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Form NPORT-P TEMPLETON GLOBAL SMALLER For: May 31

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StreetInsider.com Top Tickers, 4/16/2024

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7. BAC
8. MS
9. TSLA
10. DJT


July 23, 2021 2:57 PM EDT 

  
    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
      2021-08-31
      2021-05-31
      N
    
    
      1422096995.55
      39991754.76
      1382105240.79
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      12290000.00000000
      0.00000000
      0.00000000
      51989238.49000000
      
        
        
        
        
        
        
        
        
        
      
      N
      
        
          
          
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        BNK Financial Group, Inc.
        N/A
        BNK Financial Group, Inc.
        N/A
        
          
          
        
        1415028.00000000
        NS
        
        10091369.34000000
        0.730144785083
        Long
        EC
        CORP
        KR
        N
        
        2
        
          N
          N
          N
        
      
      
        Sabre Corp.
        529900VKCYZW8GZ4WW58
        Sabre Corp.
        78573M104
        
          
          
        
        1104100.00000000
        NS
        USD
        15291785.00000000
        1.106412489345
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Sonos, Inc.
        549300WEPU6075I77M08
        Sonos, Inc.
        83570H108
        
          
          
        
        578600.00000000
        NS
        USD
        21408200.00000000
        1.548955851420
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Flow Traders
        549300Z7LIC6NFIJL947
        Flow Traders
        N/A
        
          
          
        
        222759.00000000
        NS
        
        9744569.02000000
        0.705052606155
        Long
        EC
        CORP
        NL
        N
        
        1
        
          N
          N
          N
        
      
      
        Nien Made Enterprise Co. Ltd.
        N/A
        Nien Made Enterprise Co. Ltd.
        N/A
        
          
          
        
        764000.00000000
        NS
        
        11256798.24000000
        0.814467517217
        Long
        EC
        CORP
        TW
        N
        
        1
        
          N
          N
          N
        
      
      
        Landis+Gyr Group AG
        529900PZYVAKCYSLFL19
        Landis+Gyr Group AG
        N/A
        
          
          
        
        120862.00000000
        NS
        
        8813959.94000000
        0.637719884121
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Huntington Bancshares, Inc.
        549300XTVCVV9I7B5T19
        Huntington Bancshares, Inc.
        446150104
        
          
          
        
        1466399.00000000
        NS
        USD
        23257088.14000000
        1.682729176738
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        en-japan, Inc.
        N/A
        en-japan, Inc.
        N/A
        
          
          
        
        201800.00000000
        NS
        
        6889285.17000000
        0.498463139179
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Canadian Western Bank
        549300QG7XFGLKN6HL17
        Canadian Western Bank
        13677F101
        
          
          
        
        422186.00000000
        NS
        
        12789279.59000000
        0.925347738547
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Grand City Properties SA
        5299002QLUYKK2WBMB18
        Grand City Properties SA
        N/A
        
          
          
        
        382817.00000000
        NS
        
        10937746.72000000
        0.791383058047
        Long
        EC
        CORP
        LU
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Integer Holdings Corp.
        549300SUD2ED5XG6X569
        Integer Holdings Corp.
        45826H109
        
          
          
        
        143200.00000000
        NS
        USD
        12955304.00000000
        0.937360167493
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Brunello Cucinelli SpA
        5493003CX2RZ0FOBH256
        Brunello Cucinelli SpA
        N/A
        
          
          
        
        243755.00000000
        NS
        
        14553224.46000000
        1.052975130293
        Long
        EC
        CORP
        IT
        N
        
        2
        
          N
          N
          
        
      
      
        Cloetta AB
        549300CSLHPO6Y1AZN37
        Cloetta AB, Class B
        N/A
        
          
          
        
        1638654.00000000
        NS
        
        5322333.83000000
        0.385088897207
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        Winnebago Industries, Inc.
        549300B7OYKYJLTE3G11
        Winnebago Industries, Inc.
        974637100
        
          
          
        
        147910.00000000
        NS
        USD
        10939423.60000000
        0.791504386000
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PRA Health Sciences, Inc.
        549300R1HR1VWWHIAK47
        PRA Health Sciences, Inc.
        69354M108
        
          
          
        
        128500.00000000
        NS
        USD
        21963220.00000000
        1.589113430135
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        M Dias Branco SA
        N/A
        M Dias Branco SA
        N/A
        
          
          
        
        794100.00000000
        NS
        
        4310711.07000000
        0.311894560759
        Long
        EC
        CORP
        BR
        N
        
        1
        
          N
          N
          N
        
      
      
        Oxford Instruments plc
        213800J364EZD6UCE231
        Oxford Instruments plc
        N/A
        
          
          
        
        258403.00000000
        NS
        
        7564129.67000000
        0.547290426717
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        Freshpet, Inc.
        549300S4ZK8ZQ6HNPN59
        Freshpet, Inc.
        358039105
        
          
          
        
        147400.00000000
        NS
        USD
        26063268.00000000
        1.885765803557
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FHLB
        2549001DPIFGXC1TOL40
        FHLB
        313385GH3
        
          
          
        
        11300000.00000000
        PA
        USD
        11300000.00000000
        0.817593311023
        Long
        STIV
        USGA
        US
        N
        
        2
        
          2021-06-01
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Interpump Group SpA
        815600C79D0F31F4D395
        Interpump Group SpA
        N/A
        
          
          
        
        477106.00000000
        NS
        
        26786219.35000000
        1.938073784792
        Long
        EC
        CORP
        IT
        N
        
        2
        
          N
          N
          N
        
      
      
