NPORT-EX 2 TGIT.htm
Not
FDIC
Insured
May
Lose
Value
No
Bank
Guarantee
325-Q1PH
1
Schedule
of
Investments
(unaudited)
Templeton
Global
Balanced
Fund
2
Notes
to
Schedule
of
Investments
10
Templeton
Global
Investment
Trust
Schedule
of
Investments
(unaudited),
March
31,
2025
Templeton
Global
Balanced
Fund
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
2
.
a
a
Industry
Shares
a
Value
a
Common
Stocks
46.9%
China
0.8%
Lenovo
Group
Ltd.
...............
Technology
Hardware,
Storage
&
Peripherals
1,652,000
$
2,245,005
Germany
7.0%
Daimler
Truck
Holding
AG
..........
Machinery
59,002
2,390,146
Deutsche
Post
AG
................
Air
Freight
&
Logistics
91,560
3,930,972
Deutsche
Telekom
AG
.............
Diversified
Telecommunication
Services
112,896
4,168,119
Fresenius
Medical
Care
AG
.........
Health
Care
Providers
&
Services
83,189
4,139,485
Infineon
Technologies
AG
..........
Semiconductors
&
Semiconductor
Equipment
56,040
1,868,088
Siemens
AG
....................
Industrial
Conglomerates
16,778
3,874,817
20,371,627
Japan
5.6%
Mitsubishi
Electric
Corp.
...........
Electrical
Equipment
210,000
3,872,880
SoftBank
Corp.
..................
Wireless
Telecommunication
Services
4,535,400
6,326,771
Sumitomo
Mitsui
Financial
Group,
Inc.
.
Banks
242,100
6,225,507
16,425,158
Netherlands
2.2%
ING
Groep
NV
..................
Banks
205,411
4,024,270
SBM
Offshore
NV
................
Energy
Equipment
&
Services
112,783
2,403,277
6,427,547
South
Africa
0.0%
a,b,c
K2016470219
South
Africa
Ltd.
,
A
....
Broadline
Retail
32,900,733
—
a,b,c
K2016470219
South
Africa
Ltd.
,
B
....
Broadline
Retail
4,646,498
—
—
South
Korea
1.7%
Samsung
Electronics
Co.
Ltd.
.......
Technology
Hardware,
Storage
&
Peripherals
125,905
4,991,563
Taiwan
1.7%
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.
......................
Semiconductors
&
Semiconductor
Equipment
181,300
5,105,950
United
Kingdom
9.8%
AstraZeneca
plc
.................
Pharmaceuticals
41,459
6,088,040
Barratt
Redrow
plc
...............
Household
Durables
705,586
3,881,324
d
HSBC
Holdings
plc
,
ADR
..........
Banks
70,100
4,025,843
Imperial
Brands
plc
...............
Tobacco
184,213
6,816,227
Lloyds
Banking
Group
plc
..........
Banks
4,342,175
4,072,599
Standard
Chartered
plc
............
Banks
266,723
3,958,002
28,842,035
United
States
18.1%
Alphabet,
Inc.
,
A
.................
Interactive
Media
&
Services
32,548
5,033,223
AT&T,
Inc.
......................
Diversified
Telecommunication
Services
150,859
4,266,292
BP
plc
.........................
Oil,
Gas
&
Consumable
Fuels
1,140,471
6,399,701
Cisco
Systems,
Inc.
..............
Communications
Equipment
65,477
4,040,586
CNH
Industrial
NV
................
Machinery
311,090
3,820,185
Delta
Air
Lines,
Inc.
...............
Passenger
Airlines
35,722
1,557,479
DuPont
de
Nemours,
Inc.
..........
Chemicals
52,772
3,941,013
KeyCorp
.......................
Banks
245,453
3,924,793
PNC
Financial
Services
Group,
Inc.
(The)
........................
Banks
20,141
3,540,184
Shell
plc
.......................
Oil,
Gas
&
Consumable
Fuels
114,373
4,185,435
Target
Corp.
....................
Consumer
Staples
Distribution
&
Retail
29,722
3,101,788
UnitedHealth
Group,
Inc.
...........
Health
Care
Providers
&
Services
7,841
4,106,724
Templeton
Global
Investment
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Balanced
Fund
(continued)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
3
a
a
Industry
Shares
a
Value
a
Common
Stocks
(continued)
United
States
(continued)
Wells
Fargo
&
Co.
................
Banks
70,544
$
5,064,354
52,981,757
Total
Common
Stocks
(Cost
$
109,437,080
)
.....................................
137,390,642
a
Equity-Linked
Securities
5.5%
United
States
5.5%
e
Royal
Bank
of
Canada
into
Fidelity
National
Information
Services,
Inc.
,
144A,
7.71
%
,
2/03/26
............
Financial
Services
51,754
3,897,079
e
Royal
Bank
of
Canada
into
Freeport-
McMoRan,
Inc.
,
144A,
16.79
%
,
2/03/26
......................
Metals
&
Mining
109,221
3,988,243
e
Royal
Bank
of
Canada
into
Zimmer
Biomet
Holdings,
Inc.
