Templeton Global Investment Trust NPORT-P Templeton Global Balanced Fund (Mar 2023 report)

Not

FDIC

Insured

May

Lose

Value

No

Bank

Guarantee

325-Q1PH

1

Schedule

of

Investments

(unaudited)

Templeton

Global

Balanced

Fund

2

Notes

to

Schedule

of

Investments

11

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited),

March

31,

2023

Templeton

Global

Balanced

Fund

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

2

.

a

a

Industry

Shares

a

Value

a

Common

Stocks

50.0%

China

3.1%

a

Alibaba

Group

Holding

Ltd.

.........

Broadline

Retail

324,800

$

4,113,727

Lenovo

Group

Ltd.

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

Technology

Hardware,

Storage

&

Peripherals

5,046,000

5,466,875

Prosus

NV

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

Broadline

Retail

26,219

2,053,149

11,633,751

France

1.8%

Danone

SA

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

Food

Products

78,812

4,904,194

a

Faurecia

SE

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

Automobile

Components

83,435

1,813,422

6,717,616

Germany

7.6%

adidas

AG

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

Textiles,

Apparel

&

Luxury

Goods

12,196

2,162,115

Bayer

AG

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

Pharmaceuticals

97,367

6,220,248

Bayerische

Motoren

Werke

AG

......

Automobiles

20,164

2,210,049

Continental

AG

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

Automobile

Components

28,102

2,105,764

Deutsche

Telekom

AG

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

Diversified

Telecommunication

Services

177,010

4,289,557

Fresenius

Medical

Care

AG

&

Co.

KGaA

Health

Care

Providers

&

Services

138,473

5,877,653

Infineon

Technologies

AG

..........

Semiconductors

&

Semiconductor

Equipment

56,040

2,301,400

Siemens

AG

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

Industrial

Conglomerates

23,704

3,840,318

29,007,104

Hong

Kong

1.4%

AIA

Group

Ltd.

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

Insurance

187,000

1,961,123

Prudential

plc,

(GBP

Traded)

........

Insurance

226,832

3,105,953

Prudential

plc,

(HKD

Traded)

........

Insurance

26,600

359,411

5,426,487

Hungary

0.7%

Richter

Gedeon

Nyrt.

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

Pharmaceuticals

132,412

2,764,584

Japan

2.0%

Honda

Motor

Co.

Ltd.

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

Automobiles

85,100

2,251,333

Mitsubishi

Electric

Corp.

...........

Electrical

Equipment

241,900

2,891,173

Sumitomo

Mitsui

Financial

Group,

Inc.

.

Banks

58,100

2,325,372

7,467,878

Netherlands

1.7%

SBM

Offshore

NV

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

Energy

Equipment

&

Services

163,943

2,434,243

Shell

plc

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

Oil,

Gas

&

Consumable

Fuels

141,560

4,056,034

6,490,277

South

Africa

0.0%

a,b,c

K2016470219

South

Africa

Ltd.,

A

....

Broadline

Retail

32,900,733

—

a,b,c

K2016470219

South

Africa

Ltd.,

B

....

Broadline

Retail

4,646,498

—

—

South

Korea

1.8%

Samsung

Electronics

Co.

Ltd.

.......

Technology

Hardware,

Storage

&

Peripherals

141,926

6,993,344

Switzerland

1.7%

Adecco

Group

AG

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

Professional

Services

175,731

6,401,359

Taiwan

0.8%

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

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

Semiconductors

&

Semiconductor

Equipment

181,300

3,168,836

United

Kingdom

5.5%

Barratt

Developments

plc

..........

Household

Durables

368,266

2,119,464

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Templeton

Global

Balanced

Fund

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

3

a

a

Industry

Shares

a

Value

a

Common

Stocks

(continued)

United

Kingdom

(continued)

BP

plc

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

Oil,

Gas

&

Consumable

Fuels

679,989

$

4,298,236

CK

Hutchison

Holdings

Ltd.

.........

Industrial

Conglomerates

531,500

3,288,182

Imperial

Brands

plc

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

Tobacco

162,551

3,738,274

Persimmon

plc

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

Household

Durables

162,667

2,526,052

Unilever

plc

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

Personal

Care

Products

100,533

5,209,945

21,180,153

United

States

21.9%

a

Alphabet,

Inc.,

A

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

Interactive

Media

&

Services

54,959

5,700,897

American

Express

Co.

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

Consumer

Finance

19,614

3,235,329

Bank

of

America

Corp.

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

Banks

102,349

2,927,181

Bath

&

Body

Works,

Inc.

...........

Specialty

Retail

47,345

1,731,880

Citigroup,

Inc.

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

Banks

96,300

4,515,507

Comcast

Corp.,

A

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

Media

109,756

4,160,850

a

Delta

Air

Lines,

Inc.

