8/15/22 7,100,000 7,579,250
DISH DBS Corp., senior note, 5.875%, 7/15/22 8,050,000 8,231,125
Energy XXI Gulf Coast Inc.,    
7.75%, 6/15/19 1,000,000 457,500
senior note, 9.25%, 12/15/17 4,000,000 2,750,000
fsenior note, 144A, 6.875%, 3/15/24 3,400,000 1,207,000
Equinix Inc., senior bond, 5.375%, 4/01/23 3,800,000 3,933,000
First Data Corp.,    
senior bond, 12.625%, 1/15/21 8,800,000 10,329,000
senior note, 11.25%, 1/15/21 342,000 384,750
fsenior secured bond, second lien, 144A, 8.25%, 1/15/21 4,000,000 4,275,000
Freeport-McMoRan Oil & Gas LLC/FCX Oil & Gas Inc., senior note, 6.875%, 2/15/23 314,000 337,943
Frontier Communications Corp.,    
senior bond, 7.625%, 4/15/24 200,000 193,500
senior note, 8.50%, 4/15/20 200,000 214,500
senior note, 8.75%, 4/15/22 700,000 735,000
senior note, 7.125%, 1/15/23 1,700,000 1,636,250
senior note, 7.875%, 1/15/27 300,000 285,000
Grifols Worldwide Operations Ltd., senior note, 5.25%, 4/01/22 2,200,000 2,249,500
Halcon Resources Corp., senior note, 8.875%, 5/15/21 11,000,000 7,782,500
HCA Inc., senior secured bond, first lien, 5.875%, 3/15/22 13,900,000 15,568,000
iHeartCommunications Inc.,    
senior secured bond, first lien, 9.00%, 3/01/21 6,500,000 6,166,875
senior secured note, first lien, 9.00%, 9/15/22 1,500,000 1,417,125
fJBS USA LLC/Finance Inc.,    
senior bond, 144A, 5.875%, 7/15/24 1,700,000 1,757,375
senior note, 144A, 8.25%, 2/01/20 5,500,000 5,893,250
senior note, 144A, 7.25%, 6/01/21 700,000 743,050
kJPMorgan Chase & Co., junior sub. bond, R, 6.00% to 8/01/23, FRN thereafter, 5,000,000 5,112,500
Perpetual    
Linn Energy LLC/Finance Corp., senior note,    
8.625%, 4/15/20 1,600,000 1,455,000
7.75%, 2/01/21 6,900,000 5,985,750
Midstates Petroleum Co. Inc./LLC, senior note, 9.25%, 6/01/21 6,000,000 2,782,500
Navient Corp., senior note,    
8.45%, 6/15/18 3,900,000 4,377,750
5.50%, 1/15/19 9,600,000 9,984,000
Offshore Group Investment Ltd.,    
senior bond, first lien, 7.125%, 4/01/23 8,000,000 5,640,000
senior secured note, first lien, 7.50%, 11/01/19 4,700,000 3,401,625
Penn Virginia Corp., senior note, 8.50%, 5/01/20 8,000,000 7,620,000
fPost Holdings Inc., senior note, 144A,    
6.75%, 12/01/21 4,500,000 4,466,250
6.00%, 12/15/22 6,100,000 5,726,375
     c,f,lQuicksilver Resources Inc., secured note, second lien, 144A, FRN, 7.00%, 6/21/19 1,700,000 1,130,500
Regency Energy Partners LP/Regency Energy Finance Corp., senior note,    
5.875%, 3/01/22 1,500,000 1,646,250
5.00%, 10/01/22 2,400,000 2,521,440
Reynolds Group Issuer Inc./LLC/SA, senior note,    
8.50%, 5/15/18 3,950,000 4,033,937
9.00%, 4/15/19 8,550,000 8,934,750
Sabine Pass Liquefaction LLC, first lien, 5.625%, 2/01/21 9,600,000 9,966,000
Scientific Games International Inc., senior note, 10.00%, 12/01/22 400,000 389,000
fSirius XM Radio Inc., senior bond, 144A, 6.00%, 7/15/24 9,100,000 9,465,820

 

 

Templeton Income Trust        
 
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Sprint Communications Inc., senior note,        
6.00%, 11/15/22 5,000,000     4,800,000
f144A, 9.00%, 11/15/18 9,000,000     10,338,750
f144A, 7.00%, 3/01/20 400,000     442,500
T-Mobile USA Inc.,        
senior bond, 6.375%, 3/01/25 9,500,000     9,970,250
senior note, 6.542%, 4/28/20 3,200,000     3,392,000
senior note, 6.125%, 1/15/22 600,000     630,750
Tenet Healthcare Corp., senior note,        
8.125%, 4/01/22 3,900,000     4,260,750
f144A, 5.00%, 3/01/19 4,000,000     4,005,000
f,lTexas Competitive Electric Holdings Co. LLC/Texas Competitive Electric Holdings 6,200,000     3,999,000
Finance Inc., senior secured note, first lien, 144A, 11.50%, 10/01/20        
Toll Brothers Finance Corp., senior bond, 5.625%, 1/15/24 400,000     432,000
Verso Paper Holdings LLC/Inc., senior secured note, first lien, 11.75%, 1/15/19 451,000     330,358
Visant Corp., senior note, 10.00%, 10/01/17 5,900,000     5,000,250
fVPI Escrow Corp., senior note, 144A, 6.375%, 10/15/20 10,600,000     11,335,375
W&T Offshore Inc., senior note, 8.50%, 6/15/19 10,000,000     7,200,000
        361,635,487
Total Quasi-Sovereign and Corporate Bonds (Cost $681,346,323)       597,422,838
Credit-Linked Notes 0.0%†        
Ukraine 0.0%†        
c,fCitigroup Inc. (Export/Import Bank of Ukraine), 144A, FRN, 5.50%, 9/01/15 2,568,400   UAH 116,610
fING Americas Issuance BV (Government of Ukraine), 144A, 5.50%,        
8/24/15 15,963,500   UAH 725,337
8/25/15 5,688,200   UAH 258,253
Total Credit-Linked Notes (Cost $1,832,530)       1,100,200
cSenior Floating Rate Interests 0.0%†        
United States 0.0%†        
AdvancePierre Foods Inc., Second Lien Term Loan, 9.50%, 10/10/17 191,948     194,347
mErickson Inc., Purchase Price Notes, 6.00%, 11/02/20 22,452     19,245
FRAM Group Holdings Inc. (Autoparts Holdings), Second Lien Term Loan, 11.00%, 56,404     53,020
1/29/18        
Sensus USA Inc., Second Lien Term Loan, 8.50%, 5/09/18 323,485     321,868
Vertafore Inc., Second Lien Term Loan, 9.75%, 10/27/17 201,821     204,848
Total Senior Floating Rate Interests (Cost $790,839)       793,328
  Shares      
Escrows and Litigation Trusts 0.0%        
        a,mComfort Co. Inc., Escrow Account 1,299     —
a,mNewPage Corp., Litigation Trust 2,500,000     —
Total Escrows and Litigation Trusts (Cost $—)       —
Total Investments before Short Term Investments (Cost $6,542,469,304)       5,817,186,876
  Principal Amount*  
 
 
Short Term Investments 21.0%        
Foreign Government and Agency Securities 8.1%        
Hungary 0.0%†        
jHungary Treasury Bill, 9/16/15 808,310,000   HUF 2,860,826
Malaysia 2.5%        
jBank of Negara Monetary Notes, 6/03/15 - 11/24/15 610,490,000   MYR 165,213,046
Government of Malaysia, 3.197%, 10/15/15 122,690,000   MYR 33,489,634
jMalaysia Treasury Bills, 6/05/15 - 4/29/16 38,470,000   MYR 10,395,684
        209,098,364
Mexico 0.9%        
jMexico Treasury Bills, 6/25/15 - 3/31/16 112,849,290 n MXN 72,177,013
Philippines 0.3%        
jPhilippine Treasury Bills, 6/03/15 - 3/02/16 1,095,130,000   PHP 24,417,254

 

 

Templeton Income Trust      
 
Statement of Investments, May 31, 2015 (unaudited) (continued)      
Serbia 0.0%†      
jSerbia Treasury Bill, 6/25/15 282,690,000 RSD 2,565,208
Singapore 3.3%      
jMonetary Authority of Singapore Treasury Bills,      
6/26/15 - 7/20/15 79,440,000 SGD 58,879,424
7/31/15 170,430,000 SGD 126,256,501
8/21/15 132,710,000 SGD 98,258,064
      283,393,989
South Korea 1.0%      
Korea Monetary Stabilization Bond,      
senior note, 2.13%, 10/08/15 11,284,400,000 KRW 10,144,909
senior note, 1.92%, 3/09/16 1,416,020,000 KRW 1,273,300
senior note, 1.74%, 5/09/16 27,275,500,000 KRW 24,494,285
jKorea Monetary Stabilization Bonds, 7/07/15 - 10/06/15 55,471,360,000 KRW 49,643,457
      85,555,951
Uruguay 0.1%      
jUruguay Treasury Bills, 6/05/15 - 4/11/16 151,670,000 UYU 5,531,094
Total Foreign Government and Agency Securities (Cost $713,247,458)     685,599,699
Total Investments before Money Market Funds (Cost $7,255,716,762)     6,502,786,575
  Shares    
Money Market Funds (Cost $1,096,025,581) 12.9%      
United States 12.9%      
 a,oInstitutional Fiduciary Trust Money Market Portfolio 1,096,025,581   1,096,025,581
Total Investments (Cost $8,351,742,343) 89.7%     7,598,812,156
Other Assets, less Liabilities 10.3%     870,358,080
Net Assets 100.0%   $ 8,469,170,236

 

† Rounds to less than 0.1% of net assets.
* The principal amount is stated in U.S. dollars unless otherwise indicated.
a Non-income producing.
b 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 Trust's Board of Trustees. At May 31, 2015, the aggregate value of these
securities was $99,218,116, representing 1.17% of net assets.
c The coupon rate shown represents the rate at period end.
d Principal amount is stated in 1,000 Brazilian Real Units.
e Redemption price at maturity is adjusted for inflation.
f Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers
or in a public offering registered under the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Trust's Board of Trustees. At
May 31, 2015, the aggregate value of these securities was $950,426,734, representing 11.22% of net assets.
g Principal amount is stated in 100 Mexican Peso Units.
h Principal amount of security is adjusted for inflation.
i Principal amount is stated in 100 Unidad de Inversion Units.
j The security is traded on a discount basis with no stated coupon rate.
k Perpetual security with no stated maturity date.
l Defaulted security or security for which income has been deemed uncollectible.
m Security has been deemed illiquid because it may not be able to be sold within seven days. At May 31, 2015, the aggregate value of these securities was $19,245,
representing less than 0.01% of net assets.
n Principal amount is stated in 10 Mexican Peso Units.
o Institutional Fiduciary Trust Money Market Portfolio is an affiliated open-end management investment company.
p At May 31, 2015, pursuant to the Fund's policies and the requirements of applicable securities law, the Fund may be restricted from trading these securities for a limited or
extended period of time.

 

Templeton Income Trust                  
Statement of Investments, May 31, 2015 (unaudited) (continued)          
 
 
 
At May 31, 2015, the Fund had the following forward exchange contracts outstanding. See Note 3.              
Forward Exchange Contracts                    
        Contract   Settlement   Unrealized   Unrealized  
Currency Counterpartya Type Quantity Amount*   Date   Appreciation   Depreciation  
OTC Forward Exchange Contracts                    
Euro GSCO Buy 52,151,000 56,818,515   6/01/15 $ 476,785 $ -  
Euro GSCO Sell 52,151,000 70,961,083   6/01/15   13,665,784   -  
Japanese Yen GSCO Buy 8,236,852,000 66,319,259   6/01/15   53,590   -  
Japanese Yen GSCO Sell 8,236,852,000 81,152,850   6/01/15   14,780,001   -  
Indian Rupee JPHQ Buy 68,690,000 1,079,098   6/02/15   -   (2,272 )
Indian Rupee JPHQ Sell 68,690,000 1,074,961   6/02/15   -   (1,865 )
Malaysian Ringgit DBAB Buy 2,524,000 767,570   6/02/15   -   (79,197 )
Malaysian Ringgit DBAB Sell 2,524,000 701,228   6/02/15   12,856   -  
Indian Rupee HSBK Buy 132,590,750 2,110,814   6/03/15   -   (32,610 )
Japanese Yen DBAB Sell 6,912,259,000 68,126,579   6/03/15   12,425,768   -  
Chilean Peso BZWS Buy 329,100,000 579,096   6/04/15   -   (46,970 )
Chilean Peso MSCO Buy 195,220,000 313,859   6/04/15   1,795   -  
Japanese Yen JPHQ Sell 2,962,582,246 29,025,574   6/04/15   5,151,964   -  
Chilean Peso DBAB Buy 834,226,800 1,374,684   6/05/15   -   (25,954 )
Chilean Peso MSCO Buy 222,700,000 390,188   6/05/15   -   (30,140 )
Euro BZWS Sell 2,397,130 3,264,771   6/05/15   631,047   -  
Polish Zloty DBAB Buy 18,098,270 4,330,351 EUR 6/05/15   76,047   -  
Chilean Peso DBAB Buy 850,675,000 1,382,865   6/08/15   -   (7,974 )
Chilean Peso MSCO Buy 12,918,740,000 21,225,195   6/08/15   -   (345,467 )
Euro DBAB Sell 7,466,000 10,181,608   6/08/15   1,978,406   -  
Indian Rupee JPHQ Buy 68,690,000 1,079,997   6/08/15   -   (4,318 )
Malaysian Ringgit DBAB Buy 1,294,000 391,587   6/08/15   -   (38,835 )
Malaysian Ringgit DBAB Sell 1,294,000 359,275   6/08/15   6,523   -  
Mexican Peso CITI Buy 162,809,640 12,224,965   6/08/15   -   (1,657,028 )
Polish Zloty DBAB Buy 4,100,000 968,169 EUR 6/08/15   31,192   -  
Euro GSCO Sell 7,506,700 10,238,013   6/09/15   1,989,985   -  
Indian Rupee DBAB Buy 23,321,000 371,742   6/09/15   -   (6,602 )
Japanese Yen CITI Sell 2,026,500,000 19,841,969   6/09/15   3,510,507   -  
Japanese Yen HSBK Sell 3,034,900,000 29,712,266   6/09/15   5,254,158   -  
Mexican Peso CITI Buy 162,627,000 12,262,168   6/09/15   -   (1,706,874 )
Polish Zloty BZWS Buy 7,593,347 1,850,991 EUR 6/09/15   -   (5,942 )
Polish Zloty DBAB Buy 22,045,960 5,372,870 EUR 6/09/15   -   (15,979 )
Polish Zloty JPHQ Buy 717,882,597 174,931,824 EUR 6/09/15   -   (492,904 )
Singapore Dollar DBAB Buy 9,810,000 7,807,091   6/09/15   -   (532,382 )
Singapore Dollar GSCO Buy 5,725,000 4,559,573   6/09/15   -   (314,139 )
Ghanaian Cedi BZWS Buy 3,180,000 845,183   6/10/15   -   (70,158 )
Japanese Yen BZWS Sell 3,257,620,000 31,903,827   6/10/15   5,650,457   -  
Japanese Yen CITI Sell 4,387,300,000 42,902,544   6/10/15   7,545,010   -  
Japanese Yen HSBK Sell 3,469,350,000 33,990,075   6/10/15   6,030,360   -  
Japanese Yen DBAB Sell 1,148,800,000 11,247,308   6/11/15   1,988,923   -  
Japanese Yen JPHQ Sell 3,214,350,000 31,463,264   6/11/15   5,558,243   -  
Polish Zloty CITI Buy 281,000 67,167 EUR 6/11/15   1,236   -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)      
Polish Zloty DBAB Buy 59,680,407 14,432,988 EUR 6/11/15 78,317 -  
Chilean Peso DBAB Buy 472,610,000 770,664   6/12/15 - (7,135 )
Euro GSCO Sell 8,776,716 11,907,371   6/12/15 2,263,534 -  
Mexican Peso CITI Buy 330,714,570 24,731,870   6/12/15 - (3,271,670 )
Polish Zloty DBAB Buy 231,914,746 55,797,032 EUR 6/12/15 619,040 -  
Indian Rupee JPHQ Buy 68,690,000 1,092,815   6/15/15 - (18,471 )
Mexican Peso CITI Buy 142,131,300 10,640,960   6/15/15 - (1,420,067 )
Polish Zloty DBAB Buy 34,627,982 8,261,273 EUR 6/15/15 168,163 -  
Singapore Dollar JPHQ Buy 5,777,000 4,403,201   6/15/15 - (119,825 )
Polish Zloty MSCO Buy 9,266,000 2,259,961 EUR 6/16/15 - (9,335 )
Singapore Dollar DBAB Buy 9,800,000 7,050,360   6/16/15 215,708 -  
Chilean Peso DBAB Buy 846,235,000 1,321,519   6/17/15 44,910 -  
Japanese Yen CITI Sell 38,352,000 376,991   6/17/15 67,879 -  
Japanese Yen JPHQ Sell 1,355,500,000 13,325,731   6/17/15 2,400,584 -  
Chilean Peso DBAB Buy 835,780,000 1,295,582   6/18/15 53,825 -  
Chilean Peso JPHQ Buy 267,969,900 416,426   6/18/15 16,225 -  
Euro DBAB Buy 95,558 100,245   6/18/15 4,762 -  
Euro DBAB Sell 95,558 117,871   6/18/15 12,864 -  
Malaysian Ringgit DBAB Buy 22,000,000 6,685,914   6/18/15 - (693,160 )
Malaysian Ringgit DBAB Sell 22,000,000 6,102,297   6/18/15 109,542 -  
Chilean Peso DBAB Buy 1,500,450,000 2,593,915   6/19/15 - (171,619 )
Chilean Peso MSCO Buy 939,423,579 1,552,644   6/19/15 9,925 (45,983 )
Malaysian Ringgit JPHQ Buy 3,824,153 1,078,441   6/19/15 - (36,829 )
Malaysian Ringgit JPHQ Sell 3,824,153 1,059,821   6/19/15 18,209 -  
Chilean Peso BZWS Buy 1,124,481,000 1,859,415   6/22/15 - (44,644 )
Chilean Peso JPHQ Buy 206,400,000 342,062   6/22/15 - (8,958 )
Chilean Peso MSCO Buy 359,996,421 600,996   6/22/15 - (20,007 )
Japanese Yen DBAB Sell 7,443,020,000 73,092,605   6/22/15 13,098,615 -  
Mexican Peso CITI Buy 127,922,000 9,554,975   6/22/15 - (1,260,255 )
Singapore Dollar HSBK Buy 6,967,000 5,302,534   6/22/15 - (137,700 )
Malaysian Ringgit DBAB Buy 18,932,200 5,760,947   6/23/15 - (605,821 )
Malaysian Ringgit DBAB Sell 18,932,200 5,248,884   6/23/15 93,758 -  
Malaysian Ringgit HSBK Buy 6,027,114 1,695,725   6/23/15 - (54,577 )
Malaysian Ringgit HSBK Sell 6,027,114 1,670,903   6/23/15 29,755 -  
Singapore Dollar DBAB Buy 8,718,400 6,651,205   6/23/15 - (188,164 )
Indian Rupee JPHQ Buy 255,272,000 3,979,882   6/29/15 2,724 -  
South Korean Won DBAB Buy 3,290,000,000 3,177,516   6/29/15 - (227,458 )
Indian Rupee HSBK Buy 268,629,000 4,213,273   6/30/15 - (23,112 )
Japanese Yen BZWS Sell 260,566,000 2,571,523   6/30/15 471,019 -  
Japanese Yen MSCO Sell 1,074,900,000 10,636,361   7/01/15 1,971,153 -  
Philippine Peso JPHQ Buy 17,244,000 394,203   7/01/15 - (7,607 )
Euro DBAB Sell 2,420,000 3,311,383   7/02/15 651,580 -  
Philippine Peso DBAB Buy 73,175,950 1,672,976   7/03/15 - (32,602 )
Indian Rupee DBAB Buy 844,728,083 13,201,455   7/06/15 - (40,799 )
Chilean Peso DBAB Buy 324,947,000 515,167   7/07/15 8,469 -  
Philippine Peso HSBK Buy 90,000,000 2,056,673   7/07/15 - (39,568 )
Malaysian Ringgit DBAB Buy 12,301,000 3,399,475   7/08/15 - (54,024 )
Malaysian Ringgit DBAB Sell 12,301,000 3,405,687   7/08/15 60,236 -  
Philippine Peso DBAB Buy 48,983,060 1,119,869   7/08/15 - (22,103 )
Chilean Peso CITI Buy 25,880,400,000 41,911,579   7/09/15 - (214,641 )

