N-Q 1 tgit-nq1209.txt NQ TGIT 12/09 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: 12/31/09 ---------- ITEM 1. SCHEDULE OF INVESTMENTS. Templeton Global Investment Trust TEMPLETON BRIC FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED)
INDUSTRY SHARES VALUE -------------------------------------- -------------- -------------- COMMON STOCKS 76.8% BRAZIL 10.9% AES Tiete SA Independent Power Producers & Energy Traders 320,277 $ 3,160,508 American Banknote SA Commercial Services & Supplies 188,123 2,039,888 Companhia de Bebidas das Americas (AmBev) Beverages 215,685 18,252,173 Companhia Energetica de Minas Gerais Electric Utilities 61,685 863,519 (a) Construtora Tenda SA Household Durables 1,987,238 6,270,688 Gafisa SA Household Durables 237,313 3,844,934 Itau Unibanco Holding SA, ADR Commercial Banks 1,765,825 40,331,443 Localiza Rent a Car SA Road & Rail 356,915 3,956,166 Tele Norte Leste Participacoes SA Diversified Telecommunication Services 115,305 2,957,047 Wilson Sons Ltd., BDR Transportation Infrastructure 39,054 481,285 -------------- 82,157,651 -------------- CHINA 29.6% Bank of China Ltd., H Commercial Banks 10,677,000 5,783,484 Beijing Capital Land Ltd., H Real Estate Management & Development 6,746,000 3,045,127 China Coal Energy Co., H Oil, Gas & Consumable Fuels 5,705,000 10,477,475 China Construction Bank Corp., H Commercial Banks 18,620,000 16,017,566 China Life Insurance Co. Ltd., H Insurance 2,845,000 14,071,443 China Mobile Ltd. Wireless Telecommunication Services 589,000 5,533,958 China Petroleum and Chemical Corp., H Oil, Gas & Consumable Fuels 20,542,000 18,306,772 China Shenhua Energy Co. Ltd., H Oil, Gas & Consumable Fuels 703,000 3,445,323 China Shipping Development Co. Ltd., H Marine 3,730,000 5,609,167 China Vanke Co. Ltd., B Real Estate Management & Development 1,400,000 1,756,839 CNOOC Ltd. Oil, Gas & Consumable Fuels 5,042,000 7,933,296 (a) Hidili Industry International Development Ltd. Metals & Mining 9,490,000 11,957,814 Huaxin Cement Co. Ltd., B Construction Materials 151,428 339,502 Industrial and Commercial Bank of China Ltd., H Commercial Banks 27,532,000 22,867,287 Lonking Holdings Ltd. Machinery 3,494,000 2,428,861 PetroChina Co. Ltd., H Oil, Gas & Consumable Fuels 28,304,000 34,021,600 Sinotrans Ltd., H Air Freight & Logistics 12,780,000 3,362,421 Soho China Ltd. Real Estate Management & Development 34,391,500 18,629,080 Yanzhou Coal Mining Co. Ltd., H Oil, Gas & Consumable Fuels 16,908,581 37,421,005 -------------- 223,008,020 -------------- INDIA 17.0% Federal Bank Ltd. Commercial Banks 498,688 2,533,197 Grasim Industries Ltd. Construction Materials 249,200 13,304,090 Hindalco Industries Ltd. Metals & Mining 5,424,979 18,790,463 ICICI Bank Ltd. Commercial Banks 340,071 6,416,724 Infosys Technologies Ltd. IT Services 266,400 14,954,505 Karnataka Bank Ltd. Commercial Banks 643,962 1,792,715 Maharashtra Seamless Ltd. Metals & Mining 1,000,544 7,764,403 Peninsula Land Ltd. Real Estate Management & Development 2,889,531 4,803,433 Reliance Industries Ltd. Oil, Gas & Consumable Fuels 282,400 6,628,885 Sesa Goa Ltd. Metals & Mining 741,000 6,556,597 Steel Authority of India Ltd. Metals & Mining 4,156,551 21,552,984 Tata Chemicals Ltd. Chemicals 534,661 3,711,868 Tata Consultancy Services Ltd. IT Services 476,500 7,697,821 Tata Steel Ltd. Metals & Mining 846,000 11,258,125 -------------- 127,765,810 -------------- KAZAKHSTAN 1.3% KazMuniGas Exploration Production, GDR Oil, Gas & Consumable Fuels 394,786 9,869,650 -------------- RUSSIA 18.0% (a) Acron JSC Chemicals 5,200 147,525 Gazprom, ADR Oil, Gas & Consumable Fuels 1,258,223 31,518,486 LUKOIL Holdings, ADR Oil, Gas & Consumable Fuels 83,250 4,695,300 LUKOIL Holdings, ADR (London Exchange) Oil, Gas & Consumable Fuels 357,600 20,490,480 (a) Mining and Metallurgical Co. Norilsk Nickel, ADR Metals & Mining 1,295,066 18,584,197 Mobile TeleSystems Wireless Telecommunication Services 676,100 4,944,484 OAO TMK Energy Equipment & Services 596,435 2,536,376 (a) OAO TMK, GDR Energy Equipment & Services 880,267 15,378,264 (a,b) Raspadskaya Metals & Mining 315,135 1,522,994
Quarterly Statement of Investments See Notes to Statements of Investments Templeton Global Investment Trust TEMPLETON BRIC FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) Rosneft Oil Co. Oil, Gas & Consumable Fuels 962,000 $ 7,998,816 Rosneft Oil Co., GDR Oil, Gas & Consumable Fuels 165,200 1,417,416 (a) RusHydro Electric Utilities 35,981,825 1,350,795 (a) RusHydro, ADR Electric Utilities 1,096,884 4,201,066 Sberbank RF Commercial Banks 2,296,150 6,449,885 TNK-BP Oil, Gas & Consumable Fuels 2,369,000 4,086,525 (a,c) Uralkali, GDR, Reg S Chemicals 314,400 6,636,984 Vsmpo-Avisma Corp. Metals & Mining 46,781 3,242,362 -------------- 135,201,955 -------------- TOTAL COMMON STOCKS (COST $498,981,518) 578,003,086 -------------- PREFERRED STOCKS 22.3% BRAZIL 22.3% Banco Bradesco SA, ADR, pfd. Commercial Banks 1,352,200 29,572,614 Itausa - Investimentos Itau SA, pfd. Commercial Banks 2,719,899 18,491,568 Petroleo Brasileiro SA, ADR, pfd. Oil, Gas & Consumable Fuels 1,371,700 58,146,363 Usinas Siderurgicas de Minas Gerais SA, pfd., A Metals & Mining 352,267 9,981,909 Vale SA, ADR, pfd., A Metals & Mining 2,078,450 51,587,129 -------------- TOTAL PREFERRED STOCKS (COST $109,851,878) 167,779,583 -------------- TOTAL INVESTMENTS BEFORE SHORT TERM INVESTMENTS (COST $608,833,396) 745,782,669 -------------- SHORT TERM INVESTMENTS (COST $8,442,948) 1.1% MONEY MARKET FUNDS 1.1% UNITED STATES 1.1% (d) Institutional Fiduciary Trust Money Market Portfolio, 0.00% 8,442,948 8,442,948 -------------- TOTAL INVESTMENTS (COST $617,276,344) 100.2% 754,225,617 OTHER ASSETS, LESS LIABILITIES (0.2)% (1,673,426) -------------- NET ASSETS 100.0% $ 752,552,191 ==============
(a) Non-income producing. (b) A portion or all of the security purchased on a delayed delivery basis. (c) Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. This security has been deemed liquid under guidelines approved by the Trust's Board of Trustees. At December 31, 2009, the value of this security was $6,636,984, representing 0.88% of net assets. (d) The Institutional Fiduciary Trust Money Market Portfolio is managed by an affiliate of the Fund's investment manager. The rate shown is the annualized seven-day yield at period end. Templeton Global Investment Trust TEMPLETON BRIC FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) ABBREVIATIONS SELECTED PORTFOLIO ADR American Depository Receipt BDR Brazilian Depository Receipt GDR Global Depository Receipt Templeton Global Investment Trust TEMPLETON EMERGING MARKETS SMALL CAP FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED)
SHARES/ INDUSTRY WARRANTS VALUE -------------------------------------- -------------- -------------- COMMON STOCKS AND OTHER EQUITY INTERESTS 91.3% CHINA 8.2% Anhui Tianda Oil Pipe Co. Ltd., H Energy Equipment & Services 5,033,000 $ 2,661,349 (a) Chongqing Machinery and Electric Co. Ltd., H Industrial Conglomerates 13,430,000 3,187,020 (a) Hongguo International Holdings Ltd. Textiles, Apparel & Luxury Goods 4,592,000 1,045,493 Jiangling Motors Corp. Ltd., B Automobiles 644,600 1,104,026 Shanghai Prime Machinery Co. Ltd., H Machinery 5,496,000 1,049,058 Win Hanverky Holdings Ltd. Textiles, Apparel & Luxury Goods 23,078,000 3,452,607 Yorkey Optical International Cayman Ltd. Leisure Equipment & Products 6,590,000 1,351,368 -------------- 13,850,921 -------------- CZECH REPUBLIC 1.0% Pegas Nonwovens SA Textiles, Apparel & Luxury Goods 71,073 1,709,931 -------------- EGYPT 3.3% Eastern Tobacco Tobacco 116,291 2,417,521 Egyptian International Pharmaceutical Industries Co. Pharmaceuticals 523,094 3,147,291 -------------- 5,564,812 -------------- GHANA 0.6% Ecobank Transnational Inc. Commercial Banks 9,250,680 928,162 -------------- HONG KONG 11.3% Chaoda Modern Agriculture (Holdings) Ltd. Food Products 4,144,000 4,435,973 (a) I.T Ltd. Specialty Retail 28,240,000 5,499,619 (a) Victory City International Holdings Ltd. Textiles, Apparel & Luxury Goods 19,658,000 3,955,077 Water Oasis Group Ltd. Specialty Retail 4,858,000 1,835,761 (a) Xiwang Sugar Holdings Co. Ltd. Food Products 9,220,030 3,246,280 -------------- 18,972,710 -------------- HUNGARY 1.1% (a) Ablon Group Ltd. Real Estate Management & 754,022 779,478 Development Egis Nyrt Pharmaceuticals 10,782 1,072,952 -------------- 1,852,430 -------------- INDIA 10.1% ABG Shipyard Ltd. Machinery 274,167 1,250,913 Apollo Tyres Ltd. Auto Components 1,323,411 1,391,563 Bharati Shipyard Ltd. Machinery 297,111 1,479,793 Federal Bank Ltd. Commercial Banks 263,209 1,337,029 (a) Hirco PLC Real Estate Management & 926,835 2,238,120 Development JK Cements Ltd. Construction Materials 1,196,584 3,828,760 Maharashtra Seamless Ltd. Metals & Mining 695,837 5,399,821 -------------- 16,925,999 -------------- IRELAND 1.0% (a) Dragon Oil PLC Oil, Gas & Consumable Fuels 255,793 1,606,197 -------------- ISRAEL 0.4% (a) Taro Pharmaceutical Industries Ltd. Pharmaceuticals 85,100 755,688 -------------- KAZAKHSTAN 2.0% (a,b) KazakhGold Group Ltd., GDR, Reg S Metals & Mining 57,700 447,175 (a,b) Zhaikmunai LP, GDR, Reg S Oil, Gas & Consumable Fuels 348,173 2,994,288 -------------- 3,441,463 -------------- KENYA 0.8% Safaricom Ltd. Wireless Telecommunication Services 23,607,700 1,416,151 -------------- LATVIA 1.1% (a) Grindeks Pharmaceuticals 244,933 1,877,828 -------------- MALAYSIA 2.9% KNM Group Berhad Energy Equipment & Services 19,578,200 4,402,808 Lion Industries Corp. Bhd. Metals & Mining 52,000 20,806 Media Prima Bhd Media 851,900 415,500
Quarterly Statement of Investments See Notes to Statements of Investments Templeton Global Investment Trust TEMPLETON EMERGING MARKETS SMALL CAP FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) (a) Media Prima Bhd, wts., 2/20/49 Media 24,339 $ 7,109 -------------- 4,846,223 -------------- NIGERIA 3.1% Access Bank Nigeria PLC Commercial Banks 18,243,263 927,417 Nigerian Breweries PLC Beverages 4,075,960 1,444,989 UAC of Nigeria PLC Industrial Conglomerates 2,637,788 648,419 (a) United Bank for Africa PLC Commercial Banks 30,594,456 2,210,168 -------------- 5,230,993 -------------- PHILIPPINES 0.9% Pepsi-Cola Products Philippines Inc. Beverages 29,830,000 1,501,123 -------------- POLAND 0.7% (a) AmRest Holdings NV Hotels, Restaurants & Leisure 39,858 1,139,634 -------------- REPUBLIC OF SERBIA 1.6% (a) AIK Banka. Commercial Banks 70,642 2,606,373 -------------- ROMANIA 1.7% (a,c) Impact Developer & Contractor SA Real Estate Management & 12,171,000 2,898,151 -------------- Development RUSSIA 9.8% (a) Acron JSC Chemicals 10,120 287,106 (a,b) Acron JSC, GDR, Reg S Chemicals 690,000 1,932,000 Belon OJSC Metals & Mining 1,723,433 1,081,356 (a,b) Cherkizovo Group OJSC, GDR, Reg S Food Products 75,280 790,440 (a) Efes Breweries International BV, GDR Beverages 86,100 1,123,605 (a) OAO TMK, GDR Energy Equipment & Services 45,900 801,873 (a) OGK-4 Independent Power Producers & 44,837,484 2,396,184 Energy Traders (a) Synergy Co. Beverages 148,594 3,882,312 (a) Veropharm Pharmaceuticals 150,058 4,252,225 -------------- 16,547,101 -------------- SOUTH AFRICA 2.1% Barloworld Ltd. Industrial Conglomerates 334,000 2,032,848 Woolworths Holdings Ltd. Multiline Retail 609,000 1,467,024 -------------- 3,499,872 -------------- SOUTH KOREA 8.0% CJ Internet Corp. Media 316,040 3,740,198 HNK Machine Tool Co., Ltd. Machinery 95,128 3,377,398 Intelligent Digital Integrated Security Co. Ltd. Household Durables 98,347 1,155,461 Steel Flower Co. Ltd. Metals & Mining 64,961 768,786 (a) Youngone Corp. Textiles, Apparel & Luxury Goods 434,804 4,362,675 -------------- 13,404,518 -------------- THAILAND 1.4% Delta Electronics (Thailand) Public Co. Ltd., fgn. Electronic Equipment, Instruments & 1,576,800 879,151 Components Supalai Public Co. Ltd., fgn. Real Estate Management & 7,761,000 1,407,496 Development -------------- 2,286,647 -------------- TURKEY 12.7% Akcansa Cimento AS Construction Materials 311,000 1,382,268 (a) Gubre Fabrikalari TAS Chemicals 572,010 3,058,468 Pinar Sut Mamulleri Sanayii AS Food Products 1,098,286 5,542,080 Selcuk Ecza Deposu Pharmaceuticals 1,269,255 2,103,831 (a) Soda Sanayii AS Chemicals 789,700 860,320 Tofas Turk Otomobil Fabrikasi AS Automobiles 986,400 3,111,755 (a) Trakya Cam Sanayii AS Building Products 2,599,027 3,230,979 (a) Turkiye Vakiflar Bankasi T.A.O., D Commercial Banks 726,000 2,067,077 -------------- 21,356,778 -------------- UKRAINE 0.5% (a,d) Kernel Holding SA, 144A Food Products 56,000 816,207 --------------