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

Passenger

Airlines

73,388

2,562,709

DuPont

de

Nemours,

Inc.

..........

Chemicals

55,237

3,964,359

a

DXC

Technology

Co.

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

IT

Services

70,348

1,798,095

FedEx

Corp.

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

Air

Freight

&

Logistics

17,683

4,040,389

Fidelity

National

Information

Services,

Inc.

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

Financial

Services

123,523

6,711,005

International

Paper

Co.

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

Containers

&

Packaging

54,778

1,975,295

Lithia

Motors,

Inc.,

A

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

Specialty

Retail

8,790

2,012,295

LyondellBasell

Industries

NV,

A

......

Chemicals

32,773

3,077,057

Medtronic

plc

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

Health

Care

Equipment

&

Supplies

51,600

4,159,992

a

NCR

Corp.

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

Software

208,585

4,920,520

Paramount

Global,

B

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

Media

300,901

6,713,101

a

Salesforce,

Inc.

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

Software

18,509

3,697,728

Stanley

Black

&

Decker,

Inc.

........

Machinery

47,190

3,802,570

Tapestry,

Inc.

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

Textiles,

Apparel

&

Luxury

Goods

91,733

3,954,610

Target

Corp.

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

Consumer

Staples

Distribution

&

Retail

20,813

3,447,257

Wells

Fargo

&

Co.

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

Banks

122,392

4,575,013

83,683,639

Total

Common

Stocks

(Cost

$184,269,731)

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

190,935,028

Principal

Amount

*

a

a

a

a

a

Corporate

Bonds

0.0%

South

Africa

0.0%

b,d,e

K2016470219

South

Africa

Ltd.

,

Senior

Secured

Note,

144A,

PIK,

3%,

1/06/23

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

Broadline

Retail

2,851,217

—

Senior

Secured

Note,

144A,

PIK,

8%,

1/06/23

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

Broadline

Retail

2,929,327

EUR

—

b,d,e

K2016470260

South

Africa

Ltd.

,

Senior

Secured

Note

,

144A,

PIK,

25

%

,

1/06/23

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

Broadline

Retail

1,782,466

—

—

Total

Corporate

Bonds

(Cost

$4,389,520)

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

—

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Templeton

Global

Balanced

Fund

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

4

a

a

Industry

Principal

Amount

*

a

Value

a

a

a

a

a

a

Foreign

Government

and

Agency

Securities

35.5%

Brazil

2.5%

Brazil

Notas

do

Tesouro

Nacional

,

10%,

1/01/27

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

35,450,000

BRL

$

6,584,574

10%,

1/01/29

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

7,800,000

BRL

1,391,982

10%,

1/01/31

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

8,880,000

BRL

1,538,687

9,515,243

Colombia

3.8%

Colombia

Government

Bond,

Senior

Bond,

9.85%,

6/28/27

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

83,000,000

COP

16,685

Colombia

Titulos

de

Tesoreria

,

B,

10%,

7/24/24

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

1,615,000,000

COP

343,650

B,

6.25%,

11/26/25

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

11,079,000,000

COP

2,133,067

B,

7.5%,

8/26/26

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

41,638,500,000

COP

8,055,556

B,

5.75%,

11/03/27

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

7,652,000,000

COP

1,332,053

B,

6%,

4/28/28

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

3,265,000,000

COP

562,493

B,

7.75%,

9/18/30

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

4,739,000,000

COP

832,103

B,

7%,

3/26/31

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

1,931,200,000

COP

319,282

B,

7%,

6/30/32

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

4,490,000,000

COP

715,100

B,

6.25%,

7/09/36

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

1,017,000,000

COP

138,469

14,448,458

Dominican

Republic

1.1%

e

Dominican

Republic

Government

Bond

,

Senior

Bond,

144A,

5.3%,

1/21/41

..

2,030,000

1,587,422

Senior

Bond,

144A,

6.4%,

6/05/49

..

760,000

636,862

Senior

Bond,

144A,

5.875%,

1/30/60

2,634,000

2,023,705

4,247,989

Ecuador

0.9%

e

Ecuador

Government

Bond

,

Senior

Bond,

144A,

2.5%,

7/31/35

..

6,275,000

2,118,178

Senior

Bond,

144A,

1.5%,

7/31/40

..

599,000

182,266

Senior

Note,

144A,

5.5%,

7/31/30

..

2,460,000

1,155,808

3,456,252

Egypt

1.4%

e

Egypt

Government

Bond

,

Senior

Bond,

144A,

7.625%,

5/29/32

710,000

452,625

Senior

Bond,

144A,

7.3%,

9/30/33

..

1,620,000

998,876

Senior

Bond,

144A,

8.5%,

1/31/47

..

