NPORT-EX 2 TIT.htm
Not
FDIC
Insured
May
Lose
Value
No
Bank
Guarantee
TIT-Q1PH
1
Schedules
of
Investments
(unaudited)
Templeton
Global
Bond
Fund
2
Templeton
Global
Total
Return
Fund
9
Templeton
International
Bond
Fund
16
Templeton
Sustainable
Emerging
Markets
Bond
Fund
22
Notes
to
Schedules
of
Investments
27
Templeton
Income
Trust
Schedule
of
Investments
(unaudited),
March
31,
2024
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
77.8%
Australia
13.7%
New
South
Wales
Treasury
Corp.
,
Senior
Bond
,
2
%
,
3/08/33
........
265,064,000
AUD
$
141,017,701
a
Senior
Bond
,
Reg
S,
1.75
%
,
3/20/34
94,524,000
AUD
47,530,780
Queensland
Treasury
Corp.
,
Senior
Bond
,
2
%
,
8/22/33
........
124,850,000
AUD
65,865,719
a
Senior
Bond
,
144A,
Reg
S,
1.75
%
,
7/20/34
......................
241,968,000
AUD
120,878,578
Treasury
Corp.
of
Victoria
,
a
Senior
Bond
,
Reg
S,
2.25
%
,
9/15/33
217,346,000
AUD
115,859,544
Senior
Bond
,
2.25
%
,
11/20/34
.....
141,082,000
AUD
72,696,941
563,849,263
Brazil
7.8%
Brazil
Notas
do
Tesouro
Nacional
,
10
%
,
1/01/27
..................
353,884,000
BRL
70,435,912
10
%
,
1/01/31
..................
480,994,000
BRL
92,440,954
10
%
,
1/01/33
..................
203,346,000
BRL
38,678,143
F
,
10
%
,
1/01/29
................
605,916,000
BRL
118,570,524
320,125,533
Colombia
6.8%
Colombia
Titulos
de
Tesoreria
,
B
,
6
%
,
4/28/28
.................
5,149,800,000
COP
1,187,629
B
,
7.75
%
,
9/18/30
..............
295,978,800,000
COP
70,025,358
B
,
7
%
,
3/26/31
.................
110,158,200,000
COP
24,603,027
B
,
7
%
,
6/30/32
.................
107,691,000,000
COP
23,348,524
B
,
13.25
%
,
2/09/33
.............
248,870,000,000
COP
75,923,927
B
,
7.25
%
,
10/18/34
.............
148,699,000,000
COP
31,409,900
B
,
6.25
%
,
7/09/36
..............
41,872,000,000
COP
7,773,180
B
,
9.25
%
,
5/28/42
..............
206,416,000,000
COP
47,286,540
281,558,085
Germany
2.7%
a
Bundesobligation
,
Reg
S,
10/18/24
...
33,025,000
EUR
34,947,598
a
Bundesschatzanweisungen
,
Reg
S,
0.4
%
,
9/13/24
.................
71,665,000
EUR
76,207,215
111,154,813
Ghana
1.7%
b
Ghana
Government
Bond
,
PIK,
8.35
%
,
2/16/27
.............
115,913,466
GHS
5,748,211
PIK,
8.5
%
,
2/15/28
..............
183,991,471
GHS
8,137,225
PIK,
8.65
%
,
2/13/29
.............
184,262,812
GHS
7,393,785
PIK,
5
%
,
2/12/30
...............
184,534,352
GHS
6,842,858
PIK,
8.95
%
,
2/11/31
.............
164,272,083
GHS
5,695,412
PIK,
9.1
%
,
2/10/32
..............
164,513,807
GHS
5,426,918
PIK,
9.25
%
,
2/08/33
.............
164,755,710
GHS
5,224,195
PIK,
9.4
%
,
2/07/34
..............
164,997,790
GHS
5,081,852
PIK,
9.55
%
,
2/06/35
.............
165,240,048
GHS
4,986,492
PIK,
9.7
%
,
2/05/36
..............
165,482,483
GHS
4,928,044
PIK,
9.85
%
,
2/03/37
.............
165,725,097
GHS
4,898,383
PIK,
10
%
,
2/02/38
..............
165,967,888
GHS
4,891,594
69,254,969
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)
India
6.1%
India
Government
Bond
,
7.26
%
,
1/14/29
................
4,296,000,000
INR
$
52,001,671
Senior
Bond
,
7.26
%
,
8/22/32
......
12,972,780,000
INR
157,224,953
Senior
Bond
,
7.18
%
,
8/14/33
......
2,615,000,000
INR
31,634,945
Senior
Note
,
7.1
%
,
4/18/29
.......
917,600,000
INR
11,032,442
251,894,011
Indonesia
4.2%
Indonesia
Government
Bond
,
FR73
,
8.75
%
,
5/15/31
...........
80,267,000,000
IDR
5,653,824
FR82
,
7
%
,
9/15/30
..............
291,868,000,000
IDR
18,790,740
FR87
,
6.5
%
,
2/15/31
............
56,763,000,000
IDR
3,552,995
FR91
,
6.375
%
,
4/15/32
..........
159,351,000,000
IDR
9,872,124
FR95
,
6.375
%
,
8/15/28
..........
306,801,000,000
IDR
19,251,545
FR96
,
7
%
,
2/15/33
..............
1,801,954,000,000
IDR
116,160,399
173,281,627
Israel
0.9%
a
Israel
Government
Bond
,
Senior
Bond
,
Reg
S,
1.5
%
,
1/16/29
............
39,686,000
EUR
38,279,503
Malaysia
8.2%
Malaysia
Government
Bond
,
4.181
%
,
7/15/24
................
43,630,000
MYR
9,243,660
4.059
%
,
9/30/24
................
126,740,000
MYR
26,879,399
3.882
%
,
3/14/25
................
188,040,000
MYR
39,940,159
3.955
%
,
9/15/25
................
28,830,000
MYR
6,144,802
3.9
%
,
11/30/26
.................
226,950,000
MYR
48,579,181
3.892
%
,
3/15/27
................
19,290,000
MYR
4,127,090
3.502
%
,
5/31/27
................
30,640,000
MYR
6,474,842
3.899
%
,
11/16/27
...............
691,620,000
MYR
148,041,761
4.498
%
,
4/15/30
................
97,744,000
MYR
21,489,568
3.582
%
,
7/15/32
................
134,410,000
MYR
27,880,786
338,801,248
Mexico
4.6%
Mexican
Bonos
,
M
,
10
%
,
11/20/36
...............
121,740,000
MXN
7,713,235
M
,
Senior
Bond
,
7.75
%
,
11/23/34
...
378,250,000
MXN
20,361,681
Mexican
Bonos
Desarr
Fixed
Rate
,
M
,
7.5
%
,
5/26/33
...............
2,352,480,000
MXN
126,089,368
M
,
Senior
Bond
,
8.5
%
,
11/18/38
....
223,180,000
MXN
12,484,741
M
,
Senior
Bond
,
7.75
%
,
11/13/42
...
480,400,000
MXN
24,554,096
191,203,121
Norway
2.9%
a
Norway
Government
Bond
,
Senior
Bond
,
144A,
Reg
S,
1.75
%
,
3/13/25
......................
890,910,000
NOK
80,186,101
Senior
Bond
,
144A,
Reg
S,
1.5
%
,
2/19/26
......................
370,824,000
NOK
32,740,906
Senior
Bond
,
144A,
Reg
S,
1.75
%
,
2/17/27
......................
68,460,000
NOK
5,984,142
118,911,149
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Bond
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
4
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Panama
4.2%
Panama
Government
Bond
,
Senior
Bond
,
3.16
%
,
1/23/30
......
8,670,000
$
7,226,553
Senior
Bond
,
2.252
%
,
9/29/32
.....
22,130,000
15,855,090
Senior
Bond
,
3.298
%
,
1/19/33
.....
2,130,000
1,645,070
Senior
Bond
,
6.4
%
,
2/14/35
.......
91,380,000
86,521,240
Senior
Bond
,
6.875
%
,
1/31/36
.....
11,770,000
11,504,230
Senior
Bond
,
8
%
,
3/01/38
........
47,410,000
49,785,709
172,537,892
Romania
2.8%
a
Romania
Government
Bond
,
Senior
Bond
,
144A,
7.125
%
,
1/17/33
30,630,000
32,815,849
Senior
Bond
,
144A,
6.375
%
,
1/30/34
64,940,000
65,968,974
Senior
Bond
,
144A,
6
%
,
5/25/34
....
17,870,000
17,782,151
116,566,974
Singapore
4.9%
Singapore
Government
Bond
,
2.875
%
,
9/01/30
................
3,030,000
SGD
2,218,643
2.625
%
,
8/01/32
................
171,120,000
SGD
122,489,611
3.375
%
,
9/01/33
................
100,950,000
SGD
76,492,101
201,200,355
South
Korea
4.8%
Korea
Treasury
Bonds
,
3.25
%
,
3/10/28
................
47,714,000,000
KRW
35,277,709
3.5
%
,
9/10/28
.................
218,715,010,000
KRW
163,286,111
198,563,820
Uruguay
1.5%
c
Uruguay
Government
Bond
,
Index
Linked,
Senior
Bond
,
3.875
%
,
7/02/40
2,137,930,450
UYU
61,450,415
Total
Foreign
Government
and
Agency
Securities
(Cost
$
3,304,243,219
)
...........
