# EDGAR Filing Document

**Accession Number:** 0000795402
**File Stem:** 0001133228-25-009059
**Filing Date:** 2025-8
**Character Count:** 327132
**Document Hash:** 48af8c102c5b5e6ed29bdc20bf994c7c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-25-009059.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001133228-25-009059

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 59

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**DATE AS OF CHANGE**: 20250827

**EFFECTIVENESS DATE**: 20250827

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TEMPLETON INCOME TRUST
- **CENTRAL INDEX KEY:** 0000795402

**ORGANIZATION NAME:**
- **EIN:** 596865210
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04706
- **FILM NUMBER:** 251266463

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEMPLETON INCOME FUND
- **DATE OF NAME CHANGE:** 19871006

## Series and Classes Contracts Data

### Templeton Global Bond Fund (Series ID: S000008754)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000023828 | Class A       | TPINX           |
| C000023829 | Class C       | TEGBX           |
| C000023830 | Advisor Class | TGBAX           |
| C000075045 | Class R       | FGBRX           |
| C000128750 | Class R6      | FBNRX           |

### Templeton International Bond Fund (Series ID: S000019674)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000055044 | Class A       | TBOAX           |
| C000055045 | Class C       | FCNBX           |
| C000055046 | Class R       |  |
| C000055047 | Advisor Class | FIBZX           |
| C000194388 | Class R6      | FIBQX           |

### Templeton Global Bond Enhanced Fund (Series ID: S000023539)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000069254 | Class A       | TGTRX           |
| C000069255 | Class C       | TTRCX           |
| C000069256 | Class R       | FRRGX           |
| C000069257 | Advisor Class | TTRZX           |
| C000128751 | Class R6      | FTTRX           |

### Templeton Sustainable Emerging Markets Bond Fund (Series ID: S000040303)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000125198 | Class A       | FEMGX           |
| C000125199 | Class C       | FEMHX           |
| C000125200 | Class R       | FEMBX           |
| C000125201 | Class R6      | FEMRX           |
| C000125202 | Advisor Class | FEMZX           |

?xml version='1.0' encoding='ASCII'? 2025-07-1774200013800_TempletonGlobalBondFund_ClassA_TSRSemiAnnual

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR**

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number **811-04706**

**Templeton Income Trust**

(Exact name of registrant as specified in charter)

**300 S.E. 2<sup>nd</sup> Street, Fort Lauderdale, FL 33301-1923**

(Address of principal executive offices) (Zip code)

Alison Baur

Franklin Templeton

One Franklin Parkway

San Mateo, CA 94403-1906

(Name and address of agent for service)

Registrant's telephone number, including area code: **(954) 527-7500**

Date of fiscal year end: **December 31**

Date of reporting period: **June 30, 2025**

ITEM 1. REPORT TO STOCKHOLDERS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Report to Shareholders is filed herewith

---

| | |
|:---|:---|
| **Templeton Global Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Class A [TPINX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Global Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class A | $54 | 1.01% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $3155009279 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 74 |
| **Portfolio Turnover Rate** | 16.22% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4542img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Global Bond Fund PAGE 1 406-STSR-0825

33.428.610.66.04.80.316.3 ------

---

| | |
|:---|:---|
| **Templeton Global Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Class C [TEGBX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Global Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class C | $75 | 1.41% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $3155009279 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 74 |
| **Portfolio Turnover Rate** | 16.22% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4544img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Global Bond Fund PAGE 1 506-STSR-0825

33.428.610.66.04.80.316.3 ------

---

| | |
|:---|:---|
| **Templeton Global Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Class R [FGBRX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Global Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class R | $67 | 1.26% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $3155009279 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 74 |
| **Portfolio Turnover Rate** | 16.22% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4548img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Global Bond Fund PAGE 1 816-STSR-0825

33.428.610.66.04.80.316.3 ------

---

| | |
|:---|:---|
| **Templeton Global Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Class R6 [FBNRX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Global Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class R6 | $31 | 0.58% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $3155009279 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 74 |
| **Portfolio Turnover Rate** | 16.22% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4546img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Global Bond Fund PAGE 1 356-STSR-0825

33.428.610.66.04.80.316.3 ------

---

| | |
|:---|:---|
| **Templeton Global Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Advisor Class [TGBAX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Global Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Advisor Class | $40 | 0.76% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $3155009279 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 74 |
| **Portfolio Turnover Rate** | 16.22% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4540img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Global Bond Fund PAGE 1 616-STSR-0825

33.428.610.66.04.80.316.3 ------

---

| | |
|:---|:---|
| **Templeton Global Bond Enhanced Fund**  | ![image](img2199_202405220716489.jpg) |
| Class A [TGTRX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Global Bond Enhanced Fund (previously known as Templeton Global Total Return Fund) for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class A | $62 | 1.16% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $215804103 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 78 |
| **Portfolio Turnover Rate** | 23.04% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4552img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Global Bond Enhanced Fund PAGE 1 407-STSR-0825

29.625.112.24.94.64.319.3 ------

---

| | |
|:---|:---|
| **Templeton Global Bond Enhanced Fund**  | ![image](img2199_202405220716489.jpg) |
| Class C [TTRCX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Global Bond Enhanced Fund (previously known as Templeton Global Total Return Fund) for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class C | $83 | 1.56% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $215804103 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 78 |
| **Portfolio Turnover Rate** | 23.04% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4554img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Global Bond Enhanced Fund PAGE 1 507-STSR-0825

29.625.112.24.94.64.319.3 ------

---

| | |
|:---|:---|
| **Templeton Global Bond Enhanced Fund**  | ![image](img2199_202405220716489.jpg) |
| Class R [FRRGX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Global Bond Enhanced Fund (previously known as Templeton Global Total Return Fund) for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class R | $76 | 1.42% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $215804103 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 78 |
| **Portfolio Turnover Rate** | 23.04% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4557img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Global Bond Enhanced Fund PAGE 1 808-STSR-0825

29.625.112.24.94.64.319.3 ------

---

| | |
|:---|:---|
| **Templeton Global Bond Enhanced Fund**  | ![image](img2199_202405220716489.jpg) |
| Class R6 [FTTRX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Global Bond Enhanced Fund (previously known as Templeton Global Total Return Fund) for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class R6 | $38 | 0.72% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $215804103 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 78 |
| **Portfolio Turnover Rate** | 23.04% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4556img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Global Bond Enhanced Fund PAGE 1 308-STSR-0825

29.625.112.24.94.64.319.3 ------

---

| | |
|:---|:---|
| **Templeton Global Bond Enhanced Fund**  | ![image](img2199_202405220716489.jpg) |
| Advisor Class [TTRZX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Global Bond Enhanced Fund (previously known as Templeton Global Total Return Fund) for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Advisor Class | $49 | 0.92% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $215804103 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 78 |
| **Portfolio Turnover Rate** | 23.04% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4550img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Global Bond Enhanced Fund PAGE 1 696-STSR-0825

29.625.112.24.94.64.319.3 ------

---

| | |
|:---|:---|
| **Templeton International Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Class A [TBOAX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton International Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class A | $53 | 0.99% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $19890573 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 67 |
| **Portfolio Turnover Rate** | 18.08% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4579img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton International Bond Fund PAGE 1 447-STSR-0825

29.815.111.29.97.55.10.421.0 ------

---

| | |
|:---|:---|
| **Templeton International Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Class C [FCNBX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton International Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class C | $74 | 1.39% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $19890573 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 67 |
| **Portfolio Turnover Rate** | 18.08% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4580img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton International Bond Fund PAGE 1 247-STSR-0825

29.815.111.29.97.55.10.421.0 ------

---

| | |
|:---|:---|
| **Templeton International Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Class R | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton International Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class R | $66 | 1.24% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $19890573 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 67 |
| **Portfolio Turnover Rate** | 18.08% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4582img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton International Bond Fund PAGE 1 847-STSR-0825

29.815.111.29.97.55.10.421.0 ------

---

| | |
|:---|:---|
| **Templeton International Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Class R6 [FIBQX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton International Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class R6 | $32 | 0.60% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $19890573 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 67 |
| **Portfolio Turnover Rate** | 18.08% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4581img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton International Bond Fund PAGE 1 8447-STSR-0825

29.815.111.29.97.55.10.421.0 ------

---

| | |
|:---|:---|
| **Templeton International Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Advisor Class [FIBZX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton International Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Advisor Class | $39 | 0.74% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $19890573 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 67 |
| **Portfolio Turnover Rate** | 18.08% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4578img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton International Bond Fund PAGE 1 647-STSR-0825

29.815.111.29.97.55.10.421.0 ------

---

| | |
|:---|:---|
| **Templeton Sustainable Emerging Markets Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Class A [FEMGX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Sustainable Emerging Markets Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class A | $61 | 1.14% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $15156182 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 53 |
| **Portfolio Turnover Rate** | 26.48% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4572img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Sustainable Emerging Markets Bond Fund PAGE 1 72-STSR-0825

30.420.613.212.810.212.8 ------

---

| | |
|:---|:---|
| **Templeton Sustainable Emerging Markets Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Class C [FEMHX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Sustainable Emerging Markets Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class C | $82 | 1.54% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $15156182 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 53 |
| **Portfolio Turnover Rate** | 26.48% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4574img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Sustainable Emerging Markets Bond Fund PAGE 1 572-STSR-0825

30.420.613.212.810.212.8 ------

---

| | |
|:---|:---|
| **Templeton Sustainable Emerging Markets Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Class R [FEMBX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Sustainable Emerging Markets Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class R | $74 | 1.39% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $15156182 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 53 |
| **Portfolio Turnover Rate** | 26.48% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4577img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Sustainable Emerging Markets Bond Fund PAGE 1 872-STSR-0825

30.420.613.212.810.212.8 ------

---

| | |
|:---|:---|
| **Templeton Sustainable Emerging Markets Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Class R6 [FEMRX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Sustainable Emerging Markets Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Class R6 | $46 | 0.86% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $15156182 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 53 |
| **Portfolio Turnover Rate** | 26.48% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4576img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Sustainable Emerging Markets Bond Fund PAGE 1 812-STSR-0825

30.420.613.212.810.212.8 ------

---

| | |
|:---|:---|
| **Templeton Sustainable Emerging Markets Bond Fund**  | ![image](img2199_202405220716489.jpg) |
| Advisor Class [FEMZX] | ![image](img2199_202405220716489.jpg) |
| Semi-Annual Shareholder Report \| June 30, 2025  | ![image](img2199_202405220716489.jpg) |
| ![image](img2195_202408190904545.jpg) | ![image](img2195_202408190904545.jpg) |

---

This semi-annual shareholder report contains important information about Templeton Sustainable Emerging Markets Bond Fund for the period January 1, 2025, to June 30, 2025.

You can find additional information about the Fund at https://www.franklintempleton.com/regulatory-fund-documents. You can also request this information by contacting us at (800) DIAL BEN/342-5236.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of a** **$10,000 investment**<sup>\*</sup><sup>,</sup><sup>†</sup>  |
| Advisor Class | $48 | 0.89% |

---

\* Reflects fee waivers and/or expense reimbursements, without which expenses would have been higher.

† Annualized.

**KEY FUND STATISTICS** (as of June 30, 2025)

---

| | |
|:---|:---|
| **Total Net Assets** | $15156182 |
| **Total Number of Portfolio Holdings**<sup>\*</sup>  | 53 |
| **Portfolio Turnover Rate** | 26.48% |

---

\* Does not include derivatives, except purchased options, if any.

**WHAT DID THE FUND INVEST IN?** (as of June 30, 2025)

**Portfolio Composition**<sup>\*</sup> **(% of Total Investments)**

![image](ts4570img003.jpg)

\* Does not include derivatives, except purchased options, if any.

---

| | |
|:---|:---|
| ![image](img11308_202405310907293.jpg) | **WHERE CAN I FIND ADDITIONAL INFORMATION ABOUT THE FUND?** |
| ![image](img11308_202405310907293.jpg) | Additional information is available on https://www.franklintempleton.com/regulatory-fund-documents, including its: |
| ![image](img11308_202405310907293.jpg) | • prospectus • proxy voting information • financial information • holdings • tax information |

---

Templeton Sustainable Emerging Markets Bond Fund PAGE 1 12-STSR-0825

30.420.613.212.810.212.8 ------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable

ITEM 2. CODE OF ETHICS.

Not applicable.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

Not applicable.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Not applicable.

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable.

ITEM 6. SCHEDULE OF INVESTMENTS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Please see schedule of investments contained in the Financial Statements and Financial
 Highlights included under Item 7 of this Form N-CSR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

#### Templeton

#### Income

#### Trust

#### Financial

#### Statements

#### and

#### Other

#### Important

#### Information

#### Semiannual
\|

June

30,

2025

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund

#### Table

#### of

#### Contents
franklintempleton.com

Financial

Statements

and

Other

Important

Information—Semiannual

Financial

Highlights

and

Schedules

of

Investments

#### 2
Financial

Statements

#### 46
Notes

to

Financial

Statements

#### 52
Changes

In

and

Disagreements

with

Accountants

#### 79
Results

of

Meeting(s)

of

Shareholders

Remuneration

Paid

to

Directors,

Officers

and

Others

Board

Approval

of

Management

and

Subadvisory

Agreements

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Global

#### Bond

#### Fund
franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### A

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.49

$7.77

$7.89

$8.84

$9.80

$10.69

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.19 0.36 0.29 0.34 0.42 0.41 Net

realized

and

unrealized

gains

(losses)

0.70 (1.27)

(0.11)

(0.88)

(0.90)

(0.85)

Total

from

investment

operations

........

0.89 (0.91)

0.18 (0.54)

(0.48)

(0.44)

Less

distributions

from:

Net

investment

income

..............

(0.20)

(0.14)

—

—

—

(0.01)

Tax

return

of

capital

................

—

(0.23)

(0.30)

(0.41)

(0.48)

(0.44)

Total

distributions

...................

(0.20)

(0.37)

(0.30)

(0.41)

(0.48)

(0.45)

Net

asset

value,

end

of

period

..........

$7.18

$6.49

$7.77

$7.89

$8.84

$9.80

Total

return

c

.......................

13.94%

(11.95)%

2.43%

(6.17)%

(5.06)%

(4.14)%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

1.05%

0.99%

0.97%

0.96%

0.97%

0.93%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.01%

0.96%

0.95%

0.94%

0.96%

0.91%

Net

investment

income

...............

5.72%

5.06%

3.72%

4.14%

4.51%

4.03%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$1,564,552

$1,496,483

$2,104,823

$2,492,812

$3,478,172

$4,749,790

Portfolio

turnover

rate

................

16.22%

30.80%

104.28%

16.01%

28.44%

60.07%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

does

not

reflect

sales

commissions

or

contingent

deferred

sales

charges,

if

applicable,

and

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Global

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### C

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.53

$7.81

$7.93

$8.88

$9.83

$10.72

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.18 0.33 0.25 0.31 0.38 0.37 Net

realized

and

unrealized

gains

(losses)

0.70 (1.27)

(0.10)

(0.89)

(0.90)

(0.85)

Total

from

investment

operations

........

0.88 (0.94)

0.15 (0.58)

(0.52)

(0.48)

Less

distributions

from:

Net

investment

income

..............

(0.19)

(0.13)

—

—

—

(0.01)

Tax

return

of

capital

................

—

(0.21)

(0.27)

(0.37)

(0.43)

(0.40)

Total

distributions

...................

(0.19)

(0.34)

(0.27)

(0.37)

(0.43)

(0.41)

Net

asset

value,

end

of

period

..........

$7.22

$6.53

$7.81

$7.93

$8.88

$9.83

Total

return

c

.......................

13.62%

(12.26)%

1.99%

(6.53)%

(5.38)%

(4.52)%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

1.45%

1.39%

1.37%

1.37%

1.36%

1.33%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.41%

1.36%

1.35%

1.35%

1.36%

e

1.31%

Net

investment

income

...............

5.31%

4.63%

3.27%

3.78%

4.07%

3.65%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$40,599

$44,654

$79,606

$126,600

$224,611

$682,582

Portfolio

turnover

rate

................

16.22%

30.80%

104.28%

16.01%

28.44%

60.07%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

does

not

reflect

sales

commissions

or

contingent

deferred

sales

charges,

if

applicable,

and

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

e

Benefit

of

waiver

and

payments

by

affiliates

rounds

to

less

than

0.01%.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Global

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### R

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.49

$7.77

$7.89

$8.84

$9.80

$10.69

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.19 0.35 0.27 0.32 0.40 0.38 Net

realized

and

unrealized

gains

(losses)

0.69 (1.27)

(0.11)

(0.88)

(0.91)

(0.84)

Total

from

investment

operations

........

0.88 (0.92)

0.16 (0.56)

(0.51)

(0.46)

Less

distributions

from:

Net

investment

income

..............

(0.19)

(0.14)

—

—

—

(0.01)

Tax

return

of

capital

................

—

(0.22)

(0.28)

(0.39)

(0.45)

(0.42)

Total

distributions

...................

(0.19)

(0.36)

(0.28)

(0.39)

(0.45)

(0.43)

Net

asset

value,

end

of

period

..........

$7.18

$6.49

$7.77

$7.89

$8.84

$9.80

Total

return

c

.......................

13.80%

(12.17)%

2.18%

(6.40)%

(5.30)%

(4.38)%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

1.30%

1.24%

1.22%

1.21%

1.22%

1.18%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.26%

1.21%

1.20%

1.19%

1.21%

1.16%

Net

investment

income

...............

5.47%

4.81%

3.48%

3.87%

4.26%

3.79%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$78,838

$76,614

$100,333

$111,601

$137,543

$170,554

Portfolio

turnover

rate

................

16.22%

30.80%

104.28%

16.01%

28.44%

60.07%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Global

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### R6

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.45

$7.72

$7.85

$8.80

$9.75

$10.64

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.21 0.39 0.31 0.37 0.45 0.45 Net

realized

and

unrealized

gains

(losses)

0.69 (1.26)

(0.11)

(0.88)

(0.89)

(0.85)

Total

from

investment

operations

........

0.90 (0.87)

0.20 (0.51)

(0.44)

(0.40)

Less

distributions

from:

Net

investment

income

..............

(0.22)

(0.15)

—

—

—

(0.01)

Tax

return

of

capital

................

—

(0.25)

(0.33)

(0.44)

(0.51)

(0.48)

Total

distributions

...................

(0.22)

(0.40)

(0.33)

(0.44)

(0.51)

(0.49)

Net

asset

value,

end

of

period

..........

$7.13

$6.45

$7.72

$7.85

$8.80

$9.75

Total

return

c

.......................

14.11%

(11.54)%

2.72%

(5.79)%

(4.59)%

(3.79)%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

0.64%

0.61%

0.60%

0.58%

0.63%

0.58%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

0.58%

0.56%

0.56%

0.52%

0.58%

0.54%

Net

investment

income

...............

6.15%

5.46%

4.09%

4.56%

4.85%

4.42%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$416,313

$417,858

$551,986

$688,345

$944,502

$2,273,175

Portfolio

turnover

rate

................

16.22%

30.80%

104.28%

16.01%

28.44%

60.07%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Global

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Advisor

#### Class

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.45

$7.73

$7.85

$8.80

$9.75

$10.64

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.20 0.38 0.30 0.36 0.44 0.43 Net

realized

and

unrealized

gains

(losses)

0.70 (1.27)

(0.10)

(0.88)

(0.89)

(0.84)

Total

from

investment

operations

........

0.90 (0.89)

0.20 (0.52)

(0.45)

(0.41)

Less

distributions

from:

Net

investment

income

..............

(0.21)

(0.15)

—

—

—

(0.01)

Tax

return

of

capital

................

—

(0.24)

(0.32)

(0.43)

(0.50)

(0.47)

Total

distributions

...................

(0.21)

(0.39)

(0.32)

(0.43)

(0.50)

(0.48)

Net

asset

value,

end

of

period

..........

$7.14

$6.45

$7.73

$7.85

$8.80

$9.75

Total

return

c

.......................

14.17%

(11.79)%

2.71%

(5.95)%

(4.74)%

(3.92)%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

0.80%

0.74%

0.72%

0.72%

0.72%

0.69%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

0.76%

0.71%

0.70%

0.69%

0.71%

0.66%

Net

investment

income

...............

5.97%

5.28%

3.96%

4.41%

4.74%

4.31%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$1,054,707

$953,070

$1,743,989

$2,284,522

$3,641,639

$7,050,610

Portfolio

turnover

rate

................

16.22%

30.80%

104.28%

16.01%

28.44%

60.07%

#### a
The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

#### b
Based

on

average

daily

shares

outstanding.

#### c
Total

return

is

not

annualized

for

periods

less

than

one

year.

#### d
Ratios

are

annualized

for

periods

less

than

one

year.

Templeton

Income

Trust

Schedule

of

Investments

(unaudited),

June

30,

2025

#### Templeton

#### Global

#### Bond

#### Fund
franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### 79.2%

#### Australia

#### 10.6%
New

South

Wales

Treasury

Corp.

,

Senior

Bond,

2%,

3/08/33

........

112,969,000

AUD

$

62,449,255

a

Senior

Bond,

Reg

S,

1.75%,

3/20/34

94,524,000

AUD

49,179,017

a

Queensland

Treasury

Corp.,

Senior

Bond,

144A,

Reg

S,

1.75%,

7/20/34

.

218,298,000

AUD

111,514,540

Treasury

Corp.

of

Victoria

,

Senior

Bond,

2.25%,

11/20/34

.....

44,262,000

AUD

23,465,049

Senior

Bond,

2%,

11/20/37

........

189,652,000

AUD

87,969,013

334,576,874

#### Brazil

#### 10.4%
Brazil

Notas

do

Tesouro

Nacional

,

10%,

1/01/27

..................

82,042,000

BRL

14,334,697

10%,

1/01/31

..................

909,614,000

BRL

145,723,766

10%,

1/01/33

..................

361,526,000

BRL

55,931,459

F,

10%,

1/01/29

................

670,034,000

BRL

112,812,495

328,802,417

#### Colombia

#### 6.6%
Colombia

Titulos

de

Tesoreria

,

B,

7.75%,

9/18/30

..............

146,198,800,000

COP

30,967,865

B,

7%,

3/26/31

.................

110,158,200,000

COP

21,886,169

B,

7%,

6/30/32

.................

107,691,000,000

COP

20,253,111

B,

13.25%,

2/09/33

.............

248,870,000,000

COP

63,881,197

B,

7.25%,

10/18/34

.............

148,699,000,000

COP

26,651,113

B,

6.25%,

7/09/36

..............

41,872,000,000

COP

6,635,888

B,

9.25%,

5/28/42

..............

206,416,000,000

COP

38,837,367

209,112,710

#### Egypt

#### 2.4%
a

Egypt

Government

Bond

,

Senior

Bond,

144A,

8.5%,

1/31/47

..

40,381,000

32,818,612

Senior

Bond,

144A,

8.7%

,

3/01/49

..

12,110,000

9,947,240

Senior

Bond,

144A,

8.875%,

5/29/50

26,683,000

22,258,780

Senior

Bond,

144A,

8.75%,

9/30/51

.

11,130,000

9,147,675

74,172,307

#### Ghana

#### 1.9%
b

Ghana

Government

Bond

,

PIK,

8.5%,

2/15/28

..............

111,267,004

GHS

8,206,726

PIK,

8.65%,

2/13/29

.............

40,524,951

GHS

2,767,221

PIK,

8.8%,

2/12/30

..............

140,437,055

GHS

9,019,742

PIK,

8.95%,

2/11/31

.............

2,996,856

GHS

181,188

PIK,

9.1%,

2/10/32

..............

128,942,480

GHS

7,448,983

PIK,

9.25%,

2/08/33

.............

96,971,969

GHS

5,395,531

PIK,

9.4%,

2/07/34

..............

125,070,051

GHS

6,686,503

PIK,

9.55%,

2/06/35

.............

82,592,814

GHS

4,319,936

PIK,

9.7%,

2/05/36

..............

120,897,172

GHS

6,226,504

PIK,

9.85%,

2/03/37

.............

68,623,654

GHS

3,499,170

PIK,

10%,

2/02/38

..............

99,422,012

GHS

5,041,353

58,792,857

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Global

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities
(continued)

#### Greece

#### 1.5%
a

Greece

Government

Bond

,

Senior

Bond,

144A,

Reg

S,

4.25%,

6/15/33

......................

17,701,000

EUR

$

22,618,182

Senior

Bond,

144A,

Reg

S,

3.375%,

6/15/34

......................

20,003,000

EUR

23,956,315

46,574,497

#### India

#### 8.9%
India

Government

Bond

,

7.26%,

1/14/29

................

3,514,100,000

INR

42,800,257

Senior

Bond,

7.26%,

8/22/32

......

12,972,780,000

INR

159,566,499

Senior

Bond,

7.18%,

8/14/33

......

4,011,300,000

INR

48,998,853

Senior

Bond,

7.1%,

4/08/34

.......

456,210,000

INR

5,557,825

Senior

Bond,

6.79%,

10/07/34

.....

1,097,100,000

INR

13,184,851

Senior

Note,

7.1%,

4/18/29

.......

917,600,000

INR

11,089,832

281,198,117

#### Malaysia

#### 8.8%
Malaysia

Government

Bond

,

3.9%,

11/30/26

.................

170,024,000

MYR

40,859,945

3.892%,

3/15/27

................

19,290,000

MYR

4,644,290

3.502%,

5/31/27

................

30,640,000

MYR

7,337,565

3.899%,

11/16/27

...............

691,620,000

MYR

167,154,143

4.498%,

4/15/30

................

97,744,000

MYR

24,470,338

3.582%,

7/15/32

................

134,410,000

MYR

32,298,183

276,764,464

#### Mexico

#### 4.6%
Mexican

Bonos

Desarr

Fixed

Rate

,

M,

8.5%,

3/01/29

...............

852,180,000

MXN

45,321,422

M,

8.5%,

2/28/30

...............

463,100,000

MXN

24,530,522

M,

7.75%,

5/29/31

..............

395,730,000

MXN

20,108,852

M,

Senior

Bond,

8.5%,

5/31/29

.....

1,038,316,100

MXN

55,183,548

145,144,344

#### Norway

#### 4.2%
a

Norway

Government

Bond

,

Senior

Bond,

144A,

Reg

S,

1.5%,

2/19/26

......................

1,296,938,000

NOK

126,802,537

Senior

Bond,

144A,

Reg

S,

1.75%,

2/17/27

......................

68,460,000

NOK

6,605,527

133,408,064

#### Panama

#### 4.5%
Panama

Government

Bond

,

Senior

Bond,

2.252%,

9/29/32

.....

22,130,000

16,945,391

Senior

Bond,

3.298%,

1/19/33

.....

2,130,000

1,742,525

Senior

Bond,

6.4%,

2/14/35

.......

71,380,000

69,669,353

Senior

Bond,

6.875%,

1/31/36

.....

2,790,000

2,780,944

Senior

Bond,

8%,

3/01/38

........

45,980,000

49,385,850

140,524,063

#### Serbia

#### 0.5%
Serbia

Treasury

Bonds,

4.5%,

8/20/32

.

1,617,620,000

RSD

15,840,280

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Global

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities
(continued)

#### South

#### Africa

#### 6.3%
South

Africa

Government

Bond

,

Senior

Bond,

8.875%,

2/28/35

.....

776,200,000

ZAR

$

41,047,362

Senior

Bond,

8.5%,

1/31/37

.......

1,241,135,000

ZAR

61,115,478

Senior

Bond,

9%,

1/31/40

........

1,348,700,000

ZAR

65,965,833

Senior

Bond,

8.75%,

1/31/44

......

659,639,000

ZAR

30,312,592

198,441,265

#### Spain

#### 4.4%
a

Spain

Government

Bond

,

Senior

Bond,

144A,

Reg

S,

3.55%,

10/31/33

.....................

53,058,000

EUR

65,070,876

Senior

Bond,

144A,

Reg

S,

3.15%,

4/30/35

......................

63,830,000

EUR

75,087,608

140,158,484

#### Supranational

#### 0.3%
c

International

Bank

for

Reconstruction

&

Development,

Senior

Note,

6.89%,

2/06/30

......................

789,000,000

INR

9,310,341

#### Uruguay

#### 3.3%
d

Uruguay

Government

Bond,

Index

Linked,

Senior

Bond,

3.875%,

7/02/40

3,935,595,026

UYU

104,748,302

#### Total

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### (Cost

#### $2,502,184,402)

#### ...........

#### 2,497,569,386

#### U.S.

#### Government

#### and

#### Agency

#### Securities

#### 3.3%

#### United

#### States

#### 3.3%
U.S.

Treasury

Notes

,

3.5%,

2/15/33

.................

53,358,000

51,452,953

4.25%,

11/15/34

................

53,461,600

53,653,728

105,106,681

#### Total

#### U.S.

#### Government

#### and

#### Agency

#### Securities

#### (Cost

#### $106,040,220)
................

#### 105,106,681

#### Total

#### Long

#### Term

#### Investments

#### (Cost

#### $2,608,224,622)

#### .............................

#### 2,602,676,067

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### #

#### a

#### aa

#### Options

#### Purchased

#### 0.4%

#### Calls

#### -

#### Over-the-Counter

#### Currency

#### Options
Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

October

Strike

Price

154.35 JPY,

Expires

10/03/25

.

800,932,000

1,039,462

1,039,462

#### Puts

#### -

#### Over-the-Counter

#### Currency

#### Options
Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

September

Strike

Price

128.00 JPY,

Expires

9/11/25

......................

165,839,000

169,915

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Global

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

a

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### #
a

#### Value
a

a

#### a

#### aa
a

#### a

#### Options

#### Purchased
(continued)

#### Puts

#### -

#### Over-the-Counter
(continued)

#### Currency

#### Options
(continued)

Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

October

Strike

Price

137.50 JPY

,

Expires

10/03/25

.

337,232,000

$

3,063,526

Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

September

Strike

Price

140.25 JPY,

Expires

9/08/25

......................

706,239,000

7,706,709

10,940,150

#### Total

#### Options

#### Purchased

#### (Cost

#### $22,077,529)

#### ....................................

#### 11,979,612

#### Short

#### Term

#### Investments

#### 16.1%
a

a

#### Industry

#### Shares
a

#### Value
a

a

#### a
a

#### Money

#### Market

#### Funds

#### 16.1%

#### United

#### States

#### 16.1%
e,f

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.332%

.........

