0001752724-21-249158.txt : 20211122 0001752724-21-249158.hdr.sgml : 20211122 20211122151225 ACCESSION NUMBER: 0001752724-21-249158 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210930 FILED AS OF DATE: 20211122 PERIOD START: 20211231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEMPLETON DRAGON FUND INC CENTRAL INDEX KEY: 0000919893 IRS NUMBER: 650473580 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-08394 FILM NUMBER: 211432029 BUSINESS ADDRESS: STREET 1: 300 S.E. 2ND STREET CITY: FORT LAUDERDALE STATE: FL ZIP: 33301-1923 BUSINESS PHONE: 9545277500 MAIL ADDRESS: STREET 1: 300 S.E. 2ND STREET CITY: FORT LAUDERDALE STATE: FL ZIP: 33301-1923 NPORT-P 1 primary_doc.xml NPORT-P false 0000919893 XXXXXXXX Templeton Dragon Fund, Inc. 811-08394 0000919893 549300L5KGV2K28LYW59 300 S.E. 2nd Street Fort Lauderdale 33301-1923 954-527-7500 Templeton Dragon Fund, Inc. 549300L5KGV2K28LYW59 2021-12-31 2021-09-30 N 665152762.25 994492.43 664158269.82 0.00000000 284344238.60000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3931925.81000000 UST Laobaixing Pharmacy Chain JSC N/A Laobaixing Pharmacy Chain JSC, Class A N/A 646360.00000000 NS 4698389.51000000 0.707420162256 Long EC CORP CN N 2 N N N Zhejiang Jiemei Electronic & Technology Co. Ltd. N/A Zhejiang Jiemei Electronic & Technology Co. Ltd., Class A N/A 1557600.00000000 NS 6863143.19000000 1.033359592414 Long EC CORP CN N 2 N N N China Resources Beer Holdings Co. Ltd. N/A China Resources Beer Holdings Co. Ltd. N/A 979210.00000000 NS 7242229.93000000 1.090437363967 Long EC CORP HK N 2 N N N Hundsun Technologies, Inc. 3003003LS77D1DRDDE25 Hundsun Technologies, Inc., Class A N/A 394555.00000000 NS 3515671.86000000 0.529342480513 Long EC CORP CN N 2 N N N Weichai Power Co. Ltd. 529900OKTPKBG85F9502 Weichai Power Co. Ltd., Class H N/A 2826261.00000000 NS 5849504.84000000 0.880739592625 Long EC CORP CN N 2 N N N A-Living Smart City Services Co. Ltd. 3003007MSHCO6ZTTSZ09 A-Living Smart City Services Co. Ltd., Class H N/A 2629448.00000000 NS 9337718.17000000 1.405947737808 Long EC CORP CN N 2 N N N Alibaba Group Holding Ltd. 5493001NTNQJDH60PM02 Alibaba Group Holding Ltd. N/A 2207788.00000000 NS 40874593.73000000 6.154345370280 Long EC CORP KY N 2 N N N Meituan 21380033K525E5JLIA77 Meituan N/A 664841.00000000 NS 21222552.43000000 3.195405883563 Long EC CORP KY N 2 N N N Mobvista, Inc. 655600AW50D7VN363G24 Mobvista, Inc. N/A 3098200.00000000 NS 2822871.54000000 0.425029946666 Long EC CORP KY N 2 N N BeiGene Ltd. 549300JFUK6FRD5MH739 BeiGene Ltd. N/A 431969.00000000 NS 12334692.75000000 1.857191773482 Long EC CORP KY N 2 N N Luxshare Precision Industry Co. Ltd. 300300QLLDUELXN16530 Luxshare Precision Industry Co. Ltd., Class A N/A 1360238.00000000 NS 7480529.54000000 1.126317307172 Long EC CORP CN N 2 N N N Kuaishou Technology 300300FCDZBE6UP9ED24 Kuaishou Technology N/A 225888.00000000 NS 2410818.59000000 0.362988567567 Long EC CORP KY N 2 N N NIO, Inc. 549300JBU4TV5OCKJV96 NIO, Inc. 62914V106 122175.00000000 NS USD 4353095.25000000 0.655430406848 Long EC CORP KY N 1 N N N JD.com, Inc. 549300HVTWB0GJZ16V92 JD.com, Inc., Class A N/A 615912.00000000 NS 22204924.35000000 3.343318205767 Long EC CORP KY N 2 N N N China Resources Land Ltd. 5299001HL0TU7X15HK51 China Resources Land Ltd. N/A 1242975.00000000 NS 5231216.51000000 0.787646069876 Long EC CORP KY N 2 N N N Shimao Services Holdings Ltd. 254900CXWYN3QX5DWO89 Shimao Services Holdings Ltd. N/A 1089700.00000000 NS 2252968.51000000 0.339221630201 Long EC CORP KY N 2 N N N Daqo New Energy Corp. 529900711JBZ5O7VA827 Daqo New Energy