N-Q 1 tgit-nq1207.txt TGIT NQ 12/07 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-08226 Templeton Global Investment Trust --------------------------------------------------- (Exact name of registrant as specified in charter) 500 East Broward Blvd., Suite 2100, Fort Lauderdale, FL 33394-3091 -------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Craig S. Tyle, One Franklin Parkway, San Mateo, CA 94403-1906 ---------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 954/527-7500 -------------- Date of fiscal year end: 03/31 ----------- Date of reporting period: 12/31/07 ---------- Item 1. Schedule of Investments. Templeton Global Investment Trust QUARTERLY STATEMENTS OF INVESTMENTS DECEMBER 31, 2007 -------------------------------------------------------------------------------- CONTENTS Templeton BRIC Fund ...................................................... 3 Templeton Emerging Markets Small Cap Fund ................................ 7 Templeton Income Fund .................................................... 13 Notes to Statements of Investments ....................................... 27 [LOGO](R) FRANKLIN TEMPLETON INVESTMENTS Franklion o TEMPLETON o Mutual Series Quarterly Statements of Investments | 1 This page intentionally left blank. Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON BRIC FUND INDUSTRY SHARES/RIGHTS VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS 95.2% COMMON STOCKS AND RIGHTS 76.6% BRAZIL 4.7% AES Tiete SA .................................. Independent Power Producers & Energy Traders 141,069,390 $ 6,260,944 Companhia de Bebidas das Americas (AmBev) ..... Beverages 68,010 4,775,983 Companhia Energetica de Minas Gerais .......... Electric Utilities 196,565 3,731,422 Localiza Rent a Car SA ........................ Road & Rail 835,460 8,866,202 Marfrig Frigorificos e Comercio De Alimentos SA ......................................... Food Products 202,562 1,735,433 a Porto Seguro SA ............................... Insurance 352,538 13,071,634 b Wilson Sons Ltd., IDR ......................... Marine 313,200 4,566,034 b,c Wilson Sons Ltd., IDR, 144A ................... Marine 79,487 1,158,813 ------------- 44,166,465 ------------- CHINA 33.5% Aluminum Corp. of China Ltd., H ............... Metals & Mining 4,478,000 9,245,303 c Aluminum Corp. of China Ltd., H, 144A ......... Metals & Mining 800,000 1,651,684 Bank of China Ltd., H ......................... Commercial Banks 12,918,000 6,261,787 Baoye Group Co. Ltd., H ....................... Construction & Engineering 1,741,375 1,741,799 Beijing Capital Land Ltd., H .................. Real Estate Management & Development 2,046,000 1,243,641 China Construction Bank Corp., H .............. Commercial Banks 12,246,000 10,380,229 China International Marine Containers (Group) Co. Ltd., B ................................ Machinery 5,368,594 9,961,857 China Mobile Ltd. ............................. Wireless Telecommunication Services 1,494,500 26,428,431 China Netcom Group Corp. (Hong Kong) Ltd. ..... Diversified Telecommunication Services 6,011,500 18,077,439 China Petroleum and Chemical Corp., H ......... Oil, Gas & Consumable Fuels 28,765,000 43,453,110 China Shenhua Energy Co. Ltd., H .............. Oil, Gas & Consumable Fuels 2,621,000 15,662,610 China Shipping Container Lines Co. Ltd., H .... Marine 14,909,150 8,775,599 China Telecom Corp. Ltd., H ................... Diversified Telecommunication Services 21,568,000 17,147,972 China Unicom Ltd. ............................. Wireless Telecommunication Services 4,906,000 11,261,384 Chiwan Wharf Holdings Ltd., B ................. Transportation Infrastructure 1,908,150 4,113,310 CNOOC Ltd. .................................... Oil, Gas & Consumable Fuels 20,162,000 34,335,461 Cosco Pacific Ltd. ............................ Transportation Infrastructure 160,000 426,771 Denway Motors Ltd. ............................ Automobiles 9,344,000 6,003,185 Dongfeng Motor Corp., H ....................... Automobiles 7,402,000 5,220,631 Jiangling Motors Corp. Ltd., B ................ Automobiles 2,908,000 4,064,734 PetroChina Co. Ltd., H ........................ Oil, Gas & Consumable Fuels 25,048,000 44,647,696 Shanghai Industrial Holdings Ltd. ............. Industrial Conglomerates 685,000 2,986,625 Shanghai Prime Machinery Co. Ltd., H .......... Machinery 10,606,000 3,658,602 Sinotrans Ltd., H ............................. Air Freight & Logistics 3,126,000 1,378,982 b Soho China Ltd. ............................... Real Estate Management & Development 11,397,000 11,765,154 b,c Soho China Ltd., 144A ......................... Real Estate Management & Development 348,500 359,758 Travelsky Technology Ltd., H .................. IT Services 3,342,000 3,552,812 Yanzhou Coal Mining Co. Ltd., H ............... Oil, Gas & Consumable Fuels 4,452,000 8,826,242 ------------- 312,632,808 ------------- CYPRUS 0.2% b,d AFI Development PLC, GDR, Reg S ............... Real Estate Management & Development 158,000 1,501,000 -------------
Quarterly Statements of Investments | 3 Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON BRIC FUND INDUSTRY SHARES/RIGHTS VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONTINUED) COMMON STOCKS AND RIGHTS (CONTINUED) HONG KONG 1.8% China Infrastructure Machinery Holdings Ltd. .. Machinery 6,257,000 $ 9,901,307 Road King Infrastructure Ltd. ................. Transportation Infrastructure 1,914,716 3,388,400 Wasion Meters Group Ltd. ...................... Electrical Equipment 2,072,000 1,248,817 c Wasion Meters Group Ltd., 144A ................ Electrical Equipment 3,116,000 1,878,047 ------------- 16,416,571 ------------- INDIA 16.0% Ashok Leyland Ltd. ............................ Machinery 7,590,000 10,015,988 b Bharti Airtel Ltd. ............................ Wireless Telecommunication Services 751,596 18,969,669 Dr. Reddy's Laboratories Ltd. ................. Pharmaceuticals 183,945 3,432,660 Federal Bank Ltd. ............................. Commercial Banks 289,132 2,465,014 b Federal Bank Ltd. rts., 1/15/08 ............... Commercial Banks 289,132 630,653 Gail India Ltd. ............................... Gas Utilities 221,370 3,045,137 Great Eastern Shipping Co. Ltd. ............... Oil, Gas & Consumable Fuels 106,723 1,510,318 Hero Honda Motors Ltd. ........................ Automobiles 342,052 6,055,896 Hindalco Industries Ltd. ...................... Metals & Mining 1,268,766 6,917,761 Infosys Technologies Ltd. ..................... IT Services 190,100 8,531,223 JK Cements Ltd. ............................... Construction Materials 272,290 1,499,823 Karnataka Bank Ltd. ........................... Commercial Banks 721,782 4,069,125 Maruti Suzuki India Ltd. ...................... Automobiles 192,662 4,840,630 Oil & Natural Gas Corp. Ltd. .................. Oil, Gas & Consumable Fuels 681,550 21,386,539 Peninsula Land Ltd. ........................... Textiles, Apparel & Luxury Goods 1,308,159 4,788,781 d Peninsula Land Ltd., Reg S .................... Textiles, Apparel & Luxury Goods 2,677,640 9,802,045 Reliance Industries Ltd. ...................... Oil, Gas & Consumable Fuels 192,400 14,067,099 Satyam Computer Services Ltd. ................. IT Services 159,179 1,814,370 Sesa Goa Ltd. ................................. Metals & Mining 70,397 6,820,407 Shipping Corp. of India Ltd. .................. Marine 1,305,640 10,670,762 Steel Authority of India Ltd. ................. Metals & Mining 614,065 4,431,148 Tata Motors Ltd. .............................. Machinery 190,973 3,596,525 ------------- 149,361,573 ------------- KAZAKHSTAN 0.3% b,c Alliance Bank JSC, GDR, 144A .................. Commercial Banks 136,000 680,000 b,d Alliance Bank JSC, GDR, Reg S ................. Commercial Banks 433,000 2,165,000 ------------- 2,845,000 ------------- RUSSIA 18.7% d Evraz Group SA, GDR, Reg S .................... Metals & Mining 237,654 18,370,654 Gazprom, ADR .................................. Oil, Gas & Consumable Fuels 1,025,123 57,560,656 LUKOIL, ADR ................................... Oil, Gas & Consumable Fuels 12,300 1,058,415 LUKOIL, ADR (London Exchange) ................. Oil, Gas & Consumable Fuels 67,900 5,866,560 Mining and Metallurgical Co. Norilsk Nickel, ADR ........................................ Metals & Mining 101,700 27,560,700 d Novolipetsk Steel, GDR, Reg S ................. Metals & Mining 15,430 629,544 OAO TMK, GDR .................................. Energy Equipment & Services 279,150 12,422,175
4 | Quarterly Statements of Investments Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON BRIC FUND INDUSTRY SHARES/RIGHTS VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONTINUED) COMMON STOCKS AND RIGHTS (CONTINUED) RUSSIA (CONTINUED) b Pik Group, GDR ................................ Household Durables 133,020 $ 4,023,855 Sberbank RF ................................... Commercial Banks 4,913,340 20,734,295 TGC-5 JSC ..................................... Independent Power Producers & Energy Traders 81,875,798 74,098 TNK-BP ........................................ Oil, Gas & Consumable Fuels 2,369,000 5,282,870 b Unified Energy Systems ........................ Electric Utilities 4,516,773 5,935,040 Vsmpo-Avisma Corp. ............................ Metals & Mining 9,032 2,922,573 b VTB Bank OJSC, GDR ............................ Commercial Banks 964,000 9,832,800 b,c VTB Bank OJSC, GDR, 144A ...................... Commercial Banks 57,828 589,845 b Yuzhno-ural Nickel ............................ Metals & Mining 1,038 1,453,200 --------------- 174,317,280 --------------- UKRAINE 0.2% b XXI Century Investments Public Ltd. ........... Real Estate Management & Development 56,310 1,608,349 --------------- UNITED STATES 1.2% b CTC Media Inc. ................................ Media 382,100 11,539,420 --------------- TOTAL COMMON STOCKS AND RIGHTS (COST $583,889,281) ........................ 714,388,466 --------------- PREFERRED STOCKS 18.6% BRAZIL 18.6% Banco Bradesco SA, ADR, pfd. .................. Commercial Banks 545,400 17,452,800 Companhia Paranaense de Energia-Copel, ADR, pfd. ....................................... Independent Power Producers & Energy Traders 370,100 5,584,809 Companhia Vale do Rio Doce, ADR, pfd., A ...... Metals & Mining 2,204,650 61,686,107 Marcopolo SA, pfd. ............................ Machinery 271,850 1,099,618 Metalurgica Gerdau SA, pfd. ................... Metals & Mining 125,700 5,013,876 Petroleo Brasileiro SA, ADR, pfd. ............. Oil, Gas & Consumable Fuels 676,200 65,063,964 Unibanco - Uniao de Bancos Brasileiros SA, GDR, pfd. .................................. Commercial Banks 125,300 17,496,892 --------------- TOTAL PREFERRED STOCKS (COST $109,331,768) ........................ 173,398,066 --------------- TOTAL LONG TERM INVESTMENTS (COST $693,221,049) ........................ 887,786,532 ---------------
