Templeton
Global
Smaller
Companies
Fund
Investment
income:
Dividends:
(net
of
foreign
taxes
of
$617,010)
Unaffiliated
issuers
........................................................................
$6,672,111
Interest:
Unaffiliated
issuers
........................................................................
569,979
Income
from
securities
loaned:
Unaffiliated
entities
(net
of
fees
and
rebates)
.....................................................
45,626
Non-controlled
affiliates
(Note
3
f
)
.............................................................
12,165
Less:
IRS
closing
agreement
payments
for
European
Union
tax
reclaims
(Note
1
d
)
..........................
(86,759)
Total
investment
income
...................................................................
7,213,122
Expenses:
Management
fees
(Note
3
a
)
...................................................................
3,951,580
Distribution
fees:
(Note
3c
)
Class
A
................................................................................
975,178
Class
C
................................................................................
28,559
Transfer
agent
fees:
(Note
3e
)
Class
A
................................................................................
612,831
Class
C
................................................................................
4,488
Class
R6
...............................................................................
13,996
Advisor
Class
............................................................................
30,464
Custodian
fees
.............................................................................
28,357
Reports
to
shareholders
fees
..................................................................
29,742
Registration
and
filing
fees
....................................................................
50,618
Professional
fees
...........................................................................
42,118
Trustees'
fees
and
expenses
..................................................................
50,058
Other
....................................................................................
(57,781)
Total
expenses
.........................................................................
5,760,208
Expenses
waived/paid
by
affiliates
(Note
3
f
and
3
g
)
..............................................
(4,033)
Net
expenses
.........................................................................
5,756,175
Net
investment
income
................................................................
1,456,947
Realized
and
unrealized
gains
(losses):
Net
realized
gain
(loss)
from:
Investments:
Unaffiliated
issuers
......................................................................
(33,749,032)
Foreign
currency
transactions
................................................................
(91,635)
Net
realized
gain
(loss)
..................................................................
(33,840,667)
Net
change
in
unrealized
appreciation
(depreciation)
on:
Investments:
Unaffiliated
issuers
......................................................................
112,621,607
Translation
of
other
assets
and
liabilities
denominated
in
foreign
currencies
..............................
53,170
Net
change
in
unrealized
appreciation
(depreciation)
............................................
112,674,777
Net
realized
and
unrealized
gain
(loss)
............................................................
78,834,110
Net
increase
(decrease)
in
net
assets
resulting
from
operations
..........................................
$80,291,057