Corp. 23703Q203 79428.00000000 NS USD 4527396.00000000 0.681674264362 Long EC CORP KY N 1 N N N Minth Group Ltd. 254900B2AH0G13K9G204 Minth Group Ltd. N/A 1286910.00000000 NS 4402574.26000000 0.662880289240 Long EC CORP KY N 2 N N N Beijing Oriental Yuhong Waterproof Technology Co. Ltd. 300300XMIXB7STDZWT60 Beijing Oriental Yuhong Waterproof Technology Co. Ltd., Class A N/A 1797600.00000000 NS 12288464.07000000 1.850231281969 Long EC CORP CN N 2 N N N Innovent Biologics, Inc. 25490058ONL9SCIE1R22 Innovent Biologics, Inc. N/A 1886372.00000000 NS 18166120.81000000 2.735209608234 Long EC CORP KY N 2 N N N WuXi AppTec Co. Ltd. 254900OEPQLZSPLN9175 WuXi AppTec Co. Ltd., Class H N/A 561008.00000000 NS 13060086.30000000 1.966411756574 Long EC CORP CN N 2 N N Vipshop Holdings Ltd. 549300I9F52K06HPZX60 Vipshop Holdings Ltd. 92763W103 228738.00000000 NS USD 2548141.32000000 0.383664773261 Long EC CORP KY N 1 N N N Baidu, Inc. 254900AL64IANZYI1E02 Baidu, Inc. 056752108 53981.00000000 NS USD 8299578.75000000 1.249638697151 Long EC CORP KY N 1 N N N China Merchants Bank Co. Ltd. 549300MKO5B60FFIHF58 China Merchants Bank Co. Ltd., Class A N/A 1666646.00000000 NS 12985486.04000000 1.955179454969 Long EC CORP CN N 2 N N N China Merchants Bank Co. Ltd. 549300MKO5B60FFIHF58 China Merchants Bank Co. Ltd., Class H N/A 2279448.00000000 NS 18140067.89000000 2.731286910711 Long EC CORP CN N 2 N N N Bilibili, Inc. 5493008V60M52L3PIS45 Bilibili, Inc. 090040106 33494.00000000 NS USD 2216297.98000000 0.333700276080 Long EC CORP KY N 1 N N N Jiangsu Hengrui Medicine Co. Ltd. N/A Jiangsu Hengrui Medicine Co. Ltd., Class A N/A 372591.00000000 NS 2899722.06000000 0.436601062091 Long EC CORP CN N 2 N N N Hongfa Technology Co. Ltd. N/A Hongfa Technology Co. Ltd., Class A N/A 1238435.00000000 NS 11961942.57000000 1.801068075722 Long EC CORP CN N 2 N N N GDS Holdings Ltd. 391200MGV8DDCHTN2R77 GDS Holdings Ltd. 36165L108 158752.00000000 NS USD 8986950.72000000 1.353133903223 Long EC CORP KY N 1 N N Inner Mongolia Yili Industrial Group Co. Ltd. 3003002Q2A863JPQFH06 Inner Mongolia Yili Industrial Group Co. Ltd., Class A N/A 1276300.00000000 NS 7452366.04000000 1.122076826961 Long EC CORP CN N 2 N N N WuXi AppTec Co. Ltd. 254900OEPQLZSPLN9175 WuXi AppTec Co. Ltd., Class A N/A 357180.00000000 NS 8441938.85000000 1.271073362120 Long EC CORP CN N 2 N N N China Molybdenum Co. Ltd. 2549008KG3638J59U652 China Molybdenum Co. Ltd., Class H N/A 6516000.00000000 NS 4022790.91000000 0.605697631543 Long EC CORP CN N 2 N N Wuxi Biologics Cayman, Inc. 5493001TD2TH6VDTJU11 Wuxi Biologics Cayman, Inc. N/A 1118750.00000000 NS 18146339.60000000 2.732231220265 Long EC CORP KY N 2 N N N Tencent Holdings Ltd. 254900N4SLUMW4XUYY11 Tencent Holdings Ltd. N/A 891026.00000000 NS 53192804.07000000 8.009055444633 Long EC CORP KY N 2 N N N China Tourism Group Duty Free Corp. Ltd. N/A China Tourism Group Duty Free Corp. Ltd., Class A N/A 392300.00000000 NS 15755152.84000000 2.372198549040 Long EC CORP CN N 2 N N N Yum China Holdings, Inc. 529900DO9BYZ7VA3K502 Yum China Holdings, Inc. 98850P109 140578.00000000 NS USD 8168987.58000000 1.229976039026 Long EC CORP US N 1 N N N LONGi Green Energy Technology Co. Ltd. 300300NRGAITUP1EZ248 LONGi Green Energy Technology Co. Ltd., Class A N/A 680960.00000000 NS 8676773.51000000 1.306431599858 Long EC CORP CN N 2 N N N NetEase, Inc. 5299004AF4DSJDB0PA32 NetEase, Inc. N/A 632379.00000000 NS 10700053.15000000 1.611069776018 Long EC CORP KY N 2 N N N Ping An Bank Co. Ltd. 549300W9MKNIVWXFM679 Ping An Bank Co. Ltd., Class A N/A 1109400.00000000 NS 3070217.15000000 