UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-17F-2

CERTIFICATE OF ACCOUNTING OF SECURITIES AND SIMILAR

INVESTMENTS IN THE CUSTODY OF

MANAGEMENT INVESTMENT COMPANIES

PURSUANT TO RULE N-17F-2 [17 CFR 270.17f-2]

	1. Investment Company Act File Number:				Date Examination completed:
	811 -05459				May 20, 2020

	2. State Identification Number:

	AL	AK	AZ	AR		CA	CO
	CT	DE	DC	FL		GA	HI
	ID	IL	IN	IA		KS	KY
	LA	ME	MD	MA		MI	MN
	MS	MO	MT	NE		NV	NH
	NJ	NM	NY	NC		ND	OH
	OK	OR	PA	RI		SC	SD
	TN	TX	UT	VT		VA	WA
	WV	WI	WY	PUERTO RICO

	3. Exact name of investment company as specified in registration statement:

Templeton Global Income Fund



	4. Address of principal executive office: (number, street, city, state, zip code)
	300 S.E. 2^nd Street, Fort Lauderdale, FL 33301-1923

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Report of Independent Accountants

To the Board of Trustees of

Templeton Global Investment Trust

Franklin Real Estate Securities Trust

Franklin Strategic Series

Franklin High Income Trust

Institutional Fiduciary Trust

Franklin Global Trust

Franklin Gold and Precious Metals Fund

Franklin Universal Trust

Templeton China World Fund

Templeton Emerging Markets Fund

Templeton Emerging Markets Income Fund

Templeton Funds

Templeton Global Income Fund

Templeton Global Smaller Companies Fund

Templeton Income Trust

Franklin Custodian Funds

Franklin Strategic Mortgage Portfolio

Franklin Investors Securities Trust

Franklin Templeton Global Trust

Franklin Templeton International Trust

Templeton Developing Markets Trust

Franklin Fund Allocator Series

Franklin Templeton Variable Insurance Products Trust

Templeton Institutional Funds

Franklin ETF Trust

Franklin Managed Trust

Franklin Limited Duration Income Trust

Franklin Templeton ETF Trust

and the Board of Directors of

Templeton Growth Fund, Inc.

Templeton Dragon Fund, Inc.

We have examined management's assertion, included in the accompanying Management Statement Regarding Compliance with Certain Provisions of the Investment Company Act of 1940, that each of the Funds listed in Attachment I (the “Funds”) complied with the requirements of subsections (b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 (“the Act”) as of May 31, 2019. The Funds’ management is responsible for its assertion and the Company’s compliance with those requirements. Our responsibility is to express an opinion on management's assertion about the Funds' compliance with the specified requirements based on our examination.

Our examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether management’s assertion about compliance with the specified requirements is fairly stated, in all material respects, and, accordingly, included examining, on a test basis, evidence about the Funds' compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. Included among our procedures were the following tests performed as of May 31, 2019, and with respect to agreement of security purchases and sales, for the period from February 28, 2019 (the date of our last examinations), through May 31, 2019:

Without prior notice to management, confirmation of all securities held by Franklin Templeton Investors Services, Inc., transfer agent, as they pertain to the security positions owned by the Funds and held in book entry form.
Reconciliation of such security positions to the books and records of the Funds.
Agreement of 55 security purchases and 55 security sales, since our last report, from the books and records of the Funds to the records of the transfer agent.

We believe that our examination provides, and that the evidence we obtained is sufficient and appropriate to provide, a reasonable basis for our opinion. Our examination does not provide a legal determination on the Funds' compliance with specified requirements.

In our opinion, management's assertion that the Funds complied with the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of May 31, 2019 with respect to securities reflected in the investment accounts of the Funds is fairly stated, in all material respects.

This report is intended solely for the information and use of management and the Board of Directors and Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/PRICEWATERHOUSECOOPERS, LLP

May 20, 2020

Management Statement Regarding Compliance with Certain

Provisions of the Investment Company Act of 1940

We, as members of management of the Franklin Templeton Funds indicated in Attachment I (the “Funds”), are responsible for complying with the requirements of subsections (b) and (c) of Rule 17f-2, “Custody of Investments by Registered Management Investment Companies,” of the Investment Company Act of 1940. We are also responsible for establishing and maintaining effective internal controls over compliance with those requirements. We have performed an evaluation of the Funds’ compliance with the requirements of subsection (b) of Rule 17f-2 as of May 31, 2019, and for the periods indicated in Attachment I.

Based on this evaluation, we assert that the Funds were in compliance with the requirements of subsection (b) of Rule 17f-2 as of May 31, 2019, and for the periods indicated in Attachment I, with respect to securities reflected in the investment accounts of the Funds.

