printmgr file - Templeton

Franklin Strategic Income Fund
STATEMENT OF INVESTMENTS As at December 31, 2012 (Continued)
Principal Amount
in Currency
of Issue
(000s) (000s)
United States: 52.40% (Continued)
Clear Channel Worldwide Holdings Inc.
Senior Note, 6.50%, 11/15/2022 ............................................................. 400,000 USD $ 396 $ 412
Senior Subordinate Note, 7.625%, 3/15/2020 .................................................. 700,000 USD 693 700
ClubCorp Club Operations Inc., Senior Note, 10.00%, 12/1/2018 ..................................... 1,300,000 USD 1,267 1,436
CMS Energy Corp., Senior Note, 8.75%, 6/15/2019 ................................................ 700,000 USD 794 904
CommScope Inc., Senior Note, 8.25%, 1/15/2019 ................................................. 1,400,000 USD 1,416 1,523
Community Health Systems Inc., New Extended Term Loan, Floating Rate Note, 1/25/2017 ................
CONSOL Energy Inc.
3,636,477 USD 3,630 3,631
Senior Note, 8.00%, 4/1/2017 ............................................................... 600,000 USD 628 645
Senior Note, 8.25%, 4/1/2020 ............................................................... 500,000 USD 523 538
Senior Note, 6.375%, 3/1/2021 .............................................................. 200,000 USD 194 204
Countrywide Asset Backed or Asset–Backed Certificates, 2005–11, AF4, 5.21%, 3/25/2034 ............... 225,000 USD 267 150
Cricket Communications Inc., Senior Note, 7.75%, 10/15/2020 ...................................... 1,500,000 USD 1,471 1,520
Crosstex Energy LP/Crosstex Energy Finance Corp., Senior Note, 8.875%, 2/15/2018 ..................... 1,500,000 USD 1,572 1,609
CSC Holdings Inc., Senior Debenture, 7.625%, 7/15/2018 .......................................... 700,000 USD 780 803
CSC Holdings Inc. (Cablevision), Incremental B–2 Extended Term Loan, Floating Rate Note, 3/29/2016 ...... 1,256,496 USD 1,255 1,252
CSC Holdings LLC, Senior Note, 6.75%, 11/15/2021 ............................................... 900,000 USD 913 991
Cumulus Media Holdings Inc., Second Lien Term Loan, Floating Rate Note, 9/16/2019 ...................
DaVita HealthCare Partners Inc.
3,525,525 USD 3,332 3,598
Senior Note, 5.75%, 8/15/2022 .............................................................. 600,000 USD 594 628
Tranche B Term Loan, Floating Rate Note, 10/20/2016 ........................................... 1,151,950 USD 1,172 1,149
Tranche B–2 Term Loan, Floating Rate Note, 8/24/2019 .......................................... 1,640,200 USD 1,597 1,639
Del Monte Corp., Senior Note, 7.625%, 2/15/2019 ................................................ 1,700,000 USD 1,672 1,760
Del Monte Foods Co., Initial Term Loan, Floating Rate Note, 3/8/2018 ................................. 3,702,515 USD 3,611 3,681
DineEquity Inc., Term B–1 Loan, Floating Rate Note, 10/19/2017 .....................................
DISH DBS Corp.
345,439 USD 339 346
Senior Bond, 5.00%, 3/15/2023 ............................................................. 300,000 USD 297 298
Senior Note, 7.125%, 2/1/2016 .............................................................. 1,500,000 USD 1,581 1,669
Senior Note, 6.75%, 6/1/2021 ............................................................... 200,000 USD 189 226
Senior Note, 5.875%, 7/15/2022 ............................................................. 100,000 USD 100 107
E*TRADE Financial Corp., Senior Note, 6.375%, 11/15/2019 ........................................ 700,000 USD 693 713
El Paso Corp., Senior Bond, 6.50%, 9/15/2020 ................................................... 500,000 USD 514 560
Endo Health Solutions Inc., Senior Note, 7.00%, 7/15/2019 ......................................... 700,000 USD 718 741
Energy Transfer Equity LP, Senior Note, 7.50%, 10/15/2020 ......................................... 1,600,000 USD 1,642 1,836
Energy Transfer Partners LP, Senior Note, 5.20%, 2/1/2022 .........................................
Enterprise Products Operating LLC, Junior Subordinated Note, 7.034% to 1/15/2018, Floating Rate Note
400,000 USD 408 453
thereafter, 1/15/2068 ...................................................................... 1,100,000 USD 1,021 1,251
EnviroSolutions Real Property Holdings, Second Lien Term Loan, Floating Rate Note, 7/29/2014 ............ 319,665 USD 314 317
Euramax International Inc., Senior Secured Note, 9.50%, 4/1/2016 ................................... 900,000 USD 877 834
Evergreen AcqCo. 1 LP (Savers), Term Loan, Floating Rate Note, 7/9/2019 ............................. 1,482,436 USD 1,483 1,476
Evergreen International Aviation Inc., Term Loan, Floating Rate Note, 6/30/2015 ......................... 1,140,985 USD 1,083 1,105
Exide Technologies, Senior Secured Note, 8.625%, 2/1/2018 ........................................ 600,000 USD 568 505
Exopack LLC, Term B Loan, Floating Rate Note, 5/31/2017 ..........................................
Federal Home Loan Mortgage Corporation
99,454 USD 97 98
6.00%, 2/1/2017 ......................................................................... 531USD 1 1
5.50%, 9/1/2017 ......................................................................... 960USD 2 1
4.50%, 9/1/2018 ......................................................................... 3,442 USD 5 4
5.00%, 10/1/2018 ........................................................................ 7,766 USD 10 8
4.50%, 2/1/2019 ......................................................................... 12,612 USD 17 13
The accompanying notes are an integral part of these financial statements.
Franklin Templeton Investments Funds 77
Average
Cost
Fair
Value