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)      
Euro DBAB Sell 584,893 796,916   7/09/15 153,996 -  
Indian Rupee DBAB Buy 137,306,550 2,170,439   7/09/15 - (32,509 )
Chilean Peso DBAB Buy 214,571,000 376,606   7/10/15 - (30,935 )
Euro JPHQ Sell 11,697,590 15,939,488   7/10/15 3,081,165 -  
Japanese Yen SCNY Sell 125,000,000 1,235,239   7/10/15 227,455 -  
Mexican Peso CITI Buy 219,912,850 16,518,655   7/10/15 - (2,278,361 )
Euro DBAB Sell 29,588,000 40,390,579   7/13/15 7,865,099 -  
Mexican Peso CITI Buy 227,337,200 15,348,592   7/13/15 - (630,876 )
Euro DBAB Sell 477,490 651,391   7/14/15 126,489 -  
Malaysian Ringgit HSBK Buy 686,092,285 174,307,636 EUR 7/14/15 - (5,114,468 )
Malaysian Ringgit JPHQ Buy 444,704,523 103,576,225 EUR 7/14/15 7,023,593 -  
Singapore Dollar HSBK Buy 10,093,000 8,123,270   7/14/15 - (645,007 )
Chilean Peso MSCO Buy 174,920,000 279,002   7/15/15 2,655 -  
Euro DBAB Sell 31,920,000 43,516,536   7/15/15 8,426,449 -  
Indian Rupee DBAB Buy 911,000 14,397   7/15/15 - (229 )
Euro BZWS Sell 18,964,000 25,902,169   7/16/15 5,054,465 -  
Euro GSCO Sell 6,019,000 8,218,102   7/16/15 1,601,231 -  
Euro MSCO Sell 6,498,000 8,872,109   7/16/15 1,728,659 -  
Japanese Yen HSBK Sell 218,790,000 1,884,821   7/16/15 120,752 -  
Japanese Yen SCNY Sell 240,140,000 2,060,032   7/16/15 123,822 -  
Euro DBAB Sell 3,359,340 4,579,452   7/17/15 886,370 -  
Indian Rupee JPHQ Buy 79,884,700 1,261,750   7/17/15 - (19,876 )
Chilean Peso DBAB Buy 99,300,000 159,595   7/20/15 220 -  
Euro BZWS Sell 16,108,531 21,838,819   7/20/15 4,129,121 -  
Euro DBAB Sell 10,554,660 14,310,008   7/20/15 2,706,229 -  
Euro GSCO Sell 6,019,000 8,164,292   7/20/15 1,547,011 -  
Indian Rupee DBAB Buy 876,728,000 13,836,156   7/20/15 - (214,781 )
Euro DBAB Sell 10,079,000 13,665,612   7/21/15 2,584,601 -  
Japanese Yen DBAB Sell 2,079,900,000 17,886,228   7/21/15 1,115,333 -  
Japanese Yen HSBK Sell 126,059,100 1,081,997   7/21/15 65,542 -  
Euro DBAB Buy 5,307,000 6,301,532   7/22/15 - (466,842 )
Euro DBAB Sell 7,557,080 10,246,645   7/22/15 1,938,144 -  
Euro MSCO Sell 7,066,000 9,565,527   7/22/15 1,796,935 -  
Indian Rupee DBAB Buy 451,000 7,099   7/22/15 - (94 )
Indian Rupee JPHQ Buy 3,711,000 58,438   7/22/15 - (804 )
Malaysian Ringgit DBAB Buy 1,338,600 411,560   7/22/15 - (47,927 )
Malaysian Ringgit DBAB Sell 1,338,600 369,330   7/22/15 5,697 -  
Euro DBAB Buy 8,890,088 9,463,632   7/23/15 310,573 -  
Euro DBAB Sell 25,019,558 32,467,969   7/23/15 4,960,222 -  
Japanese Yen MSCO Sell 5,282,022,900 52,320,049   7/23/15 9,728,412 -  
Singapore Dollar JPHQ Buy 5,820,000 4,354,006   7/23/15 - (42,695 )
Japanese Yen CITI Sell 2,765,977,000 27,369,110   7/24/15 5,065,366 -  
Japanese Yen JPHQ Sell 4,261,000,000 42,140,137   7/24/15 7,781,120 -  
Chilean Peso JPHQ Buy 110,826,000 177,991   7/27/15 253 -  
Euro DBAB Sell 15,302,395 20,636,197   7/27/15 3,810,940 -  
Euro GSCO Sell 11,883,000 16,031,949   7/27/15 2,966,378 -  
Indian Rupee DBAB Buy 426,079,000 6,633,128   7/27/15 - (22,463 )
Japanese Yen JPHQ Sell 1,484,000,000 14,684,346   7/27/15 2,717,532 -  
Chilean Peso MSCO Buy 360,495,000 620,223   7/28/15 - (40,486 )
Euro BZWS Sell 1,066,000 1,437,959   7/28/15 265,855 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)      
Euro CITI Sell 3,469,716 4,680,404   7/28/15 865,330 -  
Euro GSCO Sell 2,285,000 3,083,653   7/28/15 571,216 -  
Euro BZWS Sell 20,616,550 27,756,062   7/29/15 5,087,104 -  
Euro DBAB Sell 10,310,667 13,889,912   7/29/15 2,552,803 -  
Japanese Yen BZWS Sell 209,770,000 2,067,667   7/29/15 376,063 -  
Chilean Peso JPHQ Buy 440,000,000 756,144   7/30/15 - (48,682 )
Chilean Peso DBAB Buy 617,450,000 1,061,732   7/31/15 - (69,047 )
Chilean Peso JPHQ Buy 638,000,000 1,096,408   7/31/15 - (70,685 )
Euro JPHQ Sell 2,285,000 3,072,091   7/31/15 559,541 -  
Indian Rupee DBAB Buy 869,077,828 13,481,286   7/31/15 - (7,211 )
Malaysian Ringgit HSBK Buy 12,000,000 3,694,354   7/31/15 - (436,928 )
Malaysian Ringgit HSBK Sell 12,000,000 3,315,925   7/31/15 58,498 -  
Euro DBAB Sell 4,639,000 6,222,755   8/03/15 1,121,553 -  
Mexican Peso JPHQ Buy 138,330,710 10,310,107   8/03/15 - (1,368,383 )
Chilean Peso DBAB Buy 263,440,000 446,811   8/04/15 - (23,433 )
Euro BZWS Sell 47,788,588 64,100,506   8/04/15 11,549,769 -  
Euro HSBK Sell 2,285,000 3,066,527   8/04/15 553,826 -  
Mexican Peso CITI Buy 651,707,000 43,545,972   8/04/15 - (1,422,340 )
Chilean Peso BZWS Buy 435,250,000 705,830   8/05/15 - (6,399 )
Chilean Peso JPHQ Buy 172,600,000 292,493   8/05/15 - (15,131 )
Euro BZWS Sell 1,141,000 1,533,818   8/05/15 279,098 -  
Euro MSCO Sell 17,547,509 23,582,975   8/05/15 4,286,562 -  
Indian Rupee HSBK Buy 132,590,750 2,061,023   8/05/15 - (7,157 )
Japanese Yen CITI Sell 2,741,651,200 26,793,562   8/05/15 4,682,699 -  
Chilean Peso DBAB Buy 584,605,000 961,769   8/06/15 - (22,419 )
Euro GSCO Sell 13,891,708 18,677,124   8/06/15 3,400,644 -  
Malaysian Ringgit HSBK Buy 24,550,000 7,511,321   8/06/15 - (850,388 )
Malaysian Ringgit HSBK Sell 24,550,000 6,781,019   8/06/15 120,086 -  
Mexican Peso MSCO Buy 263,249,180 19,465,334   8/06/15 - (2,452,292 )
Polish Zloty DBAB Buy 61,736,080 14,485,237 EUR 8/06/15 528,826 -  
Singapore Dollar DBAB Buy 5,045,000 4,052,860   8/06/15 - (316,764 )
Japanese Yen MSCO Sell 460,900,000 4,504,496   8/07/15 787,337 -  
Mexican Peso CITI Buy 47,042,000 3,459,479   8/07/15 - (419,494 )
Mexican Peso MSCO Buy 131,396,890 9,670,994   8/07/15 - (1,179,760 )
Euro CITI Sell 303,457 406,025   8/10/15 72,299 -  
Chilean Peso BZWS Buy 265,850,000 448,049   8/11/15 - (21,078 )
Chilean Peso MSCO Buy 17,761,679,400 28,816,586   8/11/15 - (290,260 )
Euro DBAB Sell 2,391,000 3,203,832   8/11/15 574,293 -  
Indian Rupee HSBK Buy 237,532,000 3,649,846   8/11/15 25,716 -  
Japanese Yen CITI Sell 32,863,000 322,582   8/11/15 57,528 -  
Malaysian Ringgit HSBK Buy 8,350,000 2,549,540   8/11/15 - (284,921 )
Malaysian Ringgit HSBK Sell 8,350,000 2,305,611   8/11/15 40,991 -  
Mexican Peso MSCO Buy 65,393,000 4,814,519   8/11/15 - (589,778 )
Singapore Dollar HSBK Buy 14,352,900 11,194,596   8/11/15 - (566,545 )
Chilean Peso DBAB Buy 357,080,000 586,050   8/12/15 - (12,611 )
Indian Rupee DBAB Buy 93,191,125 1,429,766   8/12/15 12,018 -  
Indian Rupee HSBK Buy 47,584,000 729,936   8/12/15 6,248 -  
Malaysian Ringgit JPHQ Buy 5,674,000 1,728,034   8/12/15 - (189,301 )
Malaysian Ringgit JPHQ Sell 5,674,000 1,565,673   8/12/15 26,941 -  
Singapore Dollar DBAB Buy 10,048,000 7,411,943   8/12/15 28,265 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)      
South Korean Won HSBK Buy 2,467,000,000 238,435,814 JPY 8/12/15 286,270 -  
Chilean Peso JPHQ Buy 315,000,000 532,995   8/13/15 - (27,181 )
Indian Rupee HSBK Buy 620,000 9,553   8/13/15 37 -  
Singapore Dollar DBAB Buy 2,650,000 1,952,046   8/13/15 10,151 -  
Euro MSCO Sell 6,632,830 8,284,139   8/14/15 989,252 -  
Chilean Peso CITI Buy 603,678,000 999,186   8/17/15 - (30,187 )
Chilean Peso JPHQ Buy 421,196,000 697,749   8/17/15 - (21,663 )
Euro DBAB Sell 291,630 390,764   8/17/15 70,010 -  
Euro MSCO Sell 6,632,824 8,904,731   8/17/15 1,609,523 -  
Japanese Yen CITI Sell 1,882,140,000 15,792,812   8/17/15 611,442 -  
Mexican Peso MSCO Buy 6,013,000 448,009   8/17/15 - (59,694 )
Singapore Dollar BZWS Buy 4,267,000 3,147,452   8/17/15 11,807 -  
Singapore Dollar DBAB Buy 4,645,000 3,421,605   8/17/15 17,522 -  
Singapore Dollar HSBK Buy 3,202,500 2,358,117   8/17/15 12,993 -  
Chilean Peso MSCO Buy 113,010,000 190,429   8/18/15 - (9,047 )
Euro BZWS Sell 9,579,000 12,855,162   8/18/15 2,319,400 -  
Euro JPHQ Sell 17,614,000 23,619,669   8/18/15 4,246,363 -  
Japanese Yen DBAB Sell 36,644,000 359,295   8/18/15 63,721 -  
Singapore Dollar HSBK Buy 3,202,500 2,358,117   8/18/15 12,946 -  
Polish Zloty DBAB Buy 11,975,000 2,809,714 EUR 8/19/15 100,692 -  
Chilean Peso JPHQ Buy 145,350,000 245,006   8/20/15 - (11,762 )
Euro DBAB Sell 7,514,583 10,079,498   8/20/15 1,814,102 -  
Euro JPHQ Sell 10,643,000 14,281,576   8/20/15 2,575,190 -  
Japanese Yen HSBK Sell 97,747,000 956,429   8/20/15 167,970 -  
Japanese Yen JPHQ Sell 49,654,000 486,084   8/20/15 85,559 -  
Euro DBAB Sell 20,023,770 26,697,693   8/21/15 4,672,935 -  
Chilean Peso DBAB Buy 42,530,000 69,928   8/24/15 - (1,705 )
Japanese Yen BZWS Sell 16,448,000 159,862   8/24/15 27,180 -  
Mexican Peso HSBK Buy 26,875,955 2,006,717   8/24/15 - (271,903 )
Polish Zloty DBAB Buy 15,735,929 3,682,728 EUR 8/24/15 141,724 -  
Singapore Dollar DBAB Buy 3,202,500 2,348,563   8/24/15 22,220 -  
Japanese Yen DBAB Sell 16,255,000 157,193   8/25/15 26,067 -  
Japanese Yen HSBK Sell 32,622,000 315,646   8/25/15 52,490 -  
Euro BZWS Sell 3,101,513 4,126,951   8/26/15 715,246 -  
Euro GSCO Sell 8,745,205 11,636,370   8/26/15 2,016,530 -  
Indian Rupee DBAB Buy 871,067,000 13,426,852   8/26/15 16,647 -  
Japanese Yen BZWS Sell 65,296,000 632,309   8/26/15 105,571 -  
Japanese Yen JPHQ Sell 231,993,000 1,988,475   8/26/15 117,004 -  
Japanese Yen SCNY Sell 90,565,000 759,503   8/26/15 28,921 -  
Singapore Dollar DBAB Buy 13,944,000 10,243,902   8/26/15 78,309 -  
Chilean Peso DBAB Buy 139,370,000 230,347   8/27/15 - (6,846 )
Euro DBAB Buy 4,096,646 4,529,719   8/27/15 47,273 (70,561 )
Euro DBAB Sell 4,096,646 4,691,069   8/27/15 184,638 -  
Japanese Yen DBAB Sell 66,294,000 639,962   8/27/15 105,166 -  
Japanese Yen HSBK Sell 81,408,000 785,928   8/27/15 129,207 -  
Japanese Yen JPHQ Sell 158,882,000 1,535,782   8/27/15 254,076 -  
Mexican Peso HSBK Buy 26,959,184 2,005,519   8/27/15 - (265,683 )
Polish Zloty DBAB Buy 37,383,002 8,768,149 EUR 8/27/15 314,113 -  
South Korean Won JPHQ Buy 27,147,200,000 26,279,961   8/27/15 - (1,977,161 )
Chilean Peso JPHQ Buy 237,800,000 396,862   8/28/15 - (15,550 )