        NCR Corp.
        549300YKTY8JX1DV2R67
        NCR Corp.
        62886E108
        
          
          
        
        508700.00000000
        NS
        USD
        24519340.00000000
        1.774057378292
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Acadia Healthcare Co., Inc.
        5493005CW985Y9D0NC11
        Acadia Healthcare Co., Inc.
        00404A109
        
          
          
        
        160000.00000000
        NS
        USD
        10297600.00000000
        0.745066272530
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Canada Goose Holdings, Inc.
        529900891XBE6RV8JR07
        Canada Goose Holdings, Inc.
        135086106
        
          
          
        
        209400.00000000
        NS
        
        8456071.84000000
        0.611825466718
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Man Group plc
        2549003YWC1DW6LALB09
        Man Group plc
        N/A
        
          
          
        
        6323155.00000000
        NS
        
        16010749.06000000
        1.158431976630
        Long
        EC
        CORP
        JE
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Merida Industry Co. Ltd.
        N/A
        Merida Industry Co. Ltd.
        N/A
        
          
          
        
        1652000.00000000
        NS
        
        19143797.81000000
        1.385118675843
        Long
        EC
        CORP
        TW
        N
        
        2
        
          N
          N
          N
        
      
      
        Catcher Technology Co. Ltd.
        5299006PRSCU66N5JF55
        Catcher Technology Co. Ltd.
        N/A
        
          
          
        
        1089000.00000000
        NS
        
        7182649.36000000
        0.519689032934
        Long
        EC
        CORP
        TW
        N
        
        2
        
          N
          N
          N
        
      
      
        Tripod Technology Corp.
        N/A
        Tripod Technology Corp.
        N/A
        
          
          
        
        3011000.00000000
        NS
        
        13741073.17000000
        0.994213230979
        Long
        EC
        CORP
        TW
        N
        
        2
        
          N
          N
          N
        
      
      
        Middleby Corp. (The)
        JDFO86U9VQRBKW5KYA35
        Middleby Corp. (The)
        596278101
        
          
          
        
        47600.00000000
        NS
        USD
        7819728.00000000
        0.565783832462
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Brembo SpA
        549300BLWVJN2BAT0A44
        Brembo SpA
        N/A
        
          
          
        
        436393.00000000
        NS
        
        5673085.47000000
        0.410466967534
        Long
        EC
        CORP
        IT
        N
        
        2
        
          N
          N
          N
        
      
      
        TrustCo Bank Corp.
        N/A
        TrustCo Bank Corp.
        898349204
        
          
          
        
        428440.00000000
        NS
        USD
        16764857.20000000
        1.212994257254
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        North West Co., Inc. (The)
        254900VT1HQAZR3IVM76
        North West Co., Inc. (The)
        663278208
        
          
          
        
        198400.00000000
        NS
        
        5962509.52000000
        0.431407778802
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        Logitech International SA
        549300SN6PRK6IJJC215
        Logitech International SA
        N/A
        
          
          
        
        149770.00000000
        NS
        USD
        18436687.00000000
        1.333956811383
        Long
        EC
        CORP
        CH
        N
        
        1
        
          N
          N
          
        
      
      
        Jones Lang LaSalle, Inc.
        6SYKCME112RT8TQUO411
        Jones Lang LaSalle, Inc.
        48020Q107
        
          
          
        
        86500.00000000
        NS
        USD
        17494625.00000000
        1.265795431757
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Fagron
        549300TRKRUFK2RRG779
        Fagron
        N/A
        
          
          
        
        377115.00000000
        NS
        
        8560568.88000000
        0.619386181844
        Long
        EC
        CORP
        BE
        N
        
        2
        
          N
          N
          N
        
      
      
        Chicony Electronics Co. Ltd.
        254900JBP5GB5B1IHS51
        Chicony Electronics Co. Ltd.
        N/A
        
          
          
        
        5455432.00000000
        NS
        
        15232347.13000000
        1.102111957935
        Long
        EC
        CORP
        TW
        N
        
        2
        
          N
          N
          N
        
      
      
        Tsumura & Co.
        N/A
        Tsumura & Co.
        N/A
        
          
          
        
        644700.00000000
        NS
        
        20851902.20000000
        1.508705819542
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Matas A/S
        2138004PXX8LWGHGL872
        Matas A/S
        N/A
        
          
          
        
        414264.00000000
        NS
        
        7994147.94000000
        0.578403706466
        Long
        EC
        CORP
        DK
        N
        
        2
        
          N
          N
          N
        
      
      
        Jenoptik AG
        529900P34GDHGXK6VB37
        Jenoptik AG
        N/A
        
          
          
        
        368495.00000000
        NS
        
        10933742.28000000
        0.791093323237
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Thule Group AB
        549300XHHOGBOERKU333
        Thule Group AB
        N/A
        
          
          
        
        514626.00000000
        NS
        
        24111339.93000000
        1.744537189962
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        OneSpaWorld Holdings Ltd.
        5493007W8PZ8W6UC2X76
        OneSpaWorld Holdings Ltd.
        N/A
        
          
          
        
        314014.00000000
        NS
        USD
        1033106.06000000
        0.074748726038
        Long
        
        CORP
        BS
        N
        
        1
        
          N
          N
          N
        
      
      
        Columbia Sportswear Co.
        549300OTMCIEUXAH5Z60
        Columbia Sportswear Co.
        198516106
        
          
          
        
        223250.00000000
        NS
        USD
        22934472.50000000
        1.659386841402
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Levi Strauss & Co.
        MB0UERO0RDFKU8258G77
        Levi Strauss & Co., Class A
        52736R102
        
