printmgr file - Templeton

Bissett Dividend Income Fund
STATEMENT OF INVESTMENTS As at December 31, 2012 (Continued)
Average
Cost
Fair
Value
Shares
(000s) (000s)
Telecommunication Services: 0.57%
BCE Inc., 3.35%, Preferred, AJ ............. 85,000 $ 2,169 $ 1,935
BCE Inc., 4.80%, Preferred, AA ............. 73,400 1,865 1,559
4,034 3,494
Average
Cost
Fair
Value
Shares
(000s) (000s)
Consumer Staples: 0.42%
George Weston Ltd., 5.20%, Preferred, IV ..... 100,000 $ 1,652 $ 2,554
Total Preferred Stocks: ................... 18,678 19,252
Principal Amount
in Currency
of Issue
BONDS: 15.62%
Canada: 15.62%
407 International Inc., Senior Secured Bond, 6.47%, 7/27/2029 ..................................... 5,000,000 CAD 6,207 6,729
Cameco Corp., Senior Bond, D, 5.67%, 9/2/2019 ................................................. 5,000,000 CAD 5,252 5,751
Canada Housing Trust, 3.75%, 3/15/2020 ....................................................... 4,865,000 CAD 5,284 5,429
Canada Post Corp., 4.08%, 7/16/2025 .......................................................... 5,000,000 CAD 5,910 5,829
Canadian Natural Resources Ltd., 4.95%, 6/1/2015 ............................................... 5,000,000 CAD 5,000 5,357
Capital Desjardins Inc., Senior Secured Note, G, 5.187%, 5/5/2020 ................................... 8,000,000 CAD 8,000 9,126
EnCana Corp., 5.80%, 1/18/2018 .............................................................. 5,000,000 CAD 4,581 5,671
Fairfax Financial Holdings Ltd., Senior Note, 6.40%, 5/25/2021 ...................................... 4,500,000 CAD 4,536 4,909
NAV Canada, 4.713%, 2/24/2016 .............................................................. 6,140,000 CAD 6,235 6,684
Province of Manitoba, 3.85%, 12/1/2021 ........................................................ 5,000,000 CAD 5,523 5,502
Province of New Brunswick, 5.50%, 1/27/2034 ................................................... 5,000,000 CAD 6,326 6,473
Real Estate Asset Liquidity Trust, 2004–1, A1, 4.445%, 10/12/2036 .................................. 987,518 CAD 978 993
Rogers Communications Inc., Senior Note, 5.38%, 11/4/2019 ....................................... 3,500,000 CAD 3,613 3,999
Sun Life Financial Inc., Senior Note, 4.80% to 11/23/2015, Floating Rate Note thereafter, 11/23/2035 ....... 9,500,000 CAD 9,520 9,970
Terasen Gas Vancouver Island, Senior Bond, 6.05%, 2/15/2038 ..................................... 3,500,000 CAD 3,947 4,639
Thomson Corp., 5.20%, 12/1/2014 ............................................................. 8,000,000 CAD 8,230 8,503
89,142 95,564
Total Bonds: ............................................................................... 89,142 95,564
Total Long-Term Investments: .................................................................. 457,789 582,976
SHORT-TERM SECURITIES: 4.33%
Royal Bank of Canada, Term Deposit, 0.97%, 1/2/2013 ............................................ 26,500,000 CAD 26,500 26,500
Total Short-Term Securities: ................................................................... 26,500 26,500
Transaction costs (Note 2) (358) —
TOTAL INVESTMENTS: 99.61% ................................................................ $483,931 609,476
OTHER ASSETS, less liabilities: 0.39% .......................................................... 2,358
TOTAL NET ASSETS: 100.00% ................................................................... $611,834
Bond Ratings*
2012 2011
%of
Net Assets
%of
Net Assets
AAA ................................. 2.00 1.30
AA .................................. 1.99 1.89
A ................................... 7.43 6.73
BBB................................. 4.20 6.56
* Excluding cash and overnight term deposits.
Source: Standard & Poor’s, and/or composite of Moody’s, Standard & Poor’s
and Fitch ratings.
The accompanying notes are an integral part of these financial statements.
146 Franklin Templeton Investments Funds