printmgr file - Templeton

STATEMENT OF INVESTMENTS As at December 31, 2012
Bissett Focus Balanced Fund
Average
Cost
Fair
Value
Shares
(000s) (000s)
LONG-TERM INVESTMENTS: 97.40%
COMMON STOCKS: 57.55%
Financials: 12.44%
ACE Ltd. . ................................. 300 $ 22 $ 24
Bank of Montreal ............................ 965 56 59
Bank of Nova Scotia .......................... 970 49 56
Canadian Imperial Bank of Commerce ............. 690 51 55
CFS Retail Property Trust ...................... 8,470 16 17
Discover Financial Services ..................... 645 25 25
Great–West Lifeco Inc. ........................ 1,855 43 45
Hannover Rueckversicherung AG ................ 315 17 24
IGM Financial Inc. ........................... 1,205 49 50
Intact Financial Corp. ......................... 1,075 58 69
Legal & General Group PLC .................... 9,625 18 23
Lend Lease Group ........................... 1,885 16 18
M&T Bank Corp. ............................ 245 25 24
National Bank of Canada ...................... 730 55 56
Nordea Bank AB ............................ 1,700 16 16
Royal Bank of Canada ........................ 940 52 56
Svenska Handelsbanken AB, A .................. 480 15 17
Swedbank AB, A ............................ 1,000 15 19
Swiss Re AG . . ............................. 260 14 19
The Allstate Corp. ........................... 755 25 30
The Link Real Estate Investment Trust ............. 3,950 15 20
The Toronto–Dominion Bank ................... 725 56 61
The Travelers Companies Inc. ................... 375 24 27
Torchmark Corp. ............................ 570 22 29
Zurich Insurance Group AG .................... 60 14 16
768 855
Consumer Staples: 7.48%
Alimentation Couche–Tard Inc., B ................ 1,160 38 57
British American Tobacco PLC .................. 290 13 15
CVS Caremark Corp. ......................... 545 24 26
George Weston Ltd. .......................... 705 45 50
Kimberly–Clark Corp. ......................... 330 23 28
Koninklijke Ahold NV ......................... 1,230 15 16
Lawson Inc. . . . ............................. 230 14 15
Metro Inc., A . . ............................. 1,120 53 71
Nestle SA ................................. 255 15 16
PepsiCo Inc. . . ............................. 310 20 21
Reynolds American Inc. ....................... 565 21 23
Saputo Inc. . . . ............................. 1,245 45 63
Shoppers Drug Mart Corp. ..................... 1,465 60 63
The Kroger Co. ............................. 1,055 24 27
Wal–Mart Stores Inc. ......................... 340 20 23
430 514
Industrials: 7.01%
Bouygues SA . . ............................. 580 20 17
Canadian National Railway Co. .................. 780 54 70
The accompanying notes are an integral part of these financial statements.
Average
Cost
Fair
Value
Shares
(000s) (000s)
Industrials: 7.01% (Continued)
Canadian Pacific Railway Ltd. ................... 745 $ 57 $ 75
Ferrovial SA ................................ 1,225 15 18
General Dynamics Corp. ....................... 350 22 24
Itochu Corp. ............................... 1,350 15 14
Keppel Corp. Ltd. ............................ 1,745 15 16
L–3 Communications Holdings Inc. ............... 270 20 21
Marubeni Corp. ............................. 2,405 16 17
Northrop Grumman Corp. ...................... 375 23 25
Raytheon Co. ............................... 380 19 22
SNC–Lavalin Group Inc., A ..................... 1,170 50 47
Societe BIC SA ............................. 160 15 19
Stantec Inc. ................................ 1,585 45 63
Sumitomo Corp. ............................. 1,025 15 13
Toyota Tsusho Corp. ......................... 855 15 21
416 482
Energy: 6.93%
Canadian Natural Resources Ltd. ................ 1,400 46 40
Chevron Corp. .............................. 240 21 26
EnCana Corp. .............................. 2,310 50 45
EniSpA................................... 705 15 17
Ensign Energy Services Inc. .................... 3,265 52 50
Exxon Mobil Corp. ........................... 275 22 24
Imperial Oil Ltd. ............................. 1,500 64 64
JX Holdings Inc. ............................ 3,140 17 17
Royal Dutch Shell PLC, B ...................... 450 16 16
Total SA, B ................................ 305 15 16
TransCanada Corp. .......................... 1,400 56 66
Valero Energy Corp. .......................... 1,000 26 34
Vermilion Energy Inc. ......................... 1,175 49 61
449 476
Materials: 5.57%
Agrium Inc. ................................ 575 48 57
Alamos Gold Inc. ............................ 2,710 42 47
Barrick Gold Corp. ........................... 1,400 58 49
CF Industries Holdings Inc. ..................... 115 18 23
Goldcorp Inc. .............................. 1,040 49 38
Methanex Corp. ............................. 1,800 54 57
Potash Corp. of Saskatchewan Inc. ............... 1,110 53 45
Silver Wheaton Corp. ......................... 1,435 41 51
Yara International ASA ........................ 330 15 16
378 383
Health Care: 4.66%
Abbott Laboratories .......................... 435 24 28
Amgen Inc. ................................ 385 25 33
AstraZeneca PLC ............................ 260 13 12
Cigna Corp. ................................ 485 26 26
Eli Lilly & Co. ............................... 600 26 29
Johnson & Johnson .......................... 345 23 24
Franklin Templeton Investments Funds 149