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)      
Mexican Peso CITI Buy 37,742,600 2,811,367   8/28/15 - (375,793 )
Philippine Peso JPHQ Buy 91,000,000 2,069,828   8/28/15 - (35,547 )
Chilean Peso DBAB Buy 863,498,000 1,387,658   8/31/15 - (3,437 )
Euro DBAB Sell 5,908,531 7,814,741   8/31/15 1,314,728 -  
Euro HSBK Sell 1,064,470 1,212,325   8/31/15 41,295 -  
Japanese Yen JPHQ Sell 634,291,000 6,132,118   8/31/15 1,014,907 -  
Mexican Peso HSBK Buy 18,052,900 1,342,972   9/04/15 - (178,595 )
Chilean Peso DBAB Buy 39,500,000 65,225   9/08/15 - (1,953 )
Euro DBAB Sell 8,776,717 11,578,421   9/08/15 1,921,747 -  
Polish Zloty DBAB Buy 8,360,000 1,960,141 EUR 9/08/15 69,739 -  
Singapore Dollar MSCO Buy 5,055,000 3,697,608   9/08/15 43,548 -  
Indian Rupee JPHQ Buy 68,690,000 1,057,257   9/10/15 84 -  
Singapore Dollar GSCO Buy 5,725,000 4,187,697   9/10/15 49,170 -  
Euro DBAB Sell 8,670,000 11,216,379   9/11/15 1,676,622 -  
Indian Rupee CITI Buy 85,545,000 1,306,629   9/11/15 9,931 -  
Polish Zloty DBAB Buy 12,599,020 2,943,352 EUR 9/14/15 115,917 -  
Singapore Dollar HSBK Buy 8,971,900 6,436,083   9/16/15 202,993 -  
British Pound DBAB Buy 1,128,200 1,684,403   9/17/15 38,626 -  
British Pound DBAB Sell 2,283,468 3,525,675   9/17/15 38,278 -  
Euro DBAB Buy 2,752,389 3,098,928   9/17/15 10,356 (80,464 )
Euro DBAB Sell 2,752,389 3,128,915   9/17/15 100,095 -  
Japanese Yen BZWS Sell 240,903,916 2,259,590   9/18/15 315,444 -  
Malaysian Ringgit DBAB Buy 41,150,164 12,542,340   9/18/15 - (1,414,913 )
Malaysian Ringgit DBAB Sell 41,150,164 11,330,827   9/18/15 203,400 -  
Singapore Dollar DBAB Buy 7,150,000 5,136,494   9/18/15 154,215 -  
Euro BZWS Sell 341,006 443,777   9/21/15 68,496 -  
Singapore Dollar HSBK Buy 9,257,000 7,335,182   9/21/15 - (485,742 )
South Korean Won CITI Buy 35,659,300,000 31,295,186   9/21/15 612,925 -  
Euro DBAB Sell 8,113,820 10,478,593   9/23/15 1,548,937 -  
Hungarian Forint JPHQ Buy 2,646,283,000 8,410,778 EUR 9/23/15 124,683 -  
Malaysian Ringgit HSBK Buy 7,500,000 2,272,934   9/24/15 - (245,781 )
Malaysian Ringgit HSBK Sell 7,500,000 2,064,182   9/24/15 37,030 -  
Hungarian Forint JPHQ Buy 2,118,389,000 6,725,685 EUR 9/25/15 107,314 -  
Euro CITI Sell 1,573,442 2,029,268   9/28/15 297,467 -  
Euro DBAB Sell 3,032,100 3,904,829   9/28/15 567,563 -  
Indian Rupee HSBK Buy 34,619,025 532,905   9/28/15 - (1,686 )
Malaysian Ringgit DBAB Buy 10,571,500 3,189,759   9/28/15 - (333,288 )
Malaysian Ringgit DBAB Sell 10,571,500 2,908,813   9/28/15 52,342 -  
Malaysian Ringgit HSBK Buy 10,963,000 3,307,987   9/28/15 - (345,731 )
Malaysian Ringgit HSBK Sell 10,963,000 3,016,454   9/28/15 54,198 -  
Japanese Yen JPHQ Sell 241,286,602 2,220,994   9/29/15 273,377 -  
Indian Rupee DBAB Buy 753,311,988 11,525,140   9/30/15 30,194 -  
Japanese Yen JPHQ Sell 14,763,000 136,011   9/30/15 16,845 -  
Mexican Peso HSBK Buy 29,828,560 2,159,456   9/30/15 - (239,229 )
Serbian Dinar DBAB Buy 904,845,548 7,262,003 EUR 9/30/15 121,561 -  
South Korean Won HSBK Buy 3,301,000,000 3,139,026   9/30/15 - (185,773 )
Euro DBAB Sell 770,715 983,139   10/01/15 134,811 -  
Malaysian Ringgit DBAB Buy 19,420,800 5,803,317   10/05/15 - (558,511 )
Malaysian Ringgit DBAB Sell 19,420,800 5,340,960   10/05/15 96,154 -  
Euro JPHQ Sell 1,950,000 2,471,372   10/07/15 324,776 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)      
Japanese Yen JPHQ Sell 12,075,500,000 111,474,729   10/07/15 13,989,704 -  
Euro DBAB Sell 1,124,643 1,224,680   10/08/15 - (13,369 )
Euro DBAB Sell 32,410,000 41,113,706   10/09/15 5,434,935 -  
Euro GSCO Sell 645,000 817,118   10/09/15 107,066 -  
Japanese Yen HSBK Sell 6,005,600,000 55,737,720   10/09/15 7,253,015 -  
Euro HSBK Sell 2,107,000 2,286,011   10/13/15 - (33,657 )
Japanese Yen BZWS Sell 3,040,800,000 28,240,213   10/13/15 3,689,316 -  
Japanese Yen DBAB Sell 2,999,000,000 27,869,157   10/13/15 3,655,747 -  
South Korean Won JPHQ Buy 11,328,005,920 10,327,291   10/13/15 - (195,104 )
Euro BZWS Sell 101,055,000 129,082,604   10/14/15 17,825,786 -  
Euro JPHQ Buy 100,536,000 119,645,380   10/14/15 - (8,959,957 )
Euro JPHQ Sell 189,549,000 242,185,471   10/14/15 33,500,908 -  
Mexican Peso DBAB Buy 814,798,000 59,578,678   10/14/15 - (7,179,363 )
South Korean Won JPHQ Buy 22,871,824,720 21,154,111   10/14/15 - (697,088 )
Euro DBAB Sell 10,678,448 13,551,484   10/15/15 1,794,808 -  
Malaysian Ringgit DBAB Buy 803,510,924 203,104,775 EUR 10/15/15 - (6,780,175 )
Euro BZWS Sell 70,159,000 89,487,805   10/16/15 12,243,332 -  
Japanese Yen JPHQ Sell 1,812,355,000 17,146,702   10/19/15 2,512,485 -  
Euro DBAB Sell 4,903,000 6,274,761   10/20/15 876,222 -  
Euro HSBK Sell 512,000 655,565   10/20/15 91,818 -  
Japanese Yen JPHQ Sell 3,423,100,000 32,377,394   10/20/15 4,736,404 -  
Malaysian Ringgit JPHQ Buy 7,017,150 2,096,737   10/20/15 - (203,832 )
Malaysian Ringgit JPHQ Sell 7,017,150 1,926,677   10/20/15 33,772 -  
Euro DBAB Sell 13,110,000 16,851,594   10/21/15 2,416,331 -  
British Pound DBAB Sell 1,178,293 1,786,764   10/22/15 - (12,403 )
Japanese Yen BZWS Sell 1,015,610,000 9,544,310   10/22/15 1,343,126 -  
Malaysian Ringgit HSBK Buy 1,407,000 420,791   10/23/15 - (41,334 )
Malaysian Ringgit HSBK Sell 1,407,000 386,443   10/23/15 6,985 -  
Euro DBAB Sell 8,888,599 11,282,743   10/26/15 1,494,758 -  
Malaysian Ringgit DBAB Buy 968,000 290,490   10/26/15 - (29,487 )
Malaysian Ringgit DBAB Sell 968,000 265,832   10/26/15 4,829 -  
Malaysian Ringgit HSBK Buy 645,008 193,580   10/26/15 - (19,665 )
Malaysian Ringgit HSBK Sell 645,008 177,108   10/26/15 3,193 -  
Singapore Dollar BZWS Buy 84,375,966 66,438,291   10/26/15 - (4,045,415 )
Singapore Dollar CITI Buy 47,913,020 37,726,342   10/26/15 - (2,296,453 )
Singapore Dollar DBAB Buy 21,298,765 16,766,720   10/26/15 - (1,017,079 )
Euro BZWS Sell 10,045,933 12,758,034   10/27/15 1,695,417 -  
Euro DBAB Sell 2,310,730 2,939,480   10/28/15 394,851 -  
Euro GSCO Sell 4,280,000 5,444,160   10/29/15 730,844 -  
Euro DBAB Sell 6,331,805 8,085,399   10/30/15 1,112,426 -  
Malaysian Ringgit JPHQ Buy 1,774,000 531,217   10/30/15 - (53,036 )
Malaysian Ringgit JPHQ Sell 1,774,000 486,761   10/30/15 8,580 -  
Polish Zloty BZWS Buy 622,000 145,070 EUR 10/30/15 5,628 -  
Euro DBAB Sell 739,956 937,154   11/03/15 122,212 -  
Mexican Peso CITI Buy 30,255,700 2,199,215   11/03/15 - (256,323 )
Euro UBSW Sell 234,000 294,197   11/04/15 36,479 -  
Mexican Peso CITI Buy 660,431,000 43,332,240   11/04/15 - (925,267 )
Euro DBAB Sell 519,000 650,945   11/05/15 79,331 -  
Japanese Yen BOFA Sell 619,900,000 5,456,866   11/05/15 449,835 -  
Japanese Yen SCNY Sell 1,239,900,000 10,949,698   11/05/15 934,829 -  

 

 

Templeton Income Trust            
Statement of Investments, May 31, 2015 (unaudited) (continued)      
Euro BZWS Sell 2,833,959 3,560,133 11/06/15 438,821 -  
Japanese Yen BZWS Sell 619,000,000 5,488,075 11/06/15 488,224 -  
Euro CITI Buy 41,479,000 49,373,905 11/09/15 - (3,686,693 )
Euro CITI Sell 41,479,000 51,936,893 11/09/15 6,249,681 -  
Euro GSCO Sell 15,008,000 16,896,757 11/09/15 366,134 -  
Mexican Peso CITI Buy 27,414,000 1,826,869 11/09/15 - (67,229 )
Euro DBAB Buy 185,465,000 220,651,420 11/10/15 - (16,366,670 )
Euro DBAB Sell 185,465,000 231,636,512 11/10/15 27,351,762 -  
Japanese Yen CITI Sell 207,713,767 1,822,011 11/10/15 144,123 -  
Euro DBAB Sell 7,100,000 8,846,636 11/12/15 1,025,902 -  
Euro JPHQ Sell 8,837,922 11,074,358 11/12/15 1,339,282 -  
Euro MSCO Sell 5,828,000 7,286,249 11/12/15 866,638 -  
Euro UBSW Sell 7,424,000 9,254,109 11/12/15 1,076,485 -  
Japanese Yen CITI Sell 6,387,542,400 55,647,002 11/12/15 4,047,329 -  
Japanese Yen HSBK Sell 85,634,000 750,665 11/12/15 58,899 -  
Japanese Yen JPHQ Sell 2,417,114,000 21,237,778 11/12/15 1,711,913 -  
Mexican Peso CITI Buy 21,221,000 1,529,607 11/12/15 - (167,779 )
Uruguayan Peso CITI Buy 53,300,000 2,040,582 11/12/15 - (138,396 )
Euro BZWS Sell 11,708,000 14,613,809 11/13/15 1,717,082 -  
Euro GSCO Sell 11,495,000 12,840,260 11/13/15 178,159 -  
Euro SCNY Sell 3,160,000 3,532,943 11/13/15 52,105 -  
Japanese Yen GSCO Sell 827,501,000 6,915,031 11/13/15 230,215 -  
Japanese Yen SCNY Sell 618,542,000 5,168,428 11/13/15 171,649 -  
Euro BZWS Sell 31,079,000 38,896,301 11/16/15 4,660,017 -  
Euro DBAB Sell 20,232,106 25,319,469 11/16/15 3,032,004 -  
Euro GSCO Sell 7,665,000 8,639,145 11/16/15 195,465 -  
Euro MSCO Sell 7,513,000 9,401,355 11/16/15 1,125,117 -  
Japanese Yen CITI Sell 618,542,000 5,168,774 11/16/15 171,726 -  
Japanese Yen DBAB Sell 2,783,555,000 24,269,192 11/16/15 1,781,540 -  
Japanese Yen MSCO Sell 13,000,000 113,364 11/16/15 8,340 -  
Japanese Yen SCNY Sell 206,868,600 1,806,997 11/16/15 135,756 -  
Singapore Dollar DBAB Buy 4,645,000 3,460,478 11/16/15 - (26,948 )
Australian Dollar JPHQ Sell 48,982,000 39,401,121 11/18/15 2,306,549 -  
Euro DBAB Sell 3,180,000 3,967,047 11/18/15 463,871 -  
Japanese Yen BOFA Sell 1,434,111,250 12,082,933 11/18/15 496,687 -  
Japanese Yen DBAB Sell 98,350,000 847,991 11/18/15 53,417 -  
Malaysian Ringgit JPHQ Buy 35,805,300 10,451,356 11/18/15 - (813,923 )
Malaysian Ringgit JPHQ Sell 35,805,300 9,811,553 11/18/15 174,120 -  
Euro DBAB Sell 10,910,999 13,643,417 11/19/15 1,623,350 -  
Japanese Yen CITI Sell 121,737,000 1,051,224 11/19/15 67,688 -  
Malaysian Ringgit DBAB Buy 3,178,320 929,986 11/19/15 - (74,567 )
Malaysian Ringgit DBAB Sell 3,178,320 871,417 11/19/15 15,998 -  
Singapore Dollar DBAB Buy 11,300,200 8,522,021 11/19/15 - (169,486 )
Brazilian Real HSBK Buy 91,050,000 31,900,357 11/20/15 - (4,982,404 )
Euro BZWS Sell 5,638,000 7,084,257 11/20/15 873,063 -  
Euro DBAB Sell 7,279,000 9,136,310 11/20/15 1,117,282 -  
Japanese Yen CITI Sell 136,747,000 1,179,871 11/20/15 75,046 -  
Malaysian Ringgit HSBK Buy 8,066,000 2,353,731 11/20/15 - (182,997 )
Malaysian Ringgit HSBK Sell 8,066,000 2,211,135 11/20/15 40,402 -  
Uruguayan Peso CITI Buy 53,200,000 2,028,212 11/20/15 - (133,531 )

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)      
Euro GSCO Sell 15,810,277 17,747,036   11/23/15 328,475 -  
Euro MSCO Sell 6,942,000 8,731,301   11/23/15 1,083,133 -  
Japanese Yen HSBK Sell 25,664,000 219,538   11/24/15 12,175 -  
Euro MSCO Sell 12,100,000 15,084,707   11/25/15 1,753,380 -  
Singapore Dollar BZWS Buy 7,817,000 5,837,721   11/27/15 - (60,574 )
Euro DBAB Sell 7,361,600 9,177,191   11/30/15 1,065,548 -  
Mexican Peso CITI Buy 47,447,900 3,401,527   11/30/15 - (360,686 )
Singapore Dollar DBAB Buy 13,172,000 9,803,545   11/30/15 3,055 (72,276 )
Euro GSCO Sell 52,151,000 56,979,140   12/01/15 - (486,603 )
Japanese Yen GSCO Sell 8,236,852,000 66,502,919   12/01/15 - (62,393 )
Uruguayan Peso CITI Buy 79,460,000 3,089,425   12/01/15 - (267,491 )
Euro CITI Sell 8,173,000 10,200,313   12/04/15 1,193,791 -  
Euro DBAB Sell 8,035,000 10,025,270   12/04/15 1,170,822 -  
Euro CITI Buy 7,059,000 8,407,693   12/07/15 - (628,259 )
Euro CITI Sell 7,059,000 8,746,807   12/07/15 967,374 -  
Euro DBAB Sell 183,617 227,906   12/09/15 25,540 -  
Euro HSBK Sell 7,767 9,568   12/09/15 1,008 -  
Euro SCNY Sell 3,227,500 3,986,995   12/09/15 429,941 -  
Euro MSCO Sell 964,000 1,208,282   12/11/15 145,802 -  
Mexican Peso CITI Buy 197,663,500 13,432,790   12/11/15 - (775,717 )
Euro DBAB Sell 4,002,875 4,980,978   12/14/15 568,882 -  
Euro BOFA Sell 55,504,000 69,016,449   12/15/15 7,836,808 -  
Euro CITI Sell 24,838,000 30,887,295   12/15/15 3,509,450 -  
Euro JPHQ Sell 455,000 567,990   12/15/15 66,463 -  
Malaysian Ringgit DBAB Buy 8,400,000 2,346,041   12/15/15 - (89,446 )
Malaysian Ringgit DBAB Sell 8,400,000 2,299,039   12/15/15 42,444 -  
Polish Zloty DBAB Buy 15,880,000 3,739,110 EUR 12/15/15 95,339 -  
Euro DBAB Sell 552,375 689,695   12/17/15 80,809 -  
Mexican Peso CITI Buy 678,764,000 44,934,468   12/17/15 - (1,491,058 )
Mexican Peso HSBK Buy 345,556,000 22,862,095   12/17/15 - (745,231 )
Mexican Peso CITI Buy 272,377,220 18,034,574   12/18/15 - (602,771 )
Mexican Peso HSBK Buy 217,115,000 14,334,145   12/18/15 - (439,056 )
Japanese Yen DBAB Sell 7,430,160,000 63,603,493   12/21/15 3,524,055 -  
Japanese Yen HSBK Sell 7,441,570,000 63,630,355   12/21/15 3,458,657 -  
Japanese Yen BZWS Sell 3,208,950,000 27,138,834   12/22/15 1,190,905 -  
Japanese Yen CITI Sell 5,005,980,000 42,394,817   12/22/15 1,915,903 -  
Euro BZWS Sell 6,275,000 7,648,134   1/05/16 728,218 -  
Euro DBAB Sell 2,823,843 3,386,974   1/07/16 272,769 -  
Japanese Yen DBAB Sell 95,091,000 798,386   1/07/16 29,128 -  
Japanese Yen GSCO Sell 1,641,201,000 13,859,739   1/08/16 582,540 -  
Euro BZWS Sell 10,982,000 13,067,921   1/11/16 955,611 -  
Euro UBSW Sell 1,080,000 1,283,818   1/11/16 92,660 -  
Malaysian Ringgit JPHQ Buy 33,293,000 9,006,628   1/11/16 - (79,627 )
Malaysian Ringgit JPHQ Sell 33,293,000 9,089,743   1/11/16 162,742 -  
Euro DBAB Sell 22,540 26,715   1/12/16 1,855 -  
Euro SCNY Sell 1,738,694 2,065,134   1/13/16 147,401 -  
Japanese Yen HSBK Sell 276,930,000 2,335,730   1/13/16 95,075 -  
Japanese Yen CITI Sell 83,690,000 705,911   1/14/16 28,752 -  
Japanese Yen SCNY Sell 251,020,000 2,130,538   1/14/16 99,466 -  
Euro JPHQ Sell 92,881,000 109,850,266   1/15/16 7,400,402 -  

