0001752724-24-161808.txt : 20240723 0001752724-24-161808.hdr.sgml : 20240723 20240723150753 ACCESSION NUMBER: 0001752724-24-161808 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240531 FILED AS OF DATE: 20240723 DATE AS OF CHANGE: 20240723 PERIOD START: 20240831 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEMPLETON GLOBAL SMALLER COMPANIES FUND CENTRAL INDEX KEY: 0000350900 ORGANIZATION NAME: IRS NUMBER: 592098933 STATE OF INCORPORATION: FL FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03143 FILM NUMBER: 241134156 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 2024-08-31 2024-05-31 N 914715704.47 2644565.39 912071139.08 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 41754634.35000000 UST BNK Financial Group, Inc. N/A BNK Financial Group, Inc. N/A 871410.00000000 NS 5344109.74000000 0.585931240559 Long EC CORP KR N 2 N N N Sonos, Inc. 549300WEPU6075I77M08 Sonos, Inc. 83570H108 579824.00000000 NS USD 9161219.20000000 1.004441299309 Long EC CORP US N 1 N N N Nien Made Enterprise Co. Ltd. N/A Nien Made Enterprise Co. Ltd. N/A 390000.00000000 NS 4221909.39000000 0.462892554001 Long EC CORP TW N 2 N N N Maytronics Ltd. N/A Maytronics Ltd. N/A 402036.00000000 NS 2069665.55000000 0.226919311588 Long EC CORP IL N 2 N N N Huntington Bancshares, Inc. 549300XTVCVV9I7B5T19 Huntington Bancshares, Inc. 446150104 1083647.00000000 NS USD 15084366.24000000 1.653858519765 Long EC CORP US N 1 N N N Canadian Western Bank 549300QG7XFGLKN6HL17 Canadian Western Bank 13677F101 455211.00000000 NS 8462127.28000000 0.927792462387 Long EC CORP CA N 1 N N N Integer Holdings Corp. 549300SUD2ED5XG6X569 Integer Holdings Corp. 45826H109 148771.00000000 NS USD 18036996.04000000 1.977586535431 Long EC CORP US N 1 N N Brunello Cucinelli SpA 5493003CX2RZ0FOBH256 Brunello Cucinelli SpA N/A 144209.00000000 NS 14566612.32000000 1.597091684612 Long EC CORP IT N 2 N N N Deckers Outdoor Corp. 5493008LG4W3I6K8J118 Deckers Outdoor Corp. 243537107 7888.00000000 NS USD 8628840.96000000 0.946071045368 Long EC CORP US N 1 N N N Winnebago Industries, Inc. 549300B7OYKYJLTE3G11 Winnebago Industries, Inc. 974637100 66549.00000000 NS USD 4129365.45000000 0.452745983626 Long EC CORP US N 1 N N N Grupo Traxion SAB de CV 4469000001BS6B603745 Grupo Traxion SAB de CV, Class A N/A 2375386.00000000 NS 4186417.69000000 0.459001223766 Long EC CORP MX N 1 N N N Oxford Instruments plc 213800J364EZD6UCE231 Oxford Instruments plc N/A 198263.00000000 NS 6317154.69000000 0.692616443973 Long EC CORP GB N 1 N N N Freshpet, Inc. 549300S4ZK8ZQ6HNPN59 Freshpet, Inc. 358039105 139503.00000000 NS USD 18298608.51000000 2.006269875884 Long EC CORP US N 1 N N ICON plc 6354008SRQGEMC4XFI67 ICON plc N/A 39972.00000000 NS USD 12983705.04000000 1.423540827428 Long EC CORP IE N 1 N N N Interpump Group SpA 815600C79D0F31F4D395 Interpump Group SpA N/A 323981.00000000 NS 15280894.36000000 1.675405974956 Long EC CORP IT N 2 N N N NCR Voyix Corp. 549300YKTY8JX1DV2R67 NCR Voyix Corp. 62886E108 509893.00000000 NS USD 6720389.74000000 0.736827364889 Long EC CORP US N 1 N N Man Group plc 2549003YWC1DW6LALB09 Man Group plc N/A 4037121.00000000 NS 13648127.74000000 1.496388511291 Long EC CORP JE N 2 N N N Merida Industry Co. 