0001752724-22-003176.txt : 20220114 0001752724-22-003176.hdr.sgml : 20220114 20220114125459 ACCESSION NUMBER: 0001752724-22-003176 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211130 FILED AS OF DATE: 20220114 PERIOD START: 20220831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEMPLETON GLOBAL SMALLER COMPANIES FUND CENTRAL INDEX KEY: 0000350900 IRS NUMBER: 592098933 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03143 FILM NUMBER: 22531268 BUSINESS ADDRESS: STREET 1: 300 S.E. 2ND STREET CITY: FORT LAUDERDALE STATE: FL ZIP: 33301-1923 BUSINESS PHONE: 9545277500 MAIL ADDRESS: STREET 1: 300 S.E. 2ND STREET CITY: FORT LAUDERDALE STATE: FL ZIP: 33301-1923 FORMER COMPANY: FORMER CONFORMED NAME: TEMPLETON GLOBAL SMALLER COMPANIES FUND INC DATE OF NAME CHANGE: 19961112 FORMER COMPANY: FORMER CONFORMED NAME: TEMPLETON SMALLER COMPANIES GROWTH FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: TEMPLETON GLOBAL FUNDS INC DATE OF NAME CHANGE: 19910115 0000350900 S000008758 Templeton Global Smaller Companies Fund C000023841 Class A TEMGX C000023842 Class C TESGX C000023843 Advisor Class TGSAX C000128753 Class R6 FBOGX NPORT-P 1 primary_doc.xml NPORT-P false 0000350900 XXXXXXXX S000008758 C000128753 C000023843 C000023842 C000023841 Templeton Global Smaller Companies Fund 811-03143 0000350900 54930082GM0R0XO8CD89 300 S.E. 2nd Street Fort Lauderdale 33301-1923 954-527-7500 Templeton Global Smaller Companies Fund S000008758 54930082GM0R0XO8CD89 2022-08-31 2021-11-30 N 1283530366.49 12689389.18 1270840977.31 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 16660579.99000000 N BNK Financial Group, Inc. N/A BNK Financial Group, Inc. N/A 1415028.00000000 NS 9556526.14000000 0.751984419028 Long EC CORP KR N 2 N N N Sabre Corp. 529900VKCYZW8GZ4WW58 Sabre Corp. 78573M104 1438000.00000000 NS USD 10828140.00000000 0.852045235661 Long EC CORP US N 1 N N N Sonos, Inc. 549300WEPU6075I77M08 Sonos, Inc. 83570H108 578600.00000000 NS USD 18312690.00000000 1.440989889920 Long EC CORP US N 1 N N N Flow Traders 549300Z7LIC6NFIJL947 Flow Traders N/A 222759.00000000 NS 7797661.73000000 0.613582806127 Long EC CORP NL N 2 N N N Nien Made Enterprise Co. Ltd. N/A Nien Made Enterprise Co. Ltd. N/A 764000.00000000 NS 10468440.54000000 0.823741186104 Long EC CORP TW N 2 N N N Landis+Gyr Group AG 529900PZYVAKCYSLFL19 Landis+Gyr Group AG N/A 120862.00000000 NS 7543774.08000000 0.593604881703 Long EC CORP CH N 2 N N N Huntington Bancshares, Inc. 549300XTVCVV9I7B5T19 Huntington Bancshares, Inc. 446150104 1466399.00000000 NS USD 21761361.16000000 1.712359103029 Long EC CORP US N 1 N N N en-japan, Inc. N/A en-japan, Inc. N/A 201800.00000000 NS 6277252.02000000 0.493944728890 Long EC CORP JP N 2 N N N Canadian Western Bank 549300QG7XFGLKN6HL17 Canadian Western Bank 13677F101 429081.00000000 NS 12405300.26000000 0.976148903087 Long EC CORP CA N 1 N N N Integer Holdings Corp. 549300SUD2ED5XG6X569 Integer Holdings Corp. 45826H109 176700.00000000 NS USD 14090058.00000000 1.108719206538 Long EC CORP US N 1 N N N Brunello Cucinelli SpA 5493003CX2RZ0FOBH256 Brunello Cucinelli SpA N/A 243755.00000000 NS 15412966.43000000 1.212816292926 Long EC CORP IT N 2 N N N Cloetta AB 549300CSLHPO6Y1AZN37 Cloetta AB, Class B N/A 1638654.00000000 NS 4508348.40000000 0.354753150118 Long EC CORP SE N 2 N N N Winnebago Industries, Inc. 549300B7OYKYJLTE3G11 Winnebago Industries, Inc. 974637100 101310.00000000 NS USD 7316608.20000000 0.575729641287 Long EC CORP US N 1 N N N M Dias Branco SA N/A M Dias Branco SA N/A 794100.00000000 NS 3923469.21000000 0.308730146418 Long EC CORP BR N 1 N N N Oxford Instruments plc 213800J364EZD6UCE231 Oxford Instruments plc N/A 258403.00000000 NS 7863248.63000000 0.618743711478 Long EC CORP GB N 2 N N N Freshpet, Inc. 549300S4ZK8ZQ6HNPN59 Freshpet, Inc. 358039105 147400.00000000 NS USD 15922148.00000000 1.252882798420 Long EC CORP US N 1 N N N ICON plc 6354008SRQGEMC4XFI67 ICON plc N/A 50572.00000000 NS USD 13678208.84000000 1.076311598714 Long EC CORP IE N 1 N N N FHLB 2549001DPIFGXC1TOL40 FHLB 313385PY6 40700000.00000000 PA USD 40700000.00000000 3.202603687374 Long STIV USGA US N 2 2021-12-01 None 0.00000000 N N N N N N Interpump Group SpA 815600C79D0F31F4D395 Interpump Group SpA N/A 361995.00000000 NS 24363036.67000000 1.917079878992 Long EC CORP IT N 2 N N N NCR Corp. 549300YKTY8JX1DV2R67 NCR Corp. 62886E108 508700.00000000 