Templeton Global Investment Trust TEMPLETON EMERGING MARKETS SMALL CAP FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) UNITED ARAB EMIRATES 0.4% (a) Aramex Co. Air Freight & Logistics 1,682,327 $ 719,109 -------------- UNITED STATES 2.8% (a) China Security & Surveillance Technology Inc. Electronic Equipment, Instruments & 232,100 1,773,244 Components (a) CTC Media Inc. Media 192,858 2,873,584 -------------- 4,646,828 -------------- VIETNAM 1.8% DHG Pharmaceutical JSC Pharmaceuticals 120,980 746,547 Dry Cell Storage Battery JSC Electrical Equipment 50,737 203,234 Imexpharm Pharmaceutical JSC Pharmaceuticals 173,100 791,759 Vietnam Container Shipping JSC Marine 311,612 1,366,275 -------------- 3,107,815 -------------- TOTAL COMMON STOCKS AND OTHER EQUITY INTERESTS (COST $121,561,524) 153,509,664 -------------- PREFERRED STOCKS 2.8% BRAZIL 0.8% Marcopolo SA, pfd. Machinery 344,163 1,332,817 -------------- CHILE 0.8% Embotelladora Andina SA, pfd., A Beverages 502,000 1,414,642 -------------- CROATIA 1.2% Adris Grupa d.d., pfd. Tobacco 39,041 1,984,012 -------------- TOTAL PREFERRED STOCKS (COST $4,175,686) 4,731,471 -------------- TOTAL INVESTMENTS BEFORE SHORT TERM INVESTMENTS (COST $125,737,210) 158,241,135 -------------- SHORT TERM INVESTMENTS (COST $9,769,779) 5.8% MONEY MARKET FUNDS 5.8% UNITED STATES 5.8% (e) Institutional Fiduciary Trust Money Market Portfolio, 0.00% 9,769,779 9,769,779 -------------- TOTAL INVESTMENTS (COST $135,506,989) 99.9% 168,010,914 OTHER ASSETS, LESS LIABILITIES 0.1% 187,007 -------------- NET ASSETS 100.0% $ 168,197,921 ==============
SELECTED PORTFOLIO GDR Global Depository Receipt (a) Non-income producing. (b) Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. These securities have been deemed liquid under guidelines approved by the Trust's Board of Trustees. At December 31, 2009, the aggregate value of these securities was $6,163,903, representing 3.66% of net assets. (c) See Note 5 regarding holdings of 5% voting securities. (d) Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. This security has been deemed liquid under guidelines approved by the Trust's Board of Trustees. At December 31, 2009, the value of this security was $816,207, representing 0.49% of net assets. (e) The 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. Templeton Global Investment Trust Templeton Frontier Markets Fund STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED)
INDUSTRY SHARES VALUE -------------------------------------- -------------- -------------- COMMON STOCKS 87.8% ARGENTINA 1.2% (a) Telecom Argentina SA, B, ADR Diversified Telecommunication Services 13,940 $ 234,471 -------------- CAMBODIA 1.0% NagaCorp Ltd. Hotels, Restaurants & Leisure 1,737,611 192,727 -------------- CHILE 0.8% Banco Santander Chile SA, ADR Commercial Banks 1,400 90,692 Lan Airlines SA, ADR Airlines 3,700 61,679 -------------- 152,371 -------------- CROATIA 0.6% Hrvatske Telekomunikacije dd, GDR Diversified Telecommunication Services 2,100 113,106 -------------- CYPRUS 2.0% (a,b) Sintal Agriculture Ltd., GDR, Reg S Food Products 125,769 378,067 -------------- EGYPT 6.7% Alexandria Mineral Oils Co. Chemicals 5,060 34,550 Commercial International Bank Ltd. Commercial Banks 16,000 159,132 Delta Sugar Co. Food Products 16,221 54,151 Eastern Tobacco Tobacco 7,200 149,678 Egyptian International Pharmaceutical Industries Co. Pharmaceuticals 19,361 116,489 El Ezz Aldekhela Steel Alexa Co. Metals & Mining 220 29,690 Maridive & Oil Services SAE Energy Equipment & Services 12,350 48,783 National Society General Bank Commercial Banks 21,431 116,987 (b) Orascom Telecom Holding SAE, GDR, Reg S Wireless Telecommunication Services 5,800 132,646 Paints & Chemical Industries Co. SAE Chemicals 27,004 201,862 Diversified Telecommunication Telecom Egypt Services 71,250 237,597 -------------- 1,281,565 -------------- GEORGIA 0.7% (a,b) Bank of Georgia JSC, GDR, Reg S Diversified Financial Services 15,900 131,175 -------------- INDONESIA 3.0% PT Astra International Tbk Automobiles 12,000 44,180 PT Bank Danamon Indonesia Tbk Commercial Banks 191,000 92,207 PT Gudang Garam Tbk Tobacco 81,500 186,348 (a) PT Panin Life Tbk Insurance 4,229,000 62,818 PT Semen Gresik (Persero) Tbk Construction Materials 99,000 79,305 Diversified Telecommunication PT Telekomunikasi Indonesia, B Services 104,000 104,276 -------------- 569,134 -------------- IRELAND 0.8% Dragon Oil PLC Oil, Gas & Consumable Fuels 24,340 152,838 -------------- JORDAN 3.4% Arab Bank PLC Commercial Banks 27,375 469,949 Arab Potash Co. Ltd. Chemicals 3,469 177,481 -------------- 647,430 -------------- KAZAKHSTAN 2.0% KazMuniGas Exploration Production, GDR Oil, Gas & Consumable Fuels 15,350 383,750 -------------- KENYA 7.3% British American Tobacco Kenya Ltd. Corp. Tobacco 163,100 382,753 East African Breweries Ltd. Beverages 252,200 485,448 Equity Bank Ltd. Commercial Banks 598,800 113,286
Quarterly Statement of Investments See Notes to Statements of Investments Templeton Global Investment Trust Templeton Frontier Markets Fund STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) Safaricom Ltd. Wireless Telecommunication Services 6,901,500 $ 413,999 -------------- 1,395,486 -------------- KUWAIT 2.7% Kout Food Group Hotels, Restaurants & Leisure 200,000 203,740 National Mobile Telecommunications Co. Wireless Telecommunication Services 57,500 308,397 -------------- 512,137 -------------- LATVIA 2.0% (a) Grindeks Pharmaceuticals 48,770 373,905 -------------- LEBANON 0.5% (b) Banque Audi sal, GDR, Reg S Commercial Banks 600 53,820 Blom Bank Sal, GDR Commercial Banks 500 44,500 -------------- 98,320 -------------- LITHUANIA 1.3% (a) Rokiskio Suris AB Food Products 115,100 143,168 Diversified Telecommunication Teo LT AB Services 140,218 106,391 -------------- 249,559 -------------- MALAWI 1.2% (b) Press Corp. Ltd., GDR, Reg S Capital Markets 9,650 222,325 -------------- MAURITIUS 1.3% Mauritius Commercial Bank Commercial Banks 42,973 198,228 New Mauritius Hotels Ltd. Hotels, Restaurants & Leisure 12,960 57,220 -------------- 255,448 -------------- NETHERLANDS 1.7% (a) Vimetco NV, GDR Metals & Mining 138,000 331,200 -------------- NIGERIA 11.2% Dangote Sugar Refinery PLC Food Products 1,612,590 165,034 Guinness Nigeria PLC Beverages 276,036 236,763 Nestle Foods Nigeria PLC Food Products 177,503 296,828 Nigerian Breweries PLC Beverages 916,916 325,060 Oando PLC Oil, Gas & Consumable Fuels 452,498 284,484 UAC of Nigeria PLC Industrial Conglomerates 1,378,085 338,760 (a) United Bank for Africa PLC Commercial Banks 6,856,983 495,354 -------------- 2,142,283 -------------- OMAN 1.0% Bank Muscat SAOG Commercial Banks 85,802 182,752 -------------- PAKISTAN 1.1% Fauji Fertilizer Co. Ltd. Chemicals 16,500 20,031 Indus Motor Co. Ltd. Automobiles 47,750 110,945 Diversified Telecommunication Pakistan Telecommunications Corp., A Services 418,200 87,009 -------------- 217,985 -------------- PANAMA 3.2% Banco Latinoamericano de Comercio Exterior SA Commercial Banks 13,170 183,063 Copa Holdings SA Airlines 7,900 430,313 -------------- 613,376 -------------- PERU 2.5% Credicorp Ltd. Commercial Banks 6,100 469,822 -------------- PHILIPPINES 3.0% Globe Telecom Inc. Wireless Telecommunication Services 5,560 109,406 Manila Water Co. Inc. Water Utilities 232,000 78,581 Pepsi-Cola Products Philippines Inc. Beverages 7,005,000 352,510
Templeton Global Investment Trust Templeton Frontier Markets Fund STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) Universal Robina Corp. Food Products 124,900 $ 43,648 -------------- 584,145 -------------- QATAR 5.6% Commercial Bank of Qatar Commercial Banks 14,525 245,291 Doha Bank QSC Commercial Banks 11,111 143,092 Qatar Electricity & Water Co. Multi-Utilities 6,427 176,481 Qatar National Bank Commercial Banks 9,427 383,888 Diversified Telecommunication Qatar Telecom QSC (Q-Tel) Services 3,020 120,079 -------------- 1,068,831 -------------- ROMANIA 1.9% BRD-Groupe Societe Generale Commercial Banks 38,280 168,082 (a) SNP Petrom SA Oil, Gas & Consumable Fuels 2,421,300 203,635 -------------- 371,717 -------------- SOUTH AFRICA 4.6% (a) Africa Cellular Towers Ltd. Metals & Mining 476,414 40,505 MTN Group Ltd. Wireless Telecommunication Services 53,400 849,644 -------------- 890,149 -------------- TUNISIA 0.2% Poulina Group Holding Diversified Financial Services 8,693 46,004 -------------- UNITED ARAB EMIRATES 2.8% Air Arabia Airlines 145,050 36,332 (a) Aramex Co. Air Freight & Logistics 179,674 76,802 DP World Ltd. Transportation Infrastructure 387,901 166,797 Real Estate Management & (a) Emaar Properties PJSC Development 49,142 51,645 First Gulf Bank Commercial Banks 32,349 142,239 National Bank of Abu Dhabi Commercial Banks 11,470 38,723 Union National Bank Commercial Banks 32,242 28,090 -------------- 540,628 -------------- UNITED KINGDOM 4.1% (a) Gem Diamonds Ltd. Metals & Mining 78,980 293,034 PZ Cussons PLC Household Products 112,000 489,175 -------------- 782,209 -------------- VIETNAM 4.7% (a) Bentre Aqua Product Import & Export JSC Food Products 22,400 63,051 Cat Loi JSC Tobacco 48,000 65,476 (a) Dong Phu Rubber JSC Chemicals 15,300 48,035 Dry Cell Storage Battery JSC Electrical Equipment 7,312 29,289 Gemadept Corp. Transportation Infrastructure 12,800 54,043 Hoa An JSC Construction Materials 86,420 205,829 Hoa Binh Rubber JSC Chemicals 4,490 9,090 Imexpharm Pharmaceutical JSC Pharmaceuticals 6,900 31,561 North Kinhdo Food JSC Food Products 1,680 3,501 OPC Pharmaceutical JSC Pharmaceuticals 7,350 22,678 Petrovietnam Fertilizer and Chemical JSC Chemicals 3,180 5,853 Tan Tien Plastic Packaging JSC Containers & Packaging 13,680 31,101 Tay Ninh Rubber JSC Chemicals 15,040 47,219 Vietnam Container Shipping JSC Marine 26,000 113,998 Vietnam Dairy Products Co. Food Products 35,200 142,903 Vietnam Superintendence & Inspection JSC Pharmaceuticals 13,600 17,668 -------------- 891,295 -------------- ZAMBIA 1.5% Celtel Zambia Ltd. Wireless Telecommunication Services 1,626,190 174,497 (a) Zambeef Products PLC Food Products 170,110 113,627 -------------- 288,124 --------------
Templeton Global Investment Trust Templeton Frontier Markets Fund STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) ZIMBABWE 0.2% (a,c) Delta Corp. Ltd. Beverages 60,240 $ 30,120 -------------- TOTAL COMMON STOCKS (COST $13,803,627) 16,794,454 -------------- PREFERRED STOCKS (COST $29,904) 0.2% CROATIA 0.2% Adris Grupa d.d., pfd. Tobacco 881 44,771 --------------