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N/A TrustCo Bank Corp. 898349204 441870.00000000 NS USD 12283986.00000000 1.346823232713 Long EC CORP US N 1 N N N Logitech International SA 549300SN6PRK6IJJC215 Logitech International SA N/A 120892.00000000 NS USD 12090408.92000000 1.325599331231 Long EC CORP CH N 1 N N Jones Lang LaSalle, Inc. 6SYKCME112RT8TQUO411 Jones Lang LaSalle, Inc. 48020Q107 80167.00000000 NS USD 16199345.69000000 1.776105502728 Long EC CORP US N 1 N N Healthcare Services Group, Inc. 529900GVZ1D2FBYMS719 Healthcare Services Group, Inc. 421906108 234565.00000000 NS USD 2528610.70000000 0.277238319650 Long EC CORP US N 1 N N N Sanlorenzo SpA 8156006C71E895860132 Sanlorenzo SpA N/A 272907.00000000 NS 12587756.37000000 1.380128789372 Long EC CORP IT N 2 N N N Tsumura & Co. N/A Tsumura & Co. N/A 616800.00000000 NS 15492067.53000000 1.698559121783 Long EC CORP JP N 1 N N N Fevertree Drinks plc 2138007AJRLHRVQZLD07 Fevertree Drinks plc N/A 447141.00000000 NS 6160415.67000000 0.675431488404 Long EC CORP GB N 1 N N N Jenoptik AG 529900P34GDHGXK6VB37 Jenoptik AG N/A 264567.00000000 NS 7935185.10000000 0.870018221166 Long EC CORP DE N 2 N N N Advanced Drainage Systems, Inc. 6QQTOZ5MF5DHM7K92I60 Advanced Drainage Systems, Inc. 00790R104 35645.00000000 NS USD 6184051.05000000 0.678022884951 Long EC CORP US N 1 N N N Brunswick Corp. YM4O38W15AX4YLLQKU27 Brunswick Corp. 117043109 48682.00000000 NS USD 4017725.46000000 0.440505711435 Long EC CORP US N 1 N N N Avanos Medical, Inc. 549300YCXWOM7NEWMQ58 Avanos Medical, Inc. 05350V106 227405.00000000 NS USD 4527633.55000000 0.496412325311 Long EC CORP US N 1 N N N Adesso SE 529900KOICE97ZSA1O52 Adesso SE N/A 36474.00000000 NS 3923143.49000000 0.430135690288 Long EC CORP DE N 2 N N N Thule Group AB 549300XHHOGBOERKU333 Thule Group AB N/A 417274.00000000 NS 12596300.52000000 1.381065574852 Long EC CORP SE N 2 N N N Columbia Sportswear Co. 549300OTMCIEUXAH5Z60 Columbia Sportswear Co. 198516106 165319.00000000 NS USD 14154612.78000000 1.551919820012 Long EC CORP US N 1 N N N John Bean Technologies Corp. 5493007CT6ATBZ2L6826 John Bean Technologies Corp. 477839104 104783.00000000 NS USD 10009919.99000000 1.097493338085 Long EC CORP US N 1 N N Levi Strauss & Co. 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N/A 544942.00000000 NS 3185124.07000000 0.349218820059 Long EC CORP NZ N 2 N N SBM Offshore NV 549300RDGCRYZ5QE6513 SBM Offshore NV N/A 881822.00000000 NS 13650246.70000000 1.496620835274 Long EC CORP NL N 2 N N N Carel Industries SpA 815600115DA6E507AE33 Carel Industries SpA N/A 201236.00000000 NS 3813169.22000000 0.418078048587 Long EC CORP IT N 2 N N N Asics Corp. 3538002LJMRZ83SU0B85 Asics Corp. N/A 284800.00000000 NS 15821069.13000000 1.734631044893 Long EC CORP JP N 2 N N N Miller Industries, Inc. 549300F1O74SPUJ7UU94 Miller Industries, Inc. 600551204 194869.00000000 NS USD 11848035.20000000 1.299025338303 Long EC CORP US N 1 N N N Kaufman & Broad SA 969500CE0X343D8ALO86 Kaufman & Broad SA N/A 178798.00000000 NS 6460944.68000000 0.708381660504 Long EC CORP FR N 2 N N N Greggs plc 213800I71QMUFJ64IW20 Greggs plc N/A 294404.00000000 NS 11073922.08000000 1.214151134216 Long EC CORP GB N 2 N N N Savills plc 213800WXICGMBWHTA933 Savills plc N/A 370962.00000000 NS 5389818.06000000 0.590942726839 Long EC CORP GB N 1 N N N AllianceBernstein Holding LP N/A AllianceBernstein Holding LP 01881G106 404165.00000000 NS USD 13559735.75000000 1.486697163082 Long US N 1 N N N