SOURCE: Franklin Templeton Investments

Franklin Templeton Investments

January 06, 2010 20:12 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - January 6, 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 November 30, 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 $539 billion in assets under management as of November 30, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at NOVEMBER 30, 2009      
   
        MARKET       PERCENTAGE  
SECTOR ALLOCATION       VALUE (Millions)       OF FUND 1  
                   
High Yield Corporate Bonds & Preferred         186.2         36.3 %
Floating Rate Loans         167.4         32.6 %
Mortgage-Backed Securities         93.6         18.2 %
Other Asset-Backed                
Securities 2          36.4          7.1
International Government Bonds (US$ and non-US$)         11.1         2.2 %
Investment Grade Corporate Bonds & Preferred         9.5         1.9 %
Cash & Other Net Assets         8.8         1.7 %
                       
Total Assets 3,4       $ 513.0         100.0 %
   
          MARKET         PERCENTAGE  
TOP 10 INDUSTRIES 5         VALUE (Millions)         OF FUND 1  
                       
Healthcare Services         45.5         8.9 %
Energy         29.1         5.7 %
Chemicals         24.1         4.7 %
Pay TV         23.0         4.5 %
Industrials         22.7         4.4 %
Info/Technology         21.2         4.1 %
Utilities         21.1         4.1 %
Gaming/Leisure         20.3         4.0 %
Media         19.8         3.9 %
Consumer Products         18.1         3.5 %
                       
Total 3,4       $ 244.9         47.7 %
                       
10 LARGEST HOLDINGS BY         MARKET         PERCENTAGE  
ISSUER         VALUE (Millions)         OF FUND 1  
                       
Fannie Mae         44.3         8.6 %
Freddie Mac         40.7         7.9 %
LB-UBS Commercial Mortgage         11.9         2.3 %
Govt National Mtg Assn.         8.6         1.7 %
HCA Inc.         6.9         1.4 %
MBNA Master Credit Card Trust         6.9         1.3 %
Intelsat Corp.         6.6         1.3 %
Sungard Data Systems         6.3         1.2 %
Aramark Corp.         6.2         1.2 %
UPC Financing Partnership         5.9         1.1 %
                       
Total 3       $ 144.4         28.2 %
                       
Number of positions               347      
NAV per share             $ 12.91      
Market price per share             $ 11.24      
Number of shares outstanding               26,773,772      
Total net assets             $ 345,602,926      
                       
Weighted average duration (including leverage) 6   3 years                  
Weighted average credit quality 7   Baa3                  
Fund leverage percentage 8   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 Effective November 30, 2009, reflects completion of Charter Communications' financial restructuring.
5 Top 10 industries for corporate bonds and floating rate loans.
Duration calculated using internal methodologies. Rounded to the nearest year. 
7 For securities with multiple ratings, highest rating is used.
8 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