NPORT-EX 2 TIT.htm
Not
FDIC
Insured
May
Lose
Value
No
Bank
Guarantee
TIT-Q3PH
1
Schedules
of
Investments
(unaudited)
Templeton
Global
Bond
Fund
2
Templeton
Global
Total
Return
Fund
7
Templeton
International
Bond
Fund
14
Templeton
Sustainable
Emerging
Markets
Bond
Fund
18
Notes
to
Schedules
of
Investments
23
Templeton
Income
Trust
Schedule
of
Investments
(unaudited),
September
30,
2022
Templeton
Global
Bond
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
2
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
42.2%
Argentina
1.5%
a
Argentina
BONCER
,
Index
Linked,
1.4%,
3/25/23
.......
5,141,947,038
ARS
$
16,559,192
Index
Linked,
1.5%,
3/25/24
.......
20,538,092,739
ARS
59,455,466
Argentina
Government
Bond,
16%,
10/17/23
.....................
5,951,059,700
ARS
10,977,367
86,992,025
Brazil
0.7%
Brazil
Notas
do
Tesouro
Nacional,
10%,
1/01/27
......................
216,080,000
BRL
37,929,220
Colombia
4.5%
Colombia
Government
Bond
,
Senior
Bond,
4.375%,
3/21/23
.....
6,831,000,000
COP
1,423,247
Senior
Bond,
9.85%,
6/28/27
......
10,884,000,000
COP
2,106,064
Colombia
Titulos
de
Tesoreria
,
B,
10%,
7/24/24
................
416,163,000,000
COP
87,855,493
B,
6.25%,
11/26/25
..............
126,303,000,000
COP
23,344,617
B,
7.5%,
8/26/26
...............
172,321,200,000
COP
32,003,226
B,
5.75%,
11/03/27
..............
91,769,000,000
COP
15,045,341
B,
6%,
4/28/28
.................
294,498,100,000
COP
47,712,727
B,
7.75%,
9/18/30
..............
258,536,800,000
COP
42,579,625
B,
7%,
6/30/32
.................
79,255,000,000
COP
11,824,929
263,895,269
Ghana
1.7%
Ghana
Government
Bond
,
19.75%,
3/25/24
................
186,550,000
GHS
14,319,173
19%,
11/02/26
.................
835,045,000
GHS
45,898,929
19.75%,
3/15/32
................
820,425,000
GHS
37,774,079
Senior
Note,
18.3%,
3/02/26
......
6,300,000
GHS
361,063
98,353,244
India
4.6%
India
Government
Bond
,
8.2%,
9/24/25
.................
320,200,000
INR
4,025,870
7.59%,
1/11/26
.................
4,022,000,000
INR
49,934,219
7.27%,
4/08/26
................
1,448,000,000
INR
17,830,418
8.33%,
7/09/26
................
8,401,000,000
INR
106,566,502
7.26%,
1/14/29
................
6,911,000,000
INR
84,785,622
Senior
Note,
5.15%,
11/09/25
......
622,300,000
INR
7,229,316
270,371,947
Indonesia
8.8%
Indonesia
Government
Bond
,
FR39,
11.75%,
8/15/23
..........
641,965,000,000
IDR
44,620,309
FR40,
11%,
9/15/25
.............
532,795,000,000
IDR
39,476,339
FR44,
10%,
9/15/24
.............
248,790,000,000
IDR
17,646,241
FR46,
9.5%,
7/15/23
............
1,653,114,000,000
IDR
111,953,204
FR59,
7%,
5/15/27
..............
502,090,000,000
IDR
32,989,728
FR70,
8.375%,
3/15/24
..........
2,197,357,000,000
IDR
148,648,261
FR81,
6.5%,
6/15/25
............
162,429,000,000
IDR
10,586,605
FR86,
5.5%,
4/15/26
............
1,712,391,000,000
IDR
108,153,615
514,074,302
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
3
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Norway
8.3%
b
Norway
Government
Bond
,
Senior
Bond,
144A,
Reg
S,
2%,
5/24/23
......................
1,503,753,000
NOK
$
137,411,336
Senior
Bond,
144A,
Reg
S,
3%,
3/14/24
......................
2,921,308,000
NOK
268,301,726
Senior
Bond,
144A,
Reg
S,
1.75%,
3/13/25
......................
890,910,000
NOK
79,217,825
484,930,887
South
Korea
6.7%
Korea
Treasury
Bonds
,
1.875%,
3/10/24
................
58,662,000,000
KRW
39,596,696
1.375%,
9/10/24
................
385,853,010,000
KRW
254,562,043
3%,
9/10/24
...................
146,030,000,000
KRW
99,374,325
393,533,064
Supranational
0.5%
c
Inter-American
Development
Bank,
Senior
Bond,
7.5%,
12/05/24
......
603,261,000
MXN
27,841,663
Thailand
3.0%
Thailand
Government
Bond
,
0.75%,
9/17/24
................
3,255,070,000
THB
84,240,585
1%,
6/17/27
...................
2,318,690,000
THB
56,953,699
Senior
Note,
0.66%,
11/22/23
......
1,302,120,000
THB
34,058,836
175,253,120
United
Kingdom
1.9%
b
United
Kingdom
Gilt,
Reg
S,
0.125%,
1/31/23
......................
97,661,000
GBP
108,018,993
Total
Foreign
Government
and
Agency
Securities
(Cost
$3,661,719,707)
...........
2,461,193,734
U.S.
Government
and
Agency
Securities
16.2%
United
States
16.2%
U.S.
Treasury
Notes
,
2.875%,
5/31/25
................
37,950,000
36,623,232
2.625%,
12/31/25
...............
418,885,000
398,644,347
1.625%,
2/15/26
................
226,420,000
207,996,841
2.125%,
5/31/26
................
103,431,000
96,180,729
1.625%,
10/31/26
...............
226,430,000
205,157,964
944,603,113
Total
U.S.
Government
and
Agency
Securities
(Cost
$1,052,014,411)
..............
944,603,113
Total
Long
Term
Investments
(Cost
$4,713,734,118)
.............................
3,405,796,847
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Bond
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
4
Short
Term
Investments
40.8%
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
28.0%
Brazil
9.7%
d
Brazil
Letras
do
Tesouro
Nacional
,
1/01/24
......................
206,720,000
BRL
$
32,998,937
7/01/24
......................
1,240,310,000
BRL
188,659,023
1/01/25
......................
2,370,780,000
BRL
344,834,296
566,492,256
Japan
10.8%
d
Japan
Treasury
Bills
,
10/03/22
.....................
14,539,400,000
JPY
100,448,375
10/17/22
.....................
14,397,000,000
JPY
99,469,104
11/14/22
.....................
25,376,000,000
JPY
175,344,869
11/21/22
.....................
25,303,000,000
JPY
174,845,817
1/25/23
......................
11,304,600,000
JPY
78,138,985
628,247,150
Singapore
4.8%
d
Singapore
Treasury
Bills
,
11/18/22
.....................
353,020,000
SGD
244,857,536
1/10/23
......................
21,940,000
SGD
15,144,615
1/24/23
......................
34,850,000
SGD
24,026,779
284,028,930
United
Kingdom
2.7%
d
United
Kingdom
Treasury
Bills
,
10/24/22
.....................
57,117,000
GBP
63,671,069
10/31/22
.....................
7,278,000
GBP
8,109,426
11/28/22
.....................
17,054,000
GBP
18,962,498
12/05/22
.....................
17,609,000
GBP
19,565,067
1/03/23
......................
30,580,000
GBP
33,853,074
3/20/23
......................
11,557,000
GBP
12,684,593
156,845,727
Total
Foreign
Government
and
Agency
Securities
(Cost
$1,744,483,785)
...........
1,635,614,063
Shares
Money
Market
Funds
12.8%
United
States
12.8%
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
2.42%
..........
744,446,053
744,446,053
Total
Money
Market
Funds
(Cost
$744,446,053)
.................................
744,446,053
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$2,488,929,838
)
.............................
2,380,060,116
a
a
a
Total
Investments
(Cost
$7,202,663,956)
99.2%
..................................
$5,785,856,963
Other
Assets,
less
Liabilities
0.8%
.............................................
44,120,596
Net
Assets
100.0%
...........................................................
$5,829,977,559
a
a
a
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
5
At
September
30,
2022,
the
Fund
had
the
following
forward
exchange
contracts
outstanding.
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
a
Redemption
price
at
maturity
is
adjusted
for
inflation.
b
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
September
30,
2022,
the
aggregate
value
of
these
securities
was
$592,949,880,
representing
10.2%
of
net
assets.
c
A
supranational
organization
is
an
entity
formed
by
two
or
more
central
governments
through
international
treaties.
d
The
security
was
issued
on
a
discount
basis
with
no
stated
coupon
rate.
e
See
Note
4
regarding
investments
in
affiliated
management
investment
companies.
f
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Forward
Exchange
Contracts
Currency
Counter-
party
a
Type
Quantity
Contract
Amount
*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
Indian
Rupee
......
JPHQ
Buy
4,628,008,500
60,068,901
10/07/22
$
—
$
(3,319,608)
Indian
Rupee
......
JPHQ
Sell
4,628,008,500
56,701,893
10/07/22
—
(47,400)
Chilean
Peso
......
GSCO
Buy
7,546,330,000
9,094,813
10/11/22
—
(1,307,604)
Indian
Rupee
......
JPHQ
Buy
2,823,969,900
36,705,919
10/11/22
—
(2,095,178)
Euro
.............
DBAB
Sell
148,217,961
1,532,958,929
SEK
10/12/22
—
(7,165,131)
Euro
.............
HSBK
Sell
256,580,000
256,010,649
10/12/22
4,393,602
—
Indian
Rupee
......
CITI
Buy
2,857,906,500
37,125,312
10/12/22
—
(2,102,988)
Swedish
Krona
.....
DBAB
Sell
1,532,958,929
146,465,000
EUR
10/12/22
5,446,078
—
Chinese
Yuan
......