508,686,162

508,686,162

#### Total

#### Money

#### Market

#### Funds

#### (Cost

#### $508,686,162)

#### .................................

#### 508,686,162
a

#### a
a

a

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $508,686,162

####)
...............................

#### 508,686,162
a

#### a

#### Total

#### Investments

#### (Cost

#### $3,138,988,313)

#### 99.0%

#### ..................................

#### $3,123,341,841

#### Options

#### Written

#### (0.2)%

#### .......................................................

#### (6,857,943)

#### Other

#### Assets,

#### less

#### Liabilities

#### 1.2%

#### .............................................

#### 38,525,381

#### Net

#### Assets

#### 100.0%

#### ...........................................................

#### $3,155,009,279

#### a
a

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### #
g

#### Options

#### Written

#### (0.2)%
a

#### Calls

#### -

#### Over-the-Counter
a

#### Currency

#### Options
Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

October

Strike

Price

146.80 JPY,

Expires

10/03/25

.

400,465,000

(3,424,267)

(3,424,267)

#### Puts

#### -

#### Over-the-Counter

#### Currency

#### Options
Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

October

Strike

Price

127.90 JPY,

Expires

10/03/25

.

337,232,000

(571,640)

Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

September

Strike

Price

136.20 JPY,

Expires

9/08/25

......................

588,533,000

(2,862,036)

(3,433,676)

#### Total

#### Options

#### Written

#### (Premiums

#### received

#### $13,666,564)

#### ..........................

#### $

#### (6,857,943)
Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Global

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

At

June

30,

2025,

the

Fund

had

the

following

forward

exchange

contracts

outstanding.

See

Note

1(d).

#### Forward

#### Exchange

#### Contracts

#### Currency

#### Counter-

#### party

#### a

#### Type

#### Quantity

#### Contract

#### Amount

#### \*

#### Settlement

#### Date

#### Unrealized

#### Appreciation

#### Unrealized

#### Depreciation

#### a

#### OTC

#### Forward

#### Exchange

#### Contracts
Euro

.............

BNDP

Sell

32,168,000

33,135,935

7/15/25

$

—

$

(4,790,814)

Euro

.............

BOFA

Sell

28,963,456

29,859,151

7/15/25

—

(4,289,373)

Euro

.............

BZWS

Sell

33,872,544

35,053,341

7/16/25

—

(4,886,088)

Euro

.............

JPHQ

Sell

33,876,000

35,022,364

7/16/25

—

(4,921,140)

Japanese

Yen

......

BNDP

Buy

36,165,525,520

234,343,779

7/16/25

17,215,226

—

Japanese

Yen

......

BNDP

Sell

25,343,200,000

174,187,927

7/16/25

489,367

(2,582,858)

Serbian

Dinar

......

DBAB

Buy

896,483,143

8,655,225

7/17/25

359,715

—

Serbian

Dinar

......

DBAB

Buy

2,253,654,000

21,923,984

8/05/25

737,830

—

Chinese

Yuan

......

DBAB

Sell

590,635,954

82,532,552

8/18/25

—

(293,053)

Chinese

Yuan

......

CITI

Sell

325,946,035

45,188,065

8/21/25

—

(530,333)

Chinese

Yuan

......

DBAB

Sell

325,698,784

45,150,658

8/21/25

—

(533,060)

Chinese

Yuan

......

JPHQ

Sell

259,117,222

35,924,637

8/21/25

—

(420,104)

Mexican

Peso

......

BNDP

Buy

903,398,478

46,234,473

8/27/25

1,618,724

—

Mexican

Peso

......

HSBK

Buy

1,533,145,665

78,492,034

8/27/25

2,718,995

—

Japanese

Yen

......

MSCO

Buy

40,566,829,000

282,995,431

9/10/25

987,747

—

Mexican

Peso

......

BNDP

Buy

328,304,649

16,921,176

9/10/25

443,173

—

Mexican

Peso

......

HSBK

Buy

650,955,820

33,542,321

9/10/25

887,359

—

Serbian

Dinar

......

DBAB

Buy

1,097,715,000

10,130,260

9/10/25

906,879

—

Serbian

Dinar

......

DBAB

Buy

3,134,972,506

29,019,462

9/17/25

2,497,940

—

South

Korean

Won

..

DBAB

Buy

10,256,000,000

7,106,184

9/17/25

510,701

—

South

Korean

Won

..

HSBK

Buy

196,242,900,000

135,921,111

9/17/25

9,823,781

—

South

Korean

Won

..

JPHQ

Buy

16,182,300,000

11,130,653

9/17/25

887,553

—

Chinese

Yuan

......

HSBK

Sell

1,020,657,000

143,388,966

9/29/25

—

(247,646)

Chinese

Yuan

......

MSCO

Sell

1,102,153,000

154,853,317

9/29/25

—

(252,192)

Euro

.............

JPHQ

Sell

76,824,084

89,646,024

9/29/25

—

(1,391,983)

South

Korean

Won

..

DBAB

Buy

111,114,556,000

82,258,333

9/29/25

325,005

—

Serbian

Dinar

......

DBAB

Buy

2,081,824,379

20,802,122

9/30/25

122,976

—

Japanese

Yen

......

MSCO

Buy

42,975,408,800

301,427,687

10/07/25

771,079

(455,829)

Euro

.............

MSCO

Sell

41,397,613

499,500,000

NOK

10/10/25

495,556

—

Chinese

Yuan

......

CITI

Sell

324,329,313

45,615,937

11/17/25

—

(184,652)

Chinese

Yuan

......

HSBK

Sell

547,251,250

77,162,411

12/17/25

—

(280,657)

Total

Forward

Exchange

Contracts

...................................................

$41,799,606

$(26,059,782)

Net

unrealized

appreciation

(depreciation)

............................................

$15,739,824

\*

In

U.S.

dollars

unless

otherwise

indicated.

a

May

be

comprised

of

multiple

contracts

with

the

same

counterparty,

currency

and

settlement

date.

#

Notional

amount

is

the

number

of

contracts

multiplied

by

contract

size,

and

may

be

multiplied

by

the

underlying

price.

May

include

currency

units,

bushels,

shares,

pounds,

barrels

or

other

units.

Currency

units

are

stated

in

U.S.

dollars

unless

otherwise

indicated.

\*

The

principal

amount

is

stated

in

U.S.

dollars

unless

otherwise

indicated.

a

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

June

30,

2025,

the

aggregate

value

of

these

securities

was

$555,006,909,

representing

17.6%

of

net

assets.

b

Income

may

be

received

in

additional

securities

and/or

cash.

c

A

supranational

organization

is

an

entity

formed

by

two

or

more

central

governments

through

international

treaties.

d

Principal

amount

of

security,

redemption

price

at

maturity,

and/or

coupon

payments

are

adjusted

for

inflation.

See

Note

1(g).

e

See

Note

3(f)

regarding

investments

in

affiliated

management

investment

companies.

f

The

rate

shown

is

the

annualized

seven-day

effective

yield

at

period

end.

g

See

Note

1(d)

regarding

written

options.

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Global

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

At

June

30,

2025,

the

Fund

had

the

following

interest

rate

swap

contracts

outstanding.

See

Note

1(d).

#### Interest

#### Rate

#### Swap

#### Contracts

#### Description

#### Payment

#### Frequency

#### Maturity

#### Date

#### Notional

#### Amount

#### \*

#### Value

#### Upfront

#### Payments
(Receipts)

#### Unrealized

#### Appreciation
(Depreciation)

aa

#### aa

#### Centrally

#### Cleared

#### Swap

#### Contracts
Receive

Fixed

3.285%

.

Annual

Pay

Floating

1-day

SOFR

............

Annual

5/03/33

169,510,000

$

(3,641,250)

$

—

$

(3,641,250)

Total

Interest

Rate

Swap

Contracts

.................................

$(3,641,250)

$

—

$(3,641,250)

\*

In

U.S.

dollars

unless

otherwise

indicated.

See

Note

regarding

other

derivative

information.

See

Abbreviations

on

.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Global

#### Total

#### Return

#### Fund
franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### A

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.20

$7.15

$7.16

$8.77

$9.98

$11.02

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.23 0.48 0.40 0.46 0.63 0.43 Net

realized

and

unrealized

gains

(losses)

0.67 (0.94)

—

c

(1.55)

(1.14)

(1.01)

Total

from

investment

operations

........

0.90 (0.46)

0.40 (1.09)

(0.51)

(0.58)

Less

distributions

from:

Net

investment

income

..............

(0.25)

(0.21)

—

—

—

(0.02)

Tax

return

of

capital

................

—

(0.28)

(0.41)

(0.52)

(0.70)

(0.44)

Total

distributions

...................

(0.25)

(0.49)

(0.41)

(0.52)

(0.70)

(0.46)

Net

asset

value,

end

of

period

..........

$6.85

$6.20

$7.15

$7.16

$8.77

$9.98

Total

return

d

.......................

14.72%

(6.74)%

5.88%

(12.53)%

(5.39)%

(5.32)%

#### Ratios

#### to

#### average

#### net

#### assets

#### e
Expenses

before

waiver

and

payments

by

affiliates

and

expense

reduction

........

1.20%

1.22%

1.16%

1.16%

1.17%

1.08%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.16%

1.20%

1.14%

1.14%

1.16%

1.06%

Expenses

net

of

waiver

and

payments

by

affiliates

and

expense

reduction

........

1.16%

1.20%

1.07%

1.14%

f

1.16%

f

1.04%

Net

investment

income

...............

7.29%

7.08%

5.65%

5.99%

6.67%

4.19%

#### Supplemental

#### data
Net

assets,

end

of

period

(000's)

........

$116,044

$113,102

$163,440

$200,854

$299,056

$482,575

Portfolio

turnover

rate

................

23.04%

29.14%

76.60%

35.05%

23.94%

60.89%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Amount

rounds

to

less

than

$0.01

per

share.

d

Total

return

does

not

reflect

sales

commissions

or

contingent

deferred

sales

charges,

if

applicable,

and

is

not

annualized

for

periods

less

than

one

year.

e

Ratios

are

annualized

for

periods

less

than

one

year.

f

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Global

#### Total

#### Return

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### C

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.20

$7.15

$7.15

$8.76

$9.96

$11.01

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.22 0.45 0.37 0.44 0.59 0.39 Net

realized

and

unrealized

gains

(losses)

0.65 (0.94)

0.01 (1.56)

(1.14)

(1.02)

Total

from

investment

operations

........

0.87 (0.49)

0.38 (1.12)

(0.55)

(0.63)

Less

distributions

from:

Net

investment

income

..............

(0.23)

(0.20)

—

—

—

(0.01)

Tax

return

of

capital

................

—

(0.26)

(0.38)

(0.49)

(0.65)

(0.41)

Total

distributions

...................

(0.23)

(0.46)

(0.38)

(0.49)

(0.65)

(0.42)

Net

asset

value,

end

of

period

..........

$6.84

$6.20

$7.15

$7.15

$8.76

$9.96

Total

return

c

.......................

14.50%

(7.27)%

5.60%

(12.92)%

(5.72)%

(5.80)%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

and

expense

reduction

........

1.60%

1.62%

1.57%

1.57%

1.56%

1.48%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.56%

1.61%

1.54%

1.54%

1.56%

e

1.46%

Expenses

net

of

waiver

and

payments

by

affiliates

and

expense

reduction

........

1.56%

1.61%

1.47%

1.54%

f

1.56%

f

1.44%

Net

investment

income

...............

6.89%

6.65%

5.23%

5.63%

6.21%

3.79%

#### Supplemental

#### data
Net

assets,

end

of

period

(000's)

........

$7,525

$7,988

$13,725

$19,873

$40,591

$113,438

Portfolio

turnover

rate

................

23.04%

29.14%

76.60%

35.05%

23.94%

60.89%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

does

not

reflect

sales

commissions

or

contingent

deferred

sales

charges,

if

applicable,

and

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

e

Benefit

of

waiver

and

payments

by

affiliates

rounds

to

less

than

0.01%.

f

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Global

#### Total

#### Return

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### R

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.21

$7.16

$7.17

$8.78

$9.98

$11.03

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.23 0.47 0.38 0.44 0.61 0.40 Net

realized

and

unrealized

gains

(losses)

0.66 (0.95)

—

c

(1.55)

(1.14)

(1.02)

Total

from

investment

operations

........

0.89 (0.48)

0.38 (1.11)

(0.53)

(0.62)

Less

distributions

from:

Net

investment

income

..............

(0.24)

(0.20)

—

—

—

(0.02)

Tax

return

of

capital

................

—

(0.27)

(0.39)

(0.50)

(0.67)

(0.41)

Total

distributions

...................

(0.24)

(0.47)

(0.39)

(0.50)

(0.67)

(0.43)

Net

asset

value,

end

of

period

..........

$6.86

$6.21

$7.16

$7.17

$8.78

$9.98

Total

return

d

.......................

14.52%

(6.97)%

5.61%

(12.74)%

(5.54)%

(5.65)%

#### Ratios

#### to

#### average

#### net

#### assets

#### e
Expenses

before

waiver

and

payments

by

affiliates

and

expense

reduction

........

1.45%

1.48%

1.41%

1.41%

1.42%

1.32%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.42%

1.46%

1.39%

1.38%

1.41%

1.30%

Expenses

net

of

waiver

and

payments

by

affiliates

and

expense

reduction

........

1.42%

1.46%

1.32%

1.38%

f

1.41%

f

1.28%

Net

investment

income

...............

7.04%

6.81%

5.41%

5.72%

6.44%

3.89%

#### Supplemental

#### data
Net

assets,

end

of

period

(000's)

........

$1,642

$1,776

$2,789

$3,322

$4,823

$7,741

Portfolio

turnover

rate

................

23.04%

29.14%

76.60%

35.05%

23.94%

60.89%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Amount

rounds

to

less

than

$0.01

per

share.

d

Total

return

is

not

annualized

for

periods

less

than

one

year.

e

Ratios

are

annualized

for

periods

less

than

one

year.

f

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Global

#### Total

#### Return

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### R6

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.20

$7.15

$7.16

$8.78

$9.98

$11.03

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.25 0.51 0.43 0.51 0.66 0.47 Net

realized

and

unrealized

gains

(losses)

0.66 (0.94)

—

c

(1.58)

(1.13)

(1.02)

Total

from

investment

operations

........

0.91 (0.43)

0.43 (1.07)

(0.47)

(0.55)

Less

distributions

from:

Net

investment

income

..............

(0.26)

(0.23)

—

—

—

(0.02)

Tax

return

of

capital

................

—

(0.29)

(0.44)

(0.55)

(0.73)

(0.48)

Total

distributions

...................

(0.26)

(0.52)

(0.44)

(0.55)

(0.73)

(0.50)

Net

asset

value,

end

of

period

..........

$6.85

$6.20

$7.15

$7.16

$8.78

$9.98

Total

return

d

.......................

14.96%

(6.38)%

6.31%

(12.27)%

(4.91)%

(5.05)%

#### Ratios

#### to

#### average

#### net

#### assets

#### e
Expenses

before

waiver

and

payments

by

affiliates

and

expense

reduction

........

0.83%

0.89%

0.79%

0.85%

0.79%

0.71%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

0.72%

0.83%

0.74%

0.80%

0.77%

0.69%

Expenses

net

of

waiver

and

payments

by

affiliates

and

expense

reduction

........

0.72%

0.83%

0.67%

0.80%

f

0.77%

f

0.67%

Net

investment

income

...............

7.72%

7.37%

6.05%

6.47%

7.01%

4.57%

#### Supplemental

#### data
Net

assets,

end

of

period

(000's)

........

$13,527

$13,307

$31,027

$47,859

$170,830

$294,519

Portfolio

turnover

rate

................

23.04%

29.14%

76.60%

35.05%

23.94%

60.89%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Amount

rounds

to

less

than

$0.01

per

share.

d

Total

return

is

not

annualized

for

periods

less

than

one

year.

e

Ratios

are

annualized

for

periods

less

than

one

year.

f

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Global

#### Total

#### Return

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Advisor

#### Class

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.22

$7.17

$7.18

$8.79

$10.00

$11.04

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.24 0.50 0.41 0.49 0.65 0.46 Net

realized

and

unrealized

gains

(losses)

0.65 (0.94)

0.01 (1.56)

(1.14)

(1.02)

Total

from

investment

operations

........

0.89 (0.44)

0.42 (1.07)

(0.49)

(0.56)

Less

distributions

from:

Net

investment

income

..............

(0.25)

(0.22)

—

—

—

(0.02)

Tax

return

of

capital

................

—

(0.29)

(0.43)

(0.54)

(0.72)

(0.46)

Total

distributions

...................

(0.25)

(0.51)

(0.43)

(0.54)

(0.72)

(0.48)

Net

asset

value,

end

of

period

..........

$6.86

$6.22

$7.17

$7.18

$8.79

$10.00

Total

return

c

.......................

14.64%

(6.48)%

6.13%

(12.28)%

(5.14)%

(5.07)%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

and

expense

reduction

........

0.95%

0.97%

0.92%

0.92%

0.92%

0.83%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

0.92%

0.96%

0.90%

0.89%

0.91%

0.81%

Expenses

net

of

waiver

and

payments

by

affiliates

and

expense

reduction

........

0.92%

0.96%

0.81%

0.89%

e

0.91%

e

0.78%

Net

investment

income

...............

7.53%

7.30%

5.84%

6.31%

6.84%

4.48%

#### Supplemental

#### data
Net

assets,

end

of

period

(000's)

........

$77,066

$65,619

$120,166

$203,568

$424,413

$1,104,754

Portfolio

turnover

rate

................

23.04%

29.14%

76.60%

35.05%

23.94%

60.89%

#### a
The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

#### b
Based

on

average

daily

shares

outstanding.

#### c
Total

return

is

not

annualized

for

periods

less

than

one

year.

#### d
Ratios

are

annualized

for

periods

less

than

one

year.

#### e
Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Templeton

Income

Trust

Schedule

of

Investments

(unaudited),

June

30,

2025

#### Templeton

#### Global

#### Total

#### Return

#### Fund
franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

a

#### Industry

#### Shares
a

#### Value
a

#### Common

#### Stocks

#### 0.0%

#### South

#### Africa

#### 0.0%
a,b,c

K2016470219

South

Africa

Ltd.,

A

....

Broadline

Retail

434,200,485

$

—

a,b,c

K2016470219

South

Africa

Ltd.,

B

....

Broadline

Retail

50,014,925

—

—

#### Total

#### Common

#### Stocks

#### (Cost

#### $1,645,359)

#### .......................................

#### —

#### Principal

#### Amount

#### \*
a

#### a
a

#### Corporate

#### Bonds

#### 0.0%

#### South

#### Africa

#### 0.0%
a,d,e

K2016470219

South

Africa

Ltd.

,

Senior

Secured

Note,

144A,

3%,

12/31/22

.....................

Broadline

Retail

37,627,701

—

Senior

Secured

Note,

144A,

8%,

12/31/22

.....................

Broadline

Retail

14,528,882

EUR

—

a,d,e

K2016470260

South

Africa

Ltd.

,

Senior

Secured

Note

,

144A,

%

,

12/31/22

.

Broadline

Retail

19,186,470

—

—

#### Total

#### Corporate

#### Bonds

#### (Cost

#### $46,940,535)

#### ......................................

#### —
a

a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### 74.9%

#### Brazil

#### 8.7%
Brazil

Notas

do

Tesouro

Nacional

,

10%,

1/01/31

..................

31,491,000

BRL

5,044,983

10%,

1/01/33

..................

37,316,000

BRL

5,773,135

F,

10%,

1/01/29

................

47,827,000

BRL

8,052,551

18,870,669

#### Colombia

#### 3.2%
Colombia

Titulos

de

Tesoreria

,

B,

7%,

3/26/31

.................

1,771,400,000

COP

351,941

B,

6.25%,

7/09/36

..............

12,066,100,000

COP

1,912,239

B,

9.25%,

5/28/42

..............

24,606,100,000

COP

4,629,661

6,893,841

#### Dominican

#### Republic

#### 3.3%
e

Dominican

Republic

Government

Bond

,

Senior

Bond,

144A,

5.3%,

1/21/41

..

2,370,000

2,049,102

Senior

Bond,

144A,

6.4%,

6/05/49

..

580,000

544,243

Senior

Bond,

144A,

5.875%,

1/30/60

5,340,000

4,495,479

7,088,824

#### Ecuador

#### 3.2%
e

Ecuador

Government

Bond,

Senior

Bond,

144A,

5.5%,

7/31/35

........

9,536,000

6,944,498

#### Egypt

#### 3.1%
Egypt

Government

Bond

,

25.151%,

4/16/27

...............

199,700,000

EGP

4,072,982

e

Senior

Bond,

144A,

8.75%,

9/30/51

.

1,080,000

887,645

e

Senior

Bond,

144A,

7.5%,

2/16/61

..

2,370,000

1,728,314

6,688,941

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Global

#### Total

#### Return

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities
(continued)

#### Ghana

#### 2.4%
f

Ghana

Government

Bond

,

PIK,

8.5%,

2/15/28

..............

2,775,768

GHS

$

204,732

PIK,

8.8%,

2/12/30

..............

12,676,911

GHS

814,190

PIK,

9.1%,

2/10/32

..............

17,848,991

GHS

1,031,133

PIK,

9.25%,

2/08/33

.............

7,292,683

GHS

405,766

PIK,

9.4%,

2/07/34

..............

14,491,093

GHS

774,724

PIK,

9.55%,

2/06/35

.............

5,708,986

GHS

298,603

PIK,

9.7%,

2/05/36

..............

13,786,855

GHS

710,057

PIK,

9.85%,

2/03/37

.............

7,825,754

GHS

399,041

PIK,

10%,

2/02/38

..............

11,336,199

GHS

574,820

5,213,066

#### Greece

#### 1.2%
e

Greece

Government

Bond

,

Senior

Bond,

144A,

Reg

S,

4.25%,

6/15/33

......................

968,000

EUR

1,236,902

Senior

Bond,

144A,

Reg

S,

3.375%,

6/15/34

......................

1,095,000

EUR

1,311,411

2,548,313

#### India

#### 9.7%
India

Government

Bond

,

Senior

Bond,

7.26%,

8/22/32

......

1,047,450,000

INR

12,883,740

Senior

Bond,

7.18%,

8/14/33

......

311,900,000

INR

3,809,923

Senior

Bond,

7.1%,

4/08/34

.......

106,150,000

INR

1,293,183

Senior

Bond,

6.79%,

10/07/34

.....

245,100,000

INR

2,945,590

20,932,436

#### Kazakhstan

#### 4.1%
Kazakhstan

MEOKAM,

15.35%,

11/18/27

.....................

50,500,000

KZT

94,165

Kazakhstan

MEUKAM

,

9%,

7/03/27

...................

473,600,000

KZT

793,593

15.3%,

3/03/29

................

252,400,000

KZT

475,268

10.55%,

7/28/29

................

315,300,000

KZT

516,185

11%,

2/04/30

..................

41,000,000

KZT

67,571

12%,

3/07/30

..................

983,370,000

KZT

1,682,256

12%,

2/22/31

..................

844,030,000

KZT

1,440,394

10.3%,

3/17/31

................

224,900,000

KZT

358,347

14%,

5/12/31

..................

60,600,000

KZT

112,193

Senior

Bond,

5%,

4/18/28

........

494,200,000

KZT

719,587

Senior

Bond,

5.5%,

9/20/28

.......

724,300,000

KZT

1,038,786

Senior

Bond,

7.68%,

8/13/29

......

1,052,000,000

KZT

1,556,921

8,855,266

#### Malaysia

#### 10.4%
Malaysia

Government

Bond

,

3.955%,

9/15/25

................

872,000

MYR

207,480

3.502%,

5/31/27

................

4,190,000

MYR

1,003,407

3.899%,

11/16/27

...............

77,940,000

MYR

18,836,925

3.885%,

8/15/29

................

9,526,000

MYR

2,315,392

22,363,204

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Global

#### Total

#### Return

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities
(continued)

#### Mexico

#### 4.1%
Mexican

Bonos

Desarr

Fixed

Rate

,

M,

8.5%,

3/01/29

...............

44,140,000

MXN

$

2,347,494

M,

8.5%,

2/28/30

...............

36,640,000

MXN

1,940,830

M,

7.75%,

5/29/31

..............

33,600,000

MXN

1,707,370

M,

Senior

Bond,

8.5%,

5/31/29

.....

54,620,000

MXN

2,902,898

8,898,592

#### Norway

#### 4.5%
e

Norway

Government

Bond

,

Senior

Bond,

144A,

Reg

S,

1.5%,

2/19/26

......................

75,260,000

NOK

7,358,223

Senior

Bond,

144A,

Reg

S,

1.75%,

2/17/27

......................

23,754,000

NOK

2,291,961

9,650,184

#### Panama

#### 3.1%
Panama

Government

Bond

,

Senior

Bond,

6.4%,

2/14/35

.......

1,110,000

1,083,398

Senior

Bond,

6.7%,

1/26/36

.......

4,850,000

4,834,902

Senior

Bond,

6.875%,

1/31/36

.....

665,000

662,842

6,581,142

#### South

#### Africa

#### 6.3%
South

Africa

Government

Bond

,

Senior

Bond,

8.875%,

2/28/35

.....

35,410,000

ZAR

1,872,568

Senior

Bond,

8.5%,

1/31/37

.......

82,266,000

ZAR

4,050,910

Senior

Bond,

9%,

1/31/40

........

109,760,000

ZAR

5,368,436

Senior

Bond,

8.75%,

1/31/44

......

47,576,700

ZAR

2,186,306

13,478,220

#### Spain

#### 3.5%
e

Spain

Government

Bond

,

Senior

Bond,

144A,

Reg

S,

3.55%,

10/31/33

.....................

3,169,000

EUR

3,886,494

Senior

Bond,

144A,

Reg

S,

3.15%,

4/30/35

......................

3,200,000

EUR

3,764,380

7,650,874

#### Supranational

#### 4.1%
g

Asian

Development

Bank,

Senior

Note,

10.1%,

1/23/26

................

27,861,000,000

COP

6,826,380

e,g,h

European

Investment

Bank,

Senior

Note,

144A,

6.5%,

5/02/32

........

183,000,000

INR

2,113,537

8,939,917

#### Total

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### (Cost

#### $161,583,404)

#### ............

#### 161,597,987

#### U.S.

#### Government

#### and

#### Agency

#### Securities

#### 2.4%

#### United

#### States

#### 2.4%
U.S.

Treasury

Bonds,

3.375%,

8/15/42

6,120,000

5,138,648

#### Total

#### U.S.

#### Government

#### and

#### Agency

#### Securities

#### (Cost

#### $5,553,514)

#### ..................

#### 5,138,648
Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Global

#### Total

#### Return

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

a

#### Industry

#### Shares
a

#### Value
a

a

#### a
a

#### Escrows

#### and

#### Litigation

#### Trusts

#### 0.0%

#### †
a,b

K2016470219

South

Africa

Ltd.,

Escrow

Account

......................

2,168,033

$

32,286

#### Total

#### Escrows

#### and

#### Litigation

#### Trusts

#### (Cost

#### $–)

#### ...................................

#### 32,286

#### Total

#### Long

#### Term

#### Investments

#### (Cost

#### $215,722,812)

#### ...............................

#### 166,768,921

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### #

#### a

#### aa

#### Options

#### Purchased

#### 0.4%

#### Calls

#### -

#### Over-the-Counter

#### Currency

#### Options
Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

October

Strike

Price

154.35 JPY,

Expires

10/03/25

.

52,415,000

68,025

68,025

#### Puts

#### -

#### Over-the-Counter

#### Currency

#### Options
Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

September

Strike

Price

128.00 JPY,

Expires

9/11/25

......................

10,853,000

11,120

Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

October

Strike

Price

137.50 JPY,

Expires

10/03/25

.

22,070,000

200,491

Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

September

Strike

Price

140.25 JPY,

Expires

9/08/25

......................

46,222,000

504,389

716,000

#### Total

#### Options

#### Purchased

#### (Cost

#### $1,444,877)

#### .....................................

#### 784,025

#### Short

#### Term

#### Investments

#### 18.6%
a

#### a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### 2.4%

#### Egypt

#### 2.4%
i

Egypt

Treasury

Bills

,

27.41%,

9/09/25

................

108,225,000

EGP

2,070,068

27.49%,

9/23/25

................

18,000,000

EGP

340,783

27.16%,

12/16/25

...............

35,050,000

EGP

626,744

26.44%,

3/10/26

................

59,850,000

EGP

1,017,578

26.3%,

3/24/26

................

61,500,000

EGP

1,037,546

5,092,719

#### Total

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### (Cost

#### $5,039,304)

#### ...............

#### 5,092,719
Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Global

#### Total

#### Return

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

#### Short

#### Term

#### Investments
(continued)

a

a

#### Industry

#### Shares
a

#### Value
a

a

#### a
a

#### Money

#### Market

#### Funds

#### 16.2%

#### United

#### States

#### 16.2%
j,k

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.332%

.........

34,979,492

$

34,979,492

#### Total

#### Money

#### Market

#### Funds

#### (Cost

#### $34,979,492)

#### ..................................

#### 34,979,492
a

#### a
a

a

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $40,018,796

####)
................................

#### 40,072,211
a

#### a

#### Total

#### Investments

#### (Cost

#### $257,186,485)

#### 96.3%

#### ...................................

#### $207,625,157

#### Options

#### Written

#### (0.2)%

#### .......................................................

#### (448,813)

#### Other

#### Assets,

#### less

#### Liabilities

#### 3.9%

#### .............................................

#### 8,627,759

#### Net

#### Assets

#### 100.0%

#### ...........................................................

#### $215,804,103

#### a
a

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### #
l

#### Options

#### Written

#### (0.2)%
a

#### Calls

#### -

#### Over-the-Counter
a

#### Currency

#### Options
Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

October

Strike

Price

146.80 JPY,

Expires

10/03/25

.

26,207,000

(224,089)

(224,089)

#### Puts

#### -

#### Over-the-Counter

#### Currency

#### Options
Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

October

Strike

Price

127.90 JPY,

Expires

10/03/25

.

