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The following is a summary of the effect of a 10% increase or decrease in the carrying values of ourfinancial instruments subject to market valuation risks at September 30, 2009.(in thousands)CarryingValueCarrying ValueAssuming a10% IncreaseCarrying ValueAssuming a10% DecreaseCurrentInvestment securities, trading ............................ $ 502,609 $ 552,870 $ 452,348Investment securities, available-for-sale .................... 1,027,287 1,130,016 924,558Total Current .................................... $1,529,896 $1,682,886 $1,376,906Banking/FinanceInvestment securities, trading ............................ $ 110,600 $ 121,660 $ 99,540Investment securities, available-for-sale .................... 472,055 519,261 424,850Total Banking/Finance ............................ $ 582,655 $ 640,921 $ 524,390Non-CurrentInvestment securities, available-for-sale .................... $ 108,838 $ 119,721 $ 97,954Total ........................................... $2,221,389 $2,443,528 $1,999,250To mitigate the market valuation risks, we maintain a diversified investment portfolio and, from timeto time, we may enter into derivative agreements. Our exposure to these risks is also minimized as wesponsor a broad range of investment products in various global jurisdictions, which allows us to mitigate theimpact of changes in any particular market(s) or region(s).Our cash, cash equivalents and investments portfolio by investment objective at September 30, 2009was as follows:Percentof TotalPortfolioTradingSecuritiesIncluded inPortfolioPercentof TotalTradingSecuritiesTotal(dollar amounts in thousands)PortfolioCash and Cash Equivalents ........................... $3,104,451 54% $ — —Investment SecuritiesEquityDomestic (U.S.) .................................. 88,054 2% 43,084 7%Global/international ............................... 374,658 6% 198,018 32%Total equity .................................... 462,712 8% 241,102 39%Hybrid ............................................ 64,786 1% 32,567 5%Fixed-IncomeTax-free ........................................ 99,889 2% — —TaxableDomestic (U.S.) .............................. 1,133,859 19% 218,009 36%Global/international ........................... 460,143 8% 121,531 20%Total fixed-income ............................... 1,693,891 29% 339,540 56%Total Investment Securities ........................... 2,221,389 38% 613,209 100%Other 1 ............................................. 450,945 8% — —Total Cash and Cash Equivalents and Investments ........ $5,776,785 100% $613,209 100%1 Includes investments in equity method investees and other investments.62
Investments categorized as investment securities, trading in our consolidated balance sheets includesecurities held by consolidated sponsored investment products. These securities, which amounted to $277.6million at September 30, 2009, are generally assigned a classification in the table presented above based onthe investment objective of the consolidated sponsored investment products holding the trading securities.Investment securities, trading also include securities held by our banking/finance operating segment, whichamounted to $110.6 million at September 30, 2009.63
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G A I N F R O M O U R P E R S P E C
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Letter to StockholdersGregory E. Jo
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LETTER TO STOCKHOLDERSHaving announ
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Directors and OfficersDirectorsChar
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Performance GraphThe following perf
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(MARK ONE)UNITED STATESSECURITIES A
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operational and other services requ
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A. Assets Under Management (“AUM
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60 days. If agreements representing
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Similar arrangements exist with the
Page 22 and 23: We generally operate our institutio
Page 24 and 25: Franklin Templeton Variable Insuran
Page 26 and 27: CATEGORY(and approximate amount of
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 74 and 75: Item 8.Financial Statements and Sup
Page 76 and 77: REPORT OF INDEPENDENT REGISTERED PU
Page 78 and 79: CONSOLIDATED BALANCE SHEETS(dollars
Page 80 and 81: CONSOLIDATED STATEMENTS OF STOCKHOL
Page 82 and 83: CONSOLIDATED STATEMENTS OF CASH FLO
Page 84 and 85: Fair Value Measurements. The Compan
Page 86 and 87: Company held interest-rate swap agr
Page 88 and 89: not performed. If the carrying valu
Page 90 and 91: Accumulated Other Comprehensive Inc
Page 92 and 93: acquisition cost was allocated to t
Page 94 and 95: FHLB borrowings and amounts availab
Page 96 and 97: The Company recognized other-than-t
Page 98 and 99: The changes in Level 3 assets measu
Page 100 and 101: Changes in the allowance for loan l
Page 102 and 103: Company sold retained subordinated
Page 104 and 105: Certain of the goodwill and intangi
Page 106 and 107: At September 30, 2009, maturities o
Page 108 and 109: The components of the net deferred
Page 110 and 111: At September 30, 2009, the banking/
Page 112 and 113: Total assets under management of in
Page 114 and 115: Stock OptionsThe following table su
Page 116 and 117: The following tables summarize info
Page 118 and 119: Operating revenues of the banking/f
Page 120 and 121: minimum Tier 1 and Total risk-based
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PART IIIItem 10. Directors, Executi
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Item 15.(a)(1)(a)(2)(a)(3)PART IVEx
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Exhibit No.Description10.17 Represe
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Exhibit No.Description12 Computatio
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Exhibit No.DescriptionEXHIBIT INDEX
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Exhibit No.Description10.22 Amendme
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(dollars in thousands)COMPUTATION O
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NameState or Nation ofIncorporation
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CONSENT OF INDEPENDENT REGISTERED P
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EXHIBIT 31.2CERTIFICATIONI, Kenneth
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CERTIFICATION PURSUANT TO 18 U.S.C.
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One Franklin ParkwaySan Mateo, CA 9
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