HSBK
Buy
927,022,870
137,958,044
10/18/22
—
(8,081,731)
Chinese
Yuan
......
HSBK
Sell
927,022,870
136,378,034
10/18/22
6,501,722
—
Euro
.............
BZWS
Sell
69,550,000
76,188,547
10/25/22
7,920,844
—
Euro
.............
DBAB
Sell
90,939,000
99,487,107
10/25/22
10,224,754
—
Chilean
Peso
......
GSCO
Buy
18,020,686,023
19,432,125
10/26/22
—
(879,721)
Chilean
Peso
......
JPHQ
Buy
17,871,274,547
21,562,831
10/26/22
—
(3,164,247)
Chilean
Peso
......
JPHQ
Buy
29,488,000,000
31,445,481
10/28/22
—
(1,096,874)
Canadian
Dollar
....
HSBK
Sell
178,200,000
135,846,985
EUR
11/03/22
4,422,374
—
Euro
.............
HSBK
Sell
150,541,305
206,348,472
CAD
11/03/22
1,522,669
—
Chilean
Peso
......
GSCO
Buy
11,267,220,000
12,349,579
11/14/22
—
(790,233)
Chilean
Peso
......
JPHQ
Buy
33,537,277,800
35,765,466
11/22/22
—
(1,414,608)
Japanese
Yen
......
BOFA
Buy
15,477,619,440
115,748,212
11/22/22
—
(8,279,362)
Chilean
Peso
......
GSCO
Buy
19,189,599,252
20,628,432
11/29/22
—
(1,001,291)
Mexican
Peso
......
MSCO
Buy
1,191,004,000
58,800,494
12/06/22
—
(361,031)
Mexican
Peso
......
MSCO
Sell
1,191,004,000
58,682,867
12/06/22
243,405
—
Chinese
Yuan
......
BOFA
Buy
1,188,701,030
177,965,241
12/08/22
—
(11,253,219)
Chinese
Yuan
......
BOFA
Sell
834,300,000
122,967,854
12/08/22
5,959,594
—
Chinese
Yuan
......
CITI
Buy
841,154,240
126,070,389
12/08/22
—
(8,100,840)
Chinese
Yuan
......
JPHQ
Buy
588,157,946
87,980,426
12/09/22
—
(5,490,328)
Chilean
Peso
......
GSCO
Buy
45,411,400,440
48,827,700
12/21/22
—
(2,606,568)
Euro
.............
CITI
Sell
274,830,000
276,968,177
12/21/22
5,897,048
—
Indian
Rupee
......
JPHQ
Buy
2,589,343,200
32,344,149
12/21/22
—
(843,536)
Japanese
Yen
......
DBAB
Buy
35,628,107,310
251,599,556
12/21/22
—
(3,196,401)
New
Zealand
Dollar
.
CITI
Buy
66,290,000
39,882,351
12/21/22
—
(2,765,852)
South
Korean
Won
..
DBAB
Buy
268,036,000,000
193,362,991
12/21/22
—
(6,898,924)
South
Korean
Won
..
HSBK
Buy
247,500,000,000
178,668,110
12/21/22
—
(6,490,280)
South
Korean
Won
..
MSCO
Buy
147,734,000,000
106,586,633
12/21/22
—
(3,812,817)
Chilean
Peso
......
JPHQ
Buy
17,871,325,453
19,478,284
12/27/22
—
(1,312,921)
Mexican
Peso
......
MSCO
Buy
852,385,000
41,888,343
12/27/22
21,243
(233,782)
Mexican
Peso
......
MSCO
Sell
852,385,000
39,019,684
12/27/22
—
(2,656,119)
Chinese
Yuan
......
CITI
Buy
856,161,690
127,741,475
1/11/23
—
(7,533,774)
Indian
Rupee
......
HSBK
Buy
2,559,257,100
31,766,758
1/11/23
—
(697,001)
South
Korean
Won
..
JPHQ
Buy
37,708,300,000
28,946,265
1/18/23
—
(2,663,920)
Euro
.............
DBAB
Sell
155,497,462
1,645,112,308
SEK
1/19/23
—
(4,441,616)
Swedish
Krona
.....
DBAB
Sell
1,645,112,308
155,658,627
EUR
1/19/23
4,600,975
—
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Bond
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
6
See
Abbreviations
on
page
29
.
Forward
Exchange
Contracts
(continued)
Currency
Counter-
party
a
Type
Quantity
Contract
Amount*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
(continued)
Euro
.............
DBAB
Sell
91,387,000
100,708,825
1/25/23
$
10,310,718
$
—
South
Korean
Won
..
CITI
Buy
73,606,900,000
56,673,006
1/25/23
—
(5,350,448)
Euro
.............
HSBK
Sell
386,610,575
511,912,995
CAD
2/03/23
—
(11,663,080)
Chilean
Peso
......
GSCO
Buy
12,107,880,000
14,335,638
3/07/23
—
(2,189,594)
Indian
Rupee
......
JPHQ
Buy
4,628,008,500
55,839,871
3/15/23
15,457
—
Japanese
Yen
......
BNDP
Buy
7,696,725,520
54,933,410
3/15/23
—
(647,950)
Japanese
Yen
......
BOFA
Buy
27,371,868,200
195,433,077
3/15/23
—
(2,377,676)
Japanese
Yen
......
JPHQ
Buy
8,080,979,530
57,677,612
3/15/23
—
(681,987)
New
Zealand
Dollar
.
BOFA
Buy
56,380,000
33,887,199
3/15/23
—
(2,293,822)
New
Zealand
Dollar
.
JPHQ
Buy
181,180,000
109,002,417
3/15/23
—
(7,475,492)
South
Korean
Won
..
BNDP
Buy
350,486,200,000
253,040,358
3/15/23
—
(8,021,414)
South
Korean
Won
..
HSBK
Buy
169,800,000,000
122,803,211
3/23/23
—
(4,048,147)
Euro
.............
BZWS
Sell
32,638,000
36,250,863
4/25/23
3,778,333
—
Chilean
Peso
......
GSCO
Buy
24,095,047,612
24,120,348
7/26/23
—
(538,838)
Mexican
Peso
......
MSCO
Buy
82,720,000
3,843,412
8/04/23
38,336
—
Mexican
Peso
......
MSCO
Sell
179,588,000
8,127,993
8/04/23
—
(299,417)
Mexican
Peso
......
CITI
Sell
522,579,750
22,751,029
10/23/23
—
(1,435,544)
Mexican
Peso
......
MSCO
Buy
540,623,000
23,797,496
9/03/24
222,844
(201,440)
Mexican
Peso
......
MSCO
Sell
540,623,000
22,984,206
9/03/24
—
(834,694)
Total
Forward
Exchange
Contracts
...................................................
$71,519,996
$(160,164,448)
Net
unrealized
appreciation
(depreciation)
............................................
$(88,644,452)
*
In
U.S.
dollars
unless
otherwise
indicated.
a
May
be
comprised
of
multiple
contracts
with
the
same
counterparty,
currency
and
settlement
date.
Templeton
Income
Trust
Schedule
of
Investments
(unaudited),
September
30,
2022
Templeton
Global
Total
Return
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
7
a
a
Industry
Shares
a
Value
a
Common
Stocks
0.0%
South
Africa
0.0%
a,b,c
K2016470219
South
Africa
Ltd.,
A
....
Multiline
Retail
434,200,485
$
—
a,b,c
K2016470219
South
Africa
Ltd.,
B
....
Multiline
Retail
50,014,925
—
—
Total
Common
Stocks
(Cost
$1,645,359)
.......................................
—
Principal
Amount
*
a
a
a
a
a
Corporate
Bonds
0.0%
South
Africa
0.0%
a,d,e
K2016470219
South
Africa
Ltd.
,
Senior
Secured
Note,
144A,
PIK,
3%,
12/31/22
.....................
Multiline
Retail
37,627,701
—
Senior
Secured
Note,
144A,
PIK,
8%,
12/31/22
.....................
Multiline
Retail
14,528,882
EUR
—
a,d,e
K2016470260
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
25
%
,
12/31/22
.....................
Multiline
Retail
19,186,470
—
—
Total
Corporate
Bonds
(Cost
$46,940,536)
......................................
—
a
a
Industry
Principal
Amount
*
a
Value
Foreign
Government
and
Agency
Securities
64.5%
Argentina
2.0%
f
Argentina
BONCER
,
Index
Linked,
1.4%,
3/25/23
.......
70,611,719
ARS
227,399
Index
Linked,
1.5%,
3/25/24
.......
3,069,330,234
ARS
8,885,365
Argentina
Government
Bond,
16%,
10/17/23
.....................
420,350,200
ARS
775,381
9,888,145
Brazil
2.6%
Brazil
Notas
do
Tesouro
Nacional,
10%,
1/01/27
......................
72,690,000
BRL
12,759,511
Colombia
7.6%
Colombia
Titulos
de
Tesoreria
,
B,
10%,
7/24/24
................
32,209,000,000
COP
6,799,590
B,
6.25%,
11/26/25
..............
9,412,000,000
COP
1,739,622
B,
7.5%,
8/26/26
...............
131,496,000,000
COP
24,421,234
B,
5.75%,
11/03/27
..............
6,893,000,000
COP
1,130,093
B,
6%,
4/28/28
.................
1,110,000,000
COP
179,835
B,
7.75%,
9/18/30
..............
4,638,000,000
COP
763,854
B,
7%,
6/30/32
.................
21,094,000,000
COP
3,147,247
38,181,475
Dominican
Republic
2.5%
e
Dominican
Republic
Government
Bond
,
Senior
Bond,
144A,
5.3%,
1/21/41
..
8,400,000
5,707,274
Senior
Bond,
144A,
6.4%,
6/05/49
..
1,460,000
1,055,972
Senior
Bond,
144A,
5.875%,
1/30/60
8,320,000
5,522,484
12,285,730
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
8
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Ecuador
4.1%
e
Ecuador
Government
Bond
,
Senior
Bond,
144A,
1%,
7/31/35
....
