N-Q 1 nq-tgit_0611.htm nq-tgit_0611.htm - Generated by SEC Publisher for SEC Filing




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




  aA portion or all of the security purchased on a delayed delivery basis.
bSecurity 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 June
30, 2011, the value of this security was $355,766, representing 3.36% of net assets.
cNon-income producing.
dThe security is traded on a discount basis with no stated coupon rate.

ABBREVIATIONS
Selected Portfolio

ADR - American Depository Receipt
FHLB - Federal Home Loan Bank
GDR - Global Depository Receipt




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




aNon-income producing.
bAt June 30, 2011, pursuant to the Fund's policies and the requirements of applicable securities law, the Fund may be restricted from trading these securities for a limited or
extended period of time due to ownership limits and/or potential possession of material non-public information.
cSecurity 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 June 30, 2011, the value of this security was
$15,901,204, representing 2.06% of net assets.
dThe Institutional Fiduciary Trust Money Market Portfolio is managed by an affiliate of the Fund's investment manager.

ABBREVIATIONS
Selected Portfolio

ADR - American Depository Receipt
GDR - Global Depository Receipt
IDR - International Depository Receipt




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










  Rounds to less than 0.1% of net assets.
aNon-income producing.
bSecurity has been deemed illiquid because it may not be able to be sold within seven days. At June 30, 2011, the aggregate value of these securities was $2,369,655,
representing 0.54% of net assets.
cSecurity 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 June 30, 2011, the aggregate value of these
securities was $14,555,524, representing 3.30% of net assets.
dSee Note 6 regarding holdings of 5% voting securities.
eThe Institutional Fiduciary Trust Money Market Portfolio is managed by an affiliate of the Fund's investment manager.

ABBREVIATIONS
Selected Portfolio

GDR - Global Depository Receipt




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










Rounds to less than 0.1% of net assets.
aSecurity 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 June 30, 2011, the aggregate value of these
securities was $13,645,741, representing 4.63% of net assets.
bNon-income producing.
cSecurity was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers
or in a public offering registered under the Securities Act of 1933. This security has been deemed liquid under guidelines approved by the Trust's Board of Trustees. At June
30, 2011, the value of this security was $2,731,173, representing 0.93% of net assets.
dThe Institutional Fiduciary Trust Money Market Portfolio is managed by an affiliate of the Fund's investment manager.

ABBREVIATIONS

Currency

OMR - Omani Rial

Selected Portfolio

ADR - American Depository Receipt
GDR - Global Depository Receipt




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




























*     

The principal amount is stated in U.S. dollars unless otherwise indicated.

     

Rounds to less than 0.1% of net assets.

a     

Non-income producing.

b     

Security has been deemed illiquid because it may not be able to be sold within seven days. At June 30, 2011, the aggregate value of these securities was $1,471,611, representing 0.12% of net assets.

c     

See Note 7 regarding investment in FT Holdings Corporation IV.

d     

At June 30, 2011, pursuant to the Fund's policies and the requirements of applicable securities law, the Fund may be restricted from trading these securities for a limited or extended period of time due to ownership limits and/or potential possession of material non-public information.

e     

See Note 5 regarding Restricted securities.

f     

Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be sold in transactions exempt from registration only to qualified institutional buyers or in a public offering registered under the Securities Act of 1933. These securities have been deemed liquid under guidelines approved by the Trust's Board of Trustees. At June 30, 2011, the aggregate value of these securities was $67,360,394, representing 5.55% of net assets.

g     

Income may be received in additional securities and/or cash.

h     

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 June 30, 2011, the aggregate value of these securities was $8,205,075, representing 0.68% of net assets.

i     

The coupon rate shown represents the rate at period end.

j     

Defaulted security or security for which income has been deemed uncollectible.

k     

A portion or all of the security purchased on a delayed delivery basis.

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 1,000 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 security is traded on a discount basis with no stated coupon rate.

r     

The Institutional Fiduciary Trust Money Market Portfolio is managed by the Fund's investment manager.














  ABBREVIATIONS

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.
MSCO - Morgan Stanley & Co., Inc.
UBSW - UBS AG

Currency

AUD - Australian Dollar
BRL - Brazilian Real
EUR - Euro
GBP - British Pound
IDR - Indonesian Rupiah
KRW - South Korean Won
MXN - Mexican Peso
MYR - Malaysian Ringgit
PEN - Peruvian Nuevo
PLN - Polish Zloty

Selected Portfolio

ADR - American Depository Receipt



Templeton Global Investment Trust

Statement of Investments, June 30, 2011 (unaudited) (continued)

  AGMC - Assured Guaranty Municipal Corp.
FRN - Floating Rate Note
L/C - Letter of Credit
MTN - Medium Term Note
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 five funds (Funds).

On December 2, 2010, the Trusts Board of Trustees approved a proposal to change the name of the
following fund, effective July 1, 2011, as follows:


  2. FINANCIAL INSTRUMENT VALUATION

The Funds' investments in securities and other financial instruments are carried at fair value daily. Fair
value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants on the measurement date. Under procedures approved by the
Trust's Board of Trustees, the Funds may utilize independent pricing services, quotations from securities
and financial instrument dealers, and other market sources to determine fair value.

Equity securities and derivative financial instruments (derivatives) listed on an exchange or on the
NASDAQ National Market System are valued at the last quoted sale price or the official closing price of
the day, respectively. Foreign equity securities are valued as of the close of trading on the foreign stock
exchange on which the security is primarily traded, or the NYSE, whichever is earlier. 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. Over-the-counter securities are valued within the range
of the most recent quoted bid and ask prices. Securities that trade in multiple markets or on multiple
exchanges are valued according to the broadest and most representative market. Certain equity securities
are valued based upon fundamental characteristics or relationships to similar securities. Investments in
open-end mutual funds are valued at the closing net asset value.