PRINCIPAL (e) AMOUNT -------------- CONVERTIBLE BONDS (COST $752) 0.0%(d) OMAN 0.0%(d) Bank Muscat SAOG., cvt., 7.00%, 3/20/14 Commercial Banks 289 OMR 681 -------------- TOTAL INVESTMENTS BEFORE SHORT TERM INVESTMENTS (COST $13,834,283) 16,839,906 --------------
SHARES -------------- SHORT TERM INVESTMENTS (COST $3,962,819) 20.7% MONEY MARKET FUNDS 20.7% UNITED STATES 20.7% (f) Institutional Fiduciary Trust Money Market Portfolio, 0.00% 3,962,819 3,962,819 -------------- TOTAL INVESTMENTS (COST $17,797,102) 108.7% 20,802,725 OTHER ASSETS, LESS LIABILITIES (8.7)% (1,666,657) -------------- NET ASSETS 100.0% $ 19,136,068 ==============
(a) Non-income producing. (b) Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. These securities have been deemed liquid under guidelines approved by the Trust's Board of Trustees. At December 31, 2009, the aggregate value of these securities was $918,033, representing 4.80% of net assets. (c) Security purchased on a delayed delivery basis. (d) Rounds to less than 0.1% of net assets. (e) The principal amount is stated in U.S. dollars unless otherwise indicated. (f) The Institutional Fiduciary Trust Money Market Portfolio is managed by an affiliate of the Fund's investment manager. The rate shown is the annualized seven-day yield at period end. Templeton Global Investment Trust Templeton Frontier Markets Fund STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) CURRENCY ABBREVIATIONS OMR Omani Rial PORTFOLIO ABBREVIATIONS ADR American Depository Receipt GDR Global Depository Receipt SDR Swedish Depository Receipt Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED)
INDUSTRY SHARES VALUE -------------------------------------- -------------- -------------- COMMON STOCKS 45.1% AUSTRALIA 1.6% Billabong International Ltd. Textiles, Apparel & Luxury Goods 766,457 $ 7,531,193 (a) Billabong International Ltd., 144A Textiles, Apparel & Luxury Goods 121,643 1,195,262 Brambles Ltd. Commercial Services & Supplies 1,359,555 8,271,577 -------------- 16,998,032 -------------- AUSTRIA 0.3% Telekom Austria AG Diversified Telecommunication Services 235,270 3,350,934 -------------- CHINA 1.0% China Telecom Corp. Ltd., H Diversified Telecommunication Services 8,370,000 3,497,530 Travelsky Technology Ltd., H IT Services 7,139,000 7,209,251 -------------- 10,706,781 -------------- EGYPT 0.5% Egyptian Mobile Services Wireless Telecommunication Services 119,135 5,234,577 -------------- FRANCE 4.4% AXA SA Insurance 258,840 6,128,344 France Telecom SA Diversified Telecommunication Services 356,320 8,890,246 Sanofi-Aventis Pharmaceuticals 124,730 9,830,675 Total SA, B Oil, Gas & Consumable Fuels 135,250 8,713,131 Vivendi SA Media 402,294 11,975,087 -------------- 45,537,483 -------------- GERMANY 4.6% Bayerische Motoren Werke AG Automobiles 122,220 5,598,458 Deutsche Post AG Air Freight & Logistics 265,540 5,150,453 MAN SE Machinery 109,830 8,547,843 Muenchener Rueckversicherungs-Gesellschaft AG Insurance 58,050 9,046,626 SAP AG Software 90,370 4,279,234 Siemens AG Industrial Conglomerates 167,810 15,462,423 -------------- 48,085,037 -------------- HONG KONG 2.5% (a) Champion REIT, 144A Real Estate Investment Trusts (REITs) 10,328,000 4,395,631 Hopewell Holdings Ltd. Real Estate Management & Development 2,182,000 7,063,492 Hutchison Whampoa Ltd. Industrial Conglomerates 1,173,000 8,078,492 Yue Yuen Industrial Holdings Ltd. Textiles, Apparel & Luxury Goods 2,072,000 6,012,613 -------------- 25,550,228 -------------- IRELAND 0.9% CRH PLC Construction Materials 352,450 9,590,822 -------------- ITALY 1.5% Eni SpA Oil, Gas & Consumable Fuels 162,823 4,148,699 (b) Intesa Sanpaolo SpA Commercial Banks 819,279 3,694,185 (b) UniCredit SpA Commercial Banks 2,229,137 7,474,679 -------------- 15,317,563 -------------- JAPAN 0.9% Nintendo Co. Ltd. Software 21,600 5,120,069 Toyota Motor Corp. Automobiles 99,200 4,139,557 -------------- 9,259,626 -------------- NETHERLANDS 1.0% (b) ING Groep NV Diversified Financial Services 1,059,240 10,462,119 -------------- NORWAY 0.9% Statoil ASA Oil, Gas & Consumable Fuels 373,890 9,340,155 -------------- RUSSIA 0.2% Mobile TeleSystems, ADR Wireless Telecommunication Services 50,890 2,488,012 -------------- SINGAPORE 1.1% Singapore Telecommunications Ltd. Diversified Telecommunication Services 5,071,999 11,222,993 --------------
Quarterly Statement of Investments See Notes to Statements of Investments Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) SOUTH AFRICA 0.5% Massmart Holdings Ltd. Food & Staples Retailing 386,016 $ 4,657,197 -------------- SOUTH KOREA 0.6% KB Financial Group Inc. Commercial Banks 111,405 5,703,646 -------------- SPAIN 1.2% Telefonica SA Diversified Telecommunication Services 453,408 12,669,083 -------------- SWITZERLAND 3.4% Adecco SA Professional Services 193,227 10,649,278 Novartis AG Pharmaceuticals 187,960 10,259,132 Roche Holding AG Pharmaceuticals 60,130 10,211,905 Vontobel Holding AG Capital Markets 135,360 3,864,066 -------------- 34,984,381 -------------- TAIWAN 1.9% Compal Electronics Inc. Computers & Peripherals 11,005,902 15,258,260 Taiwan Semiconductor Manufacturing Co. Ltd. Semiconductors & Semiconductor Equipment 2,087,384 4,208,699 -------------- 19,466,959 -------------- UNITED KINGDOM 8.7% Aviva PLC Insurance 696,500 4,466,336 BP PLC Oil, Gas & Consumable Fuels 750,055 7,277,639 GlaxoSmithKline PLC Pharmaceuticals 412,086 8,782,881 Hays PLC Professional Services 2,749,230 4,600,559 HSBC Holdings PLC Commercial Banks 853,495 9,840,780 Kingfisher PLC Specialty Retail 3,135,973 11,619,983 Royal Dutch Shell PLC, B Oil, Gas & Consumable Fuels 489,646 14,327,166 The Sage Group PLC Software 2,580,790 9,191,810 Tesco PLC Food & Staples Retailing 759,641 5,245,468 Vodafone Group PLC Wireless Telecommunication Services 6,282,301 14,566,717 -------------- 89,919,339 -------------- UNITED STATES 7.4% Abbott Laboratories Pharmaceuticals 130,710 7,057,033 Bank of America Corp. Diversified Financial Services 119,240 1,795,754 Bristol-Myers Squibb Co. Pharmaceuticals 165,320 4,174,330 General Electric Co. Industrial Conglomerates 604,970 9,153,196 The Home Depot Inc. Specialty Retail 365,100 10,562,343 JPMorgan Chase & Co. Diversified Financial Services 173,536 7,231,245 Merck & Co. Inc. Pharmaceuticals 286,806 10,479,891 Microsoft Corp. Software 401,010 12,226,795 Pfizer Inc. Pharmaceuticals 193,982 3,528,533 United Parcel Service Inc., B Air Freight & Logistics 173,710 9,965,743 -------------- 76,174,863 -------------- TOTAL COMMON STOCKS (COST $500,252,430) 466,719,830 -------------- EQUITY-LINKED SECURITIES 3.5% UNITED STATES 3.5% (a) The Goldman Sachs Group Inc. into Accenture Ltd., 9.50%, 144A IT Services 280,720 11,943,738 (a) The Goldman Sachs Group Inc. into Comcast Corp., 8.10%, 144A Media 299,492 4,887,260 (a) The Goldman Sachs Group Inc. into Dell Inc., 6.00%, 144A Computers & Peripherals 325,692 4,773,244 (a) The Goldman Sachs Group Inc. into News Corp., 5.00%, 144A Media 508,906 7,024,887 (a) The Goldman Sachs Group Inc. into Techtronic Industries Co. Ltd., 5.25%, 144A Household Durables 390,240 2,598,281 (a) Morgan Stanley into Oracle Corp., 5.50%, 144A Software 201,629 4,916,663 -------------- TOTAL EQUITY-LINKED SECURITIES (COST $30,280,274) 36,144,073 --------------
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) CONVERTIBLE PREFERRED STOCKS (COST $3,955,000) 0.6% BRAZIL 0.6% Vale Capital II, 6.50%, cvt. pfd. Metals & Mining 79,100 $ 6,543,108 -------------- PREFERRED STOCKS (COST $7,592,477) 1.1% BRAZIL 1.1% Vale SA, ADR, pfd., A Metals & Mining 466,860 11,587,465 --------------
PRINCIPAL AMOUNT(d) -------------- (C) SENIOR FLOATING RATE INTERESTS 6.0% GERMANY 0.0%(e) Fresenius Medical Care Holdings Inc., Term Loan B, 1.626% - 1.659%, 3/31/13 Health Care Providers & Services 402,337 387,853 -------------- NETHERLANDS 0.2% (f) Hexion Specialty Chemicals BV, Term Loan C-2, 2.563%, 5/03/13 Chemicals 705,111 616,972 UPC Financing Partnership, Term Loan N, 1.985%, 12/31/14 Media 648,288 608,985 Term Loan T, 3.735%, 12/31/16 Media 351,712 342,524 -------------- 1,568,481 -------------- UNITED STATES 5.8% Affiliated Computer Services Inc., Additional Term Loan, 2.231% - 2.234%, 3/20/13 IT Services 280,691 279,170 ARAMARK Corp., Synthetic L/C, 2.13%, 1/26/14 Commercial Services & Supplies 93,794 89,163 Term Loan B, 2.126%, 1/26/14 Commercial Services & Supplies 1,426,201 1,355,783 Ashland Inc., Term Loan B, 7.65%, 5/13/14 Chemicals 468,116 475,957 Celanese U.S. Holdings LLC, Dollar Term Loan, 2.037%, 4/02/14 Chemicals 2,036,378 1,936,821 Cinemark USA Inc., Term Loan, 1.99% - 2.04%, 10/05/13 Media 320,375 305,844 Community Health Systems Inc., Delayed Draw Term Loan, 2.506%, 7/25/14 Health Care Providers & Services 126,627 119,697 Term Loan, 2.506%, 7/25/14 Health Care Providers & Services 2,476,961 2,341,416 (f) Conseco Inc., Term Loan, 7.50%, 10/10/13 Insurance 1,471,695 1,396,884 Constellation Brands Inc., Term Loan B, 1.75%, 6/05/13 Beverages 165,472 160,219 CSC Holdings Inc. (Cablevision), Incremental Term Loan B-2, 2.004% - 2.046%, 3/29/16 Media 1,151,274 1,128,488 DaVita Inc., Term Loan B-1, 1.74% - 1.79%, 10/05/12 Health Care Providers & Services 428,939 417,382 Dean Foods Co., Term Loan B, 1.615% - 1.635%, 4/02/14 Food Products 429,493 410,319 Del Monte Foods Co., Term Loan B, 1.732% - 1.781%, 2/08/12 Food Products 78,001 77,611 DIRECTV Holdings LLC, Term Loan B, 1.731%, 4/13/13 Media 208,221 203,764 Discovery Communications Inc., Term Loan B, 2.251%, 5/14/14 Media 203,339 198,891 DJO Finance LLC, Term Loan B, 3.231%, 5/20/14 Health Care Equipment & Supplies 1,152,588 1,089,916 Dollar General Corp., Tranche B-1 Term Loan, 2.981% - 3.031%, 7/07/14 Multiline Retail 1,010,223 978,401 Duratek Inc. (EnergySolutions), Term Loan B, 4.01%, 6/07/13 Commercial Services & Supplies 142,170 139,149 Education Management LLC, Term Loan C, 2.063%, 6/01/13 Diversified Consumer Services 1,450,531 1,365,614 EnergySolutions LLC, Synthetic A Deposit, 3.99%, 6/07/13 Commercial Services & Supplies 20,436 19,874 Synthetic L/C, 3.99%, 6/07/13 Commercial Services & Supplies 21,118 20,537 Term Loan B, 4.01%, 6/07/13 Commercial Services & Supplies 296,326 290,030 (g) EnviroSolutions Inc., Initial Term Loan, PIK, 12.00%, 7/07/12 Commercial Services & Supplies 2,635,141 1,950,004 Federal-Mogul Corp., Term Loan B, 2.168%, 12/27/14 Auto Components 2,039,515 1,718,291 (f) Term Loan C, 2.168%, 12/27/15 Auto Components 3,448,855 2,905,660 Georgia-Pacific LLC, Term Loan B, 2.251% - 2.256%, 12/20/12 Paper & Forest Products 559,560 541,934 Term Loan C, 3.481% - 3.506%, 12/23/14 Paper & Forest Products 538,077 536,867 Green Valley Ranch Gaming LLC, Term Loan B, 2.251% - 2.284%, 2/16/14 Hotels, Restaurants & Leisure 1,414 988 HCA Inc., Term Loan B-1, 2.501%, 11/18/13 Health Care Providers & Services 3,120,362 2,986,577
