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
$ 270,625 $ 193,503
Foreign
Receivables
8,924 55
Investment securities sold — 1,918
Capital units sold — 326
Dividends and withholding tax 83 98
Other assets (Note 8) 15 16
Total assets
Liabilities
Payables
279,647 195,916
Investment securities purchased — 341
Capital units redeemed — 260
Management fees 16 22
Accrued expenses 46 41
Other liabilities (Note 9) 10 10
Total liabilities 72 674
Net assets $ 279,575 $ 195,242
Total net assets per series (000s)
Series A $5,969 $6,320
Series F 1,227 862
Series O 272,379 188,060
Number of units outstanding (Note 3)
Series A 584,711 645,623
Series F 105,484 78,112
Series O 19,096,858 14,101,284
Net assets per unit — CAD
Series A $10.21 $9.79
Series F 11.63 11.03
Series O 14.26 13.34
Net assets per unit — USD
Series A $10.28 $9.61
Series F 11.71 10.82
Series O 14.36 13.09
Cost of investments held (000s) $235,296 $172,125
Signed on behalf of Franklin Templeton Investments Corp.
(Signed) DON REED
Director
Franklin Flex Cap Growth 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 — $431; 2011 — $260) $ 2,599 $ 1,552
Interest 2 3
Total investment income
Expenses
2,601 1,555
Management fees (Note 4(a)) 152 169
Transfer agent fees (Note 4(c)) 100 115
Custodian fees — —
Legal fees 1 2
Audit fees 20 18
Unitholder reporting costs 9 6
Independent review committee fees 1 1
Registration fees 17 17
Other expenses (Note 7) 32 20
Total expenses 332 348
Expenses waived/paid by Manager (Note 6) (155) (126)
Net expenses 177 222
Net investment income (loss) 2,424 1,333
Realized and unrealized gain (loss) on
investments and transaction costs
Net realized gain (loss) on investments
Net realized and/or unrealized foreign exchange
(1,212) 5,958
gain (loss)
Net change in unrealized appreciation
(568) (410)
(depreciation) in value of investments 13,951 (14,202)
Transaction costs (Note 11) (232) (326)
Net gain (loss) on investments 11,939 (8,980)
Increase (decrease) in net assets from operations $ 14,363 $ (7,647)
Increase (decrease) in net assets from operations
per series (000s)
Series A $291 $(297)
Series F 58 (31)
Series O 14,014 (7,319)
Increase (decrease) in net assets from operations
per unit
Series A $0.47 $(0.41)
Series F 0.64 (0.37)
Series O 0.73 (0.45)
The accompanying notes are an integral part of these financial statements.
64 Franklin Templeton Investments Funds