          
          
        
        868100.00000000
        NS
        USD
        23230356.00000000
        1.680795015777
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Barco NV
        549300N17QCD827TII61
        Barco NV
        N/A
        
          
          
        
        471324.00000000
        NS
        
        12907810.26000000
        0.933923834383
        Long
        EC
        CORP
        BE
        N
        
        2
        
          N
          N
          N
        
      
      
        Huhtamaki OYJ
        5493007050SJVMXN6L29
        Huhtamaki OYJ
        N/A
        
          
          
        
        411460.00000000
        NS
        
        19394125.05000000
        1.403230700356
        Long
        EC
        CORP
        FI
        N
        
        2
        
          N
          N
          N
        
      
      
        LivaNova plc
        2138001K2FX6SHK2B339
        LivaNova plc
        N/A
        
          
          
        
        153400.00000000
        NS
        USD
        12815036.00000000
        0.927211302134
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Camil Alimentos SA
        N/A
        Camil Alimentos SA
        N/A
        
          
          
        
        4891600.00000000
        NS
        
        9289095.20000000
        0.672097531059
        Long
        EC
        CORP
        BR
        N
        
        1
        
          N
          N
          N
        
      
      
        Zojirushi Corp.
        N/A
        Zojirushi Corp.
        N/A
        
          
          
        
        308800.00000000
        NS
        
        4747043.11000000
        0.343464663174
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Asics Corp.
        3538002LJMRZ83SU0B85
        Asics Corp.
        N/A
        
          
          
        
        932400.00000000
        NS
        
        22264359.50000000
        1.610901893930
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Giant Manufacturing Co. Ltd.
        549300M7TYVF50B2GY12
        Giant Manufacturing Co. Ltd.
        N/A
        
          
          
        
        1590311.00000000
        NS
        
        19147214.01000000
        1.385365849496
        Long
        EC
        CORP
        TW
        N
        
        2
        
          N
          N
          N
        
      
      
        iShares Russell 1000 ETF
        549300R9T7XRZ4D3YF43
        iShares Russell 1000 ETF
        464287622
        
          
          
        
        52014.00000000
        NS
        USD
        12320036.04000000
        0.891396376802
        Long
        
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Greggs plc
        213800I71QMUFJ64IW20
        Greggs plc
        N/A
        
          
          
        
        336674.00000000
        NS
        
        11909396.47000000
        0.861685211698
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        AllianceBernstein Holding LP
        N/A
        AllianceBernstein Holding LP
        01881G106
        
          
          
        
        589565.00000000
        NS
        USD
        26548111.95000000
        1.920845907134
        Long
        
        
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Deluxe Corp.
        KWGNKB8TX9LE5TV29231
        Deluxe Corp.
        248019101
        
          
          
        
        267800.00000000
        NS
        USD
        12200968.00000000
        0.882781400425
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Siegfried Holding AG
        506700J9QD6IF3937W06
        Siegfried Holding AG
        N/A
        
          
          
        
        20321.00000000
        NS
        
        18202851.04000000
        1.317037986889
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        MGP Ingredients, Inc.
        2549006OMHFVZ4MS8538
        MGP Ingredients, Inc.
        55303J106
        
          
          
        
        340000.00000000
        NS
        USD
        23694600.00000000
        1.714384643130
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Patrick Industries, Inc.
        549300FZ5ZTCCJ3Z5W14
        Patrick Industries, Inc.
        703343103
        
          
          
        
        110235.00000000
        NS
        USD
        9447139.50000000
        0.683532571991
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Arcadis NV
        7245000UZH70GO047N03
        Arcadis NV
        N/A
        
          
          
        
        256076.00000000
        NS
        
        11156357.00000000
        0.807200252972
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        Figs, Inc.
        N/A
        Figs, Inc., Class A
        30260D103
        
          
          
        
        22200.00000000
        NS
        USD
        758130.00000000
        0.054853275830
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        VTech Holdings Ltd.
        N/A
        VTech Holdings Ltd.
        N/A
        
          
          
        
        775800.00000000
        NS
        
        8015590.86000000
        0.579955174427
        Long
        EC
        CORP
        BM
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Janus Henderson Group plc
        2138009WPYMWJN3RVF44
        Janus Henderson Group plc
        N/A
        
          
          
        
        355733.00000000
        NS
        USD
        13699277.83000000
        0.991189196429
        Long
        EC
        CORP
        JE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Idec Corp.
        N/A
        Idec Corp.
        N/A
        
          
          
        
        335200.00000000
        NS
        
        6313426.67000000
        0.456797824338
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Lear Corp.
        549300UPNBTXA1SYTQ33
        Lear Corp.
        521865204
        
          
          
        
        76400.00000000
        NS
        USD
        14772704.00000000
        1.068855219126
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Aalberts NV
        549300EMP9DT6Q35HZ31
        Aalberts NV
        N/A
        
          
          
        
        131482.00000000
        NS
        
        7482855.62000000
        0.541409973651
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        King Yuan Electronics Co. Ltd.
        N/A
        King Yuan Electronics Co. Ltd.
        N/A
        
          
          
        
        11061000.00000000
        NS
        
        17025095.49000000
        1.231823379836
        Long
        EC
        CORP
        TW
        N
        
        2
        
          N
          N
          N
        
      
      
        Meitec Corp.
        N/A
        Meitec Corp.
        N/A
        
          
          
        
        165300.00000000
        NS
        
        9084603.29000000
        0.657301848071
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        DGB Financial Group, Inc.
        N/A
        DGB Financial Group, Inc.
        N/A
        
          
          