22,070,000

(37,411)

Foreign

Exchange

USD/JPY,

Counterparty

MSCO,

September

Strike

Price

136.20 JPY,

Expires

9/08/25

......................

38,518,000

(187,313)

(224,724)

#### Total

#### Options

#### Written

#### (Premiums

#### received

#### $894,391)

#### ............................

#### $

#### (448,813)
#

Notional

amount

is

the

number

of

contracts

multiplied

by

contract

size,

and

may

be

multiplied

by

the

underlying

price.

May

include

currency

units,

bushels,

shares,

pounds,

barrels

or

other

units.

Currency

units

are

stated

in

U.S.

dollars

unless

otherwise

indicated.

\*

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

regarding

fair

value

measurements.

b

Non-income

producing.

c

See

Note

regarding

restricted

securities.

d

Defaulted

security

or

security

for

which

income

has

been

deemed

uncollectible.

See

Note

6. 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

June

30,

2025,

the

aggregate

value

of

these

securities

was

$38,612,189,

representing

17.9%

of

net

assets.

f

Income

may

be

received

in

additional

securities

and/or

cash.

g

A

supranational

organization

is

an

entity

formed

by

two

or

more

central

governments

through

international

treaties.

h

A

portion

or

all

of

the

security

purchased

on

a

delayed

delivery

basis.

See

Note

1(c).

i

The

rate

shown

represents

the

yield

at

period

end.

j

See

Note

3(f)

regarding

investments

in

affiliated

management

investment

companies.

k

The

rate

shown

is

the

annualized

seven-day

effective

yield

at

period

end.

l

See

Note

1(d)

regarding

written

options.

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Global

#### Total

#### Return

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

At

June

30,

2025,

the

Fund

had

the

following

forward

exchange

contracts

outstanding.

See

Note

1(d).

#### Forward

#### Exchange

#### Contracts

#### Currency

#### Counter-

#### party

#### a

#### Type

#### Quantity

#### Contract

#### Amount

#### \*

#### Settlement

#### Date

#### Unrealized

#### Appreciation

#### Unrealized

#### Depreciation

#### a

#### OTC

#### Forward

#### Exchange

#### Contracts
Euro

.............

BNDP

Sell

791,000

814,801

7/15/25

$

—

$

(117,804)

Euro

.............

BOFA

Sell

712,467

734,500

7/15/25

—

(105,514)

Euro

.............

BZWS

Sell

833,533

862,590

7/16/25

—

(120,237)

Euro

.............

JPHQ

Sell

833,000

861,189

7/16/25

—

(121,009)

Japanese

Yen

......

BNDP

Buy

706,082,800

4,575,244

7/16/25

336,104

—

Japanese

Yen

......

BNDP

Sell

706,082,800

4,837,376

7/16/25

—

(73,972)

Japanese

Yen

......

DBAB

Buy

459,924,060

3,001,406

7/17/25

198,125

—

Japanese

Yen

......

DBAB

Sell

459,924,060

3,203,279

7/17/25

25,503

(21,754)

Brazilian

Real

......

JPHQ

Buy

17,958,719

3,094,357

8/04/25

183,124

—

Japanese

Yen

......

MSCO

Buy

722,966,000

4,838,515

8/13/25

207,041

—

Japanese

Yen

......

MSCO

Sell

547,476,000

3,875,103

8/13/25

54,286

—

Chinese

Yuan

......

DBAB

Sell

41,005,749

5,729,941

8/18/25

—

(20,346)

Chinese

Yuan

......

JPHQ

Sell

83,550,000

11,675,680

8/18/25

—

(40,639)

Chinese

Yuan

......

CITI

Sell

22,629,271

3,137,246

8/21/25

—

(36,819)

Chinese

Yuan

......

DBAB

Sell

47,243,542

6,549,232

8/21/25

—

(77,322)

Chinese

Yuan

......

JPHQ

Sell

62,318,150

8,639,939

8/21/25

—

(101,036)

Australian

Dollar

....

JPHQ

Buy

26,966,000

17,245,485

8/25/25

522,369

—

Mexican

Peso

......

BNDP

Buy

59,812,208

3,061,092

8/27/25

107,172

—

Mexican

Peso

......

HSBK

Buy

125,270,542

6,413,441

8/27/25

222,164

—

Japanese

Yen

......

MSCO

Buy

2,206,431,000

15,392,130

9/10/25

53,724

—

Mexican

Peso

......

BNDP

Buy

21,736,436

1,120,319

9/10/25

29,342

—

Mexican

Peso

......

HSBK

Buy

73,593,000

3,792,085

9/10/25

100,319

—

South

Korean

Won

..

DBAB

Buy

28,961,490,000

20,066,856

9/17/25

1,442,147

—

Australian

Dollar

....

DBAB

Buy

2,173,000

1,369,762

9/22/25

62,879

—

Australian

Dollar

....

MSCO

Buy

5,930,000

3,874,128

9/22/25

35,470

—

Euro

.............

JPHQ

Sell

5,651,604

6,594,857

9/29/25

—

(102,402)

Japanese

Yen

......

MSCO

Buy

2,405,284,000

16,856,290

10/07/25

50,461

(18,548)

Chinese

Yuan

......

DBAB

Sell

44,370,000

6,167,554

10/09/25

—

(81,111)

Norwegian

Krone

...

MSCO

Buy

9,256,000

848,450

10/10/25

70,412

—

Euro

.............

DBAB

Sell

719,232

8,520,000

NOK

11/12/25

—

(8,750)

Chinese

Yuan

......

CITI

Sell

22,517,028

3,166,952

11/17/25

—

(12,820)

Chinese

Yuan

......

HSBK

Sell

7,593,703

1,070,712

12/17/25

—

(3,894)

Total

Forward

Exchange

Contracts

...................................................

$3,700,642

$(1,063,977)

Net

unrealized

appreciation

(depreciation)

............................................

$2,636,665

\*

In

U.S.

dollars

unless

otherwise

indicated.

a

May

be

comprised

of

multiple

contracts

with

the

same

counterparty,

currency

and

settlement

date.

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Global

#### Total

#### Return

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

At

June

30,

2025,

the

Fund

had

the

following

interest

rate

swap

contracts

outstanding.

See

Note

(d).

#### Interest

#### Rate

#### Swap

#### Contracts

#### Description

#### Payment

#### Frequency

#### Maturity

#### Date

#### Notional

#### Amount

#### \*

#### Value

#### Upfront

#### Payments
(Receipts)

#### Unrealized

#### Appreciation
(Depreciation)

aa

#### aa

#### Centrally

#### Cleared

#### Swap

#### Contracts
Receive

Fixed

11.38%

..

At

Maturity

Pay

Floating

1-day

BRL

CDI

..............

At

Maturity

1/04/27

15,347,053

BRL

$

(136,812)

$

—

$

(136,812)

Receive

Fixed

14.768%

At

Maturity

Pay

Floating

1-day

BRL

CDI

..............

At

Maturity

1/04/27

259,524

BRL

544

—

544

Receive

Fixed

3.285%

.

Annual

Pay

Floating

1-day

SOFR

............

Annual

5/03/33

4,920,000

(105,687)

—

(105,687)

Total

Interest

Rate

Swap

Contracts

.................................

$(241,955)

$

—

$(241,955)

\*

In

U.S.

dollars

unless

otherwise

indicated.

See

Note

regarding

other

derivative

information.

See

Abbreviations

on

.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### International

#### Bond

#### Fund
franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### A

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.00

$7.22

$7.33

$8.17

$9.01

$9.77

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.20 0.38 0.28 0.28 0.23 0.20 Net

realized

and

unrealized

gains

(losses)

0.64 (1.20)

(0.10)

(0.76)

(0.82)

(0.75)

Total

from

investment

operations

........

0.84 (0.82)

0.18 (0.48)

(0.59)

(0.55)

Less

distributions

from:

Net

investment

income

..............

(0.21)

(0.18)

—

—

—

(—)

c

Tax

return

of

capital

................

—

(0.22)

(0.29)

(0.36)

(0.25)

(0.21)

Total

distributions

...................

(0.21)

(0.40)

(0.29)

(0.36)

(0.25)

(0.21)

Net

asset

value,

end

of

period

..........

$6.63

$6.00

$7.22

$7.33

$8.17

$9.01

Total

return

d

.......................

14.10%

(11.70)%

2.80%

(5.90)%

(6.65)%

(5.66)%

#### Ratios

#### to

#### average

#### net

#### assets

#### e
Expenses

before

waiver

and

payments

by

affiliates

and

expense

reduction

........

2.15%

2.29%

1.65%

1.73%

1.37%

1.21%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

0.99%

0.99%

0.84%

1.04%

0.99%

1.00%

Expenses

net

of

waiver

and

payments

by

affiliates

and

expense

reduction

........

0.99%

0.99%

0.81%

1.04%

f

0.99%

f

0.99%

Net

investment

income

...............

6.53%

5.76%

3.91%

3.64%

2.69%

2.12%

#### Supplemental

#### data
Net

assets,

end

of

period

(000's)

........

$10,340

$9,669

$11,678

$13,703

$17,129

$22,455

Portfolio

turnover

rate

................

18.08%

38.96%

90.98%

9.13%

60.68%

86.26%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Amount

rounds

to

less

than

$0.01

per

share.

d

Total

return

does

not

reflect

sales

commissions

or

contingent

deferred

sales

charges,

if

applicable,

and

is

not

annualized

for

periods

less

than

one

year.

e

Ratios

are

annualized

for

periods

less

than

one

year.

f

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### International

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### C

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.02

$7.24

$7.35

$8.19

$9.02

$9.78

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.19 0.35 0.25 0.25 0.19 0.16 Net

realized

and

unrealized

gains

(losses)

0.64 (1.20)

(0.10)

(0.76)

(0.81)

(0.75)

Total

from

investment

operations

........

0.83 (0.85)

0.15 (0.51)

(0.62)

(0.59)

Less

distributions

from:

Net

investment

income

..............

(0.20)

(0.17)

—

—

—

(—)

c

Tax

return

of

capital

................

—

(0.20)

(0.26)

(0.33)

(0.21)

(0.17)

Total

distributions

...................

(0.20)

(0.37)

(0.26)

(0.33)

(0.21)

(0.17)

Net

asset

value,

end

of

period

..........

$6.65

$6.02

$7.24

$7.35

$8.19

$9.02

Total

return

d

.......................

13.82%

(12.04)%

2.37%

(6.30)%

(6.96)%

(6.03)%

#### Ratios

#### to

#### average

#### net

#### assets

#### e
Expenses

before

waiver

and

payments

by

affiliates

and

expense

reduction

........

2.55%

2.65%

2.05%

2.16%

1.71%

1.61%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.39%

1.39%

1.24%

1.43%

1.39%

1.40%

Expenses

net

of

waiver

and

payments

by

affiliates

and

expense

reduction

........

1.39%

1.39%

1.21%

1.43%

f

1.39%

f

1.39%

Net

investment

income

...............

6.13%

5.28%

3.49%

3.28%

2.22%

1.70%

#### Supplemental

#### data
Net

assets,

end

of

period

(000's)

........

$491

$433

$662

$842

$1,365

$3,541

Portfolio

turnover

rate

................

18.08%

38.96%

90.98%

9.13%

60.68%

86.26%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Amount

rounds

to

less

than

$0.01

per

share.

d

Total

return

does

not

reflect

sales

commissions

or

contingent

deferred

sales

charges,

if

applicable,

and

is

not

annualized

for

periods

less

than

one

year.

e

Ratios

are

annualized

for

periods

less

than

one

year.

f

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### International

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### R

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.00

$7.22

$7.33

$8.17

$9.01

$9.76

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.20 0.37 0.25 0.25 0.21 0.17 Net

realized

and

unrealized

gains

(losses)

0.64 (1.21)

(0.08)

(0.75)

(0.82)

(0.73)

Total

from

investment

operations

........

0.84 (0.84)

0.17 (0.50)

(0.61)

(0.56)

Less

distributions

from:

Net

investment

income

..............

(0.21)

(0.17)

—

—

—

(—)

c

Tax

return

of

capital

................

—

(0.21)

(0.28)

(0.34)

(0.23)

(0.19)

Total

distributions

...................

(0.21)

(0.38)

(0.28)

(0.34)

(0.23)

(0.19)

Net

asset

value,

end

of

period

..........

$6.63

$6.00

$7.22

$7.33

$8.17

$9.01

Total

return

d

.......................

13.98%

(11.93)%

2.41%

(6.12)%

(6.90)%

(5.83)%

#### Ratios

#### to

#### average

#### net

#### assets

#### e
Expenses

before

waiver

and

payments

by

affiliates

and

expense

reduction

........

2.41%

2.58%

1.87%

1.94%

1.63%

1.46%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.24%

1.24%

1.09%

1.29%

1.24%

1.25%

Expenses

net

of

waiver

and

payments

by

affiliates

and

expense

reduction

........

1.24%

1.24%

1.06%

1.29%

f

1.24%

f

1.24%

Net

investment

income

...............

6.28%

5.59%

3.53%

3.35%

2.41%

1.82%

#### Supplemental

#### data
Net

assets,

end

of

period

(000's)

........

$71

$58

$52

$117

$107

$138

Portfolio

turnover

rate

................

18.08%

38.96%

90.98%

9.13%

60.68%

86.26%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Amount

rounds

to

less

than

$0.01

per

share.

d

Total

return

is

not

annualized

for

periods

less

than

one

year.

e

Ratios

are

annualized

for

periods

less

than

one

year.

f

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### International

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### R6

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$5.98

$7.20

$7.32

$8.17

$9.01

$9.77

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.22 0.41 0.29 0.31 0.22 0.19 Net

realized

and

unrealized

gains

(losses)

0.64 (1.20)

(0.08)

(0.77)

(0.78)

(0.70)

Total

from

investment

operations

........

0.86 (0.79)

0.21 (0.46)

(0.56)

(0.51)

Less

distributions

from:

Net

investment

income

..............

(0.23)

(0.20)

—

—

—

(—)

c

Tax

return

of

capital

................

—

(0.23)

(0.33)

(0.39)

(0.28)

(0.25)

Total

distributions

...................

(0.23)

(0.43)

(0.33)

(0.39)

(0.28)

(0.25)

Net

asset

value,

end

of

period

..........

$6.61

$5.98

$7.20

$7.32

$8.17

$9.01

Total

return

d

.......................

14.36%

(11.38)%

2.97%

(5.44)%

(6.29)%

(5.29)%

#### Ratios

#### to

#### average

#### net

#### assets

#### e
Expenses

before

waiver

and

payments

by

affiliates

and

expense

reduction

........

1.71%

1.84%

1.49%

1.43%

0.94%

0.80%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

0.60%

0.60%

0.63%

0.64%

0.60%

0.61%

Expenses

net

of

waiver

and

payments

by

affiliates

and

expense

reduction

........

0.60%

0.60%

0.60%

0.64%

f

0.60%

f

0.60%

Net

investment

income

...............

6.98%

6.11%

4.11%

4.06%

2.55%

2.14%

#### Supplemental

#### data
Net

assets,

end

of

period

(000's)

........

$3,420

$3,327

$4,782

$5,809

$8,242

$47,663

Portfolio

turnover

rate

................

18.08%

38.96%

90.98%

9.13%

60.68%

86.26%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Amount

rounds

to

less

than

$0.01

per

share.

d

Total

return

is

not

annualized

for

periods

less

than

one

year.

e

Ratios

are

annualized

for

periods

less

than

one

year.

f

Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### International

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Advisor

#### Class

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$6.00

$7.23

$7.33

$8.17

$9.02

$9.78

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.21 0.40 0.29 0.30 0.25 0.21 Net

realized

and

unrealized

gains

(losses)

0.64 (1.21)

(0.08)

(0.76)

(0.83)

(0.73)

Total

from

investment

operations

........

0.85 (0.81)

0.21 (0.46)

(0.58)

(0.52)

Less

distributions

from:

Net

investment

income

..............

(0.22)

(0.19)

—

—

—

(—)

c

Tax

return

of

capital

................

—

(0.23)

(0.31)

(0.38)

(0.27)

(0.24)

Total

distributions

...................

(0.22)

(0.42)

(0.31)

(0.38)

(0.27)

(0.24)

Net

asset

value,

end

of

period

..........

$6.63

$6.00

$7.23

$7.33

$8.17

$9.02

Total

return

d

.......................

14.23%

(11.48)%

3.05%

(5.68)%

(6.52)%

(5.41)%

#### Ratios

#### to

#### average

#### net

#### assets

#### e
Expenses

before

waiver

and

payments

by

affiliates

and

expense

reduction

........

1.89%

1.97%

1.40%

1.50%

0.99%

0.96%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

0.74%

0.74%

0.59%

0.78%

0.74%

0.75%

Expenses

net

of

waiver

and

payments

by

affiliates

and

expense

reduction

........

0.74%

0.74%

0.56%

0.78%

f

0.74%

f

0.74%

Net

investment

income

...............

6.77%

5.87%

4.10%

3.95%

2.88%

2.30%

#### Supplemental

#### data
Net

assets,

end

of

period

(000's)

........

$5,569

$5,894

$11,873

$16,520

$24,744

$284,611

Portfolio

turnover

rate

................

18.08%

38.96%

90.98%

9.13%

60.68%

86.26%

#### a
The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

#### b
Based

on

average

daily

shares

outstanding.

#### c
Amount

rounds

to

less

than

$0.01

per

share.

#### d
Total

return

is

not

annualized

for

periods

less

than

one

year.

#### e
Ratios

are

annualized

for

periods

less

than

one

year.

#### f
Benefit

of

expense

reduction

rounds

to

less

than

0.01%.

Templeton

Income

Trust

Schedule

of

Investments

(unaudited),

June

30,

2025

#### Templeton

#### International

#### Bond

#### Fund
franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### 76.6%

#### Australia

#### 9.6%
New

South

Wales

Treasury

Corp.

,

Senior

Bond

,

%

,

3/08/33

........

815,000

AUD

$

450,532

a

Senior

Bond

,

Reg

S,

1.75 %

,

3/20/34

231,000

AUD

120,185

Queensland

Treasury

Corp.

,

Senior

Bond

,

%

,

8/22/33

........

170,000

AUD

92,135

a

Senior

Bond

,

144A,

Reg

S,

1.75 %

,

7/20/34

......................

841,000

AUD

429,613

Treasury

Corp.

of

Victoria

,

Senior

Bond

,

2.25 %

,

11/20/34

.....

277,000

AUD

146,848

Senior

Bond

,

%

,

11/20/37

........

1,447,000

AUD

671,183

1,910,496

#### Brazil

#### 10.9%
Brazil

Notas

do

Tesouro

Nacional

,

%

,

1/01/27

..................

4,888,000

BRL

854,050

%

,

1/01/31

..................

3,770,000

BRL

603,969

%

,

1/01/33

..................

1,835,000

BRL

283,892

F

,

%

,

1/01/29

................

2,480,000

BRL

417,553

2,159,464

#### Colombia

#### 6.8%
Colombia

Titulos

de

Tesoreria

,

B

,

7.5 %

,

8/26/26

...............

1,389,200,000

COP

333,713

B

,

%

,

4/28/28

.................

81,000,000

COP

17,863

B

,

7.75 %

,

9/18/30

..............

399,000,000

COP

84,516

B

,

%

,

3/26/31

.................

142,000,000

COP

28,213

B

,

%

,

6/30/32

.................

670,000,000

COP

126,005

B

,

13.25 %

,

2/09/33

.............

357,000,000

COP

91,637

B

,

7.25 %

,

10/18/34

.............

608,000,000

COP

108,971

B

,

6.25 %

,

7/09/36

..............

290,000,000

COP

45,959

B

,

9.25 %

,

5/28/42

..............

2,694,800,000

COP

507,029

1,343,906

#### Egypt

#### 2.1%
a

Egypt

Government

Bond

,

Senior

Bond

,

144A,

8.875 %

,

5/29/50

200,000

166,839

Senior

Bond

,

144A,

8.75 %

,

9/30/51

.

300,000

246,568

413,407

#### Ghana

#### 1.7%
b

Ghana

Government

Bond

,

PIK,

8.35 %

,

2/16/27

.............

2,148

GHS

PIK,

8.5 %

,

2/15/28

..............

697,336

GHS

51,433

PIK,

8.65 %

,

2/13/29

.............

481,425

GHS

32,874

PIK,

8.8 %

,

2/12/30

..............

827,731

GHS

53,162

PIK,

8.95 %

,

2/11/31

.............

35,601

GHS

2,152

PIK,

9.1 %

,

2/10/32

..............

719,990

GHS

41,594

PIK,

9.25 %

,

2/08/33

.............

588,719

GHS

32,756

PIK,

9.4 %

,

2/07/34

..............

659,641

GHS

35,266

PIK,

9.55 %

,

2/06/35

.............

440,612

GHS

23,046

PIK,

9.7 %

,

2/05/36

..............

614,476

GHS

31,647

PIK,

9.85 %

,

2/03/37

.............

348,589

GHS

17,775

PIK,

%

,

2/02/38

..............

496,413

GHS

25,171

347,052

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### International

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities
(continued)

#### India

#### 4.5%
India

Government

Bond

,

Senior

Bond

,

7.26 %

,

8/22/32

......

18,000,000

INR

$

221,402

Senior

Bond

,

7.18 %

,

8/14/33

......

29,000,000

INR

354,241

Senior

Note

,

7.1 %

,

4/18/29

.......

27,000,000

INR

326,314

901,957

#### Malaysia

#### 5.8%
Malaysia

Government

Bond

,

3.899 %

,

11/16/27

...............

3,040,000

MYR

734,722

3.582 %

,

7/15/32

................

1,770,000

MYR

425,324

1,160,046

#### Mexico

#### 4.5%
Mexican

Bonos

Desarr

Fixed

Rate

,

M

,

8.5 %

,

3/01/29

...............

3,380,000

MXN

179,758

M

,

8.5 %

,

2/28/30

...............

1,680,000

MXN

88,990

M

,

7.75 %

,

5/29/31

..............

7,690,000

MXN

390,764

M

,

Senior

Bond

,

8.5 %

,

5/31/29

.....

4,410,000

MXN

234,379

893,891

#### Norway

#### 0.2%
a

Norway

Government

Bond

,

Senior

Bond

,

144A,

Reg

S,

1.75 %

,

2/17/27

.

458,000

NOK

44,191

#### Panama

#### 3.8%
Panama

Government

Bond

,

Senior

Bond

,

6.4 %

,

2/14/35

.......

380,000

370,893

Senior

Bond

,

6.875 %

,

1/31/36

.....

390,000

388,734

759,627

#### Serbia

#### 0.5%
Serbia

Treasury

Bonds

,

4.5 %

,

8/20/32

.

9,330,000

RSD

91,363

#### South

#### Africa

#### 7.1%
South

Africa

Government

Bond

,

Senior

Bond

,

8.875 %

,

2/28/35

.....

6,040,000

ZAR

319,410

Senior

Bond

,

8.5 %

,

1/31/37

.......

7,558,000

ZAR

372,168

Senior

Bond

,

%

,

1/31/40

........

9,840,000

ZAR

481,281

Senior

Bond

,

8.75 %

,

1/31/44

......

5,120,900

ZAR

235,323

1,408,182

#### South

#### Korea

#### 4.3%
Korea

Treasury

Bonds

,

1.875 %

,

6/10/26

1,163,820,000

KRW

859,019

#### Spain

#### 4.3%
a

Spain

Government

Bond

,

Senior

Bond

,

144A,

Reg

S,

3.15 %

,

4/30/35

......

720,000

EUR

846,985

#### Supranational

#### 7.3%
c

Inter-American

Development

Bank

,

Senior

Note

,

7.35 %

,

10/06/30

......

5,000,000

INR

60,192

c

International

Bank

for

Reconstruction

&

Development

,

Senior

Bond

,

7.07 %

,

6/26/29

......

4,700,000

MXN

247,038

Senior

Note

,

7.05 %

,

7/22/29

......

15,000,000

INR

178,483

Senior

Note

,

6.5 %

,

4/17/30

.......

58,000,000

INR

675,124

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### International

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities
(continued)

#### Supranational
(continued)

c

International

Finance

Corp.

,

a

Senior

Bond

,

Reg

S,

8.375 %

,

5/31/29

3,600,000

MXN

$

192,254

Senior

Bond

,

7.75 %

,

1/18/30

......

2,100,000

MXN

109,720

1,462,811

#### Uruguay

#### 3.2%
d

Uruguay

Government

Bond

,

Index

Linked,

Senior

Bond

,

3.875 %

,

7/02/40

23,774,664

UYU

632,777

#### Total

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### (Cost

#### $

#### 15,424,735

####)
..............

#### 15,235,174

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### #

#### a

#### aa

#### Options

#### Purchased

#### 0.4%

#### Calls

#### -

#### Over-the-Counter

#### Currency

#### Options
Foreign

Exchange

USD/JPY

,

Counterparty

MSCO

,

October

Strike

Price

154.35 JPY

,

Expires

10/03/25

.

5,418,000

7,031

7,031

#### Puts

#### -

#### Over-the-Counter

#### Currency

#### Options
Foreign

Exchange

USD/JPY

,

Counterparty

MSCO

,

September

Strike

Price

128.00 JPY

,

Expires

9/11/25

......................

1,122,000

1,150

Foreign

Exchange

USD/JPY

,

Counterparty

MSCO

,

October

Strike

Price

137.50 JPY

,

Expires

10/03/25

.

2,282,000

20,730

Foreign

Exchange

USD/JPY

,

Counterparty

MSCO

,

September

Strike

Price

140.25 JPY

,

Expires

9/08/25

......................

4,780,000

52,161

74,041

#### Total

#### Options

#### Purchased

#### (Cost

#### $

#### 149,397

####)
......................................

#### 81,072

#### Short

#### Term

#### Investments

#### 20.5%
a

#### a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### 7.2%

#### Egypt

#### 5.9%
e

Egypt

Treasury

Bills

,

.98

%

,

7/08/25

................

10,075,000

EGP

202,451

.22

%

,

12/02/25

...............

53,700,000

EGP

969,078

1,171,529

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### International

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

#### Short

#### Term

#### Investments
(continued)

a

#### a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities
(continued)

#### Japan

#### 1.3%
e

Japan

Treasury

Bills

,

.41

%

,

8/20/25

..

39,100,000

$

271,361

#### Total

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### (Cost

#### $

#### 1,422,055

####)
...............

#### 1,442,890

#### Shares

#### Money

#### Market

#### Funds

#### 13.3%

#### United

#### States

#### 13.3%
f,g

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio

,

4.332 %

.........

2,637,144

2,637,144

#### Total

#### Money

#### Market

#### Funds

#### (Cost

#### $

#### 2,637,144

####)
...................................

#### 2,637,144
a

#### a
a

a

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $

#### 4,059,199

####)
.................................

#### 4,080,034
a

#### a

#### Total

#### Investments

#### (Cost

#### $

#### 19,633,331

####)
97.5 #### %
....................................

#### $19,396,280

#### Options

#### Written

#### (0.2 ####)

#### %
.......................................................

#### (46,401)

#### Other

#### Assets,

#### less

#### Liabilities
2.7 #### %
.............................................

#### 540,694

#### Net

#### Assets

#### 100.0%

#### ...........................................................

#### $19,890,573

#### a
a

#### Number

#### of

#### Contracts

#### Notional

#### Amount

#### #
h

#### Options

#### Written

#### (0.2)%
a

#### Calls

#### -

#### Over-the-Counter
a

#### Currency

#### Options
Foreign

Exchange

USD/JPY

,

Counterparty

MSCO

,

October

Strike

Price

146.80 JPY

,

Expires

10/03/25

.

2,709,000

(23,164)

(23,164)

#### Puts

#### -

#### Over-the-Counter

#### Currency

#### Options
Foreign

Exchange

USD/JPY

,

Counterparty

MSCO

,

October

Strike

Price

127.90 JPY

,

Expires

10/03/25

.

2,282,000

(3,868)

Foreign

Exchange

USD/JPY

,

Counterparty

MSCO

,

September

Strike

Price

136.20 JPY

,

Expires

9/08/25

......................

3,983,000

(19,369)

(23,237)

#### Total

#### Options

#### Written

#### (Premiums

#### received

#### $

#### 92,467

####)
.............................

#### $

#### (#### 46,401

####)
Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### International

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

At

June

30,

2025,

the

Fund

had

the

following

forward

exchange

contracts

outstanding.

See

Note

1(d).

#

Notional

amount

is

the

number

of

contracts

multiplied

by

contract

size,

and

may

be

multiplied

by

the

underlying

price.

May

include

currency

units,

bushels,

shares,

pounds,

barrels

or

other

units.

Currency

units

are

stated

in

U.S.

dollars

unless

otherwise

indicated.

\*

The

principal

amount

is

stated

in

U.S.

dollars

unless

otherwise

indicated.

a

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

June

30,

2025,

the

aggregate

value

of

these

securities

was

$2,046,635,

representing

10.3%

of

net

assets.

b

Income

may

be

received

in

additional

securities

and/or

cash.

c

A

supranational

organization

is

an

entity

formed

by

two

or

more

central

governments

through

international

treaties.

d

Principal

amount

of

security,

redemption

price

at

maturity,

and/or

coupon

payments

are

adjusted

for

inflation.

See

Note

1(g).

e

The

rate

shown

represents

the

yield

at

period

end.

f

See

Note

3(f)

regarding

investments

in

affiliated

management

investment

companies.

g

The

rate

shown

is

the

annualized

seven-day

effective

yield

at

period

end.

h

See

Note

1(d)

regarding

written

options.

#### Forward

#### Exchange

#### Contracts

#### Currency

#### Counter-

#### party

#### a

#### Type

#### Quantity

#### Contract

#### Amount

#### \*

#### Settlement

#### Date

#### Unrealized

#### Appreciation

#### Unrealized

#### Depreciation

#### a

#### OTC

#### Forward

#### Exchange

#### Contracts
Euro

.............

BNDP

Buy

275,000

290,976

7/15/25

$

33,255

$

—

Euro

.............

BNDP

Sell

275,000

283,275

7/15/25

—

(40,956)

Euro

.............