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) (f) Hexion Specialty Chemicals Inc., Term Loan C-1, 2.563%, 5/03/13 Chemicals 3,250,946 $ 2,844,577 Intelsat Corp. (Panamsat), Incremental Term Loan B-2-A, 2.735%, 1/03/14 Wireless Telecommunication Services 44,371 41,924 Incremental Term Loan B-2-B, 2.735%, 1/03/14 Wireless Telecommunication Services 44,358 41,911 Incremental Term Loan B-2-C, 2.735%, 1/03/14 Wireless Telecommunication Services 44,358 41,911 Tranche B-2-A, 2.735%, 1/03/14 Wireless Telecommunication Services 405,905 383,517 Tranche B-2-B, 2.735%, 1/03/14 Wireless Telecommunication Services 405,781 383,400 Tranche B-2-C, 2.735%, 1/03/14 Wireless Telecommunication Services 405,781 383,400 Jarden Corp., Term Loan B4, 3.501%, 1/26/15 Household Durables 711,611 706,096 Jostens IH Corp. (Visant Holding Corp.), Term Loan C, 2.235%, 10/04/11 Auto Components 1,139,343 1,116,271 (g,h) Kuilima Resort Co. (Turtle Bay), First Lien Term Loan, PIK, 9.00%, 9/30/10 Hotels, Restaurants & Leisure 10,807,911 3,152,311 Lender Processing Services Inc., Term Loan B, 2.731%, 7/02/14 IT Services 306,221 304,116 LifePoint Hospitals Inc., Term Loan B, 1.887%, 4/15/12 Health Care Providers & Services 1,006,693 977,960 (h) Metro-Goldwyn-Mayer Inc., Term Loan B, 20.50%, 4/08/12 Media 3,969,601 2,567,483 Mylan Inc., Term Loan B, 3.50% - 3.563%, 10/02/14 Pharmaceuticals 183,947 180,188 Nalco Co., Term Loan, 6.50%, 5/13/16 Chemicals 325,496 330,622 Novelis Corp., U.S. Term Loan, 2.24% - 2.26%, 7/07/14 Metals & Mining 596,950 547,276 NRG Energy Inc., Independent Power Producers & Credit Link, 2.001%, 2/01/13 Energy Traders 547,154 521,916 Independent Power Producers & Term Loan, 1.981% - 2.001%, 2/01/13 Energy Traders 930,325 887,414 NTELOS Inc., Term Loan B, 5.75%, 8/07/15 Diversified Telecommunication Services 342,949 345,950 Penn National Gaming Inc., Term Loan B, 1.98% - 2.03%, 10/03/12 Hotels, Restaurants & Leisure 891,576 865,525 (f) R.H. Donnelley Inc., Term Loan D-1, 6.00%, 6/30/11 Media 1,297,747 1,192,305 Term Loan D-2, 6.75%, 6/30/11 Media 1,132,483 1,039,619 RBS Global Inc. (Rexnord), Incremental Tranche B-2, 2.50%, 7/22/13 Machinery 202,882 188,342 Tranche B-1 Term Loan B, 2.75% - 2.813%, 7/22/13 Machinery 1,029,244 971,992 Regal Cinemas Corp., Term Loan, 4.001%, 10/27/13 Media 366,082 365,548 Rockwood Specialties Group Inc., Term Loan H, 6.00%, 5/15/14 Chemicals 1,716,431 1,737,886 SunGard Data Systems Inc., Tranche A U.S. Term Loan, 1.985%, 2/28/14 IT Services 444,903 421,893 SUPERVALU Inc., Term Loan B, 1.531%, 6/02/12 Food & Staples Retailing 787,642 759,043 (f) Texas Competitive Electric Holdings Co. LLC, Independent Power Producers & Term Loan B-2, 3.735% - 3.751%, 10/10/14 Energy Traders 4,393,653 3,589,066 TransDigm Inc., Term Loan B, 2.249%, 6/23/13 Aerospace & Defense 623,985 600,363 (f,h) Tribune Co., Incremental Term Loan, 5/14/14 Media 4,595,154 2,383,736 Univision Communications Inc., Initial Term Loan, 2.501%, 9/29/14 Media 4,007,916 3,496,906 Windstream Corp., Tranche B-2 Term Loan, 3.04%, 12/17/15 Diversified Telecommunication Services 400,804 391,858 Wm. Wrigley Jr. Co., Term Loan B1, 3.063%, 12/17/12 Food & Staples Retailing 358,365 358,717 Term Loan B2, 3.313%, 10/06/14 Food & Staples Retailing 501,711 503,025 --------------- 60,065,318 --------------- TOTAL SENIOR FLOATING RATE INTERESTS (COST $61,972,084) 62,021,652 --------------- CORPORATE BONDS AND NOTES 14.6% BERMUDA 0.1% Intelsat Subsidiary Holding Co. Ltd., senior note, 8.50%, 1/15/13 Diversified Telecommunication Services 1,100,000 1,127,500 --------------- CANADA 0.3% Canadian Natural Resources Ltd., 5.90%, 2/01/18 Oil, Gas & Consumable Fuels $ 1,000,000 1,076,440 Novelis Inc., senior note, 7.25%, 2/15/15 Metals & Mining 100,000 95,750 (a) 144A, 11.50%, 2/15/15 Metals & Mining 200,000 215,250
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) (a) OPTI Canada Inc., senior secured note, 144A, 9.00%, 12/15/12 Oil, Gas & Consumable Fuels 300,000 $ 308,250 Quebecor Media Inc., senior note, 7.75%, 3/15/16 Media 1,100,000 1,102,750 Teck Resources Ltd., senior secured note, 10.75%, 5/15/19 Metals & Mining 600,000 720,000 --------------- 3,518,440 --------------- FRANCE 0.1% (a) Compagnie Generale de Geophysique-Veritas, senior note, 144A, 9.50%, 5/15/16 Energy Equipment & Services 800,000 835,936 --------------- GERMANY 0.1% FMC Finance III SA, senior note, 6.875%, 7/15/17 Health Care Providers & Services 350,000 349,125 Fresenius Medical Care Capital Trust IV, 7.875%, 6/15/11 Health Care Providers & Services 250,000 260,312 (a) Fresenius US Finance II, senior note, 144A, 9.00%, 7/15/15 Health Care Providers & Services 300,000 331,500 (a) UPC Germany GmbH, senior note, 144A, 9.625%, 12/01/19 Media 300,000 EUR 435,877 --------------- 1,376,814 --------------- INDIA 0.2% (a) ICICI Bank Ltd., 144A, 6.625%, 10/03/12 Commercial Banks 1,500,000 1,574,902 --------------- ITALY 0.2% Telecom Italia Capital SA, senior note, 4.95%, 9/30/14 Diversified Telecommunication Services 1,000,000 1,036,253 (a) Wind Acquisition Finance SA, senior note, 144A, 11.75%, 7/15/17 Diversified Telecommunication Services 700,000 764,750 (a,g) Wind Acquisition Holding, senior note, 144A, PIK, 12.25%, 7/15/17 Diversified Financial Services 300,000 EUR 410,468 --------------- 2,211,471 --------------- JAMAICA 0.1% (a) Digicel Group Ltd., senior note, 144A, 8.875%, 1/15/15 Wireless Telecommunication Services 1,000,000 983,750 --------------- KAZAKHSTAN 0.9% HSBK (Europe) BV, (a) 144A, 7.25%, 5/03/17 Commercial Banks 800,000 736,000 (i) Reg S, 7.25%, 5/03/17 Commercial Banks 4,300,000 3,911,495 (a) Kazmunaigaz Finance Sub BV, 144A, 9.125%, 7/02/18 Oil, Gas & Consumable Fuels 4,100,000 4,571,500 --------------- 9,218,995 --------------- LUXEMBOURG 0.1% Millicom International Cellular SA, senior note, 10.00%, 12/01/13 Wireless Telecommunication Services 800,000 832,000 --------------- NETHERLANDS 0.1% (a) Intergen NV, senior secured note, 144A, 9.00%, 6/30/17 Gas Utilities 500,000 523,750 (a) UPC Holding BV, senior note, 144A, 9.875%, 4/15/18 Media 200,000 204,730 --------------- 728,480 --------------- POLAND 0.1% (a) TVN Finance Corp. PLC, senior note, 144A, 10.75%, 11/15/17 Diversified Financial Services 600,000 EUR 895,372 --------------- RUSSIA 0.9% (i) Alfa MTN Markets Ltd. for ABH Financial Ltd., Reg S, 8.20%, 6/25/12 Commercial Banks 495,000 498,094 (a) Gazprom, secured note, 144A, 7.51%, 7/31/13 Oil, Gas & Consumable Fuels 6,600,000 6,936,956 (a) LUKOIL International Finance BV, 144A, 6.656%, 6/07/22 Oil, Gas & Consumable Fuels 2,000,000 1,915,000 --------------- 9,350,050 --------------- SOUTH AFRICA 0.1% (a,c) Edcon Holdings, 144A, FRN, 6.214%, 6/15/15 Specialty Retail 500,000 EUR 372,177 (c,i) Edcon Proprietary Ltd., senior secured note, Reg S, FRN, 3.964%, 6/15/14 Specialty Retail 800,000 EUR 742,064 --------------- 1,114,241 --------------- SWEDEN 0.1% Svensk Exportkredit AB, senior note, 7.625%, 6/30/14 Commercial Banks 1,115,000 NZD 860,739 --------------- SWITZERLAND 0.1% (a) Petroplus Finance Ltd., senior note, 144A, 6.75%, 5/01/14 Oil, Gas & Consumable Fuels 800,000 750,144 ---------------
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) UNITED KINGDOM 0.3% (a) British Sky Broadcasting Group PLC, senior note, 144A, 6.10%, 2/15/18 Media $ 1,000,000 $ 1,061,035 (a) Ceva Group PLC, senior secured note, 144A, 10.00%, 9/01/14 Air Freight & Logistics 700,000 658,343 11.625%, 10/01/16 Air Freight & Logistics 200,000 206,250 (a) Expro Finance Luxembourg, senior secured note, 144A, 8.50%, 12/15/16 Energy Equipment & Services 800,000 787,360 (a) Ineos Group Holdings PLC, senior secured note, 144A, 8.50%, 2/15/16 Chemicals 800,000 542,000 (a) Infinis PLC, senior note, 144A, 9.125%, 12/15/14 Independent Power Producers & Energy Traders 200,000 GBP 331,433 --------------- 3,586,421 --------------- UNITED STATES 10.8% (a) Advanced Micro Devices Inc., senior note, 144A, 8.125%, Semiconductors & Semiconductor 12/15/17 Equipment 200,000 200,250 The AES Corp., senior note, 8.00%, 10/15/17 Independent Power Producers & 1,000,000 1,031,250 Energy Traders (a) Alliance One International Inc., senior note, 144A, 10.00%, 7/15/16 Tobacco 200,000 211,000 (a) Allison Transmission Inc., senior note, 144A, 11.00%, 11/01/15 Machinery 1,000,000 1,055,000 Altria Group Inc., senior bond, 9.25%, 8/06/19 Tobacco 600,000 732,396 Ameren Corp., senior note, 8.875%, 5/15/14 Multi-Utilities 800,000 899,399 (a) American Axle & Manufacturing Holdings Inc., senior secured note, 144A, 1/15/17 Auto Components 200,000 204,000 (a) Antero Resources Finance, senior note, 144A, 9.375%, 12/01/17 Oil, Gas & Consumable Fuels 400,000 410,000 ARAMARK Corp., senior note, 8.50%, 2/01/15 Commercial Services & Supplies 1,100,000 1,138,500 (a) Arch Coal Inc., senior note, 144A, 8.75%, 8/01/16 Oil, Gas & Consumable Fuels 100,000 106,250 Ball Corp., senior note, 7.125%, 9/01/16 Containers & Packaging 100,000 103,000 7.375%, 9/01/19 Containers & Packaging 100,000 103,250 (j) Bank of America Corp., pfd., sub. bond, M, 8.125%, Perpetual Diversified Financial Services 2,000,000 1,927,980 Berry Petroleum Co., senior note, 10.25%, 6/01/14 Oil, Gas & Consumable Fuels 700,000 764,750 (a) Cablevision Systems Corp., senior note, 144A, 8.625%, 9/15/17 Media 300,000 313,875 (a) Cargill Inc., 144A, 6.00%, 11/27/17 Food Products 1,000,000 1,067,514 Case New Holland Inc., senior note, 7.125%, 3/01/14 Machinery 800,000 816,000 (a) Casella Waste Systems Inc., senior secured note, 144A, 11.00%, 7/15/14 Commercial Services & Supplies 800,000 870,000 (a) CC Holdings GS V LLC, senior secured note, 144A, 7.75%, 5/01/17 Wireless Telecommunication Services 100,000 107,000 (a) CCH II LLC/CCH II Capital Corp., senior note, 144A, 13.50%, 12/02/16 Media 733,378 859,886 (a) CEDC Finance Corp. International Inc., senior secured note, 144A, 9.125%, 12/01/16 Beverages 400,000 414,000 CenterPoint Energy Inc., senior note, 6.125%, 11/01/17 Multi-Utilities 1,000,000 1,034,828 Chesapeake Energy Corp., senior note, 7.625%, 7/15/13 Oil, Gas & Consumable Fuels 50,000 52,625 6.25%, 1/15/18 Oil, Gas & Consumable Fuels 1,550,000 1,495,750 Citigroup Inc., sub. note, 5.00%, 9/15/14 Diversified Financial Services 1,000,000 965,016 (a) Clear Channel Worldwide Holdings Inc., senior note, 144A, 9.25%, 12/15/17 Media 100,000 102,500 9.25%, 12/15/17 Media 400,000 414,000 CMS Energy Corp., senior note, 8.75%, 6/15/19 Multi-Utilities 500,000 549,771 Comcast Corp., senior note, 6.30%, 11/15/17 Media 1,000,000 1,095,928 Concho Resources Inc., senior note, 8.625%, 10/01/17 Oil, Gas & Consumable Fuels 300,000 316,500 Copano Energy LLC, senior note, 8.125%, 3/01/16 Oil, Gas & Consumable Fuels 1,000,000 1,015,000 (a) Cott Beverages Inc., senior note, 144A, 8.375%, 11/15/17 Beverages 400,000 414,000 Crown Americas Inc., senior note, 7.75%, 11/15/15 Containers & Packaging 900,000 936,000 Crown Castle International Corp., senior note, 9.00%, 1/15/15 Wireless Telecommunication Services 800,000 856,000 CSC Holdings Inc., senior deb., 7.625%, 7/15/18 Media 600,000 621,000 (a) Delta Air Lines Inc., senior secured note, 144A, 9.50%, 9/15/14 Airlines 300,000 313,500