0.462271914619 Long EC CORP CN N 2 N N N Hong Kong Exchanges & Clearing Ltd. 213800YTVSXYQN17BW16 Hong Kong Exchanges & Clearing Ltd. N/A 90257.00000000 NS 5546303.19000000 0.835087575059 Long EC CORP HK N 2 N N N Jinyu Bio-Technology Co. Ltd. N/A Jinyu Bio-Technology Co. Ltd., Class A N/A 1919200.00000000 NS 4445006.11000000 0.669269105269 Long EC CORP CN N 2 N N N Shenzhen Mindray Bio-Medical Electronics Co. Ltd. N/A Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Class A N/A 149301.00000000 NS 8933687.98000000 1.345114317769 Long EC CORP CN N 2 N N N Guangzhou Tinci Materials Technology Co. Ltd. N/A Guangzhou Tinci Materials Technology Co. Ltd., Class A N/A 842540.00000000 NS 19766427.09000000 2.976162157155 Long EC CORP CN N 2 N N N Shanghai International Airport Co. Ltd. 3003000CIJ7O6AOQF345 Shanghai International Airport Co. Ltd., Class A N/A 450800.00000000 NS 3074646.98000000 0.462938898710 Long EC CORP CN N 2 N N N Will Semiconductor Co. Ltd. N/A Will Semiconductor Co. Ltd., Class A N/A 178051.00000000 NS 6661581.74000000 1.003011186144 Long EC CORP CN N 2 N N N Ping An Insurance Group Co. of China Ltd. 529900M9MC28JLN35U89 Ping An Insurance Group Co. of China Ltd., Class H N/A 546927.00000000 NS 3740616.30000000 0.563211582235 Long EC CORP CN N 2 N N N ANTA Sports Products Ltd. 529900291XG0CTK4LF95 ANTA Sports Products Ltd. N/A 1272875.00000000 NS 24036156.79000000 3.619040503179 Long EC CORP KY N 2 N N N Luxshare Precision Industry Co. Ltd. 300300QLLDUELXN16530 Luxshare Precision Industry Co. Ltd. N/A 583100.00000000 PA 102488.98000000 0.015431409147 Long DBT CORP CN N 1 2026-11-03 Variable 0.09999852 N N N N N Luxshare Precision Industry Co. Ltd. Luxshare Precision Industry Co. Ltd. CNY XXXX N N N Sunwoda Electronic Co. Ltd. N/A Sunwoda Electronic Co. Ltd., Class A N/A 2194600.00000000 NS 12643176.94000000 1.903639164716 Long EC CORP CN N 2 N N N Haier Smart Home Co. Ltd. 3003002BYTNGNJTWSH07 Haier Smart Home Co. Ltd., Class A N/A 1278000.00000000 NS 5139039.18000000 0.773767249994 Long EC CORP CN N 2 N N N Hualan Biological Engineering, Inc. N/A Hualan Biological Engineering, Inc., Class A N/A 865505.00000000 NS 3734735.53000000 0.562326135156 Long EC CORP CN N 2 N N N Kweichow Moutai Co. Ltd. N/A Kweichow Moutai Co. Ltd., Class A N/A 48745.00000000 NS 13791774.82000000 2.076579551397 Long EC CORP CN N 2 N N N KWG Living Group Holdings Ltd. N/A KWG Living Group Holdings Ltd. N/A 2758892.00000000 NS 2037774.60000000 0.306820631858 Long EC CORP KY N 2 N N I-Mab 549300L1A5T19703RR64 I-Mab 44975P103 105893.00000000 NS USD 7676183.57000000 1.155776253765 Long EC CORP KY N 1 N N N Hua Hong Semiconductor Ltd. 529900OXH3ZYLIMGB907 Hua Hong Semiconductor Ltd. N/A 1785624.00000000 NS 9158704.05000000 1.378994204571 Long EC CORP HK N 2 N N N Aier Eye Hospital Group Co. Ltd. N/A Aier Eye Hospital Group Co. Ltd., Class A N/A 928631.00000000 NS 7672253.22000000 1.155184474640 Long EC CORP CN N 2 N N N Sino Wealth Electronic Ltd. N/A Sino Wealth Electronic Ltd., Class A N/A 1315655.00000000 NS 12659268.11000000 1.906061956200 Long EC CORP CN N 2 N N N Midea Group Co. Ltd. 3003003TRPHLHZD2IF61 Midea Group Co. Ltd., Class A N/A 1266716.00000000 NS 13653287.20000000 2.055727952269 Long EC CORP CN N 2 N N N Shenzhen Inovance Technology Co. Ltd. N/A Shenzhen Inovance Technology Co. Ltd., Class A N/A 1233000.00000000 NS 12012270.25000000 1.808645739404 Long EC CORP CN N 2 N N N Wuliangye Yibin Co. Ltd. N/A Wuliangye Yibin Co. Ltd., Class A N/A 103500.00000000 NS 3511418.64000000 0.528702087975 Long EC CORP CN N 2 N N N New Horizon