2,840,000

1,656,285

Senior

Bond,

144A,

7.903%,

2/21/48

240,000

133,682

Senior

Bond,

144A,

8.7%,

3/01/49

..

200,000

117,555

Senior

Bond,

144A,

8.875%,

5/29/50

780,000

462,315

Senior

Bond,

144A,

8.75%,

9/30/51

.

2,210,000

1,297,659

Senior

Bond,

144A,

7.5%,

2/16/61

..

510,000

277,244

5,396,241

El

Salvador

0.0%

†

e

El

Salvador

Government

Bond,

Senior

Bond,

144A,

7.65%,

6/15/35

.......

100,000

47,524

Germany

0.6%

e

Bundesobligation,

Reg

S,

10/18/24

...

547,000

EUR

569,150

e

Bundesrepublik

Deutschland,

Reg

S,

6.25%,

1/04/24

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

536,000

EUR

596,038

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Templeton

Global

Balanced

Fund

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

5

a

a

Industry

Principal

Amount

*

a

Value

a

a

a

a

a

a

Foreign

Government

and

Agency

Securities

(continued)

Germany

(continued)

e

Bundesschatzanweisungen,

Reg

S,

0.4%,

9/13/24

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

1,185,000

EUR

$

1,242,782

2,407,970

Ghana

1.1%

d

Ghana

Government

Bond

,

PIK,

8.35%,

2/16/27

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

5,424,076

GHS

411,984

PIK,

8.5%,

2/15/28

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

5,424,076

GHS

421,272

PIK,

8.65%,

2/13/29

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

5,384,374

GHS

409,186

PIK,

8.8%,

2/12/30

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

5,384,374

GHS

397,829

PIK,

8.95%,

2/11/31

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

4,847,871

GHS

351,359

PIK,

9.1%,

2/10/32

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

4,847,871

GHS

349,993

PIK,

9.25%,

2/08/33

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

4,847,871

GHS

347,886

PIK,

9.4%,

2/07/34

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

4,292,036

GHS

305,203

PIK,

9.55%,

2/06/35

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

4,292,036

GHS

302,906

PIK,

9.7%,

2/05/36

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

4,292,036

GHS

300,195

PIK,

9.85%,

2/03/37

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

4,292,036

GHS

299,809

PIK,

10%,

2/02/38

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

4,292,036

GHS

299,811

4,197,433

Hungary

2.0%

Hungary

Government

Bond

,

1%,

11/26/25

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

1,242,000,000

HUF

2,789,499

3%,

10/27/27

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

106,800,000

HUF

232,055

4.75%,

11/24/32

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

2,203,700,000

HUF

4,776,862

7,798,416

India

4.7%

India

Government

Bond

,

7.26%,

1/14/29

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

227,500,000

INR

2,780,561

Senior

Bond,

7.26%,

8/22/32

......

664,300,000

INR

8,082,930

Senior

Note,

7.1%,

4/18/29

.......

577,200,000

INR

6,976,185

17,839,676

Indonesia

4.4%

Indonesia

Government

Bond

,

FR46,

9.5%,

7/15/23

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

3,321,000,000

IDR

224,084

FR70,

8.375%,

3/15/24

..........

18,538,000,000

IDR

1,264,755

FR81,

6.5%,

6/15/25

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

50,707,000,000

IDR

3,393,881

FR86,

5.5%,

4/15/26

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

67,697,000,000

IDR

4,405,982

FR95,

6.375%,

8/15/28

..........

28,742,000,000

IDR

1,920,373

f

FR96,

7%,

2/15/33

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

80,240,000,000

IDR

5,446,281

16,655,356

Malaysia

4.5%

Malaysia

Government

Bond

,

3.882%,

3/14/25

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

2,150,000

MYR

493,426

3.955%,

9/15/25

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

8,870,000

MYR

2,040,926

3.906%,

7/15/26

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

16,610,000

MYR

3,826,384

3.9%,

11/30/26

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

3,890,000

MYR

894,254

3.892%,

3/15/27

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

90,000

MYR

20,627

3.502%,

5/31/27

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

1,080,000

MYR

244,361

3.899%,

11/16/27

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

34,380,000

MYR

7,911,150

3.733%,

6/15/28

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

5,080,000

MYR

1,153,252

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Templeton

Global

Balanced

Fund

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

6

a

a

Industry

Principal

Amount

*

a

Value

a

a

a

a

a

a

Foreign

Government

and

Agency

Securities

(continued)

Malaysia

(continued)

Malaysia

Government

Bond,

(continued)

4.498%,

4/15/30

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

1,700,000

MYR

$

401,484

16,985,864

Mexico

1.2%

Mexican

Bonos

Desarr

Fixed

Rate

,

M,

7.5%,

5/26/33

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

76,820,000

MXN

3,888,557

M

20,

Senior

Bond,

8.5%,

5/31/29

..