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) (h,k) Dex Media Inc., senior disc. note, 9.00%, 11/15/13 Media $ 700,000 $ 180,250 senior note, B, 8.00%, 11/15/13 Media 1,300,000 334,750 (h,k) Dex Media West Finance, senior sub. note, 9.875%, 8/15/13 Media 150,000 47,625 (a) Dole Food Co. Inc., senior note, 144A, 13.875%, 3/15/14 Food Products 506,000 610,995 Dollar General Corp., senior note, 10.625%, 7/15/15 Multiline Retail 816,000 907,800 Duane Reade Inc., senior secured note, 11.75%, 8/01/15 Food & Staples Retailing 400,000 436,000 Dynegy Holdings Inc., senior note, 7.50%, 6/01/15 Independent Power Producers & 500,000 470,000 Energy Traders 8.375%, 5/01/16 Independent Power Producers & 500,000 477,500 Energy Traders EchoStar DBS Corp., senior note, 7.125%, 2/01/16 Media 1,100,000 1,128,875 Edison Mission Energy, senior note, 7.00%, 5/15/17 Electric Utilities 500,000 397,500 (c) Enterprise Products Operating LLC, junior sub note, FRN, 7.034%, 1/15/68 Oil, Gas & Consumable Fuels 800,000 735,092 (a,k) FelCor Lodging Trust Inc., senior secured note, 144A, 10.00%, 10/01/14 Real Estate Investment Trusts (REITs) 900,000 912,375 (a,h) Fontainebleau Las Vegas, 144A, 10.25%, 6/15/15 Hotels, Restaurants & Leisure 1,000,000 15,000 Ford Motor Credit Co. LLC, senior note, 9.875%, 8/10/11 Automobiles 850,000 892,500 7.50%, 8/01/12 Automobiles 500,000 504,520 Forest City Enterprises Inc., senior note, 7.625%, 6/01/15 Real Estate Management & 550,000 495,000 Development Freeport-McMoRan Copper & Gold Inc., senior note, 8.375%, 4/01/17 Metals & Mining 200,000 219,300 Freescale Semiconductor Inc., senior note, 8.875%, Semiconductors & Semiconductor 1,000,000 922,500 12/15/14 Equipment General Electric Capital Corp., senior note, A, 8.50%, 4/06/18 Diversified Financial Services 109,000,000 MXN 7,550,903 (a) General Maritime Corp., senior note, 144A, 12.00%, 11/15/17 Oil, Gas & Consumable Fuels 600,000 627,750 (a) GMAC LLC, senior note, 144A, 7.25%, 3/02/11 Consumer Finance 1,108,000 1,108,000 6.875%, 8/28/12 Consumer Finance 158,000 156,420 The Goldman Sachs Group Inc., sub. note, 6.75%, 10/01/37 Capital Markets 2,000,000 2,062,298 Greenbrier Cos. Inc., senior note, 8.375%, 5/15/15 Machinery 300,000 249,375 Hanesbrands Inc., senior note, 8.00%, 12/15/16 Textiles, Apparel & Luxury Goods 200,000 204,750 (a) Harrah's Operating Co. Inc., senior secured note, 144A, 11.25%, 6/01/17 Hotels, Restaurants & Leisure 200,000 210,250 (a) Harrah's Operating Escrow, senior secured note, 144A, 11.25%, 6/01/17 Hotels, Restaurants & Leisure 800,000 841,000 HCA Inc., senior note, 6.50%, 2/15/16 Health Care Providers & Services 1,100,000 1,050,500 senior secured note, 9.125%, 11/15/14 Health Care Providers & Services 500,000 528,750 (a) Holly Corp., senior note, 144A, 9.875%, 6/15/17 Oil, Gas & Consumable Fuels 300,000 317,250 (a) Host Hotels & Resorts LP, senior note, 144A, 9.00%, 5/15/17 Chemicals 800,000 869,000 Huntsman International LLC, (a) senior note, 144A, 5.50%, 6/30/16 Chemicals 400,000 357,000 senior sub. note, 7.875%, 11/15/14 Chemicals 250,000 245,625 Jabil Circuit Inc., senior note, 7.75%, 7/15/16 Electronic Equipment, Instruments & 400,000 422,000 Components Jarden Corp., senior sub. note, 7.50%, 5/01/17 Household Durables 1,000,000 1,002,500 (a) JBS USA LLC, senior note, 144A, 11.625%, 5/01/14 Food Products 800,000 918,000 (a,g) JohnsonDiversey Holdings Inc., senior note, 144A, PIK, 10.50%, 5/15/20 Professional Services 600,000 606,000 Jostens IH Corp., senior sub. note, 7.625%, 10/01/12 Household Durables 1,000,000 1,010,000 JPMorgan Chase Capital XXII, sub. bond, 6.45%, 2/02/37 Capital Markets 2,000,000 1,841,050 KB Home, senior note, 6.25%, 6/15/15 Household Durables 700,000 656,250 The Kroger Co., 6.15%, 1/15/20 Food & Staples Retailing 1,000,000 1,072,264 Lamar Media Corp., senior sub. note, 7.25%, 1/01/13 Media 100,000 100,250 6.625%, 8/15/15 Media 550,000 536,250 B, 6.625%, 8/15/15 Media 450,000 434,250 (h) Lehman Brothers Holdings Inc., senior note, 6.20%, 9/26/14 Capital Markets 1,000,000 200,000 Liberty Media Corp., senior note, 5.70%, 5/15/13 Media 1,100,000 1,053,250 (a) MacDermid Inc., senior sub. note, 144A, 9.50%, 4/15/17 Chemicals 1,100,000 1,105,500
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) Mariner Energy Inc., senior note, 7.50%, 4/15/13 Oil, Gas & Consumable Fuels 1,000,000 $ 1,000,000 MarkWest Energy Partners LP, senior note, 6.875%, 11/01/14 Oil, Gas & Consumable Fuels 1,000,000 960,000 8.75%, 4/15/18 Oil, Gas & Consumable Fuels 100,000 103,500 Merrill Lynch & Co. Inc., senior note, 6.40%, 8/28/17 Diversified Financial Services 2,000,000 2,098,558 (c) MetLife Inc., junior sub. note, FRN, 6.40%, 12/15/66 Insurance $ 2,000,000 1,780,000 MetroPCS Wireless Inc., senior note, 9.25%, 11/01/14 Wireless Telecommunication Services 1,100,000 1,119,250 MGM MIRAGE, senior note, 6.625%, 7/15/15 Hotels, Restaurants & Leisure 600,000 469,500 7.50%, 6/01/16 Hotels, Restaurants & Leisure 400,000 314,000 Michaels Stores Inc., senior note, 10.00%, 11/01/14 Specialty Retail 1,600,000 1,664,000 Morgan Stanley, senior note, 6.00%, 4/28/15 Capital Markets 2,000,000 2,132,868 Nalco Co., senior sub. note, 8.875%, 11/15/13 Chemicals 1,000,000 1,035,000 NewPage Corp., senior secured note, 10.00%, 5/01/12 Paper & Forest Products 400,000 288,000 (a) 144A, 11.375%, 12/31/14 Paper & Forest Products 700,000 710,500 (a) Norcraft Cos. LP, senior secured note, 144A, 10.50%, 12/15/15 Household Durables 300,000 309,000 (a) Norwegian Cruise Line Ltd., senior secured note, 144A, 11.75%, 11/15/16 Hotels, Restaurants & Leisure 900,000 886,500 NRG Energy Inc., senior note, 7.375%, 2/01/16 Independent Power Producers & 1,600,000 1,606,000 Energy Traders Owens-Brockway Glass Container Inc., senior note, 7.375%, 5/15/16 Containers & Packaging 800,000 830,000 Peabody Energy Corp., senior note, B, 6.875%, 3/15/13 Oil, Gas & Consumable Fuels 800,000 813,000 Petrohawk Energy Corp., senior note, 10.50%, 8/01/14 Oil, Gas & Consumable Fuels 800,000 878,000 Pinnacle Entertainment Inc., senior sub. note, 8.25%, 3/15/12 Hotels, Restaurants & Leisure 646,000 649,230 7.50%, 6/15/15 Hotels, Restaurants & Leisure 700,000 647,500 (a) Pinnacle Foods Finance LLC, senior note, 144A, 9.25%, 4/01/15 Food Products 500,000 510,000 Plains Exploration & Production Co., senior note, 7.625%, 6/01/18 Oil, Gas & Consumable Fuels 1,100,000 1,130,250 Quicksilver Resources Inc., senior note, 8.25%, 8/01/15 Oil, Gas & Consumable Fuels 1,100,000 1,133,000 Qwest Corp., senior note, 8.375%, 5/01/16 Diversified Telecommunication Services 600,000 646,500 (k) Radio One Inc., senior sub. note, 6.375%, 2/15/13 Media 1,000,000 738,750 RBS Global & Rexnord Corp., senior note, 9.50%, 8/01/14 Machinery 700,000 705,250 senior sub. note, 11.75%, 8/01/16 Machinery 300,000 298,500 Rite Aid Corp., senior secured note, 9.75%, 6/12/16 Food & Staples Retailing 800,000 872,000 Royal Caribbean Cruises Ltd., senior deb., 7.25%, 3/15/18 Hotels, Restaurants & Leisure 600,000 561,000 senior note, 11.875%, 7/15/15 Hotels, Restaurants & Leisure 200,000 232,250 RSC Equipment Rental Inc., senior note, 9.50%, 12/01/14 Trading Companies & Distributors 1,000,000 1,006,250 (a) SandRidge Energy Inc., senior note, 144A, 8.00%, 6/01/18 Oil, Gas & Consumable Fuels 800,000 790,000 8.75%, 1/15/20 Oil, Gas & Consumable Fuels 100,000 100,500 Sanmina-SCI Corp., (a,c) senior note, 144A, FRN, 3.004%, 6/15/14 Electronic Equipment, Instruments & 600,000 553,500 Components senior sub. note, 8.125%, 3/01/16 Electronic Equipment, Instruments & 500,000 501,250 Components (a) SBA Telecommunications Inc., senior note, 144A, 8.25%, 8/15/19 Wireless Telecommunication Services 300,000 319,500 (a) Sinclair Television Group Inc., senior secured note, 144A, 9.25%, 11/01/17 Media 700,000 731,500 Solo Cup Co., (a) senior secured note, 144A, 10.50%, 11/01/13 Containers & Packaging 200,000 212,500 senior sub. note, 8.50%, 2/15/14 Containers & Packaging 700,000 687,750 Solutia Inc., senior note, 8.75%, 11/01/17 Chemicals 200,000 209,500 Starwood Hotels & Resorts Worldwide Inc., senior note, 6.75%, 5/15/18 Hotels, Restaurants & Leisure 600,000 604,500 7.15%, 12/01/19 Hotels, Restaurants & Leisure 300,000 300,375 (h) Station Casinos Inc., senior note, 7.75%, 8/15/16 Hotels, Restaurants & Leisure 700,000 112,875 senior sub. note, 6.875%, 3/01/16 Hotels, Restaurants & Leisure 900,000 9,000 SunGard Data Systems Inc., senior note, 9.125%, 8/15/13 IT Services 300,000 309,000
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) senior sub. note, 10.25%, 8/15/15 IT Services 1,300,000 $ 1,391,000 SUPERVALU Inc., senior note, 8.00%, 5/01/16 Food & Staples Retailing 600,000 612,000 (a) Talecris Biotherapeutics Holdings Corp., senior note, 144A, 7.75%, 11/15/16 Biotechnology 500,000 510,000 Tenet Healthcare Corp., senior note, 7.375%, 2/01/13 Health Care Providers & Services 900,000 906,750 Tesoro Corp., senior note, 6.50%, 6/01/17 Oil, Gas & Consumable Fuels 1,700,000 1,589,500 Texas Competitive Electric Holdings Co. LLC, senior note, Independent Power Producers & A, 10.25%, 11/01/15 Energy Traders 1,000,000 815,000 Time Warner Inc., 7.625%, 4/15/31 Media $ 1,000,000 1,164,896 (a) TRW Automotive Inc., senior note, 144A, 7.25%, 3/15/17 Auto Components 1,000,000 975,000 UBS AG Stamford, senior note, 5.875%, 12/20/17 Commercial Banks 1,000,000 1,029,317 (g) United Surgical Partners International Inc., senior sub. note, PIK, 9.25%, 5/01/17 Health Care Providers & Services 1,000,000 1,025,000 (a) Universal City Development, senior note, 144A, 8.875%, 11/15/15 Diversified Consumer Services 200,000 196,750 senior sub. note, 144A, 10.875%, 11/15/16 Diversified Consumer Services 300,000 302,250 (c,g) US Oncology Holdings Inc., senior note, PIK, FRN, 6.428%, 3/15/12 Health Care Providers & Services 1,154,000 1,084,760 Vanguard Health Holding Co. II LLC, senior sub. note, 9.00%, 10/01/14 Health Care Providers & Services 1,100,000 1,145,375 Viacom Inc., senior note, 6.875%, 4/30/36 Media 1,000,000 1,084,723 (a) ViaSat Inc., senior note, 144A, 8.875%, 9/15/16 Communications Equipment 200,000 210,000 Weatherford International Ltd., senior note, 6.00%, 3/15/18 Energy Equipment & Services 1,000,000 1,008,580 (j) Wells Fargo Capital XIII, pfd., 7.70%, Perpetual Commercial Banks 1,700,000 1,657,500 Weyerhaeuser Co., senior note, 7.375%, 10/01/19 Paper & Forest Products 500,000 523,416 (a) Windstream Corp., senior note, 144A, 7.875%, 11/01/17 Oil, Gas & Consumable Fuels 100,000 99,250 (a) WMG Acquisition Corp., senior secured note, 144A, 9.50%, 6/15/16 Media 800,000 861,000 --------------- 112,303,708 --------------- TOTAL CORPORATE BONDS AND NOTES (COST $149,517,018) 151,268,963 --------------- FOREIGN GOVERNMENT AND AGENCY SECURITIES 19.2% ARGENTINA 0.7% (c,l) Government of Argentina, senior bond, FRN, 0.943%, 8/03/12 19,985,000 6,884,833 --------------- AUSTRALIA 1.6% New South Wales Treasury Corp., senior note, 5.50%, 3/01/17 5,040,000 AUD 4,375,703 Queensland Treasury Corp., 13, 6.00%, 8/14/13 1,072,000 AUD 980,115 (a) 144A, 7.125%, 9/18/17 14,180,000 NZD 10,686,279 --------------- 16,042,097 --------------- BRAZIL 3.9% Nota Do Tesouro Nacional, 10.00%, 1/01/12 13,415(m) BRL 7,454,161 10.00%, 1/01/14 5,000(m) BRL 2,641,851 10.00%, 1/01/17 11,425(m) BRL 5,623,891 (n) Index Linked, 6.00%, 5/15/15 8,845(m) BRL 9,192,220 (n) Index Linked, 6.00%, 5/15/45 15,735(m) BRL 15,892,142 --------------- 40,804,265 --------------- CANADA 0.1% Province of Ontario, 6.25%, 6/16/15 824,000 NZD 605,043 --------------- EL SALVADOR 0.0%(E) (a) Government of El Salvador, 144A, 7.65%, 6/15/35 100,000 99,000 --------------- GERMANY 0.2% KfW Bankengruppe, senior note, 6.50%, 11/15/11 3,218,000 NZD 2,417,653 --------------- INDONESIA 2.7% Government of Indonesia, FR10, 13.15%, 3/15/10 500,000,000 IDR 54,058 FR13, 15.425%, 9/15/10 1,550,000,000 IDR 175,146 FR19, 14.25%, 6/15/13 10,805,000,000 IDR 1,332,712 FR20, 14.275%, 12/15/13 2,615,000,000 IDR 326,702 FR23, 11.00%, 12/15/12 100,000,000 IDR 11,379