,
144A,
6.41
%
,
2/03/26
......................
Health
Care
Equipment
&
Supplies
36,631
4,072,052
e
Wells
Fargo
Bank
NA
into
HCA
Healthcare,
Inc.
,
144A,
8.77
%
,
2/04/26
......................
Health
Care
Providers
&
Services
13,000
4,250,183
16,207,557
Total
Equity-Linked
Securities
(Cost
$
16,404,343
)
...............................
16,207,557
Principal
Amount
*
a
a
a
a
a
Corporate
Bonds
0.0%
South
Africa
0.0%
a
,e
,f
,g
K2016470219
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
3
%
,
12/31/22
.....................
Broadline
Retail
2,851,217
—
Senior
Secured
Note
,
144A,
PIK,
8
%
,
12/31/22
.....................
Broadline
Retail
2,929,327
EUR
—
a
,e
,f
,g
K2016470260
South
Africa
Ltd.
,
Senior
Secured
Note
,
144A,
PIK,
25
%
,
12/31/22
.....................
Broadline
Retail
1,782,466
—
—
Total
Corporate
Bonds
(Cost
$
4,389,520
)
.......................................
—
a
a
Industry
Principal
Amount
*
a
Value
Foreign
Government
and
Agency
Securities
34.6%
Brazil
2.3%
Brazil
Notas
do
Tesouro
Nacional
,
10
%
,
1/01/31
..................
14,887,000
BRL
2,149,751
10
%
,
1/01/33
..................
22,573,000
BRL
3,124,289
F
,
10
%
,
1/01/29
................
10,513,000
BRL
1,610,074
6,884,114
Colombia
3.7%
Colombia
Government
Bond
,
Senior
Bond
,
9.85
%
,
6/28/27
............
83,000,000
COP
19,517
Colombia
Titulos
de
Tesoreria
,
B
,
7
%
,
3/26/31
.................
5,042,200,000
COP
971,983
B
,
13.25
%
,
2/09/33
.............
3,803,300,000
COP
961,728
Templeton
Global
Investment
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Balanced
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
4
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
Colombia
(continued)
Colombia
Titulos
de
Tesoreria,
(continued)
B
,
7.25
%
,
10/18/34
.............
6,802,000,000
COP
$
1,183,330
B
,
6.25
%
,
7/09/36
..............
15,617,200,000
COP
2,350,398
B
,
9.25
%
,
5/28/42
..............
28,915,500,000
COP
5,248,605
10,735,561
Dominican
Republic
1.6%
e
Dominican
Republic
Government
Bond
,
Senior
Bond
,
144A,
5.3
%
,
1/21/41
..
2,030,000
1,712,609
Senior
Bond
,
144A,
6.4
%
,
6/05/49
..
760,000
710,752
Senior
Bond
,
144A,
5.875
%
,
1/30/60
2,634,000
2,228,891
4,652,252
Ecuador
1.0%
e
Ecuador
Government
Bond
,
Senior
Bond
,
144A,
5.5
%
,
7/31/35
........
5,935,000
2,915,971
Egypt
1.1%
Egypt
Government
Bond
,
25.151
%
,
4/16/27
...............
101,600,000
EGP
2,111,524
e
Senior
Bond
,
144A,
8.75
%
,
9/30/51
.
1,030,000
791,341
e
Senior
Bond
,
144A,
7.5
%
,
2/16/61
..
510,000
341,675
3,244,540
El
Salvador
0.0%
†
e
El
Salvador
Government
Bond
,
Senior
Bond
,
144A,
7.65
%
,
6/15/35
.......
25,000
23,194
Gabon
2.2%
e
Gabon
Government
Bond
,
Senior
Bond
,
144A,
6.95
%
,
6/16/25
.
2,730,000
2,714,197
Senior
Bond
,
144A,
6.625
%
,
2/06/31
2,520,000
1,976,089
Senior
Bond
,
144A,
7
%
,
11/24/31
...
2,160,000
1,691,415
6,381,701
Ghana
0.5%
f
Ghana
Government
Bond
,
PIK,
8.35
%
,
2/16/27
.............
3,497,849
GHS
181,352
PIK,
8.5
%
,
2/15/28
..............
3,485,803
GHS
161,412
PIK,
8.65
%
,
2/13/29
.............
3,743,677
GHS
156,051
PIK,
8.8
%
,
2/12/30
..............
4,366,567
GHS
169,766
PIK,
8.95
%
,
2/11/31
.............
1,662,004
GHS
59,968
PIK,
9.1
%
,
2/10/32
..............
4,347,500
GHS
149,098
PIK,
9.25
%
,
2/08/33
.............
3,543,262
GHS
115,235
PIK,
9.4
%
,
2/07/34
..............
3,398,749
GHS
107,107
PIK,
9.55
%
,
2/06/35
.............
2,956,443
GHS
91,072
PIK,
9.7
%
,
2/05/36
..............
3,642,421
GHS
108,213
PIK,
9.85
%
,
2/03/37
.............
2,066,847
GHS
60,824
PIK,
10
%
,
2/02/38
..............