By:

/s/GASTON GARDEY

Gaston Gardey

Chief Financial Officer and Chief Accounting Officer

Franklin Funds Board

Date May 20, 2020

/s/ROBERT G. KUBILIS

Robert G. Kubilis

Chief Financial Officer and Chief Accounting Officer

Templeton, New Jersey and Alternative Strategies Funds Board

Date May 20, 2020

/s/MATTHEW T. HINKLE

Matthew T. Hinkle

Chief Executive Officer - Finance and Administration

Date May 20, 2020

Attachment I

*Fund*		*Period*
*Templeton Global Investment Trust:*
	Templeton Emerging Markets Balanced Fund		February 28, 2019 – May 31, 2019
	Templeton Emerging Markets Small Cap Fund		February 28, 2019 – May 31, 2019
	Templeton Frontier Markets Fund		February 28, 2019 – May 31, 2019
	Templeton Global Balanced Fund		February 28, 2019 – May 31, 2019
	Templeton Dynamic Equity Fund		February 28, 2019 – May 31, 2019

*Franklin Real Estate Securities Trust:*
	Franklin Real Estate Securities Fund		February 28, 2019 – May 31, 2019

*Franklin Strategic Series:*
	Franklin Biotechnology Discovery Fund		February 28, 2019 – May 31, 2019
	Franklin Flexible Alpha Bond Fund		February 28, 2019 – May 31, 2019
	Franklin Select U.S. Equity Fund		February 28, 2019 – May 31, 2019
	Franklin Growth Opportunities Fund		February 28, 2019 – May 31, 2019
	Franklin Natural Resources Fund		February 28, 2019 – May 31, 2019
	Franklin Small Cap Growth Fund		February 28, 2019 – May 31, 2019
	Franklin Small-Mid Cap Growth Fund		February 28, 2019 – May 31, 2019
	Franklin Strategic Income Fund		February 28, 2019 – May 31, 2019

*Franklin High Income Trust:*
	Franklin High Income Fund		February 28, 2019 – May 31, 2019

*Institutional Fiduciary Trust:*
	Money Market Portfolio		February 28, 2019 – May 31, 2019

*Franklin Global Trust:*
	Franklin Emerging Market Debt Opportunities Fund		February 28, 2019 – May 31, 2019
	Franklin International Growth Fund		February 28, 2019 – May 31, 2019
	Franklin Global Listed Infrastructure Fund		February 28, 2019 – May 31, 2019

*Franklin Gold and Precious Metals Fund*			February 28, 2019 – May 31, 2019

*Franklin Universal Trust*			February 28, 2019 – May 31, 2019

*Templeton China World Fund*			February 28, 2019 – May 31, 2019

*Templeton Emerging Markets Fund*			February 28, 2019 – May 31, 2019

*Templeton Emerging Markets Income Fund*			February 28, 2019 – May 31, 2019

*Templeton Funds:*
	Templeton Foreign Fund		February 28, 2019 – May 31, 2019
	Templeton World Fund		February 28, 2019 – May 31, 2019
	Templeton International Climate Change Fund		February 28, 2019 – May 31, 2019

*Templeton Global Income Fund*			February 28, 2019 – May 31, 2019

*Templeton Global Smaller Companies Fund*			February 28, 2019 – May 31, 2019

*Templeton Growth Fund, Inc.*			February 28, 2019 – May 31, 2019

*Templeton Income Trust:*
	Templeton Emerging Markets Bond Fund		February 28, 2019 – May 31, 2019
	Templeton Global Bond Fund		February 28, 2019 – May 31, 2019
	Templeton Global Total Return Fund		February 28, 2019 – May 31, 2019
	Templeton International Bond Fund		February 28, 2019 – May 31, 2019

*Franklin Custodian Funds:*
	Franklin DynaTech Fund		February 28, 2019 – May 31, 2019
	Franklin Growth Fund		February 28, 2019 – May 31, 2019
	Franklin Income Fund		February 28, 2019 – May 31, 2019
	Franklin U.S. Government Securities Fund		February 28, 2019 – May 31, 2019
	Franklin Utilities Fund		February 28, 2019 – May 31, 2019
	Franklin Focused Growth Fund		February 28, 2019 – May 31, 2019

*Franklin Strategic Mortgage Portfolio*			February 28, 2019 – May 31, 2019

*Franklin Investors Securities Trust:*
	Franklin Adjustable U.S. Government Securities Fund		February 28, 2019 – May 31, 2019
	Franklin Balanced Fund		February 28, 2019 – May 31, 2019
	Franklin Convertible Securities Fund		February 28, 2019 – May 31, 2019
	Franklin Equity Income Fund		February 28, 2019 – May 31, 2019
	Franklin Floating Rate Daily Access Fund		February 28, 2019 – May 31, 2019
	Franklin Low Duration Total Return Fund		February 28, 2019 – May 31, 2019
	Franklin Real Return Fund		February 28, 2019 – May 31, 2019
	Franklin Total Return Fund		February 28, 2019 – May 31, 2019

*Franklin Templeton Global Trust:*
	Templeton Global Currency Fund		February 28, 2019 – May 31, 2019