BOFA

Buy

199,702

216,398

7/15/25

19,055

—

Euro

.............

BOFA

Sell

247,072

254,713

7/15/25

—

(36,590)

Euro

.............

BZWS

Buy

104,541

116,867

7/16/25

6,399

—

Euro

.............

BZWS

Sell

288,928

299,000

7/16/25

—

(41,678)

Euro

.............

JPHQ

Buy

504,800

534,114

7/16/25

61,101

—

Euro

.............

JPHQ

Sell

909,000

947,902

7/16/25

—

(123,908)

Japanese

Yen

......

BNDP

Buy

19,725,120

127,814

7/16/25

9,389

—

Japanese

Yen

......

BNDP

Sell

19,725,120

135,137

7/16/25

—

(2,066)

Japanese

Yen

......

BOFA

Buy

49,313,600

321,946

7/17/25

21,111

—

Japanese

Yen

......

BOFA

Sell

49,313,600

328,770

7/17/25

—

(14,287)

Japanese

Yen

......

GSCO

Buy

243,500,000

1,589,503

7/17/25

104,441

—

Japanese

Yen

......

GSCO

Sell

119,260,000

820,707

7/17/25

1,860

(10,803)

Serbian

Dinar

......

DBAB

Buy

5,356,807

51,718

7/17/25

2,149

—

Chilean

Peso

......

HSBK

Buy

86,800,000

86,422

7/23/25

6,749

—

Serbian

Dinar

......

DBAB

Buy

11,876,000

115,532

8/05/25

3,888

—

Chinese

Yuan

......

DBAB

Sell

3,598,042

502,773

8/18/25

—

(1,785)

Chinese

Yuan

......

CITI

Sell

1,985,602

275,277

8/21/25

—

(3,231)

Chinese

Yuan

......

DBAB

Sell

1,984,095

275,049

8/21/25

—

(3,247)

Chinese

Yuan

......

JPHQ

Sell

1,578,493

218,846

8/21/25

—

(2,559)

Australian

Dollar

....

JPHQ

Buy

430,000

274,997

8/25/25

8,330

—

Chilean

Peso

......

JPHQ

Buy

152,000,000

162,182

9/08/25

956

—

Japanese

Yen

......

MSCO

Buy

209,276,000

1,459,916

9/10/25

5,096

—

Mexican

Peso

......

HSBK

Buy

12,444,000

641,212

9/10/25

16,963

—

Serbian

Dinar

......

DBAB

Buy

5,784,000

53,378

9/10/25

4,778

—

Malaysian

Ringgit

...

GSCO

Buy

3,340,000

759,091

9/15/25

35,674

—

Malaysian

Ringgit

...

GSCO

Sell

700,000

159,236

9/15/25

—

(7,332)

Serbian

Dinar

......

DBAB

Buy

23,573,426

218,212

9/17/25

18,783

—

South

Korean

Won

..

CITI

Buy

188,000,000

130,207

9/17/25

9,416

—

South

Korean

Won

..

HSBK

Buy

888,700,000

615,528

9/17/25

44,488

—

South

Korean

Won

..

HSBK

Sell

185,000,000

128,660

9/17/25

—

(8,735)

Australian

Dollar

....

DBAB

Buy

231,000

145,612

9/22/25

6,684

—

Chinese

Yuan

......

HSBK

Sell

13,583,000

1,908,234

9/29/25

—

(3,296)

Chinese

Yuan

......

MSCO

Sell

7,087,000

995,729

9/29/25

—

(1,622)

Serbian

Dinar

......

DBAB

Buy

12,187,000

121,776

9/30/25

720

—

Japanese

Yen

......

MSCO

Buy

248,915,000

1,744,414

10/07/25

5,216

(1,925)

Chilean

Peso

......

HSBK

Buy

102,300,000

109,176

10/27/25

592

—

Chilean

Peso

......

JPHQ

Buy

115,700,000

123,441

10/27/25

705

—

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### International

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

#### Forward

#### Exchange

#### Contracts
(continued)

#### Currency

#### Counter-

#### party

#### a

#### Type

#### Quantity

#### Contract

#### Amount\*

#### Settlement

#### Date

#### Unrealized

#### Appreciation

#### Unrealized

#### Depreciation

#### a

#### OTC

#### Forward

#### Exchange

#### Contracts
(continued)

Euro

.............

CITI

Sell

676,442

8,013,000

NOK

11/12/25

$

—

$

(8,242)

Euro

.............

DBAB

Sell

100,625

1,192,000

NOK

11/12/25

—

(1,224)

Chinese

Yuan

......

CITI

Sell

1,975,753

277,884

11/17/25

—

(1,125)

Chinese

Yuan

......

HSBK

Sell

443,751

62,569

12/17/25

—

(228)

Total

Forward

Exchange

Contracts

...................................................

$427,798

$(314,839)

Net

unrealized

appreciation

(depreciation)

............................................

$112,959

\*

In

U.S.

dollars

unless

otherwise

indicated.

a

May

be

comprised

of

multiple

contracts

with

the

same

counterparty,

currency

and

settlement

date.

See

Note

regarding

other

derivative

information.

See

abbreviations

on

.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### A

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$4.62

$5.18

$4.91

$5.82

$6.70

$7.73

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.22 0.37 0.31 0.26 0.48 0.48 Net

realized

and

unrealized

gains

(losses)

0.51 (0.55)

0.27 (0.86)

(0.83)

(1.00)

Total

from

investment

operations

........

0.73 (0.18)

0.58 (0.60)

(0.35)

(0.52)

Less

distributions

from:

Net

investment

income

..............

(0.13)

(0.23)

(0.02)

—

—

(0.01)

Tax

return

of

capital

................

—

(0.15)

(0.29)

(0.31)

(0.53)

(0.50)

Total

distributions

...................

(0.13)

(0.38)

(0.31)

(0.31)

(0.53)

(0.51)

Net

asset

value,

end

of

period

..........

$5.22

$4.62

$5.18

$4.91

$5.82

$6.70

Total

return

c

.......................

15.83%

(3.70)%

12.13%

(10.51)%

(5.54)%

(6.80)%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

2.97%

2.67%

2.66%

2.91%

2.77%

2.10%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.14%

1.14%

1.12%

1.08%

1.13%

1.07%

Net

investment

income

...............

9.13%

7.33%

6.13%

4.90%

7.58%

6.84%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$9,045

$8,072

$9,849

$10,984

$14,821

$16,004

Portfolio

turnover

rate

................

26.48%

80.93%

86.75%

58.11%

40.55%

56.59%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

does

not

reflect

sales

commissions

or

contingent

deferred

sales

charges,

if

applicable,

and

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### C

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$4.62

$5.18

$4.91

$5.81

$6.69

$7.72

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.21 0.35 0.29 0.24 0.45 0.44 Net

realized

and

unrealized

gains

(losses)

0.51 (0.55)

0.27 (0.86)

(0.83)

(0.99)

Total

from

investment

operations

........

0.72 (0.20)

0.56 (0.62)

(0.38)

(0.55)

Less

distributions

from:

Net

investment

income

..............

(0.12)

(0.22)

(0.03)

—

—

(0.01)

Tax

return

of

capital

................

—

(0.14)

(0.26)

(0.28)

(0.50)

(0.47)

Total

distributions

...................

(0.12)

(0.36)

(0.29)

(0.28)

(0.50)

(0.48)

Net

asset

value,

end

of

period

..........

$5.22

$4.62

$5.18

$4.91

$5.81

$6.69

Total

return

c

.......................

15.61%

(4.10)%

11.70%

(10.79)%

(5.96)%

(7.22)%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

3.37%

3.06%

3.08%

3.34%

3.13%

2.54%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.54%

1.54%

1.54%

1.54%

1.54%

1.51%

Net

investment

income

...............

8.74%

6.94%

5.72%

4.52%

7.18%

6.33%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$694

$629

$689

$734

$1,310

$1,821

Portfolio

turnover

rate

................

26.48%

80.93%

86.75%

58.11%

40.55%

56.59%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

does

not

reflect

sales

commissions

or

contingent

deferred

sales

charges,

if

applicable,

and

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### R

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$4.62

$5.19

$4.92

$5.83

$6.71

$7.73

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.22 0.37 0.30 0.24 0.48 0.47 Net

realized

and

unrealized

gains

(losses)

0.50 (0.57)

0.26 (0.86)

(0.83)

(0.98)

Total

from

investment

operations

........

0.72 (0.20)

0.56 (0.62)

(0.35)

(0.51)

Less

distributions

from:

Net

investment

income

..............

(0.12)

(0.22)

(0.05)

—

—

(0.01)

Tax

return

of

capital

................

—

(0.15)

(0.24)

(0.29)

(0.53)

(0.50)

Total

distributions

...................

(0.12)

(0.37)

(0.29)

(0.29)

(0.53)

(0.51)

Net

asset

value,

end

of

period

..........

$5.22

$4.62

$5.19

$4.92

$5.83

$6.71

Total

return

c

.......................

15.92%

(4.12)%

11.86%

(10.76)%

(5.56)%

(6.81)%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

3.22%

3.20%

2.88%

3.21%

2.81%

2.13%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

1.39%

1.39%

1.39%

1.39%

1.16%

1.10%

Net

investment

income

...............

8.88%

7.47%

5.92%

4.59%

7.55%

6.67%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$116

$100

$13

$10

$12

$12

Portfolio

turnover

rate

................

26.48%

80.93%

86.75%

58.11%

40.55%

56.59%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Class

#### R6

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$4.62

$5.18

$4.91

$5.83

$6.71

$7.74

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.23 0.38 0.32 0.26 0.51 0.52 Net

realized

and

unrealized

gains

(losses)

0.50 (0.54)

0.27 (0.86)

(0.84)

(1.02)

Total

from

investment

operations

........

0.73 (0.16)

0.59 (0.60)

(0.33)

(0.50)

Less

distributions

from:

Net

investment

income

..............

(0.13)

(0.24)

(0.04)

—

—

(0.01)

Tax

return

of

capital

................

—

(0.16)

(0.28)

(0.32)

(0.55)

(0.52)

Total

distributions

...................

(0.13)

(0.40)

(0.32)

(0.32)

(0.55)

(0.53)

Net

asset

value,

end

of

period

..........

$5.22

$4.62

$5.18

$4.91

$5.83

$6.71

Total

return

c

.......................

15.99%

(3.40)%

12.47%

(10.41)%

(5.19)%

(6.47)%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

2.76%

2.46%

2.47%

2.86%

2.56%

2.04%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

0.86%

0.86%

0.86%

0.86%

0.77%

0.75%

Net

investment

income

...............

9.42%

7.63%

6.44%

5.09%

8.00%

7.37%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$753

$627

$654

$599

$663

$598

Portfolio

turnover

rate

................

26.48%

80.93%

86.75%

58.11%

40.55%

56.59%

a

The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

b

Based

on

average

daily

shares

outstanding.

c

Total

return

is

not

annualized

for

periods

less

than

one

year.

d

Ratios

are

annualized

for

periods

less

than

one

year.

Templeton

Income

Trust

Financial

Highlights

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### 2023

#### 2022

#### 2021

#### 2020

#### Advisor

#### Class

#### Per

#### share

#### operating

#### performance
(for

a

share

outstanding

throughout

the

period)

Net

asset

value,

beginning

of

period

.....

$4.65

$5.21

$4.94

$5.85

$6.73

$7.75

Income

from

investment

operations

a

:

Net

investment

income

b

.............

0.23 0.38 0.32 0.27 0.50 0.51 Net

realized

and

unrealized

gains

(losses)

0.51 (0.54)

0.27 (0.86)

(0.84)

(1.01)

Total

from

investment

operations

........

0.74 (0.16)

0.59 (0.59)

(0.34)

(0.50)

Less

distributions

from:

Net

investment

income

..............

(0.13)

(0.24)

(0.15)

—

—

(0.01)

Tax

return

of

capital

................

—

(0.16)

(0.17)

(0.32)

(0.54)

(0.51)

Total

distributions

...................

(0.13)

(0.40)

(0.32)

(0.32)

(0.54)

(0.52)

Net

asset

value,

end

of

period

..........

$5.26

$4.65

$5.21

$4.94

$5.85

$6.73

Total

return

c

.......................

16.10%

(3.43)%

12.35%

(10.28)%

(5.28)%

(6.46)%

#### Ratios

#### to

#### average

#### net

#### assets

#### d
Expenses

before

waiver

and

payments

by

affiliates

..........................

2.73%

2.58%

2.42%

2.70%

2.51%

1.91%

Expenses

net

of

waiver

and

payments

by

affiliates

..........................

0.89%

0.89%

0.89%

0.88%

0.89%

0.86%

Net

investment

income

...............

9.42%

7.48%

6.42%

5.14%

7.83%

7.20%

#### Supplemental

#### data
Net

assets

,

end

of

period

(000's)

........

$4,549

$1,281

$5,206

$1,676

$3,063

$3,950

Portfolio

turnover

rate

................

26.48%

80.93%

86.75%

58.11%

40.55%

56.59%

#### a
The

amount

shown

for

a

share

outstanding

throughout

the

period

may

not

correlate

with

the

Statement

of

Operations

for

the

period

due

to

the

timing

of

sales

and

repurchases

of

the

Fund's

shares

in

relation

to

income

earned

and/or

fluctuating

fair

value

of

the

investments

of

the

Fund.

#### b
Based

on

average

daily

shares

outstanding.

#### c
Total

return

is

not

annualized

for

periods

less

than

one

year.

#### d
Ratios

are

annualized

for

periods

less

than

one

year.

Templeton

Income

Trust

Schedule

of

Investments

(unaudited),

June

30,

2025

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

a

#### Industry

#### Shares
a

#### Value
a

#### Common

#### Stocks

#### 0.0%

#### South

#### Africa

#### 0.0%
a,b,c

K2016470219

South

Africa

Ltd.,

A

....

Broadline

Retail

2,171,539

$

—

a,b,c

K2016470219

South

Africa

Ltd.,

B

....

Broadline

Retail

619,903

—

—

#### Total

#### Common

#### Stocks

#### (Cost

#### $14,998)

#### ..........................................

#### —

#### Principal

#### Amount

#### \*
a

#### a
a

#### Corporate

#### Bonds

#### 2.7%

#### Costa

#### Rica

#### 2.7%
a,d

Reventazon

Finance

Trust

,

Senior

Secured

Bond

,

144A,

%

,

11/15/33

.

Financial

Services

405,120

417,804

#### South

#### Africa

#### 0.0%
a,d,e

K2016470219

South

Africa

Ltd.

,

Senior

Secured

Note,

144A,

3%,

12/31/22

.....................

Broadline

Retail

188,190

—

Senior

Secured

Note,

144A,

8%,

12/31/22

.....................

Broadline

Retail

55,416

EUR

—

a,d,e

K2016470260

South

Africa

Ltd.

,

Senior

Secured

Note

,

144A,

%

,

12/31/22

.

Broadline

Retail

237,804

—

—

#### Total

#### Corporate

#### Bonds

#### (Cost

#### $706,155)

#### ........................................

#### 417,804
a

a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### 78.8%

#### Benin

#### 1.1%
d

Benin

Government

Bond,

Senior

Bond,

144A,

4.95%,

1/22/35

............

170,000

EUR

171,477

#### Brazil

#### 9.5%
Brazil

Notas

do

Tesouro

Nacional

,

10%,

1/01/31

..................

1,320,000

BRL

211,469

10%,

1/01/33

..................

7,940,000

BRL

1,228,393

1,439,862

#### Colombia

#### 3.2%
Colombia

Titulos

de

Tesoreria,

G,

7%,

3/26/31

......................

2,414,000,000

COP

479,612

#### Ecuador

#### 3.0%
d

Ecuador

Government

Bond,

Senior

Bond,

144A,

5.5%,

7/31/35

........

620,300

451,727

#### Egypt

#### 0.6%
Egypt

Government

Bond,

25.151%,

4/16/27

......................

4,300,000

EGP

87,701

#### Ghana

#### 2.0%
f

Ghana

Government

Bond

,

PIK,

8.35%,

2/16/27

.............

673,042

GHS

55,046

PIK,

8.5%,

2/15/28

..............

700,826

GHS

51,691

PIK,

8.65%,

2/13/29

.............

660,144

GHS

45,078

PIK,

8.8%,

2/12/30

..............

679,696

GHS

43,654

PIK,

8.95%,

2/11/31

.............

584,880

GHS

35,361

PIK,

9.1%,

2/10/32

..............

594,359

GHS

34,336

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

a

a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities
(continued)

#### Ghana
(continued)

f

Ghana

Government

Bond,

(continued)

PIK,

9.25%,

2/08/33

.............

531,008

GHS

$

29,545

PIK,

9.4%,

2/07/34

..............

36,570

GHS

1,955

PIK,

9.55%,

2/06/35

.............

18,300

GHS

957

PIK,

9.7%,

2/05/36

..............

22,519

GHS

1,160

PIK,

9.85%,

2/03/37

.............

12,405

GHS

633

PIK,

10%,

2/02/38

..............

18,677

GHS

947

300,363

#### India

#### 6.6%
India

Government

Bond,

Senior

Bond,

7.29%,

1/27/33

................

81,950,000

INR

1,002,424

#### Ivory

#### Coast

#### 2.3%
d

Ivory

Coast

Government

Bond,

Senior

Note,

144A,

7.625%,

1/30/33

......

360,000

355,933

#### Mexico

#### 3.6%
Mexican

Bonos

Desarr

Fixed

Rate

,

M,

8.5%,

2/28/30

...............

5,000,000

MXN

264,851

M,

7.75%,

5/29/31

..............

5,640,000

MXN

286,594

551,445

#### Namibia

#### 9.7%
Namibia

Government

Bond

,

9%,

4/15/32

...................

5,270,000

NAD

295,118

9.5%,

7/15/35

.................

8,910,000

NAD

473,974

9.5%,

7/15/37

.................

13,480,000

NAD

696,768

1,465,860

#### Oman

#### 2.6%
d

Oman

Government

Bond,

Senior

Bond,

144A,

7%,

1/25/51

..............

370,000

394,008

#### Panama

#### 3.5%
Panama

Government

Bond,

Senior

Bond,

6.875%,

1/31/36

...........

530,000

528,280

#### Peru

#### 2.9%
d

Peru

Government

Bond,

Senior

Bond,

144A,

Reg

S,

7.6%,

8/12/39

.......

1,460,000

PEN

438,618

#### Philippines

#### 3.0%
Philippines

Government

Bond

,

6.375%,

4/28/35

................

15,000,000

PHP

269,064

Senior

Bond,

4.2%,

3/29/47

.......

220,000

180,142

449,206

#### Poland

#### 6.9%
Poland

Government

Bond,

5%,

10/25/34

3,875,000

PLN

1,042,944

#### Serbia

#### 5.1%
Serbia

Treasury

Bonds,

4.5%,

8/20/32

.

78,890,000

RSD

772,518

#### Seychelles

#### 0.9%
d

Seychelles

International

Bond,

Senior

Bond,

Reg

S,

8%,

1/01/26

........

141,270

142,394

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

a

a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities
(continued)

#### Supranational

#### 12.3%
g

European

Bank

for

Reconstruction

&

Development

,

a

20.25%,

7/24/26

................

400,000,000

NGN

$

252,810

Senior

Note,

10%,

3/28/26

........

108,600,000

KZT

199,772

d,g

European

Investment

Bank,

Senior

Bond,

Reg

S,

6.5%,

9/28/32

.......

8,950,000

ZAR

466,489

g

International

Bank

for

Reconstruction

&

Development

,

Senior

Bond,

7.07%,

6/26/29

......

5,900,000

MXN

310,111

Senior

Note,

10%,

9/16/26

........

161,000,000

KZT

286,436

g

International

Finance

Corp.,

Senior

Note,

13.825%,

10/09/26

.........

4,500,000,000

UZS

350,412

1,866,030

#### Total

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### (Cost

#### $11,474,958)

#### ..............

#### 11,940,402

#### Shares

#### Escrows

#### and

#### Litigation

#### Trusts

#### 0.0%

#### †
a,b

K2016470219

South

Africa

Ltd.,

Escrow

Account

......................

12,498

#### Total

#### Escrows

#### and

#### Litigation

#### Trusts

#### (Cost

#### $–)

#### ...................................

#### 186

#### Total

#### Long

#### Term

#### Investments

#### (Cost

#### $12,196,111)

#### ................................

#### 12,358,392

#### Short

#### Term

#### Investments

#### 12.0%
a

#### a

#### Industry

#### Principal

#### Amount

#### \*
a

#### Value
a

a

#### a
a

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### 4.3%

#### Egypt

#### 4.3%
h

Egypt

Treasury

Bills

,

27.41%,

9/09/25

................

10,750,000

EGP

205,620

27.49%,

9/23/25

................

1,375,000

EGP

26,032

27.16%,

12/16/25

...............

3,500,000

EGP

62,585

26.44%,

3/10/26

................

5,950,000

EGP

101,163

26.3%,

3/24/26

................

14,600,000

EGP

246,312

641,712

#### Total

#### Foreign

#### Government

#### and

#### Agency

#### Securities

#### (Cost

#### $636,393)
................

#### 641,712

#### Shares

#### Money

#### Market

#### Funds

#### 7.7%

#### United

#### States

#### 7.7%
i,j

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.332%

.........

1,170,302

1,170,302

#### Total

#### Money

#### Market

#### Funds

#### (Cost

#### $1,170,302)

#### ...................................

#### 1,170,302
a

#### a
a

a

#### Total

#### Short

#### Term

#### Investments

#### (Cost

#### $1,806,695

####)
.................................

#### 1,812,014
a

#### a

#### Total

#### Investments

#### (Cost

#### $14,002,806)

#### 93.5%

#### ....................................

#### $14,170,406

#### Other

#### Assets,

#### less

#### Liabilities

#### 6.5%

#### .............................................

#### 985,776

#### Net

#### Assets

#### 100.0%

#### ...........................................................

#### $15,156,182

#### a
Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
(continued)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

At

June

30,

2025,

the

Fund

had

the

following

forward

exchange

contracts

outstanding.

See

Note

(d).

\*

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

regarding

fair

value

measurements.

b

Non-income

producing.

c

See

Note

regarding

restricted

securities.

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

June

30,

2025,

the

aggregate

value

of

these

securities

was

$2,838,450,

representing

18.7%

of

net

assets.

e

Defaulted

security

or

security

for

which

income

has

been

deemed

uncollectible.

See

Note

6. f

Income

may

be

received

in

additional

securities

and/or

cash.

g

A

supranational

organization

is

an

entity

formed

by

two

or

more

central

governments

through

international

treaties.

h

The

rate

shown

represents

the

yield

at

period

end.

i

See

Note

3(f)

regarding

investments

in

affiliated

management

investment

companies.

j

The

rate

shown

is

the

annualized

seven-day

effective

yield

at

period

end.

#### Forward

#### Exchange

#### Contracts

#### Currency

#### Counter-

#### party

#### a

#### Type

#### Quantity

#### Contract

#### Amount

#### \*

#### Settlement

#### Date

#### Unrealized

#### Appreciation

#### Unrealized

#### Depreciation

#### a

#### OTC

#### Forward

#### Exchange

#### Contracts
Columbian

Peso

....

GSCO

Buy

370,000,000

84,280

7/15/25

$

6,108

$

—

Columbian

Peso

....

MSCO

Buy

764,000,000

173,953

7/15/25

12,687

—

Euro

.............

BNDP

Sell

145,000

149,363

7/15/25

—

(21,595)

Euro

.............

BOFA

Sell

130,274

134,303

7/15/25

—

(19,293)

Euro

.............

BZWS

Sell

152,726

158,050

7/16/25

—

(22,031)

Euro

.............

JPHQ

Sell

152,000

157,144

7/16/25

—

(22,081)

Brazilian

Real

......

JPHQ

Buy

5,630,685

970,189

8/04/25

57,416

—

Brazilian

Real

......

JPHQ

Sell

4,538,000

794,607

8/04/25

—

(33,581)

Malaysian

Ringgit

...

GSCO

Buy

630,000

149,750

8/04/25

—

(89) Chinese

Yuan

......

DBAB

Sell

4,777,000

662,222

8/21/25

—

(7,818)

Mexican

Peso

......

BNDP

Buy

1,706,454

87,334

8/27/25

3,058

—

Mexican

Peso

......

HSBK

Buy

3,573,998

182,977

8/27/25

6,338

—

Mexican

Peso

......

BNDP

Buy

620,188

31,965

9/10/25

837

—

Mexican

Peso

......

HSBK

Buy

3,612,000

186,118

9/10/25

4,924

—

Malaysian

Ringgit

...

GSCO

Buy

1,930,000

438,636

9/15/25

20,614

—

South

Korean

Won

..

CITI

Buy

548,000,000

379,541

9/17/25

27,446

—

South

Korean

Won

..

DBAB

Buy

274,000,000

189,849

9/17/25

13,644

—

Uruguayan

Peso

....

CITI

Buy

36,600,000

849,977

10/21/25

56,112

—

Malaysian

Ringgit

...

MSCO

Buy

5,250,000

1,253,582

12/17/25

—

Total

Forward

Exchange

Contracts

...................................................

$209,225

$(126,488)

Net

unrealized

appreciation

(depreciation)

............................................

$82,737

\*

In

U.S.

dollars

unless

otherwise

indicated.

a

May

be

comprised

of

multiple

contracts

with

the

same

counterparty,

currency

and

settlement

date.

Templeton

Income

Trust

Schedule

of

Investments

(unaudited)

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

At

June

30,

2025,

the

Fund

had

the

following

interest

rate

swap

contracts

outstanding.

See

Note

(d).

#### Interest

#### Rate

#### Swap

#### Contracts

#### Description

#### Payment

#### Frequency

#### Maturity

#### Date

#### Notional

#### Amount

#### \*

#### Value

#### Upfront

#### Payments
(Receipts)

#### Unrealized

#### Appreciation
(Depreciation)

aa

#### aa

#### Centrally

#### Cleared

#### Swap

#### Contracts
Receive

Fixed

11.342%

.

At

Maturity

Pay

Floating

1-day

BRL

CDI

..............

At

Maturity

1/02/29

3,422,237

BRL

$

(41,052)

$

—

$

(41,052)

Total

Interest

Rate

Swap

Contracts

.................................

$(41,052)

$

—

$(41,052)

\*

In

U.S.

dollars

unless

otherwise

indicated.

See

Note

regarding

other

derivative

information.

See

Abbreviations

on

.

Templeton

Income

Trust

Financial

Statements

Statements

of

Assets

and

Liabilities

June

30,

2025

(unaudited)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Assets:

Investments

in

securities:

Cost

-

Unaffiliated

issuers

................

$2,630,302,151

$222,206,993

$16,996,187

$12,832,504

Cost

-

Non-controlled

affiliates

(Note

f)

.....

508,686,162

34,979,492

2,637,144

1,170,302

Value

-

Unaffiliated

issuers

...............

$2,614,655,679

$172,645,665

$16,759,136

$13,000,104

Value

-

Non-controlled

affiliates

(Note

f)

.....

508,686,162

34,979,492

2,637,144

1,170,302

Cash

.................................

—

10,733

—

—

Restricted

cash

for

OTC

derivative

contracts

(Note

e)

...................................

11,390,000

220,000

—

—

Foreign

currency,

at

value

(cost

$

6,663

,

$

6,151,208

,

$

132,506

and

$

292,467

,

respectively)

9,789

6,209,422

133,060

299,336

Receivables:

Investment

securities

sold

................

997,385

119,455

4,290

4,624

Capital

shares

sold

.....................

3,216,612

234,081

7,641

55,580

Interest

..............................

63,377,859

5,113,973

378,369

427,789

Affiliates

.............................

—

—

21,461

9,357

Deposits

with

brokers

for:

OTC

derivative

contracts

...............

14,350,482

120,000

—

—

Centrally

cleared

swap

contracts

.........

5,888,231

222,447

—

33,188

Variation

margin

on

centrally

cleared

swap

contracts

............................

445,352

14,264

—

3,643

Due

from

Broker

.......................

—

—

—

448,599

Unrealized

appreciation

on

OTC

forward

exchange

contracts

..............................

41,799,606

3,700,642

427,798

209,225

Total

assets

.......................

3,264,817,157

223,590,174

20,368,899

15,661,747

Liabilities:

Payables:

Investment

securities

purchased

...........

56,243,349

5,378,014

294,817

Capital

shares

redeemed

................

3,575,194

164,384

9,942

40,581

Management

fees

......................

1,220,673

108,677

—

—

Distribution

fees

.......................

372,869

28,437

2,426

2,243

Transfer

agent

fees

.....................

1,894,187

125,288

12,122

5,981

Professional

fees

......................

92,467

51,151

46,191

48,246

Trustees'

fees

and

expenses

..............

48,358

4,640

843

1,049

Deposits

from

brokers

for:

OTC

derivative

contracts

...............

11,390,000

220,000

—

—

Options

written,

at

value

(premiums

received

$

13,666,564

,

$

894,391

,

$

92,467

and

$

–

,

respectively)

...........................

6,857,943

448,813

46,401

—

Unrealized

depreciation

on

OTC

forward

exchange

contracts

..............................

26,059,782

1,063,977

314,839

126,488

Deferred

taxes

on

unrealized

appreciation

.....

198,131

37,631

3,767

4,190

Accrued

expenses

and

other

liabilities

........

1,854,925

155,059

41,567

(18,030)

Total

liabilities

......................

109,807,878

7,786,071

478,326

505,565

Net

assets,

at

value

..............

$3,155,009,279

$215,804,103

$19,890,573

$15,156,182

Net

assets

consist

of:

Paid-in

capital

..........................

$5,973,388,016

$888,799,847

$45,269,193

$19,329,645

Total

distributable

earnings

(losses)

..........

(2,818,378,737)

(672,995,744)

(25,378,620)

(4,173,463)

Net

assets,

at

value

..............

$3,155,009,279

$215,804,103

$19,890,573

$15,156,182

Templeton

Income

Trust

Financial

Statements

Statements

of

Assets

and

Liabilities

(continued)

June

30,

2025

(unaudited)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund

#### Class

#### A:
Net

assets,

at

value

....................