        
        1178608.00000000
        NS
        
        9987336.40000000
        0.722617649166
        Long
        EC
        CORP
        KR
        N
        
        2
        
          N
          N
          N
        
      
      
        Nihon Parkerizing Co. Ltd.
        N/A
        Nihon Parkerizing Co. Ltd.
        N/A
        
          
          
        
        529300.00000000
        NS
        
        5372800.24000000
        0.388740313069
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Avnet, Inc.
        XJI53DCPL7QABOWK4Z75
        Avnet, Inc.
        053807103
        
          
          
        
        161800.00000000
        NS
        USD
        7128908.00000000
        0.515800663336
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Ferro Corp.
        1YTO5R7OHOPE81ZNYD08
        Ferro Corp.
        315405100
        
          
          
        
        1109840.00000000
        NS
        USD
        23972544.00000000
        1.734494833859
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Rational AG
        529900K139N6UFJ1A758
        Rational AG
        N/A
        
          
          
        
        16473.00000000
        NS
        
        14973391.20000000
        1.083375618447
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          
        
      
      
        ManpowerGroup, Inc.
        ERO1WSFOSR0JJ6CRQ987
        ManpowerGroup, Inc.
        56418H100
        
          
          
        
        92100.00000000
        NS
        USD
        11143179.00000000
        0.806246779994
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Techtronic Industries Co. Ltd.
        549300HZW2SBE758OK89
        Techtronic Industries Co. Ltd.
        N/A
        
          
          
        
        1150790.00000000
        NS
        
        21662494.75000000
        1.567354938732
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        Knowles Corp.
        5493003EO323TDZQU148
        Knowles Corp.
        49926D109
        
          
          
        
        896610.00000000
        NS
        USD
        18416369.40000000
        1.332486764139
        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
        
          
        
        24984099.65000000
        NS
        USD
        24984099.65000000
        1.807684314670
        Long
        STIV
        RF
        US
        N
        
        1
        
          
          N
          N
        
      
      
        Gerresheimer AG
        5299006GD4UWSYZOKC28
        Gerresheimer AG
        N/A
        
          
          
        
        63770.00000000
        NS
        
        7048133.88000000
        0.509956381901
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        Texas Capital Bancshares, Inc.
        549300466Q2SXRX0YM48
        Texas Capital Bancshares, Inc.
        88224Q107
        
          
          
        
        153070.00000000
        NS
        USD
        10543461.60000000
        0.762855192848
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Dometic Group AB
        549300STIPMK5VSA7Y59
        Dometic Group AB
        N/A
        
          
          
        
        1608315.00000000
        NS
        
        27635486.64000000
        1.999521152542
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        TriMas Corp.
        75G1WUQ8QK4P5MZOYD78
        TriMas Corp.
        896215209
        
          
          
        
        646250.00000000
        NS
        USD
        20951425.00000000
        1.515906631540
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BillerudKorsnas AB
        549300YJUYJ9A24RXL71
        BillerudKorsnas AB
        N/A
        
          
          
        
        315734.00000000
        NS
        
        6245966.09000000
        0.451916822660
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        US Ecology, Inc.
        N/A
        US Ecology, Inc.
        91734M103
        
          
          
        
        152500.00000000
        NS
        USD
        6043575.00000000
        0.437273141120
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Aspirational Consumer Lifestyle Corp.
        N/A
        Aspirational Consumer Lifestyle Corp.
        N/A
        
          
        
        1229000.00000000
        NS
        USD
        12290000.00000000
        0.889223167475
        Long
        EC
        CORP
        KY
        
        Y
        
        3
        
          N
          N
          N
        
      
      
        Sealed Air Corp.
        Q0M0CZB4YN6JZ65WXI09
        Sealed Air Corp.
        81211K100
        
          
          
        
        260500.00000000
        NS
        USD
        14812030.00000000
        1.071700588555
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alpargatas SA
        N/A
        Alpargatas SA
        N/A
        
          
          
        
        759387.00000000
        NS
        
        6850549.67000000
        0.495660494426
        Long
        EP
        CORP
        BR
        N
        
        1
        
          N
          N
          N
        
      
      
        Bunka Shutter Co. Ltd.
        3538006KDHDR2E6VDJ47
        Bunka Shutter Co. Ltd.
        N/A
        
          
          
        
        685600.00000000
        NS
        
        6803256.68000000
        0.492238686260
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        IDOM, Inc.
        N/A
        IDOM, Inc.
        N/A
        
          
          
        
        1813600.00000000
        NS
        
        10333219.14000000
        0.747643438070
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        Solutions 30 SE
        2221003G8BRH3CPABK72
        Solutions 30 SE
        N/A
        
          
          
        
        712196.00000000
        NS
        
        4931997.05000000
        0.356846707793
        Long
        EC
        CORP
        LU
        
        N
        
        1
        
          N
          N
          
        
      
      
        Voya Financial, Inc.
        549300T065Z4KJ686G75
        Voya Financial, Inc.
        929089100
        
          
          
        
        175800.00000000
        NS
        USD
        11518416.00000000
        0.833396449131
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Crown Holdings, Inc.
        NYLWZIOY8PUNIT4JOE22
        Crown Holdings, Inc.
        228368106
        
          
          
        
        230800.00000000
        NS
        USD
        23827792.00000000
        1.724021535898
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Alamo Group, Inc.
        54930080C93RVZRSDV26
        Alamo Group, Inc.
        011311107
        
          
          
        
        162210.00000000
        NS
        USD
        25009537.80000000
        1.809524851067
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        OneSpaWorld Holdings Ltd.
        5493007W8PZ8W6UC2X76
        OneSpaWorld Holdings Ltd.
        N/A
        