33,616,000
$
11,147,144
Senior
Note,
144A,
5%,
7/31/30
....
19,217,000
9,191,807
20,338,951
Egypt
3.5%
e
Egypt
Government
Bond
,
Senior
Bond,
144A,
7.625%,
5/29/32
1,330,000
805,781
Senior
Bond,
144A,
7.3%,
9/30/33
..
7,530,000
4,364,252
Senior
Bond,
144A,
8.5%,
1/31/47
..
8,190,000
4,578,185
Senior
Bond,
144A,
7.903%,
2/21/48
1,080,000
567,281
Senior
Bond,
144A,
8.7%,
3/01/49
..
820,000
457,115
Senior
Bond,
144A,
8.875%,
5/29/50
3,120,000
1,744,061
Senior
Bond,
144A,
8.75%,
9/30/51
.
6,580,000
3,643,872
Senior
Bond,
144A,
7.5%,
2/16/61
..
2,370,000
1,257,404
17,417,951
Ghana
2.7%
Ghana
Government
Bond
,
17.6%,
11/28/22
................
1,250,000
GHS
117,676
16.5%,
2/06/23
................
5,210,000
GHS
472,110
18.85%,
9/28/23
................
8,700,000
GHS
714,501
19.25%,
12/18/23
...............
2,890,000
GHS
229,389
19%,
11/02/26
.................
109,010,000
GHS
5,991,823
19.75%,
3/15/32
................
106,234,000
GHS
4,891,235
Senior
Note,
18.5%,
1/02/23
......
1,920,000
GHS
177,913
Senior
Note,
20.75%,
1/16/23
......
3,200,000
GHS
296,209
Senior
Note,
17.6%,
2/20/23
......
480,000
GHS
43,351
Senior
Note,
17.25%,
7/31/23
......
7,010,000
GHS
583,233
Senior
Note,
18.3%,
3/02/26
......
990,000
GHS
56,738
13,574,178
India
5.0%
India
Government
Bond
,
7.59%,
1/11/26
.................
124,600,000
INR
1,546,943
7.27%,
4/08/26
................
1,899,200,000
INR
23,386,416
24,933,359
Indonesia
9.8%
Indonesia
Government
Bond
,
FR44,
10%,
9/15/24
.............
15,790,000,000
IDR
1,119,957
FR46,
9.5%,
7/15/23
............
255,116,000,000
IDR
17,277,123
FR59,
7%,
5/15/27
..............
150,718,000,000
IDR
9,902,898
FR81,
6.5%,
6/15/25
............
14,790,000,000
IDR
963,965
FR86,
5.5%,
4/15/26
............
315,285,000,000
IDR
19,913,216
49,177,159
Malaysia
4.0%
Malaysia
Government
Bond
,
3.882%,
3/14/25
................
11,540,000
MYR
2,494,805
3.955%,
9/15/25
................
25,870,000
MYR
5,590,487
3.899%,
11/16/27
...............
56,630,000
MYR
12,102,663
20,187,955
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
9
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Mongolia
1.0%
e
Mongolia
Government
Bond
,
Senior
Bond,
144A,
4.45%,
7/07/31
.
5,570,000
$
3,899,564
Senior
Note,
144A,
5.125%,
4/07/26
.
200,000
166,974
Senior
Note,
144A,
3.5%,
7/07/27
..
1,380,000
1,028,087
5,094,625
Norway
7.0%
e
Norway
Government
Bond
,
Senior
Bond,
144A,
Reg
S,
2%,
5/24/23
......................
156,261,000
NOK
14,278,963
Senior
Bond,
144A,
Reg
S,
3%,
3/14/24
......................
224,500,000
NOK
20,618,756
34,897,719
South
Korea
4.7%
Korea
Treasury
Bond
,
1.375%,
9/10/24
................
18,210,900,000
KRW
12,014,430
3%,
9/10/24
...................
17,110,000,000
KRW
11,643,461
23,657,891
Sri
Lanka
0.5%
e,g
Sri
Lanka
Government
Bond
,
Senior
Bond,
144A,
6.85%,
11/03/25
2,100,000
565,991
Senior
Bond,
144A,
6.2%,
5/11/27
..
5,300,000
1,353,669
Senior
Bond,
144A,
6.75%,
4/18/28
.
460,000
116,100
Senior
Bond,
144A,
7.85%,
3/14/29
.
659,000
167,960
Senior
Note,
144A,
5.75%,
4/18/23
..
200,000
52,096
Senior
Note,
144A,
6.35%,
6/28/24
..
620,000
159,676
2,415,492
Thailand
4.8%
Thailand
Government
Bond
,
0.75%,
9/17/24
................
525,560,000
THB
13,601,392
1%,
6/17/27
...................
402,200,000
THB
9,879,189
Senior
Note,
0.66%,
11/22/23
......
20,470,000
THB
535,422
24,016,003
United
Kingdom
2.7%
e
United
Kingdom
Gilt,
Reg
S,
0.125%,
1/31/23
......................
12,120,000
GBP
13,405,456
Total
Foreign
Government
and
Agency
Securities
(Cost
$473,828,726)
............
322,231,600
U.S.
Government
and
Agency
Securities
7.3%
United
States
7.3%
U.S.
Treasury
Notes
,
2.625%,
12/31/25
...............
16,863,000
16,048,175
1.625%,
2/15/26
................
9,110,000
8,368,745
2.125%,
5/31/26
................
4,164,000
3,872,113
1.625%,
10/31/26
...............
9,120,000
8,263,219
36,552,252
Total
U.S.
Government
and
Agency
Securities
(Cost
$40,763,043)
.................
36,552,252
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
10
a
a
Industry
Shares
a
Value
a
a
a
a
a
a
Escrows
and
Litigation
Trusts
0.0%
a,b
K2016470219
South
Africa
Ltd.,
Escrow
Account
......................
2,168,033
$
—
Total
Escrows
and
Litigation
Trusts
(Cost
$–)
...................................
—
Total
Long
Term
Investments
(Cost
$563,177,664)
...............................
358,783,852
Short
Term
Investments
28.9%
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
23.0%
Brazil
11.7%
h
Brazil
Letras
do
Tesouro
Nacional
,
7/01/24
......................
91,510,000
BRL
13,919,252
1/01/25
......................
307,150,000
BRL
44,675,530
58,594,782
Japan
9.1%
h
Japan
Treasury
Bills
,
10/03/22
.....................
1,336,700,000
JPY
9,234,861
10/17/22
.....................
1,324,000,000
JPY
9,147,537
11/14/22
.....................
1,455,000,000
JPY
10,053,862
11/21/22
.....................
1,451,000,000
JPY
10,026,530
1/25/23
......................
1,039,000,000
JPY
7,181,714
45,644,504
United
Kingdom
2.2%
h
United
Kingdom
Treasury
Bills
,
10/24/22
.....................
4,484,000
GBP
4,998,531
10/31/22
.....................
902,000
GBP
1,005,043
11/28/22
.....................
258,000
GBP
286,872
12/05/22
.....................
358,000
GBP
397,768
1/03/23
......................
3,790,000
GBP
4,195,656
10,883,870
Total
Foreign
Government
and
Agency
Securities
(Cost
$124,303,965)
............
115,123,156
Shares
Money
Market
Funds
5.9%
United
States
5.9%
i,j
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
2.42%
..........
29,261,700
29,261,700
Total
Money
Market
Funds
(Cost
$29,261,700)
..................................
29,261,700
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$153,565,665
)
...............................
144,384,856
a
a
a
Total
Investments
(Cost
$716,743,329)
100.7%
..................................
$503,168,708
Other
Assets,
less
Liabilities
(0.7)%
...........................................
(3,351,276)
Net
Assets
100.0%
...........................................................
$499,817,432
a
a
a
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
11
At
September
3
0
,
2022,
the
Fund
had
the
following
forward
exchange
contracts
outstanding. 
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
a
Fair
valued
using
significant
unobservable
inputs.
See
Note
5
regarding
fair
value
measurements.
b
Non-income
producing.
c
See
Note
3
regarding
restricted
securities.
d
Income
may
be
received
in
additional
securities
and/or
cash.
e
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
September
30,
2022,
the
aggregate
value
of
these
securities
was
$105,855,924,
representing
21.2%
of
net
assets.
f
Redemption
price
at
maturity
is
adjusted
for
inflation.
g
Defaulted
security
or
security
for
which
income
has
been
deemed
uncollectible.
h
The
security
was
issued
on
a
discount
basis
with
no
stated
coupon
rate.
i
See
Note
4
regarding
investments
in
affiliated
management
investment
companies.
j
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Forward
Exchange
Contracts
Currency
Counter-
party
a
Type
Quantity
Contract
Amount
*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
Chilean
Peso
......
GSCO
Buy
1,881,820,000
2,267,963
10/11/22
$
—
$
(326,076)
Indian
Rupee
......
CITI
Buy
828,586,800
10,721,879
10/11/22
—
(566,670)
Indian
Rupee
......
CITI
Sell
828,586,800
10,353,452
10/11/22
198,244
—
Euro
.............
DBAB
Sell
11,729,562
122,103,913
SEK
10/12/22
—
(495,838)
Euro
.............
HSBK
Sell
31,020,000
31,595,790
10/12/22
1,175,800
—
Indian
Rupee
......
CITI
Buy
270,784,000
3,517,589
10/12/22
—
(199,256)
Indian
Rupee
......
HSBK
Buy
993,892,000
12,468,693
10/12/22
—
(289,006)
Indian
Rupee
......
HSBK
Sell
986,000,000
12,326,695
10/12/22
243,720
—
Swedish
Krona
.....
DBAB
Sell
122,103,913
11,607,049
EUR
10/12/22
375,694
—
Chinese
Yuan
......
HSBK
Buy
23,508,820
3,498,545
10/18/22
—
(204,949)
Euro
.............
JPHQ
Sell
13,513,792
136,956,200
NOK
10/19/22
—
(676,798)
Singapore
Dollar
....