$1,564,552,284

$116,043,989

$10,339,790

$9,044,863

Shares

outstanding

.....................

217,936,096

16,951,863

1,559,878

1,731,933

Net

asset

value

per

share

a

,b

...............

$7.18

$6.85

$6.63

$5.22

Maximum

offering

price

per

share

(net

asset

value

per

share

÷

.25

%)

b

...............

$7.46

$7.12

$6.89

$5.42

#### Class

#### C:
Net

assets,

at

value

....................

$40,599,367

$7,524,760

$490,500

$693,697

Shares

outstanding

.....................

5,620,067

1,100,380

73,761

132,946

Net

asset

value

and

maximum

offering

price

per

share

a

,b

..............................

$7.22

$6.84

$6.65

$5.22

#### Class

#### R:
Net

assets,

at

value

....................

$78,837,511

$1,642,099

$70,732

$115,799

Shares

outstanding

.....................

10,980,715

239,526

10,677

22,162

Net

asset

value

and

maximum

offering

price

per

share

b

...............................

$7.18

$6.86

$6.63

$5.22

#### Class

#### R6:
Net

assets,

at

value

....................

$416,313,121

$13,527,101

$3,420,297

$752,673

Shares

outstanding

.....................

58,391,031

1,975,915

517,421

144,101

Net

asset

value

and

maximum

offering

price

per

share

b

...............................

$7.13

$6.85

$6.61

$5.22

#### Advisor

#### Class:
Net

assets,

at

value

....................

$1,054,706,996

$77,066,154

$5,569,254

$4,549,150

Shares

outstanding

.....................

147,797,823

11,227,694

839,760

865,429

Net

asset

value

and

maximum

offering

price

per

share

b

...............................

$7.14

$6.86

$6.63

$5.26

a

Redemption

price

is

equal

to

net

asset

value

less

contingent

deferred

sales

charges,

if

applicable.

b

Net

asset

value

per

share

may

not

recalculate

due

to

rounding.

Templeton

Income

Trust

Financial

Statements

Statements

of

Operations

for

the

six

months

ended

June

30,

2025

(unaudited)

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Investment

income:

Dividends:

Non-controlled

affiliates

(Note

f)

..........

$7,321,698

$425,544

$77,714

$13,525

Interest:

(net

of

foreign

taxes

of

$3,196,516,

$311,815,

$8,061

and

$7,491,

respectively)

Unaffiliated

issuers

.....................

94,560,833

8,046,234

678,668

633,046

Total

investment

income

................

101,882,531

8,471,778

756,382

646,571

Expenses:

Management

fees

(Note

a)

................

7,851,542

670,873

70,350

53,466

Distribution

fees:

(Note

3c)

&nbsp;&nbsp;&nbsp;&nbsp;Class

A

.............................

1,888,880

139,209

12,472

10,492

&nbsp;&nbsp;&nbsp;&nbsp;Class

C

.............................

135,961

25,194

1,500

2,098

&nbsp;&nbsp;&nbsp;&nbsp;Class

R

.............................

191,903

4,165

Transfer

agent

fees:

(Note

3e)

&nbsp;&nbsp;&nbsp;&nbsp;Class

A

.............................

1,591,201

119,125

13,252

7,129

&nbsp;&nbsp;&nbsp;&nbsp;Class

C

.............................

44,088

8,285

613

548

&nbsp;&nbsp;&nbsp;&nbsp;Class

R

.............................

80,837

1,780

&nbsp;&nbsp;&nbsp;&nbsp;Class

R6

............................

108,199

7,072

1,058

683

&nbsp;&nbsp;&nbsp;&nbsp;Advisor

Class

.........................

1,052,053

70,804

7,864

2,337

Custodian

fees

.........................

322,366

(68,632)

2,122

4,030

Reports

to

shareholders

fees

...............

265,157

22,582

8,545

3,820

Registration

and

filing

fees

.................

65,452

30,200

13,109

49,197

Professional

fees

........................

91,429

50,206

45,049

39,094

Trustees'

fees

and

expenses

...............

239,021

17,320

1,963

1,568

Pricing

fees

............................

27,709

6,703

12,142

3,179

Other

.................................

39,614

6,830

10,871

6,228

Total

expenses

......................

13,995,412

1,111,716

201,152

184,223

Expenses

waived/paid

by

affiliates

(Note

f

and

g)

...........................

(652,789)

(39,396)

(115,233)

(115,491)

Net

expenses

......................

13,342,623

1,072,320

85,919

68,732

Net

investment

income

.............

88,539,908

7,399,458

670,463

577,839

Templeton

Income

Trust

Financial

Statements

Statements

of

Operations

(continued)

for

the

six

months

ended

June

30,

2025

(unaudited)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

financial

statements.

Semiannual

Report

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Realized

and

unrealized

gains

(losses):

Net

realized

gain

(loss)

from:

Investments:

(net

of

foreign

taxes

of

$–,

$481,168,

$33,707

and

$36,790,

respectively)

Unaffiliated

issuers

...................

(101,853,987)

(7,388,388)

(551,147)

(230,012)

Written

options

........................

8,810,136

484,001

50,067

—

Foreign

currency

transactions

.............

(2,353,922)

(331,706)

(12,845)

(6,292)

Forward

exchange

contracts

..............

(4,581,642)

(830,142)

22,152

109,631

Swap

contracts

........................

(3,815,297)

(70,463)

—

2,295

Net

realized

gain

(loss)

...............

(103,794,712)

(8,136,698)

(491,773)

(124,378)

Net

change

in

unrealized

appreciation

(depreciation)

on:

Investments:

Unaffiliated

issuers

...................

354,751,485

21,357,692

2,202,309

1,125,314

Translation

of

other

assets

and

liabilities

denominated

in

foreign

currencies

........

5,349,176

375,640

33,004

26,895

Written

options

........................

6,406,920

422,590

43,702

—

Forward

exchange

contracts

..............

37,400,530

5,632,854

225,418

247,491

Swap

contracts

........................

12,800,927

290,559

—

43,869

Change

in

deferred

taxes

on

unrealized

appreciation

..........................

(55,228)

277,455

11,136

15,081

Net

change

in

unrealized

appreciation

(depreciation)

......................

416,653,810

28,356,790

2,515,569

1,458,650

Net

realized

and

unrealized

gain

(loss)

.........

312,859,098

20,220,092

2,023,796

1,334,272

Net

increase

(decrease)

in

net

assets

resulting

from

operations

...............................

$401,399,006

$27,619,550

$2,694,259

$1,912,111

Templeton

Income

Trust

Financial

Statements

Statements

of

Changes

in

Net

Assets

franklintempleton.com

Semiannual

Report

The

accompanying

notes

are

an

integral

part

of

these

consolidated

financial

statements.

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024
Increase

(decrease)

in

net

assets:

Operations:

Net

investment

income

............

$88,539,908

$197,118,661

$7,399,458

$19,261,734

Net

realized

gain

(loss)

............

(103,794,712)

(243,736,522)

(8,136,698)

(24,323,335)

Net

change

in

unrealized

appreciation

(depreciation)

.................

416,653,810

(423,306,034)

28,356,790

(11,883,981)

Net

increase

(decrease)

in

net

assets

resulting

from

operations

.

401,399,006

(469,923,895)

27,619,550

(16,945,582)

Distributions

to

shareholders:

Class

A

........................

(44,990,078)

(36,145,542)

(4,236,686)

(4,372,097)

Class

C

........................

(1,137,252)

(1,099,654)

(276,997)

(316,071)

Class

R

........................

(2,187,887)

(1,697,975)

(58,995)

(69,859)

Class

R6

.......................

(12,903,175)

(10,421,675)

(545,017)

(616,624)

Advisor

Class

...................

(31,402,353)

(28,709,720)

(2,574,173)

(3,126,870)

Distributions

to

shareholders

from

tax

return

of

capital:

Class

A

........................

—

(56,975,215)

—

(5,566,994)

Class

C

........................

—

(1,733,357)

—

(402,453)

Class

R

........................

—

(2,676,472)

—

(88,951)

Class

R6

.......................

—

(16,427,397)

—

(785,149)

Advisor

Class

...................

—

(45,254,334)

—

(3,981,444)

Total

distributions

to

shareholders

.....

(92,620,745)

(201,141,341)

(7,691,868)

(19,326,512)

Capital

share

transactions:

(Note

2)

Class

A

........................

(85,876,869)

(288,601,194)

(8,185,102)

(31,387,253)

Class

C

........................

(8,317,537)

(24,152,600)

(1,226,949)

(4,295,100)

Class

R

........................

(5,596,403)

(8,124,289)

(298,583)

(715,017)

Class

R6

.......................

(42,246,663)

(47,897,867)

(1,115,212)

(15,131,803)

Advisor

Class

...................

(409,834)

(552,217,590)

4,909,970

(41,552,963)

Total

capital

share

transactions

.......

(142,447,306)

(920,993,540)

(5,915,876)

(93,082,136)

Net

increase

(decrease)

in

net

assets

.....................

166,330,955

(1,592,058,776)

14,011,806

(129,354,230)

Net

assets:

Beginning

of

period

................

2,988,678,324

4,580,737,100

201,792,297

331,146,527

End

of

period

.....................

$3,155,009,279

$2,988,678,324

$215,804,103

$201,792,297

Templeton

Income

Trust

Financial

Statements

Statements

of

Changes

in

Net

Assets

(continued)

franklintempleton.com

The

accompanying

notes

are

an

integral

part

of

these

consolidated

financial

statements.

Semiannual

Report

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024

#### Six

#### Months

#### Ended

#### June

#### 30,

#### 2025
(unaudited)

#### Year

#### Ended

#### December

#### 31,

#### 2024
Increase

(decrease)

in

net

assets:

Operations:

Net

investment

income

............

$670,463

$1,301,169

$577,839

$1,186,316

Net

realized

gain

(loss)

............

(491,773)

(1,355,385)

(124,378)

(796,364)

Net

change

in

unrealized

appreciation

(depreciation)

.................

2,515,569

(2,669,942)

1,458,650

(901,825)

Net

increase

(decrease)

in

net

assets

resulting

from

operations

.

2,694,259

(2,724,158)

1,912,111

(511,873)

Distributions

to

shareholders:

Class

A

........................

(340,450)

(274,107)

(218,459)

(421,276)

Class

C

........................

(14,728)

(12,774)

(15,468)

(26,600)

Class

R

........................

(2,093)

(1,461)

(2,633)

(2,796)

Class

R6

.......................

(132,537)

(116,401)

(18,687)

(32,881)

Advisor

Class

...................

(206,473)

(199,018)

(104,376)

(249,125)

Distributions

to

shareholders

from

tax

return

of

capital:

Class

A

........................

—

(336,025)

—

(274,620)

Class

C

........................

—

(15,659)

—

(17,340)

Class

R

........................

—

(1,791)

—

(1,822)

Class

R6

.......................

—

(142,694)

—

(21,435)

Advisor

Class

...................

—

(243,975)

—

(162,398)

Total

distributions

to

shareholders

.....

(696,281)

(1,343,905)

(359,623)

(1,210,293)

Capital

share

transactions:

(Note

2)

Class

A

........................

(327,500)

(129,073)

(67,759)

(756,704)

Class

C

........................

11,539

(131,237)

(15,277)

9,843

Class

R

........................

6,263

16,344

2,676

94,062

Class

R6

.......................

(259,603)

(733,445)

41,338

50,322

Advisor

Class

...................

(919,104)

(4,620,688)

2,934,240

(3,378,989)

Total

capital

share

transactions

.......

(1,488,405)

(5,598,099)

2,895,218

(3,981,466)

Net

increase

(decrease)

in

net

assets

.....................

509,573

(9,666,162)

4,447,706

(5,703,632)

Net

assets:

Beginning

of

period

................

19,381,000

29,047,162

10,708,476

16,412,108

End

of

period

.....................

$19,890,573

$19,381,000

$15,156,182

$10,708,476

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

1. #### Organization

#### and

#### Significant

#### Accounting

#### Policies
Templeton

Income

Trust (Trust)

is

registered

under

the

Investment

Company

Act

of

1940

(1940

Act)

as

an

open-end

management

investment

company,

consisting

of

four separate

funds

(Funds).

The

Funds

follow

the

accounting

and

reporting

guidance

in

Financial

Accounting

Standards

Board

(FASB)

Accounting

Standards

Codification

Topic

946,

Financial

Services

–

Investment

Companies

(ASC

946)

and

apply

the

specialized

accounting

and

reporting

guidance

in

U.S.

Generally

Accepted

Accounting

Principles

(U.S.

GAAP),

including,

but

not

limited

to,

ASC

946. The

Funds

offer

five classes

of

shares:

Class

A,

Class

C,

Class

R,

Class

R6

and

Advisor

Class.

Class

C

shares

automatically

convert

to

Class

A

shares

on

a

monthly

basis,

after

they

have

been

held

for

years.

Each

class

of

shares

may

differ

by

its

initial

sales

load,

contingent

deferred

sales

charges,

voting

rights

on

matters

affecting

a

single

class,

its

exchange

privilege

and

fees

due

to

differing

arrangements

for

distribution

and

transfer

agent

fees.

Effective

August

1,

2025,

Templeton

Global

Return

Fund

was

renamed

Templeton

Global

Bond

Enhanced

Fund.

The

following

summarizes

the Funds'

significant

accounting

policies.

a. #### Financial

#### Instrument

#### Valuation
The Funds'

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 Funds calculate the

net

asset

value

(NAV)

per

share

each

business

day

as

of

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

Funds'

investment

manager

as

the

valuation

designee

and

has

responsibility

for

oversight

of

valuation.

The

investment

manager

is

assisted

by

the

Funds'

administrator

in

performing

this

responsibility,

including

leading

the

cross-

functional

Valuation

Committee

(VC).

The

Funds

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

p.m.

Eastern

time.

The

value

is

then

converted

into

its

U.S.

dollar

equivalent

at

the

foreign

exchange

rate

in

effect

at

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

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,

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

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

Funds' 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

Funds' net

benefit

or

obligation

under

the

derivative

contract,

as

measured

by

the

fair

value

of

the

contract,

is

included

in

net

assets.

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

The

Funds

have

procedures

to

determine

the

fair

value

of

financial

instruments

for

which

market

prices

are

not

reliable

or

readily

available.

Under

these

procedures,

the

Funds

primarily

employ

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

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

p.m.

Eastern

time.

In

addition,

trading

in

certain

foreign

markets

may

not

take

place

on

every

Funds'

business

day.

Events

can occur

between

the

time

at

which

trading

in

a

foreign

security

is

completed

and

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

Funds'

portfolio

securities

as

determined

at

the

foreign

market

close

and

the

latest

indications

of

value

at

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

Funds'

portfolio

securities

to

the

latest

indications

of

fair

value

at

p.m.

Eastern

time.

When

the

last

day

of

the

reporting

period

is

a

non-business

day,

certain

foreign

markets

may

be

open

on

those

days

that

the

Funds'

NAV

is

not

calculated,

which

could

result

in

differences

between

the

value

of

the

Funds'

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

Funds

for

financial

reporting

purposes.

b. #### Foreign

#### Currency

#### Translation
Portfolio

securities

and

other

assets

and

liabilities

denominated

in

foreign

currencies

are

translated

into

U.S.

dollars

based

on

the

exchange

rate

of

such

currencies

against

U.S.

dollars

on

the

date

of

valuation.

The

Funds

may

enter

into

foreign

currency

exchange

contracts

to

facilitate

transactions

denominated

in

a

foreign

currency.

Purchases

and

sales

of

securities,

income

and

expense

items

denominated

in

foreign

currencies

are

translated

into

U.S.

dollars

at

the

exchange

rate

in

effect

on

the

transaction

date.

Portfolio

securities

and

assets

and

liabilities

denominated

in

foreign

currencies

contain

risks

that

those

currencies

will

decline

in

value

relative

to

the

U.S.

dollar.

Occasionally,

events

may

impact

the

availability

or

reliability

of

foreign

exchange

rates

used

to

convert

the

U.S.

dollar

equivalent

value.

If

such

an

event

occurs,

the

foreign

exchange

rate

will

be

valued

at

fair

value

using

procedures

established

and

approved

by

the

Board.

The

Funds

do

not

separately

report

the

effect

of

changes

in

foreign

exchange

rates

from

changes

in

market

prices

on

securities

held.

Such

changes

are

included

in

net

realized

and

unrealized

gain

or

loss

from

investments

in

the

Statements

of

Operations.

Realized

foreign

exchange

gains

or

losses

arise

from

sales

of

foreign

currencies,

currency

gains

or

losses

realized

between

the

trade

and

settlement

dates

on

securities

transactions

and

the

difference

between

the

recorded

amounts

of

dividends,

interest,

and

foreign

withholding

taxes

and

the

U.S.

dollar

equivalent

of

the

amounts

actually

received

or

paid.

Net

unrealized

foreign

exchange

gains

and

losses

arise

from

changes

in

foreign

exchange

rates

on

foreign

denominated

assets

and

liabilities

other

than

investments

in

securities

held

at

the

end

of

the

reporting

period.

c. #### Securities

#### Purchased

#### on

#### a

#### When-Issued,

#### Forward

#### Commitment or

#### Delayed

#### Delivery

#### Basis
Certain

or

all

Funds

may

purchase

securities

on

a

when-

issued,

forward

commitment

or

delayed

delivery

basis,

with

payment

and

delivery

scheduled

for

a

future

date.

These

transactions

are

subject

to

market

fluctuations

and

are

subject

to

the

risk

that

the

value

at

delivery

may

be

more

or

less

than

the

trade

date

purchase

price.

Although

the

Funds

will

generally

purchase

these

securities

with

the

intention

of

holding

the

securities, they

may

sell

the

securities

before

the

settlement

date.

d. #### Derivative

#### Financial

#### Instruments
Certain

or

all

Funds

invested

in

derivative

financial

instruments

in

order

to

manage

risk

or

gain

exposure

to

various

other

investments

or

markets.

Derivatives

are

1. #### Organization

#### and

#### Significant

#### Accounting

#### Policies
(continued)

a. #### Financial

#### Instrument

#### Valuation
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

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

which

expose

the

Fund

to

gains

or

losses

in

excess

of

the

amounts

shown

in

the

Statements

of

Assets

and

Liabilities.

Realized

gain

and

loss

and

unrealized

appreciation

and

depreciation

on

these

contracts

for

the

period

are

included

in

the

Statements

of

Operations.

Derivative

counterparty

credit

risk

is

managed

through

a

formal

evaluation

of

the

creditworthiness

of

all

potential

counterparties.

Certain

or

all Funds

attempt

to

reduce their

exposure

to

counterparty

credit

risk

on

OTC

derivatives,

whenever

possible,

by

entering

into

International

Swaps

and

Derivatives

Association

(ISDA)

master

agreements

with

certain

counterparties.

These

agreements

contain

various

provisions,

including

but

not

limited

to

collateral

requirements,

events

of

default,

or

early

termination.

Termination

events

applicable

to

the

counterparty

include

certain

deteriorations

in

the

credit

quality

of

the

counterparty.

Termination

events

applicable

to

the

Funds

include

failure

of

the

Funds

to

maintain

certain

net

asset

levels

and/or

limit

the

decline

in

net

assets

over

various

periods

of

time.

In

the

event

of

default

or

early

termination,

the

ISDA

master

agreement

gives

the

non-defaulting

party

the

right

to

net

and

close-out

all

transactions

traded,

whether

or

not

arising

under

the

ISDA

agreement,

to

one

net

amount

payable

by

one

counterparty

to

the

other.

However,

absent

an

event

of

default

or

early

termination,

OTC

derivative

assets

and

liabilities

are

presented

gross

and

not

offset

in

the

Statements

of

Assets

and

Liabilities.

Early

termination

by

the

counterparty

may

result

in

an

immediate

payment

by

the

Funds

of

any

net

liability

owed

to

that

counterparty

under

the

ISDA

agreement.

Collateral

requirements

differ

by

type

of

derivative.

Collateral

or

initial

margin

requirements

are

set

by

the

broker

or

exchange

clearing

house

for

exchange

traded

and

centrally

cleared

derivatives.

Initial

margin

deposited

is

held

at

the

exchange

and

can

be

in

the

form

of

cash

and/or

securities.

For

OTC

derivatives

traded

under

an

ISDA

master

agreement,

posting

of

collateral

is

required

by

either

the

Fund

or

the

applicable

counterparty

if

the

total

net

exposure

of

all

OTC

derivatives

with

the

applicable

counterparty

exceeds

the

minimum

transfer

amount,

which

typically

ranges

from

$100,000

to

$250,000,

and

can

vary

depending

on

the

counterparty

and

the

type

of

agreement.

Generally,

collateral

is

determined

at

the

close

of

Fund

business

each

day

and

any

additional

collateral

required

due

to

changes

in

derivative

values

may

be

delivered

by

the

Fund

or

the

counterparty

the

next

business

day,

or

within

a

few

business

days.

Collateral

pledged

and/or

received

by

the

Fund

for

OTC

derivatives,

if

any,

is

held

in

segregated

accounts

with

the

Fund's

custodian/counterparty

broker

and

can

be

in

the

form

of

cash

and/or

securities.

Unrestricted

cash

may

be

invested

according

to

the

Funds'

investment

objectives.

To

the

extent

that

the

amounts

due

to

the

Fund

from

its

counterparties

are

not

subject

to

collateralization

or

are

not

fully

collateralized,

the

Fund

bears

the

risk

of

loss

from

counterparty

non-performance.

Certain

or

all

Funds

entered

into

OTC forward

exchange

contracts

primarily

to

manage 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 at

a

specific

exchange

rate

on

a

future

date. Forward

exchange

contracts

outstanding

at

period

end,

if

any,

are

listed

in

the

Funds'

Schedules

of

Investments.

Certain

or

all

Funds entered

into

interest

rate

swap

contracts

primarily

to

manage

interest

rate

risk.

An

interest

rate

swap

is

an

agreement

between

the

Fund

and

a

counterparty

to

exchange

cash

flows

based

on

the

difference

between

two

interest

rates,

applied

to

a

notional

amount.

These

agreements

may

be

privately

negotiated

in

the

over-the-

counter

market

(OTC

interest

rate

swaps)

or

may

be

executed

on

a

registered

exchange

(centrally

cleared

interest

rate

swaps).

For

centrally

cleared

interest

rate

swaps,

required

initial

margins

are

pledged

by

the

Fund,

and

the

daily

change

in

fair

value

is

accounted

for

as

a

variation

margin

payable

or

receivable

in

the Statements

of

Assets

and

Liabilities.

Over

the

term

of

the

contract,

contractually

required

payments

to

be

paid

and

to

be

received

are

accrued

daily

and

recorded

as

unrealized

appreciation or

depreciation

until

the

payments

are

made,

at

which

time

they

are

realized.

Interest

rate

swap

contracts

outstanding

at

period

end,

if

any,

are

listed

in

the

Funds'

Schedules

of

Investments.

1. #### Organization

#### and

#### Significant

#### Accounting

#### Policies
(continued)

d. #### Derivative

#### Financial

#### Instruments
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

Certain

or

all

Funds purchased

or

wrote

OTC

option

contracts

primarily

to

manage

and/or

gain exposure

to

foreign

exchange

rate

risk.

An

option

is

a

contract

entitling

the

holder

to

purchase

or

sell

a

specific

amount

of

shares

or

units

of

an

asset

or

notional

amount

of

a

swap

(swaption),

at

a

specified

price.

When

an

option

is

purchased

or

written,

an

amount

equal

to

the

premium

paid

or

received

is

recorded

as

an

asset

or

liability,

respectively.

Upon

exercise

of

an

option,

the

acquisition

cost

or

sales

proceeds

of

the

underlying

investment

is

adjusted

by

any

premium

received

or

paid.

Upon

expiration

of

an

option,

any

premium

received

or

paid

is

recorded

as

a

realized

gain

or

loss.

Upon

closing

an

option

other

than

through

expiration

or

exercise,

the

difference

between

the

premium

received

or

paid

and

the

cost

to

close

the

position

is

recorded

as

a

realized

gain

or

loss.

Option contracts

outstanding

at

period

end,

if

any,

are

listed

in

the

Funds'

Schedules

of

Investments.

See

Note

regarding

other

derivative

information.

e. #### Restricted

#### Cash
At

June

30,

2025,

certain

or

all

Funds

held

restricted

cash

in

connection

with

investments

in

certain

derivative

securities.

Restricted

cash

is

held

in

a

segregated

account

with

the

Fund's

custodian and/or

counterparty

broker

and

is

reflected

in

the

Statements

of

Assets

and

Liabilities.

f. #### Income

#### and

#### Deferred

#### Taxes
It

is each

Fund's

policy

to

qualify

as

a

regulated

investment

company

under

the

Internal

Revenue

Code. Each

Fund

intends

to

distribute

to

shareholders

substantially

all

of

its

taxable

income

and

net

realized

gains

to

relieve

it

from

federal

income

and excise

taxes.

As

a

result,

no

provision

for

U.S.

federal

income

taxes

is

required.

The

Funds

may

be

subject

to

foreign

taxation

related

to

income

received,

capital

gains

on

the

sale

of

securities

and

certain

foreign

currency

transactions

in

the

foreign

jurisdictions

in

which

the

Funds

invest.

Foreign

taxes,

if

any,

are

recorded

based

on

the

tax

regulations

and

rates

that

exist

in

the

foreign

markets

in

which

the

Funds

invest.

When

a

capital

gain

tax

is

determined

to

apply,

certain

or

all

Funds

record

an

estimated

deferred

tax

liability

in

an

amount

that

would

be

payable

if

the

securities

were

disposed

of

on

the

valuation

date.

Each

Fund

may

recognize

an

income

tax

liability

related

to

its

uncertain

tax

positions

under

U.S.

GAAP

when

the

uncertain

tax

position

has

a

less

than

50%

probability

that

it

will

be

sustained

upon

examination

by

the

tax

authorities

based

on

its

technical

merits.

As

of

June

30,

2025, each

Fund

has

determined

that

no

tax

liability

is

required

in

its

financial

statements

related

to

uncertain

tax

positions

for

any

open

tax

years

(or

expected

to

be

taken

in

future

tax

years).

Open

tax

years

are

those

that

remain

subject

to

examination

and

are

based

on

the

statute

of

limitations

in

each

jurisdiction

in

which

the

Fund

invests.

g. #### Security

#### Transactions,

#### Investment

#### Income,

#### Expenses

#### and

#### Distributions
Security

transactions

are

accounted

for

on

trade

date.

Realized

gains

and

losses

on

security

transactions

are

determined

on

a

specific

identification basis.

Interest

income

(including

interest

income

from

payment-in-kind

securities,

if

any)

and

estimated

expenses

are

accrued

daily.

Amortization

of

premium

and

accretion

of

discount

on

debt

securities

are

included

in

interest

income.

Paydown

gains

and

losses

are

recorded

as

an

adjustment

to

interest

income.

Dividend

income

is recorded

on

the

ex-dividend

date

except

for

certain

dividends

from

securities

where

the

dividend

rate

is

not available.

In

such

cases,

the

dividend

is

recorded

as

soon

as

the

information

is

received

by

the Funds.

Distributions

to

shareholders

are

recorded

on

the

ex-dividend

date.

Distributable

earnings are

determined

according

to

income

tax

regulations

(tax

basis)

and

may

differ

from

earnings recorded

in

accordance

with

U.S.

GAAP.

These

differences

may

be

permanent

or

temporary.

Permanent differences

are

reclassified

among

capital

accounts

to

reflect

their

tax

character.

These reclassifications

have

no

impact

on

net

assets

or

the

results

of

operations.

Temporary

differences are

not

reclassified,

as

they

may

reverse

in

subsequent

periods.

Common

expenses

incurred

by

the

Trust

are

allocated

among

the

Funds

based

on

the

ratio

of

net

assets

of

each

Fund

to

the

combined

net

assets

of

the

Trust

or

based

on

the

ratio

of

number

of

shareholders

of

each

Fund

to

the

combined

number

of

shareholders

of

the

Trust.

Fund

specific

expenses

are

charged

directly

to

the

Fund

that

incurred

the

expense.

1. #### Organization

#### and

#### Significant

#### Accounting

#### Policies
(continued)

d. #### Derivative

#### Financial

#### Instruments
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

Realized

and

unrealized

gains

and

losses

and

net

investment

income,

excluding

class

specific

expenses,

are

allocated

daily

to

each

class

of

shares

based

upon

the

relative

proportion

of

net

assets

of

each

class.

Differences

in

per

share

distributions

by

class

are

generally

due

to

differences

in

class

specific

expenses.

Inflation-indexed

bonds

are

adjusted

for

inflation

through

periodic

increases

or

decreases

in

the

security's

interest

accruals,

face

amount,

or

principal

redemption

value,

by

amounts

corresponding

to

the

rate

of

inflation

as

measured

by

an

index.

Any

increase

or

decrease

in

the

face

amount

or

principal

redemption

value

will

be

included

as

interest

income in

the

Statements of

Operations.

h. #### Accounting

#### Estimates
The

preparation

of

financial

statements

in

accordance

with

U.S.

GAAP

requires

management

to

make

estimates

and

assumptions

that

affect

the

reported

amounts

of

assets

and

liabilities

at

the

date

of

the

financial

statements

and

the

amounts

of

income

and

expenses

during

the

reporting

period.

Actual

results

could

differ

from

those

estimates.

i. #### Guarantees

#### and

#### Indemnifications
Under

the Trust's

organizational

documents,

its

officers

and trustees

are

indemnified

by

the Trust against

certain

liabilities

arising

out

of

the

performance

of

their

duties

to

the

Trust.

Additionally,

in

the

normal

course

of

business,

the Trust,

on

behalf

of

the

Funds, enters

into

contracts

with

service

providers

that

contain

general

indemnification

clauses.

The Trust's

maximum

exposure

under

these

arrangements

is

unknown

as

this

would

involve

future

claims

that

may

be

made

against

the Trust

that

have

not

yet

occurred.

Currently,

the Trust

expects

the

risk

of

loss

to

be

remote.

2. #### Shares

#### of

#### Beneficial

#### Interest
At

June

30,

2025,

there

were

an

unlimited

number

of

shares

authorized

(without

par value).

