U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-17F-2
CERTIFICATE OF ACCOUNTING OF SECURITIES AND SIMILAR INVESTMENTS IN THE
CUSTODY OF MANAGEMENT INVESTMENT COMPANIES
PURSUANT TO RULE N-17F-2
|
1. Investment Company Act File Number: |
Date Examination completed: |
|||||||
|
811 -07866 |
November 22, 2011 |
|||||||
|
|
|
|||||||
|
2. State Identification Number: |
|
|||||||
|
|
|
|
|
|
|
|
||
|
AL |
AK |
AZ |
AR |
CA |
CO |
|
||
|
CT |
DE |
DC |
FL |
GA |
HI |
|
||
|
ID |
IL |
IN |
IA |
KS |
KY |
|
||
|
LA |
ME |
MD |
MA |
MI |
MN |
|
||
|
MS |
MO |
MT |
NE |
NV |
NH |
|
||
|
NJ |
NM |
NY |
NC |
ND |
OH |
|
||
|
OK |
OR |
PA |
RI |
SC |
SD |
|
||
|
TN |
TX |
UT |
VT |
VA |
WA |
|
||
|
WV |
WI |
WY |
PUERTO RICO |
|
|
|
||
|
|
||||||||
|
3. Exact name of investment company as specified in registration statement: |
||||||||
|
|
||||||||
|
Templeton Emerging Markets Income Fund |
||||||||
|
|
|
|||||||
|
|
|
|||||||
|
|
|
|||||||
|
|
||||||||
|
4. Address of principal executive office: (number, street, city, state, zip code) |
||||||||
|
300 S.E. 2nd Street, Fort Lauderdale, FL 33301-1923 |
||||||||
[PWC LOGO]
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of
|
Franklin Templeton Limited Duration Income Trust |
|
Templeton Global Investment Trust |
|
Franklin Real Estate Securities Trust |
|
Franklin Strategic Series |
|
Franklin High Income Trust |
|
Franklin Money Fund |
|
Franklin Templeton Money Fund Trust |
|
Institutional Fiduciary Trust |
|
Franklin Global Trust |
|
Franklin Gold and Precious Metals Fund |
|
Franklin Universal Trust |
|
Templeton China World Fund |
|
Templeton Emerging Markets Fund |
|
Templeton Emerging Markets Income Fund |
|
Templeton Global Income Fund |
|
Templeton Income Trust |
|
Franklin Custodian Funds |
|
Franklin Strategic Mortgage Portfolio |
|
Franklin Investors Securities Trust |
|
Franklin Templeton Global Trust |
|
Franklin Templeton International Trust |
|
Franklin Value Investors Trust |
|
Templeton Developing Markets Trust |
|
Franklin Templeton Fund Allocator Series |
|
Franklin Templeton Variable Insurance Products Trust |
|
Templeton Institutional Funds |
|
Franklin Managed Trust |
and the Board of Directors of
|
Templeton Dragon Fund, Inc. |
|
Templeton Russia and East European Fund, Inc. |
PricewaterhouseCoopers LLP, PricewaterhouseCoopers Center, Three Embarcadero Center, San Francisco, CA 94111-4004, T; (415) 498-5000, F: (415) 498-7100, www.pwc.com/us
We have examined management's assertion, included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940, that the funds (see Attachment I), (hereafter referred to as the “Funds”) complied with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 (“the Act”) as of August 31, 2011. Management is responsible for the Funds' compliance with those requirements. Our responsibility is to express an opinion on management's assertion about the Funds' compliance based on our examination.
Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and, accordingly, included examining, on a test basis, evidence about the Funds' compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of August 31, 2011 and with respect to agreement of security purchases and sales, for the periods indicated in Attachment I:
- Without prior notice to management, confirmation of all securities held by Franklin Templeton Investors Services, Inc., transfer agent, as they pertain to the security positions owned by the Funds and held in book entry form.
- Reconciliation of such security positions to the books and records of the Funds.
- Agreement of 100 security purchases and 100 security sales, since our last report, from the books and records of the Funds to the records of the transfer agent.
We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on the Funds' compliance with specified requirements.
In our opinion, management's assertion that the Funds were in compliance with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of August 31, 2011 with respect to securities reflected in the investment accounts of the Funds is fairly stated, in all material respects.
This report is intended solely for the information and use of, management, the Board of Trustees and Board of Directors and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.
/s/PRICEWATERHOUSECOOPERS, LLP
PricewaterhouseCoopers, LLP
November 22, 2011
Management Statement Regarding Compliance With Certain
Provisions of the Investment Company Act of 1940
We, as members of management of the Franklin Templeton Funds indicated in Attachment I (the “Funds”), are responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, “Custody of Investments by Registered Management Investment Companies,” of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Funds’ compliance with the requirements of subsection (b) of Rule 17f-2, as interpreted in Franklin Investors Securities Trust SEC No-Action Letter (publicly available September 24, 1992), and subsection (c) of Rule 17f-2 of the Investment Company Act of 1940, as of August 31, 2011, and for the periods indicated in Attachment I.
