printmgr file - Templeton

Mutual Beacon Fund
STATEMENT OF INVESTMENTS As at December 31, 2012 (Continued)
Principal Amount
in Currency
of Issue
(000s) (000s)
United States: 7.52% (Continued)
Tribune Co.
Incremental Term Loan, Floating Rate Note, 6/4/2014 ........................................... 183,000 USD $ 116 $ 150
Initial Tranche B Term Loan, Floating Rate Note, 6/4/2014 ........................................ 3,571,000 USD 2,247 2,959
Average
Cost
Fair
Value
13,603 14,273
Italy: 0.22%
Wind Acquisition Finance SA .................................................................
Senior Note, 11.75%, 7/15/2017 ............................................................ 133,000 EUR 138 183
Senior Note, 11.75%, 7/15/2017 ............................................................ 100,000 USD 85 104
Senior Secured Note, 7.375%, 2/15/2018 ..................................................... 100,000 EUR 108 132
331 419
Total Bonds: ............................................................................... 13,934 14,692
Total Long-Term Investments: ................................................................. 169,903 176,706
SHORT-TERM SECURITIES: 2.78%
Federal Home Loan Bank Discount Notes, 1/2/2013 .............................................. 5,300,000 USD 5,274 5,274
Total Short-Term Securities: .................................................................. 5,274 5,274
Transaction costs (Note 2) ..................................................................... (222) —
TOTAL INVESTMENTS: 95.88% ............................................................... $174,955 181,980
NET UNREALIZED LOSS ON DERIVATIVES: (1.66%) .............................................. (3,144)
OTHER ASSETS, less liabilities: 5.78% ......................................................... 10,973
TOTAL NET ASSETS: 100.00% ................................................................ $189,809
SCHEDULE OF DERIVATIVE INSTRUMENTS (As at December 31, 2012)
FORWARD FOREIGN EXCHANGE CONTRACTS
Credit
Rating Settlement Date
Currency
to be Delivered
Par Value
in Canadian Dollars
Currency
to be Received
Par Value
in Canadian Dollars
Contract
Price
Unrealized
Gain (Loss)
Counterparty
(000s) (000s) (000s) (000s) (000s)
CREDIT SUISSE INTERNATIONAL ........... A+ March 21, 2013 63 CAD $ 64 50 EUR $ 66 $0.7892 $ 2
CREDIT SUISSE INTERNATIONAL ........... A+ March 21, 2013 76 CAD 77 60 EUR 79 0.7857 2
CREDIT SUISSE INTERNATIONAL ........... A+ March 21, 2013 97 CAD 97 75 EUR 99 0.7760 2
CREDIT SUISSE INTERNATIONAL ........... A+ March 21, 2013 136 CAD 137 107 EUR 142 0.7861 5
CREDIT SUISSE INTERNATIONAL ........... A+ March 21, 2013 139 CAD 139 109 EUR 144 0.7856 5
CREDIT SUISSE INTERNATIONAL ........... A+ March 21, 2013 192 CAD 192 150 EUR 197 0.7802 5
CREDIT SUISSE INTERNATIONAL ........... A+ March 21, 2013 246 CAD 246 189 EUR 249 0.7691 3
CREDIT SUISSE INTERNATIONAL ........... A+ March 21, 2013 1,392 CAD 1,392 872 GBP 1,410 0.6265 18
CREDIT SUISSE INTERNATIONAL ........... A+ March 21, 2013 2,993 JPY 34 37 CAD 37 0.0124 3
CREDIT SUISSE INTERNATIONAL ........... A+ March 21, 2013 5,342 CAD 5,342 3,348 GBP 5,412 0.6268 70
DEUTSCHE BANK AG ..................... A+ March 21, 2013 10 CAD 11 10 AUD 11 1.0052 —
DEUTSCHE BANK AG ..................... A+ March 21, 2013 15 CAD 15 15 AUD 15 0.9730 —
DEUTSCHE BANK AG ..................... A+ March 21, 2013 21 CAD 21 21 AUD 21 0.9746 —
DEUTSCHE BANK AG ..................... A+ March 21, 2013 29 AUD 30 30 CAD 30 1.0320 —
DEUTSCHE BANK AG ..................... A+ March 21, 2013 30 AUD 30 30 CAD 30 1.0294 —
DEUTSCHE BANK AG ..................... A+ March 21, 2013 37 AUD 38 38 CAD 38 1.0291 —
DEUTSCHE BANK AG ..................... A+ March 21, 2013 44 CHF 48 37 EUR 48 0.8294 —
DEUTSCHE BANK AG ..................... A+ March 21, 2013 56 AUD 58 58 CAD 58 1.0305 —
The accompanying notes are an integral part of these financial statements.
172 Franklin Templeton Investments Funds