          
          
        
        1478293.00000000
        NS
        USD
        16571664.53000000
        1.199016112588
        Long
        EC
        CORP
        BS
        N
        
        1
        
          N
          N
          N
        
      
      
        Richter Gedeon Nyrt.
        549300J6ZJW5IH4WEE46
        Richter Gedeon Nyrt.
        N/A
        
          
          
        
        241215.00000000
        NS
        
        6732408.48000000
        0.487112578789
        Long
        EC
        CORP
        HU
        N
        
        2
        
          N
          N
          N
        
      
      
        Johnson Electric Holdings Ltd.
        529900EDYRQ6K25JEC80
        Johnson Electric Holdings Ltd.
        N/A
        
          
          
        
        4398432.00000000
        NS
        
        11713514.87000000
        0.847512513830
        Long
        EC
        CORP
        BM
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Sakari Resources Ltd.
        254900TUHZ8DLU2Y6T53
        Sakari Resources Ltd.
        N/A
        
          
        
        1342000.00000000
        NS
        
        823581.78000000
        0.059588934018
        Long
        EC
        CORP
        SG
        
        Y
        
        3
        
          N
          N
          N
        
      
      
        Bucher Industries AG
        52990014AQ91A29HPB27
        Bucher Industries AG
        N/A
        
          
          
        
        42624.00000000
        NS
        
        23316803.35000000
        1.687049774637
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        Technogym SpA
        815600B9149F66E77F76
        Technogym SpA
        N/A
        
          
          
        
        1872324.00000000
        NS
        
        23730963.55000000
        1.717015669257
        Long
        EC
        CORP
        IT
        N
        
        2
        
          N
          N
          N
        
      
      
        Skechers USA, Inc.
        529900D2R54KZPA4XR56
        Skechers USA, Inc., Class A
        830566105
        
          
          
        
        310500.00000000
        NS
        USD
        14748750.00000000
        1.067122066013
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        LCI Industries
        549300E1B98YNJ1WIQ04
        LCI Industries
        50189K103
        
          
          
        
        85380.00000000
        NS
        USD
        12725889.00000000
        0.920761214444
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TechnoPro Holdings, Inc.
        3538001DJ8I5PJQNHU53
        TechnoPro Holdings, Inc.
        N/A
        
          
          
        
        110900.00000000
        NS
        
        7999568.45000000
        0.578795898742
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        BrightView Holdings, Inc.
        549300F8QN8YHVI7L866
        BrightView Holdings, Inc.
        10948C107
        
          
          
        
        579900.00000000
        NS
        USD
        10061265.00000000
        0.727966634020
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Hillenbrand, Inc.
        U246OE781574J2BUD366
        Hillenbrand, Inc.
        431571108
        
          
          
        
        500410.00000000
        NS
        USD
        22818696.00000000
        1.651010019103
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
      
    
    
      2021-06-30
      Templeton Global Smaller Companies Fund
      Robert Kubilis
      Robert Kubilis
      Chief Financial Officer, Chief Accounting Officer and Treasurer
    