Siegfried Holding AG 506700J9QD6IF3937W06 Siegfried Holding AG N/A 15877.00000000 NS 15895503.70000000 1.742792093611 Long EC CORP CH N 2 N N N Haitian International Holdings Ltd. 30030093DDRS825TVP62 Haitian International Holdings Ltd. N/A 2001000.00000000 NS 6137473.79000000 0.672916127594 Long EC CORP KY N 2 N N N CKD Corp. N/A CKD Corp. N/A 290200.00000000 NS 5683979.24000000 0.623194726425 Long EC CORP JP N 2 N N N MGP Ingredients, Inc. 2549006OMHFVZ4MS8538 MGP Ingredients, Inc. 55303J106 137900.00000000 NS USD 10703798.00000000 1.173570518939 Long EC CORP US N 1 N N Patrick Industries, Inc. 549300FZ5ZTCCJ3Z5W14 Patrick Industries, Inc. 703343103 84601.00000000 NS USD 9695274.60000000 1.062995438029 Long EC CORP US N 1 N N N CESC Ltd. 3358009RW8LFOENISG12 CESC Ltd. N/A 2784368.00000000 NS 4927172.51000000 0.540218004811 Long EC CORP IN N 2 N N N VTech Holdings Ltd. N/A VTech Holdings Ltd. N/A 742200.00000000 NS 5322046.95000000 0.583512263678 Long EC CORP BM N 2 N N N Janus Henderson Group plc 2138009WPYMWJN3RVF44 Janus Henderson Group plc N/A 333825.00000000 NS USD 11183137.50000000 1.226125575169 Long EC CORP JE N 1 N N N Idec Corp. N/A Idec Corp. N/A 221500.00000000 NS 3903661.27000000 0.427999648573 Long EC CORP JP N 2 N N N OneSpaWorld Holdings Ltd. 5493007W8PZ8W6UC2X76 OneSpaWorld Holdings Ltd. N/A 314014.00000000 NS USD 4882917.70000000 0.535365882197 Long EC CORP BS N 1 N N N King Yuan Electronics Co. Ltd. N/A King Yuan Electronics Co. Ltd. N/A 2678000.00000000 NS 7314820.23000000 0.802001062919 Long EC CORP TW N 2 N N N Canaccord Genuity Group, Inc. 5493002DR5KW4JP7YS87 Canaccord Genuity Group, Inc. 134801109 982700.00000000 NS 6685475.56000000 0.732999354276 Long EC CORP CA N 1 N N N MEITEC Group Holdings, Inc. N/A MEITEC Group Holdings, Inc. N/A 265600.00000000 NS 5298022.64000000 0.580878224624 Long EC CORP JP N 2 N N N DGB Financial Group, Inc. N/A DGB Financial Group, Inc. N/A 805029.00000000 NS 4806340.41000000 0.526969904436 Long EC CORP KR N 2 N N N Persimmon plc 213800XI72Y57UWN6F31 Persimmon plc N/A 298433.00000000 NS 5576493.95000000 0.611409977913 Long EC CORP GB N 2 N N N Exide Industries Ltd. 335800X6SNGIZCBA9V34 Exide Industries Ltd. N/A 2827836.00000000 NS 16546614.51000000 1.814180254260 Long EC CORP IN N 2 N N N Medacta Group SA 506700P2PFU3A3DROC14 Medacta Group SA N/A 70626.00000000 NS 9593403.75000000 1.051826259920 Long EC CORP CH N 2 N N N NCR Atleos Corp. N/A NCR Atleos Corp. 63001N106 254946.00000000 NS USD 7095147.18000000 0.777915984399 Long EC CORP US N 1 N N N Rational AG 529900K139N6UFJ1A758 Rational AG N/A 16473.00000000 NS 14058168.04000000 1.541345563700 Long EC CORP DE N 2 N N N ManpowerGroup, Inc. ERO1WSFOSR0JJ6CRQ987 ManpowerGroup, Inc. 56418H100 119814.00000000 NS USD 8940520.68000000 0.980243787674 Long EC CORP US N 1 N N N Techtronic Industries Co. Ltd. 549300HZW2SBE758OK89 Techtronic Industries Co. Ltd. N/A 1143790.00000000 NS 14070721.38000000 1.542721919059 Long EC CORP HK N 2 N N N Lithia Motors, Inc. SE8N1EZEHPZQBCBVKD53 Lithia Motors, Inc., Class A 536797103 19963.00000000 NS USD 5053433.82000000 0.554061366868 Long EC CORP US N 1 N N N Knowles Corp. 5493003EO323TDZQU148 Knowles Corp. 49926D109 600672.00000000 NS USD 10523773.44000000 1.153832523482 Long EC CORP US N 1 N N N Institutional Fiduciary Trust Money Market Portfolio N/A Institutional