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) FR25, 10.00%, 10/15/11 3,375,000,000 IDR $ 371,877 FR26, 11.00%, 10/15/14 980,000,000 IDR 112,349 FR27, 9.50%, 6/15/15 4,937,000,000 IDR 535,606 FR28, 10.00%, 7/15/17 4,156,000,000 IDR 451,979 FR30, 10.75%, 5/15/16 3,050,000,000 IDR 347,069 FR31, 11.00%, 11/15/20 15,000,000,000 IDR 1,677,453 FR34, 12.80%, 6/15/21 24,487,000,000 IDR 3,020,280 FR35, 12.90%, 6/15/22 10,410,000,000 IDR 1,289,515 FR36, 11.50%, 9/15/19 7,315,000,000 IDR 844,038 FR37, 12.00%, 9/15/26 3,350,000,000 IDR 390,982 FR39, 11.75%, 8/15/23 20,415,000,000 IDR 2,344,746 FR40, 11.00%, 9/15/25 34,000,000,000 IDR 3,697,612 FR42, 10.25%, 7/15/27 95,460,000,000 IDR 9,773,892 FR43, 10.25%, 7/15/22 3,500,000,000 IDR 363,926 FR44, 10.00%, 9/15/24 3,080,000,000 IDR 312,085 FR45, 9.75%, 5/15/37 1,750,000,000 IDR 168,037 -------------- 27,601,443 -------------- IRAQ 0.1% (a) Government of Iraq, 144A, 5.80%, 1/15/28 1,889,000 1,463,975 -------------- MEXICO 2.9% Government of Mexico, M 30, 10.00%, 11/20/36 3,447,000(o)MXN 29,945,843 -------------- PERU 0.5% Government of Peru, 7.84%, 8/12/20 2,190,000 PEN 873,979 7.35%, 7/21/25 2,340,000 2,691,000 Series 7, 8.60%, 8/12/17 4,830,000 PEN 2,046,298 -------------- 5,611,277 -------------- POLAND 1.4% Government of Poland, 5.75%, 4/25/14 14,635,000 PLN 5,111,329 5.75%, 9/23/22 12,900,000 PLN 4,293,034 6.25%, 10/24/15 13,260,000 PLN 4,688,993 -------------- 14,093,356 -------------- RUSSIA 0.2% (i) Government of Russia, senior bond, Reg S, 7.50%, 3/31/30 2,096,200 2,364,723 -------------- SOUTH KOREA 4.3% Korea Treasury Bond, 0400-1206, 4.00%, 6/10/12 8,115,200,000 KRW 6,895,516 0475-1112, 4.75%, 12/10/11 26,705,820,000 KRW 23,060,505 0525-1303, 5.25%, 3/10/13 237,640,000 KRW 207,343 0550-1106, 5.50%, 6/10/11 2,446,930,000 KRW 2,142,858 senior note, 7.125%, 4/16/19 10,470,000 12,026,439 -------------- 44,332,661 -------------- (p) SUPRANATIONAL 0.6% European Investment Bank, senior note, 1612/37, 6.50%, 9/10/14 3,750,000 NZD 2,807,151 Inter-American Development Bank, senior note, 7.50%, 12/05/24 60,000,000 MXN 3,825,323 -------------- 6,632,474 -------------- TOTAL FOREIGN GOVERNMENT AND AGENCY SECURITIES (COST $187,015,692) 198,898,643 -------------- MUNICIPAL BONDS 1.5% UNITED STATES 1.5% Chicago Waterworks Revenue, second lien, Refunding, FSA Insured, 5.00%, 11/01/19 1,750,000 1,901,935 Florida State Board of Education Lottery Revenue, Series B, NATL Insured, 5.00%, 7/01/20 1,470,000 1,590,084 7/01/21 1,355,000 1,433,685 7/01/22 1,600,000 1,683,568 Illinois Finance Authority Revenue, Alexian Brothers Health System, Refunding, Series A, FSA Insured, 5.00%, 1/01/20 1,800,000 1,860,210
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) JEA Water and Sewer System Revenue, Refunding, Series B, NATL Insured, 4.75%, 10/01/40 2,345,000 $ 2,278,379 Metropolitan Government of Nashville and Davidson County Health and Educational Facilities Board Revenue, Vanderbilt University, Refunding, Series A, 5.00%, 10/01/18 800,000 918,808 Series B, 5.00%, 10/01/18 600,000 689,106 New York City Municipal Water Finance Authority Water and Sewer System Revenue, Refunding, Series C, 4.75%, 6/15/33 620,000 620,663 Public Power Generation Agency Revenue, Whelan Energy Center Unit 2, Series A, Assured Guaranty, 5.00%, 1/01/19 1,100,000 1,195,788 Regional Transportation District COP, Transit Vehicles Project, Series A, 5.00%, 12/01/21 1,300,000 1,348,906 -------------- TOTAL MUNICIPAL BONDS (COST $14,925,370) 15,521,132 -------------- TOTAL INVESTMENTS BEFORE SHORT TERM INVESTMENTS (COST $955,510,345) 948,704,866 -------------- SHORT TERM INVESTMENTS (COST $83,090,450) 8.0%
SHARES -------------- MONEY MARKET FUNDS 8.0% UNITED STATES 8.0% (q) Institutional Fiduciary Trust Money Market Portfolio, 0.00% 83,090,451 83,090,451 -------------- TOTAL INVESTMENTS (COST $1,038,600,795) 99.6% 1,031,795,317 OTHER ASSETS, LESS LIABILITIES 0.4% 4,040,485 -------------- NET ASSETS 100.0% $1,035,835,802 ==============
(a) Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Trust's Board of Trustees. At December 31, 2009, the aggregate value of these securities was $104,175,598, representing 10.06% of net assets. (b) Non-income producing. (c) The coupon rate shown represents the rate at period end. (d) The principal amount is stated in U.S. dollars unless otherwise indicated. (e) Rounds to less than 0.1% of net assets. (f) A portion or all of the security purchased on a delayed delivery basis. (g) Income may be received in additional securities and/or cash. (h) Defaulted security or security for which income has been deemed uncollectible. (i) Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. These securities have been deemed liquid under guidelines approved by the Trust's Board of Trustees. At December 31, 2009, the aggregate value of these securities was $7,516,376, representing 0.73% of net assets. (j) Perpetual security with no stated maturity date. (k) See Note 6 regarding other considerations. (l) The principal amount is stated in original face, and scheduled paydowns are reflected in the market price on ex-date. (m) Principal amount is stated in 1000 Brazilian Real Units. (n) Redemption price at maturity is adjusted for inflation. (o) Principal amount is stated in 100 Mexican Peso Units. (p) A supranational organization is an entity formed by two or more central governments through international treaties. (q) The 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. Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) At December 31, 2009, the Fund had the following forward exchange contracts outstanding. See Note 3.
CONTRACT SETTLEMENT UNREALIZED UNREALIZED CURRENCY COUNTERPARTY TYPE QUANTITY AMOUNT(a) DATE APPRECIATION DEPRECIATION -------- ------------ ---- ------------- ----------- ---------- ------------ ------------ Malaysian Ringgit DBAB Buy 2,848,623 801,977 1/11/10 $ 29,580 $ -- Philippine Peso JPHQ Buy 140,218,000 3,006,645 1/13/10 3,957 -- Philippine Peso DBAB Buy 22,045,000 474,494 1/15/10 -- (1,286) Philippine Peso HSBC Buy 38,654,000 830,376 1/15/10 -- (646) Philippine Peso JPHQ Buy 55,049,000 1,186,247 1/19/10 -- (5,173) Philippine Peso DBAB Buy 13,793,000 296,560 1/19/10 -- (632) Chilean Peso DBAB Buy 844,670,000 1,337,350 1/28/10 329,949 -- Chilean Peso DBAB Buy 1,944,130,000 3,098,727 1/29/10 739,028 -- Chilean Peso JPHQ Buy 256,050,000 407,723 1/29/10 97,725 -- Euro DBAB Sell 2,427,000 3,430,395 1/29/10 -- (43,574) Mexican Peso CITI Sell 19,451,000 1,426,863 1/29/10 -- (54,873) New Zealand Dollar UBSW Sell 3,128,354 2,036,246 1/29/10 -- (228,117) Singapore Dollar HSBC Sell 20,129,000 13,423,458 1/29/10 -- (893,213) Singapore Dollar BZWS Sell 5,033,000 3,344,642 1/29/10 -- (235,059) Singapore Dollar UBSW Sell 5,035,000 3,346,427 1/29/10 -- (234,697) Singapore Dollar HSBC Buy 20,129,000 14,518,102 1/29/10 -- (201,432) Singapore Dollar BZWS Buy 5,033,000 3,611,251 1/29/10 -- (31,550) Singapore Dollar UBSW Buy 5,035,000 3,609,681 1/29/10 -- (28,558) Swedish Krona DBAB Buy 1,850,000 176,434 EUR 1/29/10 5,887 -- Chilean Peso DBAB Buy 407,730,000 652,368 2/2/10 152,714 -- New Zealand Dollar DBAB Sell 2,849,281 1,440,425 2/2/10 -- (621,359) Singapore Dollar HSBC Sell 5,042,000 3,355,361 2/2/10 -- (230,552) Singapore Dollar BZWS Sell 2,017,000 1,341,983 2/2/10 -- (92,525) Singapore Dollar HSBC Buy 5,042,000 3,629,035 2/2/10 -- (43,122) Singapore Dollar BZWS Buy 2,017,000 1,447,227 2/2/10 -- (12,719) Chilean Peso DBAB Buy 765,100,000 1,223,181 2/3/10 287,650 -- Chinese Yuan DBAB Buy 38,690,000 5,485,421 2/3/10 183,679 -- Singapore Dollar HSBC Sell 6,316,000 4,193,919 2/3/10 -- (298,013) Singapore Dollar HSBC Buy 6,316,000 4,546,011 2/3/10 -- (54,079) Indian Rupee JPHQ Buy 25,080,000 493,701 2/4/10 45,258 --
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) Singapore Dollar HSBC Sell 6,351,000 4,193,851 2/4/10 -- (322,911) Singapore Dollar HSBC Buy 6,351,000 4,550,829 2/4/10 -- (34,067) Singapore Dollar HSBC Sell 5,066,000 3,355,300 2/5/10 -- (247,535) Singapore Dollar HSBC Buy 5,066,000 3,630,058 2/5/10 -- (27,223) Singapore Dollar JPHQ Sell 3,990,000 2,650,282 2/8/10 -- (187,207) Singapore Dollar JPHQ Buy 3,990,000 2,861,035 2/8/10 -- (23,546) Singapore Dollar JPHQ Sell 5,057,000 3,358,348 2/9/10 -- (237,890) Singapore Dollar JPHQ Buy 5,057,000 3,635,775 2/9/10 -- (39,537) Singapore Dollar BZWS Sell 2,003,700 1,343,296 2/11/10 -- (81,578) Singapore Dollar BZWS Buy 2,003,700 1,435,238 2/11/10 -- (10,364) Chilean Peso DBAB Buy 401,200,000 652,358 2/12/10 140,379 -- Malaysian Ringgit DBAB Buy 20,965,107 5,775,512 2/12/10 336,426 -- New Zealand Dollar HSBC Sell 1,252,857 650,734 2/12/10 -- (255,238) Chilean Peso DBAB Buy 987,520,000 1,630,917 2/16/10 320,878 -- Chilean Peso DBAB Buy 985,820,000 1,640,300 2/17/10 308,269 -- Malaysian Ringgit HSBC Buy 5,278,000 1,447,415 2/17/10 90,983 -- Norwegian Krone DBAB Buy 1,526,000 224,207 2/17/10 38,498 -- Mexican Peso DBAB Sell 96,770,442 7,262,186 2/19/10 -- (92,262) New Zealand Dollar HSBC Sell 1,672,090 836,380 2/22/10 -- (371,931) Chilean Peso DBAB Buy 497,180,000 820,158 2/26/10 163,178 -- Chilean Peso CITI Buy 1,689,520,000 2,788,525 2/26/10 553,055 -- New Zealand Dollar DBAB Sell 991,691 497,333 2/26/10 -- (219,103) Chilean Peso DBAB Buy 494,720,000 820,159 3/3/10 158,509 -- Chilean Peso DBAB Buy 803,620,000 1,312,247 3/4/10 277,490 -- Chilean Peso DBAB Buy 503,570,000 820,147 3/5/10 176,022 -- Chilean Peso DBAB Buy 474,950,000 771,988 3/8/10 167,555 -- Chilean Peso DBAB Buy 504,600,000 820,154 3/9/10 178,039 -- Swedish Krona DBAB Buy 41,000,000 3,641,693 EUR 3/12/10 516,467 -- Singapore Dollar JPHQ Sell 6,150,000 3,996,621 3/17/10 -- (375,411) Singapore Dollar JPHQ Buy 6,150,000 4,421,280 3/17/10 -- (49,248) Singapore Dollar DBAB Sell 5,892,000 3,831,198 3/18/10 -- (357,404) Singapore Dollar DBAB Buy 5,892,000 4,241,809 3/18/10 -- (53,207) Singapore Dollar DBAB Sell 8,823,000 5,747,259 3/19/10 -- (524,955) Singapore Dollar DBAB Buy 8,823,000 6,292,255 3/19/10 -- (20,041)
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) Mexican Peso CITI Sell 530,530 39,225 3/22/10 -- (945) Singapore Dollar DBAB Sell 11,749,000 7,662,683 3/22/10 -- (689,502) Singapore Dollar DBAB Buy 11,749,000 8,458,238 3/22/10 -- (106,053) Singapore Dollar UBSW Sell 10,671,000 7,025,710 3/23/10 -- (560,109) Singapore Dollar UBSW Buy 10,671,000 7,689,148 3/23/10 -- (103,329) Singapore Dollar JPHQ Sell 2,891,000 1,915,965 3/31/10 -- (139,126) Singapore Dollar JPHQ Buy 2,891,000 2,072,699 3/31/10 -- (17,608) Indian Rupee DBAB Buy 36,463,000 704,681 4/9/10 74,805 -- Indian Rupee DBAB Buy 78,190,000 1,510,042 4/12/10 161,005 -- Indian Rupee JPHQ Buy 52,519,000 1,006,690 4/13/10 115,625 -- Indian Rupee JPHQ Buy 51,553,000 1,006,698 4/15/10 94,774 -- Indian Rupee DBAB Buy 18,126,000 353,333 4/19/10 33,803 -- Indian Rupee JPHQ Buy 25,753,000 504,763 4/19/10 45,271 -- Malaysian Ringgit JPHQ Buy 4,383,850 1,210,908 4/19/10 63,723 -- Swedish Krona DBAB Buy 123,614,356 11,351,806 EUR 4/19/10 1,029,866 -- Malaysian Ringgit JPHQ Buy 12,561,000 3,498,204 4/20/10 153,846 -- Chilean Peso CITI Buy 557,504,000 950,237 4/23/10 153,702 -- Malaysian Ringgit JPHQ Buy 1,600,000 437,218 4/23/10 27,921 -- Chilean Peso CITI Buy 544,382,000 928,726 4/26/10 149,379 -- Indian Rupee DBAB Buy 36,620,000 706,658 4/26/10 74,977 -- Chilean Peso CITI Buy 432,020,000 735,666 4/27/10 119,954 -- Chilean Peso JPHQ Buy 430,475,000 735,666 4/27/10 116,895 -- Indian Rupee JPHQ Buy 5,224,000 100,947 4/27/10 10,547 -- Chilean Peso CITI Buy 693,880,000 1,177,065 4/28/10 197,236 -- Chilean Peso UBSW Buy 86,882,000 147,133 4/28/10 24,946 -- Indian Rupee JPHQ Buy 25,919,000 504,752 4/28/10 48,376 -- Indian Rupee JPHQ Buy 25,944,000 504,747 4/30/10 48,813 -- Euro DBAB Sell 730,724 7,776,873 SEK 5/4/10 41,252 -- Malaysian Ringgit JPHQ Buy 8,952,000 2,538,134 5/6/10 63,049 -- Peruvian Nuevo Sol DBAB Buy 11,274,310 3,751,850 5/7/10 141,608 -- Swedish Krona BOFA Buy 51,264,586 4,890,726 EUR 5/11/10 166,726 -- Chilean Peso DBAB Buy 375,660,000 655,213 5/18/10 89,508 -- Malaysian Ringgit JPHQ Buy 3,200,000 901,028 5/18/10 28,377 -- Peruvian Nuevo Sol DBAB Buy 8,081,654 2,633,481 5/18/10 157,370 --