  
  XXXX
Not
FDIC
Insured
May
Lose
Value
No
Bank
Guarantee
103-Q3PH
1
Statement
of
Investments
(unaudited)
Templeton
Global
Smaller
Companies
Fund
2
Notes
to
Statement
of
Investments
7
Templeton
Global
Smaller
Companies
Fund
Statement
of
Investments
(unaudited),
May
31,
2021
Quarterly
Statement
of
Investments
See
Notes
to
Statement
of
Investments.
2
a
a
Industry
Shares
a
Value
a
Common
Stocks
92.8%
Bahamas
1.2%
a
OneSpaWorld
Holdings
Ltd.
........
Diversified
Consumer
Services
1,478,293
$
16,571,665
a
Belgium
1.6%
Barco
NV
......................
Electronic
Equipment,
Instruments
&
Components
471,324
13,152,040
Fagron
........................
Health
Care
Providers
&
Services
377,115
8,575,726
21,727,766
Brazil
1.0%
a
Camil
Alimentos
SA
...............
Food
Products
4,891,600
9,408,183
a
M
Dias
Branco
SA
................
Food
Products
794,100
4,451,264
13,859,447
Canada
2.0%
a
Canada
Goose
Holdings,
Inc.
.......
Textiles,
Apparel
&
Luxury
Goods
209,400
8,466,232
Canadian
Western
Bank
...........
Banks
422,186
12,804,647
North
West
Co.,
Inc.
(The)
..........
Food
&
Staples
Retailing
198,400
5,969,674
27,240,553
Denmark
0.5%
a
Matas
A/S
......................
Specialty
Retail
414,264
7,459,517
a
Finland
1.4%
Huhtamaki
OYJ
..................
Containers
&
Packaging
411,460
19,327,371
France
0.3%
a,b
Solutions
30
SE
.................
IT
Services
712,196
4,680,370
a
Germany
3.2%
Gerresheimer
AG
................
Life
Sciences
Tools
&
Services
63,770
7,056,447
Grand
City
Properties
SA
..........
Real
Estate
Management
&
Development
382,817
10,934,286
Jenoptik
AG
....................
Electronic
Equipment,
Instruments
&
Components
368,495
10,899,564
b
Rational
AG
....................
Machinery
16,473
14,809,269
43,699,566
Hong
Kong
2.9%
Johnson
Electric
Holdings
Ltd.
......
Auto
Components
4,398,432
11,438,437
Techtronic
Industries
Co.
Ltd.
.......
Machinery
1,150,790
21,194,615
VTech
Holdings
Ltd.
..............
Communications
Equipment
775,800
8,003,634
40,636,686
Hungary
0.5%
Richter
Gedeon
Nyrt
.
.............
Pharmaceuticals
241,215
6,871,089
Indonesia
0.1%
a,c,d
Sakari
Resources
Ltd.
.............
Oil,
Gas
&
Consumable
Fuels
1,342,000
824,330
a
Italy
5.2%
Brembo
SpA
....................
Auto
Components
436,393
5,786,301
a,b
Brunello
Cucinelli
SpA
.............
Textiles,
Apparel
&
Luxury
Goods
243,755
15,367,355
Interpump
Group
SpA
.............
Machinery
477,106
27,289,692
e
Technogym
SpA
,
144A,
Reg
S
......
Leisure
Products
1,872,324
23,725,968
72,169,316
Japan
7.2%
Asics
Corp.
.....................
Textiles,
Apparel
&
Luxury
Goods
932,400
22,359,534
Bunka
Shutter
Co.
Ltd.
............
Building
Products
685,600
6,794,483
en
-japan,
Inc.
...................
Professional
Services
201,800
7,076,578
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)
Idec
Corp.
......................
Electrical
Equipment
335,200
$
6,260,088
IDOM,
Inc.
.....................
Specialty
Retail
1,813,600
10,035,857
Meitec
Corp.
....................
Professional
Services
165,300
9,220,605
Nihon
Parkerizing
Co.
Ltd.
..........
Chemicals
529,300
5,276,353
TechnoPro
Holdings,
Inc.
..........
Professional
Services
110,900
7,963,650
Tsumura
&
Co.
..................
Pharmaceuticals
644,700
20,322,079
Zojirushi
Corp.
..................
Household
Durables
308,800
4,709,690
100,018,917
Netherlands
2.0%
Aalberts
NV
....................
Machinery
131,482
7,431,471
Arcadis
NV
.....................
Construction
&
Engineering
256,076
11,180,168
e
Flow
Traders,
144A,
Reg
S
.........
Capital
Markets
222,759
9,744,908
28,356,547
Singapore
0.9%
a,c,d,f,g
Aspirational
Consumer
Lifestyle
Corp.
.
Capital
Markets
1,229,000
12,290,000
a
South
Korea
1.5%
BNK
Financial
Group,
Inc.
..........
Banks
1,415,028
10,128,863
DGB
Financial
Group,
Inc.
..........
Banks
1,178,608
10,040,488
20,169,351
Sweden
4.6%
BillerudKorsnas
AB
...............
Containers
&
Packaging
315,734
6,245,191
Cloetta
AB,
B
...................
Food
Products
1,638,654
5,337,210
e
Dometic
Group
AB,
144A
..........
Auto
Components
1,608,315
27,790,217
e
Thule
Group
AB,
144A,
Reg
S
.......
Leisure
Products
514,626
24,191,874
63,564,492
Switzerland
5.0%
Bucher
Industries
AG
.............
Machinery
42,624
23,445,357
a
Landis+Gyr
Group
AG
.............
Electronic
Equipment,
Instruments
&
Components
120,862
8,878,417
b
Logitech
International
SA
..........
Technology
Hardware,
Storage
&
Peripherals
149,770
18,436,687
a
Siegfried
Holding
AG
..............
Life
Sciences
Tools
&
Services
20,321
18,451,761
69,212,222
Taiwan
7.5%
Catcher
Technology
Co.
Ltd.
........
Technology
Hardware,
Storage
&
Peripherals
1,089,000
7,258,410
Chicony
Electronics
Co.
Ltd.
........
Technology
Hardware,
Storage
&
Peripherals
5,455,432
15,382,512
Giant
Manufacturing
Co.
Ltd.
........
Leisure
Products
1,590,311
19,100,625
King
Yuan
Electronics
Co.
Ltd.
......
Semiconductors
&
Semiconductor
Equipment
11,061,000
17,308,654
Merida
Industry
Co.
Ltd.
...........
Leisure
Products
1,652,000
19,316,801
Nien
Made
Enterprise
Co.
Ltd.
......
Household
Durables
764,000
11,285,146
Tripod
Technology
Corp.
...........
Electronic
Equipment,
Instruments
&
Components
3,011,000
14,020,190
103,672,338
United
Kingdom
2.6%
a
Greggs
plc
.....................
Hotels,
Restaurants
&
Leisure
336,674
11,908,435
Man
Group
plc
..................
Capital
Markets
6,323,155
16,029,315
Oxford
Instruments
plc
............
Electronic
Equipment,
Instruments
&
Components
258,403