13,800,000

MXN

754,097

4,642,654

Mongolia

0.5%

e

Mongolia

Government

Bond

,

Senior

Bond,

144A,

4.45%,

7/07/31

.

1,450,000

1,082,657

Senior

Note,

144A,

5.125%,

4/07/26

.

200,000

177,500

Senior

Note,

144A,

3.5%,

7/07/27

..

1,000,000

800,000

2,060,157

South

Korea

4.9%

Korea

Treasury

Bonds

,

1.375%,

9/10/24

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

5,035,400,000

KRW

3,751,408

3%,

9/10/24

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

745,000,000

KRW

567,903

2.375%,

3/10/27

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

14,740,000,000

KRW

10,915,470

Senior

Note,

1.125%,

6/10/24

......

4,895,400,000

KRW

3,653,082

18,887,863

Sri

Lanka

0.3%

e,g

Sri

Lanka

Government

Bond

,

Senior

Bond,

144A,

6.85%,

11/03/25

600,000

222,033

Senior

Bond,

144A,

6.2%,

5/11/27

..

1,600,000

576,331

Senior

Bond,

144A,

6.75%,

4/18/28

.

200,000

72,009

Senior

Bond,

144A,

7.85%,

3/14/29

.

200,000

71,993

Senior

Note,

144A,

5.75%,

4/18/23

..

200,000

72,015

Senior

Note,

144A,

6.35%,

6/28/24

..

400,000

144,979

1,159,360

Thailand

1.6%

Thailand

Government

Bond

,

0.75%,

9/17/24

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

54,930,000

THB

1,583,348

1%,

6/17/27

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

119,490,000

THB

3,360,382

Senior

Note,

0.66%,

11/22/23

......

35,490,000

THB

1,031,275

5,975,005

Total

Foreign

Government

and

Agency

Securities

(Cost

$147,805,956)

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

135,721,461

U.S.

Government

and

Agency

Securities

1.0%

United

States

1.0%

U.S.

Treasury

Notes,

1.75%,

12/31/24

.

3,955,000

3,795,487

Total

U.S.

Government

and

Agency

Securities

(Cost

$3,783,776)

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

3,795,487

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Templeton

Global

Balanced

Fund

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

7

a

a

Industry

Shares

a

Value

a

a

a

a

a

a

Escrows

and

Litigation

Trusts

0.0%

a,b

K2016470219

South

Africa

Ltd.,

Escrow

Account

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

168,113

$

—

Total

Escrows

and

Litigation

Trusts

(Cost

$–)

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

—

Total

Long

Term

Investments

(Cost

$340,248,983)

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

330,451,976

Short

Term

Investments

10.7%

a

a

Industry

Principal

Amount

*

a

Value

a

a

a

a

a

a

Foreign

Government

and

Agency

Securities

6.6%

Brazil

1.2%

h

Brazil

Letras

do

Tesouro

Nacional

,

1/01/25

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

27,940,000

BRL

4,512,162

Germany

0.5%

h

Germany

Treasury

Bills

,

e

Reg

S,

9/20/23

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

322,000

EUR

344,603

e

Reg

S,

10/18/23

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

1,474,000

EUR

1,573,773

1,918,376

Japan

4.9%

h

Japan

Treasury

Bills

,

4/10/23

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

80,900,000

JPY

609,407

5/10/23

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

520,000,000

JPY

3,918,003

6/19/23

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

251,600,000

JPY

1,896,161

9/20/23

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

901,200,000

JPY

6,794,848

10/20/23

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

108,700,000

JPY

819,655

12/20/23

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

101,000,000

JPY

761,691

2/20/24

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

519,300,000

JPY

3,916,461

18,716,226

Total

Foreign

Government

and

Agency

Securities

(Cost

$24,212,289)

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

25,146,764

Shares

Money

Market

Funds

4.1%

United

States

4.1%

i,j

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.371%

.........

15,649,464

15,649,464

Total

Money

Market

Funds

(Cost

$15,649,464)

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

15,649,464

a

a

a

a

a

Total

Short

Term

Investments

(Cost

$39,861,753

)

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

40,796,228

a

a

a

Total

Investments

(Cost

$380,110,736)

97.2%

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

$371,248,204

Other

Assets,

less

Liabilities

2.8%

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

10,622,900

Net

Assets

100.0%

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

$381,871,104

a

a

a

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Templeton

Global

Balanced

Fund

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

8

At

March

31,

2023,

the

Fund

had

the

following

forward

exchange

contracts

outstanding.

*

The

principal

amount

is

stated

in

U.S.

dollars

unless

otherwise

indicated.