Health Ltd. N/A New Horizon Health Ltd. N/A 754000.00000000 NS 3280010.99000000 0.493859843210 Long EC CORP KY N 2 N N N Luzhou Laojiao Co. Ltd. N/A Luzhou Laojiao Co. Ltd., Class A N/A 193756.00000000 NS 6665888.82000000 1.003659688195 Long EC CORP CN N 2 N N N Contemporary Amperex Technology Co. Ltd. 300300KINDY1K0E9I032 Contemporary Amperex Technology Co. Ltd., Class A N/A 66700.00000000 NS 5416948.53000000 0.815611093944 Long EC CORP CN N 2 N N N Country Garden Services Holdings Co. Ltd. 549300P2JRKENZSEBB42 Country Garden Services Holdings Co. Ltd. N/A 489600.00000000 NS 3868766.15000000 0.582506659301 Long EC CORP KY N 2 N N N SF Holding Co. Ltd. N/A SF Holding Co. Ltd., Class A N/A 884700.00000000 NS 8942209.69000000 1.346397401996 Long EC CORP CN N 2 N N N Jiangsu Yangnong Chemical Co. Ltd. N/A Jiangsu Yangnong Chemical Co. Ltd., Class A N/A 313900.00000000 NS 5087046.38000000 0.765938874988 Long EC CORP CN N 2 N N N China National Accord Medicines Corp. Ltd. 300300S6NULPX7WCS880 China National Accord Medicines Corp. Ltd., Class A N/A 383600.00000000 NS 2065131.43000000 0.310939654573 Long EC CORP CN N 2 N N N Ping An Insurance Group Co. of China Ltd. 529900M9MC28JLN35U89 Ping An Insurance Group Co. of China Ltd., Class A N/A 395850.00000000 NS 2958944.01000000 0.445517905062 Long EC CORP CN N 2 N N N Geely Automobile Holdings Ltd. 549300YS3T1KVQ2SNI84 Geely Automobile Holdings Ltd. N/A 565135.00000000 NS 1622270.97000000 0.244259695876 Long EC CORP KY N 2 N N N Institutional Fiduciary Trust - Money Market Portfolio 549300M4TP89K77LG374 Institutional Fiduciary Trust - Money Market Portfolio 457756500 1463560.89100000 NS USD 1463560.89000000 0.220363271302 Long STIV RF US N 1 N N N Suofeiya Home Collection Co. Ltd. 3003001LPW6QB75C7439 Suofeiya Home Collection Co. Ltd., Class A N/A 1801700.00000000 NS 4632076.05000000 0.697435575296 Long EC CORP CN N 2 N N N East Money Information Co. Ltd. N/A East Money Information Co. Ltd., Class A N/A 1522560.00000000 NS 8069627.14000000 1.215015683262 Long EC CORP CN N 2 N N N InnoCare Pharma Ltd. 3003001NYJPPWIEOJT79 InnoCare Pharma Ltd. N/A 2763400.00000000 NS 7401140.20000000 1.114363930453 Long EC CORP KY N 2 N N N Jiangsu Hengli Hydraulic Co. Ltd. N/A Jiangsu Hengli Hydraulic Co. Ltd., Class A N/A 206300.00000000 NS 2699819.62000000 0.406502447185 Long EC CORP CN N 2 N N N 2021-11-01 Templeton Dragon Fund, Inc. Ryan Wheeler Ryan Wheeler Interim Chief Financial Officer, Chief Accounting Officer and Treasurer XXXX NPORT-EX 2 TDFI.htm
Not
FDIC
Insured
May
Lose
Value
No
Bank
Guarantee
TLTDF-Q3PH
1
Consolidated
Statement
of
Investments
(unaudited)
Templeton
Dragon
Fund,
Inc.
2
Notes
to
Consolidated
Statement
of
Investments
6
Templeton
Dragon
Fund,
Inc.
Consolidated
Statement
of
Investments
(unaudited),
September
30,
2021
Quarterly
Consolidated
Statement
of
Investments
See
Notes
to
Consolidated
Statement
of
Investments.
2
l
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
99.3%
Air
Freight
&
Logistics
1.4%
a
SF
Holding
Co.
Ltd.,
A
..................................
China
884,700
$
8,942,210
Auto
Components
0.7%
Minth
Group
Ltd.
......................................
China
1,286,910
4,402,574
Automobiles
0.9%
Geely
Automobile
Holdings
Ltd.
...........................
China
565,135
1,622,271
b
NIO,
Inc.,
ADR
.......................................
China
122,175
4,353,095
5,975,366
Banks
5.2%
a
China
Merchants
Bank
Co.
Ltd.,
A
.........................
China
1,666,646
12,985,486
China
Merchants
Bank
Co.
Ltd.,
H
.........................
China
2,279,448
18,140,068
a
Ping
An
Bank
Co.