Quarterly Statements of Investments | 5 Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
---------------------------------------------------------------------------------------- TEMPLETON BRIC FUND PRINCIPAL AMOUNT VALUE ---------------------------------------------------------------------------------------- SHORT TERM INVESTMENT (COST $38,828,988) 4.1% U.S. GOVERNMENT AND AGENCY SECURITIES 4.1% e FHLB, 1/02/08 .................................. $ 38,836,000 $ 38,828,988 -------------- TOTAL INVESTMENTS (COST $732,050,037) 99.3% ....................................... 926,615,520 OTHER ASSETS, LESS LIABILITIES 0.7% ............ 6,434,677 -------------- NET ASSETS 100.0% .............................. $ 933,050,197 ==============
See Selected Currency and Portfolio Abbreviations on page 26. a A portion or all of the security purchased on a when-issued or delayed delivery basis. b Non-income producing for the twelve months ended December 31, 2007. c Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Fund's Board of Trustees. At December 31, 2007, the aggregate value of these securities was $6,318,147, representing 0.68% of net assets. d Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. These securities have been deemed liquid under guidelines approved by the Fund's Board of Trustees. At December 31, 2007, the aggregate value of these securities was $32,468,243, representin 3.48% of net assets. e The security is traded on a discount basis with no stated coupon rate. 6 | See Notes to Statements of Investments. | Quarterly Statements of Investments Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON EMERGING MARKETS SMALL CAP FUND INDUSTRY SHARES/RIGHTS VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS 90.0% COMMON STOCKS AND RIGHTS 88.5% ARGENTINA 0.9% a Ultrapetrol Bahamas Ltd. ...................... Marine 69,900 $ 1,188,999 --------------- AUSTRIA 0.0% b C.A.T. oil AG ................................. Energy Equipment & Services 218 4,772 --------------- BRAZIL 0.6% a Wilson Sons Ltd., IDR ......................... Marine 48,300 704,149 --------------- CAMBODIA 0.6% NagaCorp Ltd. ................................. Hotels, Restaurants & Leisure 2,428,000 793,963 --------------- CHINA 8.8% Anhui Tianda Oil Pipe Co. Ltd. ................ Energy Equipment & Services 340,000 255,062 Beauty China Holdings Ltd. .................... Personal Products 2,393,000 2,456,998 Beijing Capital Land Ltd., H .................. Real Estate Management & Development 362,000 220,038 a Brilliance China Automotive Holdings Ltd. ..... Automobiles 1,962,000 437,784 Chiwan Wharf Holdings Ltd., B ................. Transportation Infrastructure 683,325 1,473,012 FerroChina Ltd. ............................... Metals & Mining 359,000 458,261 Hongguo International Holdings Ltd. ........... Textiles, Apparel & Luxury Goods 2,977,000 1,920,712 Shanghai Prime Machinery Co. Ltd., H .......... Machinery 5,200,000 1,793,770 Sichuan Expressway Co. Ltd., H ................ Transportation Infrastructure 630,000 281,953 SinoCom Software Group Ltd. ................... IT Services 390,000 77,019 Tong Ren Tang Technologies Co. Ltd., H ........ Pharmaceuticals 313,000 582,001 a Vinda International Holdings Ltd. ............. Household Products 508,000 274,908 Win Hanverky Holdings Ltd. .................... Textiles, Apparel & Luxury Goods 2,260,210 579,682 Yorkey Optical International Cayman Ltd. ...... Electronic Equipment & Instruments 1,498,000 389,959 --------------- 11,201,159 --------------- CZECH REPUBLIC 1.6% Pegas Nonwovens SA ............................ Textiles, Apparel & Luxury Goods 48,800 2,015,375 --------------- EGYPT 6.1% a Al Arafa Investment and Consulting Co. ........ Specialty Retail 902,191 1,569,812 Alexandria Mineral Oils Co. ................... Chemicals 16,000 227,401 a Credit Agricole Egypt ......................... Commercial Banks 43,234 207,304 Delta Sugar Co. ............................... Food Products 19,000 115,386 Egyptian Financial and Industrial Co. ......... Chemicals 48,160 1,414,352 Egyptian International Pharmaceutical ......... Pharmaceuticals 355,723 2,101,611 El Ezz Aldekhela Steel Alexa Co. .............. Metals & Mining 1,000 195,568 Paints & Chemical Industries Co. S.A.E. ....... Chemicals 102,609 967,450 Raya Holding Co. IT Services 247,000 584,785 a Six of October Development & Investment Co. ... Real Estate Management & Development 9,156 383,419 --------------- 7,767,088 --------------- ESTONIA 0.1% a Tallink Group Ltd. ............................ Marine 78,000 119,521 --------------- HONG KONG 4.7% Aupu Group Holding Co. Ltd. ................... Household Durables 978,000 184,360 China Green (Holdings) Ltd. ................... Food Products 1,041,000 1,117,345 a Dah Chong Hong Holdings Ltd. .................. Distributors 704,000 315,974 I.T Ltd. ...................................... Specialty Retail 2,010,000 747,490
Quarterly Statements of Investments | 7 Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON EMERGING MARKETS SMALL CAP FUND INDUSTRY SHARES/RIGHTS VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONTINUED) COMMON STOCKS AND RIGHTS (CONTINUED) HONG KONG (CONTINUED) Norstar Founders Group Ltd. ................... Auto Components 282,000 $ 81,728 Road King Infrastructure Ltd. ................. Transportation Infrastructure 921,000 1,629,859 Sa Sa International Holdings Ltd. ............. Specialty Retail 304,000 124,358 Samson Holding Ltd. ........................... Household Durables 1,300,000 271,733 Sinolink Worldwide Holdings Ltd. .............. Real Estate Management & Development 1,958,000 436,891 c Tack Fat Group International Ltd. ............. Textiles, Apparel & Luxury Goods 1,952,000 237,802 Victory City International Holdings Ltd. ...... Textiles, Apparel & Luxury Goods 74,984 23,366 Wasion Meters Group Ltd. ...................... Electrical Equipment 1,238,000 746,156 Xiwang Sugar Holdings Co. Ltd. ................ Food Products 306,000 131,847 --------------- 6,048,909 --------------- HUNGARY 1.3% a Ablon Group Ltd. .............................. Real Estate Management & Development 208,860 1,076,911 Egis Nyrt ..................................... Pharmaceuticals 4,862 525,716 --------------- 1,602,627 --------------- INDIA 14.0% ABG Shipyard Ltd. ............................. Machinery 13,307 335,098 Allahabad Bank Ltd. ........................... Commercial Banks 218,500 660,407 Ballarpur Industries Ltd. ..................... Paper & Forest Products 576,000 2,534,663 Bharati Shipyard Ltd. ......................... Machinery 17,817 347,840 E.I.D. - Parry (India) Ltd. ................... Chemicals 177,290 776,108 Federal Bank Ltd. ............................. Commercial Banks 191,638 1,633,823 a Federal Bank Ltd. rts., 1/15/08 ............... Commercial Banks 190,638 415,819 Great Eastern Shipping Co. Ltd. ............... Oil, Gas & Consumable Fuels 151,529 2,144,402 HCL Infosystems Ltd. .......................... IT Services 593,610 4,276,011 JK Cements Ltd. ............................... Construction Materials 160,771 885,556 Maharashtra Seamless Ltd. ..................... Metals & Mining 80,000 1,278,416 MindTree Consulting Ltd. ...................... IT Services 10,361 131,560 Peninsula Land Ltd. ........................... Textiles, Apparel & Luxury Goods 93,401 341,913 Raymond Ltd. .................................. Textiles, Apparel & Luxury Goods 50,320 563,410 Tata Investment Corp. Ltd. .................... Capital Markets 36,257 670,347 Tulip IT Services Ltd. ........................ Diversified Telecommunication Services 28,587 809,475 --------------- 17,804,848 --------------- INDONESIA 2.2% PT Bank Internasional Indonesia Tbk ........... Commercial Banks 42,748,000 1,297,118 a PT Panin Life Tbk ............................. Insurance 73,821,500 1,532,627 --------------- 2,829,745 --------------- ISRAEL 0.5% a Taro Pharmaceutical Industries Ltd. ........... Pharmaceuticals 85,100 655,270 --------------- LATVIA 0.0% b a Grindeks ...................................... Pharmaceuticals 23 264 --------------- LITHUANIA 0.4% a,c Rokiskio Suris AB ........................... Food Products 168,774 559,251 ---------------
8 | Quarterly Statements of Investments Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON EMERGING MARKETS SMALL CAP FUND INDUSTRY SHARES/RIGHTS VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONTINUED) COMMON STOCKS AND RIGHTS (CONTINUED) MALAYSIA 0.4% KFC Holdings (Malaysia) Bhd. ...................... Hotels, Restaurants & Leisure 50,000 $ 96,765 a Kinsteel Berhad ................................... Metals & Mining 569,000 230,559 RCE Capital Berhad ................................ Consumer Finance 896,000 227,590 --------------- 554,914 --------------- OMAN 1.6% AES Barka SAOG .................................... Multi-Utilities 1,420 8,488 Ominvest .......................................... Capital Markets 1,010,140 2,058,296 --------------- 2,066,784 --------------- PAKISTAN 6.4% a Bank of Punjab .................................... Commercial Banks 2,729,400 4,329,851 Faysal Bank Ltd. .................................. Commercial Banks 44,000 47,069 Indus Motor Co. Ltd. .............................. Automobiles 295,038 1,527,593 Pakistan State Oil Co. Ltd. ....................... Oil, Gas & Consumable Fuels 345,800 2,280,654 --------------- 8,185,167 --------------- PANAMA 0.4% Banco Latinoamericano de Exportaciones SA, E....... Commercial Banks 32,040 522,572 --------------- PHILIPPINES 0.5% DMCI Holdings Inc. ................................ Oil, Gas & Consumable Fuels 258,600 60,212 Manila Water Co. .................................. Water Utilities 650,000 291,657 Philex Mining Corp. ............................... Metals & Mining 1,078,000 248,387 --------------- 600,256 --------------- POLAND 1.7% a Automotive Components Europe SA ................... Auto Components 69,373 331,565 a Techmex SA ........................................ Electronic Equipment & Instruments 117,062 1,844,430 --------------- 2,175,995 --------------- RUSSIA 3.5% a Chelyabinsk Zinc Plant ............................ Metals & Mining 86,620 972,309 a Chelyabinsk Zink Plant, GDR ....................... Metals & Mining 29,300 336,950 a Veropharm ......................................... Pharmaceuticals 36,255 1,921,515 a Yuzhno-ural Nickel ................................ Metals & Mining 876 1,226,400 --------------- 4,457,174 --------------- SINGAPORE 0.3% Luzhou Bio-Chem Technology Ltd. ................... Food Products 717,000 164,147 Sing Holdings Ltd. ................................ Real Estate Management & Development 347,000 190,177 Sinopipe Holdings Ltd. ............................ Machinery 134,000 44,157 --------------- 398,481 --------------- SOUTH AFRICA 3.3% Argent Industrial Ltd. ............................ Trading Companies & Distributors 87,018 245,273 Astral Foods Ltd. ................................. Food Products 7,760 171,760 a Freeworld Coatings Ltd. ........................... Specialty Retail 204,458 314,207 Kagiso Media Ltd. ................................. Media 764,956 1,481,998