2,994,077
GHS
87,699
1,447,797
India
5.4%
India
Government
Bond
,
Senior
Bond
,
7.26
%
,
8/22/32
......
664,300,000
INR
8,115,788
Senior
Bond
,
7.18
%
,
8/14/33
......
221,200,000
INR
2,681,580
Templeton
Global
Investment
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Balanced
Fund
(continued)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
5
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
India
(continued)
India
Government
Bond,
(continued)
Senior
Note
,
7.1
%
,
4/18/29
.......
426,000,000
INR
$
5,094,763
15,892,131
Ivory
Coast
0.5%
e
Ivory
Coast
Government
Bond
,
Senior
Bond
,
144A,
6.875
%
,
10/17/40
957,000
EUR
871,325
Senior
Bond
,
144A,
6.625
%
,
3/22/48
650,000
EUR
549,881
1,421,206
Kazakhstan
3.2%
Kazakhstan
MEOKAM
,
10.67
%
,
1/21/26
................
159,600,000
KZT
304,569
15.35
%
,
11/18/27
...............
27,100,000
KZT
52,792
Kazakhstan
MEUKAM
,
9
%
,
7/03/27
...................
365,400,000
KZT
649,708
10.4
%
,
4/12/28
................
225,400,000
KZT
400,255
15.3
%
,
3/03/29
................
833,280,000
KZT
1,667,196
10.55
%
,
7/28/29
................
54,200,000
KZT
93,019
11
%
,
2/04/30
..................
127,900,000
KZT
221,000
12
%
,
3/07/30
..................
265,690,000
KZT
475,673
12
%
,
2/22/31
..................
354,290,000
KZT
620,319
10.3
%
,
3/17/31
................
1,747,020,000
KZT
2,835,182
14
%
,
5/12/31
..................
215,190,000
KZT
412,203
Senior
Bond
,
5
%
,
4/18/28
........
207,450,000
KZT
316,865
Senior
Bond
,
5.5
%
,
9/20/28
.......
388,700,000
KZT
583,704
Senior
Bond
,
7.68
%
,
8/13/29
......
564,500,000
KZT
861,712
9,494,197
Kenya
2.2%
e
Kenya
Government
Bond
,
Senior
Note
,
144A,
9.75
%
,
2/16/31
............
6,490,000
6,360,362
Mexico
2.4%
Petroleos
Mexicanos
,
e
Senior
Bond
,
Reg
S,
4.875
%
,
2/21/28
1,920,000
EUR
1,976,104
e
Senior
Bond
,
Reg
S,
4.75
%
,
2/26/29
1,030,000
EUR
1,025,106
Senior
Note
,
6.84
%
,
1/23/30
......
4,240,000
3,888,919
6,890,129
Nigeria
0.6%
e
Nigeria
Government
Bond
,
Senior
Bond
,
144A,
10.375
%
,
12/09/34
.........
1,860,000
1,870,172
Panama
1.4%
Panama
Government
Bond
,
Senior
Bond
,
6.4
%
,
2/14/35
.......
590,000
555,013
Senior
Bond
,
6.7
%
,
1/26/36
.......
2,650,000
2,543,603
Senior
Bond
,
6.875
%
,
1/31/36
.....
1,150,000
1,108,801
4,207,417
Rwanda
1.3%
e
Rwanda
Government
Bond
,
Senior
Bond
,
144A,
5.5
%
,
8/09/31
........
4,800,000
3,900,780
Templeton
Global
Investment
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Balanced
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
6
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
South
Africa
2.9%
South
Africa
Government
Bond
,
Senior
Bond
,
8.875
%
,
2/28/35
.....
93,070,000
ZAR
$
4,545,062
Senior
Bond
,
8.5
%
,
1/31/37
.......
33,770,000
ZAR
1,531,806
Senior
Bond
,
9
%
,
1/31/40
........
47,450,000
ZAR
2,139,194
Senior
Bond
,
8.75
%
,
1/31/44
......
3,360,000
ZAR
143,798
8,359,860
Uruguay
2.3%
h
Uruguay
Government
Bond
,
Index
Linked,
Senior
Bond
,
3.7
%
,
6/26/37
......................
51,041,240
UYU
1,265,949
Index
Linked,
Senior
Bond
,
3.875
%
,
7/02/40
......................
212,703,999
UYU
5,401,253
6,667,202
Total
Foreign
Government
and
Agency
Securities
(Cost
$
108,018,077
)
............
101,348,586
U.S.
Government
and
Agency
Securities
1.4%
United
States
1.4%
U.S.
Treasury
Bonds
,
3.375
%,
8/15/42
................
3,020,000
2,590,122
3.75
%,
11/15/43
................
1,550,000
1,384,344
3,974,466
Total
U.S.
Government
and
Agency
Securities
(Cost
$
4,218,735
)
..................
3,974,466
Shares
Escrows
and
Litigation
Trusts
0.0%
†
a,b
K2016470219
South
Africa
Ltd.,
Escrow
Account
......................
168,113
2,417
Total
Escrows
and
Litigation
Trusts
(Cost
$
–
)
...................................
2,417
Total
Long
Term
Investments
(Cost
$
242,467,755
)
...............................
