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CATEGORY(and approximate amount of assets undermanagement, as of September 30, 2009)In BillionsINVESTMENT CLASSIFICATIONB. Balanced Funds ($0.1) Invest in a specific mix of equitysecurities and bonds with the three-partobjective of conserving principal,providing income, and achieving longtermgrowth of both principal and income.C. Flexible Portfolio Funds ($1.4) Invest in various asset classes including,but not limited to, equities, fixed-incomesecurities, and money market instruments.D. Income-Mixed Funds ($55.3) Invest in a variety of income-producingsecurities, including equities and fixedincomeinstruments.III. TAXABLE BOND FUNDS ($46.2)A. High Yield Funds ($3.1) Invest two-thirds or more of theirportfolios in lower-rated U.S. corporatebonds (Baa or lower by Moody’s andBBB or lower by Standard & Poor’srating services).B. World Bond Funds ($22.9) Invest in debt securities offered by non-U.S. companies and governments.1. Global Bond Funds:GeneralInvest in debt securities worldwide withno stated average maturity or an averagematurity of five years or more.Invest in debt securities worldwide withan average maturity of one to five years.2. Global Bond Funds:Short-Term3. Other World Bond Funds Invest in non-U.S. government andcorporate debt instruments.C. Government Bond Funds ($12.1) Invest in U.S. government bonds ofvarying maturities.1. Government Bond Funds:Intermediate Term2. Government Bond Funds:Short-TermInvest two-thirds or more of theirportfolios in U.S. government securitieswith an average maturity of five to tenyears.Invest two-thirds or more of theirportfolios in U.S. government securitieswith an average maturity of one to fiveyears.3. Mortgage-Backed Funds Invest two-thirds or more of theirportfolios in pooled mortgage-backedsecurities.D. Strategic Income Funds ($6.7) Invest in a combination of U.S. fixedincomesecurities.E. Corporate Bond Funds ($1.4) Seek current income by investing in highqualitydebt securities issued by U.S.corporations.1. Corporate Bond Funds:Short-TermInvest two-thirds or more of theirportfolios in U.S. corporate bonds with anaverage maturity of one to five years.NO. OFMUTUALFUNDSNO. OFINSURANCEPRODUCTFUNDS1 02 03 11 13 21 01 00 11 03 04 11 016
CATEGORY(and approximate amount of assets undermanagement, as of September 30, 2009)In BillionsINVESTMENT CLASSIFICATIONIV. TAX-FREE BOND FUNDS ($65.2)A. State Municipal Bond Funds ($43.7) Invest mainly in municipal bondsissued by a particular state.1. State Municipal Bond Funds:GeneralInvest mainly in single-state municipalbonds with an average maturity ofgreater than five years or no specificstated maturity. The income from thesefunds is largely exempt from federal aswell as state income tax for residents ofthe state.B. National Municipal Bond Funds ($21.5) Invest mainly in bonds of variousmunicipal issuers in the United States.1. National Municipal Bond Funds:General2. National Municipal Bond Funds:Short-TermInvest mainly in municipal bonds withan average maturity of more than fiveyears or no specific stated maturity.Invest mainly in municipal bonds withan average maturity of one to fiveyears.V. CASH MANAGEMENT FUNDS ($5.0)A. Taxable Cash Management Funds ($4.2) Invest in short-term, high-grade moneymarket securities with averagematurities of 90 days of less.1. Taxable Cash Management Funds:Non-GovernmentB. Tax-Exempt Cash Management Funds($0.8)1. National Tax-Exempt CashManagement Funds2. State Tax-Exempt Cash ManagementFundsInvest mainly in a variety of moneymarket instruments, includingcertificates of deposit from largerbanks, commercial paper, and bankers’acceptances.Invest in short-term municipalsecurities with average maturities of 90days or less.Invest in short-term securities ofvarious U.S. municipal issuers.Invest mainly in a variety of short-termsecurities of municipal issuers in asingle state to achieve tax-free incomefor residents of the state.NO. OFMUTUALFUNDSNO. OFINSURANCEPRODUCTFUNDS28 04 01 05 01 01 017