†

Rounds

to

less

than

0.1%

of

net

assets.

a

Non-income

producing.

b

Fair

valued

using

significant

unobservable

inputs.

See

Note

5

regarding

fair

value

measurements.

c

See

Note

3

regarding

restricted

securities.

d

Income

may

be

received

in

additional

securities

and/or

cash.

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

March

31,

2023,

the

aggregate

value

of

these

securities

was

$20,693,869,

representing

5.4%

of

net

assets.

f

A

portion

or

all

of

the

security

purchased

on

a

delayed

delivery

basis.

g

Defaulted

security

or

security

for

which

income

has

been

deemed

uncollectible.

h

The

security

was

issued

on

a

discount

basis

with

no

stated

coupon

rate.

i

See

Note

4

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

a

a

a

a

a

a

a

OTC

Forward

Exchange

Contracts

Chilean

Peso

......

JPHQ

Buy

878,000,000

1,094,695

4/10/23

$

9,334

$

—

Chilean

Peso

......

JPHQ

Sell

878,000,000

1,096,676

4/10/23

—

(7,353)

Indian

Rupee

......

HSBK

Buy

130,568,000

1,567,857

4/10/23

20,659

—

Indian

Rupee

......

HSBK

Sell

130,568,000

1,587,549

4/10/23

—

(966)

Chilean

Peso

......

GSCO

Buy

769,260,000

919,881

4/18/23

46,798

—

Chilean

Peso

......

JPHQ

Buy

764,848,911

932,970

4/20/23

28,014

—

Euro

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

BZWS

Buy

1,316,000

1,386,028

4/25/23

42,870

—

Euro

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

BZWS

Sell

1,316,000

1,461,675

4/25/23

32,776

—

Euro

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

DBAB

Buy

3,667,000

3,871,411

4/25/23

110,177

—

Euro

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

DBAB

Sell

3,667,000

3,655,904

4/25/23

—

(325,684)

Norwegian

Krone

...

MSCO

Buy

45,160,000

4,577,893

4/27/23

—

(258,035)

Australian

Dollar

....

MSCO

Buy

6,050,000

4,310,474

4/28/23

—

(262,346)

Canadian

Dollar

....

HSBK

Buy

4,808,000

3,603,077

5/03/23

—

(44,093)

Canadian

Dollar

....

HSBK

Sell

3,164,673

2,180,379

EUR

5/03/23

25,903

—

Canadian

Dollar

....

JPHQ

Buy

8,994,000

6,588,712

5/03/23

68,838

—

Canadian

Dollar

....

JPHQ

Sell

8,994,015

6,193,513

EUR

5/03/23

70,210

—

Euro

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

HSBK

Sell

2,325,837

3,164,673

CAD

5/03/23

—

(183,907)

Euro

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

JPHQ

Buy

669,000

708,383

5/03/23

18,326

—

Euro

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

JPHQ

Sell

669,000

670,606

5/03/23

—

(56,102)

Euro

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

JPHQ

Sell

6,610,282

8,994,016

CAD

5/03/23

—

(522,930)

Australian

Dollar

....

CITI

Buy

4,070,000

2,807,840

5/08/23

—

(83,508)

Chilean

Peso

......

JPHQ

Buy

764,851,089

949,300

5/08/23

10,135

—

Australian

Dollar

....

DBAB

Buy

4,070,000

2,819,737

5/09/23

—

(95,299)

Chilean

Peso

......

GSCO

Buy

2,000,142,166

2,463,988

5/09/23

44,692

—

Chilean

Peso

......

MSCO

Buy

1,449,610,000

1,808,283

5/17/23

8,073

—

Australian

Dollar

....

DBAB

Buy

4,563,000

3,156,090

5/22/23

—

(100,099)

Australian

Dollar

....

JPHQ

Buy

4,277,000

2,960,967

5/22/23

—

(96,519)

South

Korean

Won

..

MSCO

Buy

3,386,000,000

2,620,398

5/22/23

—

(21,061)

Euro

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

BZWS

Buy

3,950,000

4,331,017

5/30/23

—

(33,275)

Chinese

Yuan

......

CITI

Buy

30,403,810

4,417,810

6/07/23

29,444

—

Chinese

Yuan

......

CITI

Sell

30,403,810

4,472,542

6/07/23

25,287

—

Japanese

Yen

......

BOFA

Buy

853,112,100

6,420,411

6/15/23

75,022

—

Japanese

Yen

......

DBAB

Buy

1,110,438,260

8,278,827

6/15/23

175,838

—

Chinese

Yuan

......

CITI

Buy

19,903,590

2,931,525

6/21/23

—

(16,794)

Chinese

Yuan

......

CITI

Sell

19,903,590

2,923,301

6/21/23

8,570

—

Japanese

Yen

......