258,923,668
Short
Term
Investments
9.8%
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
Foreign
Government
and
Agency
Securities
4.3%
Egypt
4.3%
i
Egypt
Treasury
Bills
,
23
.19
%
,
6/10/25
................
38,900,000
EGP
735,583
23
.52
%
,
6/17/25
................
60,250,000
EGP
1,133,638
23
.78
%
,
6/24/25
................
345,350,000
EGP
6,466,102
24
.57
%
,
9/09/25
................
134,525,000
EGP
2,395,317
23
.87
%
,
3/10/26
................
74,375,000
EGP
1,197,565
23
.75
%
,
3/24/26
................
51,300,000
EGP
820,620
12,748,825
Total
Foreign
Government
and
Agency
Securities
(Cost
$
12,644,153
)
..............
12,748,825
Templeton
Global
Investment
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Balanced
Fund
(continued)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
7
Short
Term
Investments
(continued)
a
a
Industry
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
4.3%
United
States
4.3%
j,k
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.052
%
.........
12,683,391
$
12,683,391
Total
Money
Market
Funds
(Cost
$
12,683,391
)
..................................
12,683,391
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
1.2%
Money
Market
Funds
1.2%
j,k
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
4.052
%
.........
3,372,000
3,372,000
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$
3,372,000
)
.................................................................
3,372,000
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$
28,699,544
)
................................
28,804,216
a
a
a
Total
Investments
(Cost
$
271,167,299
)
98.2
%
...................................
$287,727,884
Other
Assets,
less
Liabilities
1.8
%
.............................................
5,291,831
Net
Assets
100.0%
...........................................................
$293,019,715
a
a
a
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
Fair
valued
using
significant
unobservable
inputs.
See
Note
5
regarding
fair
value
measurements.
b
Non-income
producing.
c
See
Note
3
regarding
restricted
securities.
d
A
portion
or
all
of
the
security
is
on
loan
at
March
31,
2025.
e
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
March
31,
2025,
the
aggregate
value
of
these
securities
was
$47,867,421,
representing
16.3%
of
net
assets.
f
Income
may
be
received
in
additional
securities
and/or
cash.
g
Defaulted
security
or
security
for
which
income
has
been
deemed
uncollectible.
h
Principal
amount
of
security,
redemption
price
at
maturity,
and/or
coupon
payments
are
adjusted
for
inflation.
i
The
rate
shown
represents
the
yield
at
period
end.
j
See
Note
4
regarding
investments
in
affiliated
management
investment
companies.
k
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Templeton
Global
Investment
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Balanced
Fund
(continued)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
8
At
March
31,
2025
,
the
Fund
had
the
following
forward
exchange
contracts
outstanding.
Forward
Exchange
Contracts
Currency
Counter-
party
a
Type
Quantity
Contract
Amount
*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
Brazilian
Real
......
JPHQ
Buy
15,490,000
2,534,665
4/02/25
$
179,806
$
—
Brazilian
Real
......
JPHQ
Sell
15,490,000
2,697,666
4/02/25
—
(
16,806
)
Japanese
Yen
......
HSBK
Buy
88,900,000
618,858
4/07/25
—
(
25,825
)
Japanese
Yen
......
MSCO
Buy
79,300,000
552,710
4/07/25
—
(
23,716
)
Norwegian
Krone
...
MSCO
Buy
18,480,000
1,736,065
4/10/25
20,478
—
Chilean
Peso
......
HSBK
Buy
798,100,000
808,891
4/29/25
31,544
—
Chilean
Peso
......
JPHQ
Buy
902,400,000
914,443
4/29/25
35,824
—
Brazilian
Real
......
JPHQ
Buy
41,631,946
6,964,193
5/05/25
286,948
—
Euro
.............
DBAB
Sell
1,326,142
15,490,000
NOK
5/12/25
35,230
—
Norwegian
Krone
...
DBAB
Buy
25,371,000
2,266,047
5/12/25
145,511
—
Chinese
Yuan
......
DBAB
Sell
25,178,838
3,503,157
5/20/25
25,745
—
Chinese
Yuan
......
CITI
Sell
13,826,173
1,925,162
5/22/25
15,407
—
Hungarian
Forint
....
BNDP
Buy
3,021,200,000
7,668,994
5/27/25
418,239
—
Hungarian
Forint
....
BNDP
Sell
3,021,200,000
7,482,209
5/27/25
—
(
605,023
)
Mexican
Peso
......
BNDP
Buy
35,665,397
1,727,305
5/27/25
2,415
—
Mexican
Peso
......
HSBK
Buy
74,697,516
3,620,381
5/27/25
2,341
—
Chilean
Peso
......
JPHQ
Buy
1,185,600,000
1,278,758
6/10/25
—
(
30,762
)
Mexican
Peso
......
BNDP
Buy
12,961,169
629,262
6/10/25
—
(
1,806
)
Mexican
Peso
......
HSBK
Buy
40,807,000
1,981,403
6/10/25
—
(
5,915
)
Australian
Dollar
....