 

 

Templeton Income Trust            
Statement of Investments, May 31, 2015 (unaudited) (continued)      
Japanese Yen BZWS Sell 5,795,250,000 49,324,215 1/15/16 2,431,941 -  
Japanese Yen JPHQ Sell 3,767,300,000 31,943,597 1/15/16 1,460,483 -  
Euro BZWS Sell 92,881,000 109,922,156 1/19/16 7,463,099 -  
Euro DBAB Sell 20,580,000 24,323,502 1/19/16 1,621,255 -  
Euro GSCO Sell 2,121,000 2,520,066 1/19/16 180,345 -  
Euro JPHQ Sell 92,473,139 109,270,884 1/19/16 7,261,749 -  
Euro CITI Sell 3,262,570 3,797,986 1/20/16 198,894 -  
Euro DBAB Sell 186,978 219,204 1/20/16 12,940 -  
Euro MSCO Sell 4,802,000 5,668,425 1/20/16 371,115 -  
Japanese Yen JPHQ Sell 1,812,355,000 15,598,403 1/20/16 931,693 -  
Mexican Peso CITI Buy 147,084,000 9,904,646 1/20/16 - (515,426 )
Euro BZWS Sell 8,655,000 10,101,251 1/21/16 553,303 -  
Euro JPHQ Sell 93,341,804 109,268,623 1/25/16 6,287,383 -  
Euro DBAB Sell 23,329,245 26,896,286 1/26/16 1,157,246 -  
Euro BZWS Sell 3,358,633 3,813,292 1/27/16 107,645 -  
Japanese Yen GSCO Sell 183,530,000 1,568,968 1/27/16 83,439 -  
Japanese Yen HSBK Sell 225,900,265 1,930,483 1/28/16 101,950 -  
Euro CITI Sell 137,500 156,657 1/29/16 4,943 -  
Euro DBAB Sell 66,152,706 75,476,929 1/29/16 2,486,065 -  
Japanese Yen DBAB Sell 174,474,569 1,488,234 1/29/16 75,923 -  
Euro DBAB Sell 53,270,000 60,530,701 2/03/16 1,747,624 -  
Mexican Peso CITI Buy 175,933,000 11,574,083 2/03/16 - (355,384 )
Japanese Yen JPHQ Sell 4,453,400,000 38,175,818 2/08/16 2,117,091 -  
Japanese Yen SCNY Sell 4,454,700,000 38,180,416 2/08/16 2,111,163 -  
Euro DBAB Sell 677,000 779,159 2/09/16 31,994 -  
Euro GSCO Sell 10,269,000 11,804,216 2/09/16 470,919 -  
Japanese Yen BZWS Sell 4,455,270,000 38,184,974 2/09/16 2,110,103 -  
Japanese Yen CITI Sell 618,845,000 5,305,507 2/09/16 294,643 -  
Japanese Yen JPHQ Sell 4,464,960,000 38,255,237 2/09/16 2,101,905 -  
Mexican Peso CITI Buy 27,414,000 1,815,617 2/09/16 - (68,320 )
Euro BZWS Sell 344,000 390,956 2/11/16 11,286 -  
Mexican Peso MSCO Buy 58,363,000 3,849,836 2/11/16 - (130,503 )
Japanese Yen GSCO Sell 233,392,000 1,980,500 2/12/16 90,538 -  
Japanese Yen HSBK Sell 2,845,000,000 24,151,309 2/12/16 1,113,072 -  
Japanese Yen JPHQ Sell 2,843,509,000 24,139,164 2/12/16 1,113,001 -  
Mexican Peso CITI Buy 56,273,000 3,680,139 2/12/16 - (94,273 )
Mexican Peso MSCO Buy 60,584,000 3,974,024 2/12/16 - (113,450 )
South Korean Won DBAB Buy 4,814,000,000 4,373,382 2/12/16 - (74,863 )
Euro SCNY Sell 1,757,000 1,998,631 2/16/16 59,228 -  
Japanese Yen CITI Sell 3,768,690,000 31,699,232 2/16/16 1,177,747 -  
Japanese Yen JPHQ Sell 1,887,190,000 15,925,990 2/16/16 642,207 -  
South Korean Won HSBK Buy 4,771,000,000 4,310,820 2/16/16 - (50,890 )
Euro JPHQ Sell 164,000 188,280 2/17/16 7,250 -  
Japanese Yen GSCO Sell 1,915,697,570 16,244,499 2/17/16 729,411 -  
Japanese Yen JPHQ Sell 1,935,480,000 16,383,144 2/17/16 707,838 -  
Mexican Peso MSCO Buy 55,482,640 3,622,055 2/17/16 - (87,914 )
Euro BZWS Sell 8,514,000 9,758,491 2/22/16 359,344 -  
Euro DBAB Sell 40,108,000 45,944,917 2/23/16 1,666,145 -  
Japanese Yen BZWS Sell 943,870,000 7,997,407 2/25/16 351,324 -  
Japanese Yen HSBK Sell 199,040,000 1,687,266 2/25/16 74,887 -  

 

 

Templeton Income Trust            
Statement of Investments, May 31, 2015 (unaudited) (continued)      
Mexican Peso CITI Buy 17,253,800 1,116,895 2/25/16 - (18,540 )
Uruguayan Peso CITI Buy 45,000,000 1,661,130 2/25/16 - (97,230 )
Euro BOFA Sell 1,034,213 1,180,895 2/26/16 39,037 -  
Euro BZWS Sell 1,267,962 1,446,909 2/26/16 46,972 -  
Japanese Yen BZWS Sell 1,924,820,000 16,216,521 2/26/16 623,492 -  
Euro DBAB Sell 4,886,000 5,589,437 2/29/16 194,413 -  
Euro JPHQ Sell 20,456,395 23,369,181 2/29/16 781,635 -  
Japanese Yen BZWS Sell 3,288,665,160 27,844,323 2/29/16 1,200,247 -  
Japanese Yen DBAB Sell 2,461,820,000 20,838,158 2/29/16 893,008 -  
Mexican Peso MSCO Buy 13,563,500 878,181 2/29/16 - (15,016 )
Japanese Yen JPHQ Sell 601,100,000 5,072,681 3/03/16 202,239 -  
South Korean Won JPHQ Buy 10,406,210,000 9,396,126 3/03/16 - (106,079 )
Japanese Yen HSBK Sell 284,000,000 2,389,064 3/04/16 87,869 -  
Euro DBAB Sell 51,989,000 58,581,205 3/07/16 1,164,355 -  
Japanese Yen GSCO Sell 11,008,384,000 92,631,976 3/07/16 3,424,883 -  
Euro BZWS Sell 10,259,560 11,429,560 3/09/16 98,207 -  
Euro DBAB Sell 1,107,318 1,230,950 3/09/16 7,953 -  
Euro HSBK Sell 427,000 474,781 3/09/16 3,174 -  
Japanese Yen BZWS Sell 2,532,491,700 21,233,979 3/09/16 710,502 -  
Japanese Yen MSCO Sell 91,664,560 768,257 3/09/16 25,401 -  
Euro CITI Sell 15,709,005 17,237,491 3/10/16 - (113,100 )
Euro MSCO Sell 1,211,000 1,327,438 3/10/16 - (10,111 )
Mexican Peso CITI Buy 393,880,000 24,805,088 3/10/16 241,363 -  
Mexican Peso CITI Buy 418,120,400 26,267,992 3/11/16 317,805 -  
Euro DBAB Sell 75,790,000 80,795,930 3/14/16 - (2,923,793 )
Mexican Peso CITI Buy 365,263,800 22,755,742 3/14/16 463,768 -  
South Korean Won HSBK Buy 11,313,150,000 10,027,610 3/14/16 71,152 -  
Euro BZWS Sell 1,054,943 1,128,937 3/16/16 - (36,450 )
Euro JPHQ Sell 53,962,000 57,784,933 3/16/16 - (1,826,430 )
Japanese Yen BZWS Sell 8,582,643,860 71,466,050 3/16/16 1,896,558 -  
Japanese Yen CITI Sell 9,788,671,513 81,491,437 3/16/16 2,146,084 -  
Euro DBAB Sell 2,334,000 2,495,630 3/18/16 - (82,870 )
Mexican Peso CITI Buy 341,127,700 21,408,793 3/18/16 269,627 -  
Euro BZWS Sell 762,348 819,074 3/23/16 - (23,256 )
Euro DBAB Sell 11,411,000 12,262,261 3/23/16 - (345,929 )
Mexican Peso CITI Buy 157,237,800 10,028,688 3/23/16 - (40,244 )
Japanese Yen BZWS Sell 735,719,080 6,210,906 3/28/16 245,055 -  
Uruguayan Peso CITI Buy 67,900,000 2,425,000 3/28/16 - (83,764 )
Euro BOFA Sell 43,576,500 48,126,799 3/29/16 43,743 (73,653 )
Euro DBAB Sell 543,750 599,267 3/29/16 - (1,635 )
Euro BOFA Sell 12,238,500 13,569,620 3/30/16 44,373 -  
Euro DBAB Sell 369,873 405,973 3/31/16 - (2,800 )
Euro BZWS Sell 1,763,676 1,925,881 4/01/16 - (23,339 )
Euro CITI Sell 5,502,300 6,106,354 4/08/16 23,960 -  
Ghanaian Cedi BZWS Buy 16,968,783 3,595,081 4/08/16 - (135,975 )
Euro DBAB Sell 5,047,127 5,465,180 4/13/16 - (114,860 )
Euro SCNY Sell 1,054,000 1,131,179 4/13/16 - (34,110 )
Japanese Yen CITI Sell 271,000,000 2,268,466 4/13/16 69,864 -  
Euro JPHQ Sell 3,371,000 3,602,318 4/14/16 - (124,725 )
Euro DBAB Sell 82,000 87,232 4/15/16 - (3,432 )

 

 

Templeton Income Trust                
Statement of Investments, May 31, 2015 (unaudited) (continued)          
Euro HSBK Sell 3,919,180 4,175,886   4/18/16   -   (157,738 )
Japanese Yen BZWS Sell 813,310,000 6,868,302   4/18/16   268,951   -  
Euro JPHQ Sell 481,591 524,679   4/21/16   -   (7,885 )
Japanese Yen JPHQ Sell 1,269,780,000 10,768,471   4/21/16   464,271   -  
Euro BZWS Sell 1,737,194 1,880,921   4/22/16   -   (40,200 )
Euro BZWS Sell 9,766,340 10,674,268   4/29/16   -   (128,282 )
Euro SCNY Sell 2,285,000 2,516,471   4/29/16   -   (10,968 )
Uruguayan Peso CITI Buy 412,400,000 14,541,608   4/29/16   -   (432,494 )
Euro BZWS Sell 1,144,918 1,287,543   5/05/16   20,929   -  
Euro BZWS Sell 6,319,000 7,079,808   5/09/16   88,335   -  
Euro DBAB Sell 3,521,885 3,959,127   5/09/16   62,440   -  
Euro BZWS Sell 8,514,000 9,779,180   5/18/16   356,656   -  
Indonesian Rupiah JPHQ Buy 670,997,000,000 59,469,733 AUD 5/18/16   1,936,846   -  
Japanese Yen CITI Sell 1,433,004,900 12,119,460   5/18/16   480,883   -  
Indonesian Rupiah JPHQ Buy 255,810,000,000 22,793,371 AUD 5/19/16   644,188   -  
Japanese Yen BOFA Sell 1,430,815,375 12,030,331   5/19/16   409,174   -  
Japanese Yen BZWS Sell 1,434,702,500 12,060,377   5/19/16   407,649   -  
Japanese Yen HSBK Sell 1,435,854,500 12,128,686   5/19/16   466,602   -  
Euro JPHQ Sell 18,445,006 21,169,610   5/20/16   755,164   -  
Japanese Yen JPHQ Sell 88,344,000 743,846   5/20/16   26,290   -  
Euro BZWS Sell 6,311,000 7,077,944   5/23/16   92,489   -  
Euro DBAB Sell 7,368,000 8,255,991   5/23/16   100,575   -  
Euro JPHQ Sell 3,472,968 3,893,249   5/26/16   48,792   -  
Mexican Peso HSBK Buy 26,270,786 1,684,673   5/26/16   -   (24,139 )
Malaysian Ringgit BOFA Buy 9,317,000 2,491,043   5/31/16   -   (16,468 )
Mexican Peso HSBK Buy 23,487,206 1,486,391   5/31/16   -   (2,380 )
South Korean Won JPHQ Buy 23,492,350,000 21,105,336   5/31/16   -   (148,668 )
 
Totals Forward Exchange Contracts unrealized appreciation (depreciation)       $ 572,714,701 $ (116,136,894 )
Net unrealized appreciation (depreciation)           $ 456,577,807      
 
a May be comprised of multiple contracts with the same counterparty, currency and settlement date.              
* In U.S. dollars unless otherwise indicated.                    

 

 

Templeton Income Trust

Statement of Investments, May 31, 2015 (unaudited) (continued)

At May 31, 2015, the Fund had the following interest rate swap contracts outstanding. See Note 3.              
 