BOFA

Buy

482,398,360

3,646,384

6/21/23

29,799

—

Japanese

Yen

......

JPHQ

Buy

251,863,750

1,898,924

6/21/23

20,438

—

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Templeton

Global

Balanced

Fund

(continued)

See

Notes

to

Schedule

of

Investments.

Quarterly

Schedule

of

Investments

9

At

March

31,

2023,

th

e

Fund

had

the

following

interest

rate

swap

contracts

outstanding.

Forward

Exchange

Contracts

(continued)

Currency

Counter-

party

a

Type

Quantity

Contract

Amount*

Settlement

Date

Unrealized

Appreciation

Unrealized

Depreciation

a

a

a

a

a

a

a

a

OTC

Forward

Exchange

Contracts

(continued)

South

Korean

Won

..

HSBK

Buy

6,929,000,000

5,244,872

6/21/23

$

83,862

$

—

Chilean

Peso

......

JPHQ

Buy

902,000,000

1,118,344

7/05/23

1,888

—

Indian

Rupee

......

HSBK

Buy

130,568,000

1,579,235

7/10/23

1,779

—

Canadian

Dollar

....

JPHQ

Buy

2,771,610

2,077,295

7/19/23

—

(22,920)

Chilean

Peso

......

GSCO

Buy

1,058,979,026

1,059,925

7/26/23

252,144

—

Mexican

Peso

......

MSCO

Buy

2,467,000

119,375

8/04/23

14,264

—

Mexican

Peso

......

MSCO

Sell

2,467,000

111,654

8/04/23

—

(21,985)

Australian

Dollar

....

MSCO

Buy

6,160,000

4,162,312

9/11/23

—

(19,674)

Norwegian

Krone

...

DBAB

Buy

40,861,000

3,907,339

9/11/23

23,648

—

Thai

Baht

.........

DBAB

Buy

130,900,000

3,794,753

9/13/23

95,683

—

Japanese

Yen

......

BNDP

Buy

239,887,530

1,835,968

9/20/23

16,641

—

Mexican

Peso

......

CITI

Buy

6,638,000

316,631

10/23/23

37,348

—

Mexican

Peso

......

CITI

Sell

6,638,000

288,992

10/23/23

—

(64,987)

Mexican

Peso

......

MSCO

Buy

7,426,000

326,882

9/03/24

49,134

—

Mexican

Peso

......

MSCO

Sell

7,426,000

315,711

9/03/24

—

(60,306)

Total

Forward

Exchange

Contracts

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

$1,477,594

$(2,297,843)

Net

unrealized

appreciation

(depreciation)

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

$(820,249)

*

In

U.S.

dollars

unless

otherwise

indicated.

a

May

be

comprised

of

multiple

contracts

with

the

same

counterparty,

currency

and

settlement

date.

Interest

Rate

Swap

Contracts

Description

Payment

Frequency

Counter-

party

Maturity

Date

Notional

Amount

*

Value

Upfront

Payments

(Receipts)

Unrealized

Appreciation

(Depreciation)

aa

aa

aa

aa

Centrally

Cleared

Swap

Contracts

Receive

Fixed

4.422%

.

Annual

Pay

Floating

1-day

SOFR

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

Annual

12/14/24

9,980,000

$

22,594

$

—

$

22,594

Receive

Fixed

4.416%

.

Annual

Pay

Floating

1-day

SOFR

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

Annual

1/03/25

9,980,000

28,843

—

28,843

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

1.811%

...

Annual

3/15/32

1,600,000

173,553

—

173,553

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

2.176%

...

Annual

3/28/32

890,000

70,904

—

70,904

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

2.257%

...

Annual

3/30/32

890,000

68,896

—

68,896

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

2.253%

...

Annual

3/31/32

890,000

67,546

—

67,546

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

2.418%

...

Annual

4/11/32

1,200,000

77,266

—

77,266

Receive

Floating

1-day

SOFR

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

Annual

Templeton

Global

Investment

Trust

Schedule

of

Investments

(unaudited)

Templeton

Global

Balanced

Fund

(continued)

Quarterly

Schedule

of

Investments

See

Notes

to

Schedule

of

Investments.

10

See

Abbreviations

on

page

1

5

.

Interest

Rate

Swap

Contracts

(continued)

Description

Payment

Frequency

Counter-

party

Maturity

Date

Notional

Amount*

Value

Upfront

Payments

(Receipts)

Unrealized

Appreciation

(Depreciation)

aa

aa

aa

aa

Centrally

Cleared

Swap

Contracts

(continued)

Pay

Fixed

2.463%

...

Annual

4/18/32

580,000

$

35,331

$

—

$

35,331

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

2.541%

...

Annual

4/19/32

310,000

16,782

—

16,782

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

2.549%

...