Fiduciary Trust Money Market Portfolio N/A 1236900.00000000 NS USD 1236900.00000000 0.135614421617 Long STIV RF US N 1 N N Gerresheimer AG 5299006GD4UWSYZOKC28 Gerresheimer AG N/A 93726.00000000 NS 10736937.61000000 1.177203964685 Long EC CORP DE N 2 N N N Texas Capital Bancshares, Inc. 549300466Q2SXRX0YM48 Texas Capital Bancshares, Inc. 88224Q107 176282.00000000 NS USD 10626278.96000000 1.165071287171 Long EC CORP US N 1 N N N Dometic Group AB 549300STIPMK5VSA7Y59 Dometic Group AB N/A 1263517.00000000 NS 8965518.56000000 0.982984569497 Long EC CORP SE N 2 N N N Academy Sports & Outdoors, Inc. N/A Academy Sports & Outdoors, Inc. 00402L107 66392.00000000 NS USD 3830154.48000000 0.419940322184 Long EC CORP US N 1 N N N TriMas Corp. 75G1WUQ8QK4P5MZOYD78 TriMas Corp. 896215209 565191.00000000 NS USD 15045384.42000000 1.649584530783 Long EC CORP US N 1 N N N Lancaster Colony Corp. 529900X4O13HED1ZAS58 Lancaster Colony Corp. 513847103 47843.00000000 NS USD 8874876.50000000 0.973046522330 Long EC CORP US N 1 N N N TOA Paint Thailand PCL 254900E35GTJZH95L596 TOA Paint Thailand PCL N/A 3115700.00000000 NS 1937266.63000000 0.212403018470 Long EC CORP TH N 1 N N N Sealed Air Corp. Q0M0CZB4YN6JZ65WXI09 Sealed Air Corp. 81211K100 243467.00000000 NS USD 9463562.29000000 1.037590368175 Long EC CORP US N 1 N N N Bunka Shutter Co. Ltd. 3538006KDHDR2E6VDJ47 Bunka Shutter Co. Ltd. N/A 368800.00000000 NS 4263969.01000000 0.467503994732 Long EC CORP JP N 2 N N N IDOM, Inc. N/A IDOM, Inc. N/A 860300.00000000 NS 7346423.06000000 0.805466015228 Long EC CORP JP N 2 N N N Xtep International Holdings Ltd. 529900ZZZZBTOKZQI549 Xtep International Holdings Ltd. N/A 8683949.00000000 NS 6045306.08000000 0.662810807290 Long EC CORP KY N 2 N N N Voya Financial, Inc. 549300T065Z4KJ686G75 Voya Financial, Inc. 929089100 106845.00000000 NS USD 8100987.90000000 0.888196934744 Long EC CORP US N 1 N N N Crown Holdings, Inc. NYLWZIOY8PUNIT4JOE22 Crown Holdings, Inc. 228368106 58954.00000000 NS USD 4963337.26000000 0.544183128632 Long EC CORP US N 1 N N N Alamo Group, Inc. 54930080C93RVZRSDV26 Alamo Group, Inc. 011311107 81215.00000000 NS USD 15430037.85000000 1.691758152282 Long EC CORP US N 1 N N N OneSpaWorld Holdings Ltd. 5493007W8PZ8W6UC2X76 OneSpaWorld Holdings Ltd. N/A 890011.00000000 NS USD 13839671.05000000 1.517389429070 Long EC CORP BS N 1 N N N Richter Gedeon Nyrt. 549300J6ZJW5IH4WEE46 Richter Gedeon Nyrt. N/A 262517.00000000 NS 6652477.58000000 0.729381436925 Long EC CORP HU N 1 N N N Lindblad Expeditions Holdings, Inc. 549300GSPW24GZE6R597 Lindblad Expeditions Holdings, Inc. 535219109 680433.00000000 NS USD 5266551.42000000 0.577427702110 Long EC CORP US N 1 N N N TOA Paint Thailand PCL 254900E35GTJZH95L596 TOA Paint Thailand PCL N/A 605600.00000000 NS 376547.38000000 0.041284869553 Long EC CORP TH N 1 N N N Bucher Industries AG 52990014AQ91A29HPB27 Bucher Industries AG N/A 31309.00000000 NS 12978153.36000000 1.422932138066 Long EC CORP CH N 2 N N N Technogym SpA 815600B9149F66E77F76 Technogym SpA N/A 1563557.00000000 NS 15849359.34000000 1.737732799657 Long EC CORP IT N 2 N N N Skechers USA, Inc. 529900D2R54KZPA4XR56 Skechers USA, Inc., Class A 830566105 80592.00000000 NS USD 5755880.64000000 0.631078036939 Long EC CORP US N 1 N N N LCI Industries 549300E1B98YNJ1WIQ04 LCI Industries 50189K103 67839.00000000 NS USD 