Templeton
Global
Smaller
Companies
Fund
Investment
income:
Dividends:
(net
of
foreign
taxes
of
$496,289)
Unaffiliated
issuers
........................................................................
$7,118,530
Interest:
Unaffiliated
issuers
........................................................................
6,276
Income
from
securities
loaned:
Unaffiliated
entities
(net
of
fees
and
rebates)
.....................................................
120,916
Other
income
(Note
1
d
)
......................................................................
32,225
Total
investment
income
...................................................................
7,277,947
Expenses:
Management
fees
(Note
3
a
)
...................................................................
4,984,163
Distribution
fees:
(Note
3c
)
Class
A
................................................................................
1,244,366
Class
C
................................................................................
60,012
Transfer
agent
fees:
(Note
3e
)
Class
A
................................................................................
577,052
Class
C
................................................................................
6,953
Class
R6
...............................................................................
16,379
Advisor
Class
............................................................................
30,514
Custodian
fees
.............................................................................
56,076
Reports
to
shareholders
......................................................................
68,675
Registration
and
filing
fees
....................................................................
50,930
Professional
fees
...........................................................................
86,492
Trustees'
fees
and
expenses
..................................................................
87,887
Other
....................................................................................
139,146
Total
expenses
.........................................................................
7,408,645
Expenses
waived/paid
by
affiliates
(Note
3
f
and
3
g
)
..............................................
(10,726)
Net
expenses
.........................................................................
7,397,919
Net
investment
income
(loss)
............................................................
(119,972)
Realized
and
unrealized
gains
(losses):
Net
realized
gain
(loss)
from:
Investments:
Unaffiliated
issuers
......................................................................
78,081,666
Foreign
currency
transactions
................................................................
(13,385)
Net
realized
gain
(loss)
..................................................................
78,068,281
Net
change
in
unrealized
appreciation
(depreciation)
on:
Investments:
Unaffiliated
issuers
......................................................................
197,628,742
Non-controlled
affiliates
(Note
3
f
and
9
)
.......................................................
603,215
Translation
of
other
assets
and
liabilities
denominated
in
foreign
currencies
..............................
37,490
Net
change
in
unrealized
appreciation
(depreciation)
............................................
198,269,447
Net
realized
and
unrealized
gain
(loss)
............................................................
276,337,728
Net
increase
(decrease)
in
net
assets
resulting
from
operations
..........................................
$276,217,756