Annual

4/19/32

770,000

41,147

—

41,147

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

2.67%

....

Annual

4/21/32

760,000

32,677

—

32,677

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

2.645%

...

Annual

5/16/32

225,000

10,599

—

10,599

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

2.741%

...

Annual

5/19/32

725,000

28,117

—

28,117

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

2.662%

...

Annual

6/02/32

948,000

47,250

—

47,250

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

2.989%

...

Annual

6/30/32

742,000

17,422

—

17,422

Receive

Floating

1-day

SOFR

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

Annual

Pay

Fixed

2.612%

...

Annual

7/07/32

735,000

38,852

—

38,852

Total

Interest

Rate

Swap

Contracts

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

$777,779

$

—

$777,779

*

In

U.S.

dollars

unless

otherwise

indicated.

Templeton

Global

Investment

Trust

11

Quarterly

Schedule

of

Investments

Notes

to

Schedule

of

Investments

(unaudited)

Templeton

Global

Balanced

Fund

1.

Organization

Templeton

Global

Investment

Trust (Trust)

is

registered

under

the

Investment

Company

Act

of

1940

(1940

Act)

as

an

open-

end

management

investment

company,

consisting

of three

separate

funds, one

of

which

is

included

in

this

report

(Fund).

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

Trust’s

Board

of

Trustees

(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

and

derivative

financial

instruments

listed

on

an

exchange

or

on

the

NASDAQ

National

Market

System

are

valued

at

the

last

quoted

sale

price

or

the

official

closing

price

of

the

day,

respectively.

Foreign

equity

securities

are

valued

as

of

the

close

of

trading

on

the

foreign

stock

exchange

on

which

the

security

is

primarily

traded

or

as

of

4

p.m.

Eastern

time.

The

value

is

then

converted

into

its

U.S.

dollar

equivalent

at

the

foreign

exchange

rate

in

effect

at

4

p.m. Eastern

time

on

the

day

that

the

value

of

the

security

is

determined.

Over-the-counter

(OTC)

securities

are

valued

within

the

range

of

the

most

recent

quoted

bid

and

ask

prices.

Securities

that

trade

in

multiple

markets

or

on

multiple

exchanges

are

valued

according

to

the

broadest

and

most

representative

market.

Certain

equity

securities

are

valued

based

upon

fundamental

characteristics

or

relationships

to

similar

securities. 

Debt

securities

generally

trade

in

the

OTC

market

rather

than

on

a

securities

exchange.

The Fund's

pricing

services

use

multiple

valuation

techniques

to

determine

fair

value.

In

instances

where

sufficient

market

activity

exists,

the

pricing

services

may

utilize

a

market-based

approach

through

which

quotes

from

market

makers

are

used

to

determine

fair

value.

In

instances

where

sufficient

market

activity

may

not

exist

or

is

limited,

the

pricing

services

also

utilize

proprietary

valuation

models

which

may

consider

market

characteristics

such

as

benchmark

yield

curves,

credit

spreads,

estimated

default

rates,

anticipated

market

interest

rate

volatility,

coupon

rates,

anticipated

timing

of

principal

repayments,

underlying

collateral,

and

other

unique

security

features

in

order

to

estimate

the

relevant

cash

flows,

which

are

then

discounted

to

calculate

the

fair

value.

Securities

denominated

in

a

foreign

currency

are

converted

into

their

U.S.

dollar

equivalent

at

the

foreign

exchange

rate

in

effect

at

4

p.m.

Eastern

time

on

the

date

that

the

values

of

the

foreign

debt

securities

are

determined.

Investments

in

open-end

mutual

funds

are

valued

at

the

closing

NAV.

Certain

derivative

financial

instruments

are

centrally

cleared

or

trade

in

the

OTC

market.

The

Fund's

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

Fund's

net

benefit

or

obligation

under

the

derivative

contract,

as

measured

by

the

fair

value

of

the

contract,

is

included

in

net

assets.

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

Templeton

Global

Investment

Trust

Notes

to

Schedule

of

Investments

(unaudited)

12

Quarterly

Schedule

of

Investments

Templeton

Global

Balanced

Fund

(continued)

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,

2023,

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.

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. Restricted

Securities 

At

March

31,

2023,

investments

in

restricted

securities,

excluding

securities

exempt

from

registration

under

the

Securities

Act

of

1933,

were

as

follows:

Shares

Issuer

Acquisition

Date

Cost

Value

Templeton

Global

Balanced

Fund

32,900,733

a

K2016470219

South

Africa

Ltd.,

A

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

2/08/13

-

2/01/17

$

81,025

$

—

4,646,498

a

K2016470219

South

Africa

Ltd.,

B

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

2/01/17

3,450

—

Total

Restricted

Securities

(Value

is

—%

of

Net

Assets)

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

$84,475

$—

a

The

Fund

also

invests

in

unrestricted

securities

of

the

issuer,

valued

at

$

0

as

of

March

31,

2023.