- Page 1 and 2: G A I N F R O M O U R P E R S P E C
- Page 3 and 4: Letter to StockholdersGregory E. Jo
- Page 5 and 6: LETTER TO STOCKHOLDERSHaving announ
- Page 7 and 8: Directors and OfficersDirectorsChar
- Page 9 and 10: Performance GraphThe following perf
- Page 11 and 12: (MARK ONE)UNITED STATESSECURITIES A
- Page 14 and 15: operational and other services requ
- Page 16 and 17: A. Assets Under Management (“AUM
- Page 18 and 19: 60 days. If agreements representing
- Page 20 and 21: Similar arrangements exist with the
- Page 22 and 23: We generally operate our institutio
- Page 24 and 25: Franklin Templeton Variable Insuran
- Page 28 and 29: The following table sets forth the
- Page 30 and 31: Korea; the Commission de Surveillan
- Page 32 and 33: COMPETITIONThe financial services i
- Page 34 and 35: or other efforts successfully stabi
- Page 36 and 37: and, consequently, we are incurring
- Page 38 and 39: such as information, systems and te
- Page 40 and 41: like our business, is based in part
- Page 42 and 43: orrowing costs and limit our access
- Page 44 and 45: director of various subsidiaries of
- Page 46 and 47: PART IIItem 5. Market for Registran
- Page 48 and 49: OverviewWe are a global investment
- Page 50 and 51: Net income decreased in fiscal year
- Page 52 and 53: Investment Management Fee RateThe f
- Page 54 and 55: accounts closed in a calendar year
- Page 56 and 57: Information Systems, Technology and
- Page 58 and 59: Our investments in sponsored invest
- Page 60 and 61: At September 30, 2009, we had $355.
- Page 62 and 63: Off-Balance Sheet ArrangementsAs of
- Page 64 and 65: The fair value of retained subordin
- Page 66 and 67: Indefinite-lived intangible assets
- Page 68 and 69: the position will be sustained upon
- Page 70 and 71: Selected Quarterly Financial Data (
- Page 72 and 73: The following is a summary of the e
- Page 74 and 75: Item 8.Financial Statements and Sup
CATEGORY(and approximate amount of assets undermanagement, as of September 30, 2009)In BillionsINVESTMENT CLASSIFICATIONIV. TAX-FREE BOND FUNDS ($65.2)A. State Municipal Bond Funds ($43.7) Invest mainly in municipal bondsissued by a particular state.1. State Municipal Bond Funds:GeneralInvest mainly in single-state municipalbonds with an average maturity ofgreater than five years or no specificstated maturity. The income from thesefunds is largely exempt from federal aswell as state income tax for residents ofthe state.B. National Municipal Bond Funds ($21.5) Invest mainly in bonds of variousmunicipal issuers in the United States.1. National Municipal Bond Funds:General2. National Municipal Bond Funds:Short-TermInvest mainly in municipal bonds withan average maturity of more than fiveyears or no specific stated maturity.Invest mainly in municipal bonds withan average maturity of one to fiveyears.V. CASH MANAGEMENT FUNDS ($5.0)A. Taxable Cash Management Funds ($4.2) Invest in short-term, high-grade moneymarket securities with averagematurities of 90 days of less.1. Taxable Cash Management Funds:Non-GovernmentB. Tax-Exempt Cash Management Funds($0.8)1. National Tax-Exempt CashManagement Funds2. State Tax-Exempt Cash ManagementFundsInvest mainly in a variety of moneymarket instruments, includingcertificates of deposit from largerbanks, commercial paper, and bankers’acceptances.Invest in short-term municipalsecurities with average maturities of 90days or less.Invest in short-term securities ofvarious U.S. municipal issuers.Invest mainly in a variety of short-termsecurities of municipal issuers in asingle state to achieve tax-free incomefor residents of the state.NO. OFMUTUALFUNDSNO. OFINSURANCEPRODUCTFUNDS28 04 01 05 01 01 017
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