3,208,632,778
U.S.
Government
and
Agency
Securities
11.1%
United
States
11.1%
U.S.
Treasury
Bonds
,
3.375
%,
8/15/42
................
103,690,000
89,596,666
3.125
%,
2/15/43
................
60,250,000
49,933,364
3.625
%,
8/15/43
................
208,570,000
185,594,711
3.75
%,
11/15/43
................
53,070,000
48,023,167
U.S.
Treasury
Notes
,
3.5
%,
2/15/33
...
89,400,000
84,685,546
457,833,454
Total
U.S.
Government
and
Agency
Securities
(Cost
$
482,364,874
)
................
457,833,454
Total
Long
Term
Investments
(Cost
$
3,786,608,093
)
.............................
3,666,466,232
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
5
a
a  
Number
of
Contracts
Notional
Amount
#
a
Value
a
a
a
a
aa
a
a
Options
Purchased
0.4%
Calls
-
Over-the-Counter
Currency
Options
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
June
Strike
Price
160.00
JPY
,
Expires
6/25/24
..
1
263,641,000
$
265,509
265,509
Puts
-
Over-the-Counter
Currency
Options
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
August
Strike
Price
132.90
JPY
,
Expires
8/13/24
..
1
232,003,000
375,347
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
June
Strike
Price
136.40
JPY
,
Expires
6/12/24
..
1
263,641,000
211,723
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
September
Strike
Price
140.30
JPY
,
Expires
9/12/24
......................
1
1,406,088,000
10,007,199
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
August
Strike
Price
141.35
JPY
,
Expires
8/13/24
..
1
703,047,000
4,406,051
15,000,320
Total
Options
Purchased
(Cost
$
31,815,622
)
....................................
15,265,829
Short
Term
Investments
9.0%
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
0.2%
Germany
0.2%
a
,d
Germany
Treasury
Bills
,
Reg
S,
9/18/24
7,401,000
EUR
7,851,222
Total
Foreign
Government
and
Agency
Securities
(Cost
$
7,899,551
)
...............
7,851,222
Shares
Money
Market
Funds
8.8%
United
States
8.8%
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.997
%
.........
362,626,992
362,626,992
Total
Money
Market
Funds
(Cost
$
362,626,992
)
.................................
362,626,992
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$
370,526,543
)
...............................
370,478,214
a
a
a
Total
Investments
(Cost
$
4,188,950,258
)
98.3
%
..................................
$4,052,210,275
Options
Written
(
0.2
)
%
.......................................................
(8,138,946)
Other
Assets,
less
Liabilities
1.9
%
.............................................
81,607,069
Net
Assets
100.0%
...........................................................
$4,125,678,398
a
a
a
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Bond
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
6
a
a
a
Number
of
Contracts
Notional
Amount
#
a
Value
a
a
a
a
a
a
Options
Written
(0.2)%
a
Calls
-
Over-the-Counter
a
Currency
Options
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
June
Strike
Price
154.00
JPY
,
Expires
6/25/24
..
1
263,641,000
$
(
1,319,186
)
(
1,319,186
)
Puts
-
Over-the-Counter
Currency
Options
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
September
Strike
Price
135.90
JPY
,
Expires
9/12/24
......................
1
966,686,000
(
3,426,950
)
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
August
Strike
Price
137.30
JPY
,
Expires
8/13/24
..
1
703,047,000
(
2,261,677
)
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
June
Strike
Price
141.20
JPY
,
Expires
6/12/24
..
1
527,284,000
(
1,131,133
)
(
6,819,760
)
Total
Options
Written
(Premiums
received
$
16,788,631
)
..........................
$
(
8,138,946
)
#
Notional
amount
is
the
number
of
contracts
multiplied
by
contract
size,
and
may
be
multiplied
by
the
underlying
price.
May
include
currency
units,
bushels,
shares,
pounds,
barrels
or
other
units.
Currency
units
are
stated
in
U.S.
dollars
unless
otherwise
indicated.
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
a
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
March
31,
2024,
the
aggregate
value
of
these
securities
was
$677,032,563,
representing
16.4%
of
net
assets.
b
Income
may
be
received
in
additional
securities
and/or
cash.
c
Principal
amount
of
security
is
adjusted
for
inflation.
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.
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
7
At
March
31,
2024
,
the
Fund
had
the
following
forward
exchange
contracts
outstanding.
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
......
HSBK
Buy
2,366,957,100
28,298,160
4/05/24
$
87,032
$
—
Norwegian
Krone
...
MSCO
Buy
994,800,000
90,670,458
4/10/24
963,286
—
Norwegian
Krone
...
MSCO
Sell
351,920,000
32,793,790
4/10/24
377,478
—
Chilean
Peso
......
HSBK
Buy
20,032,700,000
20,678,916
4/12/24
—
(
239,532
)
Indian
Rupee
......
JPHQ
Buy
1,590,808,500
18,985,208
4/15/24
86,445
—
Japanese
Yen
......
BNDP
Buy
41,246,625,520
288,930,739
4/15/24
—
(
15,932,524
)
Japanese
Yen
......
BOFA
Buy
27,371,868,200
191,729,427
4/15/24
—
(
10,563,790
)
Japanese
Yen
......
BOFA
Sell
27,371,868,200
187,225,923
4/15/24
6,060,286
—
Japanese
Yen
......
DBAB
Buy
34,368,107,310
240,613,878
4/15/24
—
(
13,142,373
)
Japanese
Yen
......
DBAB
Sell
21,239,900,000
145,284,325
4/15/24
4,704,224
—
Japanese
Yen
......
GSCO
Buy
5,039,000,000
35,252,603
4/15/24
—
(
1,901,074
)
Japanese
Yen
......
MSCO
Buy
78,168,007,755
534,648,439
4/15/24
—
(
17,279,410
)
Japanese
Yen
......
MSCO
Sell
57,421,385,094
389,604,196
4/15/24
9,556,813
(
6,390
)
Chilean
Peso
......
HSBK
Buy
16,280,400,000
16,799,158
4/25/24
—
(
195,592
)
Chilean
Peso
......
JPHQ
Buy
18,410,300,000
18,988,892
4/25/24
—
(
213,147
)
Chilean
Peso
......
JPHQ
Buy
24,185,600,000
24,653,273
4/26/24
11,565
—
Thai
Baht
.........
HSBK
Buy
1,167,858,000
33,102,551
6/12/24
—
(
956,592
)
Thai
Baht
.........
CITI
Buy
182,044,000
5,162,904
6/14/24
—
(
151,409
)
Thai
Baht
.........
HSBK
Buy
326,092,000
9,189,573
6/17/24
—
(
210,882
)
Indian
Rupee
......
CITI
Buy
2,857,906,500
34,407,735
6/18/24
—
(
216,516
)
Indian
Rupee
......
JPHQ
Buy
2,823,969,900
34,003,659
6/18/24
—
(
218,449
)
Japanese
Yen
......
MSCO
Buy
23,666,100,000
167,587,950
6/20/24
—
(
9,326,492
)
South
Korean
Won
..
DBAB
Buy
66,506,000,000
50,772,978
6/20/24
—
(
1,291,915
)
Thai
Baht
.........
HSBK
Buy
2,174,290,624
61,007,628
6/20/24
—
(
1,128,928
)
Thai
Baht
.........
JPHQ
Buy
464,383,000
13,123,096
6/20/24
—
(
334,258
)
Thai
Baht
.........
HSBK
Buy
724,263,000
20,242,119
6/21/24
—
(
295,083
)
South
Korean
Won
..
JPHQ
Buy
16,182,300,000
12,392,253
7/16/24
—
(
335,663
)
Mexican
Peso
......
MSCO
Buy
540,623,000
23,797,497
9/03/24
7,939,899
—
Mexican
Peso
......
MSCO
Sell
540,623,000
22,984,206
9/03/24
—
(
8,753,191
)
New
Zealand
Dollar
.
BOFA
Buy
41,880,000
25,508,061
9/18/24
—
(
489,403
)
New
Zealand
Dollar
.
JPHQ
Buy
181,180,000
110,450,952
9/18/24
—
(
2,215,982
)
South
Korean
Won
..
HSBK
Buy
268,263,000,000
205,942,684
9/19/24
—
(
5,361,634
)
Thai
Baht
.........
JPHQ
Buy
150,471,000
4,232,063
9/23/24
—
(
57,209
)
Total
Forward
Exchange
Contracts
...................................................
$29,787,028
$(90,817,438)
Net
unrealized
appreciation
(depreciation)
............................................
$(61,030,410)
*
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)
Templeton
Global
Bond
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
8
At
March
31,
2024
,
the
Fund
had
the
following interest
rate swap
contracts
outstanding.
See
Abbreviations
on
page
33
.
Interest
Rate
Swap
Contracts
Description
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Amount
*
Value
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
aa
aa
aa
aa
Centrally
Cleared
Swap
Contracts
Receive
Fixed
3.285%
.
Annual
Pay
Floating
1-day
SOFR
............
Annual
5/03/33
264,960,000
$
(
16,385,916
)
$
—
$
(
16,385,916
)
Receive
Fixed
3.847%
.
Annual
Pay
Floating
1-day
SOFR
............
Annual
8/31/33
172,660,000
(
1,538,568
)
—
(
1,538,568
)
Total
Interest
Rate
Swap
Contracts
....................................
$(17,924,484)
$
—
$(17,924,484)
*
In
U.S.
dollars
unless
otherwise
indicated.