Interest Rate Swap Contracts                  
 
  Counterparty/   Notional Expiration   Unrealized   Unrealized  
Description Exchange   Amount Date   Appreciation   Depreciation  
Centrally Cleared Swap Contracts                  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 0.926% LCH $ 453,990,000 10/17/17 $ 275,839 $ -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.775% CME   103,460,000 10/04/23   -   (6,039,398 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.795% CME   103,460,000 10/04/23   -   (6,204,645 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.765% CME   103,460,000 10/07/23   -   (5,947,415 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.731% LCH   212,200,000 7/07/24   -   (12,724,015 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.914% LCH   146,340,000 1/22/25   2,693,684   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.970% LCH   182,920,000 1/23/25   2,440,364   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.973% LCH   107,950,000 1/27/25   1,435,764   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.937% LCH   26,990,000 1/29/25   452,572   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.942% LCH   22,850,000 1/30/25   375,562   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.817% LCH   36,010,000 2/03/25   1,019,343   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.036% LCH   50,330,000 3/23/25   606,155   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.978% LCH   37,700,000 3/27/25   668,605   -  

 

 

Templeton Income Trust                  
Statement of Investments, May 31, 2015 (unaudited) (continued)          
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.985% LCH   37,700,000 3/27/25   643,116   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.668% CME   50,300,000 10/04/43   -   (11,027,968 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.687% CME   50,300,000 10/04/43   -   (11,224,542 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.675% CME   50,300,000 10/07/43   -   (11,098,641 )
Totals Centrally Cleared Swap Contracts           10,611,004   (64,266,624 )
OTC Swap Contracts                  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.523% DBAB $ 10,830,000 3/28/21 $ - $ (1,126,100 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.440% CITI   29,610,000 4/21/21   -   (2,891,969 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.391% JPHQ   24,190,000 5/04/21   -   (2,272,414 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.076% JPHQ   11,000,000 6/14/21   -   (962,697 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 4.347% CITI   4,680,000 2/25/41   -   (1,630,237 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 4.349% JPHQ   4,680,000 2/25/41   -   (1,632,699 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 4.320% JPHQ   3,510,000 2/28/41   -   (1,208,095 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 4.299% JPHQ   1,170,000 3/01/41   -   (395,071 )
Totals OTC Swap Contracts           -   (12,119,282 )
Totals Interest Rate Swap Contracts         $ 10,611,004 $ (76,385,906 )
Net unrealized appreciation (depreciation)             $ (65,774,902 )

 

ABBREVIATIONS
 
Counterparty/Exchange
 
BOFA - Bank of America Corp.
BZWS - Barclays Bank PLC
CITI - Citibank N.A.
CME - Chicago Mercantile Exchange
DBAB - Deutsche Bank AG
GSCO - Goldman Sachs Group, Inc.
HSBK - HSBC Bank PLC
JPHQ - JPMorgan Chase Bank, N.A.
LCH - London Clearing House
MSCO - Morgan Stanley and Co. Inc.
SCNY - Standard Chartered Bank
UBSW - UBS AG
 
Currency  
 
AUD - Australian Dollar
BRL - Brazilian Real
DEM - Deutsche Mark
EUR - Euro
GBP - British Pound
GHS - Ghanaian Cedi
HUF - Hungarian Forint
IDR - Indonesian Rupiah

 

 

Templeton Income Trust

Statement of Investments, May 31, 2015 (unaudited) (continued)

INR - Indian Rupee
KRW - South Korean Won
LKR - Sri Lankan Rupee
MXN - Mexican Peso
MYR - Malaysian Ringgit
PHP - Philippine Peso
PLN - Polish Zloty
RSD - Serbian Dinar
SGD - Singapore Dollar
UAH - Ukraine Hryvnia
UYU - Uruguayan Peso

 

Selected Portfolio

FRN - Floating Rate Note

 

 

Templeton Income Trust          
 
Statement of Investments, May 31, 2015 (unaudited)          
 
 
Templeton International Bond Fund Principal Amount*       Value
Foreign Government and Agency Securities 61.5%          
Brazil 7.0%          
Letra Tesouro Nacional, Strip,          
10/01/15 2,820a BRL $ 846,596
1/01/16 9,400a BRL   2,731,489
7/01/16 850a BRL   231,992
10/01/16 2,690a BRL   711,625
1/01/17 9,060a BRL   2,330,752
1/01/18 6,330a BRL   1,456,240
Nota Do Tesouro Nacional,          
10.00%, 1/01/21 1,790a BRL   511,624
10.00%, 1/01/23 5,700a BRL   1,602,252
bIndex Linked, 6.00%, 5/15/17 9 a BRL   7,404
bIndex Linked, 6.00%, 5/15/19 5,271 a BRL   4,309,603
bIndex Linked, 6.00%, 8/15/20 310 a BRL   253,356
bIndex Linked, 6.00%, 8/15/22 6,599 a BRL   5,397,385
bIndex Linked, 6.00%, 5/15/23 7,729 a BRL   6,339,865
bIndex Linked, 6.00%, 8/15/24 630 a BRL   525,261
senior note, 10.00%, 1/01/19 4,660 a BRL   1,362,135
          28,617,579
Hungary 4.4%          
Government of Hungary,          
4.125%, 2/19/18 260,000       272,506
4.00%, 4/25/18 141,200,000   HUF   527,986
6.50%, 6/24/19 328,200,000   HUF   1,339,094
7.50%, 11/12/20 131,850,000   HUF   573,066
5.375%, 2/21/23 480,000       531,840
A, 6.75%, 11/24/17 992,350,000   HUF   3,948,281
A, 5.50%, 12/20/18 139,940,000   HUF   550,818
A, 7.00%, 6/24/22 129,800,000   HUF   568,473
A, 6.00%, 11/24/23 174,310,000   HUF   740,278
B, 6.75%, 2/24/17 277,580,000   HUF   1,071,178
B, 5.50%, 6/24/25 247,490,000   HUF   1,032,922
senior note, 6.25%, 1/29/20 2,474,000       2,818,146
senior note, 6.375%, 3/29/21 3,392,000       3,929,038
          17,903,626
Iceland 0.2%          
cGovernment of Iceland, 144A, 5.875%, 5/11/22 900,000       1,036,390
 
India 2.5%          
Government of India,          
senior bond, 7.80%, 5/03/20 103,000,000   INR   1,613,261
senior bond, 8.28%, 9/21/27 31,100,000   INR   499,923
senior bond, 8.60%, 6/02/28 106,800,000   INR   1,774,203
senior note, 7.28%, 6/03/19 4,000,000   INR   61,760
senior note, 8.12%, 12/10/20 77,300,000   INR   1,227,185
senior note, 8.35%, 5/14/22 30,400,000   INR   487,335
senior note, 7.16%, 5/20/23 19,100,000   INR   286,777
senior note, 8.83%, 11/25/23 257,900,000   INR   4,274,422
          10,224,866
Indonesia 3.5%          
Government of Indonesia,          
7.875%, 4/15/19 2,282,000,000   IDR   172,134
8.375%, 3/15/34 55,620,000,000   IDR   4,216,502
FR31, 11.00%, 11/15/20 15,557,000,000   IDR   1,330,780
FR34, 12.80%, 6/15/21 8,451,000,000   IDR   783,721
FR35, 12.90%, 6/15/22 1,670,000,000   IDR   157,888
FR40, 11.00%, 9/15/25 1,060,000,000   IDR   95,387
FR42, 10.25%, 7/15/27 5,447,000,000   IDR   473,778
FR43, 10.25%, 7/15/22 95,000,000   IDR   7,976

 

Quarterly Statement of Investments | See Notes to Statements of Investments.

 

Templeton Income Trust      
 
Statement of Investments, May 31, 2015 (unaudited) (continued)      
FR44, 10.00%, 9/15/24 63,000,000 IDR 5,312
FR46, 9.50%, 7/15/23 2,590,000,000 IDR 210,888
FR47, 10.00%, 2/15/28 4,502,000,000 IDR 384,699
FR52, 10.50%, 8/15/30 7,100,000,000 IDR 634,888
senior bond, FR53, 8.25%, 7/15/21 351,000,000 IDR 26,839
senior note, FR70, 8.375%, 3/15/24 74,230,000,000 IDR 5,697,479
      14,198,271
Ireland 1.4%      
Government of Ireland, senior bond, 5.40%, 3/13/25 3,766,920 EUR 5,742,255
 
Lithuania 1.3%      
Government of Lithuania,      
c144A, 7.375%, 2/11/20 640,000   778,720
c144A, 6.125%, 3/09/21 3,620,000   4,268,197
dReg S, 7.375%, 2/11/20 190,000   231,183
      5,278,100
Malaysia 4.9%      
Government of Malaysia,      
4.72%, 9/30/15 5,320,000 MYR 1,459,208
3.197%, 10/15/15 43,575,000 MYR 11,894,293
senior bond, 4.262%, 9/15/16 180,000 MYR 49,772
senior bond, 3.814%, 2/15/17 55,000 MYR 15,146
senior note, 3.172%, 7/15/16 24,150,000 MYR 6,589,844
      20,008,263
Mexico 7.4%      
Government of Mexico,      
6.00%, 6/18/15 1,345,550e MXN 8,752,783
8.00%, 12/17/15 1,231,680e MXN 8,208,320
6.25%, 6/16/16 69,730e MXN 465,791
7.25%, 12/15/16 1,713,300e MXN 11,695,224
fMexican Udibonos, Index Linked,      
5.00%, 6/16/16 70,671g MXN 480,867
3.50%, 12/14/17 53,903g MXN 371,349
4.00%, 6/13/19 37,504g MXN 263,710
      30,238,044
Philippines 0.6%      
Government of the Philippines,      
senior bond, 7.00%, 1/27/16 14,440,000 PHP 332,098
senior bond, 9.125%, 9/04/16 9,010,000 PHP 215,419
senior note, 1.625%, 4/25/16 82,870,000 PHP 1,849,792
      2,397,309
Poland 6.0%      
Government of Poland,      
4.75%, 10/25/16 10,610,000 PLN 2,953,162
4.75%, 4/25/17 2,660,000 PLN 749,960
5.75%, 9/23/22 1,500,000 PLN 480,312
hFRN, 2.01%, 1/25/17 12,579,000 PLN 3,360,493
hFRN, 2.01%, 1/25/21 10,800,000 PLN 2,858,198
senior note, 6.375%, 7/15/19 440,000   513,863
Strip, 7/25/15 32,596,000 PLN 8,690,424
Strip, 1/25/16 18,578,000 PLN 4,913,305
      24,519,717
Portugal 3.4%      
Government of Portugal,      
c144A, 5.125%, 10/15/24 4,060,000   4,332,385
dReg S, 3.875%, 2/15/30 7,920,000 EUR 9,606,634
dsenior bond, Reg S, 4.95%, 10/25/23 40,100 EUR 53,218
dsenior note, Reg S, 5.65%, 2/15/24 101,100 EUR 139,937
      14,132,174
Serbia 0.7%      
cGovernment of Serbia, senior note, 144A,      
5.25%, 11/21/17 520,000   541,091

 

 

Templeton Income Trust      
 
Statement of Investments, May 31, 2015 (unaudited) (continued)      
4.875%, 2/25/20 1,010,000   1,041,073
7.25%, 9/28/21 1,110,000   1,278,820
      2,860,984
Slovenia 2.6%      
cGovernment of Slovenia, senior note, 144A,      
5.50%, 10/26/22 1,900,000   2,165,297
5.85%, 5/10/23 7,160,000   8,364,527
      10,529,824
South Korea 12.3%      
Korea Monetary Stabilization Bond,      
senior bond, 2.80%, 8/02/15 4,796,600,000 KRW 4,313,276
senior bond, 2.81%, 10/02/15 330,000,000 KRW 297,315
senior bond, 1.96%, 2/02/17 1,863,700,000 KRW 1,679,433
senior note, 2.76%, 6/02/15 1,481,100,000 KRW 1,329,414
senior note, 2.66%, 6/09/15 1,657,050,000 KRW 1,487,582
senior note, 2.90%, 12/02/15 10,716,500,000 KRW 9,677,670
senior note, 2.78%, 2/02/16 951,330,000 KRW 860,081
senior note, 2.80%, 4/02/16 2,616,700,000 KRW 2,370,463
senior note, 2.79%, 6/02/16 8,023,600,000 KRW 7,280,951
senior note, 2.46%, 8/02/16 2,059,000,000 KRW 1,864,207
senior note, 2.22%, 10/02/16 1,204,300,000 KRW 1,088,220
senior note, 2.07%, 12/02/16 5,413,100,000 KRW 4,884,282
Korea Treasury Bond,      
senior bond, 4.00%, 3/10/16 168,800,000 KRW 154,182
senior bond, 5.00%, 9/10/16 16,000,000 KRW 14,950
senior note, 3.25%, 6/10/15 1,561,600,000 KRW 1,402,093
senior note, 4.00%, 9/10/15 438,800,000 KRW 396,307
senior note, 2.75%, 12/10/15 3,596,700,000 KRW 3,246,192
senior note, 2.75%, 6/10/16 3,950,900,000 KRW 3,584,159
senior note, 3.00%, 12/10/16 4,554,200,000 KRW 4,166,273
      50,097,050
Sri Lanka 0.3%      
Government of Sri Lanka,      
8.25%, 3/01/17 870,000 LKR 6,640
8.00%, 6/15/17 870,000 LKR 6,614
10.60%, 7/01/19 10,260,000 LKR 83,294
10.60%, 9/15/19 27,440,000 LKR 223,559
8.00%, 11/01/19 870,000 LKR 6,505
A, 6.50%, 7/15/15 4,850,000 LKR 36,210
A, 11.00%, 8/01/15 26,300,000 LKR 197,711
A, 8.50%, 11/01/15 8,120,000 LKR 61,072
A, 6.40%, 8/01/16 3,800,000 LKR 28,342
A, 5.80%, 1/15/17 3,900,000 LKR 28,687
A, 7.50%, 8/15/18 940,000 LKR 6,969
A, 8.00%, 11/15/18 13,760,000 LKR 103,270
A, 9.00%, 5/01/21 17,410,000 LKR 133,188
B, 6.40%, 10/01/16 2,200,000 LKR 16,366
B, 8.50%, 7/15/18 6,970,000 LKR 53,242
C, 8.50%, 4/01/18 6,160,000 LKR 47,043
D, 8.50%, 6/01/18 6,960,000 LKR 53,139
      1,091,851
Ukraine 3.0%      
cFinancing of Infrastructure Projects State Enterprise, 144A,      
8.375%, 11/03/17 100,000   46,131
7.40%, 4/20/18 200,000   91,750
cGovernment of Ukraine,      
144A, 9.25%, 7/24/17 3,680,000   1,780,200
144A, 7.75%, 9/23/20 7,439,000   3,557,888
senior bond, 144A, 6.58%, 11/21/16 1,455,000   710,222
senior bond, 144A, 7.80%, 11/28/22 4,430,000   2,137,475
senior note, 144A, 4.95%, 10/13/15 100,000 EUR 56,921
senior note, 144A, 6.25%, 6/17/16 1,100,000   530,063
senior note, 144A, 7.95%, 2/23/21 2,660,000   1,281,787

 

 

Templeton Income Trust        
Statement of Investments, May 31, 2015 (unaudited) (continued)        
senior note, 144A, 7.50%, 4/17/23 3,800,000     1,995,000
        12,187,437
Total Foreign Government and Agency Securities (Cost $282,873,405)       251,063,740
 
Short Term Investments 32.5%        
Foreign Government and Agency Securities 13.2%        
Hungary 0.0%†        
iHungary Treasury Bill, 9/16/15 5,540,000   HUF 19,607
Indonesia 0.5%        
iIndonesia Treasury Bills, 1/07/16 - 2/04/16 27,996,000,000   IDR 2,042,357
Malaysia 5.3%        
iBank of Negara Monetary Notes, 6/03/15 - 11/24/15 60,820,000   MYR 16,473,630
Government of Malaysia, 3.835%, 8/12/15 14,730,000   MYR 4,024,740
iMalaysia Treasury Bills, 6/05/15 - 4/29/16 4,370,000   MYR 1,179,837
        21,678,207
Mexico 1.9%        
iMexico Treasury Bills, 6/25/15 - 4/14/16 11,905,510 j MXN 7,633,672
Philippines 0.4%        
iPhilippine Treasury Bills, 6/03/15 - 3/02/16 62,550,000   PHP 1,394,565
Singapore 4.1%        
iMonetary Authority of Singapore Treasury Bills,        
7/03/15 18,000,000   SGD 13,342,738
7/10/15 - 7/20/15 4,750,000   SGD 3,520,401
        16,863,139
South Korea 1.0%        
Korea Monetary Stabilization Bond, senior note, 2.13%, 10/08/15 1,869,900,000   KRW 1,681,079
iKorea Monetary Stabilization Bonds, 7/21/15 - 8/04/15 2,654,600,000   KRW 2,377,024
        4,058,103
Total Foreign Government and Agency Securities (Cost $56,498,255)       53,689,650
Total Investments before Money Market Funds (Cost $339,371,660)       304,753,390
  Shares      
Money Market Funds (Cost $78,855,782) 19.3%        
United States 19.3%        
k,lInstitutional Fiduciary Trust Money Market Portfolio 78,855,782     78,855,782
Total Investments (Cost $418,227,442) 94.0%       383,609,172
Other Assets, less Liabilities 6.0%       24,656,520
Net Assets 100.0%     $ 408,265,692

 

† Rounds to less than 0.1% of net assets.
* The principal amount is stated in U.S. dollars unless otherwise indicated.
a Principal amount is stated in 1,000 Brazilian Real Units.
b Redemption price at maturity is adjusted for inflation.
c Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers
or in a public offering registered under the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Trust's Board of Trustees. At
May 31, 2015, the aggregate value of these securities was $35,993,937, representing 8.82% of net assets.
d 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 Trust's Board of Trustees. At May 31, 2015, the aggregate value of these
securities was $10,030,972, representing 2.46% of net assets.
e Principal amount is stated in 100 Mexican Peso Units.

 

Templeton Income Trust
Statement of Investments, May 31, 2015 (unaudited) (continued)
f Principal amount of security is adjusted for inflation.
g Principal amount is stated in 100 Unidad de Inversion Units.
h The coupon rate shown represents the rate at period end.
i The security is traded on a discount basis with no stated coupon rate.
j Principal amount is stated in 10 Mexican Peso Units.
k Non-income producing.
l Institutional Fiduciary Trust Money Market Portfolio is an affiliated open-end management investment company.