7,530,222
35,467,972
United
States
41.6%
a
Acadia
Healthcare
Co.,
Inc.
.........
Health
Care
Providers
&
Services
160,000
10,297,600
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)
Alamo
Group,
Inc.
................
Machinery
162,210
$
25,009,538
Avnet,
Inc.
.....................
Electronic
Equipment,
Instruments
&
Components
161,800
7,128,908
a
BrightView
Holdings,
Inc.
...........
Commercial
Services
&
Supplies
579,900
10,061,265
Columbia
Sportswear
Co.
..........
Textiles,
Apparel
&
Luxury
Goods
223,250
22,934,472
Crown
Holdings,
Inc.
..............
Containers
&
Packaging
230,800
23,827,792
Deluxe
Corp.
....................
Commercial
Services
&
Supplies
267,800
12,200,968
a
Ferro
Corp.
.....................
Chemicals
1,109,840
23,972,544
a
Figs,
Inc.,
A
.....................
Textiles,
Apparel
&
Luxury
Goods
22,200
758,130
a
Freshpet
,
Inc.
...................
Food
Products
147,400
26,063,268
Hillenbrand,
Inc.
.................
Machinery
500,410
22,818,696
Huntington
Bancshares,
Inc.
........
Banks
1,466,399
23,257,088
a
Integer
Holdings
Corp.
............
Health
Care
Equipment
&
Supplies
143,200
12,955,304
Janus
Henderson
Group
plc
........
Capital
Markets
355,733
13,699,278
a
Jones
Lang
LaSalle,
Inc.
...........
Real
Estate
Management
&
Development
86,500
17,494,625
a
Knowles
Corp.
..................
Electronic
Equipment,
Instruments
&
Components
896,610
18,416,369
LCI
Industries
...................
Auto
Components
85,380
12,725,889
Lear
Corp.
.....................
Auto
Components
76,400
14,772,704
Levi
Strauss
&
Co.,
A
.............
Textiles,
Apparel
&
Luxury
Goods
868,100
23,230,356
a
LivaNova
plc
....................
Health
Care
Equipment
&
Supplies
153,400
12,815,036
ManpowerGroup
,
Inc.
.............
Professional
Services
92,100
11,143,179
MGP
Ingredients,
Inc.
.............
Beverages
340,000
23,694,600
a
Middleby
Corp.
(The)
.............
Machinery
47,600
7,819,728
a
NCR
Corp.
.....................
Technology
Hardware,
Storage
&
Peripherals
508,700
24,519,340
Patrick
Industries,
Inc.
.............
Auto
Components
110,235
9,447,140
a
PRA
Health
Sciences,
Inc.
..........
Life
Sciences
Tools
&
Services
128,500
21,963,220
a
Sabre
Corp.
....................
IT
Services
1,104,100
15,291,785
Sealed
Air
Corp.
.................
Containers
&
Packaging
260,500
14,812,030
a
Skechers
USA,
Inc.,
A
.............
Textiles,
Apparel
&
Luxury
Goods
310,500
14,748,750
a
Sonos
,
Inc.
.....................
Household
Durables
578,600
21,408,200
a
Texas
Capital
Bancshares,
Inc.
......
Banks
153,070
10,543,462
a
TriMas
Corp.
....................
Machinery
646,250
20,951,425
TrustCo
Bank
Corp.
..............
Thrifts
&
Mortgage
Finance
428,440
16,764,857
a
US
Ecology,
Inc.
.................
Commercial
Services
&
Supplies
152,500
6,043,575
Voya
Financial,
Inc.
...............
Diversified
Financial
Services
175,800
11,518,416
Winnebago
Industries,
Inc.
.........
Automobiles
147,910
10,939,424
576,048,961
Total
Common
Stocks
(Cost
$764,455,159)
.....................................
1,283,868,476
Management
Investment
Companies
0.9%
United
States
0.9%
iShares
Russell
1000
ETF
..........
Capital
Markets
52,014
12,320,036
Total
Management
Investment
Companies
(Cost
$12,184,659)
....................
12,320,036
Preferred
Stocks
0.5%
Brazil
0.5%
a,h
Alpargatas
SA,
0.12%
.............
Textiles,
Apparel
&
Luxury
Goods
759,387
6,872,603
a
Total
Preferred
Stocks
(Cost
$2,101,134)
.......................................
6,872,603
Templeton
Global
Smaller
Companies
Fund
Statement
of
Investments
(unaudited)
See
Notes
to
Statement
of
Investments.
Quarterly
Statement
of
Investments
5
a
a
Industry
Warrants
a
Value
a
a
a
a
a
a
Warrants
0.1%
Bahamas
0.1%
a
OneSpaWorld
Holdings
Ltd.
,
3/19/24
..
Diversified
Consumer
Services
314,014
$
1,033,106
Total
Warrants
(Cost
$–)
......................................................
1,033,106
Units
Private
Limited
Partnership
Funds
1.9%
United
States
1.9%
AllianceBernstein
Holding
LP
.......
Capital
Markets
589,565
26,548,112
Total
Private
Limited
Partnership
Funds
(Cost
$7,715,864)
.......................
26,548,112
Total
Long
Term
Investments
(Cost
$786,456,816)
...............................
1,330,642,333
Short
Term
Investments
2.6%
a
a
Principal
Amount
*
a
Value
a
a
a
a
a
a
U.S.
Government
and
Agency
Securities
0.8%
United
States
0.8%
i
FHLB,
6/01/21
..................
11,300,000
11,300,000
Total
U.S.
Government
and
Agency
Securities
(Cost
$11,300,000)
.................
11,300,000
Industry
Shares
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
1.8%
Money
Market
Funds
1.8%
j,k
Institutional
Fiduciary
Trust
-
Money
Market
Portfolio,
0.01%
..........
24,984,100
24,984,100
Total
Investments
from
Cash
Collateral
Received
for
Loaned
Securities
(Cost
$24,984,100)
................................................................
24,984,100
a
a
a
a
a
Total
Short
Term
Investments
(Cost
$36,284,100
)
................................
36,284,100
a
a
a
a
Total
Investments
(Cost
$822,740,916)
98.8%
...................................
$1,366,926,433
Other
Assets,
less
Liabilities
1.2%
.............................................
16,167,790
Net
Assets
100.0%
...........................................................
$1,383,094,223
a
a
a
Templeton
Global
Smaller
Companies
Fund
Statement
of
Investments
(unaudited)
Quarterly
Statement
of
Investments
See
Notes
to
Statement
of
Investments.
6
See
Abbreviations
on
page
10
.
