SOURCE: Franklin Templeton

Franklin Templeton

December 02, 2009 13:40 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - December 2, 2009) -  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 October 31, 2009. 

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 $523 billion in assets under management as of October 31, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at OCTOBER 31, 2009    
   
      MARKET     PERCENTAGE  
SECTOR ALLOCATION     VALUE (Millions)     OF FUND 1  
               
High Yield Corporate Bonds & Preferred       184.5       36.2 %
Floating Rate Loans       168.9       33.1 %
Mortgage-Backed Securities       91.7       18.0 %
Other Asset-Backed Securities 2       36.6       7.2 %
International Government Bonds (US$ and non-US$)       10.9       2.1 %
Investment Grade Corporate Bonds & Preferred       13.2       2.6 %
Cash & Other Net Assets       4.1       0.8 %
                   
Total Assets 3     $ 510.0       100.0 %
                   
      MARKET       PERCENTAGE  
TOP 10 INDUSTRIES 4     VALUE (Millions)       OF FUND 1  
                   
Healthcare Services       46.0       9.0 %
Energy       28.4       5.6 %
Chemicals       24.3       4.8 %
Pay TV       23.0       4.5 %
Industrials       23.0       4.5 %
Utilities       23.0       4.5 %
Media       20.7       4.1 %
Info/Technology       20.6       4.0 %
Gaming/Leisure       18.7       3.7 %
Financial Services       18.0       3.5 %
                   
Total 3     $ 245.6       48.2 %
                   
      MARKET       PERCENTAGE  
10 LARGEST HOLDINGS BY ISSUER     VALUE (Millions)       OF FUND 1  
                   
Fannie Mae       44.1       8.7 %
Freddie Mac       39.0       7.6 %
LB-UBS Commercial Mortgage       12.0       2.3 %
Govt National Mtg Assn.       8.6       1.7 %
MBNA Master Credit Card Trust       6.9       1.4 %
HCA Inc.       6.9       1.4 %
Intelsat Corp.       6.6       1.3 %
Sungard Data Systems       6.4       1.3 %
Aramark Corp.       6.3       1.2 %
RBS Global & Rexnord Corp.       5.8       1.1 %
                   
Total 3     $ 142.7       28.0 %
                   
Number of positions             348    
NAV per share           $ 12.87    
Market price per share           $ 10.97    
Number of shares outstanding             26,773,772    
Total net assets           $ 344,650,660    
                   
Weighted average duration (including leverage) 5 3 years                
Weighted average credit quality 6 Baa3                
Fund leverage percentage 7 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 For securities with multiple ratings, highest rating is used.
7 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
    Media: (650) 312-2245