Quarterly Statements of Investments | 9 Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON EMERGING MARKETS SMALL CAP FUND INDUSTRY SHARES/RIGHTS VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONTINUED) COMMON STOCKS AND RIGHTS (CONTINUED) SOUTH AFRICA (CONTINUED) Lewis Group Ltd. .................................. Specialty Retail 261,903 $ 1,753,014 a Metorex Ltd. ...................................... Metals & Mining 57,000 181,420 --------------- 4,147,672 --------------- SOUTH KOREA 11.3% Avista Inc. ....................................... Textiles, Apparel & Luxury Goods 141,393 1,888,160 Binggrae Co. Ltd. ................................. Food Products 8,840 356,037 CJ Home Shopping .................................. Internet & Catalog Retail 2,000 111,960 Daekyo Co. Ltd. ................................... Media 6,450 611,890 Duzon Digital Ware Co. Ltd. ....................... Software 43,215 708,670 Eugene Corp. ...................................... Construction Materials 26,000 341,648 GS Home Shopping Inc. ............................. Internet & Catalog Retail 7,680 551,355 Haatz Inc. ........................................ Household Durables 88,649 359,881 c Hanshin Construction Co. Ltd. ..................... Construction & Engineering 11,080 336,170 Hyunjin Materials Co. Ltd. ........................ Machinery 3,000 128,839 Ilsung Pharmaceutical Co., Ltd. ................... Pharmaceuticals 5,000 600,930 Intelligent Digital Integrated Security Co. Ltd. ........................................... Household Durables 24,000 534,587 Korea Polyol Co. Ltd. ............................. Chemicals 9,702 570,066 Kukdo Chemical Co. Ltd. ........................... Chemicals 8,372 258,033 Misung Polytech Co. Ltd. .......................... Electronic Equipment & Instruments 57,412 310,965 Neopharm Co. Ltd. ................................. Household Products 27,957 347,951 SFA Engineering Corp. ............................. Electronic Equipment & Instruments 4,000 258,533 Sk Gas Co. Ltd. ................................... Oil, Gas & Consumable Fuels 24,551 1,927,780 a SSCP Co. Ltd. ..................................... Chemicals 3,957 133,161 Techno Semichem Co., Ltd. ......................... Chemicals 44,041 1,166,836 TK Corp. .......................................... Machinery 47,124 1,560,647 YBM Sisa.com Inc. ................................. Diversified Consumer Services 32,778 521,759 YESCO Co. Ltd. .................................... Oil, Gas & Consumable Fuels 21,054 841,215 --------------- 14,427,073 --------------- TAIWAN 2.5% G Shank Enterprise Co. Ltd. ....................... Machinery 370,400 436,302 Geovision Inc. .................................... Communications Equipment 5,000 46,100 Giant Manufacturing Co. Ltd. ...................... Leisure Equipment & Products 105,000 235,060 KYE Systems Corp. ................................. Computers & Peripherals 994,690 1,591,872 Lite-On IT Corp. .................................. Computers & Peripherals 128,000 104,397 Merry Electronics Co. Ltd. ........................ Household Durables 78,000 240,037 Microlife Corp. ................................... Health Care Equipment & Supplies 47,000 67,826 Phoenixtec Power Co. Ltd. ......................... Electrical Equipment 154,000 233,873 Sunplus Technology Co. Ltd. ....................... Semiconductors & Semiconductor Equipment 153,923 230,671 --------------- 3,186,138 --------------- THAILAND 5.4% Bangkok Chain Hospital PCL ........................ Health Care Providers & Services 339,100 85,065 Cal-Comp Electronics (Thailand) Public Co. Ltd., fgn. ..................................... Computers & Peripherals 626,600 130,212 Delta Electronics (Thailand) Public Co. Ltd., fgn. ........................................... Electronic Equipment & Instruments 1,948,300 1,260,886
10 | Quarterly Statements of Investments Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON EMERGING MARKETS SMALL CAP FUND INDUSTRY SHARES/RIGHTS VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONTINUED) COMMON STOCKS AND RIGHTS (CONTINUED) THAILAND (CONTINUED) Glow Energy Public Co. Ltd., fgn. ............. Independent Power Producers & Energy Traders 1,231,100 $ 1,224,339 Hana Microelectronics Public Co. Ltd., fgn. ... Electronic Equipment & Instruments 1,523,200 976,729 Hemaraj Land & Devevelopment Public Co. Ltd. .. Real Estate Management & Development 20,448,100 861,995 Precious Shipping Public Co. Ltd., fgn. ....... Marine 441,000 383,592 Rojana Industrial Park Public Co. Ltd., fgn. .. Real Estate Management & Development 758,400 389,500 Thai Union Frozen Products Ltd., fgn. ......... Food Products 1,840,600 1,234,899 TISCO Bank Public Co. Ltd., fgn. .............. Consumer Finance 307,800 269,559 a Tycoons Worldwide Groups (Thailand) Public Co. Ltd., fgn. ............................. Metals & Mining 54,500 10,031 --------------- 6,826,807 --------------- TUNISIA 0.5% a Amen Bank ..................................... Commercial Banks 27,090 572,425 Banque de l' Habitat .......................... Thrifts & Mortgage Finance 1,417 28,790 --------------- 601,215 --------------- TURKEY 7.9% Alarko Holding AS ............................. Industrial Conglomerates 27,943 88,057 Anadolu Cam Sanayii AS ........................ Containers & Packaging 275,619 656,151 a IS Yatirim Menkul Degerler AS ................. Capital Markets 37,382 87,073 a Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS, D .............................. Metals & Mining 690,000 815,414 Pinar Sut Mamulleri Sanayii AS ................ Food Products 235,300 1,632,139 a Selcuk Ecza Deposu ............................ Pharmaceuticals 1,224,355 2,474,397 a Tat Konserve Sanayii AS ....................... Food Products 61,694 163,778 a Tekfen Holding AS ............................. Diversified Financial Services 245,000 1,353,243 Trakya Cam Sanayii AS ......................... Building Products 872,182 2,091,295 Turcas Petrolculuk AS ......................... Oil, Gas & Consumable Fuels 77,000 652,794 --------------- 10,014,341 --------------- UKRAINE 1.0% a XXI Century Investments Public Ltd. ........... Real Estate Management & Development 44,766 1,278,625 --------------- TOTAL COMMON STOCKS AND RIGHTS (COST $104,556,940) ........................ 112,739,154 --------------- PREFERRED STOCKS 1.5% BRAZIL 1.5% Marcopolo SA, pfd. ............................ Machinery 314,563 1,272,390 Saraiva SA Livreiros, pfd. .................... Media 32,000 629,213 --------------- TOTAL PREFERRED STOCKS (COST $1,409,423) .......................... 1,901,603 --------------- TOTAL LONG TERM INVESTMENTS (COST $105,966,363) ........................ 114,640,757 ---------------
Quarterly Statements of Investments | 11 Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON EMERGING MARKETS SMALL CAP FUND PRINCIPAL AMOUNT VALUE ------------------------------------------------------------------------------------------------------------------------------------ SHORT TERM INVESTMENT (COST $10,655,000) 8.4% UNITED STATES 8.4% Dresdner Bank AG, Time Deposit, 4.25%, 1/02/08 ................................................................................ $ 10,655,000 $ 10,655,000 --------------- TOTAL INVESTMENTS (COST $116,621,363) 98.4% .................................................................................. 125,295,757 OTHER ASSETS, LESS LIABILITIES 1.6% ....................................................... 2,031,275 --------------- NET ASSETS 100.0% ......................................................................... $ 127,327,032 ===============
See Selected Currency and Portfolio Abbreviations on page 26. a Non-income producing for the twelve months ended December 31, 2007. b Rounds to less than 0.1% of net assets. c A portion or all of the security purchased on a when-issued or delayed delivery basis. 12 | See Notes to Statements of Investments. | Quarterly Statements of Investments Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON INCOME FUND INDUSTRY SHARES VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS 88.6% COMMON STOCKS 57.3% AUSTRALIA 0.9% Billabong International Ltd. .................. Textiles, Apparel & Luxury Goods 388,495 $ 5,044,430 National Australia Bank Ltd. .................. Commercial Banks 128,662 4,259,961 --------------- 9,304,391 --------------- AUSTRIA 0.9% Telekom Austria AG ............................ Diversified Telecommunication Services 335,520 9,317,870 --------------- CANADA 0.3% BCE Inc. ...................................... Diversified Telecommunication Services 69,678 2,780,108 --------------- CHINA 0.5% Travelsky Technology Ltd., H .................. IT Services 4,718,000 5,015,609 --------------- EGYPT 0.5% Egyptian Mobile Services ...................... Wireless Telecommunication Services 138,977 5,127,001 --------------- FINLAND 0.5% Stora Enso OYJ, R ............................. Paper & Forest Products 114,590 1,712,404 UPM-Kymmene OYJ ............................... Paper & Forest Products 143,550 2,895,147 --------------- 4,607,551 --------------- FRANCE 4.5% France Telecom SA ............................. Diversified Telecommunication Services 314,060 11,283,923 Sanofi-Aventis ................................ Pharmaceuticals 127,550 11,723,103 Total SA, B ................................... Oil, Gas & Consumable Fuels 120,090 9,959,647 Vivendi SA .................................... Media 250,830 11,486,610 --------------- 44,453,283 --------------- GERMANY 2.9% Bayerische Motoren Werke AG ................... Automobiles 168,820 10,527,281 Deutsche Post AG .............................. Air Freight & Logistics 270,100 9,188,113 E.ON AG ....................................... Electric Utilities 19,710 4,188,295 Siemens AG .................................... Industrial Conglomerates 30,450 4,817,882 --------------- 28,721,571 --------------- HONG KONG 3.6% Bank of East Asia Ltd. ........................ Commercial Banks 923,772 6,319,903 Hopewell Holdings Ltd. ........................ Transportation Infrastructure 2,296,000 10,599,505 Hutchison Whampoa Ltd. ........................ Industrial Conglomerates 298,000 3,380,067 a RREEF China Commercial Trust .................. Real Estate Management & Development 9,857,000 4,752,737 Yue Yuen Industrial Holdings Ltd. ............. Textiles, Apparel & Luxury Goods 2,956,000 10,613,868 --------------- 35,666,080 --------------- ITALY 3.9% Eni SpA ....................................... Oil, Gas & Consumable Fuels 290,658 10,625,502 Intesa Sanpaolo SpA ........................... Commercial Banks 1,168,228 9,223,257 UniCredito Italiano SpA ....................... Commercial Banks 2,199,017 18,227,889 --------------- 38,076,648 --------------- JAPAN 2.4% EBARA Corp. ................................... Machinery 803,000 2,750,715 Nintendo Co. Ltd. ............................. Software 6,300 3,779,492
