The statement is true. In the SailPoint IdentityIQ Reporting user interface, report templates are located on the "Reports" tab. These templates define the structure and parameters of reports but do not contain actual report data. Instances of reports, which are the actual generated reports containing data based on the templates, are located on the "My Reports" tab. The "My Reports" tab is used for viewing and managing reports that have been generated for a specific user.
Reference:
SailPoint IdentityIQ Reporting Guide
SailPoint IdentityIQ Administration Guide (Section on Reporting Interface)