printmgr file - Templeton

Bissett Microcap Fund
STATEMENTS OF CHANGES IN NET ASSETS
For the periods ended December 31, 2012 and 2011
(in 000s)
All Series Series A Series F
2012 2011 2012 2011 2012 2011
Increase (decrease) in net assets from operations $ 39,262 $ (662) $ 10,088 $ (2,050) $ 15,517 $ (147)
Distributions to unitholders
From net investment income (317) — (88) — (128) —
From capital gains (20,660) (10,225) (5,739) (2,760) (8,363) (4,092)
From return of capital — — — — — —
(20,977) (10,225) (5,827) (2,760) (8,491) (4,092)
Capital unit transactions
Subscriptions 25,129 44,717 17,066 24,832 3,947 4,030
Reinvestments 20,284 9,980 5,760 2,730 8,014 3,938
Redemptions (33,757) (41,861) (18,040) (14,374) (5,854) (6,816)
11,656 12,836 4,786 13,188 6,107 1,152
Increase (decrease) in net assets for the period 29,941 1,949 9,047 8,378 13,133 (3,087)
Net assets — beginning of period 147,031 145,082 39,542 31,164 58,691 61,778
Net assets — end of period $ 176,972 $ 147,031 $ 48,589 $ 39,542 $ 71,824 $ 58,691
Series O
2012 2011
Increase (decrease) in net assets from operations $ 13,657 $ 1,535
Distributions to unitholders
From net investment income (101) —
From capital gains (6,558) (3,373)
From return of capital — —
Capital unit transactions
(6,659) (3,373)
Subscriptions 4,116 15,855
Reinvestments 6,510 3,312
Redemptions (9,863) (20,671)
763 (1,504)
Increase (decrease) in net assets for the period 7,761 (3,342)
Net assets — beginning of period 48,798 52,140
Net assets — end of period $ 56,559 $ 48,798
The accompanying notes are an integral part of these financial statements.
156 Franklin Templeton Investments Funds