Transactions

in

the

Funds'

shares

were

as

follows:

9,

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Shares

#### Amount

#### Shares

#### Amount
Class

A

#### Class

#### A

#### Shares:
Six

Months

ended

June

30,

2025

Shares

sold

a

...................................

7,975,106

$54,464,371

805,008

$5,253,426

Shares

issued

in

reinvestment

of

distributions

..........

6,185,791

42,462,357

590,345

3,851,927

Shares

redeemed

...............................

(26,848,142)

(182,803,597)

(2,678,242)

(17,290,455)

Net

increase

(decrease)

..........................

(12,687,245)

$(85,876,869)

(1,282,889)

$(8,185,102)

Year

ended

December

31,

2024

Shares

sold

a

...................................

12,778,831

$91,234,065

1,252,160

$8,527,914

Shares

issued

in

reinvestment

of

distributions

..........

12,375,038

87,697,142

1,316,277

8,885,372

Shares

redeemed

...............................

(65,433,671)

(467,532,401)

(7,179,860)

(48,800,539)

Net

increase

(decrease)

..........................

(40,279,802)

$(288,601,194)

(4,611,423)

$(31,387,253)

Class

C

1. #### Organization

#### and

#### Significant

#### Accounting

#### Policies
(continued)

g. #### Security

#### Transactions,

#### Investment

#### Income,

#### Expenses

#### and

#### Distributions
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Shares

#### Amount

#### Shares

#### Amount

#### Class

#### C

#### Shares:
Six

Months

ended

June

30,

2025

Shares

sold

...................................

311,534

$2,143,969

60,348

$388,651

Shares

issued

in

reinvestment

of

distributions

..........

163,070

1,125,121

41,882

272,715

Shares

redeemed

a

..............................

(1,695,456)

(11,586,627)

(291,158)

(1,888,315)

Net

increase

(decrease)

..........................

(1,220,852)

$(8,317,537)

(188,928)

$(1,226,949)

Year

ended

December

31,

2024

Shares

sold

...................................

573,802

$4,130,422

106,202

$711,156

Shares

issued

in

reinvestment

of

distributions

..........

390,782

2,788,470

104,111

702,664

Shares

redeemed

a

..............................

(4,315,040)

(31,071,492)

(841,567)

(5,708,920)

Net

increase

(decrease)

..........................

(3,350,456)

$(24,152,600)

(631,254)

$(4,295,100)

Class

R

#### Class

#### R

#### Shares:
Six

Months

ended

June

30,

2025

Shares

sold

...................................

660,229

$4,513,039

171,745

$1,105,896

Shares

issued

in

reinvestment

of

distributions

..........

318,293

2,185,234

8,978

58,640

Shares

redeemed

...............................

(1,803,521)

(12,294,676)

(227,241)

(1,463,119)

Net

increase

(decrease)

..........................

(824,999)

$(5,596,403)

(46,518)

$(298,583)

Year

ended

December

31,

2024

Shares

sold

...................................

1,599,790

$11,384,230

40,015

$271,757

Shares

issued

in

reinvestment

of

distributions

..........

616,438

4,365,828

22,969

155,350

Shares

redeemed

...............................

(3,323,511)

(23,874,347)

(166,427)

(1,142,124)

Net

increase

(decrease)

..........................

(1,107,283)

$(8,124,289)

(103,443)

$(715,017)

Class

R6

#### Class

#### R6

#### Shares:
Six

Months

ended

June

30,

2025

Shares

sold

...................................

7,516,029

$50,456,523

271,596

$1,748,859

Shares

issued

in

reinvestment

of

distributions

..........

1,758,976

11,989,542

77,097

502,593

Shares

redeemed

...............................

(15,711,066)

(104,692,728)

(518,019)

(3,366,664)

Net

increase

(decrease)

..........................

(6,436,061)

$(42,246,663)

(169,326)

$(1,115,212)

Year

ended

December

31,

2024

Shares

sold

...................................

11,528,530

$81,932,021

332,598

$2,284,878

Shares

issued

in

reinvestment

of

distributions

..........

3,519,903

24,781,135

201,042

1,359,885

Shares

redeemed

...............................

(21,703,192)

(154,611,023)

(2,725,102)

(18,776,566)

Net

increase

(decrease)

..........................

(6,654,759)

$(47,897,867)

(2,191,462)

$(15,131,803)

Advisor

Class

2. #### Shares

#### of

#### Beneficial

#### Interest
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Shares

#### Amount

#### Shares

#### Amount

#### Advisor

#### Class

#### Shares:
Six

Months

ended

June

30,

2025

Shares

sold

...................................

27,571,267

$184,275,403

4,216,555

$28,036,030

Shares

issued

in

reinvestment

of

distributions

..........

4,530,181

30,927,470

371,714

2,433,988

Shares

redeemed

...............................

(32,039,062)

(215,612,707)

(3,913,730)

(25,560,048)

Net

increase

(decrease)

..........................

62,386

$(409,834)

674,539

$4,909,970

Year

ended

December

31,

2024

Shares

sold

...................................

32,109,756

$228,989,536

3,651,555

$25,155,245

Shares

issued

in

reinvestment

of

distributions

..........

9,940,841

70,142,274

937,641

6,351,585

Shares

redeemed

...............................

(120,005,669)

(851,349,400)

(10,793,454)

(73,059,793)

Net

increase

(decrease)

..........................

(77,955,072)

$(552,217,590)

(6,204,258)

$(41,552,963)

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund

#### Shares

#### Amount

#### Shares

#### Amount
Class

A

#### Class

#### A

#### Shares:
Six

Months

ended

June

30,

2025

Shares

sold

a

...................................

118,659

$746,900

82,247

$408,791

Shares

issued

in

reinvestment

of

distributions

..........

51,920

329,055

22,823

115,681

Shares

redeemed

...............................

(221,713)

(1,403,455)

(120,513)

(592,231)

Net

increase

(decrease)

..........................

(51,134)

$(327,500)

(15,443)

$(67,759)

Year

ended

December

31,

2024

Shares

sold

a

...................................

346,855

$2,225,137

143,590

$717,354

Shares

issued

in

reinvestment

of

distributions

..........

89,291

587,821

77,534

382,861

Shares

redeemed

...............................

(442,268)

(2,942,031)

(374,217)

(1,856,919)

Net

increase

(decrease)

..........................

(6,122)

$(129,073)

(153,093)

$(756,704)

Class

C

#### Class

#### C

#### Shares:
Six

Months

ended

June

30,

2025

Shares

sold

...................................

10,901

$68,315

3,973

$20,392

Shares

issued

in

reinvestment

of

distributions

..........

2,305

14,660

2,981

15,105

Shares

redeemed

a

..............................

(11,319)

(71,436)

(10,231)

(50,774)

Net

increase

(decrease)

..........................

1,887

$11,539

(3,277)

$(15,277)

Year

ended

December

31,

2024

Shares

sold

...................................

24,264

$156,553

37,869

$188,820

Shares

issued

in

reinvestment

of

distributions

..........

4,282

28,342

8,703

42,830

Shares

redeemed

a

..............................

(48,060)

(316,132)

(43,414)

(221,807)

Net

increase

(decrease)

..........................

(19,514)

$(131,237)

3,158

$9,843

Class

R

2. #### Shares

#### of

#### Beneficial

#### Interest
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund

#### Shares

#### Amount

#### Shares

#### Amount

#### Class

#### R

#### Shares:
Six

Months

ended

June

30,

2025

Shares

sold

...................................

924

$5,816

$184

Shares

issued

in

reinvestment

of

distributions

..........

2,093

2,512

Shares

redeemed

...............................

(271) (1,646)

(4) (20) Net

increase

(decrease)

..........................

983

$6,263

528

$2,676

Year

ended

December

31,

2024

Shares

sold

...................................

2,015

$13,400

18,366

$90,372

Shares

issued

in

reinvestment

of

distributions

..........

3,252

871

4,248

Shares

redeemed

...............................

(46) (308) (110) (558) Net

increase

(decrease)

..........................

2,464

$16,344

19,127

$94,062

Class

R6

#### Class

#### R6

#### Shares:
Six

Months

ended

June

30,

2025

Shares

sold

...................................

319,816

$1,966,933

34,955

$172,462

Shares

issued

in

reinvestment

of

distributions

..........

20,997

132,505

3,688

18,687

Shares

redeemed

...............................

(379,567)

(2,359,041)

(30,268)

(149,811)

Net

increase

(decrease)

..........................

(38,754)

$(259,603)

8,375

$41,338

Year

ended

December

31,

2024

Shares

sold

...................................

97,827

$639,724

43,897

$218,752

Shares

issued

in

reinvestment

of

distributions

..........

39,126

257,519

11,014

54,316

Shares

redeemed

...............................

(244,917)

(1,630,688)

(45,383)

(222,746)

Net

increase

(decrease)

..........................

(107,964)

$(733,445)

9,528

$50,322

Advisor

Class

#### Advisor

#### Class

#### Shares:
Six

Months

ended

June

30,

2025

Shares

sold

...................................

111,207

$691,702

742,804

$3,678,023

Shares

issued

in

reinvestment

of

distributions

..........

31,889

202,084

20,294

103,685

Shares

redeemed

...............................

(285,261)

(1,812,890)

(173,150)

(847,468)

Net

increase

(decrease)

..........................

(142,165)

$(919,104)

589,948

$2,934,240

Year

ended

December

31,

2024

Shares

sold

...................................

374,233

$2,440,751

882,104

$4,496,005

Shares

issued

in

reinvestment

of

distributions

..........

64,188

424,858

82,109

410,170

Shares

redeemed

...............................

(1,099,111)

(7,486,297)

(1,687,417)

(8,285,164)

Net

increase

(decrease)

..........................

(660,690)

$(4,620,688)

(723,204)

$(3,378,989)

a

May

include

a

portion

of

Class

C

shares

that

were

automatically

converted

to

Class

A. 2. #### Shares

#### of

#### Beneficial

#### Interest
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

3. #### Transactions

#### with

#### Affiliates
Franklin

Resources,

Inc.

is

the

holding

company

for

various

subsidiaries

that

together

are

referred

to

as

Franklin

Templeton.

Certain

officers

and

trustees

of

the Trust are

also

officers

and/or

directors

of

the

following

subsidiaries:

a. #### Management

#### Fees
Templeton

Global

Bond

Fund pays

an

investment

management fee,

calculated

daily

and

paid

monthly,

to Advisers based

on the

average

daily

net

assets

of

the

Fund

as

follows:

Templeton

Global

Total

Return

Fund

pays

an

investment

management

fee,

calculated

daily

and

paid

monthly, to

Advisers

based

on

the

average

daily

net

assets

of

the

Fund

as

follows:

Templeton

International

Bond

Fund pays

an

investment

management fee,

calculated

daily

and

paid

monthly,

to Advisers based

on the

average

daily

net

assets

of

the

Fund

as

follows:

#### Subsidiary

#### Affiliation
Franklin

Advisers,

Inc.

(Advisers)

Investment

manager

Templeton

Asset

Management

Ltd

(Asset

Management)

Subadvisor

Franklin

Templeton

Services,

LLC

(FT

Services)

Administrative

manager

Franklin

Distributors,

LLC

(Distributors)

Principal

underwriter

Franklin

Templeton

Investor

Services,

LLC

(Investor

Services)

Transfer

agent

#### Annualized

#### Fee

#### Rate

#### Net

#### Assets
0.650%

Up

to

and

including

$200

million

0.585%

Over

$200

million,

up

to

and

including

$700

million

0.550%

Over

$700

million,

up

to

and

including

$1.2

billion

0.525%

Over

$1.2

billion,

up

to

and

including

$1.3

billion

0.475%

Over

$1.3

billion,

up

to

and

including

$35

billion

0.470%

Over

$35

billion,

up

to

and

including

$50

billion

0.465%

Over

$50

billion,

up

to

and

including

$65

billion

0.460%

Over

$65

billion,

up

to

and

including

$80

billion

0.455%

In

excess

of

$80

billion

#### Annualized

#### Fee

#### Rate

#### Net

#### Assets
0.670%

Up

to

and

including

$200

million

0.620%

Over

$200

million,

up

to

and

including

$1.3

billion

0.600%

Over

$1.3

billion,

up

to

and

including

$2.5

billion

0.585%

Over

$2.5

billion,

up

to

and

including

$5

billion

0.575%

Over

$5

billion,

up

to

and

including

$10

billion

0.565%

In

excess

of

$10

billion

#### Annualized

#### Fee

#### Rate

#### Net

#### Assets
0.700%

Up

to

and

including

$200

million

0.650%

Over

$200

million,

up

to

and

including

$1.3

billion

0.600%

In

excess

of

$1.3

billion

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

Templeton

Sustainable

Emerging

Markets

Bond

Fund pays

an

investment

management fee,

calculated

daily

and

paid

monthly,

to Advisers based

on the

average

daily

net

assets

of

the

Fund

as

follows:

For

the

period

ended

June

30,

2025,

each

Fund's

annualized

gross

effective

investment

management

fee

rate

based

on

average

daily

net

assets

was

as

follows:

Under a

subadvisory

agreement,

Asset

Management, an

affiliate

of

Advisers,

provides

subadvisory

services

to Templeton

Sustainable

Emerging

Markets

Bond

Fund.

The

subadvisory

fee

is paid

by

Advisers,

based

on

the Fund's

average

daily

net

assets,

and

is

not an

additional

expense

of

the

Fund.

b. #### Administrative

#### Fees
Under

an

agreement

with

Advisers,

FT

Services

provides

administrative

services

to

the

Funds.

The

fee

is

paid

by

Advisers

based

on

each

of the

Funds'

average

daily

net

assets,

and

is

not

an

additional

expense

of

the

Funds.

c. #### Distribution

#### Fees
The

Board

has

adopted

distribution

plans

for

each

share

class,

with

the

exception

of

Class

R6

and

Advisor

Class

shares,

pursuant

to

Rule

12b-1

under

the

1940

Act.

Under

the

Funds'

Class

A

reimbursement

distribution

plans,

the

Funds

reimburse

Distributors

for

costs

incurred

in

connection

with

the

servicing,

sale

and

distribution

of each

Fund's

shares

up

to

the

maximum

annual

plan

rate.

Under

the

Class

A

reimbursement

distribution

plans,

costs

exceeding

the

maximum

for

the

current

plan

year

cannot

be

reimbursed

in

subsequent

periods.

In

addition,

under

the

Funds'

Class

C

and

R compensation

distribution

plans,

the

Funds

pay

Distributors

for

costs

incurred

in

connection

with

the

servicing,

sale

and

distribution

of each

Fund's

shares

up

to

the

maximum

annual

plan

rate

for

each

class.

The

plan

year,

for

purposes

of

monitoring

compliance

with

the

maximum

annual

plan

rates,

is

February

through

January

for

each

Fund.

The

maximum

annual

plan

rates,

based

on

the

average

daily

net

assets,

for

each

class,

are

as

follows:

#### Annualized

#### Fee

#### Rate

#### Net

#### Assets
0.850%

Up

to

and

including

$500

million

0.800%

Over

$500

million,

up

to

and

including

$1

billion

0.750%

Over

$1

billion

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund
Gross

effective

investment

management

fee

rate

........

0.518%

0.669%

0.700%

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Gross

effective

investment

management

fee

rate

........

0.850%

3. #### Transactions

#### with

#### Affiliates
(continued)

a. #### Management

#### Fees
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

For

Templeton

International

Bond

Fund,

the

Board

has

set

the

current

rate

at

0.25%

per

year

for

Class

A

shares

until

further

notice

and

approval

by

the

Board.

d. #### Sales

#### Charges/Underwriting

#### Agreements
Front-end

sales

charges

and

contingent

deferred

sales

charges

(CDSC)

do

not

represent

expenses

of

the

Funds.

These

charges

are

deducted

from

the

proceeds

of

sales

of

fund

shares

prior

to

investment

or

from

redemption

proceeds

prior

to

remittance,

as

applicable.

Distributors

has

advised

the

Funds

of

the

following

commission

transactions

related

to

the

sales

and

redemptions

of

the

Funds'

shares

for

the

period:

e. #### Transfer

#### Agent

#### Fees
Each

class

of

shares

pays

transfer

agent

fees,

calculated

monthly

and

paid

monthly, to

Investor

Services

for

its

performance

of

shareholder

servicing

obligations. The

fees

are based

on

a

fixed

margin

earned

by

Investor

Services

and

are allocated

to

the Funds

based

upon

relative

assets

and

relative

transactions. In

addition,

each

class reimburses

Investor

Services

for

out

of

pocket

expenses

incurred

and,

except

for

Class

R6, reimburses

shareholder

servicing

fees

paid

to

third

parties.

These

fees

paid

to

third

parties

are

accrued

and

allocated

daily

based

upon

their

relative

proportion

of

such

classes'

aggregate

net

assets.

Class

R6

pays

Investor

Services

transfer

agent

fees

allocated

specifically

to

that

class

based

upon

its

relative

assets

and

relative

transactions.

For

the

period

ended

June

30,

2025,

the Funds

paid

transfer

agent

fees

as

noted

in

the

Statements of

Operations

of

which

the

following

amounts

were

retained

by

Investor

Services:

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Class

A

...............................

0.25%

0.25%

0.35%

0.25%

Class

C

...............................

0.65%

0.65%

0.65%

0.65%

Class

R

...............................

0.50%

0.50%

0.50%

0.50%

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Sales

charges

retained

net

of

commissions

paid

to

unaffiliated

brokers/dealers

..................

$4,760

$1,029

$112

$11

CDSC

retained

...........................

$3,655

$3,454

$319

$13

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Transfer

agent

fees

........................

$735,311

$65,232

$9,410

$4,166

3. #### Transactions

#### with

#### Affiliates
(continued)

c. #### Distribution

#### Fees
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

f. #### Investments

#### in

#### Affiliated

#### Management

#### Investment

#### Companies
Certain

or

all

Funds

invest

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

Funds

do

not

invest

for

purposes

of

exercising

a

controlling

influence

over

the

management

or

policies.

Management

fees

paid

by

the

Funds

are

waived

on

assets

invested

in

the

affiliated

management

investment

companies,

as

noted

in

the

Statements

of

Operations,

in

an

amount

not

to

exceed

the

management

and

administrative

fees,

if

applicable, paid

directly

or

indirectly

by

each

affiliate.

During

the

period

ended

June

30,

2025,

investments

in

affiliated

management

investment

companies

were

as

follows:

#### &nbsp;&nbsp;&nbsp;&nbsp;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&nbsp;&nbsp;&nbsp;&nbsp;

#### a

#### Templeton

#### Global

#### Bond

#### Fund

#### Non-Controlled

#### Affiliates
Dividends

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.332%

$269,210,359

$634,992,899

$(395,517,096)

$—

$—

$508,686,162

508,686,162

$7,321,698

#### Total

#### Affiliated

#### Securities

#### ...
$269,210,359

$634,992,899

$(395,517,096)

$—

$—

$508,686,162

$7,321,698

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Non-Controlled

#### Affiliates
Dividends

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.332%

$2,365,734

$71,353,641

$(38,739,883)

$—

$—

$34,979,492

34,979,492

$425,544

#### Total

#### Affiliated

#### Securities

#### ...
$2,365,734

$71,353,641

$(38,739,883)

$—

$—

$34,979,492

$425,544

#### Templeton

#### International

#### Bond

#### Fund

#### Non-Controlled

#### Affiliates
Dividends

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.332%

$3,907,515

$5,556,964

$(6,827,335)

$—

$—

$2,637,144

2,637,144

$77,714

#### Total

#### Affiliated

#### Securities

#### ...
$3,907,515

$5,556,964

$(6,827,335)

$—

$—

$2,637,144

$77,714

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund

#### Non-Controlled

#### Affiliates
Dividends

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.332%

$182,323

$9,112,874

$(8,124,895)

$—

$—

$1,170,302

1,170,302

$13,525

#### Total

#### Affiliated

#### Securities

#### ...
$182,323

$9,112,874

$(8,124,895)

$—

$—

$1,170,302

$13,525

3. #### Transactions

#### with

#### Affiliates
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

g. #### Waiver

#### and

#### Expense

#### Reimbursements
Advisers

has contractually

agreed

in

advance

to

waive

or

limit

its fees

and

to

assume

as

its

own

expense

certain

expenses

otherwise

payable

by Templeton

International

Bond

Fund so

that

the

operating expenses

(excluding

interest

expense,

distribution

fees

and acquired

fund

fees

and

expenses and

certain

non-routine

expenses

or

costs,

including

those

relating

to

litigation,

indemnification,

reorganizations,

and

liquidations)

for

each

class

of

the

Fund

do

not

exceed 0.74%

and

for

Class

R6

do

not

exceed

0.60%

based

on

the

average

net

assets

of

each

class

until April

30,

2026. Total

expenses

waived

or

paid

are

not

subject

to

recapture

subsequent

to

the

Fund's

fiscal

year

end.

Advisers has contractually

agreed

in

advance

to

waive

or

limit

its fees

and

to

assume

as

its

own

expense

certain

expenses

otherwise

payable

by Templeton

Sustainable

Emerging

Markets

Bond

Fund

so

that

the

operating expenses

(excluding

interest

expense,

distribution

fees

and acquired

fund

fees

and

expenses and

certain

non-routine

expenses

or

costs,

including

those

relating

to

litigation,

indemnification,

reorganizations,

and

liquidations)

for

each

class

of

the

Fund

do

not

exceed 0.89% based

on

the

average

net

assets

of

each

class

until April

30,

2026. Total

expenses

waived

or

paid

are

not

subject

to

recapture

subsequent

to

the

Fund's

fiscal

year

end.

Transfer

agent

fees

on

Class

R6

shares

of

the

Funds

have

been

capped

so

that

transfer

agent

fees

for

that

class

do

not

exceed

0.03%

based

on

the

average

net

assets

of

the

class

until

April

30,

2026. h. #### Other

#### Affiliated

#### Transactions
At

June

30,

2025,

Advisers owned 27.1%

of

Templeton

Sustainable

Emerging

Markets

Bond

Fund's

outstanding

shares.

4. #### Income

#### Taxes
For

tax

purposes,

capital

losses

may

be

carried

over

to

offset

future

capital

gains.

At

December

31,

2024,

the

capital

loss

carryforwards

were

as

follows:

For

tax

purposes,

the

Funds

may

elect

to

defer

any

portion

of

a

post-October

capital

loss

or

late-year

ordinary

loss

to

the

first

day

of

the

following

fiscal

year.

At December

31,

2024,

the

deferred

losses

were

as

follows:

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund

Capital

loss

carryforwards

not

subject

to

expiration:

Short

term

.............................

$

108,796,026

$

9,767,867

$

4,835,309

$

1,247,666

Long

term

.............................

2,553,100,885

565,178,334

19,593,453

2,694,552

Total

capital

loss

carryforwards

............

$2,661,896,911

$574,946,201

$24,428,762

$3,942,218

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Late-year

ordinary

loss

...........................

$60,957,778

$5,818,280

$320,057

$233,176

3. #### Transactions

#### with

#### Affiliates
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

At

June

30,

2025,

the

cost

of

investments

and

net

unrealized

appreciation

(depreciation)

for

income

tax

purposes

were

as

follows:

Differences

between

income

and/or

capital

gains

as

determined

on

a

book

basis

and

a

tax

basis

are

primarily

due

to

differing

treatments

of

foreign

currency

transactions,

wash

sales,

payments-in-kind,

bond

discounts

and

premiums,

derivative

financial

instruments

and

net

operating

losses.

5. #### Investment

#### Transactions
Purchases

and

sales

of

investments

(excluding

short

term

securities)

for

the

period

ended

June

30,

2025,

were

as

follows:

6. #### Credit

#### Risk

#### and

#### Defaulted

#### Securities
At

June

30,

2025, certain

or

all

Funds had a

portion of their

portfolio

invested

in

high

yield

or

other

securities

rated

below

investment

grade

and

unrated

securities.

These

securities

may

be

more

sensitive

to

economic

conditions

causing

greater

price

volatility

and

are

potentially

subject

to

a

greater

risk

of

loss

due

to

default

than

higher

rated

securities.

Certain

or

all

Funds held

defaulted

securities

and/or

other

securities

for

which

the

income

has

been

deemed

uncollectible.

At

June

30,

2025,

the

aggregate

value

of

these

securities

for Templeton

Global

Total

Return

Fund

and

Templeton

Sustainable

Emerging

Markets

Bond

Fund was

$0,

representing

0.0%

of

each

Fund's

net

assets.

The

Funds

discontinue

accruing

income

on

securities

for

which

income

has

been

deemed

uncollectible

and

provide

an

estimate

for

losses

on

interest

receivable.

The

securities

have

been

identified

in

the

accompanying

Schedules

of

Investments.

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
a

a

a

a

a

Cost

of

investments

.......................

$3,118,604,318

$293,462,487

$19,585,462

$14,323,160

Unrealized

appreciation

.....................

$149,584,222

$13,259,799

$985,925

$882,403

Unrealized

depreciation

.....................

(139,606,068)

(97,151,232)

(1,108,549)

(993,472)

Net

unrealized

appreciation

(depreciation)

.......

$9,978,154

$(83,891,433)

$(122,624)

$(111,069)

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Purchases

..............................

$414,776,190

$39,107,158

$2,647,987

$5,487,346

Sales

..................................

$806,571,446

$77,048,796

$3,440,489

$2,779,435

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Credit

risk

.....................................

21.1%

30.5%

28.4%

41.4%

4. #### Income

#### Taxes
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

7. #### 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.

8. #### Restricted

#### Securities
Certain

or

all

Funds

invest

in

securities

that

are

restricted

under

the

Securities

Act

of

1933

(1933

Act).

Restricted

securities

are

often

purchased

in

private

placement

transactions,

and

cannot

be

sold

without

prior

registration

unless

the

sale

is

pursuant

to

an

exemption

under

the

1933

Act.

Disposal

of

these

securities

may

require

greater

effort

and

expense,

and

prompt

sale

at

an

acceptable

price

may

be

difficult.

The

Funds

may

have

registration

rights

for

restricted

securities.

The

issuer

generally

incurs

all

registration

costs.

At

June

30,

2025,

investments

in

restricted

securities,

excluding

securities

exempt

from

registration

under

the

1933

Act,

were

as

follows:

#### Shares

#### Issuer

#### Acquisition

#### Date

#### Cost

#### Value

#### Templeton

#### Global

#### Total

#### Return

#### Fund
434,200,485

a

K2016470219

South

Africa

Ltd.,

A

...............

2/22/11

-

2/01/17

$

1,608,225

$

—

50,014,925

a

K2016470219

South

Africa

Ltd.,

B

...............

2/01/17

37,134

—

#### Total

#### Restricted

#### Securities
(Value

is

—%

of

Net

Assets)

#### ...............
$1,645,359

$—

#### Shares

#### Issuer

#### Acquisition

#### Date

#### Cost

#### Value

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
2,171,539

b

K2016470219

South

Africa

Ltd.,

A

...............

5/16/13

-

2/01/17

$

14,538

$

—

619,903

b

K2016470219

South

Africa

Ltd.,

B

...............

2/01/17

—

#### Total

#### Restricted

#### Securities
(Value

is

—%

of

Net

Assets)

#### ...............
$14,998

$—

a

The

Fund

also

invests

in

unrestricted

securities

of

the

issuer,

valued

at

$32,286

as

of

June

30,

2025. b

The

Fund

also

invests

in

unrestricted

securities

of

the

issuer,

valued

at

$186

as

of

June

30,

2025. Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

9. #### Other

#### Derivative

#### Information
At

June

30,

2025,

investments

in

derivative

contracts

are

reflected

in

the

Statements

of

Assets

and

Liabilities

as

follows:

#### Asset

#### Derivatives

#### Liability

#### Derivatives

#### Derivative

#### Contracts

#### Not

#### Accounted

#### for

#### as

#### Hedging

#### Instruments

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Location

#### Fair

#### Value

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Location

#### Fair

#### Value

#### Templeton

#### Global

#### Bond

#### Fund
Interest

rate

contracts

.......

Variation

margin

on

centrally

cleared

swap

contracts

$

—

Variation

margin

on

centrally

cleared

swap

contracts

$

3,641,250

a

Foreign

exchange

contracts

..

Investments

in

securities,

at

value

11,979,612

b

Options

written,

at

value

6,857,943

Unrealized

appreciation

on

OTC

forward

exchange

contracts

41,799,606

Unrealized

depreciation

on

OTC

forward

exchange

contracts

26,059,782

Total

....................

$53,779,218

$36,558,975

#### Templeton

#### Global

#### Total

#### Return

#### Fund
Interest

rate

contracts

.......

Variation

margin

on

centrally

cleared

swap

contracts

544

a

Variation

margin

on

centrally

cleared

swap

contracts

242,499

a

Foreign

exchange

contracts

..

Investments

in

securities,

at

value

784,025

b

Options

written,

at

value

448,813

Unrealized

appreciation

on

OTC

forward

exchange

contracts

3,700,642

Unrealized

depreciation

on

OTC

forward

exchange

contracts

1,063,977

Total

....................

$4,485,211

$1,755,289

#### Templeton

#### International

#### Bond

#### Fund
Foreign

exchange

contracts

..

Investments

in

securities,

at

value

81,072

b

Options

written,

at

value

46,401

Unrealized

appreciation

on

OTC

forward

exchange

contracts

427,798

Unrealized

depreciation

on

OTC

forward

exchange

contracts

314,839

Total

....................

$508,870

$361,240

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Interest

rate

contracts

.......

Variation

margin

on

centrally

cleared

swap

contracts

—

Variation

margin

on

centrally

cleared

swap

contracts

41,052

a

Foreign

exchange

contracts

..

Unrealized

appreciation

on

OTC

forward

exchange

contracts

209,225

Unrealized

depreciation

on

OTC

forward

exchange

contracts

126,488

Total

....................

$209,225

$167,540

a

This

amount

reflects

the

cumulative

appreciation

(depreciation)

of

centrally

cleared

swap

contracts

as

reported

in

the

Schedules

of

Investments.

Only

the

variation

margin

receivable/payable

at

period

end

is

separately

reported

within

the

Statements

of

Assets

and

Liabilities.

