advisormonthly - Franklin Templeton Investments

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U.S. Equity January 31, 2014Franklin Mutual U.S. Shares FundEffective February 17, 2014, Franklin Mutual Beacon Fund and Franklin Mutual Beacon Corporate Class were renamed Franklin Mutual U.S. Shares Fund andFranklin Mutual U.S. Shares Corporate Class, respectively.Franklin Mutual SeriesINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks long-term capital appreciation byinvesting primarily in equity and debt securities of U.S.issuers, but it may also invest in issuers throughout theworld.MORNINGSTAR CATEGORYGlobal EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSPeter LangermanDavid SegalDeborah TurnerFUND FACTS28 Years, New Jersey, United States23 Years, New Jersey, United States22 Years, New Jersey, United StatesPrice per Unit $5.45Assets of the Fund $175,863,341 2Inception Date 02/03/1997Positions 1 115Portfolio Turnover Rate (06/30/2013) 16.72%MER (06/30/2013 incl. HST) 2.73%BenchmarkS&P 500 Index1 Franklin Mutual U.S. Shares Fund positions are divided into equity and non-equity(distressed book) positions. Each non-equity position shows up separately, distorting thenumber of securities in the Fund.2 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONLowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 213 813Series A DSC 313 913Series A Low Load 556 557Series F 243 833Series I 285 863Series O 123 132Series T Front 3062Series T DSC 3064Series T Low Load 3063CORPORATE CLASS CDN$ US$Series A Front 755 757Series A DSC 756 758Series A Low Load 752 765Series F 759 760Series I 761 762Series O 763 764Series T Front 3158Series T DSC 3160Series T Low Load 3159REASONS TO INVEST IN THIS FUND:• A U.S.-focused mandate with up to 30% international exposure for added diversification within the Fund.• The portfolio manager employs a distinctive, three-pronged approach to investing that has withstood the testof time for 56 years, uncovering opportunities in undervalued stocks, merger arbitrage and distressedsecurities.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 29.27 14.27 -3.05 7.66 23.23 -44.77 -4.88 16.39 5.77 6.10Category Average Return 28.39 11.92 -7.10 6.58 16.54 -29.31 -5.04 17.18 7.26 5.74Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%-60.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -2.15 -2.15 1.79 7.07 19.19 11.20 14.48 2.20 4.07Category Average Return 0.10 0.10 4.99 12.61 22.96 9.57 12.34 3.58 4.50Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateUnited States 70.93United Kingdom 8.52Israel 3.37Germany 2.94Switzerland 2.35Netherlands 2.21Denmark 1.17Canada 0.85Others 2.59Cash & Cash Equivalents 5.07Top Holdings (%)Canary Wharf Group PLC 3.33Vodafone Group PLC 3.19Microsoft Corp 3.09Medtronic Inc 2.77Twenty-First Century Fox Inc 2.76Merck & Co. Inc. 2.55Wells Fargo & Co 2.37Apple Inc. 2.23Lehman Brothers Holdings Inc 2.21WPX Energy Inc 2.15Asset Class Weightings (%)Top Sector Weightings (% Total)• Undervalued Equities 79.97• Distressed Investments 14.71• Cash & Other Net Assets 5.07• Merger Arbitrage 0.25Consumer Discretionary 17.70Financials 16.42Information Technology 15.42Health Care 11.75Energy 10.60Consumer Staples 9.44Telecommunication Services 5.81Materials 3.07Others 4.73Cash & Cash Equivalents 5.07Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements.Did you know? The Series T version of this Fund pays monthly distributions, calculated as 8% of the final NAV of the previous year and split into 12 monthlyinstallments. 8% targeted Series T Return of Capital payout rate may change at the discretion of Franklin Templeton Investments.213 FFE 011444 advisormonthly FRANKLIN TEMPLETON INVESTMENTS For Dealer Use Only. Not For Distribution to the Public.