Quarterly Statements of Investments | 13 Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON INCOME FUND INDUSTRY SHARES VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONTINUED) COMMON STOCKS (CONTINUED) JAPAN (CONTINUED) Takeda Pharmaceutical Co. Ltd. ................ Pharmaceuticals 245,700 $ 14,475,622 Tamron Co. Ltd. ............................... Leisure Equipment & Products 120,300 3,025,974 --------------- 24,031,803 --------------- MEXICO 0.3% Telefonos de Mexico SAB de CV (Telmex), L, ADR ........................................ Diversified Telecommunication Services 66,720 2,457,965 --------------- NETHERLANDS 3.1% ING Groep NV .................................. Capital Markets 417,280 16,289,615 Reed Elsevier NV .............................. Media 493,670 9,833,969 Unilever NV ................................... Food Products 112,726 4,137,343 --------------- 30,260,927 --------------- RUSSIA 0.5% Mobile TeleSystems, ADR ....................... Wireless Telecommunication Services 50,890 5,180,093 --------------- SINGAPORE 1.5% Singapore Telecommunications Ltd. ............. Diversified Telecommunication Services 4,557,999 12,648,372 Venture Corp. Ltd. ............................ Electronic Equipment & Instruments 283,000 2,513,025 --------------- 15,161,397 --------------- SOUTH AFRICA 1.7% Foschini Ltd. ................................. Specialty Retail 714,429 5,026,500 JD Group Ltd. ................................. Specialty Retail 306,721 2,278,626 Massmart Holdings Ltd. ........................ Food & Staples Retailing 892,669 9,362,297 --------------- 16,667,423 --------------- SOUTH KOREA 1.7% Kookmin Bank .................................. Commercial Banks 131,292 9,678,060 Macquarie Korea Infrastructure Fund ........... Transportation Infrastructure 384,390 2,784,215 Shinhan Financial Group Co. Ltd. .............. Commercial Banks 73,460 4,198,611 --------------- 16,660,886 --------------- SPAIN 1.0% Telefonica SA ................................. Diversified Telecommunication Services 298,741 9,687,202 --------------- TAIWAN 2.3% Chunghwa Telecom Co. Ltd., ADR ................ Diversified Telecommunication Services 521,777 11,014,718 Compal Electronics Inc. ....................... Computers & Peripherals 1,697,664 1,858,374 b Compal Electronics Inc., GDR, 144A ............ Computers & Peripherals 66,732 367,026 Lite-On Technology Corp. ...................... Computers & Peripherals 2,176,879 3,799,302 Mega Financial Holding Co. Ltd. ............... Commercial Banks 9,038,000 5,559,917 --------------- 22,599,337 --------------- THAILAND 1.7% Advanced Info Service Public Co. Ltd., fgn. ... Wireless Telecommunication Services 1,627,000 4,994,264 Bank of Ayudhya Public Co. Ltd. ............... Commercial Banks 7,747,700 6,037,617 Krung Thai Bank Public Co. Ltd., fgn .......... Commercial Banks 19,424,000 5,939,356 --------------- 16,971,237 ---------------
14 | Quarterly Statements of Investments Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON INCOME FUND INDUSTRY SHARES VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONTINUED) COMMON STOCKS (CONTINUED) UNITED KINGDOM 14.0% Aviva PLC ..................................... Insurance 718,920 $ 9,613,523 BP PLC ........................................ Oil, Gas & Consumable Fuels 1,068,995 13,062,844 Centrica PLC .................................. Multi-Utilities 251,410 1,792,097 Compass Group PLC ............................. Hotels, Restaurants & Leisure 690,705 4,233,843 GlaxoSmithKline PLC ........................... Pharmaceuticals 546,496 13,888,153 HSBC Holdings PLC ............................. Commercial Banks 948,704 16,022,405 Kingfisher PLC ................................ Specialty Retail 3,296,557 9,536,937 Old Mutual PLC ................................ Insurance 4,468,750 14,881,511 Pearson PLC ................................... Media 587,983 8,551,904 Royal Bank of Scotland Group PLC .............. Commercial Banks 601,483 5,306,318 Royal Dutch Shell PLC, B ...................... Oil, Gas & Consumable Fuels 219,266 9,105,516 Tesco PLC ..................................... Food & Staples Retailing 545,911 5,176,721 Vodafone Group PLC ............................ Wireless Telecommunication Services 4,746,105 17,710,054 Yell Group PLC ................................ Media 1,216,120 9,689,643 --------------- 138,571,469 --------------- UNITED STATES 8.6% Bank of America Corp. ......................... Commercial Banks 205,830 8,492,546 Bristol-Myers Squibb Co. ...................... Pharmaceuticals 211,490 5,608,715 General Electric Co. .......................... Industrial Conglomerates 384,920 14,268,984 JPMorgan Chase & Co. .......................... Diversified Financial Services 202,446 8,836,768 Merck & Co. Inc. .............................. Pharmaceuticals 286,806 16,666,297 Microsoft Corp. ............................... Software 356,060 12,675,736 Pfizer Inc. ................................... Pharmaceuticals 404,772 9,200,467 United Parcel Service Inc., B ................. Air Freight & Logistics 132,100 9,342,112 --------------- 85,091,625 --------------- TOTAL COMMON STOCKS (COST $527,472,181) 566,411,476 --------------- CONVERTIBLE PREFERRED STOCKS 2.3% UNITED STATES 2.3% b The Goldman Sachs Group Inc. into Accenture Ltd., 6.35% cvt., pfd., 144A ............... Investment Banking & Brokerage 133,000 4,754,617 b The Goldman Sachs Group Inc. into Comcast Corp., 6.275%, cvt., pfd., 144A ............ Diversified Financial Services 247,520 4,481,597 b The Goldman Sachs Group Inc. into News Corp., 4.80%, cvt,. pfd., 144A ............. Media 446,200 9,084,186 b Morgan Stanley into Comcast Corp., 5.00%, cvt., pfd.,144A ............................ Diversified Financial Services 242,500 4,611,137 --------------- TOTAL CONVERTIBLE PREFERRED STOCKS (COST $24,305,081) ......................... 22,931,537 --------------- PREFERRED STOCK (COST $1,725,055) 0.5% BRAZIL 0.5% Companhia Vale do Rio Doce, ADR, pfd., A ...... Metals & Mining 172,380 4,823,192 ---------------
Quarterly Statements of Investments | 15 Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON INCOME FUND PRINCIPAL AMOUNT d VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONTINUED) SENIOR FLOATING RATE INTERESTS 4.0% UNITED STATES 4.0% Allied Waste North America Inc., Credit Link, 5.121%, 3/28/14 ............... 563,222 $ 540,974 Term Loan B, 6.36% - 6.89%, 3/28/14 ........ 936,778 899,776 c Alltel Communications Corp., Term Loan B-3, 7.778%, 6/30/15 ............................ 5,490,000 5,255,961 c Amsted Industries Inc., Delay Draw, 8.50%, 4/05/13 ................. 241,508 231,963 Term Loan B, 8.50%, 4/05/13 ................ 1,258,492 1,208,757 Bausch and Lomb Inc., Parent Term Loan B, 8.08%, 4/28/15 ............................. 1,440,000 1,432,656 Community Health Systems Inc., Term Loan, 7.331%, 7/25/14 ............................ 1,407,193 1,352,593 DaVita Inc., Term Loan B-1, 6.35% - 6.75%, 10/05/12 ................................... 500,000 479,830 c DJO Finance LLC, Term Loan B, 7.83%, 5/20/14 .................................... 900,000 887,868 Education Management LLC, Term Loan C, 6.625%, 6/01/13 ............................ 498,709 483,060 First Data Corp., Term Loan B-2, 7.58% - 7.634%, 9/24/14 ............................ 5,486,250 5,203,708 Georgia-Pacific Corp., Term Loan B, 6.58% - 6.896%, 12/20/12 ................... 1,500,000 1,418,610 HCA Inc., Term Loan B-1, 7.08%, 11/18/13 ...... 3,989,924 3,824,183 Idearc Inc., Term Loan B, 6.83%, 11/17/14 ..... 1,496,222 1,428,563 c Jarden Corp., Term Loan B-3, 7.698%, 1/24/12 .................................... 500,000 491,015 c Nielsen Finance LLC (VNU Inc.), Term Loan B, 6.896% - 7.493%, 8/09/13 ................... 2,000,000 1,897,060 NRG Energy Inc., Credit Link, 6.48%, 2/01/13 ................ 440,822 419,667 Term Loan, 6.58%, 2/01/13 .................. 1,059,178 1,008,348 c Nuveen Investments Inc., Term Loan B, 7.83% - 7.865%, 11/13/14 ................... 800,000 789,032 OSI Restaurant Partners LLC (Outback), Pre-Funded Revolving Credit, 4.878%, 6/14/13 .................................. 106,631 98,952 Term Loan B, 7.125%, 6/14/14 ............... 1,343,546 1,244,916 c Penn National Gaming Inc., Term Loan B, 6.58% - 6.76%, 10/03/12 .................... 500,000 494,035 c Regal Cinemas Corp., Term Loan, 6.33%, 10/27/13 ................................... 500,000 473,205 c Rockwood Specialties Group Inc., Term Loan E, 8.00%, 7/30/12 ..................... 700,000 676,151 Texas Competitive Electric Holdings Co. LLC, Term Loan B-2, 8.396%, 10/10/14 ....... 4,000,000 3,920,040 c Univision Communications Inc., Delayed Draw Term Loan, 8.75%, 9/29/14 ..... 67,114 61,376 Term Loan B, 7.095% - 7.210%, 9/29/14 ...... 1,932,886 1,765,672