Prior

variation

margin

movements

were

recorded

to

cash

upon

receipt

or

payment.

b

Purchased

option

contracts

are

included

in

investments

in

securities,

at

value

in

the

Statements

of

Assets

and

Liabilities.

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

For

the

period

ended

June

30,

2025,

the

effect

of

derivative

contracts

in

the

Statements

of

Operations

was

as

follows:

#### Derivative

#### Contracts

#### Not

#### Accounted

#### for

#### as

#### Hedging

#### Instruments

#### Statement

#### of

#### Operations

#### Location

#### Net

#### Realized

#### Gain
(Loss)

#### for

#### the

#### Period

#### Statement

#### of

#### Operations

#### Location

#### Net

#### Change

#### in

#### Unrealized

#### Appreciation
(Depreciation)

#### for

#### the

#### Period

#### Templeton

#### Global

#### Bond

#### Fund
Net

realized

gain

(loss)

from:

Net

change

in

unrealized

&nbsp;&nbsp;&nbsp;&nbsp;appreciation

(depreciation)

on:

Interest

rate

contracts

..........

Swap

contracts

$(3,815,297)

Swap

contracts

$12,800,927

Foreign

exchange

contracts

.....

Investments

(12,454,552)

a

Investments

12,359,382

a

Written

options

8,810,136

Written

options

6,406,920

Forward

exchange

contracts

(4,581,642)

Forward

exchange

contracts

37,400,530

Total

.......................

$(12,041,355)

$68,967,759

#### Templeton

#### Global

#### Total

#### Return

#### Fund
Net

realized

gain

(loss)

from:

Net

change

in

unrealized

&nbsp;&nbsp;&nbsp;&nbsp;appreciation

(depreciation)

on:

Interest

rate

contracts

..........

Swap

contracts

(70,463)

Swap

contracts

290,559

Foreign

exchange

contracts

.....

Investments

(618,115)

a

Investments

625,171

a

Written

options

484,001

Written

options

422,590

Forward

exchange

contracts

(830,142)

Forward

exchange

contracts

5,632,854

Total

.......................

$(1,034,719)

$6,971,174

#### Templeton

#### International

#### Bond

#### Fund
Net

realized

gain

(loss)

from:

Net

change

in

unrealized

&nbsp;&nbsp;&nbsp;&nbsp;appreciation

(depreciation)

on:

Foreign

exchange

contracts

.....

Investments

(63,920)

a

Investments

64,661

a

Written

options

50,067

Written

options

43,702

Forward

exchange

contracts

22,152

Forward

exchange

contracts

225,418

Total

.......................

$8,299

$333,781

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Net

realized

gain

(loss)

from:

Net

change

in

unrealized

&nbsp;&nbsp;&nbsp;&nbsp;appreciation

(depreciation)

on:

Interest

rate

contracts

..........

Swap

contracts

2,295

Swap

contracts

43,869

Foreign

exchange

contracts

.....

Forward

exchange

contracts

109,631

Forward

exchange

contracts

247,491

Total

.......................

$111,926

$291,360

9. #### Other

#### Derivative

#### Information
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

a

Purchased

option

contracts

are

included

in

net

realized

gain

(loss)

from

investments

and

net

change

in

unrealized

appreciation

(depreciation)

on

investments

in

the

Statements

of

Operations.

For

the

period

ended

June

30,

2025,

the

average

month

end

notional

amount

of

swap

contracts

and

options,

and

the

average

month

end

contract

value

of

forward

exchange

contracts,

were

as

follows:

At

June

30,

2025,

the

Funds'

OTC

derivative

assets

and

liabilities

are

as

follows:

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Swap

contracts

..........................

$

229,115,714

$

7,618,423

$

–

$

593,110

Forwards

exchange

contracts

...............

2,285,106,601

184,689,292

17,

,

6,704,545

Options

................................

4,580,490,286

279,950,143

28,946,429

–

#### Gross

#### Amounts

#### of

#### Assets

#### and

#### Liabilities

#### Presented

#### in

#### the

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Assets

#### a

#### Liabilities

#### a

#### Templeton

#### Global

#### Bond

#### Fund
Forward

Exchange

Contracts

.............................

$

41,799,606

$

26,059,782

Options

Purchased

....................................

11,979,612

—

Options

Written

.......................................

—

6,857,943

Total

.............................................

$53,779,218

$32,917,725

#### Templeton

#### Global

#### Total

#### Return

#### Fund
Forward

Exchange

Contracts

.............................

3,700,642

1,063,977

Options

Purchased

....................................

784,025

—

Options

Written

.......................................

—

448,813

Total

.............................................

$4,484,667

$1,512,790

#### Templeton

#### International

#### Bond

#### Fund
Forward

Exchange

Contracts

.............................

427,798

314,839

Options

Purchased

....................................

81,072

—

Options

Written

.......................................

—

46,401

Total

.............................................

$508,870

$361,240

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
Forward

Exchange

Contracts

.............................

209,225

126,488

Total

.............................................

$209,225

$126,488

a

Absent

an

event

of

default

or

early

termination,

OTC

derivative

assets

and

liabilities

are

presented

gross

and

not

offset

in

the

Statements

of

Assets

and

Liabilities.

9. #### Other

#### Derivative

#### Information
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

At

June

30,

2025,

OTC

derivative

assets,

which

may

be

offset

against

OTC

derivative

liabilities

and

collateral

received

from

the

counterparty,

are

as

follows:

#### Amounts

#### Not

#### Offset

#### in

#### the

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Gross

#### Amounts

#### of

#### Assets

#### Presented

#### in

#### the

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Financial

#### Instruments

#### Available

#### for

#### Offset

#### Financial

#### Instruments

#### Collateral

#### Received

#### a

#### Cash

#### Collateral

#### Received

#### b

#### Net

#### Amount

#### (Not

#### less

#### than

#### zero)

#### Templeton

#### Global

#### Bond

#### Fund

#### Counterparty
BNDP

...................

$

19,766,490

$

(7,373,672)

$

(12,392,818)

$

—

$

—

BOFA

....................

—

—

—

—

—

BZWS

...................

—

—

—

—

—

CITI

.....................

—

—

—

—

—

DBAB

...................

5,461,046

(826,113)

(3,680,308)

—

954,625

HSBK

...................

13,430,135

(528,303)

—

(11,390,000)

1,511,832

JPHQ

...................

887,553

(887,553)

—

—

—

MSCO

...................

14,233,994

(7,565,964)

(3,646,004)

—

3,022,026

Total

...................

$53,779,218

$(17,181,605)

$(19,719,130)

$(11,390,000)

$5,488,483

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Counterparty
BNDP

...................

472,618

(191,776)

(280,842)

—

—

BOFA

....................

—

—

—

—

—

BZWS

...................

—

—

—

—

—

CITI

.....................

—

—

—

—

—

DBAB

...................

1,728,654

(209,283)

(1,351,285)

—

168,086

HSBK

...................

322,483

(3,894)

—

(220,000)

98,589

JPHQ

...................

705,493

(365,086)

—

—

340,407

MSCO

...................

1,255,419

(467,361)

(511,823)

—

276,235

Total

...................

$4,484,667

$(1,237,400)

$(2,143,950)

$(220,000)

$883,317

#### Templeton

#### International

#### Bond

#### Fund

#### Counterparty
BNDP

...................

42,644

(42,644)

—

—

—

BOFA

....................

40,166

(40,166)

—

—

—

BZWS

...................

6,399

(6,399)

—

—

—

CITI

.....................

9,416

(9,416)

—

—

—

DBAB

...................

37,002

(6,256)

—

—

30,746

GSCO

...................

141,975

(18,135)

—

—

123,840

HSBK

...................

68,792

(12,259)

—

—

56,533

JPHQ

...................

71,092

(71,092)

—

—

—

MSCO

...................

91,384

(49,948)

—

—

41,436

Total

...................

$508,870

$(256,315)

$—

$—

$252,555

9. #### Other

#### Derivative

#### Information
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

At

June

30,

2025,

OTC

derivative

liabilities,

which

may

be

offset

against

OTC

derivative

assets

and

collateral

pledged

to

the

counterparty,

are

as

follows:

#### Amounts

#### Not

#### Offset

#### in

#### the

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Gross

#### Amounts

#### of

#### Assets

#### Presented

#### in

#### the

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Financial

#### Instruments

#### Available

#### for

#### Offset

#### Financial

#### Instruments

#### Collateral

#### Received

#### a

#### Cash

#### Collateral

#### Received

#### b

#### Net

#### Amount

#### (Not

#### less

#### than

#### zero)

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund

#### Counterparty
BNDP

...................

$

3,895

$

(3,895)

$

—

$

—

$

—

BOFA

....................

—

—

—

—

—

BZWS

...................

—

—

—

—

—

CITI

.....................

83,558

—

—

—

83,558

DBAB

...................

13,644

(7,818)

—

—

5,826

GSCO

...................

26,722

(89) —

—

26,633

HSBK

...................

11,262

—

—

—

11,262

JPHQ

...................

57,416

(55,662)

—

—

1,754

MSCO

...................

12,728

—

—

—

12,728

Total

...................

$209,225

$(67,464)

$—

$—

$141,761

#### 4

#### Amounts

#### Not

#### Offset

#### in

#### the

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Gross

#### Amounts

#### of

#### Liabilities

#### Presented

#### in

#### the

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Financial

#### Instruments

#### Available

#### for

#### Offset

#### Financial

#### Instruments

#### Collateral

#### Pledged

#### Cash

#### Collateral

#### Pledged

#### b

#### Net

#### Amount

#### (Not

#### less

#### than

#### zero)

#### Templeton

#### Global

#### Bond

#### Fund

#### Counterparty
BNDP

...................

$

7,373,672

$

(7,373,672)

$

—

$

—

$

—

BOFA

....................

4,289,373

—

—

(4,100,000)

189,373

BZWS

...................

4,886,088

—

—

(4,490,000)

396,088

CITI

.....................

714,985

—

—

(610,000)

104,985

DBAB

...................

826,113

(826,113)

—

—

—

HSBK

...................

528,303

(528,303)

—

—

—

JPHQ

...................

6,733,227

(887,553)

—

(5,150,483)

695,191

MSCO

...................

7,565,964

(7,565,964)

—

—

—

Total

...................

$32,917,725

$(17,181,605)

$—

$(14,350,483)

$1,385,637

9. #### Other

#### Derivative

#### Information
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

#### Amounts

#### Not

#### Offset

#### in

#### the

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Gross

#### Amounts

#### of

#### Liabilities

#### Presented

#### in

#### the

#### Statement

#### of

#### Assets

#### and

#### Liabilities

#### Financial

#### Instruments

#### Available

#### for

#### Offset

#### Financial

#### Instruments

#### Collateral

#### Pledged

#### Cash

#### Collateral

#### Pledged

#### b

#### Net

#### Amount

#### (Not

#### less

#### than

#### zero)

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Counterparty
BNDP

...................

$

191,776

$

(191,776)

$

—

$

—

$

—

BOFA

....................

105,514

—

—

(105,514)

—

BZWS

...................

120,237

—

—

(10,000)

110,237

CITI

.....................

49,639

—

—

—

49,639

DBAB

...................

209,283

(209,283)

—

—

—

HSBK

...................

3,894

(3,894)

—

—

—

JPHQ

...................

365,086

(365,086)

—

—

—

MSCO

...................

467,361

(467,361)

—

—

—

Total

...................

$1,512,790

$(1,237,400)

$—

$(115,514)

$159,876

#### Templeton

#### International

#### Bond

#### Fund

#### Counterparty
BNDP

...................

43,022

(42,644)

—

—

BOFA

....................

50,877

(40,166)

—

—

10,711

BZWS

...................

41,678

(6,399)

—

—

35,279

CITI

.....................

12,598

(9,416)

—

—

3,182

DBAB

...................

6,256

(6,256)

—

—

—

GSCO

...................

18,135

(18,135)

—

—

—

HSBK

...................

12,259

(12,259)

—

—

—

JPHQ

...................

126,467

(71,092)

—

—

55,375

MSCO

...................

49,948

(49,948)

—

—

—

Total

...................

$361,240

$(256,315)

$—

$—

$104,925

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund

#### Counterparty
BNDP

...................

21,595

(3,895)

—

—

17,700

BOFA

....................

19,293

—

—

—

19,293

BZWS

...................

22,031

—

—

—

22,031

CITI

.....................

—

—

—

—

—

DBAB

...................

7,818

(7,818)

—

—

—

GSCO

...................

(89) —

—

—

HSBK

...................

—

—

—

—

—

JPHQ

...................

55,662

(55,662)

—

—

—

MSCO

...................

—

—

—

—

—

Total

...................

$126,488

$(67,464)

$—

$—

$59,024

9. #### Other

#### Derivative

#### Information
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

See

Note

1(d)

regarding

derivative

financial

instruments.

See

Abbreviations

on

.

10. #### Credit

#### Facility
The

Funds,

together

with

other

U.S.

registered

and

foreign

investment

funds

(collectively,

Borrowers),

managed

by

Franklin

Templeton,

are

borrowers

in

a

joint

syndicated

senior

unsecured

credit

facility

totaling

$2.995

billion

(Global

Credit

Facility)

which

matures

on

January

30,

2026. This

Global

Credit

Facility

provides

a

source

of

funds

to

the

Borrowers

for

temporary

and

emergency

purposes,

including

the

ability

to

meet

future

unanticipated

or

unusually

large

redemption

requests.

Under

the

terms

of

the

Global

Credit

Facility,

the

Funds

may,

in

addition

to

interest

charged

on

any

borrowings

made

by

the

Funds

and

other

costs

incurred

by

the

Funds,

pay

their

share

of

fees

and

expenses

incurred

in

connection

with

the

implementation

and

maintenance

of

the

Global

Credit

Facility,

based

upon

their

relative

share

of

the

aggregate

net

assets

of

all

of

the

Borrowers,

including

an

annual

commitment

fee

of

0.15%

based

upon

the

unused

portion

of

the

Global

Credit

Facility.

These

fees

are

reflected

in

other

expenses

in

the

Statements

of

Operations.

During

the

period ended

June

30,

2025,

the

Funds

did

not

use

the

Global

Credit

Facility.

11. #### Fair

#### Value

#### Measurements
The Funds

follow

a

fair

value

hierarchy

that

distinguishes

between

market

data

obtained

from

independent

sources

(observable

inputs)

and

the Funds'

own

market

assumptions

(unobservable

inputs).

These

inputs

are

used

in

determining

the

value

of

the Funds' financial

instruments

and

are

summarized

in

the

following

fair

value

hierarchy:

Level

–

quoted

prices

in

active

markets

for

identical

financial

instruments

Level

–

other

significant

observable

inputs

(including

quoted

prices

for

similar

financial

instruments,

interest

rates,

prepayment

speed,

credit

risk,

etc.)

Level

–

significant

unobservable

inputs

(including

the Funds'

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

June

30,

2025,

in

valuing

the

Funds'

assets

and

liabilities carried

at

fair

value,

is

as

follows:

a

At

June

30,

2025,

the

Fund

received

U.S

Treasury

Bills,

Bonds

and

Notes

as

collateral

for

derivatives.

b

In

some

instances,

the

collateral

amounts

disclosed

in

the

table

above

were

adjusted

due

to

the

requirement

to

limit

the

collateral

amounts

to

avoid

the

effect

of

overcollateralization.

Actual

collateral

received

and/or

pledged

may

be

more

than

the

amounts

disclosed

herein.

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Total

#### Templeton

#### Global

#### Bond

#### Fund

#### Assets:
Investments

in

Securities:

a

Foreign

Government

and

Agency

Securities

....

$

—

$

2,497,569,386

$

—

$

2,497,569,386

U.S.

Government

and

Agency

Securities

.......

—

105,106,681

—

105,106,681

Options

Purchased

.......................

—

11,979,612

—

11,979,612

Short

Term

Investments

...................

508,686,162

—

—

508,686,162

Total

Investments

in

Securities

...........

$508,686,162

$2,614,655,679

$—

$3,123,341,841

9. #### Other

#### Derivative

#### Information
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Total

#### Templeton

#### Global

#### Bond

#### Fund
(continued)

#### Assets:
(continued)

Other

Financial

Instruments:

Forward

Exchange

Contracts

...............

$—

$41,799,606

$—

$41,799,606

Total

Other

Financial

Instruments

.........

$—

$41,799,606

$—

$41,799,606

#### Liabilities:
Other

Financial

Instruments:

Options

Written

..........................

$—

$6,857,943

$—

$6,857,943

Forward

Exchange

Contracts

...............

—

26,059,782

—

26,059,782

Swap

Contracts

.........................

—

3,641,250

—

3,641,250

Total

Other

Financial

Instruments

.........

$—

$36,558,975

$—

$36,558,975

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Assets:
Investments

in

Securities:

a

Common

Stocks

........................

—

—

—

b

—

Corporate

Bonds

........................

—

—

—

b

—

Foreign

Government

and

Agency

Securities

....

—

161,597,987

—

161,597,987

U.S.

Government

and

Agency

Securities

.......

—

5,138,648

—

5,138,648

Escrows

and

Litigation

Trusts

...............

—

—

32,286

32,286

Options

Purchased

.......................

—

784,025

—

784,025

Short

Term

Investments

...................

34,979,492

5,092,719

—

40,072,211

Total

Investments

in

Securities

...........

$34,979,492

$172,613,379

$32,286

$207,625,157

Other

Financial

Instruments:

Forward

Exchange

Contracts

...............

$—

$3,700,642

$—

$3,700,642

Swap

Contracts

.........................

—

544

—

544

Total

Other

Financial

Instruments

.........

$—

$3,701,186

$—

$3,701,186

#### Liabilities:
Other

Financial

Instruments:

Options

Written

..........................

$—

$448,813

$—

$448,813

Forward

Exchange

Contracts

...............

—

1,063,977

—

1,063,977

Swap

Contracts

.........................

—

242,499

—

242,499

Total

Other

Financial

Instruments

.........

$—

$1,755,289

$—

$1,755,289

#### Templeton

#### International

#### Bond

#### Fund

#### Assets:
Investments

in

Securities:

a

Foreign

Government

and

Agency

Securities

....

—

15,235,174

—

15,235,174

Options

Purchased

.......................

—

81,072

—

81,072

Short

Term

Investments

...................

2,637,144

1,442,890

—

4,080,034

Total

Investments

in

Securities

...........

$2,637,144

$16,759,136

$—

$19,396,280

Other

Financial

Instruments:

Forward

Exchange

Contracts

...............

$—

$427,798

$—

$427,798

Total

Other

Financial

Instruments

.........

$—

$427,798

$—

$427,798

#### Liabilities:
Other

Financial

Instruments:

Options

Written

..........................

$—

$46,401

$—

$46,401

Forward

Exchange

Contracts

...............

—

314,839

—

314,839

Total

Other

Financial

Instruments

.........

$—

$361,240

$—

$361,240

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund

#### Assets:
Investments

in

Securities:

a

Common

Stocks

........................

—

—

—

b

—

Corporate

Bonds

........................

—

—

417,804

b

417,804

11. #### Fair

#### Value

#### Measurements
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

#### Level

#### 1

#### Level

#### 2

#### Level

#### 3

#### Total

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
(continued)

#### Assets:
(continued)

Investments

in

Securities:

a

(continued)

Foreign

Government

and

Agency

Securities

:

Benin

................................

$

—

$

171,477

$

—

$

171,477

Brazil

................................

—

1,439,862

—

1,439,862

Colombia

.............................

—

479,612

—

479,612

Ecuador

..............................

—

451,727

—

451,727

Egypt

................................

—

87,701

—

87,701

Ghana

...............................

—

300,363

—

300,363

India

................................

—

1,002,424

—

1,002,424

Ivory

Coast

...........................

—

355,933

—

355,933

Mexico

..............................

—

551,445

—

551,445

Namibia

..............................

—

1,465,860

—

1,465,860

Oman

...............................

—

394,008

—

394,008

Panama

..............................

—

528,280

—

528,280

Peru

................................

—

438,618

—

438,618

Philippines

............................

—

449,206

—

449,206

Poland

...............................

—

1,042,944

—

1,042,944

Serbia

...............................

—

772,518

—

772,518

Seychelles

............................

—

142,394

—

142,394

Supranational

.........................

—

1,613,220

252,810

1,866,030

Uruguay

.............................

—

—

—

—

Escrows

and

Litigation

Trusts

...............

—

—

Short

Term

Investments

...................

1,170,302

641,712

—

1,812,014

Total

Investments

in

Securities

...........

$1,170,302

$12,329,304

$670,800

$14,170,406

Other

Financial

Instruments:

Forward

Exchange

Contracts

...............

$—

$209,225

$—

$209,225

Total

Other

Financial

Instruments

.........

$—

$209,225

$—

$209,225

#### Liabilities:
Other

Financial

Instruments:

Forward

Exchange

Contracts

...............

$

—

$

126,488

$

—

$

126,488

Swap

Contracts

.........................

—

41,052

—

41,052

Total

Other

Financial

Instruments

.........

$—

$167,540

$—

$167,540

a

For

detailed

categories,

see

the

accompanying

Schedule

of

Investments.

b

Includes

financial

instruments

determined

to

have

no

value.

11. #### Fair

#### Value

#### Measurements
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

A

reconciliation

in

which

Level

inputs

are

used

in

determining

fair

value

is

presented

when

there

are

significant

Level

assets

and/or

liabilities

at

the

beginning

and/or

end

of

the period.

At

June

30,

2025,

the

reconciliations

are

as

follows:

Significant

unobservable

valuation

inputs

for

material

Level

assets

and/or

liabilities

and

impact

to

fair

value

as

a

result

of

changes

in

unobservable

valuation

inputs

as

of

June

30,

2025,

are

as

follows:

#### Balance

#### at

#### Beginning

#### of

#### Period

#### Purchases

#### a

#### Sales

#### b

#### Transfer

#### Into

#### Level

#### 3

#### Transfer

#### Out

#### of

#### Level

#### 3

#### Net

#### Accretion

#### (Amortiza-

#### tion)

#### Net

#### Realized

#### Gain
(Loss)

#### Net

#### Unr

#### ealized

#### Appreciation
(Depreciation)

#### Balance

#### at

#### End

#### of

#### Period

#### Net

#### Change

#### in

#### Unrealized

#### Appreciation
(Depreciation)

#### on

#### Assets

#### Held

#### at

#### Period

#### End

#### a

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund

#### Assets:
Investments

in

Securities:

Common

Stocks

:

South

Africa

..

$

—

c

$

—

$

—

$

—

$

—

$

—

$

—

$

—

$

—

c

$

—

Corporate

Bonds

:

Costa

Rica

...

423,913

—

(15,840)

—

—

—

—

9,731

417,804

9,842

South

Africa

..

—

c

—

—

—

—

—

—

—

—

c

—

Foreign

Government

and

Agency

Securities

:

Supranational

.

—

271,523

—

—

—

(1,526)

—

(17,187)

252,810

(17,187)

Escrows

and

Litigation

Trusts

—

c

—

—

—

—

—

—

Total

Investments

in

Securities

.......

$423,913

$271,523

$(15,840)

$—

$—

$(1,526)

$—

$(7,270)

$670,800

$(7,159)

a

Purchases

include

all

purchases

of

securities

and

securities

received

in

corporate

actions.

b

Sales

include

all

sales

of

securities,

maturities,

paydowns

and

securities

tendered

in

corporate

actions.

c

Includes

financial

instruments

determined

to

have

no

value.

#### Description

#### Fair

#### Value

#### at

#### End

#### of

#### Period

#### Valuation

#### Technique

#### Unobservable

#### Inputs

#### Amount

#### Impact

#### to

#### Fair

#### Value

#### if

#### Input

#### Increases

#### a

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund

#### Assets:
Investments

in

Securities:

Corporate

Bonds:

Costa

Rica

..............

$417,804

Discounted

cash

flow

Discount

rate

b

7.2%

Decrease

All

Other

......................

252,996

c,d,e

Total

.....................

$670,800

a

Represents

the

directional

change

in

the

fair

value

of

the

Level

financial

instruments

that

would

result

from

a

significant

and

reasonable

increase

in

the

corresponding

input.

A

significant

and

reasonable

decrease

in

the

input

would

have

the

opposite

effect.

Significant

increases

and

decreases

in

these

inputs

in

isolation

could

result

in

significantly

higher

or

lower

fair

value

measurements.

b

The

discount

rate

is

comprised

of

the

risk-free

rate,

the

10-year

Costa

Rican

CDS

spread,

and

an

incremental

issuer

credit

spread

combined

to

arrive

at

an

8%

yield

on

issue

date

for

an

8%

coupon

bond

issued

at

par.

The

incremental

issuer

spread

is

further

adjusted

to

reflect

the

current

market

spread

for

similar

credits

above

the

Costa

Rican

credit

spread.

11. #### Fair

#### Value

#### Measurements
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

12. #### Operating

#### Segments
The Funds

have

adopted

the

FASB

Accounting

Standards

Update

(ASU)

2023-07,

*Segment* 

*Reporting* 

*(Topic* 

*280)* 

*-* 

*Improvements* 

*to* 

*Reportable* 

*Segment* 

*Disclosures.*

The

update

is

limited

to

disclosure

requirements

and

does

not

impact

the Funds'

financial

position

or

results

of

operations.

Each

Fund

operates

as

a

single

operating

segment,

which

is

an

investment

portfolio.

The

Funds'

Investment

manager

serves

as

the

Chief

Operating

Decision

Maker

(CODM),

evaluating

fund-wide

results

and

performance

under

a

unified

investment

strategy.

The

CODM

uses

these

measures

to

assess

fund

performance

and

allocate

resources

effectively.

Internal

reporting

provided

to

the

CODM

aligns

with

the

accounting

policies

and

measurement

principles

used

in

the

financial

statements.

For

information

regarding

segment

assets,

segment

profit

or

loss,

and

significant

expenses,

refer

to

the

Statements

of

Assets

and

Liabilities

and

the

Statements

of

Operations,

along

with

the

related

notes

to

the

financial

statements.

The

Schedules

of

Investments

provides

details

of

the

Funds'

investments

that

generate

returns

such

as

interest,

dividends,

and

realized

and

unrealized

gains

or

losses.

Performance

metrics,

including

portfolio

turnover

and

expense

ratios,

are

disclosed

in

the

Financial

Highlights.

13. #### New

#### Accounting

#### Pronouncements
In

December

2023,

the

FASB

issued

ASU

No.

2023-09,

Income

Taxes

(Topic

740)

–

Improvements

to

Income

Tax

Disclosures.

The

amendments

enhance

income

tax

disclosures

by

requiring

greater

disaggregation

in

the

rate

reconciliation

and

income

taxes

paid

by

jurisdiction,

while

removing

certain

disclosure

requirements.

The

ASU

is

effective

for

annual

periods

beginning

after

December

15,

2024,

with

early

adoption

permitted.

Management

is

currently

evaluating

the

impact

and

believes

that

the

adoption

of

the

ASU

will

not

have

a

material

impact

on

the

financial

statements.

14. #### Subsequent

#### Events
The

Funds

have

evaluated

subsequent

events

through

the

issuance

of

the

financial

statements

and

determined

that

in

addition

to

those

events

previously

disclosed,

the

following

subsequent

event

requires

disclosure:

On

May

29,

2025

,

the

Board

for

Templeton

International

Bond

Fund

approved

a

proposal

to

liquidate

the

Fund.

The

Fund

liquidated

on

August

8,

2025. c

Includes

the

fair

value

of

immaterial

assets

and/or

liabilities

developed

using

various

valuation

techniques

and

unobservable

inputs

d

Includes

the

fair

value

of

assets

and/or

liabilities

derived

from

recent

transactions,

private

transaction

prices,

or

non-public

third-party

pricing

information

that

is

unobservable.

e

Includes

financial

instruments

determined

to

have

no

value.

11. #### Fair

#### Value

#### Measurements
(continued)

Templeton

Income

Trust

Notes

to

Financial

Statements

(unaudited)

franklintempleton.com

Semiannual

Report

#### 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

#### Cu

#### r

#### rency

#### AUD
Australian

Dollar

#### BRL
Brazilian

Real

#### COP
Colombian

Peso

#### EGP
Egyptian

Pound

#### EUR
Euro

#### GHS
Ghanaian

Cedi

#### INR
Indian

Rupee

#### JPY
Japanese

Yen

#### KRW
South

Korean

Won

#### KZT
Kazakhstani

Tenge

#### MXN
Mexican

Peso

#### MYR
Malaysian

Ringgit

#### NAD
Update

#### NGN
Nigerian

Naira

#### NOK
Norwegian

Krone

#### PEN
Peruvian

Nuevo

Sol

#### PHP
Philippine

Peso

#### PLN
Polish

Zloty

#### RSD
Serbian

Dinar

#### USD
United

States

Dollar

#### UYU
Uruguayan

Peso

#### UZS
Uzbekistani

Som

#### ZAR
South

African

Rand

#### Selected

#### Portfolio

#### CDI
certificado

de

deposito

interbancario

#### PIK
Payment-In-Kind

#### SOFR
Secured

Overnight

Financing

Rate

The

following

reference

rates,

and

their

values

as

of

period

end,

are

used

for

security

descriptions:

#### Reference

#### Index

#### Reference

#### Rate
1-day

BRL

CDI

......................

14.90%

1-day

SOFR

........................

4.45%

Templeton

Income

Trust

franklintempleton.com

Semiannual

Report

#### TEMPLETON

#### INCOME

#### TRUST

#### Templeton

#### Global

#### Bond

#### Fund

#### Templeton

#### Global

#### Total

#### Return

#### Fund

#### Templeton

#### International

#### Bond

#### Fund

#### Templeton

#### Sustainable

#### Emerging

#### Markets

#### Bond

#### Fund
(each

a

Fund)

At

an

in-person

meeting

held

on

May

29,

2025

(Meeting),

the

Board

of

Trustees

(Board)

of

Templeton

Income

Trust

(Trust),

including

a

majority

of

the

trustees

who

are

not

"interested

persons"

as

defined

in

the

Investment

Company

Act

of

1940

(Independent

Trustees),

reviewed

and

approved

the

continuance

of

the

investment

management

agreement

between

Franklin

Advisers,

Inc.

