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Consolidated
Schedule
of
Investments
(unaudited)
Templeton
Dragon
Fund,
Inc.
2
Notes
to
Consolidated
Schedule
of
Investments
6
Templeton
Dragon
Fund,
Inc.
Consolidated
Schedule
of
Investments
(unaudited),
March
31,
2026
Quarterly
Consolidated
Schedule
of
Investments
See
Notes
to
Consolidated
Schedule
of
Investments.
2
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
94.9%
Air
Freight
&
Logistics
0.7%
SF
Holding
Co.
Ltd.,
H
...............................
China
436,800
$
1,972,787
Automobile
Components
1.1%
a,b
Hesai
Group,
B
.....................................
China
174,020
3,307,384
Automobiles
1.4%
Geely
Automobile
Holdings
Ltd.
.........................
China
1,663,065
4,436,989
Banks
6.4%
China
Construction
Bank
Corp.,
H
.......................
China
6,603,544
7,126,640
China
Merchants
Bank
Co.
Ltd.,
H
.......................
China
920,570
5,849,509
HSBC
Holdings
plc
..................................
Hong
Kong
200,400
3,276,410
Industrial
&
Commercial
Bank
of
China
Ltd.,
H
..............
China
4,018,000
3,541,658
19,794,217
Beverages
1.3%
Kweichow
Moutai
Co.
Ltd.,
A
...........................
China
19,600
4,127,455
Biotechnology
2.7%
a,c
Innovent
Biologics,
Inc.,
144A,
Reg
S
....................
China
452,519
4,977,514
a,b
Nanjing
Leads
Biolabs
Co.
Ltd.,
H
.......................
China
359,285
3,440,030
8,417,544
Broadline
Retail
9.6%
Alibaba
Group
Holding
Ltd.
............................
China
1,580,652
24,775,913
JD.com,
Inc.,
A
.....................................
China
88,493
1,304,432
a
PDD
Holdings,
Inc.,
ADR
..............................
China
35,999
3,678,378
29,758,723
Capital
Markets
0.3%
Hong
Kong
Exchanges
&
Clearing
Ltd.
...................
Hong
Kong
18,809
948,876
Chemicals
1.6%
Guangzhou
Tinci
Materials
Technology
Co.
Ltd.,
A
...........
China
381,100
2,558,928
Sunresin
New
Materials
Co.
Ltd.,
A
......................
China
255,525
2,453,539
5,012,467
Communications
Equipment
3.9%
Zhongji
Innolight
Co.
Ltd.,
A
............................
China
141,100
12,087,907
Construction
Materials
0.5%
b
West
China
Cement
Ltd.
..............................
China
5,000,000
1,401,169
Distributors
2.1%
a,b
GigaCloud
Technology,
Inc.,
A
..........................
China
143,886
6,529,547
Diversified
Consumer
Services
1.9%
a,c
China
East
Education
Holdings
Ltd.,
144A,
Reg
S
...........
China
3,109,500
2,036,199
New
Oriental
Education
&
Technology
Group,
Inc.
...........
China
672,311
3,808,153
5,844,352
Electrical
Equipment
7.5%
Contemporary
Amperex
Technology
Co.
Ltd.,
A
.............
China
148,600
8,792,077
Harbin
Electric
Co.
Ltd.,
H
.............................
China
2,715,153
7,333,061
Sieyuan
Electric
Co.
Ltd.,
A
............................
China
238,900
7,065,714
23,190,852
Electronic
Equipment,
Instruments
&
Components
8.3%
Luxshare
Precision
Industry
Co.
Ltd.,
A
...................
China
315,031
2,314,322
Wasion
Holdings
Ltd.
................................
Hong
Kong
2,238,000
8,124,667
Templeton
Dragon
Fund,
Inc.
Consolidated
Schedule
of
Investments
(unaudited)
See
Notes
to
Consolidated
Schedule
of
Investments.
Quarterly
Consolidated
Schedule
of
Investments
3
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Electronic
Equipment,
Instruments
&
Components
(continued)
WUS
Printed
Circuit
Kunshan
Co.
