The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and is "as of" the date indicated. This portfolio data should not be relied upon as a complete listing of a fund's holdings (or of a fund's top holdings) as information on particular holdings may be withheld if it is in the fund's interest to do so. Additionally, foreign currency forwards are not included in the portfolio data. Instead, the net market value of all currency forward contracts is included in cash and other net assets of the fund. Further, portfolio holdings data of over-the-counter derivative investments such as Credit Default Swaps, Interest Swaps or other Swap contracts list only the name of counterparty to the derivative contract, not the details of the derivative. Complete portfolio data can be found in the semi- and annual financial statements of the fund. B85LKS1 B1W8P14 B051DV9 4024006 B14NJ71 6045180 B07VZ99 5769209 B01WP21 6057378 001940105 2677606 B03MPL8 B019M65 6075949 4704096 0090498 B0F9971 6277916 6098236 B3FLWH9 0185929 B3S98W7 B01R1T5 4217561 AAC TECHNOLOGIES HOLDINGS INC 1,295,500 $4,513,209 0.91% N/A N/A AALBERTS INDUSTRIES NV 382,708 $8,010,266 1.62% N/A N/A ACCELL GROUP 250,086 $4,409,302 0.89% N/A N/A AMER SPORTS CORPORATION LTD 617,052 $9,192,928 1.86% N/A N/A AMPLIFON SPA 433,648 $2,159,259 0.44% N/A N/A ANHUI EXPRESSWAY CO LTD 4,004,000 $2,267,999 0.46% N/A N/A ANTENA 3 DE TELEVISION 222,279 $1,152,048 0.23% N/A N/A ARCADIS NV 226,640 $5,379,778 1.09% N/A N/A ASAHI CO LTD 281,400 $4,027,723 0.82% N/A N/A ASICS CORP 722,100 $11,015,937 2.23% N/A N/A ATS AUTOMATION TOOLING SYSTEMS 385,800 $3,414,228 0.69% N/A N/A AXIS CAPITAL HOLDINGS LTD 197,120 $6,828,236 1.38% N/A N/A AYGAZ AS 437,263 $2,316,560 0.47% N/A N/A AZIMUT HLDG S.P.A 421,417 $6,062,884 1.23% N/A N/A BANK OF AYUDHYA PUBLIC CO LTD 1,367,500 $1,452,647 0.29% N/A N/A BARCO NV 120,880 $8,749,223 1.77% N/A N/A BELLWAY PLC 320,320 $5,403,545 1.10% N/A N/A BERENDSEN PLC 492,530 $4,807,473 0.97% N/A N/A BILLABONG INTERNATIONAL LTD 1,188,969 $1,038,887 0.21% N/A N/A BINGGRAE CO LTD 61,820 $6,509,570 1.32% N/A N/A BODYCOTE PLC 970,477 $7,244,834 1.47% N/A N/A BOVIS HOMES GROUP PLC 335,760 $3,159,784 0.64% N/A N/A BS FINANCIAL GROUP INC 524,980 $6,515,114 1.32% N/A N/A CANACCORD FINANCIAL INC 314,238 $2,119,702 0.43% N/A N/A CONSTR Y AUX FERRO SA 14,529 $6,707,772 1.36% N/A N/A Page 1 of 5
7123609 B126KH9 6265438 B68N347 B4JZFN1 6254878 25822C205 B03RSL4 B1978V5 29269R105 6352750 293570107 Y2573F102 4350035 37252B102 B1Y47Y7 6372167 0385804 B00LR01 B587FC4 6140290 443628102 4447476 6451066 6957575 B188NJ2 5470556 7243530 6487328 6327587 3319521 B00VS64 B170DQ6 D CARNEGIE & CO AB 148,750 $0 0.00% N/A N/A DEBENHAMS PLC 1,688,980 $3,148,839 0.64% N/A N/A DESCENTE LTD 988,671 $6,070,943 1.23% N/A N/A DGB FINANCIAL GROUP INC 474,300 $6,488,158 1.32% N/A N/A DIGNITY PLC 411,097 $7,270,210 1.47% N/A N/A D-LINK CORP 7,604,000 $4,800,736 0.97% N/A N/A DOREL INDUSTRIES INC 195,000 $7,057,890 1.43% N/A N/A DUNI AB 361,620 $3,281,816 0.67% N/A N/A EMECO HOLDINGS LTD 4,716,642 $3,058,754 0.62% N/A N/A ENERFLEX LTD 192,100 $2,316,997 0.47% N/A N/A EN-JAPAN INC 1,605 $1,427,527 0.29% N/A N/A ENSIGN ENERGY SERVICES INC 359,500 $5,563,065 1.13% N/A N/A FLEXTRONICS INTERNATIONAL LTD 789,660 $4,903,788 0.99% N/A N/A FORBO HOLDING AG 3,110 $1,987,600 0.40% N/A N/A GENWORTH MI CANADA INC 215,600 $4,903,502 0.99% N/A N/A GERRESHEIMER AG 89,590 $4,759,096 0.96% N/A N/A GIANT MANUFACTURING CO LTD 881,482 $5,049,604 1.02% N/A N/A GREGGS PLC 947,680 $7,065,604 1.43% N/A N/A HALLA CLIMATE CONTROL CO LTD 413,160 $9,206,020 1.87% N/A N/A HOMESERVE 597,940 $2,304,425 0.47% N/A N/A HOPEWELL HOLDINGS LTD 410,000 $1,758,975 0.36% N/A N/A HUDBAY MINERALS INC 642,760 $6,484,223 1.31% N/A N/A HUHTAMAKI OYJ 529,940 $8,595,269 1.74% N/A N/A HYUNDAI MIPO DOCKYARD 43,762 $5,225,239 1.06% N/A N/A ILUKA RESOURCES LTD 235,873 $2,281,555 0.46% N/A N/A IPSOS 114,950 $4,290,270 0.87% N/A N/A JENOPTIK AG 253,970 $2,491,607 0.51% N/A N/A JUMBO SA 443,502 $3,493,914 0.71% N/A N/A KEIHIN CORP 217,800 $3,119,627 0.63% N/A N/A KINGDEE INTERNATIONAL SOFTWARE 23,538,000 $4,434,112 0.90% N/A N/A KINGFISHER PLC 687,190 $3,209,769 0.65% N/A N/A KIWOOM SECURITIES CO LTD 54,015 $2,991,128 0.61% N/A N/A KLOECKNER & CO SE 421,765 $5,041,421 1.02% N/A N/A Page 2 of 5
6149457 6654586 B1VNST9 B1921K0 B0CGYD6 B00Q643 B83VD95 B1VYYM7 6527020 6576356 6514442 B0WD5H8 625284104 6071475 7385722 2649070 B00G256 B00G290 B0KJTG5 B0R8CD3 5910609 5051586 4790534 6848743 6774989 6421928 P8744Y102 B1Z6560 6858991 B0190C7 B16FTB9 6039558 6894025 KOBAYASHI PHARMACEUTICAL CO LT 178,800 $8,475,496 1.72% N/A N/A KOREA INVESTMENT HOLDINGS CO L 68,050 $2,722,281 0.55% N/A N/A LAIRD PLC 2,302,240 $7,761,480 1.57% N/A N/A LOGITECH INTERNATIONAL SA 305,020 $2,299,850 0.47% N/A N/A LOJAS RENNER SA 54,500 $2,131,342 0.43% N/A N/A LPN DEVELOPMENT PUB CO LTD 8,098,600 $4,738,190 0.96% N/A N/A MAN GROUP PLC 81,651 $111,886 0.02% N/A N/A MEDIQ NV 248,049 $4,207,402 0.85% N/A N/A MEGANE TOP CO LTD 388,251 $4,583,393 0.93% N/A N/A MEITEC CORP 313,000 $6,881,801 1.39% N/A N/A METROPOLITAN BANK & TRUST CO 1,702,839 $4,230,140 0.86% N/A N/A MIRAE ASSET SECURITIES CO LTD 78,060 $2,612,665 0.53% N/A N/A MULLEN GROUP LTD 110,100 $2,316,727 0.47% N/A N/A NISSIN KOGYO CO LTD 196,330 $3,035,967 0.62% N/A N/A NOBEL BIOCARE HOLDING AG 265,370 $2,249,709 0.46% N/A N/A NORTH WEST COMPANY INC 84,400 $1,902,558 0.39% N/A N/A ORIFLAME COSMETICS SA 81,430 $2,587,763 0.52% N/A N/A PACIFIC BRANDS LTD 3,867,604 $2,517,306 0.51% N/A N/A PANALPINA WELTTRANSPORT HOLD A 51,350 $5,208,769 1.06% N/A N/A PRUKSA REAL ESTATE PCL 4,049,300 $2,792,620 0.57% N/A N/A RATIONAL AG 12,780 $3,690,704 0.75% N/A N/A ROYAL IMTECH NV 233,010 $5,410,685 1.10% N/A N/A SCHIBSTED ASA 110,648 $4,730,112 0.96% N/A N/A SHENZHEN EXPRESSWAY CO LTD 6,844,000 $2,640,374 0.54% N/A N/A SHINKO PLANTECH CO LTD 309,600 $2,447,087 0.50% N/A N/A SIMPLO TECHNOLOGY CO LTD 1,444,918 $7,258,146 1.47% N/A N/A STEINER LEISURE LTD 148,150 $7,139,348 1.45% N/A N/A STELLA INTERNATIONAL HOLDINGS 2,514,562 $6,813,432 1.38% N/A N/A SUMITOMO RUBBER INDUSTRIES LTD 606,100 $7,319,006 1.48% N/A N/A TECHTRONIC INDUSTRIES CO LTD 5,999,000 $11,254,535 2.28% N/A N/A TECNICAS REUNIDAS SA 103,309 $4,837,596 0.98% N/A N/A TEXWINCA HOLDINGS LTD 2,999,000 $2,820,903 0.57% N/A N/A TOKAI RIKA CO LTD 225,100 $3,129,485 0.63% N/A N/A Page 3 of 5
4730875 895945103 B2R84W0 B1FRPV8 B01D1K4 5968006 7123104 6928560 5699373 B07T3T9 B4K19W5 B622C10 6586537 TOMRA SYSTEMS ASA 730,970 $6,648,831 1.35% N/A N/A TRICAN WELL SERVICE LTD 421,400 $5,566,340 1.13% N/A N/A UBM PLC 611,950 $7,224,514 1.46% N/A N/A USG PEOPLE NV 213,262 $1,724,016 0.35% N/A N/A VECTURA GROUP PLC 1,964,812 $2,685,407 0.54% N/A N/A VERWALTUNGS- UND PRIVAT-BANK A 31,852 $2,261,845 0.46% N/A N/A VONTOBEL HOLDING AG 95,110 $2,930,138 0.59% N/A N/A VTECH HOLDINGS LTD 687,000 $7,698,583 1.56% N/A N/A WIENERBERGER AG 372,910 $3,432,165 0.70% N/A N/A X5 RETAIL GROUP NV 24,688 $440,433 0.09% N/A N/A YINGDE GASES 4,833,000 $4,901,439 0.99% N/A N/A YOUNGONE CORP/NEW 146,188 $4,535,560 0.92% N/A N/A YUE YUEN INDUSTRIAL HOLDINGS L 330,500 $1,104,474 0.22% N/A N/A Page 4 of 5
Important Legal Information Portfolio holdings are subject to change without notice and may not represent current or future portfolio composition. The portfolio data is as of the date indicated and we disclaim any responsibility to update the information. The net market value of all currency forward contracts is included in cash and other net assets, reflected in the base currency of the fund. The net market value of any Credit Default, Interest and/or other Swap contract positions are displayed as exposure to the issuing counterparty (i.e. "Citibank"). Unlike the fund s regulatory filings, the portfolio data and its presentation in this document are not required to conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) presentation requirements. Therefore, it differs from that in the complete statement of investments in the annual and semiannual report to shareholders filed with the SEC on Form N-CSR, and the complete statement of investments provided in the first and third quarter SEC Form N-Q filings for each fiscal year. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or a recommendation to buy or sell securities or other investments. Investors should carefully consider a fund s investment goals, risks, charges and expenses before investing. To obtain a prospectus, which contains this and other information, talk to your financial advisor, call us at 1-800/321-8563 or visit our website at ftinstitutional.com. Please read the prospectus carefully before investing. Franklin Templeton Distributors Inc., One Franklin Parkway, San Mateo, CA 94403. Copyright. 2011-2012. Franklin Templeton Investments. All rights reserved. Page 5 of 5