printmgr file - Templeton

Franklin Templeton Investments Funds
NOTES TO FINANCIAL STATEMENTS For the periods ended December 31, 2012 and 2011 (Continued)
10. Financial Risk Management (Continued)
Mutual Beacon Fund
December 31, 2012 December 31, 2011
Equities — long Bonds Total Equities — long Bonds Total
(000s) (000s) (000s) (000s) (000s) (000s)
Opening ....................................... $7,377 $— $7,377 $19,021 $ 4,247 $ 23,268
Sales .......................................... — — (6,269) (4,225) (10,494)
Purchases ...................................... — — — — — —
Net Transfers ................................... (891) — (891) (2,557) — (2,557)
Net realized gains (losses) ......................... 1 — 1 (5,262) (1,259) (6,521)
Net change in unrealized appreciation (depreciation) .... 819 — 819 2,444 1,237 3,681
Ending ........................................ 7,306 — 7,306 7,377 — 7,377
Total change in unrealized appreciation (depreciation) on
investments held at December 31 ................. 169 — 169 (2,499) — (2,499)
Mutual Global Discovery Fund
December 31, 2012 December 31, 2011
Equities — long Bonds Total Equities — long Bonds Total
(000s) (000s) (000s) (000s) (000s) (000s)
Opening ...................................... $15,792 $— $15,792 $ 24,183 $ 1,881 $ 26,064
Sales ......................................... (181) — (181) 2,359 (1,874) 485
Purchases ..................................... 1,098 — 1,098 — — —
Net Transfers .................................. — — — 5,428 — 5,428
Net realized gains (losses) ........................ (19) — (19) (808) (550) (1,358)
Net change in unrealized appreciation (depreciation) . . . 7,831 — 7,831 (15,370) 543 (14,827)
Ending ....................................... 24,521 — 24,521 15,792 — 15,792
Total change in unrealized appreciation (depreciation)
on investments held at December 31 ............. (3,449) — (3,449) 644 - 644
Franklin Templeton Canadian Core Equity Fund
December 31, 2012 December 31, 2011
Equities — long Total Equities — long Total
(000s) (000s) (000s) (000s)
Opening .......................................................... $ 550 $ 550 $ 4,586 $ 4,586
Sales ............................................................. — — — —
Purchases ......................................................... 6,229 6,229 2,172 2,172
Net Transfers ...................................................... (6,804) (6,804) (5,824) (5,824)
Net realized gains (losses) ............................................ — — —
Net change in unrealized appreciation (depreciation) ....................... 25 25 (384) (384)
Ending ............................................................ — — 550 550
Total change in unrealized appreciation (depreciation) on investments held at
December 31 .................................................... 24 24 (24) (24)
In accordance with the Funds’ valuation policies, the Funds may apply fair value adjustment factors when quoted market prices are
deemed to have been affected by significant market events which exceed pre-determined thresholds. During the year, market level fair
246 Franklin Templeton Investments Funds