Templeton
Income
Trust
Schedule
of
Investments
(unaudited),
March
31,
2024
Templeton
Global
Total
Return
Fund
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
9
a
a
Industry
Shares
a
Value
a
Common
Stocks
0.0%
South
Africa
0.0%
a,b,c
K2016470219
South
Africa
Ltd.
,
A
....
Broadline
Retail
434,200,485
$
—
a,b,c
K2016470219
South
Africa
Ltd.
,
B
....
Broadline
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
,f
K2016470219
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
3
%
,
12/31/22
.....................
Broadline
Retail
37,627,701
—
Senior
Secured
Note
,
144A,
PIK,
8
%
,
12/31/22
.....................
Broadline
Retail
14,528,882
EUR
—
a
,d
,e
,f
K2016470260
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
25
%
,
12/31/22
.....................
Broadline
Retail
19,186,470
—
—
Total
Corporate
Bonds
(Cost
$
46,940,535
)
......................................
—
a
a
Industry
Principal
Amount
*
a
Value
Foreign
Government
and
Agency
Securities
76.8%
Australia
5.1%
f
New
South
Wales
Treasury
Corp.
,
Senior
Bond
,
Reg
S,
1.75
%
,
3/20/34
992,000
AUD
498,821
Queensland
Treasury
Corp.
,
Senior
Bond
,
2
%
,
8/22/33
........
630,000
AUD
332,362
f
Senior
Bond
,
144A,
Reg
S,
1.75
%
,
7/20/34
......................
8,782,000
AUD
4,387,174
Treasury
Corp.
of
Victoria
,
f
Senior
Bond
,
Reg
S,
2.25
%
,
9/15/33
15,269,000
AUD
8,139,369
Senior
Bond
,
2.25
%
,
11/20/34
.....
2,963,000
AUD
1,526,779
14,884,505
Brazil
9.0%
Brazil
Notas
do
Tesouro
Nacional
,
10
%
,
1/01/27
..................
35,530,000
BRL
7,071,775
10
%
,
1/01/31
..................
31,491,000
BRL
6,052,171
10
%
,
1/01/33
..................
17,206,000
BRL
3,272,728
F
,
10
%
,
1/01/29
................
51,267,000
BRL
10,032,340
26,429,014
Colombia
3.1%
Colombia
Titulos
de
Tesoreria
,
B
,
7.25
%
,
10/18/34
.............
1,149,800,000
COP
242,874
B
,
6.25
%
,
7/09/36
..............
5,108,000,000
COP
948,257
B
,
9.25
%
,
5/28/42
..............
34,365,000,000
COP
7,872,461
9,063,592
Dominican
Republic
2.4%
f
Dominican
Republic
Government
Bond
,
Senior
Bond
,
144A,
5.3
%
,
1/21/41
..
2,370,000
2,020,237
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
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Dominican
Republic
(continued)
f
Dominican
Republic
Government
Bond,
(continued)
Senior
Bond
,
144A,
6.4
%
,
6/05/49
..
580,000
$
546,262
Senior
Bond
,
144A,
5.875
%
,
1/30/60
5,340,000
4,553,963
7,120,462
Ecuador
4.5%
f
Ecuador
Government
Bond
,
Senior
Bond
,
144A,
3.5
%
,
7/31/35
........
25,206,000
13,332,590
Egypt
1.6%
f
Egypt
Government
Bond
,
Senior
Bond
,
144A,
8.75
%
,
9/30/51
.
3,680,000
2,987,700
Senior
Bond
,
144A,
7.5
%
,
2/16/61
..
2,370,000
1,708,189
4,695,889
Germany
2.9%
f
Bundesobligation
,
Reg
S,
10/18/24
...
1,855,000
EUR
1,962,992
f
Bundesschatzanweisungen
,
Reg
S,
0.4
%
,
9/13/24
.................
6,076,000
EUR
6,461,104
8,424,096
Ghana
3.1%
d
Ghana
Government
Bond
,
PIK,
8.35
%
,
2/16/27
.............
15,920,445
GHS
789,503
PIK,
8.5
%
,
2/15/28
..............
25,270,790
GHS
1,117,629
PIK,
8.65
%
,
2/13/29
.............
25,044,097
GHS
1,004,927
PIK,
5
%
,
2/12/30
...............
25,081,002
GHS
930,048
PIK,
8.95
%
,
2/11/31
.............
22,738,871
GHS
788,370
PIK,
9.1
%
,
2/10/32
..............
22,772,331
GHS
751,205
PIK,
9.25
%
,
2/08/33
.............
22,805,816
GHS
723,144
PIK,
9.4
%
,
2/07/34
..............
19,116,588
GHS
588,782
PIK,
9.55
%
,
2/06/35
.............
19,144,656
GHS
577,733
PIK,
9.7
%
,
2/05/36
..............
19,172,744
GHS
570,961
PIK,
9.85
%
,
2/03/37
.............
19,200,853
GHS
567,525
PIK,
10
%
,
2/02/38
..............
19,228,983
GHS
566,738
8,976,565
Hungary
5.3%
Hungary
Government
Bond
,
1
%
,
11/26/25
..................
1,004,400,000
HUF
2,517,851
3
%
,
10/27/27
..................
273,100,000
HUF
663,148
4.75
%
,
11/24/32
................
5,126,900,000
HUF
12,300,850
15,481,849
India
5.0%
India
Government
Bond
,
Senior
Bond
,
7.26
%
,
8/22/32
................
1,219,000,000
INR
14,773,797
Indonesia
4.7%
Indonesia
Government
Bond
,
FR59
,
7
%
,
5/15/27
..............
41,308,000,000
IDR
2,646,005
FR87
,
6.5
%
,
2/15/31
............
10,451,000,000
IDR
654,165
FR91
,
6.375
%
,
4/15/32
..........
29,340,000,000
IDR
1,817,673
FR95
,
6.375
%
,
8/15/28
..........
82,071,000,000
IDR
5,149,897
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
11
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Indonesia
(continued)
Indonesia
Government
Bond,
(continued)
FR96
,
7
%
,
2/15/33
..............
56,621,000,000
IDR
$
3,649,992
13,917,732
Kazakhstan
2.2%
Kazakhstan
MEOKAM
,
10.67
%
,
1/21/26
................
297,400,000
KZT
655,745
15.35
%
,
11/18/27
...............
50,500,000
KZT
125,494
Kazakhstan
MEUKAM
,
9
%
,
7/03/27
...................
680,900,000
KZT
1,433,019
15.3
%
,
3/03/29
................
252,400,000
KZT
639,910
10.55
%
,
7/28/29
................
101,000,000
KZT
215,361
14
%
,
5/12/31
..................
60,600,000
KZT
149,285
Senior
Bond
,
5.5
%
,
9/20/28
.......
724,300,000
KZT
1,297,176
Senior
Bond
,
7.68
%
,
8/13/29
......
1,052,000,000
KZT
1,998,040
6,514,030
Malaysia
9.8%
Malaysia
Government
Bond
,
3.478
%
,
6/14/24
................
1,758,000
MYR
371,554
4.181
%
,
7/15/24
................
14,730,000
MYR
3,120,768
4.059
%
,
9/30/24
................
19,180,000
MYR
4,067,752
3.882
%
,
3/14/25
................
14,090,000
MYR
2,992,751
3.955
%
,
9/15/25
................
5,335,000
MYR
1,137,098
3.502
%
,
5/31/27
................
1,320,000
MYR
278,942
3.899
%
,
11/16/27
...............
77,940,000
MYR
16,683,113
28,651,978
Mexico
4.6%
Mexican
Bonos
,
M
,
10
%
,
11/20/36
...............
9,610,000
MXN
608,873
M
,
Senior
Bond
,
7.75
%
,
11/23/34
...
29,910,000
MXN
1,610,094
Mexican
Bonos
Desarr
Fixed
Rate
,
M
,
7.5
%
,
5/26/33
...............
158,380,000
MXN
8,488,928
M
,
Senior
Bond
,
8.5
%
,
11/18/38
....
17,630,000
MXN
986,226
M
,
Senior
Bond
,
7.75
%
,
11/13/42
...
37,940,000
MXN
1,939,181
13,633,302
Mongolia
1.7%
f
Mongolia
Government
Bond
,
Senior
Bond
,
144A,
4.45
%
,
7/07/31
.
4,370,000
3,712,316
Senior
Note
,
144A,
5.125
%
,
4/07/26
.
200,000
193,593
Senior
Note
,
144A,
3.5
%
,
7/07/27
..
1,380,000
1,245,097
5,151,006
Norway
4.6%
f
Norway
Government
Bond
,
Senior
Bond
,
144A,
Reg
S,
1.5
%
,
2/19/26
......................
128,667,000
NOK
11,360,306
Senior
Bond
,
144A,
Reg
S,
1.75
%
,
2/17/27
......................
23,754,000
NOK
2,076,356
13,436,662
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
12
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Panama
2.7%
Panama
Government
Bond
,
Senior
Bond
,
6.4
%
,
2/14/35
.......
1,110,000
$
1,050,980
Senior
Bond
,
6.7
%
,
1/26/36
.......
4,850,000
4,719,818
Senior
Bond
,
6.875
%
,
1/31/36
.....
2,150,000
2,101,452
7,872,250
Sri
Lanka
0.9%
e
,f
Sri
Lanka
Government
Bond
,
Senior
Bond
,
144A,
6.2
%
,
5/11/27
..