7454149.32000000 0.817277183830 Long EC CORP US N 1 N N N TechnoPro Holdings, Inc. 3538001DJ8I5PJQNHU53 TechnoPro Holdings, Inc. N/A 392900.00000000 NS 6540437.05000000 0.717097249299 Long EC CORP JP N 2 N N N Jeisys Medical, Inc. N/A Jeisys Medical, Inc. N/A 519985.00000000 NS 4456210.92000000 0.488581507413 Long EC CORP KR N 2 N N N Hillenbrand, Inc. U246OE781574J2BUD366 Hillenbrand, Inc. 431571108 306925.00000000 NS USD 14268943.25000000 1.564455077966 Long EC CORP US N 1 N N N 2024-07-01 Templeton Global Smaller Companies Fund Monica Krogh Monica Krogh Assistant Treasurer XXXX NPORT-EX 2 TGSCF.htm
Not
FDIC
Insured
May
Lose
Value
No
Bank
Guarantee
103-Q3PH
1
Schedule
of
Investments
(unaudited)
Templeton
Global
Smaller
Companies
Fund
2
Notes
to
Schedule
of
Investments
6
Templeton
Global
Smaller
Companies
Fund
Schedule
of
Investments
(unaudited),
May
31,
2024
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
2
a
a
Industry
Shares
a
Value
a
Common
Stocks
93.8%
Bahamas
2.0%
a
OneSpaWorld
Holdings
Ltd.
........
Diversified
Consumer
Services
1,184,359
$
18,416,782
Belgium
0.9%
Barco
NV
......................
Electronic
Equipment,
Instruments
&
Components
581,204
8,160,354
Brazil
1.0%
Camil
Alimentos
SA
...............
Food
Products
4,832,600
8,807,881
Canada
1.7%
Canaccord
Genuity
Group,
Inc.
......
Capital
Markets
982,700
6,685,476
Canadian
Western
Bank
...........
Banks
455,211
8,462,127
15,147,603
China
1.3%
Haitian
International
Holdings
Ltd.
....
Machinery
2,001,000
6,137,474
Xtep
International
Holdings
Ltd.
......
Textiles,
Apparel
&
Luxury
Goods
8,683,949
6,045,306
12,182,780
Finland
1.3%
Huhtamaki
OYJ
..................
Containers
&
Packaging
288,328
11,619,795
France
0.7%
Kaufman
&
Broad
SA
.............
Household
Durables
178,798
6,460,945
Germany
4.0%
Adesso
SE
.....................
IT
Services
36,474
3,923,143
Gerresheimer
AG
................
Life
Sciences
Tools
&
Services
93,726
10,736,938
Jenoptik
AG
....................
Electronic
Equipment,
Instruments
&
Components
264,567
7,935,185
Rational
AG
....................
Machinery
16,473
14,058,168
36,653,434
Hong
Kong
2.1%
Techtronic
Industries
Co.
Ltd.
.......
Machinery
1,143,790
14,070,721
VTech
Holdings
Ltd.
..............
Communications
Equipment
742,200
5,322,047
19,392,768
Hungary
0.7%
Richter
Gedeon
Nyrt.
.............
Pharmaceuticals
262,517
6,652,478
India
2.4%
CESC
Ltd.
.....................
Electric
Utilities
2,784,368
4,927,172
Exide
Industries
Ltd.
..............
Automobile
Components
2,827,836
16,546,615
21,473,787
Israel
0.2%
Maytronics
Ltd.
..................
Household
Durables
402,036
2,069,665
Italy
6.8%
Brunello
Cucinelli
SpA
.............
Textiles,
Apparel
&
Luxury
Goods
144,209
14,566,612
b
Carel
Industries
SpA
,
144A
,
Reg
S
...
Building
Products
201,236
3,813,169
Interpump
Group
SpA
.............
Machinery
323,981
15,280,895
Sanlorenzo
SpA
.................
Leisure
Products
272,907
12,587,757
b
Technogym
SpA
,
144A
,
Reg
S
......
Leisure
Products
1,563,557
15,849,359
62,097,792
Japan
7.5%
Asics
Corp.
.....................
Textiles,
Apparel
&
Luxury
Goods
284,800
15,821,069
Bunka
Shutter
Co.
Ltd.
............
Building
Products
368,800
4,263,969
Templeton
Global
Smaller
Companies
Fund
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
3
a
a
Industry
Shares
a
Value
a
Common
Stocks
(continued)
Japan
(continued)
CKD
Corp.