MSCO
Buy
3,270,000
2,400,352
10/21/22
—
(123,136)
Singapore
Dollar
....
MSCO
Sell
3,270,000
2,322,326
10/21/22
45,110
—
Euro
.............
BZWS
Sell
8,627,000
9,450,447
10/25/22
982,504
—
Euro
.............
DBAB
Sell
3,851,100
3,250,000
GBP
10/25/22
—
(149,595)
Euro
.............
DBAB
Sell
11,280,000
12,340,305
10/25/22
1,268,275
—
Chilean
Peso
......
GSCO
Buy
2,970,657,644
3,214,647
10/26/22
—
(156,336)
Chilean
Peso
......
JPHQ
Buy
4,526,493,553
5,461,503
10/26/22
—
(801,451)
Canadian
Dollar
....
HSBK
Sell
2,100,000
1,600,890
EUR
11/03/22
52,115
—
Euro
.............
HSBK
Sell
20,450,833
28,032,161
CAD
11/03/22
206,853
—
Indian
Rupee
......
CITI
Buy
408,835,000
5,235,433
11/10/22
—
(242,160)
Chilean
Peso
......
GSCO
Buy
2,490,030,000
2,729,229
11/14/22
—
(174,640)
Indian
Rupee
......
HSBK
Buy
257,214,374
3,264,805
11/14/22
—
(124,464)
Japanese
Yen
......
BOFA
Buy
1,419,887,050
10,618,518
11/22/22
—
(759,533)
Chilean
Peso
......
GSCO
Buy
5,443,964,441
5,852,152
11/29/22
—
(284,060)
Mexican
Peso
......
MSCO
Buy
70,825,000
3,496,667
12/06/22
—
(21,469)
Mexican
Peso
......
MSCO
Sell
70,825,000
3,489,673
12/06/22
14,474
—
Chinese
Yuan
......
BOFA
Buy
134,698,690
20,166,286
12/08/22
—
(1,275,168)
Chinese
Yuan
......
JPHQ
Buy
66,647,640
9,969,580
12/09/22
—
(622,141)
South
Korean
Won
..
JPHQ
Buy
7,726,500,000
6,131,656
12/14/22
—
(759,846)
Indian
Rupee
......
CITI
Buy
821,108,980
10,375,398
12/15/22
—
(379,981)
Chilean
Peso
......
GSCO
Buy
12,484,811,788
13,441,325
12/21/22
—
(733,896)
Japanese
Yen
......
DBAB
Buy
3,268,454,060
23,081,259
12/21/22
—
(293,232)
South
Korean
Won
..
DBAB
Buy
73,000,000,000
52,497,591
12/21/22
—
(1,713,827)
Chilean
Peso
......
JPHQ
Buy
4,526,506,447
4,933,522
12/27/22
—
(332,541)
Mexican
Peso
......
MSCO
Buy
110,190,000
5,419,269
12/27/22
—
(31,731)
Mexican
Peso
......
MSCO
Sell
110,190,000
5,044,175
12/27/22
—
(343,363)
Chinese
Yuan
......
CITI
Buy
6,291,510
938,709
1/11/23
—
(55,362)
Indian
Rupee
......
HSBK
Buy
789,725,100
9,802,456
1/11/23
—
(215,078)
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
12
At
September
3
0
,
2022,
the
Fund
had
the
following
interest
rate
swap
contracts
outstanding. 
Forward
Exchange
Contracts
(continued)
Currency
Counter-
party
a
Type
Quantity
Contract
Amount*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
(continued)
South
Korean
Won
..
JPHQ
Buy
11,907,000,000
9,140,247
1/18/23
$
—
$
(841,175)
Euro
.............
DBAB
Sell
2,851,014
30,350,750
SEK
1/19/23
—
(64,377)
Swedish
Krona
.....
DBAB
Sell
30,350,750
2,871,753
EUR
1/19/23
84,884
—
Euro
.............
DBAB
Sell
11,335,000
12,491,214
1/25/23
1,278,870
—
South
Korean
Won
..
CITI
Buy
13,227,400,000
10,184,324
1/25/23
—
(961,493)
Euro
.............
HSBK
Sell
65,005,859
86,074,583
CAD
2/03/23
—
(1,961,065)
Euro
.............
JPHQ
Sell
2,326,392
24,300,000
SEK
2/13/23
—
(96,207)
Swedish
Krona
.....
JPHQ
Sell
24,300,000
2,311,688
EUR
2/13/23
81,644
—
Chilean
Peso
......
GSCO
Buy
2,675,860,000
3,168,198
3/07/23
—
(483,904)
Chinese
Yuan
......
BOFA
Buy
58,047,670
8,367,714
3/15/23
—
(198,852)
Japanese
Yen
......
BNDP
Buy
706,082,800
5,039,485
3/15/23
—
(59,442)
Japanese
Yen
......
BOFA
Buy
2,511,042,560
17,928,655
3/15/23
—
(218,123)
Japanese
Yen
......
JPHQ
Buy
741,333,530
5,291,233
3/15/23
—
(62,564)
South
Korean
Won
..
BNDP
Buy
6,599,700,000
4,764,782
3/15/23
—
(151,044)
South
Korean
Won
..
CITI
Buy
22,815,900,000
16,985,595
3/15/23
—
(1,035,387)
Euro
.............
BZWS
Sell
4,048,000
4,496,093
4/25/23
468,616
—
Chilean
Peso
......
GSCO
Buy
4,503,052,836
4,509,362
7/26/23
—
(102,282)
Mexican
Peso
......
MSCO
Buy
22,503,000
1,064,475
8/04/23
—
(8,491)
Mexican
Peso
......
MSCO
Sell
22,503,000
1,018,466
8/04/23
—
(37,518)
Mexican
Peso
......
MSCO
Buy
67,743,000
2,981,957
9/03/24
27,923
(25,241)
Mexican
Peso
......
MSCO
Sell
67,743,000
2,880,046
9/03/24
—
(104,592)
Total
Forward
Exchange
Contracts
...................................................
$6,504,726
$(18,763,360)
Net
unrealized
appreciation
(depreciation)
............................................
$(12,258,634)
*
In
U.S.
dollars
unless
otherwise
indicated.
a
May
be
comprised
of
multiple
contracts
with
the
same
counterparty,
currency
and
settlement
date.
Interest
Rate
Swap
Contracts
Description
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Amount
*
Value
Unamortized
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
aa
aa
aa
aa
Centrally
Cleared
Swap
Contracts
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
1.762%
...
Annual
3/15/27
13,000,000
$
1,074,317
$
—
$
1,074,317
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
1.811%
...
Annual
3/15/32
6,700,000
919,320
—
919,320
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.176%
...
Annual
3/28/32
3,330,000
357,660
—
357,660
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.257%
...
Annual
3/30/32
3,330,000
334,561
—
334,561
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.253%
...
Annual
3/31/32
3,320,000
344,209
—
344,209
Receive
Floating
1-day
SOFR
............
Annual
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
13
See
Abbreviations
on
page
29.
Interest
Rate
Swap
Contracts
(continued)
Description
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Amount*
Value
Unamortized
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
aa
aa
aa
aa
Centrally
Cleared
Swap
Contracts
(continued)
Pay
Fixed
2.418%
...
Annual
4/11/32
4,260,000
$
374,318
$
—
$
374,318
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.463%
...
Annual
4/18/32
1,330,000
112,442
—
112,442
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.541%
...
Annual
4/19/32
710,000
55,376
—
55,376
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.549%
...
Annual
4/19/32
1,750,000
135,305
—
135,305
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.67%
....
Annual
4/21/32
1,720,000
115,638
—
115,638
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.645%
...
Annual
5/16/32
425,000
30,299
—
30,299
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.741%
...
Annual
5/19/32
1,400,000
88,556
—
88,556
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.662%
...
Annual
6/02/32
1,824,000
134,935
—
134,935
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.989%
...
Annual
6/30/32
1,421,000
69,054
—
69,054
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.612%
...
Annual
7/07/32
1,421,000
109,415
—
109,415
Total
Interest
Rate
Swap
Contracts
...............................
$4,255,405
$
—
$4,255,405
*
In
U.S.
dollars
unless
otherwise
indicated.
Templeton
Income
Trust
Schedule
of
Investments
(unaudited),
September
30,
2022
Templeton
International
Bond
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
14
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
61.4%
Argentina
1.7%
a
Argentina
BONCER
,
Index
Linked,
1.4%,
3/25/23
.......
127,113,233
ARS
$
409,357
Index
Linked,
1.5%,
3/25/24
.......
68,886,039
ARS
199,417
608,774
Australia
4.4%
b
Australia
Government
Bond,
Reg
S,
5.5%,
4/21/23
.................
2,450,000
AUD
1,586,721
Brazil
10.4%
Brazil
Notas
do
Tesouro
Nacional
,
10%,
1/01/27
..................
18,260,000
BRL
3,205,237
10%,
1/01/29
..................
2,040,000
BRL
349,995
10%,
1/01/31
..................
940,000
BRL
158,080
3,713,312
Colombia
4.7%
Colombia
Titulos
de
Tesoreria
,
B,
6.25%,
11/26/25
..............
100,000,000
COP
18,483
B,
7.5%,
8/26/26
...............
8,219,000,000
COP
1,526,420
B,
5.75%,
11/03/27
..............
68,000,000
COP
11,149
B,
7.75%,
9/18/30
..............
212,000,000
COP
34,915
B,
7%,
6/30/32
.................
528,000,000
COP
78,778
1,669,745
Ghana
1.8%
Ghana
Government
Bond
,
19%,
9/18/23
..................
50,000
GHS
4,128
19.25%,
11/27/23
...............
280,000
GHS
22,437
19.25%,
6/23/25
................
3,560,000
GHS
226,277
Senior
Note,
20.75%,
1/16/23
......
50,000
GHS
4,628
Senior
Note,
21.7%,
3/17/25
......
