printmgr file - Templeton

Mutual Beacon 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 $ 38,431 $ (4,841) $ 8,039 $ (1,928) $ 639 $ (44)
Distributions to unitholders
From net investment income (3,927) (8,318) (1,165) (1,800) (85) (145)
From capital gains — — — — — —
From return of capital (17) (21) — — — —
(3,944) (8,339) (1,165) (1,800) (85) (145)
Capital unit transactions
Subscriptions 43,406 104,661 3,521 3,295 418 577
Reinvestments 3,908 8,286 1,142 1,766 81 138
Redemptions (176,674) (149,432) (16,722) (28,956) (1,922) (2,820)
(129,360) (36,485) (12,059) (23,895) (1,423) (2,105)
Increase (decrease) in net assets for the period (94,873) (49,665) (5,185) (27,623) (869) (2,294)
Net assets — beginning of period 284,682 334,347 61,392 89,015 4,976 7,270
Net assets — end of period $ 189,809 $ 284,682 $ 56,207 $ 61,392 $ 4,107 $ 4,976
Series I Series O Series T
2012 2011 2012 2011 2012 2011
Increase (decrease) in net assets from operations $ 18 $ (3) $ 29,705 $ (2,860) $ 30 $ (6)
Distributions to unitholders
From net investment income (3) (3) (2,669) (6,364) (5) (6)
From capital gains — — — — — —
From return of capital — — — — (17) (21)
(3) (3) (2,669) (6,364) (22) (27)
Capital unit transactions
Subscriptions 5 — 39,462 100,776 — 13
Reinvestments 2 2 2,670 6,364 13 16
Redemptions (5) — (158,025) (117,586) — (70)
2 2 (115,893) (10,446) 13 (41)
Increase (decrease) in net assets for the period 17 (4) (88,857) (19,670) 21 (74)
Net assets — beginning of period 117 121 217,985 237,655 212 286
Net assets — end of period $ 134 $ 117 $ 129,128 $ 217,985 $ 233 $ 212
The accompanying notes are an integral part of these financial statements.
176 Franklin Templeton Investments Funds