16 | Quarterly Statements of Investments Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON INCOME FUND PRINCIPAL AMOUNT d VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONTINUED) SENIOR FLOATING RATE INTERESTS (CONTINUED) UNITED STATES (CONTINUED) West Corp., Term Loan B-2, 7.22% - 7.468%, 10/24/13 ................................................................................ 1,500,000 $ 1,424,055 ------------- TOTAL SENIOR FLOATING RATE INTERESTS (COST $39,694,211) ...................................................................... 39,412,026 ------------- CORPORATE BONDS & NOTES 5.8% BE BERMUDA 0.1% Intelsat Subsidiary Holding Co. Ltd., senior note, 8.25%, 1/15/13 .......................................................................... 800,000 808,000 ------------- CANADA 0.2% CanWest Media Inc., senior sub. note, 8.00%, 9/15/12 ................................................................................. 200,000 189,750 b CanWest Mediaworks LP, senior sub. note, 144A, 9.25%, 8/01/15 .......................................................................... 600,000 590,250 Novelis Inc., senior note, 7.25%, 2/15/15 ................................................. 600,000 567,000 Quebecor Media Inc., b 144A, 7.75%, 3/15/16 .................................................................. 600,000 579,000 senior note, 7.75%, 3/15/16 .......................................................... 200,000 193,000 ------------- 2,119,000 ------------- GERMANY 0.0% e b FMC Finance III SA, senior note, 144A, 6.875%, 7/15/17 ................................................................................. 350,000 351,750 ------------- ICELAND 0.1% b,f Landsbanki Islands HF, 144A, FRN, 5.73%, 8/25/09 ................................................................................. 500,000 499,351 ------------- JAMAICA 0.1% b Digicel Group Ltd., senior note, 144A, 8.875%, 1/15/15 ................................................................................. 800,000 734,000 ------------- KAZAKHSTAN 0.1% b HSBK Europe BV, 144A, 7.25%, 5/03/17 ...................................................... 800,000 700,000 ------------- NETHERLANDS 0.1% b Intergen NV, senior secured note, 144A, 9.00%, 6/30/17 ................................................................................. 500,000 528,750 ------------- RUSSIA 0.0% e g Alfa Medium Term Note for ABH Financial, Reg S, 8.20%, 6/25/12 .......................................................................... 495,000 466,320 ------------- SOUTH AFRICA 0.1% b,f Edcon Holdings, 144A, FRN, 10.448%, 6/15/15 ................................................................................. 500,000 EUR 560,938 f,g Edcon Proprietary Ltd., senior secured note, Reg S, FRN, 8.198%, 6/15/14 ............................................................. 800,000 EUR 980,683 ------------- 1,541,621 -------------
Quarterly Statements of Investments | 17 Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON INCOME FUND PRINCIPAL AMOUNT d VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONTINUED) CORPORATE BONDS & NOTES (CONTINUED) SOUTH KOREA 0.2% Kumho Industrial Co. Ltd., 5.75%, 8/04/09 .......................................................................... 780,000,000 KRW $ 816,359 5.75%, 10/23/09 ......................................................................... 370,000,000 KRW 383,696 Woori Capital Co. Ltd., 5.14%, 5/21/08 .................................................... 730,000,000 KRW 776,821 ------------- 1,976,876 ------------- SWITZERLAND 0.1% b Petroplus Finance Ltd., senior note, 144A, 6.75%, 5/01/14 ................................................................................. 800,000 749,000 ------------- UNITED KINGDOM 0.1% b Ceva Group PLC, senior note, 144A, 10.00%, 9/01/14 ................................................................................. 500,000 516,250 b Ineos Group Holdings PLC, 144A, 8.50%, 2/15/16 ................................................................................. 700,000 626,500 Inmarsat Finance II PLC, senior note, zero cpn. to 11/15/08, 10.375% thereafter, 11/15/12 ............................................... 200,000 195,250 ------------- 1,338,000 ------------- UNITED STATES 4.6% b AES Corp., senior note, 144A, 8.00%, 10/15/17 ............................................. 700,000 719,250 b Allison Transmission Inc., senior note, 144A, 11.00%, 11/01/15 ........................................................................ 700,000 640,500 Aquila Inc., senior note, 9.95%, 2/01/11 .................................................. 100,000 108,100 b Bristow Group Inc., senior note, 144A, 7.50%, 9/15/17 ................................................................................. 900,000 909,000 CCH II LLC, senior note, 10.25%, 9/15/10 .................................................. 800,000 788,000 Chesapeake Energy Corp., senior note, 7.625%, 7/15/13 ......................................................... 50,000 51,875 senior note, 6.25%, 1/15/18 .......................................................... 1,550,000 1,495,750 Copano Energy LLC, senior note, 8.125%, 3/01/16 ................................................................................. 600,000 607,500 Crown Americas Inc., senior note, 7.75%, 11/15/15 ................................................................................ 600,000 621,000 CSC Holdings Inc., senior deb., 7.625%, 7/15/18 ......................................................... 700,000 646,625 senior note, 6.75%, 4/15/12 .......................................................... 100,000 96,125 DaVita Inc., senior sub. note, 7.25%, 3/15/15 ............................................. 200,000 201,500 Dean Foods Inc., senior note, 7.00%, 6/01/16 .............................................. 100,000 89,500 Dex Media Inc., senior disc. note, zero cpn. to 11/15/08, 9.00% thereafter, 11/15/13 .................................................... 200,000 183,000 Dex Media West LLC, senior sub. note, 9.875%, 8/15/13 .............................................................................. 150,000 156,375 b Dollar General Corp., senior note, 144A, 10.625%, 7/15/15 ................................................................................. 600,000 553,500 DRS Technologies Inc., senior sub. note, 6.875%, 11/01/13 ................................................... 600,000 600,000 senior sub. note, 7.625%, 2/01/18 .................................................... 200,000 203,500
18 | Quarterly Statements of Investments Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
----------------------------------------------------------------------------------------------------------------------------------- TEMPLETON INCOME FUND PRINCIPAL AMOUNT d VALUE ----------------------------------------------------------------------------------------------------------------------------------- LONG TERM INVESTMENTS (CONTINUED) CORPORATE BONDS & NOTES (CONTINUED) UNITED STATES (CONTINUED) Dynegy Holdings Inc., senior note, 7.50%, 6/01/15 .......................................................... 500,000 $ 470,000 senior note, 8.375%, 5/01/16 ......................................................... 200,000 196,500 Edison Mission Energy, senior note, 7.00%, 5/15/17 ................................................................................. 600,000 592,500 El Paso Corp., senior note, 6.875%, 6/15/14 ............................................... 600,000 607,334 b Fontainebleau Las Vegas, 144A, 10.25%, 6/15/15 ................................................................................. 500,000 436,250 Ford Motor Credit Co. LLC, senior note, 5.80%, 1/12/09 ....................................................................... 250,000 237,355 9.875%, 8/10/11 ...................................................................... 150,000 141,978 Forest City Enterprises Inc., senior note, 7.625%, 6/01/15 ................................................................................. 150,000 145,500 Freeport-McMoRan Copper & Gold Inc., senior note, 8.375%, 4/01/17 ............................................................ 200,000 215,000 Freescale Semiconductor Inc., senior note, 8.875%, 12/15/14 ........................................................................ 500,000 448,750 Fresenius Medical Care Capital Trust IV, 7.875%, 6/15/11 ................................................................................. 250,000 260,000 GMAC LLC, 7.25%, 3/02/11 ....................................................................... 1,750,000 1,534,978 6.875%, 8/28/12 ...................................................................... 250,000 209,689 Graphic Packaging International Corp., senior note, 8.50%, 8/15/11 .......................................................................... 200,000 199,000 Greenbrier Cos. Inc., senior note, 8.375%, 5/15/15 ................................................................................. 200,000 192,000 b Hawker Beechcraft Acquisition Co., senior note, 144A, 8.50%, 4/01/15 .................................................................... 300,000 300,750 HCA Inc., senior note, 6.50%, 2/15/16 .......................................................... 1,100,000 935,000 senior secured note, 9.125%, 11/15/14 ................................................ 500,000 521,250 Host Marriott LP, senior note, K, 7.125%, 11/01/13 .................................................................. 100,000 101,250 M, 7.00%, 8/15/12 .................................................................... 200,000 201,000 Huntsman International LLC, senior sub. note, 7.875%, 11/15/14 ........................................................................ 250,000 266,250 Iron Mountain Inc., senior sub. note, 8.75%, 7/15/18 ................................................................................. 600,000 633,750 Jarden Corp., senior sub. note, 7.50%, 5/01/17 ................................................................................. 700,000 605,500 Jostens IH Corp., senior sub. note, 7.625%, 10/01/12 ................................................................................ 300,000 303,000 JSG Funding PLC, senior sub. note, 7.75%, 4/01/15 ................................................................................. 300,000 286,500 KB Home, senior note, 6.25%, 6/15/15 ...................................................... 800,000 700,000 Lamar Media Corp., senior sub. note, 7.25%, 1/01/13 ....................................................................... 100,000 100,500 6.625%, 8/15/15 ...................................................................... 500,000 488,750