2,980,000
GHS
207,066
Senior
Note,
18.3%,
3/02/26
......
3,230,000
GHS
185,116
649,652
India
4.6%
India
Government
Bond
,
8.2%,
9/24/25
.................
99,900,000
INR
1,256,041
7.27%,
4/08/26
................
33,000,000
INR
406,356
1,662,397
Indonesia
8.7%
Indonesia
Government
Bond
,
FR81,
6.5%,
6/15/25
............
14,200,000,000
IDR
925,511
FR86,
5.5%,
4/15/26
............
34,800,000,000
IDR
2,197,948
3,123,459
Singapore
0.8%
Singapore
Government
Bond,
2.375%,
6/01/25
......................
437,000
SGD
296,050
South
Korea
19.4%
Korea
Treasury
Bond,
1.875%,
6/10/26
10,917,220,000
KRW
6,965,704
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
International
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
15
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Thailand
3.0%
Thailand
Government
Bond
,
0.75%,
9/17/24
................
19,320,000
THB
$
499,998
1%,
6/17/27
...................
14,770,000
THB
362,794
Senior
Note,
0.66%,
11/22/23
......
8,470,000
THB
221,545
1,084,337
United
Kingdom
1.9%
b
United
Kingdom
Gilt,
Reg
S,
0.125%,
1/31/23
......................
609,000
GBP
673,591
Total
Foreign
Government
and
Agency
Securities
(Cost
$28,549,167)
..............
22,033,742
Short
Term
Investments
39.1%
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
13.7%
Japan
11.0%
c
Japan
Treasury
Bills
,
10/03/22
.....................
89,400,000
JPY
617,638
10/17/22
.....................
89,000,000
JPY
614,902
11/14/22
.....................
162,000,000
JPY
1,119,399
11/21/22
.....................
162,000,000
JPY
1,119,433
1/25/23
......................
70,000,000
JPY
483,850
3,955,222
United
Kingdom
2.7%
c
United
Kingdom
Treasury
Bills
,
10/24/22
.....................
356,000
GBP
396,850
10/31/22
.....................
41,000
GBP
45,684
11/28/22
.....................
103,000
GBP
114,527
12/05/22
.....................
106,000
GBP
117,775
1/03/23
......................
200,000
GBP
221,406
3/20/23
......................
70,000
GBP
76,830
973,072
Total
Foreign
Government
and
Agency
Securities
(Cost
$5,239,494)
...............
4,928,294
Shares
Money
Market
Funds
25.4%
United
States
25.4%
d,e
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
2.42%
..........
9,101,559
9,101,559
Total
Money
Market
Funds
(Cost
$9,101,559)
...................................
9,101,559
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$14,341,053
)
................................
14,029,853
a
a
a
Total
Investments
(Cost
$42,890,220)
100.5%
...................................
$36,063,595
Other
Assets,
less
Liabilities
(0.5)%
...........................................
(193,085)
Net
Assets
100.0%
...........................................................
$35,870,510
a
a
a
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
International
Bond
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
16
At
September
3
0
,
2022,
the
Fund
had
the
following
forward
exchange
contracts
outstanding. 
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
a
Redemption
price
at
maturity
is
adjusted
for
inflation.
b
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
September
30,
2022,
the
aggregate
value
of
these
securities
was
$2,260,312,
representing
6.3%
of
net
assets.
c
The
security
was
issued
on
a
discount
basis
with
no
stated
coupon
rate.
d
See
Note
4
regarding
investments
in
affiliated
management
investment
companies.
e
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Forward
Exchange
Contracts
Currency
Counter-
party
a
Type
Quantity
Contract
Amount
*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
Chilean
Peso
......
GSCO
Buy
182,060,000
219,418
10/11/22
$
—
$
(31,547)
Indian
Rupee
......
CITI
Buy
23,960,600
310,049
10/11/22
—
(16,387)
Indian
Rupee
......
CITI
Sell
23,960,600
302,656
10/11/22
8,994
—
Indian
Rupee
......
JPHQ
Buy
58,526,500
760,727
10/11/22
—
(43,422)
Indian
Rupee
......
JPHQ
Sell
18,000,000
225,007
10/11/22
4,398
—
Euro
.............
DBAB
Sell
1,521,453
15,880,400
SEK
10/12/22
—
(60,513)
Indian
Rupee
......
CITI
Buy
52,990,400
688,366
10/12/22
—
(38,993)
Swedish
Krona
.....
DBAB
Sell
15,880,400
1,517,622
EUR
10/12/22
56,757
—
Chinese
Yuan
......
HSBK
Buy
20,781,470
3,092,665
10/18/22
—
(181,172)
Chinese
Yuan
......
HSBK
Sell
5,800,000
853,261
10/18/22
40,679
—
Euro
.............
JPHQ
Sell
1,247,219
12,640,000
NOK
10/19/22
—
(62,463)
Euro
.............
BZWS
Sell
433,000
474,330
10/25/22
49,313
—
Euro
.............
DBAB
Sell
567,000
620,294
10/25/22
63,748
—
Chilean
Peso
......
GSCO
Buy
285,974,148
309,478
10/26/22
—
(15,066)
Chilean
Peso
......
JPHQ
Buy
182,999,365
220,800
10/26/22
—
(32,401)
Japanese
Yen
......
BOFA
Buy
95,569,950
714,713
11/22/22
—
(51,123)
Chilean
Peso
......
GSCO
Buy
128,764,708
138,419
11/29/22
—
(6,719)
Chilean
Peso
......
GSCO
Buy
128,907,747
137,852
12/21/22
—
(6,646)
Japanese
Yen
......
DBAB
Buy
219,993,550
1,553,556
12/21/22
—
(19,737)
New
Zealand
Dollar
.
CITI
Buy
1,670,000
1,004,730
12/21/22
—
(69,678)
Singapore
Dollar
....
CITI
Buy
2,100,000
1,496,339
12/21/22
—
(32,494)
Chinese
Yuan
......
CITI
Buy
1,423,140
212,336
1/11/23
—
(12,523)
Euro
.............
DBAB
Sell
1,545,711
16,419,498
SEK
1/19/23
—
(38,126)
Swedish
Krona
.....
DBAB
Sell
16,419,498
1,553,594
EUR
1/19/23
45,921
—
Euro
.............
DBAB
Sell
570,000
628,139
1/25/23
64,307
—
South
Korean
Won
..
CITI
Buy
110,000,000
84,382
1/25/23
—
(7,684)
Euro
.............
HSBK
Sell
335,949
444,832
CAD
2/03/23
—
(10,135)
Australian
Dollar
....
CITI
Sell
2,487,000
1,688,647
3/15/23
92,428
—
Euro
.............
BOFA
Sell
2,168,217
2,921,000
CAD
3/15/23
—
(33,839)
Euro
.............
CITI
Sell
1,375,855
14,183,000
NOK
3/15/23
—
(56,579)
Euro
.............
DBAB
Sell
549,839
5,551,500
NOK
3/15/23
—
(33,363)
Japanese
Yen
......
BNDP
Buy
47,525,120
339,198
3/15/23
—
(4,001)
Japanese
Yen
......
BOFA
Buy
169,013,600
1,206,744
3/15/23
—
(14,681)
Japanese
Yen
......
JPHQ
Buy
49,897,780
356,143
3/15/23
—
(4,211)
South
Korean
Won
..
HSBK
Buy
976,000,000
705,865
3/23/23
—
(23,268)
Euro
.............
BZWS
Sell
203,000
225,471
4/25/23
23,500
—
Chilean
Peso
......
GSCO
Buy
434,247,469
434,858
7/26/23
—
(9,866)
Total
Forward
Exchange
Contracts
...................................................
$450,045
$(916,637)
Net
unrealized
appreciation
(depreciation)
............................................
$(466,592)
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
International
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
17
See
Abbreviati
ons
on
page
29
.
*
In
U.S.
dollars
unless
otherwise
indicated.
a
May
be
comprised
of
multiple
contracts
with
the
same
counterparty,
currency
and
settlement
date.
Templeton
Income
Trust
Schedule
of
Investments
(unaudited),
September
30,
2022
Templeton
Sustainable
Emerging
Markets
Bond
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
18
a
a
Industry
Shares
a
Value
a
Common
Stocks
0.0%
South
Africa
0.0%
a,b,c
K2016470219
South
Africa
Ltd.,
A
....
Multiline
Retail
2,171,539
$
—
a,b,c
K2016470219
South
Africa
Ltd.,
B
....
Multiline
Retail
619,903
—
—
Total
Common
Stocks
(Cost
$14,998)
..........................................
—
Principal
Amount
*
a
a
a
a
a
Corporate
Bonds
3.4%
Costa
Rica
3.4%
a,c
Reventazon
Finance
Trust
,
Senior
Secured
Bond
,
144A,
8
%
,
11/15/33
.
Diversified
Financial
Services
490,680
464,824
South
Africa
0.0%
a,d,e
K2016470219
South
Africa
Ltd.
,
Senior
Secured
Note,
144A,
PIK,
3%,
12/31/22
.....................
Multiline
Retail
188,190
—
Senior
Secured
Note,
144A,
PIK,
8%,
12/31/22
.....................
Multiline
Retail
55,416
EUR
—
a,d,e
K2016470260
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
25
%
,
12/31/22
.....................
Multiline
Retail
237,804
—
—
Total
Corporate
Bonds
(Cost
$791,715)
........................................
464,824
a
a
Industry
Principal
Amount
*
a
Value
Foreign
Government
and
Agency
Securities
82.4%
Brazil
2.0%
Brazil
Notas
do
Tesouro
Nacional
,
10%,
1/01/25
..................
590,000
BRL
105,959
10%,
1/01/27
..................
270,000
BRL
47,394
10%,
1/01/29
..................
280,000
BRL
48,039
10%,
1/01/31
..................
430,000
BRL
72,313
273,705
Chile
6.4%
Chile
Bonos
Tesoreria
Pesos
,
e
144A,
Reg
S,
4.7%,
9/01/30
.......