NS USD 19788430.00000000 1.557112994726 Long EC CORP US N 1 N N N Acadia Healthcare Co., Inc. 5493005CW985Y9D0NC11 Acadia Healthcare Co., Inc. 00404A109 203400.00000000 NS USD 11424978.00000000 0.899009254815 Long EC CORP US N 1 N N N Canada Goose Holdings, Inc. 529900891XBE6RV8JR07 Canada Goose Holdings, Inc. 135086106 209400.00000000 NS 9336712.84000000 0.734687738804 Long EC CORP CA N 1 N N N Man Group plc 2549003YWC1DW6LALB09 Man Group plc N/A 6590521.00000000 NS 18794415.02000000 1.478895893000 Long EC CORP JE N 1 N N N Merida Industry Co. Ltd. N/A Merida Industry Co. Ltd. N/A 1652000.00000000 NS 17844785.91000000 1.404171428888 Long EC CORP TW N 2 N N N Catcher Technology Co. Ltd. 5299006PRSCU66N5JF55 Catcher Technology Co. Ltd. N/A 1089000.00000000 NS 6083282.53000000 0.478681647713 Long EC CORP TW N 2 N N N Tripod Technology Corp. N/A Tripod Technology Corp. N/A 3011000.00000000 NS 13562781.98000000 1.067228884034 Long EC CORP TW N 2 N N N Middleby Corp. (The) JDFO86U9VQRBKW5KYA35 Middleby Corp. (The) 596278101 47600.00000000 NS USD 8314768.00000000 0.654272890822 Long EC CORP US N 1 N N N Brembo SpA 549300BLWVJN2BAT0A44 Brembo SpA N/A 436393.00000000 NS 5775814.98000000 0.454487625369 Long EC CORP IT N 2 N N N TrustCo Bank Corp. N/A TrustCo Bank Corp. 898349204 612340.00000000 NS USD 19999024.40000000 1.573684257674 Long EC CORP US N 1 N N N North West Co., Inc. (The) 254900VT1HQAZR3IVM76 North West Co., Inc. (The) 663278208 198400.00000000 NS 5228244.50000000 0.411400371356 Long EC CORP CA N 1 N N N Logitech International SA 549300SN6PRK6IJJC215 Logitech International SA N/A 126370.00000000 NS USD 10071689.00000000 0.792521580577 Long EC CORP CH N 1 N N Jones Lang LaSalle, Inc. 6SYKCME112RT8TQUO411 Jones Lang LaSalle, Inc. 48020Q107 86500.00000000 NS USD 20319715.00000000 1.598918776054 Long EC CORP US N 1 N N N Fagron 549300TRKRUFK2RRG779 Fagron N/A 630232.00000000 NS 9449458.94000000 0.743559509703 Long EC CORP BE N 2 N N N Chicony Electronics Co. Ltd. 254900JBP5GB5B1IHS51 Chicony Electronics Co. Ltd. N/A 5455432.00000000 NS 15649874.43000000 1.231458121780 Long EC CORP TW N 2 N N N Tsumura & Co. N/A Tsumura & Co. N/A 644700.00000000 NS 18363520.19000000 1.444989618517 Long EC CORP JP N 2 N N N Matas A/S 2138004PXX8LWGHGL872 Matas A/S N/A 345894.00000000 NS 6366907.74000000 0.500999562783 Long EC CORP DK N 1 N N N Jenoptik AG 529900P34GDHGXK6VB37 Jenoptik AG N/A 368495.00000000 NS 14914020.76000000 1.173555230456 Long EC CORP DE N 2 N N N Thule Group AB 549300XHHOGBOERKU333 Thule Group AB N/A 457582.00000000 NS 25864382.99000000 2.035217895219 Long EC CORP SE N 2 N N N OneSpaWorld Holdings Ltd. 5493007W8PZ8W6UC2X76 OneSpaWorld Holdings Ltd. N/A 314014.00000000 NS USD 891799.76000000 0.070173985252 Long CORP BS N 1 N N N Columbia Sportswear Co. 549300OTMCIEUXAH5Z60 Columbia Sportswear Co. 198516106 223250.00000000 NS USD 21773572.50000000 1.713319989577 Long EC CORP US N 1 N N N Levi Strauss & Co. MB0UERO0RDFKU8258G77 Levi Strauss & Co., Class A 52736R102 868100.00000000 NS USD 22197317.00000000 1.746663618526 Long EC CORP US N 1 N N N Barco NV 549300N17QCD827TII61 Barco NV N/A 520224.00000000 NS 10472156.04000000 0.824033551559 Long EC CORP BE N 2 N N N Huhtamaki OYJ 5493007050SJVMXN6L29 Huhtamaki OYJ N/A 411460.00000000 NS 17656800.79000000 1.389379246125 Long EC CORP FI N 2 N N N LivaNova plc 2138001K2FX6SHK2B339 LivaNova plc N/A 153400.00000000 NS USD 12296544.00000000 0.967591084923 Long EC CORP GB N 1 N N N Camil Alimentos SA N/A Camil Alimentos SA N/A 5051600.00000000 NS 8598124.00000000 0.676569622282 Long EC CORP BR N 1 N N N Asics Corp. 3538002LJMRZ83SU0B85 Asics Corp. N/A 932400.00000000 NS 23089633.33000000 1.816878251665 Long EC CORP JP N 2 N N N Giant Manufacturing Co. Ltd. 549300M7TYVF50B2GY12 Giant Manufacturing Co. Ltd. N/A 1590311.00000000 NS 17864236.04000000 1.405701921715 Long EC CORP TW N 2 N N N iShares Russell 1000 ETF 549300R9T7XRZ4D3YF43 iShares Russell 1000 ETF 464287622 47608.00000000 NS USD 12144800.80000000 0.955650708218 Long RF US N 1 N N N Greggs plc 213800I71QMUFJ64IW20 Greggs plc N/A 336674.00000000 NS 13401929.14000000 1.054571687511 Long EC CORP GB N 2 N N N AllianceBernstein Holding LP N/A AllianceBernstein Holding LP 01881G106 473565.00000000 NS USD 23735077.80000000 1.867667019223 Long US N 1 N N N Deluxe Corp. KWGNKB8TX9LE5TV29231 Deluxe Corp. 