Company: TXEMF
Filing Date: 2025-03-14
Form Type: 40-17F2
Source: 0000038721-25-000023
Chunk: 1

Company: TEMPLETON EMERGING MARKETS INCOME FUND
Filing Date: 2025-03-14
Form: 40-17F2
Chunk 1
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Franklin Floating Rate Master Trust
Franklin Fund Allocator Series
Franklin Global Trust
Franklin Gold and Precious Metals Fund
Franklin High Income Trust
Franklin Investors Securities Trust
Franklin Limited Duration Income Trust
Franklin Managed Trust
Franklin Real Estate Securities Trust
Franklin Strategic Mortgage Portfolio
Franklin Strategic Series
Franklin Templeton ETF Trust
Franklin Templeton Variable Insurance Products Trust
Franklin U.S. Government Money Fund
Franklin Universal Trust
Institutional Fiduciary Trust
Templeton China World Fund
Templeton Developing Markets Trust
Templeton Emerging Markets Fund
Templeton Emerging Markets Income Fund
Templeton Funds
Templeton Global Income Fund
Templeton Global Investment Trust
Templeton Income Trust
Templeton Institutional Funds

And the Boards of Directors and Management of:
Templeton Dragon Fund, Inc.

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 listed in Attachment A
(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 July 31, 2023. The Funds’ management is responsible for its
assertion and the Funds' compliance with those requirements. Our responsibility is to express an opinion
on management's assertion about the Funds' compliance with the specified requirements based on our examination.

Our
examination was conducted in accordance with the standards of the Public Company Accounting Oversight
Board (United States) and in accordance with attestation standards established by the American Institute
of Certified Public Accountants. Those standards require that we plan and perform the examination to
obtain reasonable assurance about whether management’s assertion about compliance with the specified
requirements is fairly stated, in all material respects, 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

PricewaterhouseCoopers LLP,
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procedures
were the following tests performed as of July 31, 2023, and with respect to agreement of security purchases
and