Ltd.,
A
..................
China
1,346,340
$
15,250,058
25,689,047
Entertainment
1.5%
NetEase,
Inc.
......................................
China
210,098
4,694,600
Food
Products
2.8%
a
Muyuan
Foods
Co.
Ltd.,
H
.............................
China
1,435,244
6,922,528
Yantai
China
Pet
Foods
Co.
Ltd.,
A
......................
China
299,000
1,576,588
8,499,116
Ground
Transportation
1.1%
Full
Truck
Alliance
Co.
Ltd.,
ADR
........................
China
410,773
3,409,416
Health
Care
Equipment
&
Supplies
1.7%
a
Shenzhen
Edge
Medical
Co.
Ltd.,
H
.....................
China
428,500
3,076,640
Shenzhen
New
Industries
Biomedical
Engineering
Co.
Ltd.,
A
..
China
318,802
2,279,938
5,356,578
Hotels,
Restaurants
&
Leisure
1.5%
a,b
Luckin
Coffee,
Inc.,
ADR
..............................
China
76,168
2,444,993
a
Trip.com
Group
Ltd.
.................................
China
46,180
2,282,157
4,727,150
Household
Durables
0.7%
Midea
Group
Co.
Ltd.,
A
..............................
China
177,300
1,974,923
Insurance
4.1%
PICC
Property
&
Casualty
Co.
Ltd.,
H
....................
China
2,178,524
4,010,179
Ping
An
Insurance
Group
Co.
of
China
Ltd.,
H
..............
China
1,126,582
8,662,531
12,672,710
Interactive
Media
&
Services
12.1%
a
Baidu,
Inc.,
A
.......................................
China
161,400
2,256,080
JOYY,
Inc.,
ADR
....................................
China
61,730
3,604,415
c
Kuaishou
Technology,
144A,
Reg
S
......................
China
221,097
1,302,333
Tencent
Holdings
Ltd.
................................
China
478,491
30,179,567
37,342,395
Media
0.9%
Focus
Media
Information
Technology
Co.
Ltd.,
A
............
China
2,921,600
2,789,353
Metals
&
Mining
10.8%
a
Chuangxin
Industries
Holdings
Ltd.
......................
China
881,000
3,282,671
CMOC
Group
Ltd.,
H
.................................
China
3,771,386
7,931,830
a
Yunnan
Jinxun
Resources
Co.
Ltd.,
H
....................
China
943,200
2,590,998
a
Zijin
Gold
International
Co.
Ltd.
.........................
Hong
Kong
856,874
19,501,444
33,306,943
Oil,
Gas
&
Consumable
Fuels
1.7%
b
CGN
Mining
Co.
Ltd.
.................................
China
4,600,000
2,284,352
PetroChina
Co.
Ltd.,
H
...............................
China
2,102,000
2,883,653
5,168,005
Pharmaceuticals
2.5%
a,c
Antengene
Corp.
Ltd.,
144A,
Reg
S
......................
China
1,900,000
1,153,005
Jiangsu
Hengrui
Pharmaceuticals
Co.
Ltd.,
A
...............
China
407,360
3,291,840
Templeton
Dragon
Fund,
Inc.
Consolidated
Schedule
of
Investments
(unaudited)
Quarterly
Consolidated
Schedule
of
Investments
See
Notes
to
Consolidated
Schedule
of
Investments.
4
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Common
Stocks
(continued)
Pharmaceuticals
(continued)
a
Sichuan
Biokin
Pharmaceutical
Co.
Ltd.,
A
.................
China
82,523
$
3,348,099
7,792,944
Real
Estate
Management
&
Development
0.4%
KE
Holdings,
Inc.,
ADR
...............................
China
86,022
1,287,749
Semiconductors
&
Semiconductor
Equipment
2.8%
a
ACM
Research,
Inc.,
A
...............................
China
54,745
2,154,216
GigaDevice
Semiconductor,
Inc.,
A
......................
China
182,601
6,497,725
8,651,941
Specialty
Retail
1.0%
b,c
Pop
Mart
International
Group
Ltd.,
144A,
Reg
S
............