.....................
Machinery
290,200
$
5,683,979
Idec
Corp.
......................
Electrical
Equipment
221,500
3,903,661
IDOM,
Inc.
.....................
Specialty
Retail
860,300
7,346,423
MEITEC
Group
Holdings,
Inc.
.......
Professional
Services
265,600
5,298,023
Morinaga
&
Co.
Ltd.
..............
Food
Products
239,100
3,824,199
TechnoPro
Holdings,
Inc.
..........
Professional
Services
392,900
6,540,437
Tsumura
&
Co.
..................
Pharmaceuticals
616,800
15,492,068
68,173,828
Mexico
0.5%
a,b
Grupo
Traxion
SAB
de
CV
,
A
,
144A
,
Reg
S
.......................
Ground
Transportation
2,404,809
4,238,273
Netherlands
1.5%
SBM
Offshore
NV
................
Energy
Equipment
&
Services
881,822
13,650,247
New
Zealand
0.3%
c
Summerset
Group
Holdings
Ltd.
.....
Health
Care
Providers
&
Services
544,942
3,185,124
South
Korea
1.6%
BNK
Financial
Group,
Inc.
..........
Banks
871,410
5,344,110
DGB
Financial
Group,
Inc.
..........
Banks
805,029
4,806,340
a
Jeisys
Medical,
Inc.
...............
Health
Care
Equipment
&
Supplies
519,985
4,456,211
14,606,661
Sweden
2.4%
b
Dometic
Group
AB
,
144A
..........
Automobile
Components
1,263,517
8,965,519
b
Thule
Group
AB
,
144A
,
Reg
S
.......
Leisure
Products
417,274
12,596,300
21,561,819
Switzerland
5.5%
Bucher
Industries
AG
.............
Machinery
31,309
12,978,153
c
Logitech
International
SA
..........
Technology
Hardware,
Storage
&
Peripherals
120,892
12,090,409
b
Medacta
Group
SA
,
144A
,
Reg
S
....
Health
Care
Equipment
&
Supplies
70,626
9,593,404
Siegfried
Holding
AG
..............
Life
Sciences
Tools
&
Services
15,877
15,895,504
50,557,470
Taiwan
2.7%
King
Yuan
Electronics
Co.
Ltd.
......
Semiconductors
&
Semiconductor
Equipment
2,678,000
7,314,820
Merida
Industry
Co.
Ltd.
...........
Leisure
Products
1,175,000
8,300,268
Nien
Made
Enterprise
Co.
Ltd.
......
Household
Durables
390,000
4,221,910
Tripod
Technology
Corp.
...........
Electronic
Equipment,
Instruments
&
Components
717,000
4,710,626
24,547,624
Thailand
0.3%
TOA
Paint
Thailand
PCL
...........
Chemicals
3,115,700
1,937,267
TOA
Paint
Thailand
PCL
,
NVDR
.....
Chemicals
605,600
376,547
United
Kingdom
5.6%
Fevertree
Drinks
plc
..............
Beverages
447,141
6,160,416
Greggs
plc
.....................
Hotels,
Restaurants
&
Leisure
294,404
11,073,922
Man
Group
plc
..................
Capital
Markets
4,037,121
13,648,128
Oxford
Instruments
plc
............
Electronic
Equipment,
Instruments
&
Components
198,263
6,317,155
Persimmon
plc
..................
Household
Durables
298,433
5,576,494
Savills
plc
......................
Real
Estate
Management
&
Development
370,962
5,389,818
Templeton
Global
Smaller
Companies
Fund
Schedule
of
Investments
(unaudited)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
4
a
a
Industry
Shares
a
Value
a
Common
Stocks
(continued)
United
Kingdom
(continued)
a,b
Watches
of
Switzerland
Group
plc
,
144A
Specialty
Retail
591,731
$
3,126,804
51,292,737
United
States
40.8%
Academy
Sports
&
Outdoors,
Inc.
....
Specialty
Retail
66,392
3,830,155
Advanced
Drainage
Systems,
Inc.
....
Building
Products
35,645
6,184,051
Alamo
Group,
Inc.
................
Machinery
81,215
15,430,038
a
Avanos
Medical,
Inc.
..............
Health
Care
Equipment
&
Supplies
227,405
4,527,634
Brunswick
Corp.
.................
Leisure
Products
48,682
4,017,725
Columbia
Sportswear
Co.
..........
Textiles,
Apparel
&
Luxury
Goods
165,319
14,154,613
Crown
Holdings,
Inc.
..............
Containers
&
Packaging
58,954
4,963,337
a
Deckers
Outdoor
Corp.
............
