printmgr file - Templeton
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Franklin High Income Fund<br />
STATEMENT OF INVESTMENTS As at December 31, 2012 (Continued)<br />
Principal Amount<br />
in Currency<br />
of Issue<br />
(000s) (000s)<br />
Russia: 0.23%<br />
CEDC Finance Corp. International Inc., Senior Secured Note, 9.125%, 12/1/2016 ................. 700,000 USD $ 738 $ 432<br />
Croatia: 0.17%<br />
Agrokor DD, Senior Note, 8.875%, 2/1/2020 .............................................. 300,000 USD 295 324<br />
Total Bonds: ........................................................................ 171,016 178,865<br />
Total Long-Term Investments: ........................................................... 172,314 180,237<br />
Transaction costs (Note 2) .............................................................. (2,385) —<br />
TOTAL INVESTMENTS: 95.33% ......................................................... $169,929 180,237<br />
NET UNREALIZED LOSS ON DERIVATIVES: (0.53%) ....................................... (1,005)<br />
OTHER ASSETS, less liabilities: 5.20% ................................................... 9,830<br />
TOTAL NET ASSETS: 100.00% ......................................................... $189,062<br />
SCHEDULE OF DERIVATIVE INSTRUMENTS (As at December 31, 2012)<br />
FORWARD FOREIGN EXCHANGE CONTRACTS<br />
Counterparty<br />
Credit<br />
Rating Settlement Date<br />
Currency<br />
to be Delivered<br />
Par Value<br />
in Canadian Dollars<br />
Currency<br />
to be Received<br />
Par Value<br />
In Canadian Dollars<br />
Average<br />
Cost<br />
Contract<br />
Price<br />
Fair<br />
Value<br />
Unrealized<br />
Gain (Loss)<br />
(000s) (000s) (000s) (000s) (000s)<br />
DEUTSCHE BANK AG ............... A+ February 14, 2013 54,237 USD $53,923 54,300 CAD $54,300 1.0012 $ 377<br />
Total Number of Contracts ...........1 $ 377<br />
DEUTSCHE BANK AG ............... A+ December 18, 2013 400 EUR 531 528 USD 529 1.3207 (2)<br />
JPMORGAN CHASE BANK, N.A. ....... A+ January 16, 2013 78,283 USD 77,781 76,800 CAD 76,800 0.9811 (981)<br />
THE BANK OF NEW YORK MELLON .... AA- March 20, 2013 49,349 USD 49,099 48,700 CAD 48,700 0.9868 (399)<br />
Total Number of Contracts ...........3 $(1,382)<br />
Net Unrealized Loss ................. $ (1,005)<br />
Bond Ratings*<br />
2012 2011<br />
%of<br />
Net Assets<br />
%of<br />
Net Assets<br />
BBB ................................ 1.45 1.81<br />
BB ................................. 25.51 23.48<br />
B................................... 52.88 51.27<br />
CCC ................................ 14.77 16.90<br />
CC.................................. — 0.12<br />
D................................... — 0.09<br />
Not Rated ............................ — 0.55<br />
* Excluding cash and overnight term deposits.<br />
Source: Standard & Poor’s, and/or composite of Moody’s, Standard & Poor’s and<br />
Fitch ratings.<br />
The accompanying notes are an integral part of these financial statements.<br />
72 Franklin <strong>Templeton</strong> Investments Funds
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