3,160,000
1,872,171
Senior
Bond
,
144A,
6.75
%
,
4/18/28
.
460,000
272,509
Senior
Bond
,
144A,
7.85
%
,
3/14/29
.
659,000
390,432
2,535,112
Supranational
3.6%
g
Asian
Development
Bank
,
Senior
Note
,
11.75
%
,
7/24/24
......
24,954,000,000
COP
6,465,365
Senior
Note
,
11.2
%
,
1/31/25
.......
16,141,000,000
COP
4,171,885
10,637,250
Total
Foreign
Government
and
Agency
Securities
(Cost
$
235,259,340
)
............
225,531,681
U.S.
Government
and
Agency
Securities
7.9%
United
States
7.9%
U.S.
Treasury
Bonds
,
3.375
%,
8/15/42
................
17,510,000
15,130,076
3.75
%,
11/15/43
................
8,960,000
8,107,925
23,238,001
Total
U.S.
Government
and
Agency
Securities
(Cost
$
24,357,482
)
.................
23,238,001
Shares
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
$
308,202,716
)
...............................
248,769,682
Number
of
Contracts
Notional
Amount
#
a
a
aa
Options
Purchased
0.3%
Calls
-
Over-the-Counter
Currency
Options
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
June
Strike
Price
160.00
JPY
,
Expires
6/25/24
..
1
15,096,000
15,203
15,203
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
13
a
a
Number
of
Contracts
Notional
Amount
#
a
Value
a
a
a
a
aa
a
a
Options
Purchased
(continued)
Puts
-
Over-the-Counter
Currency
Options
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
August
Strike
Price
132.90
JPY
,
Expires
8/13/24
..
1
13,285,000
$
21,493
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
June
Strike
Price
136.40
JPY
,
Expires
6/12/24
..
1
15,096,000
12,123
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
September
Strike
Price
140.30
JPY
,
Expires
9/12/24
......................
1
80,513,000
573,015
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
August
Strike
Price
141.35
JPY
,
Expires
8/13/24
..
1
40,256,000
252,288
858,919
Total
Options
Purchased
(Cost
$
1,821,763
)
.....................................
874,122
Short
Term
Investments
13.8%
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
5.7%
Egypt
3.4%
h
Egypt
Treasury
Bills
,
3/04/25
......................
254,400,000
EGP
4,283,371
3/18/25
......................
347,675,000
EGP
5,795,874
10,079,245
Germany
2.3%
f
,h
Germany
Treasury
Bills
,
Reg
S,
9/18/24
6,189,000
EUR
6,565,493
Total
Foreign
Government
and
Agency
Securities
(Cost
$
16,401,521
)
..............
16,644,738
Shares
Money
Market
Funds
8.1%
United
States
8.1%
i,j
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.997
%
.........
23,855,384
23,855,384
Total
Money
Market
Funds
(Cost
$
23,855,384
)
..................................
23,855,384
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$
40,256,905
)
................................
40,500,122
a
a
a
Total
Investments
(Cost
$
350,281,384
)
98.8
%
...................................
$290,143,926
Options
Written
(
0.2
)
%
.......................................................
(466,036)
Other
Assets,
less
Liabilities
1.4
%
.............................................
3,949,703
Net
Assets
100.0%
...........................................................
$293,627,593
a
a
a
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Total
Return
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
14
a
a
a
Number
of
Contracts
Notional
Amount
#
a
Value
a
a
a
a
a
a
Options
Written
(0.2)%
a
Calls
-
Over-the-Counter
a
Currency
Options
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
June
Strike
Price
154.00
JPY
,
Expires
6/25/24
..
1
15,096,000
$
(
75,536
)
(
75,536
)
Puts
-
Over-the-Counter
Currency
Options
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
September
Strike
Price
135.90
JPY
,
Expires
9/12/24
......................
1
55,353,000
(
196,230
)
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
August
Strike
Price
137.30
JPY
,
Expires
8/13/24
..
1
40,256,000
(
129,502
)
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
June
Strike
Price
141.20
JPY
,
Expires
6/12/24
..
1
30,192,000
(
64,768
)
(
390,500
)
Total
Options
Written
(Premiums
received
$
961,316
)
............................
$
(
466,036
)
#
Notional
amount
is
the
number
of
contracts
multiplied
by
contract
size,
and
may
be
multiplied
by
the
underlying
price.
May
include
currency
units,
bushels,
shares,
pounds,
barrels
or
other
units.
Currency
units
are
stated
in
U.S.
dollars
unless
otherwise
indicated.
*
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
Defaulted
security
or
security
for
which
income
has
been
deemed
uncollectible.
f
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
March
31,
2024,
the
aggregate
value
of
these
securities
was
$74,286,674,
representing
25.3%
of
net
assets.
g
A
supranational
organization
is
an
entity
formed
by
two
or
more
central
governments
through
international
treaties.
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.
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Total
Return
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
15
At
March
31,
2024
,
the
Fund
had
the
following
forward
exchange
contracts
outstanding.
At
March
31,
2024,
the
Fund
had
the
following interest
rate swap
contracts
outstanding.
See
Abbreviations
on
page
33
.
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
......
HSBK
Buy
434,807,100
5,198,337
4/05/24
$
15,988
$
—
Japanese
Yen
......
MSCO
Buy
2,579,000,000
17,846,516
4/05/24
—
(
803,174
)
Japanese
Yen
......
MSCO
Sell
2,579,000,000
17,681,858
4/05/24
638,516
—
Japanese
Yen
......
BNDP
Buy
706,082,800
4,946,078
4/15/24
—
(
272,742
)
Japanese
Yen
......
BOFA
Buy
828,382,560
5,802,502
4/15/24
—
(
319,703
)
Japanese
Yen
......
BOFA
Sell
828,382,560
5,666,207
4/15/24
183,409
—
Japanese
Yen
......
DBAB
Buy
2,664,554,060
18,654,757
4/15/24
—
(
1,018,926
)
Japanese
Yen
......
DBAB
Sell
1,289,600,000
8,821,071
4/15/24
285,621
—
Japanese
Yen
......
MSCO
Buy
4,468,282,560
30,561,867
4/15/24
—
(
987,735
)
Japanese
Yen
......
MSCO
Sell
3,282,352,729
22,270,769
4/15/24
546,292
(
365
)
Norwegian
Krone
...
MSCO
Buy
10,876,000
976,854
4/29/24
25,454
—
Norwegian
Krone
...
MSCO
Sell
1,620,000
151,038
4/29/24
1,742
—
Indian
Rupee
......
HSBK
Buy
102,214,374
1,226,518
5/08/24
—
(
1,969
)
Australian
Dollar
....
DBAB
Buy
5,563,000
3,658,969
5/22/24
—
(
28,323
)
Australian
Dollar
....
JPHQ
Buy
30,576,000
20,204,729
5/22/24
—
(
249,560
)
Australian
Dollar
....
MSCO
Buy
5,930,000
3,936,690
6/11/24
—
(
64,390
)
Indian
Rupee
......
CITI
Buy
850,327,980
10,237,515
6/18/24
—
(
64,421
)
Japanese
Yen
......
MSCO
Buy
2,924,000,000
20,705,869
6/20/24
—
(
1,152,309
)
South
Korean
Won
..
DBAB
Buy
41,672,800,000
31,814,455
6/20/24
—
(
809,517
)
Mexican
Peso
......
MSCO
Buy
67,743,000
2,981,957
9/03/24
994,911
—
Mexican
Peso
......
MSCO
Sell
67,743,000
2,880,046
9/03/24
—
(
1,096,822
)
Thai
Baht
.........
CITI
Buy
478,930,000
13,534,831
9/18/24
—
(
252,130
)
Australian
Dollar
....
MSCO
Buy
1,930,000
1,277,866
9/25/24
—
(
14,255
)
Total
Forward
Exchange
Contracts
...................................................
$2,691,933
$(7,136,341)
Net
unrealized
appreciation
(depreciation)
............................................
$(4,444,408)
*
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
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
aa
aa
aa
aa
Centrally
Cleared
Swap
Contracts
Receive
Fixed
3.285%
.
Annual
Pay
Floating
1-day
SOFR
............
Annual
5/03/33
4,920,000
$
(
304,267
)
$
—
$
(
304,267
)
Total
Interest
Rate
Swap
Contracts
....................................
$(304,267)
$
—
$(304,267)
*
In
U.S.
dollars
unless
otherwise
indicated.
Templeton
Income
Trust
Schedule
of
Investments
(unaudited),
March
31,
2024
Templeton
International
Bond
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
16
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
94.9%
Australia
11.9%
New
South
Wales
Treasury
Corp.
,
Senior
Bond
,
2
%
,
3/08/33
........
1,785,000
AUD
$
949,645
a
Senior
Bond
,
Reg
S,
1.75
%
,
3/20/34
231,000
AUD
116,157
Queensland
Treasury
Corp.
,
Senior
Bond
,
2
%
,
8/22/33
........
410,000
AUD
216,299
a
Senior
Bond
,
144A,
Reg
S,
1.75
%
,
7/20/34
......................
841,000
AUD
420,134
Treasury
Corp.
of
Victoria
,
a
Senior
Bond
,
Reg
S,
2.25
%
,
9/15/33
1,294,000
AUD
689,786
Senior
Bond
,
2.25
%
,
11/20/34
.....