630,000,000
CLP
561,424
2.5%,
3/01/25
.................
335,000,000
CLP
303,575
864,999
Colombia
9.5%
Colombia
Government
Bond,
Senior
Bond,
9.85%,
6/28/27
............
13,000,000
COP
2,516
Colombia
Titulos
de
Tesoreria
,
B,
10%,
7/24/24
................
3,219,000,000
COP
679,558
B,
6.25%,
11/26/25
..............
50,000,000
COP
9,241
B,
7.5%,
8/26/26
...............
1,682,800,000
COP
312,527
B,
6%,
4/28/28
.................
428,400,000
COP
69,407
B,
7.75%,
9/18/30
..............
1,267,800,000
COP
208,800
B,
7%,
6/30/32
.................
107,000,000
COP
15,964
1,298,013
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Sustainable
Emerging
Markets
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
19
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Czech
Republic
3.0%
e
Czech
Republic
Government
Bond,
Reg
S,
1%,
6/26/26
.................
12,000,000
CZK
$
408,184
Dominican
Republic
2.2%
e
Dominican
Republic
Government
Bond,
Senior
Bond,
144A,
5.875%,
1/30/60
441,000
292,718
Ecuador
4.6%
e
Ecuador
Government
Bond
,
Senior
Bond,
144A,
1%,
7/31/35
....
1,199,500
397,757
Senior
Bond,
144A,
0.5%,
7/31/40
..
534,000
157,530
Senior
Note,
144A,
5%,
7/31/30
....
146,000
69,834
625,121
Egypt
2.2%
e
Egypt
Government
Bond,
Senior
Note,
144A,
5.25%,
10/06/25
...........
390,000
304,770
Ghana
3.4%
Ghana
Government
Bond
,
17.6%,
11/28/22
................
150,000
GHS
14,121
16.5%,
2/06/23
................
1,060,000
GHS
96,053
18.85%,
9/28/23
................
1,363,000
GHS
111,939
19.25%,
11/27/23
...............
260,000
GHS
20,834
19.25%,
12/18/23
...............
243,000
GHS
19,288
19.75%,
3/25/24
................
270,000
GHS
20,725
Senior
Note,
18.5%,
1/02/23
......
50,000
GHS
4,633
Senior
Note,
20.75%,
1/16/23
......
50,000
GHS
4,628
Senior
Note,
17.6%,
2/20/23
......
1,560,000
GHS
140,891
Senior
Note,
17.25%,
7/31/23
......
70,000
GHS
5,824
Senior
Note,
17.7%,
3/18/24
......
170,000
GHS
12,736
Senior
Note,
18.3%,
3/02/26
......
100,000
GHS
5,731
457,403
Indonesia
10.9%
Indonesia
Government
Bond
,
FR70,
8.375%,
3/15/24
..........
354,000,000
IDR
23,948
FR77,
8.125%,
5/15/24
..........
7,528,000,000
IDR
508,671
FR81,
6.5%,
6/15/25
............
1,569,000,000
IDR
102,262
FR86,
5.5%,
4/15/26
............
13,560,000,000
IDR
856,443
1,491,324
Oman
4.0%
e
Oman
Government
Bond,
Senior
Bond,
144A,
4.75%,
6/15/26
............
590,000
551,275
Peru
3.7%
Peru
Bonos
de
la
Tesoreria,
5.2%,
9/12/23
......................
2,050,000
PEN
506,603
Singapore
4.7%
Singapore
Government
Bond,
3%,
9/01/24
......................
917,000
SGD
633,536
South
Korea
4.6%
Korea
Monetary
Stabilization
Bond,
Senior
Note,
0.905%,
4/02/23
......
467,000,000
KRW
320,230
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Sustainable
Emerging
Markets
Bond
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
20
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
South
Korea
(continued)
Korea
Treasury
Bond
,
0.875%,
12/10/23
...............
370,000,000
KRW
$
248,170
1.875%,
6/10/26
................
96,500,000
KRW
61,572
629,972
Supranational
13.0%
f
Asian
Development
Bank,
Senior
Note,
3%,
3/22/24
...................
5,000,000
CNY
704,367
f
European
Bank
for
Reconstruction
&
Development,
Senior
Note,
4.95%,
1/22/26
......................
57,400,000
INR
640,538
f
International
Bank
for
Reconstruction
&
Development,
Senior
Note,
3.05%,
3/16/24
......................
3,000,000
CNY
421,058
1,765,963
Thailand
4.6%
Thailand
Government
Bond
,
2%,
12/17/22
..................
1,080,000
THB
28,580
0.92%,
3/23/23
................
60,000
THB
1,583
0.51%,
5/24/23
................
100,000
THB
2,629
0.75%,
9/17/24
................
250,000
THB
6,470
1%,
6/17/27
...................
250,000
THB
6,141
Senior
Note,
0.66%,
11/22/23
......
22,470,000
THB
587,735
633,138
Uruguay
3.6%
Uruguay
Government
Bond,
Senior
Bond,
8.25%,
5/21/31
............
24,200,000
UYU
485,687
Total
Foreign
Government
and
Agency
Securities
(Cost
$14,328,592)
..............
11,222,411
Shares
Escrows
and
Litigation
Trusts
0.0%
a,b
K2016470219
South
Africa
Ltd.,
Escrow
Account
......................
12,498
—
Total
Escrows
and
Litigation
Trusts
(Cost
$–)
...................................
—
Total
Long
Term
Investments
(Cost
$15,135,305)
................................
11,687,235
Short
Term
Investments
16.0%
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
3.5%
Brazil
3.5%
g
Brazil
Letras
do
Tesouro
Nacional
,
1/01/24
......................
150,000
BRL
23,944
7/01/24
......................
2,070,000
BRL
314,860
1/01/25
......................
960,000
BRL
139,634
478,438
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Sustainable
Emerging
Markets
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
21
At
September
30,
2022,
the
Fund
had
the
following
forward
exchange
contracts
outstanding.
Short
Term
Investments
(continued)
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Thailand
0.0%
†
g
Thailand
Treasury
Bills
,
12/08/22
.....
250,000
THB
$
6,596
Total
Foreign
Government
and
Agency
Securities
(Cost
$523,389)
................
485,034
Shares
Money
Market
Funds
12.5%
United
States
12.5%
h,i
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
2.42%
..........
1,700,239
1,700,239
Total
Money
Market
Funds
(Cost
$1,700,239)
...................................
1,700,239
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$2,223,628
)
.................................
2,185,273
a
a
a
Total
Investments
(Cost
$17,358,933)
101.8%
...................................
$13,872,508
Other
Assets,
less
Liabilities
(1.8)%
...........................................
(251,366)
Net
Assets
100.0%
...........................................................
$13,621,142
a
a
a
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
Fair
valued
using
significant
unobservable
inputs.
See
Note
5
regarding
fair
value
measurements.
b
Non-income
producing.
c
See
Note
3
regarding
restricted
securities.
d
Income
may
be
received
in
additional
securities
and/or
cash.
e
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
September
30,
2022,
the
aggregate
value
of
these
securities
was
$2,743,492,
representing
20.1%
of
net
assets.
f
A
supranational
organization
is
an
entity
formed
by
two
or
more
central
governments
through
international
treaties.
g
The
security
was
issued
on
a
discount
basis
with
no
stated
coupon
rate.
h
See
Note
4
regarding
investments
in
affiliated
management
investment
companies.
i
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Forward
Exchange
Contracts
Currency
Counter-
party
a
Type
Quantity
Contract
Amount
*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
Chilean
Peso
......
GSCO
Buy
54,330,000
65,478
10/11/22
$
—
$
(9,414)
Chilean
Peso
......
GSCO
Sell
54,330,000
56,200
10/11/22
136
—
Indian
Rupee
......
JPHQ
Buy
12,453,500
161,870
10/11/22
—
(9,240)
Indian
Rupee
......
CITI
Buy
12,814,700
166,468
10/12/22
—
(9,430)
Indian
Rupee
......
HSBK
Buy
19,973,000
250,568
10/12/22
—
(5,808)
Chilean
Peso
......
GSCO
Buy
150,666,301
162,311
10/26/22
—
(7,199)
Chilean
Peso
......
GSCO
Sell
150,666,301
155,326
10/26/22
214
—
Columbian
Peso
....
MSCO
Buy
4,126,000,000
928,735
11/01/22
—
(38,778)
Euro
.............
JPHQ
Sell
435,000
446,745
11/03/22
19,492
—
Indian
Rupee
......
CITI
Buy
7,952,700
101,840
11/10/22
—
(4,710)
Chilean
Peso
......
GSCO
Buy
6,420,000
7,037
11/14/22
—
(450)
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Sustainable
Emerging
Markets
Bond
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
22
At
September
30,
2022,
the
Fund
had
the
following
interest
rate
swap
contracts
outstanding.
*
In
U.S.
dollars
unless
otherwise
indicated.
See
Abbreviations
on
page
29
.
Forward
Exchange
Contracts
(continued)
Currency
Counter-
party
a
Type
Quantity
Contract
Amount*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
(continued)
Chilean
Peso
......
GSCO
Sell
6,420,000
6,596
11/14/22
$
10
$
—
Chilean
Peso
......
JPHQ
Buy
19,130,000
20,401
11/22/22
—
(807)
Chilean
Peso
......
JPHQ
Sell
19,130,000
19,594
11/22/22
—
—
Chilean
Peso
......
GSCO
Buy
181,899,056
195,538
11/29/22
—
(9,491)
Chilean
Peso
......
GSCO
Sell
27,150,000
27,801
11/29/22
31
—
Chilean
Peso
......
GSCO
Buy
403,296,259
434,117
12/21/22
—
(23,629)
Indian
Rupee
......
JPHQ
Buy
60,811,100
759,607
12/21/22
—
(19,811)
Japanese
Yen
......
DBAB
Buy
101,100,000
704,021
12/21/22
860
—
Indian
Rupee
......