2. Financial

Instrument

Valuation

(continued)

Templeton

Global

Investment

Trust

Notes

to

Schedule

of

Investments

(unaudited)

13

Quarterly

Schedule

of

Investments

Templeton

Global

Balanced

Fund

(continued)

4.

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,

2023,

the

Fund

held

investments

in

affiliated

management

investment

companies

as

follows: 

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.

    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

Global

Balanced

Fund

Non-Controlled

Affiliates

Dividends

Institutional

Fiduciary

Trust

-

Money

Market

Portfolio,

4.371%

$

9,495,771

$

39,751,936

$

(33,598,243)

$

—

$

—

$

15,649,464

15,649,464

$

194,110

Total

Affiliated

Securities

...

$9,495,771

$39,751,936

$(33,598,243)

$—

$—

$15,649,464

$194,110

Templeton

Global

Investment

Trust

Notes

to

Schedule

of

Investments

(unaudited)

14

Quarterly

Schedule

of

Investments

Templeton

Global

Balanced

Fund

(continued)

A

summary

of

inputs

used

as

of

March

31,

2023,

in

valuing

the

Fund's

assets

and

liabilities

carried

at

fair

value,

is

as

follows:

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.

Level

1

Level

2

Level

3

Total

Templeton

Global

Balanced

Fund

Assets:

Investments

in

Securities:

Common

Stocks

:

China

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

$

—

$

11,633,751

$

—

$

11,633,751

France

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

—

6,717,616

—

6,717,616

Germany

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

—

29,007,104

—

29,007,104

Hong

Kong

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

—

5,426,487

—

5,426,487

Hungary

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

—

2,764,584

—

2,764,584

Japan

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

—

7,467,878

—

7,467,878

Netherlands

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

—

6,490,277

—

6,490,277

South

Africa

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

—

—

—

a

—

South

Korea

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

—

6,993,344

—

6,993,344

Switzerland

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

—

6,401,359

—

6,401,359

Taiwan

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

—

3,168,836

—

3,168,836

United

Kingdom

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

—

21,180,153

—

21,180,153

United

States

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

83,683,639

—

—

83,683,639

Corporate

Bonds

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

—

—

—

a

—

Foreign

Government

and

Agency

Securities

....

—

135,721,461

—

135,721,461

U.S.

Government

and

Agency

Securities

.......

—

3,795,487

—

3,795,487

Escrows

and

Litigation

Trusts

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

—

—

—

a

—

Short

Term

Investments

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

15,649,464

25,146,764

—

40,796,228

Total

Investments

in

Securities

...........

$99,333,103

$271,915,101

b

$—

$371,248,204

Other

Financial

Instruments:

Forward

exchange

contracts

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

$

—

$

1,477,594

$

—

$

1,477,594

Swap

contracts

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

—

777,779

—

777,779

Total

Other

Financial

Instruments

.........

$—

$2,255,373

$—

$2,255,373

Liabilities:

Other

Financial

Instruments:

Forward

exchange

contracts

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

$

—

$

2,297,843

$

—

$

2,297,843

Total

Other

Financial

Instruments

.........

$—

$2,297,843

$—

$2,297,843

a

Includes

financial

instruments

determined

to

have

no

value

at

March

31,

2023.

b

Includes

foreign

securities

valued

at

$107,251,389,

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.

5. Fair

Value

Measurements 

(continued)

Templeton

Global

Investment

Trust

Notes

to

Schedule

of

Investments

(unaudited)

15

Quarterly

Schedule

of

Investments

Templeton

Global

Balanced

Fund

(continued)

Abbreviations

Counterparty

BNDP

BNP

Paribas

SA

BOFA

Bank

of

America

Corp.

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

Selected

Portfolio

PIK

Payment-In-Kind

SOFR

Secured

Overnight

Financing

Rate

Currency

BRL

Brazilian

Real

CAD

Canadian

Dollar

COP

Colombian

Peso

EUR

Euro

GBP

British

Pound

GHS

Ghanaian

Cedi

HKD

Hong

Kong

Dollar

HUF

Hungarian

Forint

IDR

Indonesian

Rupiah

INR

Indian

Rupee

JPY

Japanese

Yen

KRW

South

Korean

Won

MXN

Mexican

Peso

MYR

Malaysian

Ringgit

NOK

Norwegian

Krone

THB

Thai

Baht

USD

United

States

Dollar

For

additional

information

on

the

Fund's

significant

accounting

policies,

please

refer

to

the Fund's

most

recent

semiannual

or

annual

shareholder

report.