527,000
AUD
271,553
2,663,574
Brazil
9.0%
Brazil
Notas
do
Tesouro
Nacional
,
10
%
,
1/01/27
..................
7,200,000
BRL
1,433,064
10
%
,
1/01/31
..................
940,000
BRL
180,656
F
,
10
%
,
1/01/29
................
2,040,000
BRL
399,204
2,012,924
Colombia
7.9%
Colombia
Titulos
de
Tesoreria
,
B
,
7.5
%
,
8/26/26
...............
2,744,600,000
COP
687,034
B
,
6
%
,
4/28/28
.................
81,000,000
COP
18,680
B
,
7.75
%
,
9/18/30
..............
399,000,000
COP
94,399
B
,
7
%
,
3/26/31
.................
142,000,000
COP
31,715
B
,
7
%
,
6/30/32
.................
670,000,000
COP
145,263
B
,
13.25
%
,
2/09/33
.............
357,000,000
COP
108,911
B
,
7.25
%
,
10/18/34
.............
608,000,000
COP
128,429
B
,
6.25
%
,
7/09/36
..............
290,000,000
COP
53,836
B
,
9.25
%
,
5/28/42
..............
2,152,000,000
COP
492,988
1,761,255
Germany
3.2%
a
Bundesobligation
,
Reg
S,
10/18/24
...
213,000
EUR
225,400
a
Bundesschatzanweisungen
,
Reg
S,
0.4
%
,
9/13/24
.................
463,000
EUR
492,346
717,746
Ghana
1.7%
b
Ghana
Government
Bond
,
PIK,
8.35
%
,
2/16/27
.............
645,993
GHS
32,035
PIK,
8.5
%
,
2/15/28
..............
1,025,399
GHS
45,350
PIK,
8.65
%
,
2/13/29
.............
1,023,319
GHS
41,062
PIK,
5
%
,
2/12/30
...............
1,024,827
GHS
38,003
PIK,
8.95
%
,
2/11/31
.............
917,906
GHS
31,824
PIK,
9.1
%
,
2/10/32
..............
919,257
GHS
30,324
PIK,
9.25
%
,
2/08/33
.............
920,608
GHS
29,191
PIK,
9.4
%
,
2/07/34
..............
871,274
GHS
26,835
PIK,
9.55
%
,
2/06/35
.............
872,554
GHS
26,331
PIK,
9.7
%
,
2/05/36
..............
873,833
GHS
26,023
PIK,
9.85
%
,
2/03/37
.............
875,115
GHS
25,866
PIK,
10
%
,
2/02/38
..............
876,397
GHS
25,830
378,674
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
International
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
17
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
India
5.7%
India
Government
Bond
,
Senior
Bond
,
7.26
%
,
8/22/32
......
18,000,000
INR
$
218,153
Senior
Bond
,
7.18
%
,
8/14/33
......
29,000,000
INR
350,827
Senior
Note
,
7.1
%
,
4/18/29
.......
58,600,000
INR
704,557
1,273,537
Indonesia
5.0%
Indonesia
Government
Bond
,
FR96
,
7
%
,
2/15/33
......................
17,217,000,000
IDR
1,109,869
Israel
1.0%
a
Israel
Government
Bond
,
Senior
Bond
,
Reg
S,
1.5
%
,
1/16/29
............
237,000
EUR
228,601
Malaysia
10.1%
Malaysia
Government
Bond
,
4.181
%
,
7/15/24
................
430,000
MYR
91,102
4.059
%
,
9/30/24
................
770,000
MYR
163,304
3.882
%
,
3/14/25
................
1,180,000
MYR
250,635
3.955
%
,
9/15/25
................
150,000
MYR
31,971
3.9
%
,
11/30/26
.................
1,480,000
MYR
316,798
3.892
%
,
3/15/27
................
130,000
MYR
27,813
3.502
%
,
5/31/27
................
200,000
MYR
42,264
3.899
%
,
11/16/27
...............
4,520,000
MYR
967,509
3.733
%
,
6/15/28
................
340,000
MYR
72,258
4.498
%
,
4/15/30
................
510,000
MYR
112,126
3.582
%
,
7/15/32
................
870,000
MYR
180,465
2,256,245
Mexico
8.7%
Mexican
Bonos
,
M
,
10
%
,
11/20/36
...............
1,000,000
MXN
63,358
M
,
Senior
Bond
,
7.75
%
,
11/23/34
...
3,060,000
MXN
164,724
Mexican
Bonos
Desarr
Fixed
Rate
,
M
,
7.75
%
,
5/29/31
..............
10,040,000
MXN
555,522
M
,
7.5
%
,
5/26/33
...............
15,970,000
MXN
855,968
M
,
Senior
Bond
,
8.5
%
,
11/18/38
....
1,830,000
MXN
102,371
M
,
Senior
Bond
,
7.75
%
,
11/13/42
...
3,940,000
MXN
201,380
1,943,323
Panama
5.1%
Panama
Government
Bond
,
Senior
Bond
,
6.4
%
,
2/14/35
.......
580,000
549,161
Senior
Bond
,
6.875
%
,
1/31/36
.....
390,000
381,193
Senior
Bond
,
8
%
,
3/01/38
........
200,000
210,022
1,140,376
Romania
2.7%
a
Romania
Government
Bond
,
Senior
Bond
,
144A,
7.125
%
,
1/17/33
170,000
182,132
Senior
Bond
,
144A,
6.375
%
,
1/30/34
340,000
345,387
Senior
Bond
,
144A,
6
%
,
5/25/34
....
80,000
79,607
607,126
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
International
Bond
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
18
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Singapore
4.9%
Singapore
Government
Bond
,
2.625
%
,
8/01/32
................
258,000
SGD
$
184,679
3.375
%
,
9/01/33
................
1,200,000
SGD
909,267
1,093,946
South
Korea
4.9%
Korea
Treasury
Bonds
,
1.875
%
,
6/10/26
1,522,520,000
KRW
1,093,820
Supranational
6.8%
c,d
Inter-American
Development
Bank
,
Senior
Note
,
7.35
%
,
10/06/30
......
5,000,000
INR
61,153
c
,d
International
Bank
for
Reconstruction
&
Development
,
Senior
Bond
,
7.07
%
,
6/26/29
......
4,700,000
MXN
260,271
Senior
Note
,
7.05
%
,
7/22/29
......
15,000,000
INR
181,963
Senior
Note
,
6.5
%
,
4/17/30
.......
58,000,000
INR
680,918
c
,d
International
Finance
Corp.
,
a
Senior
Bond
,
Reg
S,
8.375
%
,
5/31/29
3,600,000
MXN
201,682
Senior
Bond
,
7.75
%
,
1/18/30
......
2,100,000
MXN
119,124
1,505,111
Thailand
4.3%
Thailand
Government
Bond
,
0.75
%
,
9/17/24
................
19,770,000
THB
538,249
1
%
,
6/17/27
...................
14,770,000
THB
390,110
Senior
Note
,
1.78
%
,
11/28/24
......
220,000
THB
6,012
Senior
Note
,
2.04
%
,
5/29/25
......
1,230,000
THB
33,670
968,041
Uruguay
2.0%
e
Uruguay
Government
Bond
,
Index
Linked,
Senior
Bond
,
3.875
%
,
7/02/40
15,321,286
UYU
440,379
Total
Foreign
Government
and
Agency
Securities
(Cost
$
21,906,244
)
..............
21,194,547
Number
of
Contracts
Notional
Amount
#
a
a
aa
Options
Purchased
0.4%
Calls
-
Over-the-Counter
Currency
Options
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
June
Strike
Price
160.00
JPY
,
Expires
6/25/24
..
1
1,560,000
1,571
1,571
Puts
-
Over-the-Counter
Currency
Options
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
August
Strike
Price
132.90
JPY
,
Expires
8/13/24
..
1
1,373,000
2,221
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
June
Strike
Price
136.40
JPY
,
Expires
6/12/24
..
1
1,560,000
1,253
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
International
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
19
a
a
Number
of
Contracts
Notional
Amount
#
a
Value
a
a
a
a
aa
a
a
Options
Purchased
(continued)
Puts
-
Over-the-Counter
(continued)
Currency
Options
(continued)
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
September
Strike
Price
140.30
JPY
,
Expires
9/12/24
......................
1
8,322,000
$
59,228
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
August
Strike
Price
141.35
JPY
,
Expires
8/13/24
..
1
4,161,000
26,078
88,780
Total
Options
Purchased
(Cost
$
188,300
)
......................................
90,351
Short
Term
Investments
7.8%
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
0.2%
Germany
0.2%
a
,f
Germany
Treasury
Bills
,
Reg
S,
5/15/24
39,890
EUR
42,845
Total
Foreign
Government
and
Agency
Securities
(Cost
$
43,440
)
.................
42,845
Shares
Money
Market
Funds
7.6%
United
States
7.6%
g,h
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.997
%
.........
1,695,987
1,695,987
Total
Money
Market
Funds
(Cost
$
1,695,987
)
...................................
1,695,987
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$
1,739,427
)
.................................
1,738,832
a
a
a
Total
Investments
(Cost
$
23,833,971
)
103.1
%
...................................
$23,023,730
Options
Written
(
0.2
)
%
.......................................................
(48,168)
Other
Assets,
less
Liabilities
(
2.9
)
%
...........................................
(647,642)
Net
Assets
100.0%
...........................................................