HSBK
Buy
12,826,900
159,214
1/11/23
—
(3,493)
Columbian
Peso
....
GSCO
Buy
370,000,000
82,920
2/23/23
—
(4,789)
Chilean
Peso
......
GSCO
Buy
6,900,000
8,169
3/07/23
—
(1,248)
Brazilian
Real
......
MSCO
Buy
3,700,000
676,071
5/04/23
—
(20,299)
Chilean
Peso
......
GSCO
Buy
194,152,806
194,335
7/26/23
—
(4,320)
Total
Forward
Exchange
Contracts
...................................................
$20,743
$(172,916)
Net
unrealized
appreciation
(depreciation)
............................................
$(152,173)
*
In
U.S.
dollars
unless
otherwise
indicated.
a
May
be
comprised
of
multiple
contracts
with
the
same
counterparty,
currency
and
settlement
date.
Interest
Rate
Swap
Contracts
Description
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Amount
*
Value
Unamortized
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
aa
aa
aa
aa
Centrally
Cleared
Swap
Contracts
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.989%
...
Annual
6/30/32
282,000
$
13,704
$
—
$
13,704
Receive
Floating
1-day
SOFR
............
Annual
Pay
Fixed
2.612%
...
Annual
7/07/32
283,000
21,790
—
21,790
Total
Interest
Rate
Swap
Contracts
...............................
$35,494
$
—
$35,494
Templeton
Income
Trust
23
Quarterly
Schedule
of
Investments
Notes
to
Schedules
of
Investments
(unaudited)
1.
Organization
Templeton
Income
Trust (Trust)
is
registered
under
the
Investment
Company
Act
of
1940
(1940
Act)
as
an
open-end
management
investment
company,
consisting
of four
separate
funds
(Funds)
and
applies
the
specialized
accounting
and
reporting
guidance
in
U.S.
Generally
Accepted
Accounting
Principles
(U.S.
GAAP). 
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
each
business
day
as
of
4
p.m.
Eastern
time
or
the
regularly
scheduled
close
of
the
New
York
Stock
Exchange
(NYSE),
whichever
is
earlier.
Under
compliance
policies
and
procedures
approved
by
the
Trust’s
Board
of
Trustees
(the
Board),
the
Board
has
designated
the
Funds’
investment
manager
as
the
valuation
designee
and
has
responsibility
for
oversight
of
valuation.
The
investment
manager
is
assisted
by
the
Funds'
administrator
in
performing
this
responsibility,
including
leading
the
cross-functional
Valuation
Committee
(VC).
The
Funds
may
utilize
independent
pricing
services,
quotations
from
securities
and
financial
instrument
dealers,
and
other
market
sources
to
determine
fair
value. 
Equity
securities
listed
on
an
exchange
or
on
the
NASDAQ
National
Market
System
are
valued
at
the
last
quoted
sale
price
or
the
official
closing
price
of
the
day,
respectively.
Foreign
equity
securities
are
valued
as
of
the
close
of
trading
on
the
foreign
stock
exchange
on
which
the
security
is
primarily
traded
or
as
of
4
p.m.
Eastern
time.
The
value
is
then
converted
into
its
U.S.
dollar
equivalent
at
the
foreign
exchange
rate
in
effect
at
4
p.m. Eastern
time
on
the
day
that
the
value
of
the
security
is
determined.
Over-the-counter
(OTC)
securities
are
valued
within
the
range
of
the
most
recent
quoted
bid
and
ask
prices.
Securities
that
trade
in
multiple
markets
or
on
multiple
exchanges
are
valued
according
to
the
broadest
and
most
representative
market.
Certain
equity
securities
are
valued
based
upon
fundamental
characteristics
or
relationships
to
similar
securities. 
Debt
securities
generally
trade
in
the
OTC
market
rather
than
on
a
securities
exchange.
The
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
4
p.m.
Eastern
time
on
the
date
that
the
values
of
the
foreign
debt
securities
are
determined.
Investments
in
open-end
mutual
funds
are
valued
at
the
closing
NAV.
Certain
derivative
financial
instruments
are
centrally
cleared
or
trade
in
the
OTC
market.
The
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
Funds
primarily employ
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. 
Templeton
Income
Trust
Notes
to
Schedules
of
Investments
(unaudited)
24
Quarterly
Schedule
of
Investments
Trading
in
securities
on
foreign
securities
stock
exchanges
and
OTC
markets
may
be
completed
before
4
p.m.
Eastern
time.
In
addition,
trading
in
certain
foreign
markets
may
not
take
place
on
every
Funds’ business
day.
Events
can
occur
between
the
time
at
which
trading
in
a
foreign
security
is
completed
and
4
p.m.
Eastern
time
that
might
call
into
question
the
reliability
of
the
value
of
a
portfolio
security
held
by
the
Fund.
As
a
result,
differences
may
arise
between
the
value
of
the
Funds’
portfolio
securities
as
determined
at
the
foreign
market
close
and
the
latest
indications
of
value
at
4
p.m.
Eastern
time.
In
order
to
minimize
the
potential
for
these
differences,
an
independent
pricing
service
may
be
used
to
adjust
the
value
of
the
Funds'
portfolio
securities
to
the
latest
indications
of
fair
value
at 4
p.m.
Eastern
time.
When
the
last
day
of
the
reporting
period
is
a
non-business
day,
certain
foreign
markets
may
be
open
on
those
days
that
the
Funds’
NAV
is
not
calculated,
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
security
valuation
changes
due
to
an
open
foreign
market
are
adjusted
and
reflected
by
the
Funds for
financial
reporting
purposes.
3.
Restricted
Securities
At
September
30,
2022,
investments
in
restricted
securities,
excluding
securities
exempt
from
registration
under
the
Securities
Act
of
1933,
were
as
follows:
4.
Investments
in
Affiliated
Management
Investment
Companies 
Certain
or
all
Funds
invest
in
one
or
more
affiliated
management
investment
companies.
As
defined
in
the
1940
Act,
an
investment
is
deemed
to
be
a
“Controlled
Affiliate”
of
a
fund
when
a
fund
owns,
either
directly
or
indirectly,
25%
or
more
of
the
affiliated
fund’s
outstanding
shares
or
has
the
power
to
exercise
control
over
management
or
policies
of
such
fund.
The
Funds
do
not
invest
for
purposes
of
exercising
a
controlling
influence
over
the
management
or
policies.
During
the
period
ended
September
30,
2022,
investments
in
affiliated
management
investment
companies
were
as
follows: 
Shares
Issuer
Acquisition
Date
Cost
Value
Templeton
Global
Total
Return
Fund
434,200,485
a
K2016470219
South
Africa
Ltd.,
A
...............
2/22/11
-
2/01/17
$
1,608,225
$
—
50,014,925
a
K2016470219
South
Africa
Ltd.,
B
...............
2/01/17
37,134
—
Total
Restricted
Securities
(Value
is
—%
of
Net
Assets)
..............
$1,645,359
$—
Principal
Amount
*
/
Shares
Issuer
Acquisition
Date
Cost
Value
Templeton
Sustainable
Emerging
Markets
Bond
Fund
2,171,539
a
K2016470219
South
Africa
Ltd.,
A
...............
5/16/13
-
2/01/17
$
14,538
$
—
619,903
a
K2016470219
South
Africa
Ltd.,
B
...............
2/01/17
460
—
490,680
Reventazon
Finance
Trust,
Senior
Secured
Bond,
144A,
8%,
11/15/33
..............................
12/18/13
490,680
464,824
Total
Restricted
Securities
(Value
is
3.4%
of
Net
Assets)
..............
$505,678
$464,824
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
a
The
Fund
also
invests
in
unrestricted
securities
of
the
issuer,
valued
at
$0
as
of
September
30,
2022.
2. Financial
Instrument
Valuation
(continued)
Templeton
Income
Trust
Notes
to
Schedules
of
Investments
(unaudited)
25
Quarterly
Schedule
of
Investments
5. 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)
    aa
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares
Held
at
End
of
Period
Investment
Income
a      
a  
a  
a  
a  
a  
a  
a  
Templeton
Global
Bond
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
2.42%
.
$
509,242,008
$
2,633,247,855
$
(2,398,043,810)
$
—
$
—
$
744,446,053
744,446,053
$
1,680,867
Total
Affiliated
Securities
...
$509,242,008
$2,633,247,855
$(2,398,043,810)
$—
$—
$744,446,053
$1,680,867
Templeton
Global
Total
Return
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
2.42%
.
$
21,628,901
$
461,656,840
$
(454,024,041)
$
—
$
—
$
29,261,700
29,261,700
$
170,403
Total
Affiliated
Securities
...
$21,628,901
$461,656,840
$(454,024,041)
$—
$—
$29,261,700
$170,403
Templeton
International
Bond
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
2.42%
.
$
14,191,046
$
16,726,467
$
(21,815,954)
$
—
$
—
$
9,101,559
9,101,559
$
54,481
Total
Affiliated
Securities
...
$14,191,046
$16,726,467
$(21,815,954)
$—
$—
$9,101,559
$54,481
Templeton
Sustainable
Emerging
Markets
Bond
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
2.42%
.
$
1,351,150
$
9,664,708
$
(9,315,619)
$
—
$
—
$
1,700,239
1,700,239
$
3,828
Total
Affiliated
Securities
...
$1,351,150
$9,664,708
$(9,315,619)
$—
$—
$1,700,239
$3,828
4.
Investments
in
Affiliated
Management
Investment
Companies 
(continued)
Templeton
Income
Trust
Notes
to
Schedules
of
Investments
(unaudited)
26
Quarterly
Schedule
of
Investments
The
input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level. 
A
summary
of
inputs
used
as
of
September
30,
2022,
in
valuing
the
Funds’
assets
and
liabilities carried
at
fair
value,
is
as
follows:  
Level
1
Level
2
Level
3
Total
Templeton
Global
Bond
Fund
Assets:
Investments
in
Securities:
Foreign
Government
and
Agency
Securities
....
$
—
$
2,461,193,734
$
—
$
2,461,193,734
U.S.