Ltd.,
A
................................
China
1,109,400
3,070,217
34,195,771
Beverages
4.7%
China
Resources
Beer
Holdings
Co.
Ltd.
....................
China
979,210
7,242,230
a
Kweichow
Moutai
Co.
Ltd.,
A
.............................
China
48,745
13,791,775
a
Luzhou
Laojiao
Co.
Ltd.,
A
...............................
China
193,756
6,665,889
a
Wuliangye
Yibin
Co.
Ltd.,
A
..............................
China
103,500
3,511,418
31,211,312
Biotechnology
8.1%
b,c
BeiGene
Ltd.
.........................................
China
431,969
12,334,693
a
Hualan
Biological
Engineering,
Inc.,
A
......................
China
865,505
3,734,735
b
I-Mab,
ADR
..........................................
China
105,893
7,676,184
b,d
InnoCare
Pharma
Ltd.,
144A,
Reg
S
.......................
China
2,763,400
7,401,140
b,d
Innovent
Biologics,
Inc.,
144A,
Reg
S
......................
China
1,886,372
18,166,121
a
Jinyu
Bio-Technology
Co.
Ltd.,
A
..........................
China
1,919,200
4,445,006
53,757,879
Capital
Markets
2.1%
a
East
Money
Information
Co.
Ltd.,
A
........................
China
1,522,560
8,069,627
Hong
Kong
Exchanges
&
Clearing
Ltd.
.....................
Hong
Kong
90,257
5,546,303
13,615,930
Chemicals
3.7%
a
Guangzhou
Tinci
Materials
Technology
Co.
Ltd.,
A
.............
China
842,540
19,766,427
a
Jiangsu
Yangnong
Chemical
Co.
Ltd.,
A
....................
China
313,900
5,087,046
24,853,473
Construction
Materials
1.9%
a
Beijing
Oriental
Yuhong
Waterproof
Technology
Co.
Ltd.,
A
......
China
1,797,600
12,288,464
Containers
&
Packaging
1.0%
a
Zhejiang
Jiemei
Electronic
&
Technology
Co.
Ltd.,
A
...........
China
1,557,600
6,863,143
Electrical
Equipment
4.5%
a
Contemporary
Amperex
Technology
Co.
Ltd.,
A
...............
China
66,700
5,416,948
a
Hongfa
Technology
Co.
Ltd.,
A
............................
China
1,238,435
11,961,943
a
Sunwoda
Electronic
Co.
Ltd.,
A
...........................
China
2,194,600
12,643,177
30,022,068
Electronic
Equipment,
Instruments
&
Components
1.1%
a
Luxshare
Precision
Industry
Co.
Ltd.,
A
.....................
China
1,360,238
7,480,530
Templeton
Dragon
Fund,
Inc.
Consolidated
Statement
of
Investments
(unaudited)
See
Notes
to
Consolidated
Statement
of
Investments.
Quarterly
Consolidated
Statement
of
Investments
3
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Entertainment
1.9%
b
Bilibili
,
Inc.,
ADR
......................................
China
33,494
$
2,216,298
NetEase
,
Inc.
........................................
China
632,379
10,700,053
12,916,351
Food
&
Staples
Retailing
0.7%
a
Laobaixing
Pharmacy
Chain
JSC,
A
.......................
China
646,360
4,698,389
Food
Products
1.1%
a
Inner
Mongolia
Yili
Industrial
Group
Co.
Ltd.,
A
...............
China
1,276,300
7,452,366
Health
Care
Equipment
&
Supplies
1.3%
a
Shenzhen
Mindray
Bio-Medical
Electronics
Co.
Ltd.,
A
..........
China
149,301
8,933,688
Health
Care
Providers
&
Services
2.0%
a
Aier
Eye
Hospital
Group
Co.
Ltd.,
A
........................
China
928,631
7,672,253
a
China
National
Accord
Medicines
Corp.
Ltd.,
A
...............
China
383,600
2,065,132
b,d
New
Horizon
Health
Ltd.,
144A,
Reg
S
.....................
China
754,000
3,280,011
13,017,396
Hotels,
Restaurants
&
Leisure
1.2%
Yum
China
Holdings,
Inc.
...............................
China
140,578
8,168,988
Household
Durables
3.5%
a
Haier
Smart
Home
Co.
Ltd.,
A
............................
China
1,278,000
5,139,039
a
Midea
Group
Co.
Ltd.,
A
................................
China
1,266,716
13,653,287
a
Suofeiya
Home
Collection
Co.
Ltd.,
A
......................
China
1,801,700
4,632,076
23,424,402
Insurance
1.0%
a
Ping
An
Insurance
Group
Co.
of
China
Ltd.,
A
................
China
395,850
2,958,944
Ping
An
Insurance
Group
Co.
of
China
Ltd.,
H
................
China
546,927
3,740,616
6,699,560
Interactive
Media
&
Services
9.6%
b
Baidu,
Inc.,
ADR
......................................
China
53,981
8,299,579
b,c,d
Kuaishou
Technology,
144A,
Reg
S
........................