248019101 267800.00000000 NS USD 9062352.00000000 0.713098818955 Long EC CORP US N 1 N N N Siegfried Holding AG 506700J9QD6IF3937W06 Siegfried Holding AG N/A 20321.00000000 NS 18285567.31000000 1.438855658298 Long EC CORP CH N 2 N N N Wheels Up Experience, Inc. N/A Wheels Up Experience, Inc. 96328L106 1229000.00000000 NS USD 5702560.00000000 0.448723333746 Long EC CORP US N 1 N N N MGP Ingredients, Inc. 2549006OMHFVZ4MS8538 MGP Ingredients, Inc. 55303J106 340000.00000000 NS USD 26513200.00000000 2.086272041378 Long EC CORP US N 1 N N Patrick Industries, Inc. 549300FZ5ZTCCJ3Z5W14 Patrick Industries, Inc. 703343103 110235.00000000 NS USD 8793445.95000000 0.691939125901 Long EC CORP US N 1 N N N VTech Holdings Ltd. N/A VTech Holdings Ltd. N/A 775800.00000000 NS 6404366.06000000 0.503947084989 Long EC CORP BM N 2 N N N Janus Henderson Group plc 2138009WPYMWJN3RVF44 Janus Henderson Group plc N/A 355733.00000000 NS USD 15200471.09000000 1.196095448714 Long EC CORP JE N 1 N N N Idec Corp. N/A Idec Corp. N/A 335200.00000000 NS 7913904.04000000 0.622729686978 Long EC CORP JP N 2 N N N Lear Corp. 549300UPNBTXA1SYTQ33 Lear Corp. 521865204 76400.00000000 NS USD 12819156.00000000 1.008714404782 Long EC CORP US N 1 N N N King Yuan Electronics Co. Ltd. N/A King Yuan Electronics Co. Ltd. N/A 11061000.00000000 NS 17314801.43000000 1.362467982945 Long EC CORP TW N 2 N N N Meitec Corp. N/A Meitec Corp. N/A 165300.00000000 NS 9694044.64000000 0.762805481809 Long EC CORP JP N 2 N N N DGB Financial Group, Inc. N/A DGB Financial Group, Inc. N/A 1178608.00000000 NS 8905844.30000000 0.700783533031 Long EC CORP KR N 2 N N N Nihon Parkerizing Co. Ltd. N/A Nihon Parkerizing Co. Ltd. N/A 529300.00000000 NS 4924487.85000000 0.387498352502 Long EC CORP JP N 2 N N N Avnet, Inc. XJI53DCPL7QABOWK4Z75 Avnet, Inc. 053807103 161800.00000000 NS USD 5868486.00000000 0.461779727344 Long EC CORP US N 1 N N N Ferro Corp. 1YTO5R7OHOPE81ZNYD08 Ferro Corp. 315405100 964640.00000000 NS USD 20373196.80000000 1.603127154675 Long EC CORP US N 1 N N N Rational AG 529900K139N6UFJ1A758 Rational AG N/A 16473.00000000 NS 15175725.92000000 1.194148299508 Long EC CORP DE N 2 N N N ManpowerGroup, Inc. ERO1WSFOSR0JJ6CRQ987 ManpowerGroup, Inc. 56418H100 57400.00000000 NS USD 5144762.00000000 0.404831296114 Long EC CORP US N 1 N N N Techtronic Industries Co. Ltd. 549300HZW2SBE758OK89 Techtronic Industries Co. Ltd. N/A 978290.00000000 NS 20121379.27000000 1.583312123959 Long EC CORP HK N 2 N N N Knowles Corp. 5493003EO323TDZQU148 Knowles Corp. 49926D109 896610.00000000 NS USD 19474369.20000000 1.532400162388 Long EC CORP US N 1 N N Institutional Fiduciary Trust Money Market Portfolio N/A Institutional Fiduciary Trust Money Market Portfolio N/A 9965490.50000000 NS USD 9965490.50000000 0.784165027562 Long STIV RF US N 1 N N Texas Capital Bancshares, Inc. 549300466Q2SXRX0YM48 Texas Capital Bancshares, Inc. 88224Q107 153070.00000000 NS USD 8620902.40000000 0.678362010190 Long EC CORP US N 1 N N N Dometic Group AB 549300STIPMK5VSA7Y59 Dometic Group AB N/A 1482092.00000000 NS 20285940.82000000 1.596261151646 Long EC CORP SE N 2 N N N TriMas Corp. 75G1WUQ8QK4P5MZOYD78 TriMas Corp. 896215209 646250.00000000 NS USD 21403800.00000000 1.684223312133 Long EC CORP US N 1 N N N BillerudKorsnas AB 549300YJUYJ9A24RXL71 BillerudKorsnas AB N/A 315734.00000000 NS 6571515.10000000 0.517099717221 Long EC CORP SE N 2 N N N Traeger, Inc. N/A Traeger, Inc. 89269P103 623600.00000000 NS USD 8050676.00000000 0.633492005981 Long EC CORP US N 1 N N N US Ecology, Inc. N/A US Ecology, Inc. 91734M103 152500.00000000 NS USD 5195675.00000000 0.408837540869 Long EC CORP US N 1 N N N Sealed Air Corp. Q0M0CZB4YN6JZ65WXI09 Sealed Air Corp. 81211K100 260500.00000000 NS USD 16182260.00000000 1.273350504817 Long EC CORP US N 1 N N N Alpargatas SA N/A Alpargatas SA N/A 665987.00000000 NS 4630141.19000000 0.364336787424 Long EP CORP BR N 1 N N N Bunka Shutter Co. Ltd. 3538006KDHDR2E6VDJ47 Bunka Shutter Co. Ltd. N/A 760000.00000000 NS 6762721.42000000 0.532145369935 Long EC CORP JP N 2 N N N IDOM, Inc. N/A IDOM, Inc. N/A 1432500.00000000 NS 8686708.52000000 0.683540165535 Long EC CORP JP N 2 N N N Voya Financial, Inc. 549300T065Z4KJ686G75 Voya Financial, Inc. 929089100 175800.00000000 NS USD 10924212.00000000 0.859604954124 Long EC CORP US N 1 N N N Crown Holdings, Inc. NYLWZIOY8PUNIT4JOE22 Crown Holdings, Inc. 