*Franklin Templeton International Trust:*
	Franklin India Growth Fund		February 28, 2019 – May 31, 2019

*Templeton Developing Markets Trust*			February 28, 2019 – May 31, 2019

*Franklin Fund Allocator Series:*
	Franklin Conservative Allocation Fund		February 28, 2019 – May 31, 2019
	Franklin Corefolio Allocation Fund		February 28, 2019 – May 31, 2019
	Franklin Founding Funds Allocation Fund		February 28, 2019 – May 31, 2019
	Franklin Growth Allocation Fund		February 28, 2019 – May 31, 2019
	Franklin LifeSmart Retirement Income Fund		February 28, 2019 – May 31, 2019
	Franklin LifeSmart 2020 Retirement Target Fund		February 28, 2019 – May 31, 2019
	Franklin LifeSmart 2025 Retirement Target Fund		February 28, 2019 – May 31, 2019
	Franklin LifeSmart 2030 Retirement Target Fund		February 28, 2019 – May 31, 2019
	Franklin LifeSmart 2035 Retirement Target Fund		February 28, 2019 – May 31, 2019
	Franklin LifeSmart 2040 Retirement Target Fund		February 28, 2019 – May 31, 2019
	Franklin LifeSmart 2045 Retirement Target Fund		February 28, 2019 – May 31, 2019
	Franklin LifeSmart 2050 Retirement Target Fund		February 28, 2019 – May 31, 2019
	Franklin LifeSmart 2055 Retirement Target Fund		February 28, 2019 – May 31, 2019
	Franklin Moderate Allocation Fund		February 28, 2019 – May 31, 2019
	Franklin NextStep Conservative Fund		February 28, 2019 – May 31, 2019
	Franklin NextStep Moderate Fund		February 28, 2019 – May 31, 2019
	Franklin NextStep Growth Fund		February 28, 2019 – May 31, 2019
	Franklin Payout 2019 Fund		February 28, 2019 – May 31, 2019
	Franklin Payout 2020 Fund		February 28, 2019 – May 31, 2019
	Franklin Payout 2021 Fund		February 28, 2019 – May 31, 2019
	Franklin Payout 2022 Fund		February 28, 2019 – May 31, 2019

*Franklin Templeton Variable Insurance Products Trust:*
	Franklin Flex Cap Growth VIP Fund		February 28, 2019 – May 31, 2019
	Franklin Founding Funds Allocation VIP Fund		February 28, 2019 – May 31, 2019
	Franklin Income VIP Fund		February 28, 2019 – May 31, 2019
	Franklin Mutual Global Discovery VIP Fund		February 28, 2019 – May 31, 2019
	Franklin Mutual Shares VIP Fund		February 28, 2019 – May 31, 2019
	Franklin Rising Dividends VIP Fund		February 28, 2019 – May 31, 2019
	Franklin Small Cap Value VIP Fund		February 28, 2019 – May 31, 2019
	Franklin Small-Mid Cap Growth VIP Fund		February 28, 2019 – May 31, 2019
	Franklin Strategic Income VIP Fund		February 28, 2019 – May 31, 2019
	Franklin VolSmart Allocation VIP Fund		February 28, 2019 – May 31, 2019
	Templeton Developing Markets VIP Fund		February 28, 2019 – May 31, 2019
	Templeton Foreign VIP Fund		February 28, 2019 – May 31, 2019
	Templeton Growth VIP Fund		February 28, 2019 – May 31, 2019
	Templeton Global Bond VIP Fund		February 28, 2019 – May 31, 2019

*Templeton Dragon Fund, Inc.*			February 28, 2019 – May 31, 2019

*Templeton Institutional Funds:*
	International Equity Series		February 28, 2019 – May 31, 2019
	Global Equity Series		February 28, 2019 – May 31, 2019

*Franklin ETF Trust:*
	Franklin Liberty Short Duration U.S. Government ETF		February 28, 2019 – May 31, 2019

*Franklin Managed Trust:*
	Franklin Rising Dividends Fund		February 28, 2019 – May 31, 2019

*Franklin Limited Duration Income Trust*			February 28, 2019 – May 31, 2019

*Franklin Templeton ETF Trust:*
	Franklin LibertyQ Emerging Markets ETF		February 28, 2019 – May 31, 2019
	Franklin LibertyQ Small Cap Equity ETF		February 28, 2019 – May 31, 2019
	Franklin LibertyQ Mid Cap Equity ETF		February 28, 2019 – May 31, 2019
	Franklin LibertyQ U.S. Equity ETF		February 28, 2019 – May 31, 2019
	Franklin FTSE Asia ex Japan ETF		February 28, 2019 – May 31, 2019
	Franklin FTSE South Korea ETF		February 28, 2019 – May 31, 2019
	Franklin FTSE Russia ETF		February 28, 2019 – May 31, 2019