Franklin Templeton Limited Duration Income Trust Reports Asset Allocation


SAN MATEO, CA--(Marketwire - March 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 January 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 approximately $548 billion in assets under management as of January 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at JANUARY 31, 2010  
      MARKET   PERCENTAGE  
SECTOR ALLOCATION     VALUE (Millions)   OF FUND 1  
High Yield Corporate Bonds & Preferred       194.6     37.0 %
Floating Rate Loans       178.0     33.9 %
Mortgage-Backed Securities       95.7     18.2 %
Other Asset-Backed Securities 2       42.1     8.0 %
International Government Bonds (US$ and non-US$)       10.8     2.1 %
Investment Grade Corporate Bonds & Preferred       1.7     0.3 %
Cash & Other Net Assets       2.9     0.6 %
Total Assets 3     $ 525.9     100.0 %
      MARKET     PERCENTAGE  
TOP 10 INDUSTRIES 4     VALUE (Millions)     OF FUND 1  
Healthcare Services       46.7     8.9 %
Energy       31.8     6.0 %
Chemicals       28.1     5.3 %
Industrials       24.0     4.6 %
Info/Technology       22.1     4.2 %
Media       21.9     4.2 %
Gaming/Leisure       21.4     4.1 %
Utilities       20.4     3.9 %
Pay TV       19.7     3.8 %
Consumer Products       18.7     3.6 %
Total 3     $ 254.9     48.5 %
      MARKET     PERCENTAGE  
10 LARGEST HOLDINGS BY ISSUER     VALUE (Millions)     OF FUND 1  
Fannie Mae       47.0     8.9 %
Freddie Mac       40.3     7.7 %
LB-UBS Commercial Mortgage       11.9     2.3 %
Govt National Mtg Assn.       8.4     1.6 %
HCA Inc.       7.0     1.3 %
MBNA Master Credit Card Trust       7.0     1.3 %
Intelsat Corp.       6.7     1.3 %
Aramark Corp.       6.5     1.2 %
Vanguard Health       6.1     1.2 %
UPC Financing Partnership       6.0     1.1 %
Total 3     $ 146.9     27.9 %
Number of positions           367    
NAV per share         $ 13.29    
Market price per share         $ 12.15    
Number of shares outstanding           26,773,772    
Total net assets         $ 355,833,567    
                 
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:

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