228368106 230800.00000000 NS USD 24418640.00000000 1.921455196675 Long EC CORP US N 1 N N N Alamo Group, Inc. 54930080C93RVZRSDV26 Alamo Group, Inc. 011311107 162210.00000000 NS USD 23069506.20000000 1.815294487027 Long EC CORP US N 1 N N N OneSpaWorld Holdings Ltd. 5493007W8PZ8W6UC2X76 OneSpaWorld Holdings Ltd. N/A 1478293.00000000 NS USD 13940302.99000000 1.096935276631 Long EC CORP BS N 1 N N N Richter Gedeon Nyrt. 549300J6ZJW5IH4WEE46 Richter Gedeon Nyrt. N/A 402078.00000000 NS 10678947.88000000 0.840305598471 Long EC CORP HU N 1 N N N Johnson Electric Holdings Ltd. 529900EDYRQ6K25JEC80 Johnson Electric Holdings Ltd. N/A 3060690.00000000 NS 6668295.01000000 0.524715139742 Long EC CORP BM N 2 N N N Sakari Resources Ltd. 254900TUHZ8DLU2Y6T53 Sakari Resources Ltd. N/A 1342000.00000000 NS 273186.85000000 0.021496540863 Long EC CORP SG Y 3 N N N Bucher Industries AG 52990014AQ91A29HPB27 Bucher Industries AG N/A 42624.00000000 NS 19421098.67000000 1.528208408191 Long EC CORP CH N 2 N N N Technogym SpA 815600B9149F66E77F76 Technogym SpA N/A 1912931.00000000 NS 17630864.09000000 1.387338337745 Long EC CORP IT N 2 N N N Skechers USA, Inc. 529900D2R54KZPA4XR56 Skechers USA, Inc., Class A 830566105 495800.00000000 NS USD 22271336.00000000 1.752488029394 Long EC CORP US N 1 N N N LCI Industries 549300E1B98YNJ1WIQ04 LCI Industries 50189K103 85380.00000000 NS USD 13000812.60000000 1.023008608639 Long EC CORP US N 1 N N N TechnoPro Holdings, Inc. 3538001DJ8I5PJQNHU53 TechnoPro Holdings, Inc. N/A 332700.00000000 NS 9088767.32000000 0.715177389010 Long EC CORP JP N 2 N N N BrightView Holdings, Inc. 549300F8QN8YHVI7L866 BrightView Holdings, Inc. 10948C107 579900.00000000 NS USD 7886640.00000000 0.620584332800 Long EC CORP US N 1 N N N Hillenbrand, Inc. U246OE781574J2BUD366 Hillenbrand, Inc. 431571108 500410.00000000 NS USD 22318286.00000000 1.756182433402 Long EC CORP US N 1 N N N MillerKnoll, Inc. U98HXD3PNK7HYU2MU887 MillerKnoll, Inc. 600544100 346500.00000000 NS USD 13146210.00000000 1.034449646707 Long EC CORP US N 1 N N N 2021-12-30 Templeton Global Smaller Companies Fund Jeffrey W. White Jeffrey W. White Assistant Treasurer XXXX NPORT-EX 2 TGSCF.htm
Not
FDIC
Insured
May
Lose
Value
No
Bank
Guarantee
103-Q1PH
1
Statement
of
Investments
(unaudited)
Templeton
Global
Smaller
Companies
Fund
2
Notes
to
Statement
of
Investments
6
Templeton
Global
Smaller
Companies
Fund
Statement
of
Investments
(unaudited),
November
30,
2021
Quarterly
Statement
of
Investments
See
Notes
to
Statement
of
Investments.
2
a
a
Industry
Shares
a
Value
a
Common
Stocks
92.1%
Bahamas
1.1%
a
OneSpaWorld
Holdings
Ltd.
........
Diversified
Consumer
Services
1,478,293
$
13,940,303
a
Belgium
1.6%
Barco
NV
......................
Electronic
Equipment,
Instruments
&
Components
520,224
10,472,156
Fagron
........................
Health
Care
Providers
&
Services
630,232
9,449,459
19,921,615
Brazil
1.0%
a
Camil
Alimentos
SA
...............
Food
Products
5,051,600
8,598,124
a
M
Dias
Branco
SA
................
Food
Products
794,100
3,923,469
12,521,593
Canada
2.1%
a
Canada
Goose
Holdings,
Inc.
.......
Textiles,
Apparel
&
Luxury
Goods
209,400
9,336,713
Canadian
Western
Bank
...........
Banks
429,081
12,405,300
North
West
Co.,
Inc.
(The)
..........
Food
&
Staples
Retailing
198,400
5,228,245
26,970,258
Denmark
0.5%
Matas
A/S
......................
Specialty
Retail
345,894
6,366,908
Finland
1.4%
Huhtamaki
OYJ
..................
Containers
&
Packaging
411,460
17,656,801
Germany
2.4%
Jenoptik
AG
....................
Electronic
Equipment,
Instruments
&
Components
368,495
14,914,021
Rational
AG
....................
Machinery
16,473
15,175,726
30,089,747
Hong
Kong
2.6%
Johnson
Electric
Holdings
Ltd.
......
Auto
Components
3,060,690
6,668,295
Techtronic
Industries
Co.
Ltd.
.......
Machinery
978,290
20,121,379
VTech
Holdings
Ltd.
..............
Communications
Equipment
775,800
6,404,366
33,194,040
Hungary
0.8%
Richter
Gedeon
Nyrt
.
.............
Pharmaceuticals
402,078
10,678,948
Indonesia
0.0%
†
b,c
Sakari
Resources
Ltd.
.............
Oil,
Gas
&
Consumable
Fuels
1,342,000
273,187
Ireland
1.1%
a
ICON
plc
.......................
Life
Sciences
Tools
&
Services
50,572
13,678,209
a
Italy
5.0%
Brembo
SpA
....................
Auto
Components
436,393
5,775,815
a
Brunello
Cucinelli
SpA
.............
Textiles,
Apparel
&
Luxury
Goods
243,755
15,412,966
Interpump
Group
SpA
.............