China
165,981
3,087,803
Total
Common
Stocks
(Cost
$240,547,233)
...................................
293,280,942
Escrows
and
Litigation
Trusts
0.0%
†
a,d,e
Kangmei
Pharmaceutical
Co.
Ltd.,
Escrow
Account
..........
China
592,998
85,839
Total
Escrows
and
Litigation
Trusts
(Cost
$–)
.................................
85,839
Total
Long
Term
Investments
(Cost
$240,547,233)
.............................
293,366,781
a
Short
Term
Investments
3.8%
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Money
Market
Funds
3.6%
f,g
Franklin
Institutional
U.S.
Government
Money
Market
Fund,
3.578%
.........................................
United
States
11,252,679
11,252,679
Total
Money
Market
Funds
(Cost
$11,252,679)
................................
11,252,679
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
0.2%
Money
Market
Funds
0.2%
f,g
Franklin
Institutional
U.S.
Government
Money
Market
Fund,
3.578%
.........................................
United
States
630,520
630,520
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$630,520)
...........................................................
630,520
Total
Short
Term
Investments
(Cost
$11,883,199
)
..............................
11,883,199
a
Total
Investments
(Cost
$252,430,432)
98.7%
.................................
$305,249,980
Other
Assets,
less
Liabilities
1.3%
...........................................
3,992,676
Net
Assets
100.0%
.........................................................
$309,242,656
a
a
a
Templeton
Dragon
Fund,
Inc.
Consolidated
Schedule
of
Investments
(unaudited)
See
Notes
to
Consolidated
Schedule
of
Investments.
Quarterly
Consolidated
Schedule
of
Investments
5
See
Abbreviations
on
page
9
.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
Non-income
producing.
b
A
portion
or
all
of
the
security
is
on
loan
at
March
31,
2026.
c
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
March
31,
2026,
the
aggregate
value
of
these
securities
was
$12,556,854,
representing
4.1%
of
net
assets.
d
Fair
valued
using
significant
unobservable
inputs.
See
Note
5
regarding
fair
value
measurements.
e
The
security
is
owned
by
Templeton
China
Opportunities
Fund,
Ltd.,
a
wholly-owned
subsidiary
of
the
Fund.
See
Note
4.
f
See
Note
3
regarding
investments
in
affiliated
management
investment
companies.
g
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Schedule
of
Investments
(unaudited)
6
Quarterly
Consolidated
Schedule
of
Investments
1.
Organization
Templeton
Dragon
Fund,
Inc. (Fund)
is
registered under
the
Investment
Company
Act
of
1940
(1940
Act)
as
a
closed-end
management
investment
company.
The
Fund
follows
the
accounting
and
reporting
guidance
in
Financial
Accounting
Standards
Board
(FASB)
Accounting
Standards
Codification
Topic
946,
Financial
Services
–
Investment
Companies
(ASC
946)
and
applies
the
specialized
accounting
and
reporting
guidance
in
U.S.
Generally
Accepted
Accounting
Principles
(U.S.
GAAP),
including,
but
not
limited
to,
ASC
946.
2. Financial
Instrument
Valuation
The
Fund's investments
in
financial
instruments
are
carried
at
fair
value
daily.
Fair
value
is
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
on
the
measurement
date.
The
Fund
calculates the
net
asset
value
(NAV)
per
share
each
business
day
as
of
4
p.m.
Eastern
time
or
the
regularly
scheduled
close
of
the
New
York
Stock
Exchange
(NYSE),
whichever
is
earlier.
Under
compliance
policies
and
procedures
approved
by
the Fund's
Board
of Directors
(the
Board),
the
Board
has
designated
the
Fund's
investment
manager
as
the
valuation
designee
and
has
responsibility
for
oversight
of
valuation.
The
investment
manager
is
assisted
by
the
Fund's administrator
in
performing
this responsibility,
including
leading
the
cross-functional
Valuation
Committee
(VC).
The
Fund
may
utilize
independent
pricing
services,
quotations
from
securities
and
financial
instrument
dealers,
and
other
market
sources
to
determine
fair
value.