Government
and
Agency
Securities
.......
—
944,603,113
—
944,603,113
Short
Term
Investments
...................
744,446,053
1,635,614,063
—
2,380,060,116
Total
Investments
in
Securities
...........
$744,446,053
$5,041,410,910
$—
$5,785,856,963
Other
Financial
Instruments:
Forward
exchange
contracts
...............
$
—
$
71,519,996
$
—
$
71,519,996
Restricted
Currency
(ARS)
.................
—
628,095
—
628,095
Total
Other
Financial
Instruments
.........
$—
$72,148,091
$—
$72,148,091
Receivables:
Interest
(ARS)
...........................
$—
$1,454,590
$—
$1,454,590
Investment
Securities
Sold
(ARS)
............
—
4,149,375
—
4,149,375
Total
Receivables
$—
$5,603,965
$—
$5,603,965
Liabilities:
Other
Financial
Instruments:
Forward
exchange
contracts
................
$
—
$
160,164,448
$
—
$
160,164,448
..............................................................
Total
Other
Financial
Instruments
.........
$—
$160,164,448
$—
$160,164,448
Templeton
Global
Total
Return
Fund
Assets:
Investments
in
Securities:
Common
Stocks
........................
$
—
$
—
$
—
a
$
—
Corporate
Bonds
........................
—
—
—
a
—
Foreign
Government
and
Agency
Securities
....
—
322,231,600
—
322,231,600
U.S.
Government
and
Agency
Securities
.......
—
36,552,252
—
36,552,252
Escrows
and
Litigation
Trusts
...............
—
—
—
a
—
Short
Term
Investments
...................
29,261,700
115,123,156
—
144,384,856
Total
Investments
in
Securities
...........
$29,261,700
$473,907,008
$—
$503,168,708
Other
Financial
Instruments:
Forward
exchange
contracts
...............
$
—
$
6,504,726
$
—
$
6,504,726
Restricted
Currency
(ARS)
.................
—
77,325
—
77,325
Swap
contracts
.........................
—
4,255,405
—
4,255,405
Total
Other
Financial
Instruments
.........
$—
$10,837,456
$—
$10,837,456
Receivables:
Interest
(ARS)
...........................
$—
$106,029
$—
$106,029
Investment
Securities
Sold
(ARS)
............
—
443,298
—
443,298
Total
Receivables
$—
$549,327
$—
$549,327
Liabilities:
Other
Financial
Instruments:
Forward
exchange
contracts
................
$
—
$
18,763,360
$
—
$
18,763,360
..............................................................
Total
Other
Financial
Instruments
.........
$—
$18,763,360
$—
$18,763,360
5. Fair
Value
Measurements 
(continued)
Templeton
Income
Trust
Notes
to
Schedules
of
Investments
(unaudited)
27
Quarterly
Schedule
of
Investments
Level
1
Level
2
Level
3
Total
Templeton
International
Bond
Fund
Assets:
Investments
in
Securities:
Foreign
Government
and
Agency
Securities
....
$
—
$
22,033,742
$
—
$
22,033,742
Short
Term
Investments
...................
9,101,559
4,928,294
—
14,029,853
Total
Investments
in
Securities
...........
$9,101,559
$26,962,036
$—
$36,063,595
Other
Financial
Instruments:
Forward
exchange
contracts
...............
$
—
$
450,045
$
—
$
450,045
Restricted
Currency
(ARS)
.................
—
5,173
—
5,173
Total
Other
Financial
Instruments
.........
$—
$455,218
$—
$455,218
Receivables:
Interest
(ARS)
...........................
$—
$516
$—
$516
Investment
Securities
Sold
(ARS)
............
—
106,695
—
106,695
Total
Receivables
$—
$107,211
$—
$107,211
Liabilities:
Other
Financial
Instruments:
Forward
exchange
contracts
................
$
—
$
916,637
$
—
$
916,637
..............................................................
Total
Other
Financial
Instruments
.........
$—
$916,637
$—
$916,637
Templeton
Sustainable
Emerging
Markets
Bond
Fund
Assets:
Investments
in
Securities:
Common
Stocks
........................
$
—
$
—
$
—
a
$
—
Corporate
Bonds
........................
—
—
464,824
464,824
Foreign
Government
and
Agency
Securities
....
—
11,222,411
—
11,222,411
Escrows
and
Litigation
Trusts
...............
—
—
—
a
—
Short
Term
Investments
...................
1,700,239
485,034
—
2,185,273
Total
Investments
in
Securities
...........
$1,700,239
$11,707,445
$464,824
$13,872,508
Other
Financial
Instruments:
Forward
exchange
contracts
...............
$
—
$
20,743
$
—
$
20,743
Swap
contracts
.........................
—
35,494
—
35,494
Total
Other
Financial
Instruments
.........
$—
$56,237
$—
$56,237
Liabilities:
Other
Financial
Instruments:
Forward
exchange
contracts
................
$
—
$
172,916
$
—
$
172,916
..............................................................
Total
Other
Financial
Instruments
.........
$—
$172,916
$—
$172,916
a
Includes
securities
determined
to
have
no
value
at
September
30,
2022.
5. Fair
Value
Measurements 
(continued)
Templeton
Income
Trust
Notes
to
Schedules
of
Investments
(unaudited)
28
Quarterly
Schedule
of
Investments
A
reconciliation
in
which
Level
3
inputs
are
used
in
determining
fair
value
is
presented
when
there
are
significant
Level
3
assets
and/or
liabilities
at
the
beginning
and/or
end
of
the
period.
At September
30,
2022,
the
reconciliation
is
as
follows:
Significant
unobservable
valuation
inputs
for
material
Level
3
assets
and/or
liabilities
and
impact
to
fair
value
as
a
result
of
changes
in
unobservable
valuation
inputs
as
of
September
30,
2022,
are
as
follows:
Balance
at
Beginning
of
Period
Purchases
Sales
a
Transfer
Into
Level
3
Transfer
Out
of
Level
3
Net
Accretion
(Amortiza-
tion)
Net
Realized
Gain
(Loss)
Net
Unr
ealized
Appreciation
(Depreciation)
Balance
at
End
of
Period
Net
Change
in
Unrealized
Appreciation
(Depreciation)
on
Assets
Held
at
Period
End
a
a
a
a
a
a
a
a
a
a
a
Templeton
Sustainable
Emerging
Markets
Bond
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
South
Africa
..
$
—
b
$
—
$
—
$
—
$
—
$
—
$
—
$
—
$
—
b
$
—
Corporate
Bonds
:
Costa
Rica
...
539,971
—
(12,240)
—
—
—
—
(62,907)
464,824
(62,005)
South
Africa
..
—
b
—
—
—
—
—
—
—
—
b
—
Escrows
and
Litigation
Trusts
..
—
b
—
—
—
—
—
—
—
—
b
—
Total
Investments
in
Securities
.........
$539,971
$—
$(12,240)
$—
$—
$—
$—
$(62,907)
$464,824
$(62,005)
a
Sales
include
all
sales
of
securities,
maturities,
paydowns
and
securities
tendered
in
corporate
actions.
b
Includes
financial
instruments
determined
to
have
no
value.
Description
Fair
Value
at
End
of
Period
Valuation
Technique
Unobservable
Inputs
Amount/
Range
(Weight
Average)
Impact
to
Fair
Value
if
Input
Increases
a
Templeton
Sustainable
Emerging
Markets
Bond
Fund
Assets:
Investments
in
Securities:
Corporate
Bonds:
Costa
Rica
.....................
$464,824
Discounted
cash
flow
Discount
rate
(
b
)
9.2%
Decrease
c
All
Other
.......................
—
d
Total
..........................
$464,824
a
Represents
the
directional
change
in
the
fair
value
of
the
Level
3
financial
instruments
that
would
result
from
a
significant
and
reasonable
increase
in
the
corresponding
input.
A
significant
and
reasonable
decrease
in
the
input
would
have
the
opposite
effect.
Significant
impacts,
if
any,
to
fair
value
and/or
net
assets
have
been
indicated.
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
with
the
first
two
components
to
arrive
at
an
8%
yield
on
issue
date
for
an
8%
coupon
bond
issued
at
par.
c
Represents
a
significant
impact
to
fair
value
and
net
assets.
d
Includes
securities
determined
to
have
no
value
at
September
30,
2022.
5. Fair
Value
Measurements 
(continued)
Templeton
Income
Trust
Notes
to
Schedules
of
Investments
(unaudited)
29
Quarterly
Schedule
of
Investments
Abbreviations
Counterparty
BNDP
BNP
Paribas
SA
BOFA
Bank
of
America
Corp.
BZWS
Barclays
Bank
plc
CITI
Citibank
NA
DBAB
Deutsche
Bank
AG
GSCO
Goldman
Sachs
Group,
Inc.
HSBK
HSBC
Bank
plc
JPHQ
JPMorgan
Chase
Bank
NA
MSCO
Morgan
Stanley
Selected
Portfolio
PIK
Payment-In-Kind
SOFR
Secured
Overnight
Financing
Rate
Currency
ARS
Argentine
Peso
AUD
Australian
Dollar
BRL
Brazilian
Real
CAD
Canadian
Dollar
CLP
Chilean
Peso
CNY
Chinese
Yuan
COP
Colombian
Peso
CZK
Czech
Koruna
EUR
Euro
GBP
British
Pound
GHS
Ghanaian
Cedi
IDR
Indonesian
Rupiah
INR
Indian
Rupee
JPY
Japanese
Yen
KRW
South
Korean
Won
MXN
Mexican
Peso
MYR
Malaysian
Ringgit
NOK
Norwegian
Krone
PEN
Peruvian
Nuevo
Sol
SEK
Swedish
Krona
SGD
Singapore
Dollar
THB
Thai
Baht
UYU
Uruguayan
Peso
For
additional
information
on
the
Funds'
significant
accounting
policies,
please
refer
to
the Funds'
most
recent
semiannual
or
annual
shareholder
report.