SOURCE: Franklin Templeton

Franklin Templeton

April 30, 2010 19:43 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - April 30, 2010) -  Franklin Templeton Limited Duration Income Trust (NYSE Amex: FTF), a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE Amex closing price as of March 31, 2010. 

Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $586 billion in assets under management as of March 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at March 31, 2010    
      MARKET   PERCENTAGE  
SECTOR ALLOCATION     VALUE (Millions)   OF FUND1  
             
High Yield Corporate Bonds & Preferred     193.7   36.5 %
Floating Rate Loans     181.2   34.1 %
Mortgage-Backed Securities     95.0   17.9 %
Other Asset-Backed Securities2     43.2   8.1 %
International Government Bonds (US$ and non-US$)     10.3   1.9 %
Investment Grade Corporate Bonds & Preferred     0.0   0.0 %
Common Stock and Warrants     1.2   0.2 %
Cash & Other Net Assets     6.0   1.1 %
             
Total Assets3     $530.7   100.0 %
   
      MARKET   PERCENTAGE  
TOP 10 INDUSTRIES4     VALUE (Millions)   OF FUND1  
             
Healthcare Services     39.8   7.5 %
Energy     34.2   6.5 %
Chemicals     25.6   4.8 %
Industrials     25.3   4.8 %
Media     23.2   4.4 %
Gaming/Leisure     22.9   4.3 %
Consumer Products     22.2   4.2 %
Info/Technology     20.7   3.9 %
Utilities     17.7   3.3 %
Broadcasting     16.4   3.1 %
             
Total 3     $248.1   46.8 %
             
      MARKET   PERCENTAGE  
10 LARGEST HOLDINGS BY ISSUER     VALUE (Millions)   OF FUND1  
             
Fannie Mae     46.7   8.8 %
Freddie Mac     39.9   7.5 %
LB-UBS Commercial Mortgage     11.3   2.1 %
Govt National Mtg Assn.     8.4   1.6 %
MBNA Master Credit Card Trust     7.0   1.3 %
Intelsat Corp.     6.8   1.3 %
HCA Inc.     6.6   1.2 %
Harrahs Operating Co Inc.     6.3   1.2 %
Sungard Data Systems Inc.     6.0   1.1 %
RBS Global & Rexnord Corp.     5.9   1.1 %
             
Total 3     $144.9   27.3 %
             
             
             
Number of positions       371    
NAV per share       $ 13.47    
Market price per share       $ 13.39    
Number of shares outstanding       26,773,772    
Total net assets       $ 354,391,611    
             
Weighted average duration (including leverage)5 3 years          
Fund leverage percentage6 32%          
             
1 Percentage of total investments of the Fund. Total investments of the Fund include long-term and short-term investments and other net assets. Does not include last day portfolio and shareholder trades.   
2 May include collateralized loan obligations ("CLOs").   
3 Total figures may not represent exact sum of items as a result of rounding.  
4 Top 10 industries for corporate bonds and floating rate loans.  
5 Duration calculated using internal methodologies. Rounded to the nearest year.  
6 Preferred shares issued by the Fund and mortgage dollar rolls used for leverage divided by total assets of the Fund.   

Contact Information

  • Contact:
    Franklin Templeton Investments
    Shareholders/Financial Advisors: (800) 342-5236