Equity
securities
listed
on
an
exchange
or
on
the
NASDAQ
National
Market
System
are
valued
at
the
last
quoted
sale
price
or
the
official
closing
price
of
the
day,
respectively.
Foreign
equity
securities
are
valued
as
of
the
close
of
trading
on
the
foreign
stock
exchange
on
which
the
security
is
primarily
traded
or
as
of
4
p.m.
Eastern
time.
The
value
is
then
converted
into
its
U.S.
dollar
equivalent
at
the
foreign
exchange
rate
in
effect
at
4
p.m. Eastern
time
on
the
day
that
the
value
of
the
security
is
determined.
Over-the-counter
(OTC)
securities
are
valued
within
the
range
of
the
most
recent
quoted
bid
and
ask
prices.
Securities
that
trade
in
multiple
markets
or
on
multiple
exchanges
are
valued
according
to
the
broadest
and
most
representative
market.
Certain
equity
securities
are
valued
based
upon
fundamental
characteristics
or
relationships
to
similar
securities.
Investments
in
open-end
mutual
funds
are
valued
at
the
closing
NAV.
The
Fund
has procedures
to
determine
the
fair
value
of
financial
instruments
for
which
market
prices
are
not
reliable
or
readily
available.
Under
these
procedures,
the
Fund
primarily employs
a
market-based
approach
which
may
use
related
or
comparable
assets
or
liabilities,
recent
transactions,
market
multiples,
and
other
relevant
information
for
the
investment
to
determine
the
fair
value
of
the
investment.
An
income-based
valuation
approach
may
also
be
used
in
which
the
anticipated
future
cash
flows
of
the
investment
are
discounted
to
calculate
fair
value.
Discounts
may
also
be
applied
due
to
the
nature
or
duration
of
any
restrictions
on
the
disposition
of
the
investments.
Due
to
the
inherent
uncertainty
of
valuations
of
such
investments,
the
fair
values
may
differ
significantly
from
the
values
that
would
have
been
used
had
an
active
market
existed. 
Trading
in
securities
on
foreign
securities
stock
exchanges
and
OTC
markets
may
be
completed
before
4
p.m.
Eastern
time.
In
addition,
trading
in
certain
foreign
markets
may
not
take
place
on
every
Fund’s
business
day.
Events
can
occur
between
the
time
at
which
trading
in
a
foreign
security
is
completed
and
4
p.m.
Eastern
time
that
might
call
into
question
the
reliability
of
the
value
of
a
portfolio
security
held
by
the
Fund.
As
a
result,
differences
may
arise
between
the
value
of
the
Fund’s
portfolio securities
as
determined
at
the
foreign
market
close
and
the
latest
indications
of
value
at
4
p.m.
Eastern
time.
In
order
to
minimize
the
potential
for
these
differences,
an
independent
pricing
service
may
be
used
to
adjust
the
value
of
the
Fund's
portfolio
securities
to
the
latest
indications
of
fair
value
at 4
p.m.
Eastern
time.
At
March
31,
2026,
certain
securities
may
have
been
fair
valued
using
these
procedures,
in
which
case
the
securities
were
categorized
as
Level
2
within
the
fair
value
hierarchy
(referred
to
as
"market
level
fair
value").
See
the
Fair
Value
Measurements
note
for
more
information.
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Schedule
of
Investments
(unaudited)
7
Quarterly
Consolidated
Schedule
of
Investments
When
the
last
day
of
the
reporting
period
is
a
non-business
day,
certain
foreign
markets
may
be
open
on
those
days
that
the
Fund’s
NAV
is
not
calculated,
which
could
result
in
differences
between
the
value
of
the
Fund’s
portfolio
securities
on
the
last
business
day
and
the
last
calendar
day
of
the
reporting
period.
Any
security
valuation
changes
due
to
an
open
foreign
market
are
adjusted
and
reflected
by
the
Fund for
financial
reporting
purposes.
3.
Investments
in
Affiliated
Management
Investment
Companies
The
Fund
invests
in
one
or
more
affiliated
management
investment
companies.
