printmgr file - Templeton
printmgr file - Templeton
printmgr file - Templeton
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STATEMENTS OF NET ASSETS<br />
As at December 31, 2012 and 2011<br />
2012 2011<br />
(000s) (000s)<br />
Assets<br />
Investment in securities — at fair value<br />
Cash<br />
$ 181,980 $ 258,467<br />
Canadian 2,427 7,464<br />
Foreign<br />
Receivables<br />
5,576 16,046<br />
Investment securities sold 2,659 366<br />
Capital units sold 8 248<br />
Dividends, interest and withholding tax 706 1,188<br />
Unrealized gain on derivatives 347 3,413<br />
Other assets (Note 8) 5 57<br />
Total assets<br />
Liabilities<br />
Payables<br />
193,708 287,249<br />
Investment securities purchased 58 1,730<br />
Capital units redeemed 130 527<br />
Management fees 109 131<br />
Accrued expenses 110 159<br />
Unrealized loss on derivatives 3,491 20<br />
Other liabilities (Note 9) 1 —<br />
Total liabilities 3,899 2,567<br />
Net assets $ 189,809 $ 284,682<br />
Total net assets per series (000s)<br />
Series A $56,207 $61,392<br />
Series F 4,107 4,976<br />
Series I 134 117<br />
Series O 129,128 217,985<br />
Series T 233 212<br />
Number of units outstanding (Note 3)<br />
Series A 12,746,205 15,588,691<br />
Series F 813,920 1,116,434<br />
Series I 27,634 27,198<br />
Series O 21,241,929 41,250,630<br />
Series T 45,190 42,809<br />
Net assets per unit — CAD<br />
Series A $4.41 $3.94<br />
Series F 5.05 4.46<br />
Series I 4.87 4.31<br />
Series O 6.08 5.28<br />
Series T 5.15 4.97<br />
Net assets per unit — USD<br />
Series A $4.44 $3.87<br />
Series F 5.08 4.38<br />
Series I 4.90 4.23<br />
Series O 6.12 5.18<br />
Cost of investments held (000s) $174,955 $269,439<br />
Signed on behalf of Franklin <strong>Templeton</strong> Investments Corp.<br />
(Signed) DON REED<br />
Director<br />
Mutual Beacon Fund<br />
(Signed) GHION SHEWANGZAW<br />
Director<br />
The accompanying notes are an integral part of these financial statements.<br />
STATEMENTS OF OPERATIONS<br />
For the periods ended December 31, 2012 and 2011<br />
2012 2011<br />
(000s) (000s)<br />
Investment income<br />
Dividends (net of foreign taxes withheld (000s) —<br />
2012 — $543; 2011 — $870) $ 4,872 $ 7,783<br />
Interest 1,186 1,231<br />
Total investment income<br />
Expenses<br />
6,058 9,014<br />
Management fees (Note 4(a)) 1,368 1,694<br />
Transfer agent fees (Note 4(c)) 604 770<br />
Custodian fees 9 12<br />
Legal fees 3 17<br />
Audit fees 28 22<br />
Unitholder reporting costs 6 13<br />
Independent review committee fees 1 1<br />
Registration fees 22 20<br />
Other expenses (Note 7) 134 137<br />
Total expenses 2,175 2,686<br />
Expenses waived/paid by Manager (Note 6) (474) (579)<br />
Net expenses 1,701 2,107<br />
Net investment income (loss) 4,357 6,907<br />
Realized and unrealized gain (loss) on<br />
investments and transaction costs<br />
Net realized gain (loss) on investments<br />
Net realized and/or unrealized foreign exchange<br />
10,526 (26,551)<br />
gain (loss)<br />
Net change in unrealized appreciation<br />
(depreciation) in value of investments and<br />
12,316 4,972<br />
derivatives 11,460 10,186<br />
Transaction costs (Note 11) (228) (355)<br />
Net gain (loss) on investments 34,074 (11,748)<br />
Increase (decrease) in net assets from operations $ 38,431 $ (4,841)<br />
Increase (decrease) in net assets from operations<br />
per series (000s)<br />
Series A $8,039 $(1,928)<br />
Series F 639 (44)<br />
Series I 18 (3)<br />
Series O 29,705 (2,860)<br />
Series T 30 (6)<br />
Increase (decrease) in net assets from operations<br />
per unit<br />
Series A $0.58 $(0.10)<br />
Series F 0.70 (0.04)<br />
Series I 0.67 (0.09)<br />
Series O 0.91 (0.06)<br />
Series T 0.68 (0.13)<br />
Franklin <strong>Templeton</strong> Investments Funds 175
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