Quarterly Statements of Investments | 19 Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------------------ TEMPLETON INCOME FUND PRINCIPAL AMOUNT d VALUE ------------------------------------------------------------------------------------------------------------------------------------ LONG TERM INVESTMENTS (CONTINUED) CORPORATE BONDS & NOTES (CONTINUED) UNITED STATES (CONTINUED) Lehman Brothers Holdings Inc., senior note, 6.20%, 9/26/14 ........................................................................ 600,000 $ 611,916 LIN Television Corp., senior sub. note, 6.50%, 5/15/13 ............................................................................... 100,000 94,625 b MacDermid Inc., senior sub. note, 144A, 9.50%, 4/15/17 ............................................................................... 600,000 567,000 Mariner Energy Inc., senior note, 7.50%, 4/15/13 ............................................................................... 200,000 193,500 Markwest Energy Partners LP, senior note, 6.875%, 11/01/14 ...................................................................... 800,000 766,000 MetroPCS Wireless Inc., senior note, 9.25%, 11/01/14 .............................................................................. 800,000 756,000 MGM MIRAGE, senior note, 6.625%, 7/15/15 ..................................................................... 600,000 565,500 7.50%, 6/01/16 ...................................................................... 100,000 99,500 Michaels Stores Inc., senior note, 10.00%, 11/01/14 .............................................................................. 1,600,000 1,528,000 Mirant North America LLC, senior note, 7.375%, 12/31/13 .............................................................................. 200,000 201,500 Nalco Co., senior sub. note, 8.875%, 11/15/13 .............................................................................. 600,000 628,500 b New Page Corp., senior secured note, 144A, 10.00%, 5/01/12 ....................................................................... 900,000 909,000 Nortek Inc., senior sub. note, 8.50%, 9/01/14 ............................................ 600,000 483,000 NRG Energy Inc., senior note, 7.375%, 2/01/16 ............................................ 1,600,000 1,564,000 b Outback Steakhouse Inc., senior note, 144A, 10.00%, 6/15/15 ....................................................................... 800,000 588,000 Owens-Brockway Glass Container Inc., senior note, 6.75%, 12/01/14 ....................................................................... 300,000 300,000 Peabody Energy Corp., senior note, B, 6.875%, 3/15/13 .................................................................. 150,000 151,500 7.375%, 11/01/16 .................................................................... 150,000 154,500 Pinnacle Entertainment Inc., senior sub. note, 8.25%, 3/15/12 ...................................................................... 100,000 101,500 8.75%, 10/01/13 ..................................................................... 100,000 102,250 R.H. Donnelley Corp., senior note, 8.875%, 1/15/16 ..................................................................... 1,600,000 1,504,000 b 144A, 8.875%, 10/15/17 ............................................................. 200,000 186,000 Radio One Inc., senior sub. note, 6.375%, 2/15/13 ............................................................................... 800,000 665,000 RBS Global & Rexnord Corp., senior note, 9.50%, 8/01/14 ........................................................................ 700,000 696,500 Reynolds American Inc., senior secured note, 7.625%, 6/01/16 ....................................................................... 300,000 320,399 Royal Caribbean Cruises Ltd., senior deb., 7.25%, 3/15/18 ........................................................................ 200,000 193,002 RSC Equipment Rental Inc., senior note, 9.50%, 12/01/14 .............................................................................. 800,000 720,000
20 | Quarterly Statements of Investments Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
----------------------------------------------------------------------------------------------------------------------------------- TEMPLETON INCOME FUND PRINCIPAL AMOUNT d VALUE ----------------------------------------------------------------------------------------------------------------------------------- LONG TERM INVESTMENTS (CONTINUED) CORPORATE BONDS & NOTES (CONTINUED) UNITED STATES (CONTINUED) Sanmina-SCI Corp., b,f senior note, 144A, FRN, 7.741%, 6/15/14 ............................................. 400,000 $ 387,500 senior sub. note, 8.125%, 3/01/16 ................................................... 200,000 178,250 Smithfield Foods Inc., senior note, 7.75%, 5/15/13 ...................................................................... 400,000 396,000 7.75%, 7/01/17 ...................................................................... 200,000 194,500 Station Casinos Inc., senior sub. note, 6.875%, 3/01/16 ............................................................................... 1,600,000 1,176,000 SunGard Data Systems Inc., senior note, 9.125%, 8/15/13 ........................................................ 300,000 306,750 senior sub. note, 10.25%, 8/15/15 ................................................... 1,300,000 1,335,750 Tesoro Corp., senior note, 6.50%, 6/01/17 ................................................ 800,000 796,000 b Texas Competitive Electric Holdings Co. LLC, senior note, 144A, 10.25%, 11/01/15 ................................................... 1,000,000 995,000 TransDigm Inc., senior sub. note, 7.75%, 7/15/14 ............................................................................... 300,000 306,000 b TRW Automotive Inc., senior note, 144A, 7.25%, 3/15/17 ............................................................................... 600,000 541,500 United Rentals North America Inc., senior sub. note, 7.75%, 11/15/13 ................................................................. 200,000 174,000 United Surgical Partners International Inc., senior sub. note, PIK, 9.25%, 5/01/17 ................................................. 800,000 784,000 b Univision Communications Inc., senior note, 144A, PIK, 9.75%, 3/15/15 ............................................................. 1,600,000 1,466,000 f U.S. Oncology Holdings Inc., senior note, FRN, 10.759%, 3/15/12 ...................................................................... 600,000 501,000 Vanguard Health Holding Co. II LLC, senior sub. note, 9.00%, 10/01/14 ................................................................. 600,000 580,500 The Williams Cos. Inc., 8.75%, 3/15/32 ...................................................................... 100,000 122,750 senior note, 7.625%, 7/15/19 ........................................................ 600,000 653,250 --------------- 45,546,876 --------------- TOTAL CORPORATE BONDS & NOTES (COST $58,935,229) .................................................................... 57,359,544 --------------- FOREIGN GOVERNMENT AND AGENCY SECURITIES 18.7% ARGENTINA 0.6% f,h Government of Argentina, FRN, 5.389%, 8/03/12 ............................................................................... 10,585,000 5,755,564 --------------- AUSTRALIA 0.5% New South Wales Treasury Corp., 8.00%, 3/01/08 ............................................................................... 4,645,000 AUD 4,075,414 Queensland Treasury Corp., 6.00%, 7/14/09 ................................................ 1,080,000 AUD 931,943 --------------- 5,007,357 ---------------
Quarterly Statements of Investments | 21 Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
----------------------------------------------------------------------------------------------------------------------------------- TEMPLETON INCOME FUND PRINCIPAL AMOUNT d VALUE ----------------------------------------------------------------------------------------------------------------------------------- LONG TERM INVESTMENTS (CONTINUED) FOREIGN GOVERNMENT AND AGENCY SECURITIES (CONTINUED) BRAZIL 4.6% Nota Do Tesouro Nacional, 9.762%, 1/01/12 .................................................................... 24,320 i BRL $ 12,488,465 9.762%, 1/01/14 .................................................................... 5,000 i BRL 2,469,036 9.762%, 1/01/17 .................................................................... 31,425 i BRL 14,886,881 j Index Linked, 6.00%, 5/15/15 ....................................................... 2,600 i BRL 2,260,791 j Index Linked, 6.00%, 5/15/45 ....................................................... 15,735 i BRL 13,675,006 --------------- 45,780,179 --------------- CANADA 0.5% Government of Canada, 10.00%, 6/01/08 ................................................... 4,715,000 CAD 4,859,835 --------------- EL SALVADOR 0.0% e b Government of El Salvador, 144A, 7.65%, 6/15/35 .............................................................................. 100,000 116,000 --------------- INDONESIA 2.8% Government of Indonesia, 13.15%, 3/15/10 .................................................................... 500,000,000 IDR 58,482 15.425%, 9/15/10 ................................................................... 1,550,000,000 IDR 192,631 10.00%, 10/15/11 ................................................................... 3,375,000,000 IDR 370,130 13.15%, 1/15/12 .................................................................... 2,700,000,000 IDR 326,314 11.00%, 12/15/12 ................................................................... 100,000,000 IDR 11,347 14.25%, 6/15/13 .................................................................... 10,805,000,000 IDR 1,380,964 14.275%, 12/15/13 .................................................................. 2,615,000,000 IDR 336,184 11.00%, 10/15/14 ................................................................... 980,000,000 IDR 111,903 9.50%, 6/15/15 ..................................................................... 4,937,000,000 IDR 515,624 10.75%, 5/15/16 .................................................................... 3,050,000,000 IDR 338,704 10.00%, 7/15/17 .................................................................... 4,156,000,000 IDR 444,361 11.50%, 9/15/19 .................................................................... 7,315,000,000 IDR 847,422 11.00%, 11/15/20 ................................................................... 15,000,000,000 IDR 1,661,732 12.80%, 6/15/21 .................................................................... 24,487,000,000 IDR 3,035,984 12.90%, 6/15/22 .................................................................... 10,410,000,000 IDR 1,294,506 10.25%, 7/15/22 .................................................................... 3,500,000,000 IDR 367,980 11.75%, 8/15/23 .................................................................... 20,415,000,000 IDR 2,341,880 10.00%, 9/15/24 .................................................................... 4,000,000,000 IDR 401,933 11.00%, 9/15/25 .................................................................... 34,000,000,000 IDR 3,703,987 12.00%, 9/15/26 .................................................................... 3,350,000,000 IDR 401,251 10.25%, 7/15/27 .................................................................... 95,460,000,000 IDR 9,909,340 9.75%, 5/15/37 ..................................................................... 1,750,000,000 IDR 170,109 --------------- 28,222,768 --------------- IRAQ 0.5% b Government of Iraq, 144A, 5.80%, 1/15/28 ................................................ 7,400,000 4,921,000 --------------- MALAYSIA 1.7% Government of Malaysia, 3.17%, 5/15/08 ..................................................................... 10,130,000 MYR 3,059,444 6.45%, 7/01/08 ..................................................................... 11,655,000 MYR 3,575,608 3.917%, 9/30/08 .................................................................... 300,000 MYR 90,908