As
defined
in
the
1940
Act,
an
investment
is
deemed
to
be
a
"Controlled
Affiliate"
of
a
fund
when
a
fund
owns,
either
directly
or
indirectly,
25%
or
more
of
the
affiliated
fund's
outstanding
shares
or
has
the
power
to
exercise
control
over
management
or
policies
of
such
fund.
The
Fund
does
not
invest
for
purposes
of
exercising
a
controlling
influence
over
the
management
or
policies.
During
the
period
ended
March
31,
2026,
the
Fund
held
investments
in
affiliated
management
investment
companies
as
follows:
4.
Investments
in
Templeton
China
Opportunities
Fund,
Ltd.
(China
Fund)  
The
Fund
invests
in
certain
China
A-shares
through
its
investment
in
the
China
Fund.
The
China
Fund
is
a
Cayman
Islands
exempted
company,
and
is
a
wholly-owned
subsidiary
of
the
Templeton
Dragon
Fund,
and
is
able
to
invest
directly
in
China
A-shares
consistent
with
the
investment
objective
of
the
Templeton
Dragon
Fund.
At
March
31,
2026,
the
China
Fund’s
investments
as
well
as
any
other
assets
and
liabilities
of
the
China
Fund
are
reflected
in
the
Fund’s
Consolidated Schedule
of
Investments
and
Consolidated
Statement of
Assets
and
Liabilities.
All
intercompany
transactions
and
balances
have
been
eliminated.
At
March
31,
2026,
the
net
assets
of
the
China
Fund
were
$286,494,
representing
0.1%
of
the
Fund’s
consolidated
net
assets.
The
China
Fund
gains
access
to
the
A-shares
market
through
Templeton
Investment
Counsel,
LLC
(TIC),
which
serves
as
the
registered
Qualified
Foreign
Institutional
Investor
(QFII)
for
the
China
Fund.
Investment
decisions
related
to
the
China
Fund
A-shares
are
specific
to
the
Fund
and
it
bears
the
resultant
economic
and
tax
consequences
of
its
holdings
and
transactions
in
A-shares.
The
China
Fund
is
subject
to
certain
restrictions
and
administrative
processes
relating
to
its
ability
to
repatriate
cash
balances,
investment
proceeds,
and
earnings
associated
with
its
A-shares
and
may
incur
substantial
delays
in
gaining
access
to
its
assets
or
a
loss
of
value
in
the
event
of
noncompliance
with
applicable
Chinese
rules
or
requirements.
    aa
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares
Held
at
End
of
Period
Investment
Income
a      
a  
a  
a  
a  
a  
a  
a  
Templeton
Dragon
Fund,
Inc.
Non-Controlled
Affiliates
Dividends
Franklin
Institutional
U.S.
Government
Money
Market
Fund,
3.578%
............
$2,841,466
$70,119,591
$(61,708,378)
$—
$—
$11,252,679
11,252,679
$123,112
Non-Controlled
Affiliates
Income
from
securities
loaned
Franklin
Institutional
U.S.
Government
Money
Market
Fund,
3.578%
............
$1,003,848
$8,423,356
$(8,796,684)
$—
$—
$630,520
630,520
$11,165
Total
Affiliated
Securities
...
$3,845,314
$78,542,947
$(70,505,062)
$—
$—
$11,883,199
$134,277
2. Financial
Instrument
Valuation
(continued)
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Schedule
of
Investments
(unaudited)
8
Quarterly
Consolidated
Schedule
of
Investments
5. Fair
Value
Measurements
The Fund
follows a
fair
value
hierarchy
that
distinguishes
between
market
data
obtained
from
independent
sources
(observable
inputs)
and
the Fund's
own
market
assumptions
(unobservable
inputs).
These
inputs
are
used
in
determining
the
value
of
the
Fund's
financial
instruments
and
are
summarized
in
the
following
fair
value
hierarchy:
Level
1
–
quoted
prices
in
active
markets
for
identical
financial
instruments
Level
2
–
other
significant
observable
inputs
(including
quoted
prices
for
similar
financial
instruments,
interest
rates,
prepayment
speed,
credit
risk,
etc.)