At May 31, 2015, the Fund had the following forward exchange contracts outstanding. See Note 3.              
Forward Exchange Contracts                    
        Contract   Settlement   Unrealized   Unrealized  
Currency Counterpartya Type Quantity Amount*   Date   Appreciation   Depreciation  
OTC Forward Exchange Contracts                    
Euro GSCO Buy 5,328,000 5,804,856   6/01/15 $ 48,711 $ -  
Euro GSCO Sell 5,328,000 7,249,730   6/01/15   1,396,163   -  
Indian Rupee JPHQ Buy 5,599,000 87,959   6/02/15   -   (185 )
Indian Rupee JPHQ Sell 5,599,000 87,621   6/02/15   -   (152 )
Indian Rupee HSBK Buy 14,493,250 230,729   6/03/15   -   (3,565 )
Polish Zloty CITI Buy 9,042,000 2,910,727   6/03/15   -   (495,594 )
Chilean Peso BZWS Buy 53,000,000 93,261   6/04/15   -   (7,564 )
Chilean Peso MSCO Buy 183,130,000 294,421   6/04/15   1,684   -  
Chilean Peso DBAB Buy 36,678,200 60,440   6/05/15   -   (1,141 )
Chilean Peso MSCO Buy 8,800,000 15,418   6/05/15   -   (1,191 )
Euro BZWS Sell 102,650 139,804   6/05/15   27,023   -  
Euro MSCO Sell 2,850,000 3,890,450   6/05/15   759,158   -  
Chilean Peso DBAB Buy 53,693,000 87,477   6/08/15   -   (697 )
Chilean Peso MSCO Buy 53,700,000 88,220   6/08/15   -   (1,429 )
Euro DBAB Sell 340,000 463,668   6/08/15   90,096   -  
Euro HSBK Sell 3,918,024 5,102,599   6/08/15   797,705   -  
Indian Rupee JPHQ Buy 4,211,000 66,209   6/08/15   -   (265 )
Mexican Peso CITI Buy 9,726,730 730,356   6/08/15   -   (98,996 )
Euro GSCO Sell 265,800 362,511   6/09/15   70,462   -  
Hungarian Forint DBAB Buy 1,911,830,000 6,213,615 EUR 6/09/15   -   (36,234 )
Indian Rupee DBAB Buy 559,000 8,911   6/09/15   -   (158 )
Mexican Peso CITI Buy 9,716,000 732,592   6/09/15   -   (101,976 )
Chilean Peso JPHQ Buy 3,923,654,400 6,195,081   6/11/15   144,482   -  
Chilean Peso DBAB Buy 97,190,000 158,483   6/12/15   -   (1,467 )
Euro GSCO Sell 399,000 541,323   6/12/15   102,903   -  
Mexican Peso CITI Buy 19,757,860 1,477,555   6/12/15   -   (195,459 )
Euro DBAB Sell 386,000 523,173   6/15/15   99,020   -  
Indian Rupee JPHQ Buy 4,211,000 66,994   6/15/15   -   (1,132 )
Mexican Peso CITI Buy 8,491,300 635,719   6/15/15   -   (84,839 )
Singapore Dollar JPHQ Buy 404,000 307,927   6/15/15   -   (8,380 )
Chilean Peso DBAB Buy 9,160,000 14,305   6/17/15   486   -  
Japanese Yen CITI Sell 9,278,000 91,200   6/17/15   16,421   -  
Chilean Peso DBAB Buy 9,050,000 14,029   6/18/15   583   -  
Chilean Peso JPHQ Buy 725,750,000 1,127,817   6/18/15   43,942   -  
Chilean Peso DBAB Buy 276,100,000 477,310   6/19/15   -   (31,580 )
Chilean Peso MSCO Buy 50,001,884 80,719   6/19/15   1,547   (1,544 )
Chilean Peso JPHQ Buy 32,200,000 53,364   6/22/15   -   (1,398 )

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Chilean Peso MSCO Buy 3,898,116 6,508   6/22/15 - (217 )
Mexican Peso CITI Buy 7,642,000 570,810   6/22/15 - (75,287 )
Singapore Dollar DBAB Buy 612,000 466,890   6/23/15 - (13,208 )
Indian Rupee JPHQ Buy 5,421,000 84,517   6/29/15 58 -  
South Korean Won DBAB Buy 1,307,000,000 1,262,314   6/29/15 - (90,361 )
Chilean Peso DBAB Buy 226,696,000 398,516   6/30/15 - (32,958 )
Indian Rupee HSBK Buy 34,646,000 543,400   6/30/15 - (2,981 )
Japanese Yen BZWS Sell 63,037,000 622,111   6/30/15 113,950 -  
Malaysian Ringgit JPHQ Buy 875,900 235,141   7/03/15 3,172 -  
Indian Rupee DBAB Buy 36,770,583 574,653   7/06/15 - (1,776 )
Mexican Peso CITI Buy 9,662,000 647,674   7/06/15 - (21,829 )
Chilean Peso DBAB Buy 47,534,000 75,360   7/07/15 1,239 -  
Malaysian Ringgit HSBK Buy 2,920,700 893,372   7/07/15 - (98,976 )
Malaysian Ringgit DBAB Buy 345,400 95,454   7/08/15 - (1,517 )
Indian Rupee DBAB Buy 3,003,000 47,469   7/09/15 - (711 )
Chilean Peso DBAB Buy 46,917,000 82,347   7/10/15 - (6,764 )
Mexican Peso CITI Buy 13,138,239 986,873   7/10/15 - (136,116 )
Chilean Peso DBAB Buy 45,131,875 73,112   7/13/15 - (426 )
Mexican Peso CITI Buy 13,581,791 916,970   7/13/15 - (37,690 )
Chilean Peso MSCO Buy 164,090,000 261,727   7/15/15 2,490 -  
Indian Rupee DBAB Buy 3,601,000 56,909   7/15/15 - (907 )
Euro BZWS Sell 212,000 289,562   7/16/15 56,504 -  
Euro MSCO Sell 356,000 486,068   7/16/15 94,706 -  
Japanese Yen HSBK Sell 28,700,000 247,243   7/16/15 15,840 -  
Japanese Yen SCNY Sell 37,130,000 318,518   7/16/15 19,145 -  
Polish Zloty DBAB Buy 16,623,100 3,934,462 EUR 7/16/15 109,100 -  
Euro DBAB Sell 660,000 897,435   7/17/15 171,866 -  
Mexican Peso DBAB Buy 32,003,472 2,409,446   7/17/15 - (338,181 )
South Korean Won DBAB Buy 9,043,327,000 8,720,662   7/17/15 - (615,975 )
Chilean Peso DBAB Buy 18,500,000 29,733   7/20/15 41 -  
Euro BZWS Sell 332,000 450,102   7/20/15 85,102 -  
Indian Rupee DBAB Buy 62,497,432 986,308   7/20/15 - (15,311 )
Malaysian Ringgit DBAB Buy 18,003,280 5,549,716   7/20/15 - (658,283 )
Philippine Peso DBAB Buy 90,804,000 2,074,287   7/20/15 - (40,506 )
Euro DBAB Sell 1,480,000 2,006,658   7/21/15 379,523 -  
Japanese Yen DBAB Sell 7,860,000 67,593   7/21/15 4,215 -  
Euro DBAB Sell 183,000 248,130   7/22/15 46,934 -  
Euro MSCO Sell 388,000 525,251   7/22/15 98,671 -  
Indian Rupee DBAB Buy 1,094,000 17,219   7/22/15 - (229 )
Indian Rupee JPHQ Buy 4,679,000 73,681   7/22/15 - (1,014 )
Euro DBAB Sell 344,770 467,052   7/23/15 87,996 -  
Singapore Dollar JPHQ Buy 410,000 306,726   7/23/15 - (3,008 )
Chilean Peso JPHQ Buy 103,971,000 166,981   7/27/15 238 -  
Euro DBAB Sell 69,825 94,163   7/27/15 17,389 -  
Indian Rupee DBAB Buy 20,664,000 321,694   7/27/15 - (1,089 )
Indian Rupee JPHQ Buy 63,516,820 989,436   7/27/15 - (3,965 )
Malaysian Ringgit JPHQ Buy 753,000 205,362   7/27/15 - (892 )
Chilean Peso MSCO Buy 58,101,000 99,961   7/28/15 - (6,525 )
Euro BZWS Sell 152,000 205,037   7/28/15 37,908 -  
Euro CITI Sell 311,346 419,984   7/28/15 77,648 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Euro BZWS Sell 119,968 161,513   7/29/15 29,602 -  
Euro DBAB Sell 29,935 40,326   7/29/15 7,411 -  
Japanese Yen BZWS Sell 37,960,000 374,165   7/29/15 68,052 -  
Chilean Peso JPHQ Buy 81,300,000 139,715   7/30/15 - (8,995 )
Chilean Peso DBAB Buy 24,250,000 41,699   7/31/15 - (2,712 )
Chilean Peso JPHQ Buy 117,000,000 201,065   7/31/15 - (12,963 )
Euro JPHQ Sell 1,228,000 1,650,997   7/31/15 300,707 -  
Indian Rupee DBAB Buy 39,468,464 612,242   7/31/15 - (327 )
Malaysian Ringgit JPHQ Buy 314,000 96,699   7/31/15 - (11,463 )
Chilean Peso DBAB Buy 48,500,000 82,259   8/04/15 - (4,314 )
Euro BZWS Sell 97,592 130,904   8/04/15 23,587 -  
Euro HSBK Sell 1,228,000 1,648,007   8/04/15 297,636 -  
Euro UBSW Sell 1,229,000 1,649,318   8/04/15 297,848 -  
Chilean Peso BZWS Buy 81,900,000 132,814   8/05/15 - (1,204 )
Chilean Peso JPHQ Buy 31,400,000 53,211   8/05/15 - (2,753 )
Euro BZWS Sell 736,000 989,386   8/05/15 180,032 -  
Euro JPHQ Sell 743,700 999,801   8/05/15 181,978 -  
Indian Rupee DBAB Buy 118,000,000 1,638,491 EUR 8/05/15 26,058 -  
Indian Rupee HSBK Buy 14,493,250 225,287   8/05/15 - (782 )
Indonesian Rupiah DBAB Buy 16,430,000,000 1,105,616 EUR 8/05/15 8,012 -  
Malaysian Ringgit DBAB Buy 21,900,000 5,248,275 EUR 8/05/15 171,057 -  
Philippine Peso DBAB Buy 22,300,000 442,935 EUR 8/05/15 11,987 -  
Singapore Dollar DBAB Buy 5,160,000 3,355,661 EUR 8/05/15 131,226 -  
South Korean Won DBAB Buy 7,676,000,000 6,110,735 EUR 8/05/15 155,887 -  
Chilean Peso DBAB Buy 73,563,000 121,747   8/06/15 - (3,545 )
Malaysian Ringgit HSBK Buy 5,606,000 1,715,212   8/06/15 - (194,186 )
Singapore Dollar DBAB Buy 372,000 298,843   8/06/15 - (23,357 )
Japanese Yen MSCO Sell 16,900,000 165,168   8/07/15 28,870 -  
Euro CITI Sell 137,819 184,311   8/10/15 32,744 -  
Malaysian Ringgit HSBK Buy 3,370,000 930,425   8/10/15 - (16,367 )
Chilean Peso BZWS Buy 48,400,000 81,571   8/11/15 - (3,837 )
Chilean Peso MSCO Buy 48,370,000 78,476   8/11/15 - (790 )
Euro DBAB Sell 513,000 687,397   8/11/15 123,217 -  
Euro JPHQ Sell 680,100 910,909   8/11/15 162,958 -  
Indian Rupee HSBK Buy 55,671,000 855,424   8/11/15 6,027 -  
Japanese Yen CITI Sell 15,026,000 147,494   8/11/15 26,304 -  
Malaysian Ringgit HSBK Buy 390,000 119,080   8/11/15 - (13,308 )
Singapore Dollar HSBK Buy 372,000 275,535   8/11/15 - (76 )
Chilean Peso DBAB Buy 71,440,000 117,153   8/12/15 - (2,427 )
Euro GSCO Sell 191,000 256,463   8/12/15 46,405 -  
Indian Rupee DBAB Buy 21,608,400 331,522   8/12/15 2,787 -  
Indian Rupee HSBK Buy 590,000 9,051   8/12/15 77 -  
Singapore Dollar BZWS Buy 105,482 77,835   8/12/15 271 -  
Singapore Dollar DBAB Buy 741,000 546,601   8/12/15 2,084 -  
South Korean Won HSBK Buy 440,000,000 42,526,047 JPY 8/12/15 51,057 -  
Indian Rupee HSBK Buy 60,215,065 927,820   8/13/15 3,619 -  
Euro MSCO Sell 217,000 271,024   8/14/15 32,364 -  
Chilean Peso CITI Buy 172,191,000 285,004   8/17/15 - (8,610 )
Chilean Peso JPHQ Buy 4,559,000 7,552   8/17/15 - (234 )
Euro MSCO Sell 217,000 291,328   8/17/15 52,657 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Singapore Dollar BZWS Buy 303,000 223,501   8/17/15 838 -  
Chilean Peso MSCO Buy 17,610,000 29,674   8/18/15 - (1,410 )
Euro BZWS Sell 781,000 1,048,114   8/18/15 189,107 -  
Japanese Yen DBAB Sell 16,770,000 164,430   8/18/15 29,162 -  
Malaysian Ringgit HSBK Buy 1,364,326 376,210   8/18/15 - (6,397 )
Indian Rupee JPHQ Buy 63,516,820 978,115   8/19/15 3,365 -  
Chilean Peso JPHQ Buy 9,450,000 15,929   8/20/15 - (765 )
Euro DBAB Sell 438,000 587,500   8/20/15 105,738 -  
Euro JPHQ Sell 868,000 1,164,748   8/20/15 210,022 -  
Japanese Yen HSBK Sell 34,880,000 341,292   8/20/15 59,938 -  
Japanese Yen JPHQ Sell 22,704,000 222,259   8/20/15 39,121 -  
Euro JPHQ Sell 340,000 453,951   8/21/15 79,975 -  
Chilean Peso DBAB Buy 6,640,000 10,917   8/24/15 - (266 )
Japanese Yen BZWS Sell 7,521,000 73,098   8/24/15 12,428 -  
Mexican Peso HSBK Buy 8,229,279 614,446   8/24/15 - (83,255 )
Polish Zloty DBAB Buy 2,650,043 620,198 EUR 8/24/15 23,867 -  
Singapore Dollar DBAB Buy 227,500 166,838   8/24/15 1,578 -  
Japanese Yen DBAB Sell 7,432,000 71,871   8/25/15 11,918 -  
Japanese Yen HSBK Sell 14,916,000 144,325   8/25/15 24,000 -  
Euro BZWS Sell 237,520 316,050   8/26/15 54,775 -  
Euro SCNY Sell 125,681 142,674   8/26/15 4,424 -  
Indian Rupee DBAB Buy 1,365,000 21,040   8/26/15 26 -  
Japanese Yen BZWS Sell 23,333,000 225,950   8/26/15 37,725 -  
Japanese Yen JPHQ Sell 47,094,000 414,391   8/26/15 34,487 -  
Japanese Yen SCNY Sell 23,295,000 195,358   8/26/15 7,439 -  
Malaysian Ringgit HSBK Buy 72,400 19,666   8/26/15 - (54 )
Chilean Peso DBAB Buy 21,760,000 35,964   8/27/15 - (1,068 )
Euro JPHQ Sell 55,232 73,153   8/27/15 12,397 -  
Japanese Yen DBAB Sell 17,053,000 164,619   8/27/15 27,052 -  
Japanese Yen HSBK Sell 27,402,000 264,544   8/27/15 43,491 -  
Japanese Yen JPHQ Sell 22,517,000 217,653   8/27/15 36,008 -  
Mexican Peso HSBK Buy 8,254,764 614,080   8/27/15 - (81,351 )
Chilean Peso JPHQ Buy 18,000,000 30,040   8/28/15 - (1,177 )
Malaysian Ringgit HSBK Buy 123,600 33,643   8/28/15 - (167 )
Chilean Peso DBAB Buy 11,222,000 18,034   8/31/15 - (45 )
Euro DBAB Sell 94,076 124,427   8/31/15 20,933 -  
Japanese Yen JPHQ Sell 24,149,000 233,465   8/31/15 38,640 -  
Euro DBAB Sell 153,000 202,186   9/02/15 33,864 -  
Mexican Peso HSBK Buy 5,527,700 411,211   9/04/15 - (54,685 )
Chilean Peso DBAB Buy 2,750,000 4,541   9/08/15 - (136 )
Euro DBAB Sell 399,000 526,369   9/08/15 87,365 -  
Euro JPHQ Sell 3,960,000 5,152,356   9/08/15 795,325 -  
Polish Zloty DBAB Buy 6,080,000 1,425,557 EUR 9/08/15 50,719 -  
Chilean Peso DBAB Buy 46,380,000 76,070   9/09/15 - (1,786 )
Indian Rupee JPHQ Buy 5,599,000 86,178   9/10/15 7 -  
Indian Rupee CITI Buy 3,780,000 57,736   9/11/15 439 -  
Singapore Dollar HSBK Buy 648,300 465,065   9/16/15 14,668 -  
Japanese Yen BZWS Sell 18,748,705 175,856   9/18/15 24,550 -  
Malaysian Ringgit DBAB Buy 1,065,198 324,666   9/18/15 - (36,626 )
Euro BZWS Sell 60,021 78,110   9/21/15 12,056 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Indian Rupee HSBK Buy 59,357,090 913,688   9/21/15 - (1,759 )
Singapore Dollar HSBK Buy 650,000 515,055   9/21/15 - (34,107 )
Euro DBAB Sell 822,000 1,061,572   9/23/15 156,921 -  
Hungarian Forint JPHQ Buy 81,867,000 260,201 EUR 9/23/15 3,857 -  
Euro BZWS Sell 144,692 186,563   9/24/15 27,320 -  
Hungarian Forint JPHQ Buy 65,535,000 208,067 EUR 9/25/15 3,320 -  
Euro CITI Sell 179,804 231,893   9/28/15 33,993 -  
Euro DBAB Sell 382,000 491,951   9/28/15 71,505 -  
Malaysian Ringgit DBAB Buy 209,000 63,062   9/28/15 - (6,589 )
Malaysian Ringgit HSBK Buy 217,000 65,478   9/28/15 - (6,843 )
Euro BZWS Sell 905,000 1,155,509   9/29/15 159,407 -  
Japanese Yen JPHQ Sell 18,778,488 172,852   9/29/15 21,276 -  
Euro HSBK Sell 810,000 1,032,130   9/30/15 140,577 -  
Indian Rupee DBAB Buy 34,211,052 523,405   9/30/15 1,371 -  
Japanese Yen JPHQ Sell 4,170,000 38,418   9/30/15 4,758 -  
Malaysian Ringgit HSBK Buy 5,070,000 1,359,650   9/30/15 10,080 -  
Mexican Peso HSBK Buy 9,133,350 661,214   9/30/15 - (73,251 )
South Korean Won HSBK Buy 871,000,000 828,262   9/30/15 - (49,018 )
Euro DBAB Sell 2,210,000 2,819,120   10/01/15 386,567 -  
Euro DBAB Sell 5,674,000 7,183,851   10/05/15 938,027 -  
Hungarian Forint DBAB Buy 154,700,000 624,344   10/05/15 - (76,032 )
Euro DBAB Sell 780,000 980,327   10/07/15 121,689 -  
Euro JPHQ Sell 430,000 544,969   10/07/15 71,617 -  
Mexican Peso CITI Buy 24,877,000 1,634,172   10/07/15 - (33,524 )
Euro DBAB Sell 615,917 670,703   10/08/15 - (7,322 )
Euro DBAB Sell 1,740,000 2,207,277   10/09/15 291,786 -  
Euro GSCO Sell 195,000 247,036   10/09/15 32,369 -  
Euro HSBK Sell 396,000 429,644   10/13/15 - (6,326 )
Euro JPHQ Sell 193,000 244,311   10/14/15 31,827 -  
Mexican Peso DBAB Buy 46,934,000 3,431,851   10/14/15 - (413,546 )
Euro HSBK Sell 170,000 217,668   10/20/15 30,486 -  
Malaysian Ringgit JPHQ Buy 433,000 129,381   10/20/15 - (12,578 )
Japanese Yen BZWS Sell 20,800,000 195,470   10/22/15 27,508 -  
Malaysian Ringgit HSBK Buy 389,000 116,338   10/23/15 - (11,428 )
Euro DBAB Sell 623,000 790,805   10/26/15 104,767 -  
Malaysian Ringgit DBAB Buy 278,000 83,426   10/26/15 - (8,468 )
Malaysian Ringgit HSBK Buy 186,060 55,840   10/26/15 - (5,673 )
Singapore Dollar BZWS Buy 2,020,036 1,590,580   10/26/15 - (96,838 )
Singapore Dollar CITI Buy 14,213,021 11,191,185   10/26/15 - (681,187 )
Singapore Dollar DBAB Buy 4,889,648 3,849,207   10/26/15 - (233,495 )
Euro BZWS Sell 901,419 1,144,775   10/27/15 152,129 -  
Euro DBAB Sell 306,000 389,263   10/28/15 52,288 -  
Euro GSCO Sell 289,000 367,608   10/29/15 49,349 -  
Euro DBAB Sell 572,116 730,564   10/30/15 100,514 -  
Malaysian Ringgit JPHQ Buy 267,000 79,952   10/30/15 - (7,982 )
Euro DBAB Sell 36,060 45,670   11/03/15 5,956 -  
Euro DBAB Sell 148,000 185,626   11/05/15 22,622 -  
Japanese Yen BOFA Sell 15,120,000 133,099   11/05/15 10,972 -  
Japanese Yen SCNY Sell 30,300,000 267,583   11/05/15 22,845 -  
Euro BZWS Sell 254,534 319,756   11/06/15 39,413 -  