$22,327,920
a
a
a
a
Number
of
Contracts
Notional
Amount
#
Options
Written
(0.2)%
a
Calls
-
Over-the-Counter
a
Currency
Options
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
June
Strike
Price
154.00
JPY
,
Expires
6/25/24
..
1
1,560,000
(
7,806
)
(
7,806
)
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
International
Bond
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
20
a
a
a
Number
of
Contracts
Notional
Amount
#
a
Value
a
a
a
a
a
a
Options
Written
(continued)
a
Puts
-
Over-the-Counter
a
Currency
Options
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
September
Strike
Price
135.90
JPY
,
Expires
9/12/24
......................
1
5,721,000
$
(
20,281
)
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
August
Strike
Price
137.30
JPY
,
Expires
8/13/24
..
1
4,161,000
(
13,386
)
Foreign
Exchange
USD/JPY
,
Counterparty
MSCO
,
June
Strike
Price
141.20
JPY
,
Expires
6/12/24
..
1
3,121,000
(
6,695
)
(
40,362
)
Total
Options
Written
(Premiums
received
$
99,361
)
.............................
$
(
48,168
)
#
Notional
amount
is
the
number
of
contracts
multiplied
by
contract
size,
and
may
be
multiplied
by
the
underlying
price.
May
include
currency
units,
bushels,
shares,
pounds,
barrels
or
other
units.
Currency
units
are
stated
in
U.S.
dollars
unless
otherwise
indicated.
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
a
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
March
31,
2024,
the
aggregate
value
of
these
securities
was
$3,024,077,
representing
13.5%
of
net
assets.
b
Income
may
be
received
in
additional
securities
and/or
cash.
c
A
supranational
organization
is
an
entity
formed
by
two
or
more
central
governments
through
international
treaties.
d
A
portion
or
all
of
the
security
purchased
on
a
delayed
delivery
basis.
e
Principal
amount
of
security
is
adjusted
for
inflation.
f
The
security
was
issued
on
a
discount
basis
with
no
stated
coupon
rate.
g
See
Note
4
regarding
investments
in
affiliated
management
investment
companies.
h
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
International
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
21
At
March
31,
2024
,
the
Fund
had
the
following
forward
exchange
contracts
outstanding.
See
Abbreviations
on
page
33
.
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
......
CITI
Buy
52,990,400
635,529
4/05/24
$
—
$
(
54
)
Indian
Rupee
......
GSCO
Sell
60,576,000
726,767
4/05/24
323
—
Indian
Rupee
......
JPHQ
Buy
7,477,500
89,736
4/05/24
—
(
63
)
Chilean
Peso
......
HSBK
Buy
126,000,000
130,065
4/12/24
—
(
1,507
)
Japanese
Yen
......
BNDP
Buy
47,525,120
332,911
4/15/24
—
(
18,358
)
Japanese
Yen
......
BOFA
Buy
49,313,600
345,423
4/15/24
—
(
19,032
)
Japanese
Yen
......
DBAB
Buy
219,993,550
1,540,192
4/15/24
—
(
84,125
)
Japanese
Yen
......
DBAB
Sell
143,100,000
978,827
4/15/24
31,694
—
Japanese
Yen
......
GSCO
Buy
369,900,000
2,587,803
4/15/24
—
(
139,553
)
Japanese
Yen
......
MSCO
Buy
465,168,199
3,181,627
4/15/24
—
(
102,828
)
Japanese
Yen
......
MSCO
Sell
341,707,600
2,318,487
4/15/24
56,871
(
38
)
Chilean
Peso
......
HSBK
Buy
102,300,000
105,560
4/25/24
—
(
1,229
)
Chilean
Peso
......
JPHQ
Buy
115,700,000
119,336
4/25/24
—
(
1,339
)
Chilean
Peso
......
JPHQ
Buy
152,000,000
154,939
4/26/24
73
—
Australian
Dollar
....
CITI
Buy
245,000
159,799
5/07/24
29
—
Australian
Dollar
....
DBAB
Buy
245,000
159,647
5/07/24
181
—
Australian
Dollar
....
DBAB
Buy
521,000
342,679
5/22/24
—
(
2,653
)
Australian
Dollar
....
JPHQ
Buy
489,000
321,390
5/22/24
—
(
2,249
)
Norwegian
Krone
...
CITI
Buy
12,373,000
1,138,568
6/11/24
2,869
—
Norwegian
Krone
...
DBAB
Buy
1,192,000
109,978
6/11/24
—
(
13
)
Indian
Rupee
......
CITI
Buy
52,990,400
637,977
6/18/24
—
(
4,014
)
Indian
Rupee
......
CITI
Sell
52,990,400
634,160
6/18/24
197
—
Indian
Rupee
......
JPHQ
Buy
28,026,500
337,469
6/18/24
—
(
2,168
)
Indian
Rupee
......
JPHQ
Sell
28,026,500
335,547
6/18/24
246
—
New
Zealand
Dollar
.
CITI
Buy
1,390,000
847,591
9/18/24
—
(
17,220
)
Singapore
Dollar
....
CITI
Buy
40,000
30,158
9/18/24
—
(
303
)
South
Korean
Won
..
CITI
Buy
188,000,000
142,029
9/19/24
—
(
1,461
)
South
Korean
Won
..
HSBK
Buy
2,112,900,000
1,622,051
9/19/24
—
(
42,229
)
Total
Forward
Exchange
Contracts
...................................................
$92,483
$(440,436)
Net
unrealized
appreciation
(depreciation)
............................................
$(347,953)
*
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),
March
31,
2024
Templeton
Sustainable
Emerging
Markets
Bond
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
22
a
a
Industry
Shares
a
Value
a
Common
Stocks
0.0%
South
Africa
0.0%
a,b,c
K2016470219
South
Africa
Ltd.,
A
....
Broadline
Retail
2,171,539
$
—
a,b,c
K2016470219
South
Africa
Ltd.,
B
....
Broadline
Retail
619,903
—
—
Total
Common
Stocks
(Cost
$14,998)
..........................................
—
Principal
Amount
*
a
a
a
a
a
Corporate
Bonds
2.6%
Costa
Rica
2.6%
a,c
Reventazon
Finance
Trust
,
Senior
Secured
Bond
,
144A,
8
%
,
11/15/33
.
Financial
Services
450,660
455,586
South
Africa
0.0%
a,d,e,f
K2016470219
South
Africa
Ltd.
,
Senior
Secured
Note,
144A,
PIK,
3%,
12/31/22
.....................
Broadline
Retail
188,190
—
Senior
Secured
Note,
144A,
PIK,
8%,
12/31/22
.....................
Broadline
Retail
55,416
EUR
—
a,d,e,f
K2016470260
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
25
%
,
12/31/22
.....................
Broadline
Retail
237,804
—
—
Total
Corporate
Bonds
(Cost
$751,695)
........................................
455,586
a
a
Industry
Principal
Amount
*
a
Value
Foreign
Government
and
Agency
Securities
89.7%
Brazil
10.0%
Brazil
Notas
do
Tesouro
Nacional
,
10%,
1/01/27
..................
630,000
BRL
125,393
10%,
1/01/31
..................
3,136,000
BRL
602,700
10%,
1/01/33
..................
4,092,000
BRL
778,333
F,
10%,
1/01/29
................
1,362,000
BRL
266,527
1,772,953
Colombia
10.0%
Colombia
Government
Bond
,
Senior
Bond,
9.85%,
6/28/27
......
13,000,000
COP
3,298
Senior
Bond,
8.75%,
11/14/53
.....
200,000
217,747
Colombia
Titulos
de
Tesoreria
,
B,
7.75%,
9/18/30
..............
123,500,000
COP
29,219
B,
7%,
3/26/31
.................
5,464,400,000
COP
1,220,434
B,
7%,
6/30/32
.................
107,000,000
COP
23,199
B,
13.25%,
2/09/33
.............
260,000,000
COP
79,319
B,
7.25%,
10/18/34
.............
257,000,000
COP
54,286
B,
6.25%,
7/09/36
..............
64,000,000
COP
11,881
B,
9.25%,
5/28/42
..............
580,000,000
COP
132,869
1,772,252
Czech
Republic
1.7%
Czech
Republic
Government
Bond,
Senior
Bond,
1.75%,
6/23/32
......
8,300,000
CZK
301,178
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Sustainable
Emerging
Markets
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
23
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Ecuador
3.6%
f
Ecuador
Government
Bond,
Senior
Bond,
144A,
3.5%,
7/31/35
........
1,199,500
$
634,470
Egypt
2.1%
f
Egypt
Government
Bond,
Senior
Note,
144A,
5.25%,
10/06/25
...........
390,000
376,095
Ghana
1.2%
d
Ghana
Government
Bond
,
PIK,
8.35%,
2/16/27
.............
807,431
GHS
40,041
PIK,
8.5%,
2/15/28
..............
808,623
GHS
35,762
PIK,
8.65%,
2/13/29
.............
759,453
GHS
30,474
PIK,
5%,
2/12/30
...............
760,573
GHS
28,204
PIK,
8.95%,
2/11/31
.............
755,630
GHS
26,198
PIK,
9.1%,
2/10/32
..............
756,742
GHS
24,963
PIK,
9.25%,
2/08/33
.............
757,855
GHS
24,031
PIK,
9.4%,
2/07/34
..............
48,712
GHS
1,500
PIK,
9.55%,
2/06/35
.............
48,784
GHS
1,472
PIK,
9.7%,
2/05/36
..............
