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SOURCE: Franklin Templeton
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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 $586 billion in assets under management as of March 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.
| FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at March 31, 2010 |
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|
|
MARKET |
|
PERCENTAGE |
|
| SECTOR ALLOCATION |
|
|
VALUE (Millions) |
|
OF FUND1 |
|
| |
|
|
|
|
|
|
| High Yield Corporate Bonds & Preferred |
|
|
193.7 |
|
36.5 |
% |
| Floating Rate Loans |
|
|
181.2 |
|
34.1 |
% |
| Mortgage-Backed Securities |
|
|
95.0 |
|
17.9 |
% |
| Other Asset-Backed Securities2 |
|
|
43.2 |
|
8.1 |
% |
| International Government Bonds (US$ 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% |
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|
|
|
|
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|
|
|
|
|
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| 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. |
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| 2 May include collateralized loan obligations ("CLOs"). |
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| 3 Total figures may not represent exact sum of items as a result of rounding. |
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| 4 Top 10 industries for corporate bonds and floating rate loans. |
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| 5 Duration calculated using internal methodologies. Rounded to the nearest year. |
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| 6 Preferred shares issued by the Fund and mortgage dollar rolls used for leverage divided by total assets of the Fund. |
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