Global & International Equity January 31, 2014Franklin Mutual Global Discovery FundEffective July 29, 2013, Mutual Global Discovery Fund and Mutual Global Discovery Corporate Class were renamed Franklin Mutual Global Discovery Fundand Franklin Mutual Global Discovery Corporate Class, respectively.Franklin Mutual SeriesINVESTMENT OBJECTIVE & STRATEGYThis Fund seeks long-term capital appreciation byinvesting primarily in the equity and debt securities ofissuers around the world.MORNINGSTAR CATEGORYGlobal EquityRATINGMorningstar Rating OverallPORTFOLIO MANAGERSPhilippe Brugère-TrélatPeter LangermanTim RankinFUND FACTS30 Years, New Jersey, United States28 Years, New Jersey, United States22 Years, New Jersey, United StatesPrice per Unit $16.73Assets of the Fund $1,240,479,482 2Inception Date 02/17/2003Positions 1 155Portfolio Turnover Rate (06/30/2013) 16.95%MER (06/30/2013 incl. HST) 2.64%BenchmarkMSCI World Index1 Franklin Mutual Global Discovery Fund positions are divided into equity and non-equity(distressed book) positions. Each non-equity position shows up separately, distorting thenumber of securities in the Fund.2 Inclusive of trust and corporate class versions where applicable.RISK CLASSIFICATIONREASONS TO INVEST IN THIS FUND:• A true “go anywhere” global mandate, investing around the world in all-cap equities and across all assetclasses.• The portfolio manager employs a distinctive, three-pronged approach to investing that has withstood the testof time for 56 years, uncovering opportunities in undervalued stocks, merger arbitrage and distressedsecurities.Calendar Year Returns in Canadian Dollars (%)2013 2012 2011 2010 2009 2008 2007 2006 2005 2004Series A 27.98 12.57 -3.40 7.73 13.94 -26.27 3.77 18.88 11.96 11.01Category Average Return 28.39 11.92 -7.10 6.58 16.54 -29.31 -5.04 17.18 7.26 5.74Source: Morningstar Research Inc.40.00%20.00%0.00%-20.00%-40.00%2013 2012 2011 2010 2009 2008 2007 2006 2005 2004• Series ACompounded Returns and Category Returns in Canadian Dollars (%)• Category Average ReturnYTD 1 Mo 3 Mo 6 Mo 1 Year 3 Years 5 Years 10 years Since Inc^Series A -2.05 -2.05 1.64 7.27 18.57 10.10 11.10 6.19 7.25Category Average Return 0.10 0.10 4.99 12.61 22.96 9.57 12.34 3.58 5.70Source: Morningstar Research Inc.HOLDINGSTop Country Weightings (% of Total)^ Fund inception dateAsset Class Weightings (%)LowLow toMediumMediumMedium toHighHighFUND CODESSERIES CDN$ US$Series A Front 180 181Series A DSC 182 183Series A Low Load 184 185Series F 225 261Series I 3255 3363Series O 106 145Series T Front 3059 3256Series T DSC 3061 3258Series T Low Load 3060 3257CORPORATE CLASS CDN$ US$Series A Front 370 371Series A DSC 372 373Series A Low Load 374 375Series F 376 377Series I 3259 3362Series O 119 147Series T Front 3161 3260Series T DSC 3163 3262Series T Low Load 3162 3261United States 54.61United Kingdom 15.89France 6.06Netherlands 4.49Germany 3.24Israel 3.17South Korea 2.06Hong Kong 1.91Others 8.21Cash & Cash Equivalents 0.36Top Holdings (%)Vodafone Group PLC 2.60ACE Ltd 2.05Apple Inc. 2.02American International Group Inc 1.99Microsoft Corp 1.99Royal Dutch Shell 1.87Medtronic Inc 1.82Teva Pharmaceutical Industries Ltd 1.79ING Group NV 1.74Wells Fargo & Co 1.66Top Sector Weightings (% Total)• Undervalued Equities 91.52• Distressed Investments 7.87• Cash & Other Net Assets 0.36• Merger Arbitrage 0.25Financials 27.83Information Technology 11.77Energy 11.12Consumer Discretionary 10.64Consumer Staples 10.00Health Care 9.63Industrials 7.93Telecommunication Services 4.24Others 6.48Cash & Cash Equivalents 0.36Fund available in Corporate Class-Series T. Within the Corporate Class structure, you can switch between Corporate Class-Series A—to maximize tax-deferredcompound growth—and Corporate Class-Series T, to meet cash flow requirements.Did you know? The Series T version of this Fund pays monthly distributions, calculated as 8% of the final NAV of the previous year and split into 12 monthlyinstallments. 8% targeted Series T Return of Capital payout rate may change at the discretion of Franklin Templeton Investments.180 FFE 0114For Dealer Use Only. Not For Distribution to the Public.FRANKLIN TEMPLETON INVESTMENTS advisormonthly 45
Page 1: advisormonthlyFEBRUARY 2014
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Page 8 and 9: Franklin Quotential January 31, 201
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Page 20 and 21: Global Fixed Income January 31, 201
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Page 26 and 27: U.S. Equity January 31, 2014Frankli
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Page 35 and 36: Canadian Equity January 31, 2014Fra
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Page 49: U.S. Equity January 31, 2014Frankli
Page 53 and 54: Yield Class Solutions January 31, 2
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Page 57 and 58: 2-Star Overall Morningstar RatingOV
Page 59 and 60: GLOBAL THINKING. LOCAL PRESENCE.STE
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