China
225,888
2,410,818
Tencent
Holdings
Ltd.
..................................
China
891,026
53,192,804
63,903,201
Internet
&
Direct
Marketing
Retail
13.1%
b
Alibaba
Group
Holding
Ltd.
..............................
China
2,207,788
40,874,594
b
JD.com,
Inc.,
A
.......................................
China
615,912
22,204,924
b,d
Meituan
Dianping
,
B,
144A,
Reg
S
........................
China
664,841
21,222,553
b
Vipshop
Holdings
Ltd.,
ADR
.............................
China
228,738
2,548,141
86,850,212
IT
Services
1.4%
b,c
GDS
Holdings
Ltd.,
ADR
................................
China
158,752
8,986,951
Life
Sciences
Tools
&
Services
6.0%
a
WuXi
AppTec
Co.
Ltd.,
A
................................
China
357,180
8,441,939
c,d
WuXi
AppTec
Co.
Ltd.,
H,
144A,
Reg
S
.....................
China
561,008
13,060,086
b,d
Wuxi
Biologics
Cayman,
Inc.,
144A,
Reg
S
..................
China
1,118,750
18,146,340
39,648,365
Machinery
3.1%
a
Jiangsu
Hengli
Hydraulic
Co.
Ltd.,
A
.......................
China
206,300
2,699,820
a
Shenzhen
Inovance
Technology
Co.
Ltd.,
A
..................
China
1,233,000
12,012,270
Templeton
Dragon
Fund,
Inc.
Consolidated
Statement
of
Investments
(unaudited)
Quarterly
Consolidated
Statement
of
Investments
See
Notes
to
Consolidated
Statement
of
Investments.
4
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Machinery
(continued)
Weichai
Power
Co.
Ltd.,
H
..............................
China
2,826,261
$
5,849,505
20,561,595
Media
0.4%
b,c,d
Mobvista
,
Inc.,
144A,
Reg
S
.............................
China
3,098,200
2,822,872
Metals
&
Mining
0.6%
c
China
Molybdenum
Co.
Ltd.,
H
...........................
China
6,516,000
4,022,791
Pharmaceuticals
0.4%
a
Jiangsu
Hengrui
Medicine
Co.
Ltd.,
A
......................
China
372,591
2,899,722
Real
Estate
Management
&
Development
3.4%
d
A-Living
Smart
City
Services
Co.
Ltd.,
H,
144A,
Reg
S
.........
China
2,629,448
9,337,718
China
Resources
Land
Ltd.
..............................
China
1,242,975
5,231,216
Country
Garden
Services
Holdings
Co.
Ltd.
..................
China
489,600
3,868,766
c,d
KWG
Living
Group
Holdings
Ltd.,
Reg
S
....................
China
2,758,892
2,037,775
d
Shimao
Services
Holdings
Ltd.,
144A,
Reg
S
.................
China
1,089,700
2,252,969
22,728,444
Semiconductors
&
Semiconductor
Equipment
6.3%
b
Daqo
New
Energy
Corp.,
ADR
...........................
China
79,428
4,527,396
b,d
Hua
Hong
Semiconductor
Ltd.,
144A,
Reg
S
.................
China
1,785,624
9,158,704
a
LONGi
Green
Energy
Technology
Co.
Ltd.,
A
.................
China
680,960
8,676,773
a
Sino
Wealth
Electronic
Ltd.,
A
............................
China
1,315,655
12,659,268
a
Will
Semiconductor
Co.
Ltd.
Shanghai,
A
....................
China
178,051
6,661,582
41,683,723
Software
0.5%
a
Hundsun
Technologies,
Inc.,
A
............................
China
394,555
3,515,672
Specialty
Retail
2.4%
a
China
Tourism
Group
Duty
Free
Corp.
Ltd.,
A
................
China
392,300
15,755,153
Textiles,
Apparel
&
Luxury
Goods
3.6%
ANTA
Sports
Products
Ltd.
..............................
China
1,272,875
24,036,157
Transportation
Infrastructure
0.5%
a,b
Shanghai
International
Airport
Co.
Ltd.,
A
....................
China
450,800
3,074,647
Total
Common
Stocks
(Cost
$406,943,142)
.....................................
659,409,365
Principal
Amount
*
Convertible
Bonds
0.0%
†
Electronic
Equipment,
Instruments
&
Components
0.0%
†
a
Luxshare
Precision
Industry
Co.
Ltd.
,
0.1
%
,
11/03/26
...........
China
583,100
CNY
102,489
Total
Convertible
Bonds
(Cost
$88,784)
........................................
102,489
Total
Long
Term
Investments
(Cost
$407,031,926)
...............................
659,511,854
a
Templeton
Dragon
Fund,
Inc.
Consolidated
Statement
of
Investments
(unaudited)
See
Notes
to
Consolidated
Statement
of
Investments.
Quarterly
Consolidated
Statement
of
Investments
5
Short
Term
Investments
0.2%
a
a
Country
Shares
a
Value
a
Money
Market
Funds
0.2%
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0.01%
.....