Textiles,
Apparel
&
Luxury
Goods
7,888
8,628,841
a,c
Freshpet,
Inc.
...................
Food
Products
139,503
18,298,609
a
Healthcare
Services
Group,
Inc.
.....
Commercial
Services
&
Supplies
234,565
2,528,611
Hillenbrand,
Inc.
.................
Machinery
306,925
14,268,943
Huntington
Bancshares,
Inc.
........
Banks
1,083,647
15,084,366
a
ICON
plc
.......................
Life
Sciences
Tools
&
Services
39,972
12,983,705
a,c
Integer
Holdings
Corp.
............
Health
Care
Equipment
&
Supplies
148,771
18,036,996
Janus
Henderson
Group
plc
........
Capital
Markets
333,825
11,183,138
c
John
Bean
Technologies
Corp.
......
Machinery
104,783
10,009,920
a,c
Jones
Lang
LaSalle,
Inc.
...........
Real
Estate
Management
&
Development
80,167
16,199,346
a
Knowles
Corp.
..................
Electronic
Equipment,
Instruments
&
Components
600,672
10,523,773
Lancaster
Colony
Corp.
............
Food
Products
47,843
8,874,877
LCI
Industries
...................
Automobile
Components
67,839
7,454,149
a
Leonardo
DRS,
Inc.
..............
Aerospace
&
Defense
454,268
10,698,011
c
Levi
Strauss
&
Co.
,
A
.............
Textiles,
Apparel
&
Luxury
Goods
333,147
7,998,859
a
Lindblad
Expeditions
Holdings,
Inc.
...
Hotels,
Restaurants
&
Leisure
680,433
5,266,551
Lithia
Motors,
Inc.
,
A
..............
Specialty
Retail
19,963
5,053,434
ManpowerGroup,
Inc.
.............
Professional
Services
119,814
8,940,521
c
MGP
Ingredients,
Inc.
.............
Beverages
137,900
10,703,798
a
Middleby
Corp.
(The)
.............
Machinery
45,537
5,870,175
Miller
Industries,
Inc.
..............
Machinery
194,869
11,848,035
a
NCR
Atleos
Corp.
................
Financial
Services
254,946
7,095,147
a,c
NCR
Voyix
Corp.
.................
Software
509,893
6,720,390
Patrick
Industries,
Inc.
.............
Automobile
Components
84,601
9,695,275
Sealed
Air
Corp.
.................
Containers
&
Packaging
243,467
9,463,562
a
Skechers
USA,
Inc.
,
A
.............
Textiles,
Apparel
&
Luxury
Goods
80,592
5,755,881
a
Sonos,
Inc.
.....................
Household
Durables
579,824
9,161,219
a
Texas
Capital
Bancshares,
Inc.
......
Banks
176,282
10,626,279
TriMas
Corp.
....................
Containers
&
Packaging
565,191
15,045,384
TrustCo
Bank
Corp.
..............
Banks
441,870
12,283,986
Voya
Financial,
Inc.
...............
Financial
Services
106,845
8,100,988
Winnebago
Industries,
Inc.
.........
Automobiles
66,549
4,129,365
371,639,687
Total
Common
Stocks
(Cost
$
576,848,844
)
.....................................
854,903,348
Units
a
a
a
a
a
Limited
Partnerships
1.5%
United
States
1.5%
AllianceBernstein
Holding
LP
.......
Capital
Markets
404,165
13,559,736
Total
Limited
Partnerships
(Cost
$
5,247,111
)
....................................
13,559,736
Total
Long
Term
Investments
(Cost
$
582,095,955
)
...............................
868,463,084
Templeton
Global
Smaller
Companies
Fund
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
5
See
Abbreviations
on
page
8
.
Short
Term
Investments
4.7%
a
a
Industry
Principal
Amount
*
a
Value
a
a
a
a
a
a
U.S.
Government
and
Agency
Securities
4.6%
United
States
4.6%
d
FHLB
,
6/03/24
..................
41,700,000
$
41,681,895
Total
U.S.
Government
and
Agency
Securities
(Cost
$
41,687,930
)
.................
41,681,895
Shares
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
0.1%
Money
Market
Funds
0.1%
e,f
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio
,
5.006
%
.........
1,236,900
1,236,900
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$
1,236,900
)
.................................................................
1,236,900
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$
42,924,830
)
................................
42,918,795
a
a
a
Total
Investments
(Cost
$
625,020,785
)
100.0
%
..................................
$911,381,879
Other
Assets,
less
Liabilities
0.0
%
†
............................................
345,950
Net
Assets
100.0%
...........................................................