(FAI)

and

the

Trust,

on

behalf

of

each

Fund

and

an

investment

sub-advisory

agreement

between

FAI

and

Templeton

Asset

Management

Ltd.

(Sub-Adviser),

an

affiliate

of

FAI,

on

behalf

of

the

Templeton

Sustainable

Emerging

Markets

Bond

Fund

(each

a

Management

Agreement)

for

an

additional

one-year

period.

The

Independent

Trustees

received

advice

from

and

met

separately

with

Independent

Trustee

counsel

to

consider

the

renewal

of

each

Management

Agreement.

Although

the

Management

Agreements

for

the

Funds

were

considered

at

the

same

Board

meeting,

the

Board

considered

the

information

provided

to

it

about

the

Funds

together

and

with

respect

to

each

Fund

separately

as

the

Board

deemed

appropriate.

FAI

and

the

Sub-Adviser

are

each

referred

to

herein

as

a

Manager.

In

considering

the

continuance

of

each

Management

Agreement,

the

Board

reviewed

and

considered

information

provided

by

each

Manager

at

the

Meeting

and

throughout

the

year

at

meetings

of

the

Board

and

its

committees.

The

Board

also

reviewed

and

considered

information

provided

in

response

to

a

detailed

set

of

requests

for

information

submitted

to

the

Managers

by

Independent

Trustee

counsel

on

behalf

of

the

Independent

Trustees

in

connection

with

the

annual

contract

renewal

process.

In

addition,

prior

to

the

Meeting,

the

Independent

Trustees

held

a

virtual

contract

renewal

meeting

at

which

the

Independent

Trustees

first

conferred

amongst

themselves

and

Independent

Trustee

counsel

about

contract

renewal

matters,

and

then

met

with

management

to

request

additional

information

that

the

Independent

Trustees

also

considered

prior

to

and

at

the

Meeting.

On

several

occasions,

both

prior

to,

and

at

the

Meeting,

the

Independent

Trustees

met

with

senior

executives

of

Franklin

#### Changes

#### In

#### and

#### Disagreements

#### with

#### Accountants
For

the

period

covered

by

this

report

Not

applicable.

#### Results

#### of

#### Meeting(s)

#### of

#### Shareholders
For

the

period

covered

by

this

report

Not

applicable.

#### Remuneration

#### Paid

#### to

#### Directors,

#### Officers

#### and

#### Others
For

the

period

covered

by

this

report

Refer

to

the

financial

statements

included

herein.

Remuneration

to

officers

is

paid

by

the

Fund's

investment

manager

according

to

the

terms

of

the

agreement.

#### Board

#### Approval

#### of

#### Management

#### and

#### Subadvisory

#### Agreements
For

the

period

covered

by

this

report

Templeton

Income

Trust

franklintempleton.com

Semiannual

Report

Resources,

Inc.

(FRI),

the

Managers'

parent,

to

discuss

management's

perspectives

on

and

ask

questions

regarding

the

performance

of

the

Funds

and

future

business

strategies

to

address

Fund

underperformance.

The

Board

further

considered

all

of

the

factors

it

deemed

relevant

in

approving

the

continuance

of

each

Management

Agreement,

including,

but

not

limited

to:

(i) the

nature,

extent

and

quality

of

the

services

provided

by

each

Manager;

(ii) the

investment

performance

of

each

Fund;

(iii) the

costs

of

the

services

provided

and

profits

realized

by

each

Manager

and

its

affiliates

from

the

relationship

with

each

Fund;

(iv) the

extent

to

which

economies

of

scale

are

realized

as

each

Fund

grows;

and

(v) whether

fee

levels

reflect

these

economies

of

scale

for

the

benefit

of

Fund

investors.

In

approving

the

continuance

of

each

Management

Agreement,

the

Board,

including

a

majority

of

the

Independent

Trustees,

determined,

through

the

exercise

of

its

business

judgment,

that

the

terms

of

each

Management

Agreement

are

fair

and

reasonable

and

that

the

continuance

of

each

Management

Agreement

is

in

the

best

interests

of

the

applicable

Fund

and

its

shareholders.

While

attention

was

given

to

all

information

furnished,

the

following

discusses

some

primary

factors

relevant

to

the

Board's

determination.

#### Nature,

#### Extent

#### and

#### Quality

#### of

#### Services
The

Board

reviewed

the

information

it

received

regarding

the

nature,

extent

and

quality

of

investment

management

services

provided

by

each

Manager

and

its

affiliates

to

the

Funds

and

their

shareholders.

This

information

included,

among

other

things,

the

qualifications,

background

and

experience

of

the

senior

management

and

investment

personnel

of

each

Manager,

as

well

as

information

on

succession

planning

where

appropriate;

the

structure

of

investment

personnel

compensation;

oversight

of

third-party

service

providers;

investment

performance

reports

and

related

financial

information

for

each

Fund;

reports

on

expenses

and

shareholder

services;

legal

and

compliance

matters;

risk

controls;

pricing

and

other

services

provided

by

each

Manager

and

its

affiliates;

and

management

fees

charged

by

each

Manager

and

its

affiliates

to

US

funds

and

other

accounts,

including

management's

explanation

of

differences

among

accounts

where

relevant.

The

Board

also

reviewed

and

considered

an

annual

report

on

payments

made

by

Franklin

Templeton

(FT)

or

the

Funds

to

financial

intermediaries,

as

well

as

a

memorandum

relating

to

third-party

servicing

arrangements.

The

Board

acknowledged

the

ongoing

integration

of

acquired

third-party

fund

families

into

the

FT

family

of

funds

and

management's

continued

development

of

strategies

to

address

evolving

changes

in

domestic

policy

and

continuing

geopolitical

concerns.

The

Board

also

reviewed

and

considered

the

benefits

provided

to

Fund

shareholders

of

investing

in

a

fund

that

is

part

of

the

FT

family

of

funds.

The

Board

noted

the

financial

position

of

FRI

and

its

commitment

to

the

mutual

fund

business

as

evidenced

by

its

continued

reassessment

of

the

fund

offerings

in

response

to

FT

acquisitions

and

the

market

environment,

as

well

as

its

evaluation

of

ways

to

incorporate

private

assets

into

more

traditional

investment

vehicles.

The

Board

specifically

noted

FT's

commitment

to

technological

innovation

and

advancement,

including

its

continued

focus

on

developing

potential

use

cases

for

tokenization

and

the

blockchain

and

the

use

of

artificial

intelligence

tools

to

help

streamline

day-to-day

tasks.

Following

consideration

of

such

information,

the

Board

was

satisfied

with

the

nature,

extent

and

quality

of

services

provided

by

each

Manager

and

its

affiliates

to

the

Funds

and

their

shareholders.

#### Fund

#### Performance
The

Board

reviewed

and

considered

the

performance

results

of

each

Fund

over

various

time

periods

ended

December

31,

2024. The

Board

considered

the

performance

returns

for

each

Fund

in

comparison

to

the

performance

returns

of

mutual

funds

deemed

comparable

to

the

Fund

included

in

a

universe

(Performance

Universe)

selected

by

Broadridge

Financial

Solutions,

Inc.

(Broadridge),

an

independent

provider

of

investment

company

data.

The

Board

received

a

description

of

the

methodology

used

by

Broadridge

to

select

the

mutual

funds

included

in

a

Performance

Universe.

The

Board

also

reviewed

and

considered

Fund

performance

reports

provided

and

discussions

that

occurred

with

portfolio

managers

at

Board

meetings

throughout

the

year.

On

several

occasions,

both

prior

to,

and

at

the

Meeting,

the

Independent

Trustees

met

with

senior

executives

at

FRI

to

discuss

management's

perspectives

on

and

ask

questions

regarding

the

performance

of

the

Funds

and

future

business

strategies

to

address

persistent

Fund

underperformance.

Management

discussed

with

the

Independent

Trustees

the

scope

of

the

overall

integration

of

certain

recently

acquired

asset

managers

and

the

impact

of

the

integration

firm

wide.

Management

explained,

Templeton

Income

Trust

franklintempleton.com

Semiannual

Report

as

part

of

the

larger

firm-wide

integration,

its

plan

to

integrate

the

Templeton

Global

Macro

team

into

the

Franklin

Templeton

Fixed

Income

group.

Management

responded

to

questions

from

the

Independent

Trustees

regarding

the

impact

the

integration

would

have

on

the

investment

leadership

of

the

Templeton

Global

Macro

team.

Management

explained

that

the

Templeton

Global

Macro

team

would

now

report

to

the

CIO

of

the

Franklin

Templeton

Fixed

Income

Group.

The

Trustees

met

with

the

CIO

of

the

Franklin

Templeton

Fixed

Income

Group

and

discussed,

among

other

topics,

past

Fund

performance

and

expected

enhancements

to

the

Funds'

fixed-income

processes,

including

the

enhanced

collaboration

with

the

firm's

Investment

Risk

Management

Group.

Management

also

discussed

specific

Fund

proposals

expected

to

be

presented

to

the

Board

at

a

future

meeting,

including

the

proposals

to

liquidate

the

Templeton

International

Bond

Fund

and

to

change

the

name,

investment

strategies

and

secondary

benchmark

of

the

Templeton

Global

Return

Fund,

which

would

streamline

and

redirect

work

of

the

Templeton

Global

Macro

team.

In

addition,

the

Board

further

discussed

the

performance

of

the

Funds

with

other

members

of

management

prior

to,

and

at

the

Meeting.

Management

explained

that

the

peers

in

each

Fund's

respective

Performance

Universe

generally

maintained

substantially

greater

credit/spread

allocations,

greater

US

country

and

US

dollar

exposures,

and

longer

portfolio

durations

than

the

Fund,

which

all

contributed

to

the

Fund's

relative

underperformance

across

all

periods.

Management

further

explained

that

each

Fund's

relative

underperformance

for

the

one-,

three-

and

five-year

periods

was

due,

in

part,

to

currency

positions.

Management

also

explained

more

specifically

that

it

believed

each

Fund's

three-

and

five-year

relative

underperformance

was

largely

attributable

to

the

Fund's

defensive

positioning

in

2020,

which

restrained

its

upside

potential

as

risk

assets

rallied

in

the

second

half

of

2020,

as

well

as

the

Fund's

non-dollar

currency

positioning

in

2024

as

the

US

dollar

reached

historical

highs

against

many

currencies.

The

Board

also

considered

each

Fund's

specific

performance

results

and

actions

that

are

being

taken/have

been

taken

in

an

effort

to

improve

the

overall

performance

of

the

Fund

as

discussed

below.

*Templeton* 

*Global* 

*Bond* 

*Fund* 

-

The

Performance

Universe

for

the

Fund

included

the

Fund

and

all

retail

and

institutional

global

income

funds.

The

Board

noted

that

the

Fund's

annualized

total

return

for

the

one-,

three-,

five-

and

10-year

periods

was

below

the

median

and

in

the

fifth

quintile

(worst)

of

its

Performance

Universe.

The

Board

discussed

with

management

the

actions

that

are

being

taken/have

been

taken

in

an

effort

to

improve

the

overall

performance

of

the

Fund,

including

the

enhanced

collaboration

between

the

portfolio

management

team

and

the

firm's

Investment

Risk

Management

Group

and

refinements

to

the

Fund's

investment

process.

Management

reported

that

in

the

year-to-date

period

ended

April

30,

2025,

the

Fund

had

outperformed

its

Performance

Universe

by

5.71%

and

outperformed

its

benchmark,

the

FTSE

WGBI

(USD)

Index,

by

3.63%.

The

Board

concluded

that,

taking

into

consideration

all

of

the

discussions

with

and

information

provided

by

management,

the

Fund's

Management

Agreement

should

be

continued

for

an

additional

one-year

period,

while

management's

efforts

continue

to

be

closely

monitored.

*Templeton* 

*Global* 

*Total* 

*Return* 

*Fund* 

-

The

Performance

Universe

for

the

Fund

included

the

Fund

and

all

retail

and

institutional

global

income

funds.

The

Board

noted

that

the

Fund's

annualized

total

return

for

the

one-,

three-,

five-

and

10-year

periods

was

below

the

median

of

its

Performance

Universe.

The

Board

discussed

with

management

the

actions

that

are

being

taken/have

been

taken

in

an

effort

to

improve

the

overall

performance

of

the

Fund,

including

the

enhanced

collaboration

between

the

portfolio

management

team

and

the

firm's

Investment

Risk

Management

Group

and

refinements

to

the

Fund's

investment

process.

Management

reported

that

in

the

year-to-date

period

ended

April

30,

2025,

the

Fund

had

outperformed

its

Performance

Universe

by

5.43%

and

outperformed

its

benchmark,

the

Bloomberg

Multiverse

Index,

by

3.78%.

The

Board

noted

that

management

proposed

and

the

Board

approved

at

the

Meeting

implementing

changes

for

the

Fund

effective

on

or

about

August

1,

2025,

including

changing

the

Fund's:

(i) name

to

the

Templeton

Global

Bond

Enhanced

Fund;

and

(ii) principal

investment

strategies

(Fund

Proposals).

The

Board

concluded

that,

taking

into

consideration

all

of

the

discussions

with

and

information

provided

by

management

and

the

expected

implementation

of

the

Fund

Proposals,

the

Fund's

Management

Agreement

should

be

continued

for

an

additional

one-year

period,

while

management's

efforts

continue

to

be

closely

monitored.

Templeton

Income

Trust

franklintempleton.com

Semiannual

Report

*Templeton* 

*International* 

*Bond* 

*Fund* 

-

The

Performance

Universe

for

the

Fund

included

the

Fund

and

all

retail

and

institutional

international

income

funds.

The

Board

noted

that

the

Fund's

annualized

total

return

for

the

one-,

three-,

five-

and

10-year

periods

was

below

the

median

of

its

Performance

Universe.

The

Board

also

noted

that

the

Fund

only

had

approximately

$19

million

in

assets

under

management

as

of

December

31,

2024

and

that

management

proposed

and

the

Board

approved

at

the

Meeting

the

liquidation

of

the

Fund

on

or

about

August

8,

2025. The

Board

concluded

that

the

Fund's

Management

Agreement

should

be

continued

for

an

additional

one-year

period

in

order

to

effectuate

the

liquidation

of

the

Fund.

*Templeton* 

*Sustainable* 

*Emerging* 

*Markets* 

*Bond* 

*Fund*

-

The

Performance

Universe

for

the

Fund

included

the

Fund

and

all

retail

and

institutional

emerging

markets

local

currency

debt

funds.

The

Board

noted

that

the

Fund's

annualized

total

return

for

the

one-,

three-,

five-

and

10-year

periods

was

below

the

median

of

its

Performance

Universe.

The

Board

discussed

with

management

the

actions

that

are

being

taken/have

been

taken

in

an

effort

to

improve

the

overall

performance

of

the

Fund,

including

the

enhanced

collaboration

between

the

portfolio

management

team

and

the

firm's

Investment

Risk

Management

Group

and

refinements

to

the

Fund's

investment

process.

Management

reported

that

in

the

year-to-date

period

ended

April

30,

2025,

the

Fund

had

outperformed

its

Performance

Universe

by

1.58%

and

outperformed

its

benchmark,

the

JP

Morgan

GBI-

EM

Global

Diversified

Composite

Index,

by

0.77%.

The

Board

concluded

that,

taking

into

consideration

all

of

the

discussions

with

and

information

provided

by

management,

the

Fund's

Management

Agreement

should

be

continued

for

an

additional

one-

year

period,

while

management's

efforts

continue

to

be

closely

monitored.

#### Comparative

#### Fees

#### and

#### Expenses
The

Board

reviewed

and

considered

information

regarding

each

Fund's

actual

total

expense

ratio

and

its

various

components,

including,

as

applicable,

management

fees;

transfer

agent

expenses;

underlying

fund

expenses;

Rule

12b-1

and

non-Rule

12b-1

service

fees;

and

other

non-management

fees.

The

Board

also

noted

the

quarterly

and

annual

reports

it

receives

on

all

marketing

support

payments

made

by

FT

to

financial

intermediaries.

The

Board

considered

the

actual

total

expense

ratio

and,

separately,

the

contractual

management

fee

rate,

without

the

effect

of

fee

waivers,

if

any

(Management

Rate)

of

each

Fund

in

comparison

to

the

median

expense

ratio

and

median

Management

Rate,

respectively,

of

other

mutual

funds

deemed

comparable

to

and

with

a

similar

expense

structure

to

the

Fund

selected

by

Broadridge

(Expense

Group).

Broadridge

fee

and

expense

data

is

based

upon

information

taken

from

each

fund's

most

recent

annual

or

semi-annual

report,

which

reflects

historical

asset

levels

that

may

be

quite

different

from

those

currently

existing,

particularly

in

a

period

of

market

volatility.

While

recognizing

such

inherent

limitation

and

the

fact

that

expense

ratios

and

Management

Rates

generally

increase

as

assets

decline

and

decrease

as

assets

grow,

the

Board

believed

the

independent

analysis

conducted

by

Broadridge

to

be

an

appropriate

measure

of

comparative

fees

and

expenses.

The

Broadridge

Management

Rate

includes

administrative

charges,

and

the

actual

total

expense

ratio,

for

comparative

consistency,

was

shown

for

Class

A

shares

for

each

Fund

and

for

the

other

funds

in

each

Fund's

respective

Expense

Group.

The

Board

received

a

description

of

the

methodology

used

by

Broadridge

to

select

the

mutual

funds

included

in

an

Expense

Group.

*Templeton* 

*Global* 

*Bond* 

*Fund* 

*and* 

*Templeton* 

*Global* 

*Total* 

*Return* 

*Fund*

-

The

Expense

Group

for

the

Templeton

Global

Bond

Fund

included

the

Fund

and

other

global

income

funds.

The

Expense

Group

for

the

Templeton

Global

Total

Return

Fund

included

the

Fund

and

nine

other

global

income

funds.

The

Board

noted

that

the

Management

Rate

and

actual

total

expense

ratio

for

each

Fund

were

above

the

medians

of

its

respective

Expense

Group.

*Templeton* 

*Global* 

*Bond* 

*Fund*

-

The

Board

further

noted

management's

explanation

that

the

Fund's

Management

Rate

was

2.4 basis

points

above

its

Expense

Group

median.

Management

further

explained

that

the

Fund

had

a

higher

non-US

fixed

income

allocation

than

its

Expense

Group

which

required

additional

time

and

resources

to

conduct

due

diligence

and

monitor

liquidity.

*Templeton* 

*Global* 

*Total* 

*Return* 

*Fund*

-

The

Board

also

noted

management's

explanation

that

the

Fund's

Management

Rate

was

2.6 basis

points

above

its

Expense

Group

median.

Management

further

explained

that

the

Fund

currently

has

a

higher

non-US

fixed

income

allocation

than

its

Expense

Group

which

requires

additional

time

and

resources

to

conduct

due

diligence

and

monitor

liquidity.

The

Board

also

noted

that

effective

June

1,

2024,

the

first

two

tiers

of

the

Fund's

contractual

management

breakpoint

fee

schedule

were

lowered

by

basis

points.

Templeton

Income

Trust

franklintempleton.com

Semiannual

Report

After

consideration

of

the

above,

the

Board

concluded

that

the

Management

Rate

charged

to

each

Fund

is

reasonable.

*Templeton* 

*International* 

*Bond* 

*Fund*

-

The

Expense

Group

for

the

Fund

included

the

Fund

and

six

other

international

income

funds.

The

Board

noted

that

the

Management

Rate

for

the

Fund

was

equal

to

the

median

of

its

Expense

Group.

The

Board

also

noted

the

actual

total

expense

ratio

for

the

Fund

was

below

the

median

of

its

Expense

Group.

The

Board

further

noted

that

the

Fund's

actual

total

expense

ratio

reflected

an

expense

cap

on

operating

expenses.

After

consideration

of

the

above,

the

Board

concluded

that

the

Management

Rate

charged

to

the

Fund

is

reasonable.

*Templeton* 

*Sustainable* 

*Emerging* 

*Markets* 

*Bond* 

*Fund*

-

The

Expense

Group

for

the

Fund

included

the

Fund

and

six

other

emerging

markets

local

currency

debt

funds.

The

Board

noted

that

the

Management

Rate

for

the

Fund

was

above

the

median

of

its

Expense

Group,

but

its

actual

total

expense

ratio

was

equal

to

the

median

of

its

Expense

Group.

The

Board

discussed

the

fifth

quintile

Management

Rate

with

management

and

management

explained

that

the

Fund's

actual

total

expense

ratio

reflected

an

expense

cap

on

operating

expenses,

which

resulted

in

an

actual

management

fee

of

zero

being

paid

by

the

Fund.

The

Board

further

noted

that

the

Sub-Adviser

is

paid

by

FAI

out

of

the

management

fee

FAI

receives

from

the

Fund

and

that

the

allocation

of

the

fee

between

FAI

and

the

Sub-Adviser

reflected

the

services

provided

by

each

to

the

Fund.

After

consideration

of

the

above,

the

Board

concluded

that

the

Management

Rate

charged

to

the

Fund

and

the

sub-advisory

fee

paid

to

the

Sub-Adviser

are

reasonable

.

#### Profitability
The

Board

reviewed

and

considered

information

regarding

the

profits

realized

by

FAI

and

its

affiliates

in

connection

with

the

operation

of

each

Fund.

In

this

respect,

the

Board

considered

the

Fund

profitability

analysis

provided

that

addresses

the

overall

profitability

of

FT's

US

fund

business,

as

well

as

its

profits

in

providing

investment

management

and

other

services

to

each

of

the

individual

funds

during

the

12-month

period

ended

September

30,

2024,

being

the

most

recent

fiscal

year-end

for

FRI.

The

Board

noted

that

although

management

continually

makes

refinements

to

its

methodologies

used

in

calculating

profitability

in

response

to

organizational

and

product-related

changes,

the

overall

methodology

has

remained

consistent

with

that

used

in

the

Funds'

profitability

report

presentations

from

prior

years.

The

Board

also

noted

that

an

independent

registered

public

accounting

firm

has

been

engaged

to

periodically

review

and

assess

the

allocation

methodologies

to

be

used

solely

by

the

Funds'

Board

with

respect

to

the

profitability

analysis.

The

Board

noted

management's

belief

that

costs

incurred

in

establishing

the

infrastructure

necessary

for

the

type

of

mutual

fund

operations

conducted

by

each

Manager

and

its

affiliates

may

not

be

fully

reflected

in

the

expenses

allocated

to

each

Fund

in

determining

its

profitability,

as

well

as

the

fact

that

the

level

of

profits,

to

a

certain

extent,

reflected

operational

cost

savings

and

efficiencies

initiated

by

management.

As

part

of

this

evaluation,

the

Board

considered

management's

outsourcing

of

certain

operations,

which

effort

has

required

considerable

up-front

expenditures

by

each

Manager,

but

over

the

long

run

is

expected

to

result

in

greater

efficiencies.

The

Board

also

noted

management's

expenditures

in

improving

shareholder

services

provided

to

the

Funds,

as

well

as

the

need

to

implement

systems

and

meet

additional

regulatory

and

compliance

requirements

resulting

from

recent

US

Securities

and

Exchange

Commission

and

other

regulatory

requirements.

The

Board

also

considered

the

extent

to

which

each

Manager

and

its

affiliates

might

derive

ancillary

benefits

from

fund

operations,

including

revenues

generated

from

transfer

agent

services,

potential

benefits

resulting

from

personnel

and

systems

enhancements

necessitated

by

fund

growth,

as

well

as

increased

leverage

with

service

providers

and

counterparties.

Based

upon

its

consideration

of

all

these

factors,

the

Board

concluded

that

the

level

of

profits

realized

by

each

Manager

and

its

affiliates

from

providing

services

to

each

Fund

was

not

excessive

in

view

of

the

nature,

extent

and

quality

of

services

provided

to

each

Fund.

#### Economies

#### of

#### Scale
Templeton

Income

Trust

franklintempleton.com

Semiannual

Report

The

Board

reviewed

and

considered

the

extent

to

which

each

Manager

may

realize

economies

of

scale,

if

any,

as

each

Fund

grows

larger

and

whether

each

Fund's

management

fee

structure

reflects

any

economies

of

scale

for

the

benefit

of

shareholders.

With

respect

to

possible

economies

of

scale,

the

Board

noted

the

existence

of

management

fee

breakpoints,

which

operate

generally

to

share

any

economies

of

scale

with

a

Fund's

shareholders

by

reducing

the

Fund's

effective

management

fees

as

the

Fund

grows

in

size.

The

Board

considered

the

Managers'

view

that

any

analyses

of

potential

economies

of

scale

in

managing

a

particular

fund

are

inherently

limited

in

light

of

the

joint

and

common

costs

and

investments

the

Managers

incur

across

the

FT

family

of

funds

as

a

whole.

The

Board

noted

that

the

Templeton

Global

Bond

Fund

and

Templeton

Global

Total

Return

Fund

had

each

experienced

a

significant

decrease

in

assets

and

would

not

be

expected

to

demonstrate

additional

economies

of

scale

in

the

near

term

and

that

the

Templeton

International

Bond

Fund

and

the

Templeton

Sustainable

Emerging

Markets

Bond

Fund

do

not

currently

have

asset

sizes

that

would

likely

enable

the

Funds

to

achieve

economies

of

scale.

The

Board

concluded

that

to

the

extent

economies

of

scale

may

be

realized

by

each

Manager

and

its

affiliates,

each

Fund's

management

fee

structure

provided

a

sharing

of

benefits

with

the

Fund

and

its

shareholders

as

the

Fund

grows.

#### Conclusion
Based

on

its

review,

consideration

and

evaluation

of

all

factors

it

believed

relevant,

including

the

above-described

factors

and

conclusions,

the

Board

unanimously

approved

the

continuance

of

each

Management

Agreement

for

an

additional

one-year

period.

TINT-SFSOI

08/25©

2025

Franklin

Templeton.

All

rights

reserved.

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR.

ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR.

ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.

The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR.

ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.

The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR, as applicable.

ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.

Not applicable.

---

| | |
|:---|:---|
| ITEM 15. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |

---

There have been no changes to the procedures by which shareholders may recommend nominees to the Registrant's Board of Trustees that would require disclosure herein.

ITEM 16. CONTROLS AND PROCEDURES.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's chief executive officer and chief financial officer have concluded
 that the Registrant's disclosure controls and procedures (as defined in Rule 30a- 3(c) under the Investment Company Act of 1940,
 as amended (the "1940 Act")) are effective as of a date within 90 days of the filing date of this report that includes the
 disclosure required by this paragraph, based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under
 the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There were no changes in the Registrant's internal control over financial reporting
 (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the period covered by this report that have materially affected,
 or are likely to materially affect the Registrant's internal control over financial reporting.

ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

ITEM 19. EXHIBITS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) (1) Not applicable.

Exhibit 99.CODE ETH

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[(a) (3) Certifications pursuant to section 302 of the Sarbanes-Oxley Act of 2002 attached hereto.](tgbf-efp17107_ex99cert.htm)

Exhibit 99.CERT

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[(b) Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 attached hereto.](tgbf-efp17107_ex99906cert.htm)

Exhibit 99.906CERT

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, there unto duly authorized.

---

| | |
|:---|:---|
| **Templeton Income Trust** | **Templeton Income Trust** |
| By: | /s/ Christopher Kings |
|  | Christopher Kings |
|  | Chief Executive Officer - Finance and Administration |
| Date: | August 26, 2025 |

---

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/ Christopher Kings |
|  | Christopher Kings |
|  | Chief Executive Officer - Finance and Administration |
| Date: | August 26, 2025 |

---

---

| | |
|:---|:---|
| By: | /s/ Jeffrey White |
|  | Jeffrey White |
|  | Chief Financial Officer, Chief Accounting Officer and Treasurer |
| Date: | August 26, 2025 |

---

## Ex-99.Cert

CERTIFICATIONS PURSUANT TO SECTION 302

EX-99.CERT

**<u>CERTIFICATIONS</u>**

I, Christopher Kings, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of **Templeton Income Trust**;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period
covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required
to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures
(as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule
30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to
be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented
in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to
the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's internal control over financial reporting
that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officers and I have disclosed to the registrant's auditors
and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and
report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves management or other employees who have a significant
role in the registrant's internal control over financial reporting.

Date: August 26, 2025 <br>

---

| |
|:---|
| /s/ Christopher Kings |
| Christopher Kings |
| Executive Officer – Finance and Administration |

---

**<u>CERTIFICATIONS</u>**

I, Jeffrey White, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of **Templeton Income Trust**;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial information included in this report, and the financial statements
on which the financial information is based, fairly present in all material respects the financial condition, results of operations, changes
in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of,
and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officers and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) Evaluated the effectiveness of the registrant's disclosure controls and procedures
and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90
days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period
covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control
over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officers and I have disclosed to the registrant's auditors
and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) All significant deficiencies and material weaknesses in the design or operation of internal
control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize,
and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) Any fraud, whether or not material, that involves management or other employees who have
a significant role in the registrant's internal control over financial reporting.

Date: August 26, 2025 <br>

---

| |
|:---|
| /s/ Jeffrey White |
| Jeffrey White |
| Chief Financial Officer, Chief Accounting Officer and Treasurer |

---

## Exhibit 99.906

CERTIFICATIONS PURSUANT TO SECTION 906

EX-99.906CERT

**CERTIFICATION**

**Christopher Kings,** Chief Executive Officer – Finance and Administration, and **Jeffrey White,** Chief Financial Officer, Chief Accounting Officer and Treasurer of **Templeton Income Trust** (the "Registrant"), each certify to the best of their knowledge that:

&nbsp;&nbsp;&nbsp;&nbsp;1. The Registrant's periodic report on Form N-CSR for the period ended **June 30, 2025** (the "Form N-CSR") fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and

&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

---

| | |
|:---|:---|
| **Chief Executive Officer – <br> Finance and Administration** | **Chief Financial Officer, Chief <br> Accounting Officer and Treasurer** |
| Templeton Income Trust | Templeton Income Trust |
| /s/ Christopher Kings | /s/ Jeffrey White |
| Christopher Kings | Jeffrey White |
| Date: August 26, 2025 | Date: August 26, 2025 |

---

This certification is being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Form N-CSR with the Commission.