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) Euro DBAB Sell 292,956 437,823 5/20/10 18,617 -- Russian Ruble DBAB Buy 41,880,160 894,128 EUR 5/24/10 71,306 -- Chilean Peso DBAB Buy 60,150,000 107,757 5/26/10 11,531 -- Chilean Peso CITI Buy 17,180,000 30,789 5/26/10 3,282 -- Peruvian Nuevo Sol CITI Buy 2,186,000 718,488 5/26/10 36,395 -- Chilean Peso CITI Buy 77,510,000 137,137 5/28/10 16,592 -- Chilean Peso DBAB Buy 77,490,000 137,150 5/28/10 16,540 -- Chilean Peso CITI Buy 30,910,000 54,854 6/1/10 6,463 -- Indian Rupee DBAB Buy 49,615,000 1,010,921 6/1/10 44,639 -- New Zealand Dollar UBSW Sell 4,674,756 3,265,691 6/1/10 -- (85,532) New Zealand Dollar DBAB Sell 4,646,596 3,245,601 6/1/10 -- (85,435) New Zealand Dollar CITI Sell 2,644,624 1,844,308 6/1/10 -- (51,561) Indian Rupee HSBC Buy 1,471,000 30,330 6/2/10 963 -- New Zealand Dollar BZWS Sell 3,874,942 2,729,044 6/2/10 -- (48,574) New Zealand Dollar DBAB Sell 2,004,236 1,414,289 6/2/10 -- (22,378) New Zealand Dollar FBCO Sell 661,401 466,287 6/2/10 -- (7,815) Indian Rupee HSBC Buy 7,279,000 151,646 6/3/10 3,187 -- Indian Rupee HSBC Buy 48,585,000 1,010,924 6/4/10 22,442 -- Poland Zloty DBAB Buy 9,659,000 2,123,277 EUR 6/4/10 294,281 -- Indian Rupee DBAB Buy 24,293,000 505,472 6/7/10 11,081 -- Poland Zloty DBAB Buy 9,138,000 1,990,720 EUR 6/7/10 303,593 -- Indian Rupee HSBC Buy 9,755,000 202,176 6/8/10 5,230 -- Indian Rupee DBAB Buy 12,253,000 254,212 6/8/10 6,306 -- Poland Zloty CITI Buy 3,667,000 796,177 EUR 6/8/10 125,584 -- New Zealand Dollar BZWS Sell 3,874,942 2,727,417 6/9/10 -- (48,544) Indian Rupee DBAB Buy 9,894,000 203,371 6/10/10 6,953 -- Indian Rupee BZWS Buy 14,796,000 305,072 6/11/10 9,429 -- Indian Rupee HSBC Buy 9,915,000 203,385 6/11/10 7,367 -- Indian Rupee DBAB Buy 24,766,000 508,438 6/16/10 17,746 -- Indian Rupee DBAB Buy 22,559,000 457,586 6/21/10 21,490 -- Indian Rupee JPHQ Buy 25,600,000 519,270 6/22/10 24,338 -- Indian Rupee DBAB Buy 38,739,000 778,908 6/24/10 43,554 -- Indian Rupee HSBC Buy 26,015,000 519,261 6/25/10 33,009 -- Malaysian Ringgit CITI Buy 5,445,951 1,537,753 6/25/10 41,708 --
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) Peruvian Nuevo Sol DBAB Buy 4,738,000 1,547,102 6/28/10 88,951 -- Malaysian Ringgit JPHQ Buy 16,592,059 4,675,795 6/29/10 135,589 -- Malaysian Ringgit HSBC Buy 24,035,711 6,771,577 6/29/10 198,327 -- Malaysian Ringgit DBAB Buy 15,109,723 4,259,860 6/29/10 121,675 -- Indian Rupee JPHQ Buy 25,740,000 519,266 7/9/10 26,558 -- Indian Rupee DBAB Buy 25,719,000 519,261 7/9/10 26,118 -- Malaysian Ringgit DBAB Buy 2,245,699 631,648 7/9/10 19,384 -- Indian Rupee JPHQ Buy 15,627,000 311,555 7/12/10 19,745 -- Indian Rupee DBAB Buy 12,995,000 259,640 7/12/10 15,860 -- Malaysian Ringgit DBAB Buy 2,846,638 797,862 7/12/10 27,316 -- Malaysian Ringgit JPHQ Buy 970,000 270,233 7/13/10 10,941 -- Malaysian Ringgit DBAB Buy 7,869,000 2,187,048 7/16/10 93,751 -- Malaysian Ringgit DBAB Buy 12,411,000 3,475,692 7/20/10 121,196 -- Malaysian Ringgit DBAB Buy 15,092,000 4,262,073 7/23/10 111,448 -- Malaysian Ringgit JPHQ Buy 15,868,000 4,469,859 7/27/10 128,036 -- New Zealand Dollar DBAB Sell 7,759,072 4,992,963 7/30/10 -- (539,338) New Zealand Dollar DBAB Sell 7,729,554 4,965,079 8/3/10 -- (544,030) New Zealand Dollar BZWS Sell 3,025,798 1,942,562 8/3/10 -- (214,024) New Zealand Dollar DBAB Sell 3,062,372 1,956,550 8/4/10 -- (225,892) New Zealand Dollar BZWS Sell 1,524,584 978,783 8/4/10 -- (107,733) New Zealand Dollar HSBC Sell 9,096,000 5,883,293 8/5/10 -- (598,466) New Zealand Dollar CITI Sell 7,676,080 5,012,672 8/5/10 -- (457,260) New Zealand Dollar DBAB Sell 2,277,116 1,484,224 8/5/10 -- (138,436) New Zealand Dollar CITI Sell 3,006,116 1,964,542 8/6/10 -- (177,391) New Zealand Dollar FBCO Sell 1,500,277 977,056 8/6/10 -- (91,930) New Zealand Dollar CITI Sell 2,966,178 1,950,143 8/9/10 -- (162,716) New Zealand Dollar DBAB Sell 2,979,562 1,959,956 8/9/10 -- (162,438) New Zealand Dollar FBCO Sell 2,932,345 1,932,269 8/9/10 -- (156,491) New Zealand Dollar FBCO Sell 2,937,488 1,950,874 8/11/10 -- (141,143) New Zealand Dollar DBAB Sell 10,528,075 6,855,182 8/12/10 -- (641,961) New Zealand Dollar DBAB Sell 3,595,000 2,333,515 8/13/10 -- (226,271) New Zealand Dollar DBAB Sell 3,792,000 2,503,099 8/16/10 -- (196,171) Brazilian Real DBAB Buy 1,855,000 90,091,785 JPY 8/17/10 39,470 -- Japanese Yen UBSW Sell 257,607,000 2,715,769 8/17/10 -- (61,347)
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) Brazilian Real DBAB Buy 1,371,000 66,013,650 JPY 8/18/10 35,141 -- Japanese Yen JPHQ Sell 128,008,000 1,357,887 8/18/10 -- (22,123) Brazilian Real DBAB Buy 2,056,000 96,644,336 JPY 8/19/10 77,765 -- Japanese Yen HSBC Sell 127,414,000 1,354,315 8/19/10 -- (19,319) Japanese Yen DBAB Sell 127,899,000 1,354,317 8/20/10 -- (24,574) Japanese Yen BZWS Sell 127,736,000 1,356,325 8/20/10 -- (20,809) Japanese Yen CITI Sell 255,214,000 2,712,662 8/23/10 -- (38,992) Japanese Yen FBCO Sell 253,342,000 2,712,659 8/23/10 -- (18,811) Japanese Yen JPHQ Sell 254,671,000 2,712,657 8/24/10 -- (33,198) Japanese Yen BZWS Sell 253,823,000 2,712,654 8/24/10 -- (24,058) New Zealand Dollar FBCO Sell 2,694,955 1,776,999 8/24/10 -- (139,868) Japanese Yen DBAB Sell 126,234,000 1,356,334 8/25/10 -- (4,745) New Zealand Dollar DBAB Sell 2,682,000 1,792,917 8/27/10 -- (114,180) Brazilian Real DBAB Buy 1,373,000 64,150,679 JPY 8/31/10 53,803 -- Japanese Yen JPHQ Sell 126,519,000 1,356,328 9/1/10 -- (8,017) Brazilian Real DBAB Buy 2,059,000 95,201,983 JPY 9/2/10 90,899 -- Japanese Yen HSBC Sell 125,193,000 1,356,326 9/2/10 6,253 -- Japanese Yen HSBC Sell 188,553,000 2,034,496 9/9/10 863 -- Japanese Yen DBAB Sell 172,109,000 1,874,907 9/10/10 18,594 -- Japanese Yen HSBC Sell 187,906,000 2,034,495 9/10/10 7,800 -- Japanese Yen UBSW Sell 142,968,000 1,562,424 9/13/10 20,322 -- Brazilian Real DBAB Buy 3,088,000 143,985,102 JPY 9/15/10 117,719 -- Japanese Yen UBSW Sell 169,418,000 1,874,902 9/15/10 47,427 -- Japanese Yen HSBC Sell 113,747,000 1,249,940 9/15/10 22,976 -- Japanese Yen BZWS Sell 112,488,000 1,249,936 9/15/10 36,553 -- Japanese Yen DBAB Sell 56,560,000 624,972 9/16/10 14,860 -- Japanese Yen HSBC Sell 168,723,000 1,874,908 9/16/10 54,893 -- Euro BZWS Sell 587,300 864,711 9/20/10 25,007 -- Japanese Yen JPHQ Sell 113,119,000 1,249,934 9/21/10 29,595 -- Japanese Yen HSBC Sell 56,085,000 624,972 9/21/10 19,922 -- Euro UBSW Sell 3,831,196 5,617,415 9/23/10 139,818 -- Swedish Krona UBSW Buy 4,000,000 393,426 EUR 9/23/10 -- (2,965) Euro JPHQ Sell 1,685,713 2,495,867 9/24/10 85,763 -- Japanese Yen JPHQ Sell 71,645,000 791,701 9/24/10 18,741 --
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) Japanese Yen JPHQ Sell 7,125,000 79,175 9/27/10 2,301 -- Japanese Yen JPHQ Sell 35,655,000 396,211 9/28/10 11,502 -- Japanese Yen JPHQ Sell 59,426,000 660,362 9/29/10 19,149 -- Philippine Peso HSBC Buy 52,620,000 1,087,752 10/4/10 11,533 -- Philippine Peso DBAB Buy 65,600,000 1,359,698 10/4/10 10,751 -- Poland Zloty DBAB Buy 8,156,625 1,895,787 EUR 10/4/10 81,028 -- Philippine Peso DBAB Buy 78,431,000 1,631,634 10/5/10 6,783 -- Philippine Peso HSBC Buy 78,450,000 1,631,633 10/5/10 7,180 -- Swedish Krona UBSW Buy 57,125,412 5,593,949 EUR 10/5/10 -- (6,055) Philippine Peso JPHQ Buy 20,719,000 435,090 10/6/10 -- (2,295) Philippine Peso DBAB Buy 64,384,000 1,359,689 10/7/10 -- (14,854) Philippine Peso DBAB Buy 51,520,000 1,087,746 10/8/10 -- (11,666) Philippine Peso HSBC Buy 51,618,000 1,087,760 10/8/10 -- (9,633) Philippine Peso JPHQ Buy 25,704,000 543,873 10/8/10 -- (7,003) Philippine Peso CITI Buy 25,771,000 543,876 10/8/10 -- (5,606) Malaysian Ringgit DBAB Buy 2,848,623 826,550 10/12/10 -- (2,832) Philippine Peso DBAB Buy 15,341,000 326,335 10/12/10 -- (5,980) Malaysian Ringgit DBAB Buy 1,229,347 361,967 10/13/10 -- (6,493) Philippine Peso JPHQ Buy 62,743,000 1,340,165 10/13/10 -- (30,017) Philippine Peso HSBC Buy 25,578,000 543,866 10/13/10 -- (9,767) Chinese Yuan HSBC Buy 14,407,458 1,463,054 EUR 10/15/10 31,894 -- Philippine Peso JPHQ Buy 8,345,000 177,932 10/15/10 -- (3,696) Chinese Yuan HSBC Buy 14,477,722 1,465,730 EUR 10/18/10 38,692 -- Philippine Peso JPHQ Buy 27,711,000 593,117 10/18/10 -- (14,629) Chinese Yuan HSBC Buy 19,405,471 1,959,009 EUR 10/19/10 60,000 -- Philippine Peso DBAB Buy 13,962,000 296,559 10/19/10 -- (5,107) Chinese Yuan HSBC Buy 11,991,000 1,817,231 10/21/10 -- (49,573) Philippine Peso DBAB Buy 55,813,000 1,186,249 10/21/10 -- (21,294) Philippine Peso JPHQ Buy 28,025,000 593,122 10/21/10 -- (8,171) Philippine Peso HSBC Buy 150,075,000 3,149,528 10/25/10 -- (17,746) Philippine Peso DBAB Buy 99,945,000 2,099,685 10/25/10 -- (14,021) Philippine Peso JPHQ Buy 50,004,000 1,049,843 10/25/10 -- (6,353) Japanese Yen DBAB Sell 166,350,000 1,857,103 11/15/10 59,376 -- Japanese Yen JPHQ Sell 83,068,000 928,549 11/16/10 30,812 --
Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) Japanese Yen BZWS Sell 40,044,000 445,701 11/16/10 12,935 -- Euro UBSW Sell 592,176 880,293 11/17/10 33,887 -- Japanese Yen HSBC Sell 43,408,000 482,853 11/17/10 13,716 -- Japanese Yen UBSW Sell 66,358,000 742,841 11/17/10 25,670 -- Japanese Yen BZWS Sell 165,864,000 1,857,109 11/17/10 64,516 -- Japanese Yen BZWS Sell 231,295,000 2,599,954 11/18/10 100,125 -- Japanese Yen BZWS Sell 261,349,000 2,971,369 11/29/10 145,689 -- Japanese Yen BOFA Sell 179,374,000 2,024,252 11/29/10 84,877 -- Japanese Yen CITI Sell 64,869,000 742,846 11/29/10 41,488 -- Australian Dollar DBAB Buy 5,138,500 4,480,773 12/1/10 -- (41,719) Japanese Yen DBAB Sell 160,839,000 1,857,113 12/1/10 118,022 -- Mexican Peso CITI Sell 19,266,000 1,418,600 12/2/10 10,124 -- Australian Dollar DBAB Buy 2,058,000 1,804,866 12/9/10 -- (28,636) Australian Dollar DBAB Buy 2,567,000 2,239,964 12/10/10 -- (24,678) Australian Dollar BZWS Buy 2,567,000 2,238,937 12/10/10 -- (23,651) Chinese Yuan JPHQ Buy 16,343,472 2,457,665 12/13/10 -- (43,670) Chinese Yuan HSBC Buy 32,779,680 4,930,017 12/14/10 -- (88,150) British Pound DBAB Sell 200,000 323,900 12/15/10 1,531 -- Chinese Yuan HSBC Buy 32,906,483 4,951,694 12/15/10 -- (90,918) Euro DBAB Sell 292,125 425,889 12/15/10 8,410 -- Malaysian Ringgit DBAB Buy 20,000,000 5,865,103 12/15/10 -- (90,736) Malaysian Ringgit JPHQ Buy 14,394,105 4,219,908 12/16/10 -- (64,166) Malaysian Ringgit JPHQ Buy 5,258,537 1,542,138 12/17/10 -- (23,975) Malaysian Ringgit JPHQ Buy 6,292,617 1,837,260 12/21/10 -- (20,729) Malaysian Ringgit HSBC Buy 5,140,287 1,495,352 12/22/10 -- (11,507) Malaysian Ringgit HSBC Buy 4,085,795 1,187,869 12/23/10 -- (8,452) Malaysian Ringgit HSBC Buy 4,622,694 1,342,090 12/28/10 -- (7,851) ---------- ------------ Unrealized appreciation (depreciation) 13,079,225 (14,944,674) ---------- ------------ Net unrealized appreciation (depreciation) $ (1,865,449) ============
(a) In U.S. dollars unless otherwise indicated. Templeton Global Investment Trust TEMPLETON INCOME FUND STATEMENT OF INVESTMENTS, DECEMBER 31, 2009 (UNAUDITED) (CONTINUED) At December 31, 2009, the Fund had the following interest rate swap contracts outstanding. See Note 3.