 

 

Templeton Income Trust            
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Japanese Yen BZWS Sell 15,100,000 133,877 11/06/15 11,910 -  
Euro GSCO Sell 1,104,872 1,243,920 11/09/15 26,954 -  
Japanese Yen CITI Sell 34,542,911 303,001 11/10/15 23,968 -  
Euro DBAB Sell 113,000 140,826 11/12/15 16,355 -  
Euro JPHQ Sell 1,121,018 1,404,692 11/12/15 169,877 -  
Japanese Yen CITI Sell 87,219,000 748,020 11/12/15 43,450 -  
Japanese Yen HSBK Sell 15,273,000 133,883 11/12/15 10,505 -  
Japanese Yen JPHQ Sell 33,933,000 298,150 11/12/15 24,033 -  
Euro CITI Sell 504,830 565,299 11/13/15 9,213 -  
Euro GSCO Sell 469,000 523,887 11/13/15 7,269 -  
Euro SCNY Sell 190,000 212,424 11/13/15 3,133 -  
Japanese Yen GSCO Sell 57,105,000 477,199 11/13/15 15,887 -  
Japanese Yen SCNY Sell 42,686,000 356,677 11/13/15 11,846 -  
Euro DBAB Sell 1,328,838 1,662,974 11/16/15 199,141 -  
Euro GSCO Sell 274,000 308,823 11/16/15 6,987 -  
Japanese Yen CITI Sell 42,685,000 356,692 11/16/15 11,851 -  
Japanese Yen MSCO Sell 6,000,000 52,322 11/16/15 3,849 -  
Japanese Yen SCNY Sell 34,402,400 300,505 11/16/15 22,576 -  
Japanese Yen DBAB Sell 23,793,000 205,147 11/18/15 12,923 -  
Euro DBAB Sell 431,774 539,739 11/19/15 64,077 -  
Japanese Yen CITI Sell 29,454,000 254,341 11/19/15 16,377 -  
Malaysian Ringgit DBAB Buy 498,560 145,880 11/19/15 - (11,697 )
Singapore Dollar DBAB Buy 795,900 600,226 11/19/15 - (11,937 )
Japanese Yen CITI Sell 33,082,000 285,436 11/20/15 18,155 -  
Malaysian Ringgit HSBK Buy 324,000 94,546 11/20/15 - (7,351 )
Euro GSCO Sell 2,787,000 3,128,408 11/23/15 57,903 -  
Japanese Yen HSBK Sell 6,209,000 53,114 11/24/15 2,946 -  
Euro DBAB Sell 13,877 17,299 11/30/15 2,009 -  
Singapore Dollar DBAB Buy 375,000 279,102 11/30/15 87 (2,058 )
Euro GSCO Sell 5,328,000 5,821,266 12/01/15 - (49,714 )
Euro CITI Sell 2,756,000 3,439,626 12/04/15 402,556 -  
Euro HSBK Sell 30,268 37,286 12/09/15 3,928 -  
Euro SCNY Sell 142,592 176,146 12/09/15 18,995 -  
Mexican Peso CITI Buy 11,809,000 802,514 12/11/15 - (46,344 )
Euro BOFA Sell 3,515,000 4,370,727 12/15/15 496,295 -  
Mexican Peso CITI Buy 11,839,000 783,747 12/17/15 - (26,007 )
Mexican Peso HSBK Buy 6,027,000 398,748 12/17/15 - (12,998 )
Mexican Peso CITI Buy 8,759,490 578,549 12/18/15 - (17,953 )
Mexican Peso HSBK Buy 3,787,000 250,021 12/18/15 - (7,658 )
Mexican Peso HSBK Buy 4,515,000 299,222 12/29/15 - (10,513 )
Mexican Peso CITI Buy 6,955,000 460,981 12/31/15 - (16,317 )
Mexican Peso CITI Buy 3,479,000 230,461 1/04/16 - (8,102 )
Mexican Peso CITI Buy 8,349,000 552,914 1/05/16 - (19,331 )
Mexican Peso CITI Buy 14,634,000 964,165 1/06/16 - (28,982 )
Euro DBAB Sell 722,726 866,852 1/07/16 69,812 -  
Japanese Yen DBAB Sell 23,005,000 193,151 1/07/16 7,047 -  
Malaysian Ringgit JPHQ Buy 612,000 165,562 1/11/16 - (1,464 )
Euro SCNY Sell 195,249 231,907 1/13/16 16,553 -  
Japanese Yen CITI Sell 7,840,000 66,129 1/14/16 2,693 -  
Japanese Yen SCNY Sell 23,520,000 199,627 1/14/16 9,320 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Euro CITI Sell 32,570 38,610   1/15/16 2,685 -  
Euro DBAB Sell 86,000 101,760   1/15/16 6,900 -  
Euro JPHQ Sell 22,549 26,710   1/15/16 1,838 -  
Malaysian Ringgit JPHQ Buy 230,000 62,395   1/15/16 - (741 )
Malaysian Ringgit JPHQ Buy 99,000 26,634   1/19/16 - (104 )
Malaysian Ringgit JPHQ Buy 8,682,000 1,978,127 EUR 1/19/16 144,525 -  
Euro DBAB Sell 105,000 123,097   1/20/16 7,266 -  
Mexican Peso CITI Buy 2,565,000 172,727   1/20/16 - (8,989 )
Euro BZWS Sell 249,000 290,608   1/21/16 15,918 -  
Euro CITI Sell 48,798 56,912   1/22/16 3,078 -  
Euro JPHQ Sell 32,570 37,986   1/22/16 2,055 -  
Euro DBAB Sell 531,000 612,190   1/26/16 26,340 -  
Euro BZWS Sell 517,624 587,695   1/27/16 16,590 -  
Japanese Yen GSCO Sell 33,200,000 283,821   1/27/16 15,094 -  
Japanese Yen HSBK Sell 40,858,365 349,165   1/28/16 18,440 -  
Euro CITI Sell 111,900 127,490   1/29/16 4,023 -  
Euro DBAB Sell 548,000 625,241   1/29/16 20,594 -  
Japanese Yen DBAB Sell 31,548,058 269,099   1/29/16 13,728 -  
Brazilian Real DBAB Buy 8,737,100 2,533,227 EUR 2/05/16 - (270,764 )
Mexican Peso DBAB Buy 93,024,800 5,348,097 EUR 2/05/16 29,134 -  
Euro CITI Sell 203,000 233,166   2/09/16 9,127 -  
Euro DBAB Sell 2,298,000 2,644,768   2/09/16 108,600 -  
Euro GSCO Sell 616,000 708,092   2/09/16 28,249 -  
Japanese Yen CITI Sell 42,706,000 366,129   2/09/16 20,333 -  
Euro HSBK Sell 152,000 172,632   2/10/16 4,875 -  
Euro BZWS Sell 645,000 733,047   2/11/16 21,166 -  
Japanese Yen GSCO Sell 49,397,000 419,169   2/12/16 19,162 -  
Euro SCNY Sell 327,000 371,971   2/16/16 11,023 -  
Euro GSCO Sell 198,000 227,488   2/17/16 8,928 -  
Euro JPHQ Sell 388,000 445,443   2/17/16 17,154 -  
Japanese Yen GSCO Sell 4,527,440 38,391   2/17/16 1,724 -  
Japanese Yen JPHQ Sell 8,460,000 71,611   2/17/16 3,094 -  
Mexican Peso MSCO Buy 8,240,820 537,983   2/17/16 - (13,058 )
Euro BZWS Sell 695,000 796,588   2/22/16 29,333 -  
Euro DBAB Sell 1,050,000 1,202,807   2/23/16 43,619 -  
Euro DBAB Sell 1,550,000 1,775,215   2/24/16 63,983 -  
Japanese Yen HSBK Sell 32,060,000 271,773   2/25/16 12,062 -  
Euro BOFA Sell 237,212 270,856   2/26/16 8,954 -  
Euro BZWS Sell 721,115 822,886   2/26/16 26,714 -  
Euro DBAB Sell 7,365,710 8,391,753   2/26/16 259,388 -  
Japanese Yen BZWS Sell 17,800,000 149,964   2/26/16 5,766 -  
Euro DBAB Sell 194,873 222,929   2/29/16 7,754 -  
Mexican Peso MSCO Buy 4,153,100 268,896   2/29/16 - (4,598 )
Japanese Yen JPHQ Sell 70,000,000 590,730   3/03/16 23,551 -  
Japanese Yen HSBK Sell 33,100,000 278,444   3/04/16 10,241 -  
Malaysian Ringgit JPHQ Buy 770,000 206,152   3/04/16 - (445 )
Euro DBAB Sell 62,000 69,862   3/07/16 1,389 -  
Euro BZWS Sell 869,226 968,353   3/09/16 8,320 -  
Euro DBAB Sell 2,120,000 2,356,698   3/09/16 15,226 -  
Euro HSBK Sell 71,000 78,945   3/09/16 528 -  

 

 

Templeton Income Trust              
Statement of Investments, May 31, 2015 (unaudited) (continued)        
Euro CITI Sell 268,000 294,076   3/10/16 - (1,930 )
Euro MSCO Sell 202,000 221,422   3/10/16 - (1,687 )
Malaysian Ringgit HSBK Buy 3,220,478 848,030   3/11/16 11,927 -  
Mexican Peso CITI Buy 3,811,400 239,390   3/11/16 2,954 -  
Mexican Peso HSBK Buy 25,865,900 1,626,173   3/11/16 18,487 -  
Euro DBAB Sell 563,000 600,186   3/14/16 - (21,719 )
Malaysian Ringgit JPHQ Buy 827,010 217,263   3/14/16 3,528 -  
Mexican Peso CITI Buy 7,547,900 470,230   3/14/16 9,583 -  
Euro BZWS Sell 132,892 142,213   3/16/16 - (4,592 )
Euro CITI Sell 98,445 105,484   3/16/16 - (3,268 )
Euro JPHQ Sell 418,000 447,615   3/16/16 - (14,146 )
Japanese Yen CITI Sell 18,818,061 156,661   3/16/16 4,125 -  
Japanese Yen JPHQ Sell 172,858,450 1,439,551   3/16/16 38,389 -  
Mexican Peso CITI Buy 7,049,200 442,400   3/18/16 5,572 -  
Japanese Yen CITI Sell 16,634,000 138,299   3/22/16 3,441 -  
Japanese Yen MSCO Sell 23,490,000 195,272   3/22/16 4,830 -  
Euro BZWS Sell 81,680 87,758   3/23/16 - (2,492 )
Euro DBAB Sell 236,000 253,606   3/23/16 - (7,154 )
Mexican Peso CITI Buy 9,393,800 599,140   3/23/16 - (2,404 )
Japanese Yen BZWS Sell 13,651,450 115,245   3/28/16 4,547 -  
Malaysian Ringgit DBAB Buy 151,000 39,947   3/28/16 329 -  
Malaysian Ringgit HSBK Buy 144,000 38,107   3/28/16 301 -  
Euro DBAB Sell 202,000 222,624   3/29/16 - (607 )
Euro BZWS Sell 905,000 1,000,283   3/30/16 132 -  
Euro DBAB Sell 41,097 45,108   3/31/16 - (311 )
Euro GSCO Sell 600,000 659,040   3/31/16 - (4,063 )
Euro BZWS Sell 212,293 231,818   4/01/16 - (2,809 )
Malaysian Ringgit HSBK Buy 2,100,000 561,617   4/11/16 - (2,012 )
Euro DBAB Sell 541,689 586,557   4/13/16 - (12,327 )
Euro SCNY Sell 198,000 212,499   4/13/16 - (6,408 )
Japanese Yen CITI Sell 20,800,000 174,111   4/13/16 5,362 -  
Euro JPHQ Sell 450,000 480,879   4/14/16 - (16,650 )
Euro DBAB Sell 170,000 180,846   4/15/16 - (7,115 )
Euro HSBK Sell 507,192 540,413   4/18/16 - (20,413 )
Euro JPHQ Sell 4,457,929 4,856,780   4/21/16 - (72,993 )
Euro BZWS Sell 208,570 225,826   4/22/16 - (4,825 )
Euro DBAB Sell 4,203,000 4,550,168   4/22/16 - (97,827 )
Euro BZWS Sell 201,960 220,735   4/29/16 - (2,652 )
Euro SCNY Sell 1,228,000 1,352,396   4/29/16 - (5,894 )
Euro BZWS Sell 737,531 829,407   5/05/16 13,482 -  
Euro BZWS Sell 379,000 424,632   5/09/16 5,298 -  
Euro BZWS Sell 896,946 1,030,232   5/18/16 37,574 -  
Indonesian Rupiah JPHQ Buy 20,592,000,000 1,825,047 AUD 5/18/16 59,439 -  
Indonesian Rupiah JPHQ Buy 5,408,000,000 481,868 AUD 5/19/16 13,619 -  
Euro JPHQ Sell 1,446,631 1,660,320   5/20/16 59,227 -  
Japanese Yen JPHQ Sell 21,372,000 179,950   5/20/16 6,360 -  
Euro BZWS Sell 405,000 454,218   5/23/16 5,935 -  
Euro DBAB Sell 430,000 481,824   5/23/16 5,869 -  
Malaysian Ringgit HSBK Buy 17,700 4,781   5/23/16 - (77 )
Mexican Peso DBAB Buy 14,550,000 932,836   5/23/16 - (12,939 )

 

 

Templeton Income Trust                
Statement of Investments, May 31, 2015 (unaudited) (continued)            
Euro JPHQ Sell 543,898 609,718 5/26/16   7,640   -  
Mexican Peso HSBK Buy 8,043,980 515,838 5/26/16   -   (7,390 )
Malaysian Ringgit HSBK Buy 72,700 19,649 5/31/16   -   (340 )
Malaysian Ringgit JPHQ Buy 1,085,000 290,480 5/31/16   -   (2,305 )
Mexican Peso HSBK Buy 7,191,663 455,125 5/31/16   -   (729 )
Totals Forward Exchange Contracts unrealized appreciation (depreciation)     $ 15,988,106 $ (6,546,255 )
Net unrealized appreciation (depreciation)         $ 9,441,851      
a May be comprised of multiple contracts with the same counterparty, currency and settlement date.            
* In U.S. dollars unless otherwise indicated.                  