$911,727,829
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
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
May
31,
2024,
the
aggregate
value
of
these
securities
was
$58,182,828,
representing
6.4%
of
net
assets.
c
A
portion
or
all
of
the
security
is
on
loan
at
May
31,
2024.
d
The
security
was
issued
on
a
discount
basis
with
no
stated
coupon
rate.
e
See
Note
3
regarding
investments
in
affiliated
management
investment
companies.
f
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Templeton
Global
Smaller
Companies
Fund
Notes
to
Schedule
of
Investments
(unaudited)
6
Quarterly
Schedule
of
Investments
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.
The
Fund
follows
the
accounting
and
reporting
guidance
in
Financial
Accounting
Standards
Board
(FASB)
Accounting
Standards
Codification
Topic
946,
Financial
Services
–
Investment
Companies
(ASC
946)
and
applies
the
specialized
accounting
and
reporting
guidance
in
U.S.
Generally
Accepted
Accounting
Principles
(U.S.
GAAP),
including,
but
not
limited
to,
ASC
946.
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
Board
has
designated
the
Fund's
investment
manager
as
the
valuation
designee
and
has
responsibility
for
oversight
of
valuation.
The
investment
manager
is
assisted
by
the
Fund's administrator
in
performing
this responsibility,
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
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,
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
Templeton
Global
Smaller
Companies
Fund
Notes
to
Schedule
of
Investments
(unaudited)
7
Quarterly
Schedule
of
Investments
order
to
minimize
the
potential
for
these
differences,
an
independent
pricing
service
may
be
used
to
adjust
the
value
of
the
Fund's
portfolio
securities
to
the
latest
indications
of
fair
value
at 4
p.m.
Eastern
time.
At
May
31,
2024,
certain
securities
may
have
been
fair
valued
using
these
procedures,
in
which
case
the
securities
were
categorized
as
Level
2
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.
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
May
31,
2024,
the
Fund
held
investments
in
affiliated
management
investment
companies
as
follows:
4. 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
May
31,
2024,
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
,
5.006
%
$—
$103,743,804
$(102,506,904)
$—
$—
$1,236,900
1,236,900
$111,358
Total
Affiliated
Securities
...
$—
$103,743,804
$(102,506,904)
$—
$—
$1,236,900
$111,358
2. Financial
Instrument
Valuation
(continued)
Templeton
Global
Smaller
Companies
Fund
Notes
to
Schedule
of
Investments
(unaudited)
8
Quarterly
Schedule
of
Investments
Abbreviations
Level
1
Level
2
Level
3
Total
Templeton
Global
Smaller
Companies
Fund
Assets:
Investments
in
Securities:
Common
Stocks
:
Bahamas
.............................
$
18,416,782
$
—
$
—
$
18,416,782
Belgium
..............................
—
8,160,354
—
8,160,354
Brazil
................................
8,807,881
—
—
8,807,881
Canada
..............................
15,147,603
—
—
15,147,603
China
...............................
—
12,182,780
—
12,182,780
Finland
..............................
11,619,795
—
—
11,619,795
France
...............................
—
6,460,945
—
6,460,945
Germany
.............................
—
36,653,434
—
36,653,434
Hong
Kong
...........................
—
19,392,768
—
19,392,768
Hungary
.............................
6,652,478
—
—
6,652,478
India
................................
—
21,473,787
—
21,473,787
Israel
................................
—
2,069,665
—
2,069,665
Italy
.................................
—
62,097,792
—
62,097,792
Japan
...............................
15,492,068
52,681,760
—
68,173,828
Mexico
..............................
4,238,273
—
—
4,238,273
Netherlands
...........................
—
13,650,247
—
13,650,247
New
Zealand
..........................
—
3,185,124
—
3,185,124
South
Korea
..........................
—
14,606,661
—
14,606,661
Sweden
..............................
—
21,561,819
—
21,561,819
Switzerland
...........................
12,090,409
38,467,061
—
50,557,470
Taiwan
...............................
—
24,547,624
—
24,547,624
Thailand
.............................
2,313,814
—
—
2,313,814
United
Kingdom
........................
17,867,389
33,425,348
—
51,292,737
United
States
..........................
371,639,687
—
—
371,639,687
Limited
Partnerships
......................
13,559,736
—
—
13,559,736
Short
Term
Investments
...................
$
1,236,900
$
41,681,895
—
$
42,918,795
Total
Investments
in
Securities
...........
$499,082,815
$412,299,064
a
$—
$911,381,879
a
Includes
foreign
securities
valued
at
$370,617,169,
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
FHLB
Federal
Home
Loan
Banks
NVDR
Non-Voting
Depository
Receipt
4. 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.