PAY/RECEIVE NOTIONAL EXPIRATION UNREALIZED UNREALIZED COUNTERPARTY FLOATING RATE FIXED RATE FLOATING RATE AMOUNT(a) DATE APPRECIATION DEPRECIATION ------------ ------------- ---------- ------------------- ------------- ---------- ------------ ------------ MLCO Pay 7.094% Tasa Nominal Annual Rate 5,850,000,000 CLP 6/16/18 $885,840 $-- -------- --- Unrealized appreciation (depreciation) 885,840 -- -------- --- Net unrealized appreciation (depreciation) $885,840 ========
(a) In U.S. dollars unless otherwise indicated. CURRENCY ABBREVIATIONS AUD Australian Dollar BRL Brazilian Real EUR Euro GBP British Pound IDR Indonesian Rupiah JPY Japanese Yen KRW South Korean Won MXN Mexican Peso NZD New Zealand Dollar PEN Peruvian Nuevo Sol PLN Polish Zloty SEK Swedish Krona COUNTERPARTY BOFA Bank of America N.A. BZWS Barclays Bank PLC CITI Citibank N.A. DBAB Deutsche Bank AG FBCO Credit Suisse International HSBC HSBC Bank USA JPHQ JPMorgan Chase Bank, N.A. UBSW UBS AG SELECTED PORTFOLIO ABBREVIATIONS ADR American Depository Receipt COP Certificate of Participation FRN Floating Rate Note FSA Financial Security Assurance Inc. L/C Letter of Credit MTN Medium Term Note NATL National Public Financial Guarantee Corp. PIK Payment-In-Kind 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 an open-end investment company, consisting of four funds (Funds). 2. SECURITY VALUATION Equity and other 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. Certain equity securities are valued based upon fundamental characteristics or relationships to similar securities. Investments in open-end mutual funds are valued at the closing net asset value. Time deposits are valued at cost. Corporate debt securities, government securities and municipal 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. Debt securities denominated in a foreign currency are converted into their U.S. dollar equivalent at the foreign exchange rate in effect at the close of the NYSE on the date that the values of the foreign debt securities are determined. 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 equity 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 equity 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 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 based upon the underlying investment book value, anticipated future cash flows, market changes in comparable or similar securities, matrix pricing, discounts from market prices of similar securities, or discounts applied due to the nature and duration of restrictions on the disposition of the securities. Due to the inherent uncertainty of valuations of such securities, the fair values may differ significantly from the values that would have been used had a ready market for such investments existed. Occasionally, events occur between the time at which trading in a security is completed and the close of the NYSE that might call into question the availability (including the reliability) of the value of a portfolio security held by the fund. 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. DERIVATIVE FINANCIAL INSTRUMENTS Certain funds may invest in derivative financial instruments (derivatives) in order to manage risk or gain exposure to various other investments or markets. Derivatives are financial contracts based on an underlying or notional amount, require no initial investment or an initial net investment that is smaller than would normally be required to have a similar response to changes in market factors, and require or permit net settlement. Derivatives may contain various risks including the potential inability of the counterparty to fulfill their obligations under the terms of the contract, the potential for an illiquid secondary market, and the potential for market movements. Derivatives are marked to market daily based upon quotations from market makers or the Fund's independent pricing services and the Fund's net benefit or obligation under the contract, as measured by the fair market value of the contract, is included in net assets. Certain funds generally enter into forward exchange contracts in order to hedge against fluctuations in foreign exchange rates. A forward exchange contract is an agreement between the Fund and a counterparty to buy or sell a foreign currency for a specific exchange rate on a future date. Pursuant to the terms of the forward exchange contacts, cash or securities may be required to be deposited as collateral. Certain funds generally enter into interest rate swap contracts in order to manage interest rate risk. An interest rate swap is an agreement between the Fund and a counterparty to exchange cash flows based on the difference between two interest rates, applied to a notional principal amount. Over the term of the contract, contractually required payments to be paid and to be received are accrued daily and recorded as unrealized depreciation and appreciation until the payments are made, at which time they are realized. Pursuant to the terms of the interest rate swap contract, cash or securities may be required to be deposited as collateral. Any cash received may be invested according to the funds investment objectives. 4. INCOME TAXES At December 31, 2009, the cost of investments and net unrealized appreciation (depreciation) for income tax purposes were as follows:
TEMPLETON EMERGING TEMPLETON TEMPLETON MARKETS FRONTIER TEMPLETON BRIC FUND SMALL CAP MARKETS FUND INCOME FUND ------------ ------------ ------------ -------------- Cost of investments $618,258,401 $135,598,271 $17,804,036 $1,038,753,268 ============ ============ =========== ============== Unrealized appreciation $183,882,556 $ 39,291,925 $ 3,323,147 $ 80,202,454
Unrealized depreciation (47,915,340) (6,879,282) (324,458) (87,160,405) ------------ ------------ ----------- -------------- Net unrealized appreciation (depreciation) $135,967,216 $ 32,412,643 $ 2,998,689 $ (6,957,951) ============ ============ =========== ==============
5. HOLDINGS OF 5% VOTING SECURITIES OF PORTFOLIO COMPANIES Investments in "affiliated companies" for the Templeton Emerging Markets Small Cap for the nine months ended December 31, 2009, were as shown below.
NUMBER OF NUMBER OF SHARES SHARES REALIZED HELD AT HELD AT VALUE AT CAPITAL BEGINNING GROSS GROSS END OF END OF INVESTMENT GAIN NAME OF ISSUER OF PERIOD ADDITIONS REDUCTIONS PERIOD PERIOD INCOME (LOSS) -------------- --------- ---------- ---------- --------- ---------- ---------- -------- NON-CONTROLLED AFFILIATES Impact Developer & Contractor SA -- 12,171,000 -- 12,171,000 $2,898,151 $-- $-- ---------- --- --- TOTAL AFFILIATED SECURITIES (1.72% of Net Assets)
6. OTHER CONSIDERATIONS Officers, directors or employees of the Fund's Investment Manager, may serve from time to time as members of bondholders' steering committees, official creditors' committees, or boards of directors of companies in which the Fund invests. Such participation may result in the possession by the Investment Manager of material non-public information which, pursuant to the Fund's policies and the requirements of applicable securities laws, could prevent the Fund from trading in the securities of such companies for limited or extended periods of time. 7. FAIR VALUE MEASUREMENTS The Trust follows a fair value hierarchy that distinguishes between market data obtained from independent sources (observable inputs) and the Trust's own market assumptions (unobservable inputs). These inputs are used in determining the value of the Funds' investments and are summarized in the following fair value hierarchy: - Level 1 - quoted prices in active markets for identical securities - Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speed, credit risk, etc.) - Level 3 - significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments) The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the inputs used as of December 31, 2009, in valuing the Funds' assets and liabilities carried at fair value:
LEVEL 1 LEVEL 2 LEVEL 3 TOTAL ------------ ------------ ------- -------------- TEMPLETON BRIC FUND ASSETS: Investments in Securities: Equity Investments:(a) Russia $131,959,593 $ 3,242,362 $-- $ 135,201,955 Other Equity Investments(b) 610,580,714 -- -- 610,580,714 Short Term Investments 8,442,948 -- -- 8,442,948 ------------ ------------ --- -------------- Total Investments in Securities $750,983,255 $ 3,242,362$ -- $ 754,225,617 ------------ ------------ --- -------------- TEMPLETON EMERGING MARKETS SMALL CAP FUND ASSETS: Investments in Securities: Equity Investments:(a) Malaysia $ 4,839,114 $ 7,109 $-- $ 4,846,223 Other Equity Investments(b) 153,394,912 -- -- 153,394,912 Short Term Investments 9,769,779 -- -- 9,769,779 ------------ ------------ --- -------------- Total Investments in Securities $168,003,805 $ 7,109 $-- $ 168,010,914 ------------ ------------ --- -------------- TEMPLETON FRONTIER MARKETS FUND ASSETS: Investments in Securities: Equity Investments:(a) Malawi $ -- $ 222,325 $-- $ 222,325 Croatia -- 113,106 -- 113,106 Other Equity Investments(b) 16,503,794 -- -- 16,503,794 Convertible Bonds -- 681 -- 681 Short Term Investments 3,962,819 -- -- 3,962,819 ------------ ------------ --- -------------- Total Investments in Securities $ 20,466,613 $ 336,112 $-- $ 20,802,725 ------------ ------------ --- -------------- TEMPLETON INCOME FUND ASSETS: Investments in Securities: Equity Investments:(a) Brazil 11,587,465 6,543,108 -- 18,130,573 Other Equity Investments(b) 466,719,830 -- -- 466,719,830 Equity-Linked Securities -- 36,144,073 -- 36,144,073 Senior Floating Rate Interests -- 62,021,652 -- 62,021,652 Corporate Bonds and Notes -- 151,268,963 -- 151,268,963 Foreign Government and Agency Securities -- 198,898,643 -- 198,898,643 Municipal Bonds -- 15,521,132 -- 15,521,132 Short Term Investments 83,090,451 -- -- 83,090,451 ------------ ------------ --- -------------- Total Investments in Securities $561,397,746 $470,397,571 $-- $1,031,795,317 ------------ ------------ --- -------------- Forward Exchange Contracts $ -- $ 13,079,225 $-- $ 13,079,225 Swap Contracts -- 885,840 -- 885,840 LIABILITIES: Forward Exchange Contracts -- 14,944,674 -- 14,944,674
(a) Includes common and preferred stock as well as other equity investments. (b) For detailed industry descriptions, see the accompanying Statements of Investments. 8. NEW ACCOUNTING PRONOUNCEMENTS In January 2010, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2010-6, FAIR VALUE MEASUREMENTS AND DISCLOSURES (TOPIC 820): IMPROVING DISCLOSURES ABOUT FAIR VALUE MEASUREMENTS. ASU No. 2010-6 enhances and clarifies existing fair value measurement disclosure requirements and is effective for interim and annual periods beginning after December 15, 2009. The Trust is currently evaluating the impact, if any, of applying the provisions of ASU No. 2010-6. 9. SUBSEQUENT EVENTS The Funds have evaluated subsequent events through February 22, 2009, the issuance date of the financial statements and determined that no events have occurred that require disclosure. For information on the Funds' policy regarding other significant accounting policies, please refer to the Funds' most recent semiannual or annual shareholder report. ITEM 2. CONTROLS AND PROCEDURES. (a) EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES. The Registrant maintains disclosure controls and procedures that are designed to ensure that information required to be disclosed in the Registrant's filings under the Securities Exchange Act of 1934 and the Investment Company Act of 1940 is recorded, processed, summarized and reported within the periods specified in the rules and forms of the Securities and Exchange Commission. Such information is accumulated and communicated to the Registrant's management, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. The Registrant's management, including the principal executive officer and the principal financial officer, recognizes that any set of controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. Within 90 days prior to the filing date of this Quarterly Schedule of Portfolio Holdings on Form N-Q, the Registrant had carried out an evaluation, under the supervision and with the participation of the Registrant's management, including the Registrant's principal executive officer and the Registrant's principal financial officer, of the effectiveness of the design and operation of the Registrant's disclosure controls and procedures. Based on such evaluation, the Registrant's principal executive officer and principal financial officer concluded that the Registrant's disclosure controls and procedures are effective. (b) CHANGES IN INTERNAL CONTROLS. There have been no 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 Laura F. Fergerson, Chief Executive Officer - Finance and Administration, and Mark H. Otani, Chief Financial Officer and Chief Accounting Officer. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. TEMPLETON GLOBAL INVESTMENT TRUST By /s/LAURA F. FERGERSON ----------------------------------- Laura F. Fergerson Chief Executive Officer - Finance and Administration Date February 25, 2010 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By /s/LAURA F. FERGERSON ----------------------------------- Laura F. Fergerson Chief Executive Officer - Finance and Administration Date February 25, 2010 By /s/MARK H. OTANI ----------------------------------- Mark H. Otani Chief Financial Officer and Chief Accounting Officer Date February 25, 2010