 

At May 31, 2015, the Fund had the following interest rate swap contracts outstanding. See Note 3.            
Interest Rate Swap Contracts                  
  Counterparty /   Notional Expiration   Unrealized   Unrealized  
Description Exchange   Amount Date   Appreciation   Depreciation  
Centrally Cleared Swap Contracts                  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 0.926% LCH $ 26,620,000 10/17/17 $ 16,174 $ -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.775% CME   4,090,000 10/04/23   -   (238,751 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.795% CME   4,090,000 10/04/23   -   (245,283 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.765% CME   4,090,000 10/07/23   -   (235,114 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 2.731% LCH   4,790,000 7/07/24   -   (287,220 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.914% LCH   12,040,000 1/22/25   221,621   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.970% LCH   15,050,000 1/23/25   200,784   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.973% LCH   8,880,000 1/27/25   118,106   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.937% LCH   2,220,000 1/29/25   37,225   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.942% LCH   1,880,000 1/30/25   30,900   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 1.817% LCH   2,960,000 2/03/25   83,789   -  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.668% CME   1,990,000 10/04/43   -   (436,295 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.687% CME   1,990,000 10/04/43   -   (444,072 )
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.675% CME   1,990,000 10/07/43   -   (439,091 )
Totals Centrally Cleared Swap Contracts           708,599   (2,325,826 )
 
OTC Swap Contracts                  
Receive Floating rate 3-month USD BBA LIBOR                  
Pay Fixed rate 3.523% DBAB $ 1,150,000 3/28/21 $ - $ (119,577 )
Totals OTC Swap Contracts           -   (119,577 )
Totals Interest Rate Swap Contracts         $ 708,599 $ (2,445,403 )
Net unrealized appreciation (depreciation)             $ (1,736,804 )

 

 

Templeton Income Trust

Statement of Investments, May 31, 2015 (unaudited) (continued)

ABBREVIATIONS
 
Counterparty / Exchange
 
BOFA Bank of America Corp.
BZWS Barclays Bank PLC
CITI Citibank N.A.
CME Chicago Mercantile Exchange
DBAB Deutsche Bank AG
GSCO Goldman Sachs Group, Inc.
HSBK HSBC Bank PLC
JPHQ JPMorgan Chase Bank N.A.
LCH London Clearing House
MSCO Morgan Stanley and Co. Inc.
SCNY Standard Chartered Bank
UBSW UBS AG
 
 
 
Currency  
 
AUD - Australian Dollar
BRL - Brazilian Real
EUR - Euro
HUF - Hungarian Forint
IDR - Indonesian Rupiah
INR - Indian Rupee
JPY - Japanese Yen
KRW - South Korean Won
LKR - Sri Lankan Rupee
MXN - Mexican Peso
MYR - Malaysian Ringgit
PHP - Philippine Peso
PLN - Polish Zloty
SGD - Singapore Dollar
 
Selected Portfolio
 
FRN - Floating Rate Note

 

 

Templeton Income Trust

Notes to Statements of Investments (unaudited)

1. ORGANIZATION

Templeton Income Trust (Trust) is registered under the Investment Company Act of 1940 as an open-end management investment company, consisting of five separate funds (Funds) and applies the specialized accounting and reporting guidance in U.S. Generally Accepted Accounting Principles. On May 19, 2015, the Trust’s Board of Trustees (the Board) approved a proposal to terminate and liquidate Templeton Constrained Bond Fund. The fund is scheduled to liquidate on or about August 27, 2015.

2. FINANCIAL INSTRUMENT VALUATION

The Funds' 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 Funds calculate the net asset value (NAV) per share at the close of the New York Stock Exchange (NYSE), generally at 4 p.m. Eastern time (NYSE close) on each day the NYSE is open for trading. Under compliance policies and procedures approved by the Board, the Funds' administrator has responsibility for oversight of valuation, including leading the cross-functional Valuation and Liquidity Oversight Committee (VLOC). The VLOC provides administration and oversight of the Funds' valuation policies and procedures, which are approved annually by the Board. Among other things, these procedures allow the Funds to utilize independent pricing services, quotations from securities and financial instrument dealers, and other market sources to determine fair value.

Equity securities and derivative financial instruments (derivatives) 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 the NYSE close, whichever is earlier. The value is then converted into its U.S. dollar equivalent at the foreign exchange rate in effect at the NYSE close 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. Investments in open-end mutual funds are valued at the closing NAV.

Debt securities generally trade in the OTC market rather than on a securities exchange. The Funds' 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 the NYSE close on the date that the values of the foreign debt securities are determined.

Derivatives listed on an exchange are valued at the official closing price of the day. Certain derivatives trade in the OTC market. The Funds’ 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 Funds’ net benefit or obligation under the derivative contract, as measured by the fair value of the contract, is included in net assets.

The Funds have procedures to determine the fair value of financial instruments for which market prices are not reliable or readily available. Under these procedures, the VLOC convenes on a regular basis to review such financial instruments and considers a number of factors, including significant unobservable valuation inputs, when arriving at fair value. The VLOC 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. The VLOC employs various methods for calibrating these valuation approaches including a regular review of key inputs and assumptions, transactional back-testing or disposition analysis, and reviews of any related market activity.

Trading in securities on foreign securities stock exchanges and OTC markets may be completed before the daily NYSE close. In addition, trading in certain foreign markets may not take place on every NYSE business day. Occasionally, events occur between the time at which trading in a foreign security is completed and the close of the NYSE 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 Funds’ portfolio securities as determined at the foreign market close and the latest indications of value at the close of the NYSE. In order to minimize the potential for these differences, the VLOC monitors price movements following the close of trading in foreign stock markets through a series of country specific market proxies (such as baskets of American Depositary Receipts, futures contracts and exchange traded funds). These price movements are measured against established trigger thresholds for each specific market proxy to assist in determining if an event has occurred that may call into question the reliability of the values of the foreign securities held by the Funds. If such an event occurs, the securities may be valued using fair value procedures, which may include the use of independent pricing services.

When the last day of the reporting period is a non-business day, certain foreign markets may be open on those days that the NYSE is closed, which could result in differences between the value of the Funds’ portfolio securities on the last business day and the last calendar day of the reporting period. Any significant security valuation changes due to an open foreign market are adjusted and reflected by the Funds for financial reporting purposes.

3. DERIVATIVE FINANCIAL INSTRUMENTS

The Funds invested in derivatives 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.

Derivative counterparty credit risk is managed through a formal evaluation of the creditworthiness of all potential counterparties. The Funds attempt to reduce their 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 Funds include failure of the Funds 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 Funds of any net liability owed to that counterparty under the ISDA agreement.

Collateral requirements differ by type of derivative. Collateral or initial margin requirements are set by the broker or exchange clearing house for exchange traded and centrally cleared derivatives. Initial margin deposited is held at the exchange and can be in the form of cash and/or securities. For OTC derivatives traded under an ISDA master agreement, posting of collateral is required by either the fund or the applicable counterparty if the total net exposure of all OTC derivatives with the applicable counterparty exceeds the minimum transfer amount, which typically ranges from $100,000 to $250,000, and can vary depending on the counterparty and the type of the agreement. Generally, collateral is determined at the close of fund business each day and any additional collateral required due to changes in derivative values may be delivered by the fund or the counterparty within a few business days. Collateral pledged and/or received by the fund for OTC derivatives, if any, is held in segregated accounts with the fund’s custodian/counterparty broker and can be in the form of cash and/or securities. Unrestricted cash may be invested according to the Funds' investment objectives.

The Funds entered into OTC forward exchange contracts primarily to manage and/or gain exposure to certain foreign currencies. A forward exchange contract is an agreement between the fund and a counterparty to buy or sell a foreign currency for a specific exchange rate on a future date.

The Funds 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.

 

4. INCOME TAXES

At May 31, 2015, the cost of investments and net unrealized appreciation (depreciation) for income tax purposes were as follows:

          Templeton        
    Templeton     Emerging     Templeton  
    Constrained     Markets Bond     Global Bond  
    Bond Fund     Fund     Fund  
 
Cost of investments $ 9,654,423   $ 17,383,598   $ 65,449,969,887  
 
Unrealized appreciation $ 55,547   $ 262,826   $ 975,190,473  
Unrealized depreciation   (469,584 )   (2,643,448 )   (5,600,614,962 )
Net unrealized appreciation (depreciation) $ (414,037 ) $ (2,380,622 ) $ (4,625,424,489 )
 
    Templeton     Templeton        
    Global Total     International        
    Return Fund     Bond Fund        
 
Cost of investments $ 8,404,366,450   $ 420,455,573        
 
Unrealized appreciation $ 122,678,154   $ 5,608,990        
Unrealized depreciation   (928,232,448 )   (42,455,391 )      
Net unrealized appreciation (depreciation) $ (805,554,294 ) $ (36,846,401 )      

 

5. CONCENTRATION OF RISK

Investing in foreign securities may include certain risks and considerations not typically associated with investing in U.S. securities, such as fluctuating currency values and changing local and regional economic, political and social conditions, which may result in greater market volatility. In addition, certain foreign securities may not be as liquid as U.S. securities.

6. RESTRICTED SECURITIES

At May 31, 2015, the Templeton Emerging Markets Bond Fund held investments in restricted securities, excluding certain securities exempt from registration under the Securities Act of 1933 deemed to be liquid, as follows:

Principal   Acquisition        
Am ount Issuer Date   Cost   Value
Templeton Emerging Markets Bond Fund          
600,000 Reventazon Finance Trust, secured bond, first lien, 144A, 8.00%, 11/15/33 12/18/13 $ 600,000 $ 638,903
  (Value is 3.77% of Net Assets)          

 

 

7. FAIR VALUE MEASUREMENTS

The Funds follow a fair value hierarchy that distinguishes between market data obtained from independent sources (observable inputs) and the Funds’ own market assumptions (unobservable inputs). These inputs are used in determining the value of the Funds’ 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 Funds’ 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.

For movements between the levels within the fair value hierarchy, the Funds have adopted a policy of recognizing the transfers as of the date of the underlying event which caused the movement.

A summary of inputs used as of May 31, 2015, in valuing the Funds’ assets and liabilities carried at fair value, is as follows:

 

    Level 1   Level 2   Level 3   Total
Templeton Constrained Bond Fund                
Assets:                
Investments in Securities                
Foreign Government and Agency Securitiesa $ - $ 2,401,096 $ - $ 2,401,096
Short Term Investments   1,995,113   4,844,177   -   6,839,290
Total Investments in Securities $ 1,995,113 $ 7,245,273 $ - $ 9,240,386
 
Other Financial Instruments                
Forw ard Exchange Contracts $ - $ 710,656 $ - $ 710,656
Sw ap Contracts   -   5,400   -   5,400
Total Other Financial Instruments $ - $ 716,056 $ - $ 716,056
 
Liabilities:                
Other Financial Instruments                
Forw ard Exchange Contracts $ - $ 211,854 $ - $ 211,854
Sw ap Contracts   -   29,503   -   29,503
Total Other Financial Instruments $ - $ 241,357 $ - $ 241,357
 
Templeton Emerging Markets Bond Fund                
Assets:                
Investments in Securities                
Foreign Government and Agency Securitiesa $ - $ 10,431,432 $ - $ 10,431,432
Quasi-Sovereign and Corporate Bondsa   -   1,382,895   638,903   2,021,798
Short Term Investments   2,143,233   406,513   -   2,549,746
Total Investments in Securities $ 2,143,233 $ 12,220,840 $ 638,903 $ 15,002,976
 
Other Financial Instruments                
Forw ard Exchange Contracts $ - $ 476,211 $ - $ 476,211
Sw ap Contracts   -   25,882   -   25,882
Total Other Financial Instruments $ - $ 502,093 $ - $ 502,093
 
Liabilities:                
Other Financial Instruments                
Forw ard Exchange Contracts $ - $ 54,917 $ - $ 54,917
Sw ap Contracts   -   201,786   -   201,786
Total Other Financial Instruments $ - $ 256,703 $ - $ 256,703
 
 
Templeton Global Bond Fund                
Assets:                
Investments in Securities                
Foreign Government and Agency Securitiesa $ - $ 36,256,858,197 $ - $ 36,256,858,197
Quasi-Sovereign and Corporate Bondsa   -   908,144,885   -   908,144,885
Short Term Investments   13,658,459,346   10,001,082,970   -   23,659,542,316
Total Investments in Securities $ 13,658,459,346 $ 47,166,086,052 $ - $ 60,824,545,398
 
Other Financial Instruments                
Forw ard Exchange Contracts $ - $ 4,609,920,754 $ - $ 4,609,920,754
Sw ap Contracts   -   123,384,959   -   123,384,959
Total Other Financial Instruments $ - $ 4,733,305,713 $ - $ 4,733,305,713
 
Liabilities:                
Other Financial Instruments                
Forw ard Exchange Contracts $ - $ 903,965,760 $ - $ 903,965,760
Sw ap Contracts   -   588,126,724   -   588,126,724
Total Other Financial Instruments $ - $ 1,492,092,484 $ - $ 1,492,092,484
 
Templeton Global Total Return Fund                
Assets:                
Investments in Securities                
Equity Investments:b                
United Kingdom $ - $ 2,146,845 $ - $ 2,146,845
United States   7,639   -   -   7,639
Convertible Bonds   -   49,259,009   -   49,259,009
Foreign Government and Agency Securitiesa   -   5,166,457,017   -   5,166,457,017
Quasi-Sovereign and Corporate Bondsa   -   597,422,838   -   597,422,838
Credit-Linked Notesa   -   1,100,200   -   1,100,200
Senior Floating Rate Interestsa   -   774,083   19,245   793,328
Escrow s and Litigation Trustsa   -   -   - c -
Short Term Investments   1,096,025,581   685,599,699   -   1,781,625,280
Total Investments in Securities $ 1,096,033,220 $ 6,502,759,691 $ 19,245 $ 7,598,812,156
 
Other Financial Instruments                
Forw ard Exchange Contracts $ - $ 572,714,701 $ - $ 572,714,701
Sw ap Contracts   -   10,611,004   -   10,611,004
Total Other Financial Instruments $ - $ 583,325,705 $ - $ 583,325,705
Liabilities:                
Other Financial Instruments                
Forw ard Exchange Contracts $ - $ 116,136,894 $ - $ 116,136,894
Sw ap Contracts   -   76,385,906   -   76,385,906
Total Other Financial Instruments $ - $ 192,522,800 $ - $ 192,522,800
 
Templeton International Bond Fund                
Assets:                
Investments in Securities                
Foreign Government and Agency Securitiesa $ - $ 251,063,740 $ - $ 251,063,740
Short Term Investments   78,855,782   53,689,650   -   132,545,432
Total Investments in Securities $ 78,855,782 $ 304,753,390 $ - $ 383,609,172
 
Other Financial Instruments                
Forw ard Exchange Contracts $ - $ 15,988,106 $ - $ 15,988,106
Sw ap Contracts   -   708,599   -   708,599
Total Other Financial Instruments $ - $ 16,696,705 $ - $ 16,696,705
 
Liabilities:                
Other Financial Instruments                
Forw ard Exchange Contracts $ - $ 6,546,255 $ - $ 6,546,255
Sw ap Contracts   -   2,445,403   -   2,445,403
Total Other Financial Instruments $ - $ 8,991,658 $ - $ 8,991,658

 

aFor detailed categories, see the accompanying Statement of Investments.
bIncludes common, preferred and convertible preferred stocks as w ell as other equity investments.
cIncludes securities determined to have no value at May 31, 2015.

 

A reconciliation of assets in which Level 3 inputs are used in determining fair value is presented when there are significant Level 3 financial instruments at the end of the period. The reconciliation of assets for the nine months ended May 31, 2015, is as follows:

                        Net Change in  
                        Unrealized  
                        Appreciation  
    Balance at           Net Unrealized       (Depreciation)  
    Beginning of   Purchases Transfers Into Cost Basis Net Realized Gain Appreciation   Balance at End of   on Assets Held  
    Period   (Sales) (Out of) Level 3 Adjustments (Loss) (Depreciation)   Period   at Period End  
Templeton Emerging Markets Bond Fund                          
Assets:                          
Investments in Securities:                          
Quasi-Sovereign and Corporate Bonds $ 642,444 $ - $ - $ - $ - $ (3,541 ) $ 638,903 $ (3,541 )

 

Significant unobservable valuation inputs developed by the VLOC for material Level 3 financial instruments and impact to fair value as a result of changes in unobservable valuation inputs as of May 31, 2015, are as follows:

              Impact to Fair
  Fair Value at End   Unobservable     Value if Input
Description   of Period Valuation Technique Inputs Am ount   Increasesa
Templeton Emerging Markets Bond              
Fund              
Assets:              
Investments in Securities:              
Quasi-Sovereign and Corporate Bonds $ 638,903 Discounted Cash Flow Model Discount rateb 7.2 % Decrease
 
a Represents the expected directional change in the fair value of the Level 3 investments that w ould result from an increase in the corresponding input. A decrease to the
unobservable input w ould have the opposite effect. Significant changes in these inputs could result in significantly higher or low er fair value measurement.
b The discount rate is comprised of the risk-free rate, the 10-year Costa Rican CDS curve, and an incremental credit spread that combines w ith the first tw o components to
arrive at an 8% yield on issue date for an 8% coupon bond issued at par.        

 

8. SUBSEQUENT EVENTS

The Funds have evaluated subsequent events through the issuance of the Statements of Investments and determined that no events have occurred that require disclosure.

For additional information on the Funds' significant accounting policies, please refer to the Funds' most recent semiannual or annual shareholder report.

 

 

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 changes in the Registrant’s internal controls or in other factors that could materially affect the internal controls over financial reporting 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 Laura F. Fergerson, Chief Executive Officer - Finance and Administration, and Mark H. Otani, 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 Income Trust

 

 

By /s/ LAURA F. FERGERSON________

      Laura F. Fergerson

      Chief Executive Officer –

 Finance and Administration

Date  July 27, 2015

 

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/ LAURA F. FERGERSON________

      Laura F. Fergerson

      Chief Executive Officer –

 Finance and Administration

Date  July 27, 2015

 

 

 

By /s/MARK H. OTANI______________

      Mark H. Otani

Chief Financial Officer and

 Chief Accounting Officer

Date  July 27, 2015