48,854
GHS
1,455
PIK,
9.85%,
2/03/37
.............
48,926
GHS
1,446
PIK,
10%,
2/02/38
..............
48,998
GHS
1,444
216,990
Hungary
3.5%
Hungary
Government
Bond,
4.5%,
5/27/32
......................
263,700,000
HUF
624,132
India
10.5%
India
Government
Bond,
Senior
Bond,
7.29%,
1/27/33
................
152,870,000
INR
1,860,143
Indonesia
5.8%
Indonesia
Government
Bond
,
FR,
7.375%,
10/15/30
...........
3,930,000,000
IDR
257,838
FR87,
6.5%,
2/15/31
............
792,000,000
IDR
49,574
FR91,
6.375%,
4/15/32
..........
7,387,000,000
IDR
457,640
FR95,
6.375%,
8/15/28
..........
4,200,000,000
IDR
263,547
1,028,599
Ivory
Coast
2.0%
f
Ivory
Coast
Government
Bond,
Senior
Note,
144A,
7.625%,
1/30/33
......
360,000
357,853
Malaysia
4.7%
Malaysia
Government
Bond
,
4.059%,
9/30/24
................
1,330,000
MYR
282,070
3.899%,
11/16/27
...............
1,940,000
MYR
415,259
4.498%,
4/15/30
................
630,000
MYR
138,509
835,838
Mexico
4.6%
Mexican
Bonos
Desarr
Fixed
Rate
,
M,
7.5%,
5/26/33
.................
15,170,000
MXN
813,089
Panama
4.2%
Panama
Government
Bond
,
Senior
Bond,
6.875%,
1/31/36
.....
330,000
322,548
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Sustainable
Emerging
Markets
Bond
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
24
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Panama
(continued)
Panama
Government
Bond,
(continued)
Senior
Bond,
8%,
3/01/38
........
400,000
$
420,044
742,592
Poland
2.0%
Poland
Government
Bond,
2.75%,
10/25/29
.....................
1,580,000
PLN
348,876
Romania
4.8%
f
Romania
Government
Bond
,
144A,
2.75%,
4/14/41
............
100,000
EUR
73,979
144A,
2.875%,
4/13/42
...........
560,000
EUR
414,984
Senior
Bond,
144A,
5.625%,
2/22/36
330,000
EUR
355,513
844,476
Serbia
4.7%
f
Serbia
Government
Bond,
Senior
Bond,
144A,
6.5%,
9/26/33
............
340,000
347,607
Serbia
Treasury
Bonds,
4.5%,
8/20/32
.
57,400,000
RSD
484,185
831,792
Seychelles
1.8%
f
Seychelles
International
Bond,
Senior
Bond,
Reg
S,
8%,
1/01/26
........
316,000
314,783
Singapore
1.5%
f
Singapore
Government
Bond,
Senior
Bond,
Reg
S,
3%,
8/01/72
........
349,000
SGD
258,404
South
Korea
1.6%
Korea
Treasury
Bonds
,
3.25%,
3/10/28
................
206,000,000
KRW
152,308
3.5%,
9/10/28
.................
160,000,000
KRW
119,451
271,759
Supranational
5.2%
g
European
Bank
for
Reconstruction
&
Development,
Senior
Note,
10%,
3/28/26
......................
147,000,000
KZT
318,778
g
International
Bank
for
Reconstruction
&
Development,
Senior
Bond,
7.07%,
6/26/29
......................
10,800,000
MXN
598,069
916,847
Uruguay
4.2%
h
Uruguay
Government
Bond,
Index
Linked,
Senior
Bond,
3.875%,
7/02/40
25,480,161
UYU
732,375
Total
Foreign
Government
and
Agency
Securities
(Cost
$15,916,494)
..............
15,855,496
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Sustainable
Emerging
Markets
Bond
Fund
(continued)
See
Notes
to
Schedules
of
Investments.
Quarterly
Schedule
of
Investments
25
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
......................
12,498
$
—
Total
Escrows
and
Litigation
Trusts
(Cost
$–)
...................................
—
Total
Long
Term
Investments
(Cost
$16,683,187)
................................
16,311,082
Short
Term
Investments
5.9%
a
a
Industry
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
5.9%
United
States
5.9%
i,j
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.997%
.........
1,036,736
1,036,736
Total
Money
Market
Funds
(Cost
$1,036,736)
...................................
1,036,736
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$1,036,736
)
.................................
1,036,736
a
a
a
Total
Investments
(Cost
$17,719,923)
98.2%
....................................
$17,347,818
Other
Assets,
less
Liabilities
1.8%
.............................................
316,652
Net
Assets
100.0%
...........................................................
$17,664,470
a
a
a
*
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
Defaulted
security
or
security
for
which
income
has
been
deemed
uncollectible.
f
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
March
31,
2024,
the
aggregate
value
of
these
securities
was
$3,133,688,
representing
17.7%
of
net
assets.
g
A
supranational
organization
is
an
entity
formed
by
two
or
more
central
governments
through
international
treaties.
h
Principal
amount
of
security
is
adjusted
for
inflation.
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.
Templeton
Income
Trust
Schedule
of
Investments
(unaudited)
Templeton
Sustainable
Emerging
Markets
Bond
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedules
of
Investments.
26
At
March
31,
2024,
the
Fund
had
the
following
forward
exchange
contracts
outstanding.
See
Abbreviations
on
page
33
.
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
......
HSBK
Buy
5,080,900
60,745
4/05/24
$
187
$
—
Indian
Rupee
......
HSBK
Sell
5,080,900
61,289
4/05/24
358
—
Chilean
Peso
......
HSBK
Buy
84,800,000
87,536
4/12/24
—
(1,014)
Indian
Rupee
......
JPHQ
Buy
971,100
11,589
4/15/24
53
—
Indian
Rupee
......
JPHQ
Sell
971,100
11,712
4/15/24
69
—
Chilean
Peso
......
HSBK
Buy
68,900,000
71,095
4/25/24
—
(828)
Chilean
Peso
......
JPHQ
Buy
235,400,000
242,798
4/25/24
—
(2,725)
Chilean
Peso
......
JPHQ
Buy
102,400,000
104,380
4/26/24
49
—
Uruguayan
Peso
....
CITI
Buy
2,800,000
71,084
4/30/24
382
—
Columbian
Peso
....
GSCO
Buy
370,000,000
92,680
6/04/24
1,990
—
Columbian
Peso
....
MSCO
Buy
2,121,000,000
530,940
6/04/24
11,749
—
Malaysian
Ringgit
...
GSCO
Buy
1,220,000
257,384
8/14/24
—
(5)
Thai
Baht
.........
HSBK
Buy
44,310,000
1,252,261
9/18/24
—
(23,362)
South
Korean
Won
..
CITI
Buy
548,000,000
420,632
9/19/24
—
(10,891)
Total
Forward
Exchange
Contracts
...................................................
$14,837
$(38,825)
Net
unrealized
appreciation
(depreciation)
............................................
$(23,988)
*
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
27
Quarterly
Schedules
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).
The
Funds
follow
the
accounting
and
reporting
guidance
in
Financial
Accounting
Standards
Board
(FASB)
Accounting
Standards
Codification
Topic
946,
Financial
Services
–
Investment
Companies
(ASC
946)
and
apply
the
specialized
accounting
and
reporting
guidance
in
U.S.
Generally
Accepted
Accounting
Principles
(U.S.
GAAP),
including,
but
not
limited
to,
ASC
946.
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,
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
Templeton
Income
Trust
Notes
to
Schedules
of
Investments
(unaudited)
28
Quarterly
Schedules
of
Investments
future
cash
flows
of
the
investment
are
discounted
to
calculate
fair
value.
Discounts
may
also
be
applied
due
to
the
nature
or
duration
of
any
restrictions
on
the
disposition
of
the
investments.
Due
to
the
inherent
uncertainty
of
valuations
of
such
investments,
the
fair
values
may
differ
significantly
from
the
values
that
would
have
been
used
had
an
active
market
existed. 
Trading
in
securities
on
foreign
securities
stock
exchanges
and
OTC
markets
may
be
completed
before
4
p.m.
Eastern
time.
In
addition,
trading
in
certain
foreign
markets
may
not
take
place
on
every
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
Funds.
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
March
31,
2024,
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
March
31,
2024,
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
—
450,660
Reventazon
Finance
Trust,
Senior
Secured
Bond,
144A,
8%,
11/15/33
..............................
12/18/13
450,660
455,586
Total
Restricted
Securities
(Value
is
2.6%
of
Net
Assets)
..............
$465,658
$455,586
*
In
U.S.
dollars
unless
otherwise
indicated.
a
The
Fund
also
invests
in
unrestricted
securities
of
the
issuer,
valued
at
$—
as
of
March
31,
2024.
2. Financial
Instrument
Valuation
(continued)
Templeton
Income
Trust
Notes
to
Schedules
of
Investments
(unaudited)
29
Quarterly
Schedules
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,
4.997%
$361,448,074
$419,690,947
$(418,512,029)
$—
$—
$362,626,992
362,626,992
$3,165,710
Total
Affiliated
Securities
...
$361,448,074
$419,690,947
$(418,512,029)
$—
$—
$362,626,992
$3,165,710
Templeton
Global
Total
Return
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.997%
$16,359,736
$50,764,071
$(43,268,423)
$—
$—
$23,855,384
23,855,384
$192,346
Total
Affiliated
Securities
...
