printmgr file - Templeton

STATEMENT OF INVESTMENTS As at December 31, 2012
Bissett All Canadian Focus Fund
Average
Cost
Fair
Value
Shares
(000s) (000s)
LONG-TERM INVESTMENTS: 97.62%
COMMON STOCKS: 97.62%
Financials: 21.81%
Bank of Montreal ...................... 106,800 $ 6,193 $ 6,494
Bank of Nova Scotia .................... 109,200 5,804 6,270
Canadian Imperial Bank of Commerce . ...... 76,200 5,484 6,093
Great–West Lifeco Inc. .................. 206,300 5,302 5,009
IGM Financial Inc. ..................... 134,000 5,789 5,573
Intact Financial Corp. ................... 118,800 6,042 7,682
National Bank of Canada ................. 80,700 6,113 6,222
Royal Bank of Canada ................... 104,900 6,055 6,274
The Toronto–Dominion Bank .............. 80,300 6,018 6,717
52,800 56,334
Materials: 14.89%
Agrium Inc. . . ........................ 63,800 4,339 6,325
Alamos Gold Inc. ...................... 305,500 4,987 5,319
Barrick Gold Corp. ..................... 157,500 6,441 5,467
Goldcorp Inc. ........................ 117,100 5,862 4,260
Methanex Corp. . ...................... 199,100 6,062 6,291
Potash Corp. of Saskatchewan Inc. . . ........ 123,800 6,069 4,999
Silver Wheaton Corp. .................... 161,700 3,938 5,786
37,698 38,447
Energy: 14.04%
Canadian Natural Resources Ltd. . . ........ 157,500 5,473 4,509
EnCana Corp. . ........................ 260,300 5,652 5,102
Ensign Energy Services Inc. .............. 361,200 6,044 5,530
Imperial Oil Ltd. . ...................... 166,200 6,989 7,102
TransCanada Corp. ..................... 154,900 5,911 7,275
Vermilion Energy Inc. ................... 130,100 5,297 6,742
35,366 36,260
Consumer Staples: 13.02%
Alimentation Couche–Tard Inc., B . . ........ 130,600 3,446 6,367
George Weston Ltd. .................... 78,300 5,092 5,525
Metro Inc., A . ........................ 124,000 4,991 7,840
Saputo Inc. . . ........................ 138,400 4,554 6,948
Shoppers Drug Mart Corp. ................ 162,300 6,625 6,932
24,708 33,612
Industrials: 11.00%
Canadian National Railway Co. . . . . . ........ 86,600 5,418 7,819
Canadian Pacific Railway Ltd. . . . . . ........ 82,400 6,005 8,303
SNC–Lavalin Group Inc., A ................ 131,900 5,585 5,312
Stantec Inc. . . ........................ 176,300 5,027 6,978
22,035 28,412
Information Technology: 6.89%
CGI Group Inc., A ...................... 245,900 3,792 5,636
MacDonald Dettwiler & Associates Ltd. . ...... 120,600 4,641 6,747
Open Text Corp. . ...................... 97,900 4,390 5,422
12,823 17,805
Average
Cost
Fair
Value
Shares
(000s) (000s)
Utilities: 6.05%
ATCO Ltd., I ..................... 97,500 $ 5,161 $ 7,827
Canadian Utilities Ltd., A . . . ......... 108,800 5,245 7,797
10,406 15,624
Consumer Discretionary: 4.71%
Canadian Tire Corp. Ltd., A . . ......... 99,900 6,078 6,922
Tim Hortons Inc. .................. 107,500 4,076 5,245
10,154 12,167
Health Care: 2.87%
Valeant Pharmaceuticals International
Inc. ......................... 125,300 6,987 7,423
Telecommunication Services: 2.34%
Rogers Communications Inc., B ....... 134,000 5,013 6,049
Total Common Stocks: ............... 217,990 252,133
Total Long-Term Investments: ......... 217,990 252,133
Principal Amount
in Currency
of Issue
SHORT-TERM SECURITIES: 2.09%
Royal Bank of Canada, Term Deposit,
0.97%, 1/2/2013 ................ 5,385,000 CAD 5,385 5,385
Total Short-Term Securities: .......... 5,385 5,385
Transaction costs (Note 2) .............. (142) —
TOTAL INVESTMENTS: 99.71% ........ $223,233 257,518
OTHER ASSETS, less liabilities: 0.29% ... 749
TOTAL NET ASSETS: 100.00% ......... $258,267
The accompanying notes are an integral part of these financial statements.
110 Franklin Templeton Investments Funds