Level
3
–
significant
unobservable
inputs
(including
the
Fund's
own
assumptions
in
determining
the
fair
value
of
financial
instruments)
The
input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level.
A
summary
of
inputs
used
as
of
March
31,
2026,
in
valuing
the Fund's
assets
carried
at
fair
value,
is
as
follows:  
Level
1
Level
2
Level
3
Total
Templeton
Dragon
Fund,
Inc.
Assets:
Investments
in
Securities:
a
Common
Stocks
:
Air
Freight
&
Logistics
...................
$
—
$
1,972,787
$
—
$
1,972,787
Automobile
Components
.................
—
3,307,384
—
3,307,384
Automobiles
..........................
4,436,989
—
—
4,436,989
Banks
...............................
—
19,794,217
—
19,794,217
Beverages
...........................
—
4,127,455
—
4,127,455
Biotechnology
.........................
—
8,417,544
—
8,417,544
Broadline
Retail
.......................
3,678,378
26,080,345
—
29,758,723
Capital
Markets
........................
—
948,876
—
948,876
Chemicals
...........................
—
5,012,467
—
5,012,467
Communications
Equipment
..............
—
12,087,907
—
12,087,907
Construction
Materials
..................
—
1,401,169
—
1,401,169
Distributors
...........................
6,529,547
—
—
6,529,547
Diversified
Consumer
Services
............
—
5,844,352
—
5,844,352
Electrical
Equipment
....................
—
23,190,852
—
23,190,852
Electronic
Equipment,
Instruments
&
Components
........................
—
25,689,047
—
25,689,047
Entertainment
.........................
—
4,694,600
—
4,694,600
Food
Products
........................
6,922,528
1,576,588
—
8,499,116
Ground
Transportation
..................
3,409,416
—
—
3,409,416
Health
Care
Equipment
&
Supplies
.........
3,076,640
2,279,938
—
5,356,578
Hotels,
Restaurants
&
Leisure
.............
2,444,993
2,282,157
—
4,727,150
Household
Durables
....................
—
1,974,923
—
1,974,923
Insurance
............................
—
12,672,710
—
12,672,710
Interactive
Media
&
Services
..............
3,604,415
33,737,980
—
37,342,395
Media
...............................
—
2,789,353
—
2,789,353
Metals
&
Mining
.......................
2,590,998
30,715,945
—
33,306,943
Oil,
Gas
&
Consumable
Fuels
.............
—
5,168,005
—
5,168,005
Pharmaceuticals
.......................
—
7,792,944
—
7,792,944
Real
Estate
Management
&
Development
....
1,287,749
—
—
1,287,749
Semiconductors
&
Semiconductor
Equipment
.
2,154,216
6,497,725
—
8,651,941
Specialty
Retail
........................
—
3,087,803
—
3,087,803
Escrows
and
Litigation
Trusts
...............
—
—
85,839
85,839
Short
Term
Investments
...................
11,883,199
—
—
11,883,199
Total
Investments
in
Securities
...........
$52,019,068
$253,145,073
b
$85,839
$305,249,980
Templeton
Dragon
Fund,
Inc.
Notes
to
Consolidated
Schedule
of
Investments
(unaudited)
9
Quarterly
Consolidated
Schedule
of
Investments
A
reconciliation
in
which
Level
3
inputs
are
used
in
determining
fair
value
is
presented
when
there
are
significant
Level
3
assets
and/or
liabilities
at
the
beginning
and/or
end
of
the
period.
Abbreviations
a
For
detailed
categories,
see
the
accompanying
Schedule
of
Investments.
b
Includes
foreign
securities
valued
at
$253,145,073,
which
were
categorized
as
Level
2
as
a
result
of
the
application
of
market
level
fair
value
procedures.
See
the
Financial
Instrument
Valuation
note
for
more
information.
Selected
Portfolio
ADR
American
Depositary
Receipt
5. Fair
Value
Measurements
(continued)
For
additional
information
on
the
Fund's
significant
accounting
policies,
please
refer
to
the Fund's
most
recent
semiannual
or
annual
shareholder
report.