ANNUAL REPORT - Franklin Templeton Investments
ANNUAL REPORT - Franklin Templeton Investments
ANNUAL REPORT - Franklin Templeton Investments
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STATEMENT OF INVESTMENTS As at April 30, 2013<br />
<strong>Templeton</strong> Growth Fund, Ltd.<br />
Shares<br />
Average<br />
Cost Fair Value<br />
(000s) (000s)<br />
LONG-TERM INVESTMENTS: 98.76%<br />
COMMON STOCKS: 97.27%<br />
United States: 45.09%<br />
Abercrombie & Fitch Co., A ............ 144,460 $ 5,527 $ 7,215<br />
Accenture PLC, A ................... 272,340 9,661 22,331<br />
ACE Ltd. ......................... 156,000 7,291 14,005<br />
American Express Co. ............... 178,570 5,697 12,304<br />
Amgen Inc. ....................... 190,790 10,770 20,022<br />
Applied Materials Inc. ............... 716,940 8,294 10,472<br />
Baker Hughes Inc. .................. 451,980 20,505 20,653<br />
Brocade Communications Systems Inc. . . 1,701,290 8,905 9,957<br />
Chesapeake Energy Corp. ............ 498,780 8,634 9,812<br />
Chevron Corp. ..................... 99,770 9,968 12,242<br />
Cisco Systems Inc. ................. 1,295,250 30,991 27,296<br />
Citigroup Inc. ..................... 552,500 16,459 25,969<br />
Comcast Corp., Special A ............. 532,850 15,142 21,090<br />
CVS Caremark Corp. ................ 413,475 15,010 24,233<br />
FedEx Corp. ...................... 142,740 11,940 13,516<br />
Forest Laboratories Inc. .............. 183,540 7,055 6,915<br />
General Electric Co. ................ 480,470 18,288 10,779<br />
Gilead Sciences Inc. ................ 363,700 7,429 18,553<br />
Halliburton Co. .................... 515,715 15,532 22,219<br />
Hewlett-Packard Co. ................ 715,680 12,697 14,844<br />
JPMorgan Chase & Co. .............. 288,090 12,864 14,214<br />
LyondellBasell Industries NV, A ......... 129,030 6,008 7,891<br />
Macy’s Inc. ....................... 359,100 10,646 16,130<br />
Medtronic Inc. .................... 322,650 13,457 15,172<br />
Merck & Co. Inc. ................... 310,920 12,061 14,721<br />
Microsoft Corp. .................... 717,160 20,928 23,905<br />
Morgan Stanley .................... 909,090 16,106 20,284<br />
National Oilwell Varco Inc. ............ 175,402 2,434 11,522<br />
Navistar International Corp. .......... 312,170 11,474 10,412<br />
News Corp., A ..................... 446,630 7,954 13,934<br />
Noble Corp. ...................... 370,261 14,378 13,983<br />
Oracle Corp. ...................... 696,980 11,883 22,994<br />
Pfizer Inc. ........................ 666,273 22,270 19,498<br />
Symantec Corp. ................... 280,770 4,333 6,870<br />
Target Corp. ...................... 201,960 8,192 14,347<br />
The Home Depot Inc. ................ 98,969 2,634 7,312<br />
The Procter & Gamble Co. ............ 175,750 11,588 13,584<br />
Time Warner Cable Inc. .............. 141,911 5,841 13,419<br />
Time Warner Inc. ................... 243,016 9,406 14,632<br />
United Parcel Service Inc., B ........... 165,343 11,895 14,296<br />
Viacom Inc., B ..................... 163,530 7,300 10,541<br />
Walgreen Co. ..................... 330,570 11,704 16,480<br />
481,151 640,568<br />
United Kingdom: 14.26%<br />
Aviva PLC ........................ 2,608,084 38,542 12,452<br />
BG Group PLC ..................... 793,600 15,691 13,443<br />
Shares<br />
Average<br />
Cost Fair Value<br />
(000s) (000s)<br />
United Kingdom: 14.26% (Continued)<br />
BPPLC .......................... 1,039,470 $ 10,115 $ 7,587<br />
GlaxoSmithKline PLC ................ 746,843 20,352 19,377<br />
HSBC Holdings PLC ................. 2,289,231 38,992 25,096<br />
International Consolidated Airlines Group<br />
SA ........................... 1,842,820 5,453 7,841<br />
Kingfisher PLC ..................... 6,006,071 24,732 29,333<br />
Lloyds Banking Group PLC ............ 26,750,190 17,397 22,730<br />
Marks & Spencer Group PLC ........... 2,553,106 15,586 16,301<br />
Royal Dutch Shell PLC, B ............. 412,321 15,129 14,537<br />
Tesco PLC ........................ 1,396,206 8,656 7,996<br />
Vodafone Group PLC ................. 8,451,175 25,516 25,928<br />
236,161 202,621<br />
Switzerland: 6.39%<br />
ABB Ltd. ......................... 710,030 12,968 16,924<br />
Credit Suisse Group AG .............. 926,952 29,327 25,962<br />
Novartis AG ....................... 220,400 14,328 16,453<br />
Roche Holding AG .................. 124,840 20,498 31,380<br />
77,121 90,719<br />
France: 5.97%<br />
Alstom SA ........................ 323,540 13,964 13,355<br />
BNP Paribas SA .................... 344,380 16,428 19,324<br />
Compagnie de Saint-Gobain ........... 168,130 6,886 6,789<br />
Sanofi ........................... 280,080 25,835 30,908<br />
Total SA, B ....................... 283,310 23,094 14,379<br />
86,207 84,755<br />
Germany: 4.43%<br />
Merck KGaA ....................... 46,540 4,700 7,117<br />
Muenchener Rueckversicherungs-<br />
Gesellschaft AG .................. 70,720 10,858 14,244<br />
SAPAG .......................... 217,830 10,496 17,457<br />
Siemens AG ....................... 229,400 21,439 24,098<br />
47,493 62,916<br />
Japan: 3.60%<br />
ITOCHU Corp. ..................... 1,334,200 14,311 16,587<br />
Nissan Motor Co. Ltd. ............... 696,650 7,418 7,300<br />
Toyota Motor Corp. ................. 466,860 22,444 27,212<br />
44,173 51,099<br />
Hong Kong: 3.08%<br />
AIA Group Ltd. .................... 3,230,050 9,158 14,424<br />
Cheung Kong (Holdings) Ltd. .......... 613,150 6,728 9,281<br />
Hutchison Whampoa Ltd. ............. 1,842,620 18,642 20,128<br />
34,528 43,833<br />
Singapore: 2.86%<br />
DBS Group Holdings Ltd. ............. 1,438,611 11,549 19,704<br />
The accompanying notes are an integral part of these financial statements.<br />
4 <strong>Templeton</strong> Growth Fund, Ltd.
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