Machinery
361,995
24,363,037
d
Technogym
SpA
,
144A,
Reg
S
......
Leisure
Products
1,912,931
17,630,864
63,182,682
Japan
7.5%
Asics
Corp.
.....................
Textiles,
Apparel
&
Luxury
Goods
932,400
23,089,633
Bunka
Shutter
Co.
Ltd.
............
Building
Products
760,000
6,762,721
en
Japan,
Inc.
...................
Professional
Services
201,800
6,277,252
Idec
Corp.
......................
Electrical
Equipment
335,200
7,913,904
IDOM,
Inc.
.....................
Specialty
Retail
1,432,500
8,686,709
Templeton
Global
Smaller
Companies
Fund
Statement
of
Investments
(unaudited)
See
Notes
to
Statement
of
Investments.
Quarterly
Statement
of
Investments
3
a
a
Industry
Shares
a
Value
a
Common
Stocks
(continued)
Japan
(continued)
Meitec
Corp.
....................
Professional
Services
165,300
$
9,694,045
Nihon
Parkerizing
Co.
Ltd.
..........
Chemicals
529,300
4,924,488
TechnoPro
Holdings,
Inc.
..........
Professional
Services
332,700
9,088,767
Tsumura
&
Co.
..................
Pharmaceuticals
644,700
18,363,520
94,801,039
Netherlands
0.6%
d
Flow
Traders,
144A,
Reg
S
.........
Capital
Markets
222,759
7,797,662
Singapore
0.4%
a
Wheels
Up
Experience,
Inc.
........
Airlines
1,229,000
5,702,560
a
South
Korea
1.4%
BNK
Financial
Group,
Inc.
..........
Banks
1,415,028
9,556,526
DGB
Financial
Group,
Inc.
..........
Banks
1,178,608
8,905,844
18,462,370
Sweden
4.5%
BillerudKorsnas
AB
...............
Containers
&
Packaging
315,734
6,571,515
Cloetta
AB,
B
...................
Food
Products
1,638,654
4,508,348
d
Dometic
Group
AB,
144A
..........
Auto
Components
1,482,092
20,285,941
d
Thule
Group
AB,
144A,
Reg
S
.......
Leisure
Products
457,582
25,864,383
57,230,187
Switzerland
4.4%
Bucher
Industries
AG
.............
Machinery
42,624
19,421,099
a
Landis+Gyr
Group
AG
.............
Electronic
Equipment,
Instruments
&
Components
120,862
7,543,774
e
Logitech
International
SA
..........
Technology
Hardware,
Storage
&
Peripherals
126,370
10,071,689
a
Siegfried
Holding
AG
..............
Life
Sciences
Tools
&
Services
20,321
18,285,567
55,322,129
Taiwan
7.8%
Catcher
Technology
Co.
Ltd.
........
Technology
Hardware,
Storage
&
Peripherals
1,089,000
6,083,283
Chicony
Electronics
Co.
Ltd.
........
Technology
Hardware,
Storage
&
Peripherals
5,455,432
15,649,874
Giant
Manufacturing
Co.
Ltd.
........
Leisure
Products
1,590,311
17,864,236
King
Yuan
Electronics
Co.
Ltd.
......
Semiconductors
&
Semiconductor
Equipment
11,061,000
17,314,801
Merida
Industry
Co.
Ltd.
...........
Leisure
Products
1,652,000
17,844,786
Nien
Made
Enterprise
Co.
Ltd.
......
Household
Durables
764,000
10,468,441
Tripod
Technology
Corp.
...........
Electronic
Equipment,
Instruments
&
Components
3,011,000
13,562,782
98,788,203
United
Kingdom
3.1%
Greggs
plc
.....................
Hotels,
Restaurants
&
Leisure
336,674
13,401,929
Man
Group
plc
..................
Capital
Markets
6,590,521
18,794,415
Oxford
Instruments
plc
............
Electronic
Equipment,
Instruments
&
Components
258,403
7,863,249
40,059,593
United
States
42.8%
a
Acadia
Healthcare
Co.,
Inc.
.........
Health
Care
Providers
&
Services
203,400
11,424,978
Alamo
Group,
Inc.
................
Machinery
162,210
23,069,506
Avnet,
Inc.
.....................
Electronic
Equipment,
Instruments
&
Components
161,800
5,868,486
a
BrightView
Holdings,
Inc.
...........
Commercial
Services
&
Supplies
579,900
7,886,640
Columbia
Sportswear
Co.
..........
Textiles,
Apparel
&
Luxury
Goods
223,250
21,773,573
Crown
Holdings,
Inc.
..............
Containers
&
Packaging
230,800
24,418,640
Templeton
Global
Smaller
Companies
Fund
Statement
of
Investments
(unaudited)
Quarterly
Statement
of
Investments
See
Notes
to
Statement
of
Investments.
4
a
a
Industry
Shares
a
Value
a
Common
Stocks
(continued)
United
States
(continued)
Deluxe
Corp.
....................
Commercial
Services
&
Supplies
267,800
$
9,062,352
a
Ferro
Corp.
.....................
Chemicals
964,640
20,373,197
a
Freshpet
,
Inc.
...................
Food
Products
147,400
15,922,148
Hillenbrand,
Inc.
.................
Machinery
500,410
22,318,286
Huntington
Bancshares,
Inc.
........
Banks
1,466,399
21,761,361
a
Integer
Holdings
Corp.
............
Health
Care
Equipment
&
Supplies
176,700
14,090,058
Janus
Henderson
Group
plc
........
Capital
Markets
355,733
15,200,471
a
Jones
Lang
LaSalle,
Inc.
...........
Real
Estate
Management
&
Development
86,500
20,319,715
a,e
Knowles
Corp.
..................
Electronic
Equipment,
Instruments
&
Components
896,610
19,474,369
LCI
Industries
...................
Auto
Components
85,380
13,000,813
Lear
Corp.
.....................
Auto
Components
76,400
12,819,156
Levi
Strauss
&
Co.,
A
.............
Textiles,
Apparel
&
Luxury
Goods
868,100
22,197,317
a
LivaNova
plc
....................
Health
Care
Equipment
&
Supplies
153,400
12,296,544
ManpowerGroup
,
Inc.