MSCO
Buy
6,160,000
3,940,182
6/12/25
—
(
88,845
)
Chinese
Yuan
......
HSBK
Sell
23,329,346
3,238,673
6/18/25
10,691
—
Mexican
Peso
......
CITI
Buy
132,090,000
6,453,015
6/24/25
—
(
69,736
)
Australian
Dollar
....
JPHQ
Buy
1,807,000
1,138,717
6/25/25
—
(
8,815
)
Chinese
Yuan
......
HSBK
Sell
44,700,000
6,168,214
6/27/25
—
(
20,335
)
Chinese
Yuan
......
MSCO
Sell
48,270,000
6,661,441
6/27/25
—
(
21,362
)
Brazilian
Real
......
JPHQ
Buy
15,490,000
2,646,009
7/02/25
15,368
—
Euro
.............
BNDP
Sell
2,324,000
2,393,929
7/15/25
—
(
133,952
)
Euro
.............
BOFA
Buy
1,436,300
1,519,620
7/15/25
42,684
—
Euro
.............
BOFA
Sell
2,092,178
2,156,879
7/15/25
—
(
118,843
)
Euro
.............
BZWS
Sell
2,446,822
2,532,118
7/16/25
—
(
129,511
)
Euro
.............
JPHQ
Sell
2,447,000
2,529,806
7/16/25
—
(
132,016
)
Japanese
Yen
......
BNDP
Buy
239,887,530
1,554,413
7/16/25
63,743
—
Japanese
Yen
......
BOFA
Buy
1,149,710,460
7,505,936
7/17/25
250,213
—
Japanese
Yen
......
DBAB
Buy
1,185,818,260
7,738,500
7/17/25
261,239
—
Chilean
Peso
......
HSBK
Buy
981,900,000
977,628
7/23/25
55,402
—
Malaysian
Ringgit
...
GSCO
Buy
40,100,000
9,194,085
8/04/25
—
(
107,460
)
Japanese
Yen
......
JPHQ
Buy
251,863,750
1,685,592
8/13/25
18,292
—
Chinese
Yuan
......
CITI
Sell
13,895,094
1,926,369
8/21/25
—
(
4,770
)
Chinese
Yuan
......
DBAB
Sell
13,884,554
1,924,775
8/21/25
—
(
4,899
)
Chinese
Yuan
......
JPHQ
Sell
11,046,180
1,531,469
8/21/25
—
(
3,728
)
Malaysian
Ringgit
...
GSCO
Buy
37,580,000
8,540,909
9/15/25
—
(
13,600
)
South
Korean
Won
..
DBAB
Buy
12,349,810,000
8,556,944
9/17/25
—
(
103,549
)
South
Korean
Won
..
HSBK
Buy
6,991,300,000
4,842,291
9/17/25
—
(
56,774
)
Australian
Dollar
....
DBAB
Buy
2,688,000
1,694,394
9/22/25
—
(
12,405
)
Total
Forward
Exchange
Contracts
...................................................
$1,917,120
$(1,740,453)
Net
unrealized
appreciation
(depreciation)
............................................
$176,667
*
In
U.S.
dollars
unless
otherwise
indicated.
a
May
be
comprised
of
multiple
contracts
with
the
same
counterparty,
currency
and
settlement
date.
Templeton
Global
Investment
Trust
Schedule
of
Investments
(unaudited)
Templeton
Global
Balanced
Fund
(continued)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
9
At
March
31,
2025
,
the
Fund
had
the
following interest
rate swap
contracts
outstanding.
Interest
Rate
Swap
Contracts
Description
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Amount
*
Value
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
aa
aa
aa
aa
Centrally
Cleared
Swap
Contracts
Receive
Fixed
11.38%
..
At
Maturity
Pay
Floating
1-day
BRL
CDI
..............
At
Maturity
1/04/27
14,834,940
BRL
$
(
154,249
)
$
—
$
(
154,249
)
Receive
Fixed
11.5%
..
At
Maturity
Pay
Floating
1-day
BRL
CDI
..............
At
Maturity
1/04/27
15,606,306
BRL
(
155,000
)
—
(
155,000
)
Receive
Fixed
14.768%
At
Maturity
Pay
Floating
1-day
BRL
CDI
..............
At
Maturity
1/04/27
120,684
BRL
(
27
)
—
(
27
)
Receive
Fixed
11.342%
.
At
Maturity
Pay
Floating
1-day
BRL
CDI
..............
At
Maturity
1/02/29
6,749,967
BRL
(
136,302
)
—
(
136,302
)
Receive
Fixed
14.792%
At
Maturity
Pay
Floating
1-day
BRL
CDI
..............
At
Maturity
1/02/29
15,155,685
BRL
26,768
—
26,768
Receive
Fixed
15.09%
.
At
Maturity
Pay
Floating
1-day
BRL
CDI
..............
At
Maturity
1/02/29
4,466,348
BRL
16,605
—
16,605
Receive
Fixed
8.87%
..
Monthly
Pay
Floating
1-day
TIIEOIS
..........
Monthly
11/14/31
153,090,000
MXN
273,705
—
273,705
Total
Interest
Rate
Swap
Contracts
....................................
