SOURCE: Franklin Templeton

Franklin Templeton

February 01, 2010 19:26 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - February 1, 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 December 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 $553 billion in assets under management as of December 31, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

 

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at DECEMBER 31, 2009
 
    MARKET VALUE (Millions)   PERCENTAGE OF FUND 1
SECTOR ALLOCATION    
High Yield Corporate Bonds & Preferred       197.2     37.9 %
Floating Rate Loans       170.4     32.8 %
Mortgage-Backed Securities       95.0     18.3 %
Other Asset-Backed Securities 2       35.9     6.9 %
International Government Bonds (US$ and non-US$)       11.0     2.1 %
Investment Grade Corporate Bonds & Preferred       6.0     1.1 %
Cash & Other Net Assets       4.5     0.9 %
Total Assets 3     $ 519.8     100.0 %
      MARKET VALUE (Millions)     PERCENTAGE OF FUND 1
TOP 10 INDUSTRIES 4        
Healthcare Services       46.7     9.0 %
Energy       32.7     6.3 %
Chemicals       25.5     4.9 %
Industrials       23.7     4.6 %
Pay TV       22.3     4.3 %
Info/Technology       21.7     4.2 %
Utilities       21.6     4.1 %
Media       20.3     3.9 %
Gaming/Leisure       20.0     3.8 %
Consumer Products       18.0     3.5 %
Total 3     $ 252.4     48.6 %
      MARKET VALUE (Millions)     PERCENTAGE OF FUND 1
10 LARGEST HOLDINGS BY ISSUER        
Fannie Mae       46.6     9.0 %
Freddie Mac       39.9     7.7 %
LB-UBS Commercial Mortgage       11.5     2.2 %
Govt National Mtg Assn.       8.4     1.6 %
HCA Inc.       7.1     1.4 %
MBNA Master Credit Card Trust       6.9     1.3 %
Intelsat Corp.       6.7     1.3 %
Sungard Data Systems Inc.       6.5     1.2 %
Aramark Corp.       6.5     1.2 %
UPC Financing Partnership       5.9     1.1 %
Total 3     $ 146.0     28.1 %
Number of positions           358    
NAV per share         $ 13.10    
Market price per share         $ 11.99    
Number of shares outstanding           26,773,772    
Total net assets         $ 350,613,110    
                 
Weighted average duration (including leverage) 5 3 years              
Weighted average credit quality 6 Baa3              
Fund leverage percentage 7 33 %            
 
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