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
a
Non-income
producing.
b
A
portion
or
all
of
the
security
is
on
loan
at
May
31,
2021.
c
Fair
valued
using
significant
unobservable
inputs.
See
Note
8
regarding
fair
value
measurements.
d
See
Note
5
regarding
restricted
securities.
e
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,
2021,
the
aggregate
value
of
these
securities
was
$85,452,967,
representing
6.2%
of
net
assets.
f
See
Note
6
regarding
holdings
of
5%
voting
securities.
g
A
portion
or
all
of
the
security
purchased
on
a
delayed
delivery
basis.
h
Variable
rate
security.
The
rate
shown
represents
the
yield
at
period
end.
i
The
security
was
issued
on
a
discount
basis
with
no
stated
coupon
rate.
j
See
Note
7
regarding
investments
in
affiliated
management
investment
companies.
k
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
Templeton
Global
Smaller
Companies
Fund
7
Notes
to
Statement
of
Investments
(unaudited)
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)
8
portfolio
securities
to
the
latest
indications
of
fair
value
at 4
p.m.
Eastern
time.
At
May
31,
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
May
31,
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
1,229,000
Aspirational
Consumer
Lifestyle
Corp
.............
2/01/21
$
12,290,000
$
12,290,000
1,342,000
Sakari
Resources
Ltd
.........................
1/18/12-2/23/12
2,478,736
824,330
Total
Restricted
Securities
(Value
is
0.95%
of
Net
Assets)
.............
$14,768,736
$13,114,330
2. Financial
Instrument
Valuation
(continued)
Templeton
Global
Smaller
Companies
Fund
Notes
to
Statement
of
Investments
(unaudited)
9
6.
Holding
of
5%
Voting
Securities
of
Portfolio
Companies 
The
1940
Act
defines
"affiliated
companies"
to
include
investments
in
portfolio
companies
in
which
a
fund
owns
5%
or
more
of
the
outstanding
voting
securities.
During
the
period
ended
May
31,
2021,
investments
in
“affiliated
companies”
were
as
follows: 
7.
Investments
in
Affiliated
Management
Investment
Companies 
The
Fund
invests
in
one
or
more
affiliated
management
investment
companies
for
purposes
other
than
exercising
a
controlling
influence
over
the
management
or
policies.
During
the
period
ended
May
31,
2021,
the
Fund
held
investments
in
affiliated
management
investment
companies
as
follows: 
8. 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.
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares/Principal
Amount
Held
at
End
of
Period
Investment
Income
Templeton
Global
Smaller
Companies
Fund
Non-Controlled
Affiliates
Dividends
Aspirational
Consumer
Lifestyle
Corp
.....
$
—
$
12,290,000
$
—
$
—
$
—
$
12,290,000
1,229,000
$
—
Total
Affiliated
Securities
(Value
is
0.9%
of
Net
Assets)
..........
$—
$12,290,000
$—
$
—
$
—
$12,290,000
$—
    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%
.......
$13,747,178
$101,322,257
$(90,085,335)
$
—
$
—
$24,984,100
24,984,100
$477
Total
Affiliated
Securities
....
$13,747,178
$101,322,257
$(90,085,335)
$—
$—
$24,984,100
$477
Templeton
Global
Smaller
Companies
Fund
Notes
to
Statement
of
Investments
(unaudited)
10
A
summary
of
inputs
used
as
of
May
31,
2021,
in
valuing
the Fund's
assets
carried
at
fair
value,
is
as
follows:  
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.
9.
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
Assets:
Investments
in
Securities:
Common
Stocks
:
Bahamas
............................
$
16,571,665
$
—
$
—
$
16,571,665
Belgium
.............................
—
21,727,766
—
21,727,766
Brazil
...............................
13,859,447
—
—
13,859,447
Canada
.............................
27,240,553
—
—
27,240,553
Denmark
............................
—
7,459,517
—
7,459,517
Finland
..............................
—
19,327,371
—
19,327,371
France
..............................
4,680,370
—
—
4,680,370
Germany
............................
—
43,699,566
—
43,699,566
Hong
Kong
...........................
—
40,636,686
—
40,636,686
Hungary
.............................
—
6,871,089
—
6,871,089
Indonesia
............................
—
—
824,330
824,330
Italy
................................
—
72,169,316
—
72,169,316
Japan
...............................
—
100,018,917
—
100,018,917
Netherlands
..........................
9,744,908
18,611,639
—
28,356,547
Singapore
............................
—
—
12,290,000
12,290,000
South
Korea
..........................
—
20,169,351
—
20,169,351
Sweden
.............................
—
63,564,492
—
63,564,492
Switzerland
...........................
18,436,687
50,775,535
—
69,212,222
Taiwan
..............................
11,285,146
92,387,192
—
103,672,338
United
Kingdom
.......................
—
35,467,972
—
35,467,972
United
States
.........................
576,048,961
—
—
576,048,961
Management
Investment
Companies
.........
12,320,036
—
—
12,320,036
Preferred
Stocks
........................
6,872,603
—
—
6,872,603
Warrants
..............................
1,033,106
—
—
1,033,106
Private
Limited
Partnership
Funds
............
26,548,112
—
—
26,548,112
Short
Term
Investments
...................
24,984,100
11,300,000
—
36,284,100
Total
Investments
in
Securities
...........
$749,625,694
$604,186,409
a
$13,114,330
$1,366,926,433
a
Includes
foreign
securities
valued
at
$592,886,409,
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
FHLB
Federal
Home
Loan
Banks
8. 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. 

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