$(128,500)
$
—
$(128,500)
*
In
U.S.
dollars
unless
otherwise
indicated.
See
Abbreviations
on
page
14
.
Templeton
Global
Investment
Trust
Notes
to
Schedule
of
Investments
(unaudited)
Templeton
Global
Balanced
Fund
10
Quarterly
Schedule
of
Investments
1.
Organization
Templeton
Global
Investment
Trust (Trust)
is
registered
under
the
Investment
Company
Act
of
1940
(1940
Act)
as
an
open-end
management
investment
company,
consisting
of three
separate
funds,
one
of
which is
included
in
this
report
(Fund).
The Fund
follows
the
accounting
and
reporting
guidance
in
Financial
Accounting
Standards
Board
(FASB)
Accounting
Standards
Codification
Topic
946,
Financial
Services
–
Investment
Companies
(ASC
946)
and
applies
the
specialized
accounting
and
reporting
guidance
in
U.S.
Generally
Accepted
Accounting
Principles
(U.S.
GAAP),
including,
but
not
limited
to,
ASC
946.
2. Financial
Instrument
Valuation
The
Fund's investments
in
financial
instruments
are
carried
at
fair
value
daily.
Fair
value
is
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
on
the
measurement
date.
The
Fund
calculates the
net
asset
value
(NAV)
per
share
each
business
day
as
of
4
p.m.
Eastern
time
or
the
regularly
scheduled
close
of
the
New
York
Stock
Exchange
(NYSE),
whichever
is
earlier.
Under
compliance
policies
and
procedures
approved
by
the Trust's
Board
of
Trustees
(the
Board),
the
Board
has
designated
the
Fund's
investment
manager
as
the
valuation
designee
and
has
responsibility
for
oversight
of
valuation.
The
investment
manager
is
assisted
by
the
Fund's administrator
in
performing
this responsibility,
including
leading
the
cross-functional
Valuation
Committee
(VC).
The
Fund
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 listed
on
an
exchange
or
on
the
NASDAQ
National
Market
System
are
valued
at
the
last
quoted
sale
price
or
the
official
closing
price of
the
day,
respectively.
Foreign
equity
securities
are
valued
as
of
the
close
of
trading
on
the
foreign
stock
exchange
on
which
the
security
is
primarily
traded
or
as
of
4
p.m.
Eastern
time.
The
value
is
then
converted
into
its
U.S.
dollar
equivalent
at
the
foreign
exchange
rate
in
effect
at
4
p.m.
Eastern
time
on
the
day
that
the
value
of
the
security
is
determined.
Over-the-counter
(OTC)
securities
are
valued
within
the
range
of
the
most
recent
quoted
bid
and
ask
prices.
Securities
that
trade
in
multiple
markets
or
on
multiple
exchanges
are
valued
according
to
the
broadest
and
most
representative
market.
Certain
equity
securities
are
valued
based
upon
fundamental
characteristics
or
relationships
to
similar
securities. 
Debt
securities
generally
trade
in
the
OTC
market
rather
than
on
a
securities
exchange.
The Fund's
pricing
services
use
multiple
valuation
techniques
to
determine
fair
value.
In
instances
where
sufficient
market
activity
exists,
the
pricing
services
may
utilize
a
market-based
approach
through
which
quotes
from
market
makers
are
used
to
determine
fair
value.
In
instances
where
sufficient
market
activity
may
not
exist
or
is
limited,
the
pricing
services
also
utilize
proprietary
valuation
models
which
may
consider
market
characteristics
such
as
benchmark
yield
curves,
credit
spreads,
estimated
default
rates,
anticipated
market
interest
rate
volatility,
coupon
rates,
anticipated
timing
of
principal
repayments,
underlying
collateral,
and
other
unique
security
features
in
order
to
estimate
the
relevant
cash
flows,
which
are
then
discounted
to
calculate
the
fair
value.
Securities
denominated
in
a
foreign
currency
are
converted
into
their
U.S.
dollar
equivalent
at
the
foreign
exchange
rate
in
effect
at
4
p.m.
Eastern
time
on
the
date
that
the
values
of
the
foreign
debt
securities
are
determined.
Investments
in
open-end
mutual
funds
are
valued
at
the
closing
NAV.
Certain
derivative
financial
instruments
are
centrally
cleared
or
trade
in
the
OTC
market.
The Fund’s
pricing
services
use
various
techniques
including
industry
standard
option
pricing
models
and
proprietary
discounted
cash
flow
models
to
determine
the
fair
value
of
those
instruments.
The Fund’s
net
benefit
or
obligation
under
the
derivative
contract,
as
measured
by
the
fair
value
of
the
contract,
is
included
in
net
assets. 
The
Fund
has procedures
to
determine
the
fair
value
of
financial
instruments
for
which
market
prices
are
not
reliable
or
readily
available.
Under
these
procedures,
the
Fund
primarily employs
a
market-based
approach
which
may
use
related
or
comparable
assets
or
liabilities,
recent
transactions,
market
multiples,
and
other
relevant
information
for
the
investment
to
determine
the
fair
value
of
the
investment.