22 | Quarterly Statements of Investments Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------- TEMPLETON INCOME FUND PRINCIPAL AMOUNT d VALUE ------------------------------------------------------------------------------------------------------------------------- LONG TERM INVESTMENTS (CONTINUED) FOREIGN GOVERNMENT AND AGENCY SECURITIES (CONTINUED) MALAYSIA (CONTINUED) Government of Malaysia, (continued) 7.00%, 3/15/09 ............................................................ 5,780,000 MYR $ 1,819,502 3.756%, 4/28/11 ........................................................... 25,940,000 MYR 7,887,560 -------------- 16,433,022 -------------- MEXICO 2.4% Government of Mexico, 8.00%, 12/17/15 ........................................................... 350,000 k MXN 3,175,071 10.00%, 12/05/24 .......................................................... 1,920,000 k MXN 20,475,076 -------------- 23,650,147 -------------- NEW ZEALAND 0.1% Government of New Zealand, 6.00%, 4/15/15 ...................................... 830,000 NZD 614,882 -------------- NORWAY 0.5% Government of Norway, 5.50%, 5/15/09 ........................................... 24,800,000 NOK 4,613,188 -------------- PERU 0.5% Government of Peru, 7, 8.60%, 8/12/17 ......................................................... 4,830,000 PEN 1,871,935 7.84%, 8/12/20 ............................................................ 2,190,000 PEN 822,267 7.35%, 7/21/25 ............................................................ 2,340,000 2,686,343 -------------- 5,380,545 -------------- POLAND 0.9% Government of Poland, 5.75%, 6/24/08 ............................................................ 350,000 PLN 141,778 6.00%, 5/24/09 ............................................................ 8,015,000 PLN 3,236,542 6.25%, 10/24/15 ........................................................... 855,000 PLN 351,658 5.75%, 9/23/22 ............................................................ 12,550,000 PLN 5,051,211 -------------- 8,781,189 -------------- SUPRANATIONAL 0.5% l Inter-American Development Bank, senior note, 7.50%, 12/05/24 ............................................................. 60,000,000 MXN 4,880,462 -------------- SWEDEN 2.6% Government of Sweden, 6.50%, 5/05/08 ............................................................ 99,700,000 SEK 15,529,959 5.00%, 1/28/09 ............................................................ 55,150,000 SEK 8,601,548 m Strip, 9/17/08 ............................................................ 11,000,000 SEK 1,652,441 -------------- 25,783,948 -------------- TOTAL FOREIGN GOVERNMENT AND AGENCY SECURITIES (COST $177,683,516) .............................................. 184,800,086 -------------- TOTAL LONG TERM INVESTMENTS (COST $829,815,273) ......................................................... 875,737,861 --------------
Quarterly Statements of Investments | 23 Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED)
------------------------------------------------------------------------------------------------------------------------- TEMPLETON INCOME FUND PRINCIPAL AMOUNT d VALUE ------------------------------------------------------------------------------------------------------------------------- SHORT TERM INVESTMENTS 9.8% FOREIGN GOVERNMENT SECURITIES 4.2% EGYPT 2.9% n Egypt Treasury Bills, 1/01/08 - 9/30/08 ........................................ 156,475,000 EGP $ 29,068,053 -------------- MALAYSIA 1.0% Government of Malaysia, 3.546%, 1/11/08 ........................................................... 830,000 MYR 250,993 3.569%, 2/14/08 ........................................................... 5,490,000 MYR 1,660,115 3.562%, 7/15/08 ........................................................... 1,580,000 MYR 477,810 n Malaysia Treasury Bills, 2/28/08 - 6/17/08 ..................................... 19,410,000 MYR 8,090,310 -------------- 10,479,228 -------------- NORWAY 0.1% n Norway Treasury Bill, 3/19/08 .................................................. 3,800,000 NOK 692,684 -------------- SWEDEN 0.2% n Government of Sweden, Strip, 6/18/08 ........................................... 11,000,000 SEK 1,669,335 -------------- TOTAL FOREIGN GOVERNMENT SECURITIES (COST $40,944,592)........................................................... 41,909,300 -------------- TOTAL INVESTMENTS BEFORE MONEY MARKET FUND (COST $870,759,865) ......................................................... 917,647,161 -------------- ----------------- SHARES ----------------- MONEY MARKET FUND (COST $55,485,371) 5.6% UNITED STATES 5.6% n Franklin Institutional Fiduciary Trust Money Market Portfolio, 4.58% ..................................................... 55,485,371 55,485,371 TOTAL INVESTMENTS (COST $926,245,236) 98.4% ....................................................................... 973,132,532 NET UNREALIZED GAIN ON FORWARD EXCHANGE CONTRACTS 0.4% ..................................................... 3,770,811 OTHER ASSETS, LESS LIABILITIES 1.2% ............................................ 11,724,129 -------------- NET ASSETS 100.0% .............................................................. $ 988,627,472 ==============
See Selected Currency and Portfolio Abbreviations on page 26. 24 | Quarterly Statements of Investments Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) (CONTINUED) -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- a Non-income producing for the twelve months ended December 31, 2007. b Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Fund's Board of Trustees. At December 31, 2007, the aggregate value of these securities was $43,970,602, representing 4.45% of net assets. c A portion or all of the security purchased on a when-issued or delayed delivery basis. d The principal amount is stated in U.S. dollars unless otherwise indicated. e Rounds to less than 0.1% of net assets. f The coupon rate shown represents the rate at period end. g Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. These securities have been deemed liquid under guidelines approved by the Board of Trustees. At December 31, 2007, the aggregate value of these securities was $1,477,003, representing 0.15% of net assets. h The principal amount is stated in original face, and scheduled paydowns are reflected in the market price on ex-date. i Principal amount is stated in 1000 Brazilian Real Units. j Redemption price at maturity is adjusted for inflation. k Principal amount is stated in 100 Mexican Peso Units. l A supranational organization is an entity formed by two or more central governments through international treaties. m The security is traded on a discount basis with no stated coupon rate. n The Franklin Institutional Fiduciary Trust Money Market Portfolio is managed by the Fund's investment manager. The rate shown is the annualized seven-day yield at period end. Quarterly Statements of Investments | See Notes to Statements of Investments. | 25 Templeton Global Investment Trust STATEMENT OF INVESTMENTS, DECEMBER 31, 2007 (UNAUDITED) SELECTED CURRENCY ABBREVIATIONS AUD - Australian Dollar BRL - Brazilian Real CAD - Canadian Dollar EGP - Egyptian Pound EUR - Euro IDR - Indonesian Rupiah KRW - South Korean Won MXN - Mexican Peso MYR - Malaysian Ringgit NOK - Norwegian Krone NZD - New Zealand Dollar PEN - Peruvian Nuevo Sol PLN - Polish Zloty SEK - Swedish Krona SELECTED PORTFOLIO ABBREVIATIONS ADR - American Depository Receipt FHLB - Federal Home Loan Bank FRN - Floating Rate Note GDR - Global Depository Receipt IDR - International Depository Receipt PIK - Payment-In-Kind 26 | See Notes to Statements of Investments. | Quarterly Statements of Investments Templeton Global Investment Trust NOTES TO STATEMENTS OF INVESTMENTS (UNAUDITED) 1. ORGANIZATION Templeton Global Investment Trust (Trust) is registered under the Investment Company Act of 1940, as amended, as a diversified, open-end investment company, consisting of three funds (Funds). 2. SECURITY VALUATION Securities listed on a securities exchange or on the NASDAQ National Market System are valued at the last quoted sale price or the official closing price of the day, respectively. Over-the-counter securities and listed securities for which there is no reported sale are valued within the range of the most recent quoted bid and ask prices. Securities that trade in multiple markets or on multiple exchanges are valued according to the broadest and most representative market. Investments in open-end mutual funds are valued at the closing net asset value. Time deposits are valued at cost. Corporate debt securities and government securities generally trade in the over-the-counter market rather than on a securities exchange. The Funds may utilize independent pricing services, quotations from bond dealers, and information with respect to bond and note transactions, to assist in determining a current market value for each security. The Funds' pricing services may use valuation models or matrix pricing which considers information with respect to comparable bond and note transactions, quotations from bond dealers, or by reference to other securities that are considered comparable in such characteristics as rating, interest rate and maturity date, option adjusted spread models, prepayment projections, interest rate spreads and yield curves, to determine current value. Senior secured corporate loans with floating or variable interest rates generally trade in the over-the-counter market rather than on a securities exchange. The Funds may utilize independent pricing services, quotations from loan dealers and other financial institutions, and information with respect to bond and note transactions, to assist in determining a current market value for each security. The Funds' pricing services use independent market quotations from loan dealers or financial institutions and may incorporate valuation methodologies that consider multiple bond characteristics such as dealer quotes, issuer type, coupon, maturity, weighted average maturity, interest rate spreads and yield curves, cash flow and credit risk/quality analysis, to determine current value. Foreign securities are valued as of the close of trading on the foreign stock exchange on which the security is primarily traded, or the NYSE, whichever is earlier. If no sale is reported at that time, the foreign security will be valued within the range of the most recent quoted bid and ask prices. The value is then converted into its U.S. dollar equivalent at the foreign exchange rate in effect at the close of the NYSE on the day that the value of the foreign security is determined. The Funds have procedures to determine the fair value of individual securities and other assets for which market prices are not readily available or which may not be reliably priced. Methods for valuing these securities may include: fundamental analysis, matrix pricing, discounts from market prices of similar securities, or discounts applied due to the nature and duration of restrictions on the disposition of the securities. Due to the inherent uncertainty of valuations of such securities, Quarterly Statements of Investments | 27 Templeton Global Investment Trust NOTES TO STATEMENTS OF INVESTMENTS (UNAUDITED) (CONTINUED) 2. SECURITY VALUATION (CONTINUED) the fair values may differ significantly from the values that would have been used had a ready market for such investments existed. Occasionally, events occur between the time at which trading in a security is completed and the close of the NYSE that might call into question the availability (including the reliability) of the value of a portfolio security held by the Funds. The investment manager monitors price movements following the close of trading in foreign stock markets through a series of country specific market proxies (such as baskets of American Depository Receipts, futures contracts and exchange traded funds). These price movements are measured against established trigger thresholds for each specific market proxy to assist in determining if an event has occurred. If such an event occurs, the securities may be valued using fair value procedures, which may include the use of independent pricing services. All security valuation procedures are approved by the Funds' Board of Trustees. 3. INCOME TAXES At December 31, 2007, the cost of investments and net unrealized appreciation (depreciation) for income tax purposes were as follows:
----------------------------------------------- TEMPLETON TEMPLETON EMERGING TEMPLETON BRIC MARKETS INCOME FUND SMALL CAP FUND FUND ----------------------------------------------- Cost of investments ............................ $ 732,754,268 $ 117,031,554 $ 927,531,299 =============================================== Unrealized appreciation ........................ $ 209,697,438 $ 13,996,427 $ 77,263,284 Unrealized depreciation ........................ (15,836,186) (5,732,224) (31,662,051) ----------------------------------------------- Net unrealized appreciation (depreciation) ..... $ 193,861,252 $ 8,264,203 $ 45,601,233 ===============================================
4. FORWARD EXCHANGE CONTRACTS At December 31, 2007, Templeton Income Fund had the following forward exchange contracts outstanding:
------------------------------------------------------------ CONTRACT SETTLEMENT UNREALIZED UNREALIZED AMOUNT a DATE GAIN LOSS ------------------------------------------------------------ CONTRACTS TO BUY 49,983,750 Japanese Yen ......... $ 434,774 1/16/08 $ 14,270 $ -- 735,000,000 Korean Won ........... 795,885 1/18/08 -- (9,511) 1,200,000 Singapore Dollar ..... 809,007 1/22/08 24,909 -- 30,250,000 Iceland Krona ........ 469,320 1/28/08 8,892 -- 202,428,000 Japanese Yen ......... 1,767,313 1/28/08 53,756 -- 487,549,000 Kazakstan Tenge ...... 3,950,000 2/06/08 59,911 -- 129,633,000 Kazakstan Tenge ...... 1,050,000 2/07/08 16,026 -- 1,526,000 Norwegian Krone ...... 280,386 2/14/08 66 --
28 | Quarterly Statements of Investments Templeton Global Investment Trust NOTES TO STATEMENTS OF INVESTMENTS (UNAUDITED) (CONTINUED) 4. FORWARD EXCHANGE CONTRACTS (CONTINUED)
------------------------------------------------------------ CONTRACT SETTLEMENT UNREALIZED UNREALIZED AMOUNT a DATE GAIN LOSS ------------------------------------------------------------ CONTRACTS TO BUY (CONTINUED) 800,000 Canadian Dollar ...... $ 734,349 2/19/08 $ 71,133 $ -- 1,350,000 Swedish Krona ........ 213,628 2/21/08 -- (4,736) 7,000,000 Swedish Krona ........ 1,041,450 2/21/08 41,694 -- 1,023,450 Malaysian Ringgit .... 300,000 2/26/08 9,971 -- 30,600,000 Indian Rupee ......... 1,023,857 NZD 2/29/08 -- (5,053) 1,250,000,000 Indonesian Rupiah .... 139,198 2/29/08 -- (6,502) 1,600,000 Canadian Dollar ...... 1,370,919 3/10/08 240,304 -- 3,100,000 Malaysian Ringgit .... 902,475 3/12/08 36,834 -- 45,700,000 Norwegian Krone ...... 7,139,619 3/12/08 974,583 -- 6,050,00 Swedish Krona ........ 873,609 3/12/08 62,590 -- 500,000 Singapore Dollar ..... 336,134 3/25/08 12,607 -- 305,000 Canadian Dollar ...... 286,436 3/28/08 20,748 -- 1,700,000 Norwegian Krone ...... 286,123 3/28/08 25,897 -- 1,480,000 Swedish Krona ........ 216,748 3/28/08 12,276 -- 51,264,586 Swedish Krona ........ 7,702,358 5/07/08 229,494 -- 260,000,000 Korean Won ........... 284,153 5/13/08 -- (4,547) 415,000 Singapore Dollar ..... 279,933 5/13/08 10,232 -- 3,000,000 Malaysian Ringgit .... 903,070 5/15/08 7,421 -- 210,000 Canadian Dollar ...... 213,610 5/16/08 -- (2,146) 300,000 Canadian Dollar ...... 303,644 5/27/08 -- (1,567) 97,360,000 Kazakhstan Tenge ..... 800,000 5/30/08 -- (18,014) 290,640,000 Kazakhstan Tenge ..... 2,400,000 6/02/08 -- (67,210) 550,000,000 Korean Won ........... 601,751 6/25/08 -- (9,484) 465,393,600 Kazakhstan Tenge ..... 3,800,000 7/25/08 -- (104,743) 200,883,600 Japanese Yen ......... 1,800,000 8/20/08 42,444 -- 99,628,200 Japanese Yen ......... 900,000 8/25/08 14,130 -- 11,000,000 Norwegian Krone ...... 1,977,279 9/04/08 28,467 -- 300,000 Swiss Frank .......... 258,929 10/20/08 8,893 -- 115,200,000 Kazakstan Tenge ...... 900,000 11/03/08 -- (2,766) 7,700,000 Swiss Frank .......... 6,967,222 11/06/08 -- (91,064) 48,073,500 Japanese Yen ......... 453,438 11/14/08 -- (9,581) 1,600,000 Norwegian Krone ...... 292,649 11/28/08 -- (2,280) 3,810,000 Euro ................. 14,077,950 RON 12/03/08 -- (67,438) 3,175,000 Euro ................. 11,514,138 RON 12/04/08 30,724 -- 43,460,000 Japanese Yen ......... 406,617 12/05/08 -- (4,726) 172,296,000 Japanese Yen ......... 1,607,389 12/08/08 -- (13,745) 4,723,600 Norwegian Krone ...... 848,912 12/10/08 7,714 -- 5,572,320 Swedish Krona ........ 866,707 12/10/08 -- (7,527) 621,475,200 Kazakstan Tenge ...... 4,800,000 12/12/08 1,218 -- 66,249,000 Kazakstan Tenge ...... 510,000 12/22/08 749 -- CONTRACTS TO SELL 35,375,342 Mexican Peso ......... 141,766,682 INR 1/25/08 357,203 -- 28,187,973 Mexican Peso ......... 112,492,562 INR 2/27/08 274,889 -- 14,526,189 Mexican Peso ......... 57,503,373 INR 2/28/08 129,864 -- 67,339,308 Mexican Peso ......... 13,156,754,060 COP 4/22/08 297,434 --
Quarterly Statements of Investments | 29 Templeton Global Investment Trust NOTES TO STATEMENTS OF INVESTMENTS (UNAUDITED) (CONTINUED) 4. FORWARD EXCHANGE CONTRACTS (CONTINUED)
------------------------------------------------------------ CONTRACT SETTLEMENT UNREALIZED UNREALIZED AMOUNT a DATE GAIN LOSS ------------------------------------------------------------ CONTRACTS TO SELL (CONTINUED) 730,724 Euro ................. $ 6,701,832 SEK 5/02/08 $ -- $ (30,006) 35,561,821 Mexican Peso ......... 6,708,026,225 COP 5/06/08 37,681 -- 35,235,411 Mexican Peso ......... 6,678,813 BRL 5/07/08 487,937 -- 35,274,253 Mexican Peso ......... 6,723,003 BRL 5/08/08 508,507 -- 8,607,263 Mexican Peso ......... 399,445,859 CLP 5/16/08 19,727 -- 6,018,330 Mexican Peso ......... 276,068,009 CLP 5/20/08 7,483 -- 4,933,350 Mexican Peso ......... 226,317,439 CLP 6/12/08 6,902 -- 21,722,556 Mexican Peso ......... 239,537,753 KZT 6/25/08 -- (48,025) 19,713,602 Mexican Peso ......... 3,539,182,947 COP 6/27/08 -- (70,584) 17,305,206 Mexican Peso ......... 4,898,239 PEN 6/30/08 83,685 -- 1,809,177 Mexican Peso ......... 82,263,271 CLP 9/15/08 2,314 -- 21,600,000 Romanian New Leu ..... 47,904,192 NOK 11/17/08 78,818 -- 321,300 Euro ................. 50,424,179 JPY 12/08/08 -- (1,175) 17,599,750 Romanian New Leu ..... 45,428,827 SEK 12/15/08 -- (7,156) ------------------------ UNREALIZED GAIN (LOSS) ON FORWARD EXCHANGE CONTRACTS .............. $4,360,397 $ (589,586) ------------------------ NET UNREALIZED GAIN (LOSS) ON FORWARD EXCHANGE CONTRACTS ........ $3,770,811 ==========
a In U.S. Dollar unless otherwise indicated. CURRENCY ABBREVIATIONS BRL - Brazilian Real CLP - Chilean Peso COP - Colombian Peso INR - Indian Rupee JPY - Japanese Yen KZT - Kazakhstan Tenge NOK - Norwegian Krone NZD - New Zealand Dollar PEN - Peruvian Nuevo Sol RON - Romanian New Leu SEK - Swedish Krona For information on the Funds' policy regarding other significant accounting policies, please refer to the Funds' most recent semiannual or annual shareholder report. 30 | Quarterly Statements of Investments Item 2. Controls and Procedures. (a) Evaluation of Disclosure Controls and Procedures. The Registrant maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in the Registrant's filings under the Securities Exchange Act of 1934 and the Investment Company Act of 1940 is recorded, processed, summarized and reported within the periods specified in the rules and forms of the Securities and Exchange Commission. Such information is accumulated and communicated to the Registrant's management, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. The Registrant's management, including the principal executive officer and the principal financial officer, recognizes that any set of controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. Within 90 days prior to the filing date of this Quarterly Schedule of Portfolio Holdings on Form N-Q, the Registrant had carried out an evaluation, under the supervision and with the participation of the Registrant's management, including the Registrant's principal executive officer and the Registrant's principal financial officer, of the effectiveness of the design and operation of the Registrant's disclosure controls and procedures. Based on such evaluation, the Registrant's principal executive officer and principal financial officer concluded that the Registrant's disclosure controls and procedures are effective. (b) Changes in Internal Controls. There have been no significant changes in the Registrant's internal controls or in other factors that could significantly affect the internal controls subsequent to the date of their evaluation in connection with the preparation of this Quarterly Schedule of Portfolio Holdings on Form N-Q. Item 3. Exhibits. (A) Certification pursuant to Section 30a-2 under the Investment Company Act of 1940 of Galen G. Vetter, Chief Executive Officer - Finance and Administration, and Laura Fergerson, Chief Financial Officer and Chief Accounting Officer. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Templeton Global Investment Trust By /s/GALEN G. VETTER ----------------------------------- Galen G. Vetter Chief Executive Officer - Finance and Administration Date February 27, 2008 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By /s/GALEN G. VETTER ----------------------------------- Galen G. Vetter Chief Executive Officer - Finance and Administration Date February 27, 2008 By /s/LAURA FERGERSON ----------------------------------- Laura Fergerson Chief Financial Officer and Chief Accounting Officer Date February 27, 2008