$16,359,736
$50,764,071
$(43,268,423)
$—
$—
$23,855,384
$192,346
Templeton
International
Bond
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.997%
$4,817,812
$3,537,858
$(6,659,683)
$—
$—
$1,695,987
1,695,987
$40,310
Total
Affiliated
Securities
...
$4,817,812
$3,537,858
$(6,659,683)
$—
$—
$1,695,987
$40,310
Templeton
Sustainable
Emerging
Markets
Bond
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.997%
$598,325
$3,134,045
$(2,695,634)
$—
$—
$1,036,736
1,036,736
$17,154
Total
Affiliated
Securities
...
$598,325
$3,134,045
$(2,695,634)
$—
$—
$1,036,736
$17,154
4.
Investments
in
Affiliated
Management
Investment
Companies 
(continued)
Templeton
Income
Trust
Notes
to
Schedules
of
Investments
(unaudited)
30
Quarterly
Schedules
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
March
31,
2024,
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:
a
Foreign
Government
and
Agency
Securities
....
$
—
$
3,208,632,778
$
—
$
3,208,632,778
U.S.
Government
and
Agency
Securities
.......
—
457,833,454
—
457,833,454
Options
purchased
.......................
—
15,265,829
—
15,265,829
Short
Term
Investments
...................
362,626,992
7,851,222
—
370,478,214
Total
Investments
in
Securities
...........
$362,626,992
$3,689,583,283
$—
$4,052,210,275
Other
Financial
Instruments:
Forward
exchange
contracts
...............
$—
$29,787,028
$—
$29,787,028
Total
Other
Financial
Instruments
.........
$—
$29,787,028
$—
$29,787,028
Liabilities:
Other
Financial
Instruments:
Options
written
..........................
$—
$8,138,946
$—
$8,138,946
Forward
exchange
contracts
................
—
90,817,438
—
90,817,438
Swap
contracts
..........................
—
17,924,484
—
17,924,484
Total
Other
Financial
Instruments
.........
$—
$116,880,868
$—
$116,880,868
Templeton
Global
Total
Return
Fund
Assets:
Investments
in
Securities:
a
Common
Stocks
........................
—
—
—
b
—
Corporate
Bonds
........................
—
—
—
b
—
Foreign
Government
and
Agency
Securities
....
—
225,531,681
—
225,531,681
U.S.
Government
and
Agency
Securities
.......
—
23,238,001
—
23,238,001
Escrows
and
Litigation
Trusts
...............
—
—
—
b
—
Options
purchased
.......................
—
874,122
—
874,122
Short
Term
Investments
...................
23,855,384
16,644,738
—
40,500,122
Total
Investments
in
Securities
...........
$23,855,384
$266,288,542
$—
$290,143,926
Other
Financial
Instruments:
Forward
exchange
contracts
...............
$—
$2,691,933
$—
$2,691,933
Total
Other
Financial
Instruments
.........
$—
$2,691,933
$—
$2,691,933
Liabilities:
Other
Financial
Instruments:
Options
written
..........................
$—
$466,036
$—
$466,036
Forward
exchange
contracts
................
—
7,136,341
—
7,136,341
Swap
contracts
..........................
—
304,267
—
304,267
Total
Other
Financial
Instruments
.........
$—
$7,906,644
$—
$7,906,644
Templeton
International
Bond
Fund
Assets:
Investments
in
Securities:
a
Foreign
Government
and
Agency
Securities
....
—
21,194,547
—
21,194,547
Options
purchased
.......................
—
90,351
—
90,351
Short
Term
Investments
...................
1,695,987
42,845
—
1,738,832
Total
Investments
in
Securities
...........
$1,695,987
$21,327,743
$—
$23,023,730
Other
Financial
Instruments:
Forward
exchange
contracts
...............
$—
$92,483
$—
$92,483
Total
Other
Financial
Instruments
.........
$—
$92,483
$—
$92,483
5. Fair
Value
Measurements 
(continued)
Templeton
Income
Trust
Notes
to
Schedules
of
Investments
(unaudited)
31
Quarterly
Schedules
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 March
31,
2024,
the
reconciliations
are
as
follows:
Level
1
Level
2
Level
3
Total
Templeton
International
Bond
Fund
(continued)
Liabilities:
Other
Financial
Instruments:
Options
written
..........................
$—
$48,168
$—
$48,168
Forward
exchange
contracts
................
—
440,436
—
440,436
Total
Other
Financial
Instruments
.........
$—
$488,604
$—
$488,604
Templeton
Sustainable
Emerging
Markets
Bond
Fund
Assets:
Investments
in
Securities:
a
Common
Stocks
........................
—
—
—
b
—
Corporate
Bonds
........................
—
—
455,586
b
455,586
Foreign
Government
and
Agency
Securities
....
—
15,855,496
—
15,855,496
Escrows
and
Litigation
Trusts
...............
—
—
—
b
—
Short
Term
Investments
...................
1,036,736
—
—
1,036,736
Total
Investments
in
Securities
...........
$1,036,736
$15,855,496
$455,586
$17,347,818
Other
Financial
Instruments:
Forward
exchange
contracts
...............
$—
$14,837
$—
$14,837
Total
Other
Financial
Instruments
.........
$—
$14,837
$—
$14,837
Liabilities:
Other
Financial
Instruments:
Forward
exchange
contracts
................
$—
$38,825
$—
$38,825
Total
Other
Financial
Instruments
.........
$—
$38,825
$—
$38,825
a
For
detailed
categories,
see
the
accompanying
Schedule
of
Investments.
b
Includes
financial
instruments
determined
to
have
no
value.
Balance
at
Beginning
of
Period
Purchases
Sales
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
..
$
—
a
$
—
$
—
$
—
$
—
$
—
$
—
$
—
$
—
a
$
—
Corporate
Bonds
:
Costa
Rica
...
450,124
—
—
—
—
—
—
5,462
455,586
5,462
South
Africa
..
—
a
—
—
—
—
—
—
—
—
a
—
Escrows
and
Litigation
Trusts
..
—
a
—
—
—
—
—
—
—
—
a
—
Total
Investments
in
Securities
.........
$450,124
$—
$—
$—
$—
$—
$—
$5,462
$455,586
$5,462
a
Includes
financial
instruments
determined
to
have
no
value.
5. Fair
Value
Measurements 
(continued)
Templeton
Income
Trust
Notes
to
Schedules
of
Investments
(unaudited)
32
Quarterly
Schedules
of
Investments
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
March
31,
2024,
are
as
follows:
Description
Fair
Value
at
End
of
Period
Valuation
Technique
Unobservable
Inputs
Amount
Impact
to
Fair
Value
if
Input
Increases
a
Templeton
Sustainable
Emerging
Markets
Bond
Fund
Assets:
Investments
in
Securities:
Corporate
Bonds:
Costa
Rica
.....................
$455,586
Discounted
cash
flow
Discount
rate
(
b
)
7.8%
Decrease
All
Other
.......................
—
c
Total
..........................
$455,586
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
increases
and
decreases
in
these
inputs
in
isolation
could
result
in
significantly
higher
or
lower
fair
value
measurements.
b
The
discount
rate
is
comprised
of
the
risk-free
rate,
the
10-year
Costa
Rican
CDS
spread,
and
an
incremental
issuer
credit
spread
combined
to
arrive
at
an
8%
yield
on
issue
date
for
an
8%
coupon
bond
issued
at
par.
The
incremental
issuer
spread
is
further
adjusted
to
reflect
the
current
market
spread
for
similar
credits
above
the
Costa
Rican
credit
spread.
c
Includes
financial
instruments
determined
to
have
no
value.
5. Fair
Value
Measurements 
(continued)
Templeton
Income
Trust
Notes
to
Schedules
of
Investments
(unaudited)
33
Quarterly
Schedules
of
Investments
Abbreviations
Counterparty
BNDP
BNP
Paribas
SA
BOFA
Bank
of
America
Corp.
CITI
Citibank
NA
DBAB
Deutsche
Bank
AG
GSCO
Goldman
Sachs
Group,
Inc.
HSBK
HSBC
Bank
plc
JPHQ
JPMorgan
Chase
Bank
NA
MSCO
Morgan
Stanley
Currency
AUD
Australian
Dollar
BRL
Brazilian
Real
COP
Colombian
Peso
CZK
Czech
Koruna
EGP
Egyptian
Pound
EUR
Euro
GHS
Ghanaian
Cedi
HUF
Hungarian
Forint
IDR
Indonesian
Rupiah
INR
Indian
Rupee
JPY
Japanese
Yen
KRW
South
Korean
Won
KZT
Kazakhstani
Tenge
MXN
Mexican
Peso
MYR
Malaysian
Ringgit
NOK
Norwegian
Krone
PLN
Polish
Zloty
RSD
Serbian
Dinar
SGD
Singapore
Dollar
THB
Thai
Baht
USD
United
States
Dollar
UYU
Uruguayan
Peso
Selected
Portfolio
PIK
Payment-In-Kind
SOFR
Secured
Overnight
Financing
Rate
The
following
reference
rates,
and
their
values
as
of
period
end,
are
used
for
security
descriptions:
Reference
Index
Reference
Rate
1-day
SOFR
........................
5.34%
For
additional
information
on
the
Funds'
significant
accounting
policies,
please
refer
to
the Funds'
most
recent
semiannual
or
annual
shareholder
report.