An
income-based
valuation
approach
may
also
be
used
in
which
the
anticipated
Templeton
Global
Investment
Trust
Notes
to
Schedule
of
Investments
(unaudited)
11
Quarterly
Schedule
of
Investments
Templeton
Global
Balanced
Fund
(continued)
future
cash
flows
of
the
investment
are
discounted
to
calculate
fair
value.
Discounts
may
also
be
applied
due
to
the
nature
or
duration
of
any
restrictions
on
the
disposition
of
the
investments.
Due
to
the
inherent
uncertainty
of
valuations
of
such
investments,
the
fair
values
may
differ
significantly
from
the
values
that
would
have
been
used
had
an
active
market
existed. 
Trading
in
securities
on
foreign
securities
stock
exchanges
and
OTC
markets
may
be
completed
before
4
p.m.
Eastern
time.
In
addition,
trading
in
certain
foreign
markets
may
not
take
place
on
every
Fund’s
business
day.
Events
can
occur
between
the
time
at
which
trading
in
a
foreign
security
is
completed
and
4
p.m.
Eastern
time
that
might
call
into
question
the
reliability
of
the
value
of
a
portfolio
security
held
by
the
Fund.
As
a
result,
differences
may
arise
between
the
value
of
the
Fund’s
portfolio securities
as
determined
at
the
foreign
market
close
and
the
latest
indications
of
value
at
4
p.m.
Eastern
time.
In
order
to
minimize
the
potential
for
these
differences,
an
independent
pricing
service
may
be
used
to
adjust
the
value
of
the
Fund's
portfolio
securities
to
the
latest
indications
of
fair
value
at 4
p.m.
Eastern
time.
At
March
31,
2025,
certain
securities
may
have
been
fair
valued
using
these
procedures,
in
which
case
the
securities
were
categorized
as
Level
2
within
the
fair
value
hierarchy
(referred
to
as
"market
level
fair
value").
See
the
Fair
Value
Measurements
note
for
more
information.
When
the
last
day
of
the
reporting
period
is
a
non-business
day,
certain
foreign
markets
may
be
open
on
those
days
that
the
Fund’s
NAV
is
not
calculated,
which
could
result
in
differences
between
the
value
of
the
Fund’s
portfolio
securities
on
the
last
business
day
and
the
last
calendar
day
of
the
reporting
period.
Any
security
valuation
changes
due
to
an
open
foreign
market
are
adjusted
and
reflected
by
the
Fund for
financial
reporting
purposes.
3.
Restricted
Securities
At
March
31,
2025,
investments
in
restricted
securities,
excluding
securities
exempt
from
registration
under
the
Securities
Act
of
1933,
were
as
follows:
Shares
Issuer
Acquisition
Date
Cost
Value
Templeton
Global
Balanced
Fund
32,900,733
a
K2016470219
South
Africa
Ltd.,
A
...............
2/08/13
-
2/01/17
$
81,025
$
—
4,646,498
a
K2016470219
South
Africa
Ltd.,
B
...............
2/01/17
3,450
—
Total
Restricted
Securities
(Value
is
—%
of
Net
Assets)
...............
$84,475
$—
a
The
Fund
also
invests
in
unrestricted
securities
of
the
issuer,
valued
at
$2,417
as
of
March
31,
2025.
2. Financial
Instrument
Valuation
(continued)
Templeton
Global
Investment
Trust
Notes
to
Schedule
of
Investments
(unaudited)
12
Quarterly
Schedule
of
Investments
Templeton
Global
Balanced
Fund
(continued)
4.
Investments
in
Affiliated
Management
Investment
Companies
The
Fund
invests
in
one
or
more
affiliated
management
investment
companies.
As
defined
in
the
1940
Act,
an
investment
is
deemed
to
be
a
"Controlled
Affiliate"
of
a
fund
when
a
fund
owns,
either
directly
or
indirectly,
25%
or
more
of
the
affiliated
fund's
outstanding
shares
or
has
the
power
to
exercise
control
over
management
or
policies
of
such
fund.
The
Fund
does
not
invest
for
purposes
of
exercising
a
controlling
influence
over
the
management
or
policies.
During
the
period
ended
March
31,
2025,
the
Fund
held
investments
in
affiliated
management
investment
companies
as
follows:
5. Fair
Value
Measurements
The Fund
follows a
fair
value
hierarchy
that
distinguishes
between
market
data
obtained
from
independent
sources
(observable
inputs)
and
the Fund's
own
market
assumptions
(unobservable
inputs).
These
inputs
are
used
in
determining
the
value
of
the
Fund's
financial
instruments
and
are
summarized
in
the
following
fair
value
hierarchy:
• Level
1
–
quoted
prices
in
active
markets
for
identical
financial
instruments
• Level
2
–
other
significant
observable
inputs
(including
quoted
prices
for
similar
financial
instruments,
interest
rates,
prepayment
speed,
credit
risk,
etc.)
• Level
3
–
significant
unobservable
inputs
(including
the
Fund's
own
assumptions
in
determining
the
fair
value
of
financial
instruments)
The
input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level.