United
States
1,463,675
$
1,463,675
Total
Money
Market
Funds
(Cost
$1,463,675)
...................................
1,463,675
Total
Short
Term
Investments
(Cost
$1,463,675
)
.................................
1,463,675
a
Total
Investments
(Cost
$408,495,601)
99.5%
...................................
$660,975,529
Other
Assets,
less
Liabilities
0.5%
.............................................
3,169,167
Net
Assets
100.0%
...........................................................
$664,144,696
See
Abbreviations
on
page
10
.
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
The
security
is
owned
by
Templeton
China
Opportunities
Fund,
Ltd.,
a
wholly-owned
subsidiary
of
the
Fund.
See
Note
6.
b
Non-income
producing.
c
A
portion
or
all
of
the
security
is
on
loan
at
September
30,
2021.
d
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
September
30,
2021,
the
aggregate
value
of
these
securities
was
$109,297,107,
representing
16.5%
of
net
assets.
e
See
Note
5
regarding
investments
in
affiliated
management
investment
companies.
f
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Statement
of
Investments
(unaudited)
6
1.
Organization
Templeton
Dragon
Fund,
Inc. (Trust)
is
registered
under
the
Investment
Company
Act
of
1940
(1940
Act)
as
a
closed-end
management
investment
company
and
applies
the
specialized
accounting
and
reporting
guidance
in
U.S.
Generally
Accepted
Accounting
Principles
(U.S.
GAAP). 
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
Fund’s
Board
of
Directors
(the
Board),
the
Fund’s
administrator
has
responsibility
for
oversight
of
valuation,
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
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.
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,
book
values,
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
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
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Statement
of
Investments
(unaudited)
7
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
September
30,
2021,
certain
securities
may
have
been
fair
valued
using
these
procedures,
in
which
case
the
securities
were
categorized
as
Level
2
inputs
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.
Concentration
of
Risk 
Investing
in
foreign
securities
may
include
certain
risks
and
considerations
not
typically
associated
with
investing
in
U.S.
securities,
such
as
fluctuating
currency
values
and
changing
local,
regional
and
global
economic,
political
and
social
conditions,
which
may
result
in
greater
market
volatility.
Political
and
financial
uncertainty
in
many
foreign
regions
may
increase
market
volatility
and
the
economic
risk
of
investing
in
foreign
securities.
In
addition,
certain
foreign
securities
may
not
be
as
liquid
as
U.S.
securities.
Investing
in
China
A-shares
may
include
certain
risks
and
considerations
not
typically
associated
with
investing
in
U.S.
securities.
In
general,
A-shares
are
issued
by
companies
incorporated
in
the
People’s
Republic
of
China
(PRC)
and
listed
on
the
Shanghai
and
Shenzhen
Stock
Exchanges
and
available
for
investment
by
domestic
(Chinese)
investors
and
holders
of
a
Qualified
Foreign
Institutional
Investor
(QFII)
license
and,
in
the
case
of
certain
eligible
A-shares,
through
the
Shanghai
and
Shenzhen
Stock
Connect
programs.
The
Shanghai
and
Shenzhen
Stock
Exchanges
are,
however,
substantially
smaller,
less
liquid
and
more
volatile
than
the
major
securities
markets
in
the
United
States. 
4.
Novel
Coronavirus
Pandemic 
The
global
outbreak
of
the
novel
coronavirus
disease,
known
as
COVID-19, has
caused
adverse
effects
on
many
companies,
sectors,
nations,
regions
and
the
markets
in
general, and
may
continue for
an unpredictable duration.
The
effects
of
this
pandemic
may
materially
impact
the
value
and
performance
of
the Fund, its ability
to
buy
and
sell
fund
investments
at
appropriate
valuations
and its ability
to
achieve its investment
objectives.
5.
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
September
30,
2021,
the
Fund
held
investments
in
affiliated
management
investment
companies
as
follows: 
2. Financial
Instrument
Valuation
(continued)
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Statement
of
Investments
(unaudited)
8
6.
Investments
in
Templeton
China
Opportunities
Fund,
Ltd.
(China
Fund)  
The
Fund
invests
in
certain
China
A-shares
through
its
investment
in
the
China
Fund.
The
China
Fund
is
a
Cayman
Islands
exempted
company,
and
is
a
wholly-owned
subsidiary
of
the
Templeton
Dragon
Fund,
and
is
able
to
invest
directly
in
China
A-shares
consistent
with
the
investment
objective
of
the
Templeton
Dragon
Fund.
At September
30,
2021,
the
China
Fund’s
investments
as
well
as
any
other
assets
and
liabilities
of
the
China
Fund
are
reflected
in
the
Fund’s
Consolidated Statement
of
Investments.
At
September
30,
2021, the
net
assets
of
the
China
Fund
were
$284,344,239,
representing
42.8%
of
the
Fund’s
consolidated
net
assets.