Debt securities generally trade in the over-the-counter market rather than on a securities exchange. The
Funds' pricing services use multiple valuation techniques to determine fair value. In instances where
sufficient market activity exists, the pricing services may utilize a market-based approach through which
quotes from market makers are used to determine fair value. In instances where sufficient market activity
may not exist or is limited, the pricing services also utilize proprietary valuation models which may
consider market characteristics such as benchmark yield curves, option-adjusted spreads, credit spreads,
estimated default rates, coupon rates, anticipated timing of principal repayments, underlying collateral, and
other unique security features in order to estimate the relevant cash flows, which are then discounted to
calculate the fair value. Securities denominated in a foreign currency are converted into their U.S. dollar
equivalent at the foreign exchange rate in effect at the close of the NYSE on the date that the values of the
foreign debt securities are determined.

Certain derivatives trade in the over-the-counter market. The Fundspricing services use various
techniques including industry standard option pricing models and proprietary discounted cash flow models
to determine the fair value of those instruments. The Fundsnet benefit or obligation under the derivative
contract, as measured by the fair market value of the contract, is included in net assets.

The Funds have procedures to determine the fair value of securities and other financial instruments for
which market prices are not readily available or which may not be reliably priced. Under these procedures,
the Funds primarily employ a market-based approach which may use related or comparable assets or



liabilities, recent transactions, market multiples, book values, and other relevant information for the investment to determine the fair value of the investment. The Funds may also use an income-based valuation approach in which the anticipated future cash flows of the investment are discounted to calculate fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Due to the inherent uncertainty of valuations of such investments, the fair values may differ significantly from the values that would have been used had an active market existed.

Trading in securities on foreign securities stock exchanges and over-the-counter markets may be completed before the daily close of business on the NYSE. Occasionally, events occur between the time at which trading in a foreign security is completed and the close of the NYSE that might call into question the reliability of the value of a portfolio security held by the fund. As a result, differences may arise between the value of the Fundsportfolio securities as determined at the foreign market close and the latest indications of value at the close of the NYSE. In order to minimize the potential for these differences, the 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 that may call into question the reliability of the values of the foreign securities held by the Funds. If such an event occurs, the securities may be valued using fair value procedures, which may include the use of independent pricing services.

3. DERIVATIVE FINANCIAL INSTRUMENTS

The Templeton Income Fund invested in derivatives in order to manage risk or gain exposure to various other investments or markets. Derivatives are financial contracts based on an underlying or notional amount, require no initial investment or an initial net investment that is smaller than would normally be required to have a similar response to changes in market factors, and require or permit net settlement. Derivatives contain various risks including the potential inability of the counterparty to fulfill their obligations under the terms of the contract, the potential for an illiquid secondary market, and/or the potential for market movements.

The Templeton Income Fund entered into forward exchange contracts primarily to manage and/or gain exposure to certain foreign currencies. A forward exchange contract is an agreement between the fund and a counterparty to buy or sell a foreign currency for a specific exchange rate on a future date. Pursuant to the terms of the forward exchange contracts, cash or securities may be required to be deposited as collateral. Unrestricted cash may be invested according to the fundsinvestment objectives.

4. INCOME TAXES

At June 30, 2011, the cost of investments and net unrealized appreciation (depreciation) for income tax purposes were as follows:





  7. FT HOLDINGS CORPORATION IV

The Templeton Income Fund invests in certain securities through its investment in FT Holdings
Corporation IV, a Delaware Corporation and a wholly-owned subsidiary (Subsidiary) of the fund. The
Subsidiary has the ability to invest in securities consistent with the investment objective of the fund. At
June 30, 2011, all Subsidiary investments are reflected in the funds Statement of Investments.

8. FAIR VALUE MEASUREMENTS

The Trust follows a fair value hierarchy that distinguishes between market data obtained from independent
sources (observable inputs) and the Trusts own market assumptions (unobservable inputs). These inputs
are used in determining the value of the Fundsinvestments and are summarized in the following fair value
hierarchy:
i Level 1 quoted prices in active markets for identical securities
i Level 2 other significant observable inputs (including quoted prices for similar securities,
interest rates, prepayment speed, credit risk, etc.)
i Level 3 significant unobservable inputs (including the Fundsown 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.

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

The following is a summary of the inputs used as of June 30, 2011, in valuing the Fundsassets and
liabilities carried at fair value:







  9. NEW ACCOUNTING PRONOUNCEMENTS

In May 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update
(ASU) No. 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value
Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards
(IFRS). The amendments in the ASU will improve the comparability of fair value measurements presented
and disclosed in financial statements prepared in accordance with U.S. GAAP and IFRS and include new
guidance for certain fair value measurement principles and disclosure requirements. The ASU is effective
for interim and annual periods beginning after December 15, 2011. The Funds are currently evaluating the
impact, if any, of applying this provision.

10. SUBSEQUENT EVENTS

The Funds have evaluated subsequent events through the issuance of the Statements of Investments and
determined that no events have occurred that require disclosure other than those already disclosed in the
Statements of Investments.

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



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: August 25, 2011

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: August 25, 2011

By /s/ MARK OTANI_________________
Mark Otani
Chief Financial Officer and
Chief Accounting Officer
Date: August 25, 2011