printmgr file - Templeton

STATEMENTS OF NET ASSETS
As at December 31, 2012 and 2011
2012 2011
(000s) (000s)
Assets
Investment in securities — at fair value
Cash
$ 370,111 $ 346,196
Canadian 32 67
Foreign
Receivables
— 606
Investment securities sold 9 3,265
Capital units sold 37 97
Dividends, interest and withholding tax 632 409
Other assets (Note 8) 68 93
Total assets
Liabilities
Payables
370,889 350,733
Investment securities purchased 5,329 785
Capital units redeemed 239 413
Management fees 602 641
Foreign capital taxes payable 5 227
Accrued expenses 213 284
Total liabilities 6,388 2,350
Net assets $ 364,501 $ 348,383
Total net assets per series (000s)
Series A $184,214 $188,143
Series F 7,651 7,414
Series I 385 497
Series O 172,251 152,329
Number of units outstanding (Note 3)
Series A 19,414,729 22,003,371
Series F 699,910 760,843
Series I 36,835 53,090
Series O 12,011,332 12,138,450
Net assets per unit — CAD
Series A $9.49 $8.55
Series F 10.93 9.74
Series I 10.45 9.37
Series O 14.34 12.55
Net assets per unit — USD
Series A $9.55 $8.39
Series F 11.00 9.56
Series I 10.52 9.19
Series O 14.44 12.31
Cost of investments held (000s) $346,126 $356,159
Signed on behalf of Franklin Templeton Investments Corp.
(Signed) DON REED
Director
Templeton Emerging Markets Fund
(Signed) GHION SHEWANGZAW
Director
STATEMENTS OF OPERATIONS
For the periods ended December 31, 2012 and 2011
2012 2011
(000s) (000s)
Investment income
Dividends (net of foreign taxes withheld (000s) —
2012 — $1,198; 2011 — $1,494) $ 10,140 $ 12,517
Interest 88 73
Total investment income
Expenses
10,228 12,590
Management fees (Note 4(a)) 5,296 6,490
Transfer agent fees (Note 4(c)) 1,372 1,502
Custodian fees 126 187
Legal fees 1 1
Audit fees 29 35
Unitholder reporting costs 13 37
Independent review committee fees 2 1
Registration fees 51 47
Other expenses (Note 7) 225 246
Total expenses 7,115 8,546
Expenses waived/paid by Manager (Note 6) (1,437) (1,156)
Net expenses 5,678 7,390
Net investment income (loss) 4,550 5,200
Realized and unrealized gain (loss) on
investments and transaction costs
Net realized gain (loss) on investments
Net realized and/or unrealized foreign exchange
6,198 40,734
gain (loss)
Net change in unrealized appreciation
(128) (758)
(depreciation) in value of investments 33,948 (134,445)
Transaction costs (Note 11) (409) (856)
Net gain (loss) on investments 39,609 (95,325)
Increase (decrease) in net assets from operations $ 44,159 $ (90,125)
Increase (decrease) in net assets from operations
per series (000s)
Series A $21,605 $(49,568)
Series F 971 (1,768)
Series I 62 (118)
Series O 21,521 (38,671)
Increase (decrease) in net assets from operations
per unit
Series A $1.05 $(2.18)
Series F 1.31 (2.35)
Series I 1.54 (2.31)
Series O 2.11 (2.36)
The accompanying notes are an integral part of these financial statements.
22 Franklin Templeton Investments Funds