Based on this evaluation, we assert that the Funds were in compliance with the requirements of subsection (b) of Rule 17f-2, as interpreted in Franklin Investors Securities Trust SEC No-Action Letter (publicly available September 24, 1992), and subsection (c) of Rule 17f-2 of the Investment Company Act of 1940, as of August 31, 2011, and for the periods indicated in Attachment I, with respect to securities reflected in the investment accounts of the Funds.
By:
/s/GASTON GARDEY
Gaston Gardey
Chief Financial Officer and Chief Accounting Officer
Franklin Funds Board
Date November 22, 2011
/s/MARK H. OTANI
Mark H. Otani
Chief Financial Officer and Chief Accounting Officer
Templeton Funds Board
Date November 22, 2011
/s/MATTHEW T. HINKLE
Matthew T. Hinkle
Chief Financial Officer and Chief Accounting Officer
Franklin New Jersey Funds Board
Date November 22, 2011
/s/LAURA F. FERGERSON
Laura F. Fergerson
Chief Executive Officer - Finance and Administration
Attachment I
|
Fund |
|
Period |
|
|
|
|
|
|
|
Franklin Templeton Limited Duration Income Trust |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
|
Templeton Global Investment Trust: |
|
|
|
|
|
Templeton BRIC Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Templeton Emerging Markets Small Cap Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Templeton Frontier Markets Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Templeton Global Balanced Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Templeton Russia and East European Fund, Inc. |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
|
Franklin Real Estate Securities Trust: |
|
|
|
|
|
Franklin Real Estate Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Franklin Strategic Series: |
|
|
|
|
|
Franklin Biotechnology Discovery Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Flex Cap Growth Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Focused Core Equity Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Growth Opportunities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Natural Resources Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Small Cap Growth Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Small-Mid Cap Growth Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Strategic Income Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Franklin High Income Trust: |
|
|
|
|
|
Franklin High Income Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Franklin Money Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
|
Franklin Templeton Money Fund Trust: |
|
|
|
|
|
Franklin Templeton Money Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Institutional Fiduciary Trust: |
|
|
|
|
|
Money Market Portfolio |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Franklin Global Trust: |
|
|
|
|
|
Franklin International Growth Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Large Cap Equity Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Templeton Emerging Market Debt Opportunities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Franklin Gold and Precious Metals Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
|
Franklin Universal Trust |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
|
Templeton China World Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
|
Templeton Emerging Markets Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
|
Templeton Emerging Markets Income Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
|
Templeton Global Income Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
|
Templeton Income Trust: |
|
|
|
|
|
Templeton Global Bond Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Templeton Global Total Return Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Templeton International Bond Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Franklin Custodian Funds: |
|
|
|
|
|
Franklin DynaTech Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Growth Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Income Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin U.S. Government Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Utilities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Franklin Strategic Mortgage Portfolio |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
|
Franklin Investors Securities Trust: |
|
|
|
|
|
Franklin Adjustable U.S. Government Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Balanced Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Convertible Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Equity Income Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Floating Rate Daily Access Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Limited Maturity U.S. Government Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Low Duration Total Return Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Total Return Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Franklin Templeton Global Trust: |
|
|
|
|
|
Franklin Templeton Hard Currency |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Franklin Templeton International Trust: |
|
|
|
|
|
Franklin India Growth Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Franklin Value Investors Trust: |
|
|
|
|
|
Franklin All Cap Value Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Balance Sheet Investment Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Large Cap Value Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin MicroCap Value Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin MidCap Value Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Small Cap Value Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Templeton Developing Markets Trust |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
|
Franklin Templeton Fund Allocator Series: |
|
|
|
|
|
Franklin Templeton 2015 Retirement Target Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Templeton 2025 Retirement Target Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Templeton 2035 Retirement Target Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Templeton 2045 Retirement Target Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Templeton Conservative Allocation Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Templeton Corefolio Allocation Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Templeton Founding Funds Allocation Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Templeton Growth Allocation Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Templeton Moderate Allocation Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Franklin Templeton Variable Insurance Products Trust: |
|
|
|
|
|
Franklin Flex Cap Growth Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Large Cap Value Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Rising Dividends Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Small Cap Value Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Small-Mid Cap Growth Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Strategic Income Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Franklin Templeton VIP Founding Funds Allocation Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Templeton Developing Markets Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
Templeton Foreign Securities Fund |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Templeton Dragon Fund, Inc. |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
|
Templeton Institutional Funds: |
|
|
|
|
|
Foreign Equity Series |
|
June 1, 2011 - August 31, 2011 |
|
|
Emerging Markets Series |
|
June 1, 2011 - August 31, 2011 |
|
|
|
|
|
|
Franklin Managed Trust: |
|
|
|
|
|
Franklin Rising Dividends Fund |
|
June 1, 2011 - August 31, 2011 |