.............
Professional
Services
57,400
5,144,762
e
MGP
Ingredients,
Inc.
.............
Beverages
340,000
26,513,200
a
Middleby
Corp.
(The)
.............
Machinery
47,600
8,314,768
MillerKnoll
,
Inc.
..................
Commercial
Services
&
Supplies
346,500
13,146,210
a
NCR
Corp.
.....................
Software
508,700
19,788,430
Patrick
Industries,
Inc.
.............
Auto
Components
110,235
8,793,446
a
Sabre
Corp.
....................
IT
Services
1,438,000
10,828,140
Sealed
Air
Corp.
.................
Containers
&
Packaging
260,500
16,182,260
a
Skechers
USA,
Inc.,
A
.............
Textiles,
Apparel
&
Luxury
Goods
495,800
22,271,336
a
Sonos
,
Inc.
.....................
Household
Durables
578,600
18,312,690
a
Texas
Capital
Bancshares,
Inc.
......
Banks
153,070
8,620,902
a
Traeger
,
Inc.
....................
Household
Durables
623,600
8,050,676
TriMas
Corp.
....................
Containers
&
Packaging
646,250
21,403,800
TrustCo
Bank
Corp.
..............
Thrifts
&
Mortgage
Finance
612,340
19,999,024
a
US
Ecology,
Inc.
.................
Commercial
Services
&
Supplies
152,500
5,195,675
Voya
Financial,
Inc.
...............
Diversified
Financial
Services
175,800
10,924,212
Winnebago
Industries,
Inc.
.........
Automobiles
101,310
7,316,608
544,083,749
Total
Common
Stocks
(Cost
$782,328,735)
.....................................
1,170,721,783
a
Management
Investment
Companies
0.9%
United
States
0.9%
iShares
Russell
1000
ETF
..........
Capital
Markets
47,608
12,144,801
Total
Management
Investment
Companies
(Cost
$11,499,229)
....................
12,144,801
a
Preferred
Stocks
0.4%
Brazil
0.4%
f
Alpargatas
SA,
0.7%
..............
Textiles,
Apparel
&
Luxury
Goods
665,987
4,630,141
Total
Preferred
Stocks
(Cost
$1,823,143)
.......................................
4,630,141
Warrants
a
a
a
a
a
Warrants
0.1%
Bahamas
0.1%
a
OneSpaWorld
Holdings
Ltd.
,
3/19/24
..
Diversified
Consumer
Services
314,014
891,800
Total
Warrants
(Cost
$–)
......................................................
891,800
Templeton
Global
Smaller
Companies
Fund
Statement
of
Investments
(unaudited)
See
Notes
to
Statement
of
Investments.
Quarterly
Statement
of
Investments
5
See
Abbreviations
on
page
9
.
a
a
Industry
Units
a
Value
a
a
a
a
a
a
Private
Limited
Partnership
Funds
1.9%
United
States
1.9%
AllianceBernstein
Holding
LP
.......
Capital
Markets
473,565
$
23,735,078
Total
Private
Limited
Partnership
Funds
(Cost
$6,164,831)
.......................
23,735,078
Total
Long
Term
Investments
(Cost
$801,815,938)
...............................
1,212,123,603
Short
Term
Investments
4.0%
a
a
Principal
Amount
*
a
Value
a
a
a
a
a
a
U.S.
Government
and
Agency
Securities
3.2%
United
States
3.2%
g
FFCB,
12/01/21
.................
700,000
700,000
g
FHLB,
12/01/21
..................
40,700,000
40,700,000
41,400,000
Total
U.S.
Government
and
Agency
Securities
(Cost
$41,400,000)
.................
41,400,000
Industry
Shares
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
0.8%
Money
Market
Funds
0.8%
h,i
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0.01%
..........
9,965,491
9,965,491
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$9,965,491)
.................................................................
9,965,491
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$51,365,491
)
................................
51,365,491
a
a
a
Total
Investments
(Cost
$853,181,429)
99.4%
...................................
$1,263,489,094
Other
Assets,
less
Liabilities
0.6%
.............................................
7,236,309
Net
Assets
100.0%
...........................................................
$1,270,725,403
a
a
a
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
Non-income
producing.
b
Fair
valued
using
significant
unobservable
inputs.
See
Note
7
regarding
fair
value
measurements.
c
See
Note
5
regarding
restricted
securities.
d
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
November
30,
2021,
the
aggregate
value
of
these
securities
was
$71,578,850,
representing
5.6%
of
net
assets.
e
A
portion
or
all
of
the
security
is
on
loan
at
November
30,
2021.
f
Variable
rate
security.
The
rate
shown
represents
the
yield
at
period
end.
g
The
security
was
issued
on
a
discount
basis
with
no
stated
coupon
rate.
h
See
Note
6
regarding
investments
in
affiliated
management
investment
companies.
i
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Templeton
Global
Smaller
Companies
Fund
Notes
to
Statement
of
Investments
(unaudited)
6
1.
Organization
Templeton
Global
Smaller
Companies
Fund (Fund)
is
registered
under
the
Investment
Company
Act
of
1940
(1940
Act)
as
an
open-end
management
investment
company
and
applies
the
specialized
accounting
and
reporting
guidance
in
U.S.
Generally
Accepted
Accounting
Principles
(U.S.
GAAP). 
2. Financial
Instrument
Valuation
The
Fund's investments
in
financial
instruments
are
carried
at
fair
value
daily.
Fair
value
is
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
on
the
measurement
date.
The
Fund
calculates the
net
asset
value
(NAV)
per
share
each
business
day
as
of
4
p.m.
Eastern
time
or
the
regularly
scheduled
close
of
the
New
York
Stock
Exchange
(NYSE),
whichever
is
earlier.
Under
compliance
policies
and
procedures
approved
by
the
Fund’s
Board
of
Trustees
(the
Board),
the
Fund’s
administrator
has
responsibility
for
oversight
of
valuation,
including
leading
the
cross-functional
Valuation
Committee
(VC).
The
Fund
may
utilize
independent
pricing
services,
quotations
from
securities
and
financial
instrument
dealers,
and
other
market
sources
to
determine
fair
value. 