The
China
Fund
gains
access
to
the
A-shares
market
through
Templeton
Investment
Counsel,
LLC
(TIC),
which
serves
as
the
registered
QFII
for
the
China
Fund.
Investment
decisions
related
to
the
China
Fund
A-shares
are
specific
to
the
Fund
and
it
bears
the
resultant
economic
and
tax
consequences
of
its
holdings
and
transactions
in
A-shares.
The
China
Fund
is
subject
to
certain
restrictions
and
administrative
processes
relating
to
its
ability
to
repatriate
cash
balances,
investment
proceeds,
and
earnings
associated
with
its
A-shares
and
may
incur
substantial
delays
in
gaining
access
to
its
assets
or
a
loss
of
value
in
the
event
of
noncompliance
with
applicable
Chinese
rules
or
requirements. 
7. 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
September
30,
2021,
in
valuing
the
Fund's
assets
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
Dragon
Fund,
Inc.
Non-Controlled
Affiliates
Dividends
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0.01%
.
$3,981,124
$143,527,183
$(146,044,632)
$—
$—
$1,463,675
1,463,675
$633
Total
Affiliated
Securities
...
$3,981,124
$143,527,183
$(146,044,632)
$—
$—
$1,463,675
$633
5.
Investments
in
Affiliated
Management
Investment
Companies 
(continued)
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Statement
of
Investments
(unaudited)
9
Level
1
Level
2
Level
3
Total
Templeton
Dragon
Fund,
Inc.
Assets:
Investments
in
Securities:
Common
Stocks
:
Air
Freight
&
Logistics
...................
$
—
$
8,942,210
$
—
$
8,942,210
Auto
Components
......................
—
4,402,574
—
4,402,574
Automobiles
..........................
4,353,095
1,622,271
—
5,975,366
Banks
...............................
—
34,195,771
—
34,195,771
Beverages
...........................
—
31,211,312
—
31,211,312
Biotechnology
.........................
7,676,184
46,081,695
—
53,757,879
Capital
Markets
........................
—
13,615,930
—
13,615,930
Chemicals
...........................
—
24,853,473
—
24,853,473
Construction
Materials
..................
—
12,288,464
—
12,288,464
Containers
&
Packaging
.................
—
6,863,143
—
6,863,143
Electrical
Equipment
....................
—
30,022,068
—
30,022,068
Electronic
Equipment,
Instruments
&
Components
........................
—
7,480,530
—
7,480,530
Entertainment
.........................
2,216,298
10,700,053
—
12,916,351
Food
&
Staples
Retailing
.................
—
4,698,389
—
4,698,389
Food
Products
........................
—
7,452,366
—
7,452,366
Health
Care
Equipment
&
Supplies
.........
—
8,933,688
—
8,933,688
Health
Care
Providers
&
Services
..........
—
13,017,396
—
13,017,396
Hotels,
Restaurants
&
Leisure
.............
8,168,988
—
—
8,168,988
Household
Durables
....................
—
23,424,402
—
23,424,402
Insurance
............................
—
6,699,560
—
6,699,560
Interactive
Media
&
Services
..............
8,299,579
55,603,622
—
63,903,201
Internet
&
Direct
Marketing
Retail
..........
2,548,141
84,302,071
—
86,850,212
IT
Services
...........................
8,986,951
—
—
8,986,951
Life
Sciences
Tools
&
Services
............
—
39,648,365
—
39,648,365
Machinery
............................
—
20,561,595
—
20,561,595
Media
...............................
—
2,822,872
—
2,822,872
Metals
&
Mining
.......................
—
4,022,791
—
4,022,791
Pharmaceuticals
.......................
—
2,899,722
—
2,899,722
Real
Estate
Management
&
Development
....
—
22,728,444
—
22,728,444
Semiconductors
&
Semiconductor
Equipment
.
4,527,396
37,156,327
—
41,683,723
Software
.............................
—
3,515,672
—
3,515,672
Specialty
Retail
........................
—
15,755,153
—
15,755,153
Textiles,
Apparel
&
Luxury
Goods
..........
—
24,036,157
—
24,036,157
Transportation
Infrastructure
..............
—
3,074,647
—
3,074,647
Convertible
Bonds
.......................
102,489
—
—
102,489
Short
Term
Investments
...................
1,463,675
—
—
1,463,675
Total
Investments
in
Securities
...........
$48,342,796
$612,632,733
a
$—
$660,975,529
a
Includes
foreign
securities
valued
at
$612,632,733,
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.
7. Fair
Value
Measurements 
(continued)
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Statement
of
Investments
(unaudited)
10
8.
Subsequent
Events
The
Fund
has
evaluated
subsequent
events
through
the
issuance
of
the
Consolidated
Statement
of
Investments
and
determined
that
no
events
have
occurred
that
require
disclosure.
Abbreviations
Currency
CNY
Chinese
Yuan
Selected
Portfolio
ADR
American
Depositary
Receipt
For
additional
information
on
the
Fund's
significant
accounting
policies,
please
refer
to
the Fund's
most
recent
semiannual
or
annual
shareholder
report.