A
summary
of
inputs
used
as
of
March
31,
2025,
in
valuing
the Fund's
assets
and
liabilities carried
at
fair
value,
is
as
follows:  
    aa
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares
Held
at
End
of
Period
Investment
Income
a      
a  
a  
a  
a  
a  
a  
a  
Templeton
Global
Balanced
Fund
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.052%
$5,983,330
$37,540,108
$(30,840,047)
$—
$—
$12,683,391
12,683,391
$93,449
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
4.052%
$—
$18,437,000
$(15,065,000)
$—
$—
$3,372,000
3,372,000
$11,219
Total
Affiliated
Securities
...
$5,983,330
$55,977,108
$(45,905,047)
$—
$—
$16,055,391
$104,668
Level
1
Level
2
Level
3
Total
Templeton
Global
Balanced
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
China
...............................
$
—
$
2,245,005
$
—
$
2,245,005
Germany
.............................
—
20,371,627
—
20,371,627
Japan
...............................
—
16,425,158
—
16,425,158
Netherlands
...........................
—
6,427,547
—
6,427,547
South
Africa
...........................
—
—
—
a
—
Templeton
Global
Investment
Trust
Notes
to
Schedule
of
Investments
(unaudited)
13
Quarterly
Schedule
of
Investments
Templeton
Global
Balanced
Fund
(continued)
A
reconciliation
in
which
Level
3
inputs
are
used
in
determining
fair
value
is
presented
when
there
are
significant
Level
3
assets
and/or
liabilities
at
the
beginning
and/or
end
of
the
period.
Level
1
Level
2
Level
3
Total
Templeton
Global
Balanced
Fund
(continued)
Assets:
(continued)
Investments
in
Securities:
(continued)
Common
Stocks:
(continued)
South
Korea
..........................
$
—
$
4,991,563
$
—
$
4,991,563
Taiwan
...............................
—
5,105,950
—
5,105,950
United
Kingdom
........................
4,025,843
24,816,192
—
28,842,035
United
States
..........................
42,396,621
10,585,136
—
52,981,757
Equity-Linked
Securities
...................
—
16,207,557
—
16,207,557
Corporate
Bonds
........................
—
—
—
a
—
Foreign
Government
and
Agency
Securities
....
—
101,348,586
—
101,348,586
U.S.
Government
and
Agency
Securities
.......
—
3,974,466
—
3,974,466
Escrows
and
Litigation
Trusts
...............
—
—
2,417
2,417
Short
Term
Investments
...................
16,055,391
12,748,825
—
28,804,216
Total
Investments
in
Securities
...........
$62,477,855
$225,247,612
b
$2,417
$287,727,884
Other
Financial
Instruments:
Forward
Exchange
Contracts
...............
$—
$1,917,120
$—
$1,917,120
Swap
Contracts
.........................
—
317,078
—
317,078
Total
Other
Financial
Instruments
.........
$—
$2,234,198
$—
$2,234,198
Liabilities:
Other
Financial
Instruments:
Forward
Exchange
Contracts
...............
—
1,740,453
—
1,740,453
Swap
Contracts
.........................
—
445,578
—
445,578
Total
Other
Financial
Instruments
.........
$—
$2,186,031
$—
$2,186,031
a
Includes
financial
instruments
determined
to
have
no
value.
b
Includes
foreign
securities
valued
at
$90,968,178,
which
were
categorized
as
Level
2
as
a
result
of
the
application
of
market
level
fair
value
procedures.
See
the
Financial
Instrument
Valuation
note
for
more
information.
5. Fair
Value
Measurements
(continued)
Templeton
Global
Investment
Trust
Notes
to
Schedule
of
Investments
(unaudited)
14
Quarterly
Schedule
of
Investments
Templeton
Global
Balanced
Fund
(continued)
Abbreviations
Counterparty
BNDP
BNP
Paribas
SA
BOFA
Bank
of
America
NA
BZWS
Barclays
Bank
plc
CITI
Citibank
NA
DBAB
Deutsche
Bank
AG
GSCO
Goldman
Sachs
Group,
Inc.
HSBK
HSBC
Bank
plc
JPHQ
JPMorgan
Chase
Bank
NA
MSCO
Morgan
Stanley
Currency
BRL
Brazilian
Real
COP
Colombian
Peso
EGP
Egyptian
Pound
EUR
Euro
GHS
Ghanaian
Cedi
INR
Indian
Rupee
KZT
Kazakhstani
Tenge
MXN
Mexican
Peso
NOK
Norwegian
Krone
UYU
Uruguayan
Peso
ZAR
South
African
Rand
Selected
Portfolio
ADR
American
Depositary
Receipt
CDI
certificado
de
deposito
interbancario
PIK
Payment-In-Kind
The
following
reference
rates,
and
their
values
as
of
period
end,
are
used
for
security
descriptions:
Reference
Index
Reference
Rate
1-day
BRL
CDI
......................
14.15%
1-day
TIIEOIS
.......................
9.05%
For
additional
information
on
the
Fund's
significant
accounting
policies,
please
refer
to
the Fund's
most
recent
semiannual
or
annual
shareholder
report.