Equity
securities
and
exchange
traded
funds
listed
on
an
exchange
or
on
the
NASDAQ
National
Market
System
are
valued
at
the
last
quoted
sale
price
or
the
official
closing
price
of
the
day,
respectively.
Foreign
equity
securities
are
valued
as
of
the
close
of
trading
on
the
foreign
stock
exchange
on
which
the
security
is
primarily
traded
or
as
of
4
p.m.
Eastern
time.
The
value
is
then
converted
into
its
U.S.
dollar
equivalent
at
the
foreign
exchange
rate
in
effect
at
4
p.m. Eastern
time
on
the
day
that
the
value
of
the
security
is
determined.
Over-the-counter
(OTC)
securities
are
valued
within
the
range
of
the
most
recent
quoted
bid
and
ask
prices.
Securities
that
trade
in
multiple
markets
or
on
multiple
exchanges
are
valued
according
to
the
broadest
and
most
representative
market.
Certain
equity
securities
are
valued
based
upon
fundamental
characteristics
or
relationships
to
similar
securities. 
Debt
securities
generally
trade
in
the
OTC
market
rather
than
on
a
securities
exchange.
The Fund's
pricing
services
use
multiple
valuation
techniques
to
determine
fair
value.
In
instances
where
sufficient
market
activity
exists,
the
pricing
services
may
utilize
a
market-based
approach
through
which
quotes
from
market
makers
are
used
to
determine
fair
value.
In
instances
where
sufficient
market
activity
may
not
exist
or
is
limited,
the
pricing
services
also
utilize
proprietary
valuation
models
which
may
consider
market
characteristics
such
as
benchmark
yield
curves,
credit
spreads,
estimated
default
rates,
anticipated
market
interest
rate
volatility,
coupon
rates,
anticipated
timing
of
principal
repayments,
underlying
collateral,
and
other
unique
security
features
in
order
to
estimate
the
relevant
cash
flows,
which
are
then
discounted
to
calculate
the
fair
value.
Investments
in
open-end
mutual
funds
are
valued
at
the
closing
NAV.
The
Fund
has procedures
to
determine
the
fair
value
of
financial
instruments
for
which
market
prices
are
not
reliable
or
readily
available.
Under
these
procedures,
the
Fund
primarily employs
a
market-based
approach
which
may
use
related
or
comparable
assets
or
liabilities,
recent
transactions,
market
multiples,
book
values,
and
other
relevant
information
for
the
investment
to
determine
the
fair
value
of
the
investment.
An
income-based
valuation
approach
may
also
be
used
in
which
the
anticipated
future
cash
flows
of
the
investment
are
discounted
to
calculate
fair
value.
Discounts
may
also
be
applied
due
to
the
nature
or
duration
of
any
restrictions
on
the
disposition
of
the
investments.
Due
to
the
inherent
uncertainty
of
valuations
of
such
investments,
the
fair
values
may
differ
significantly
from
the
values
that
would
have
been
used
had
an
active
market
existed. 
Trading
in
securities
on
foreign
securities
stock
exchanges
and
OTC
markets
may
be
completed
before
4
p.m.
Eastern
time.
In
addition,
trading
in
certain
foreign
markets
may
not
take
place
on
every
Fund’s
business
day.
Events
can
occur
between
the
time
at
which
trading
in
a
foreign
security
is
completed
and
4
p.m.
Eastern
time
that
might
call
into
question
the
reliability
of
the
value
of
a
portfolio
security
held
by
the
Fund.
As
a
result,
differences
may
arise
between
the
value
of
the
Fund’s
portfolio securities
as
determined
at
the
foreign
market
close
and
the
latest
indications
of
value
at
4
p.m.
Eastern
time.
In
order
to
minimize
the
potential
for
these
differences,
an
independent
pricing
service
may
be
used
to
adjust
the
value
of
the
Fund's
Templeton
Global
Smaller
Companies
Fund
Notes
to
Statement
of
Investments
(unaudited)
7
portfolio
securities
to
the
latest
indications
of
fair
value
at 4
p.m.
Eastern
time.
At
November
30,
2021,
certain
securities
may
have
been
fair
valued
using
these
procedures,
in
which
case
the
securities
were
categorized
as
Level
2
inputs
within
the
fair
value
hierarchy
(referred
to
as
"market
level
fair
value").
See
the
Fair
Value
Measurements
note
for
more
information.
When
the
last
day
of
the
reporting
period
is
a
non-business
day,
certain
foreign
markets
may
be
open
on
those
days
that
the
Fund’s
NAV
is
not
calculated,
which
could
result
in
differences
between
the
value
of
the
Fund’s
portfolio
securities
on
the
last
business
day
and
the
last
calendar
day
of
the
reporting
period.
Any
security
valuation
changes
due
to
an
open
foreign
market
are
adjusted
and
reflected
by
the
Fund for
financial
reporting
purposes.
3.
Concentration
of
Risk 
Investing
in
foreign
securities
may
include
certain
risks
and
considerations
not
typically
associated
with
investing
in
U.S.
securities,
such
as
fluctuating
currency
values
and
changing
local,
regional
and
global
economic,
political
and
social
conditions,
which
may
result
in
greater
market
volatility.
Political
and
financial
uncertainty
in
many
foreign
regions
may
increase
market
volatility
and
the
economic
risk
of
investing
in
foreign
securities.
In
addition,
certain
foreign
securities
may
not
be
as
liquid
as
U.S.
securities.
4.
Novel
Coronavirus
Pandemic 
The
global
outbreak
of
the
novel
coronavirus
disease,
known
as
COVID-19, has
caused
adverse
effects
on
many
companies,
sectors,
nations,
regions
and
the
markets
in
general, and
may
continue for
an unpredictable duration.
The
effects
of
this
pandemic
may
materially
impact
the
value
and
performance
of
the Fund, its ability
to
buy
and
sell
fund
investments
at
appropriate
valuations
and its ability
to
achieve its investment
objectives.
5.
Restricted
Securities
At
November
30,
2021,
investments
in
restricted
securities,
excluding
securities
exempt
from
registration
under
the
Securities
Act
of
1933
(1933
Act),
were
as
follows:
Shares
Issuer
Acquisition
Date
Cost
Value
Templeton
Global
Smaller
Companies
Fund
1,342,000
Sakari
Resources
Ltd
.........................
1/18/12
-
2/23/12
$
2,478,736
$
273,187
Total
Restricted
Securities
(Value
is
0.0%
†
of
Net
Assets)
.............
$2,478,736
$273,187
†
Rounds
to
less
than
0.1%
of
net
assets.
2. Financial
Instrument
Valuation
(continued)
Templeton
Global
Smaller
Companies
Fund
Notes
to
Statement
of
Investments
(unaudited)
8
6.
Investments
in
Affiliated
Management
Investment
Companies 
The
Fund
invests
in
one
or
more
affiliated
management
investment
companies.
As
defined
in
the
1940
Act,
an
investment
is
deemed
to
be
a
“Controlled
Affiliate”
of
a
fund
when
a
fund
owns,
either
directly
or
indirectly,
25%
or
more
of
the
affiliated
fund’s
outstanding
shares
or
has
the
power
to
exercise
control
over
management
or
policies
of
such
fund.
The
Fund
does
not
invest for
purposes
of
exercising
a
controlling
influence
over
the
management
or
policies.
During
the
period
ended
November
30,
2021,
the
Fund
held
investments
in
affiliated
management
investment
companies
as
follows: 
7. Fair
Value
Measurements 
The Fund
follows a
fair
value
hierarchy
that
distinguishes
between
market
data
obtained
from
independent
sources
(observable
inputs)
and
the Fund's
own
market
assumptions
(unobservable
inputs).
These
inputs
are
used
in
determining
the
value
of
the
Fund's
financial
instruments
and
are
summarized
in
the
following
fair
value
hierarchy:
• Level
1
–
quoted
prices
in
active
markets
for
identical
financial
instruments
• Level
2
–
other
significant
observable
inputs
(including
quoted
prices
for
similar
financial
instruments,
interest
rates,
prepayment
speed,
credit
risk,
etc.)
• Level
3
–
significant
unobservable
inputs
(including
the
Fund's
own
assumptions
in
determining
the
fair
value
of
financial
instruments)
The
input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level.
A
summary
of
inputs
used
as
of
November
30,
2021,
in
valuing
the Fund's
assets
carried
at
fair
value,
is
as
follows:  
    aa
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares
Held
at
End
of
Period
Investment
Income
a      
a  
a  
a  
a  
a  
a  
a  
Templeton
Global
Smaller
Companies
Fund
Non-Controlled
Affiliates
Income
from
securities
loaned
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0.01%
.
$264,494
$37,170,358
$(27,469,361)
$
—
$
—
$9,965,491
9,965,491
$90
Total
Affiliated
Securities
...
$264,494
$37,170,358
$(27,469,361)
$—
$—
$9,965,491
$90
Level
1
Level
2
Level
3
Total
Templeton
Global
Smaller
Companies
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Bahamas
............................
$
13,940,303
$
—
$
—
$
13,940,303
Belgium
.............................
—
19,921,615
—
19,921,615
Brazil
...............................
12,521,593
—
—
12,521,593
Canada
.............................
26,970,258
—
—
26,970,258
Denmark
............................
6,366,908
—
—
6,366,908
Finland
..............................
—
17,656,801
—
17,656,801
Germany
............................
—
30,089,747
—
30,089,747
Hong
Kong
...........................
—
33,194,040
—
33,194,040
Hungary
.............................
10,678,948
—
—
10,678,948
Indonesia
............................
—
—
273,187
273,187
Templeton
Global
Smaller
Companies
Fund
Notes
to
Statement
of
Investments
(unaudited)
9
A
reconciliation
in
which
Level
3
inputs
are
used
in
determining
fair
value
is
presented
when
there
are
significant
Level
3
assets
and/or
liabilities
at
the
beginning
and/or
end
of
the
period.
8.
Subsequent
Events
The Fund
has
evaluated
subsequent
events
through
the
issuance
of
the
Statement
of
Investments
and
determined
that
no
events
have
occurred
that
require
disclosure.
Abbreviations
Level
1
Level
2
Level
3
Total
Templeton
Global
Smaller
Companies
Fund
(continued)
Assets:
Investments
in
Securities:
Common
Stocks:
Ireland
..............................
$
13,678,209
$
—
$
—
$
13,678,209
Italy
................................
—
63,182,682
—
63,182,682
Japan
...............................
—
94,801,039
—
94,801,039
Netherlands
..........................
—
7,797,662
—
7,797,662
Singapore
............................
5,702,560
—
—
5,702,560
South
Korea
..........................
—
18,462,370
—
18,462,370
Sweden
.............................
—
57,230,187
—
57,230,187
Switzerland
...........................
10,071,689
45,250,440
—
55,322,129
Taiwan
..............................
—
98,788,203
—
98,788,203
United
Kingdom
.......................
18,794,415
21,265,178
—
40,059,593
United
States
.........................
544,083,749
—
—
544,083,749
Management
Investment
Companies
.........
12,144,801
—
—
12,144,801
Preferred
Stocks
........................
4,630,141
—
—
4,630,141
Warrants
..............................
891,800
—
—
891,800
Private
Limited
Partnership
Funds
............
23,735,078
—
—
23,735,078
Short
Term
Investments
...................
9,965,491
41,400,000
—
51,365,491
Total
Investments
in
Securities
...........
$714,175,943
$549,039,964
a
$273,187
$1,263,489,094
a
Includes
foreign
securities
valued
at
$507,639,964,
which
were
categorized
as
Level
2
as
a
result
of
the
application
of
market
level
fair
value
procedures.
See
the
Financial
Instrument
Valuation
note
for
more
information.
Selected
Portfolio
ETF
Exchange-Traded
Fund
FFCB
Federal
Farm
Credit
Banks
Funding
Corp.
FHLB
Federal
Home
Loan
Banks
7. Fair
Value
Measurements 
(continued)
For
additional
information
on
the
Fund's
significant
accounting
policies,
please
refer
to
the Fund's
most
recent
semiannual
or
annual
shareholder
report.