SOURCE: Franklin Templeton

Franklin Templeton

October 02, 2009 17:32 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - October 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 August 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 $495 billion in assets under management as of August 31, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

  FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION
  at August 31, 2009
             
  SECTOR ALLOCATION     MARKET VALUE (Millions)   PERCENTAGE OF FUND 1
           
  High Yield Corporate Bonds & Preferred         169.4     34.5 %
  Floating Rate Loans         164.4     33.5 %
  Mortgage-Backed Securities         91.6     18.7 %
  Other Asset-Backed Securities 2         27.5     5.6 %
  Government Agency         0.0     0.0 %
  International Government Bonds (US$ and non-US$)         10.5    2.1 %
  Investment Grade Corporate Bonds & Preferred         27.1     5.5 %
  Cash & Other Net Assets         0.0     0.0 %
                     
  Total Assets 3       $ 490.4     100.0 %
   
                     
  TOP 10 INDUSTRIES 4       MARKET VALUE (Millions)     PERCENTAGE OF FUND 1  
                 
  Healthcare Services         43.2     8.8 %
 Energy         26.0     5.3 %
  Utilities         25.0     5.1 %
  Financial Services         23.5     4.8 %
  Pay TV         23.0     4.7 %
  Industrials         22.9     4.7 %
  Chemicals         22.1     4.5 %
  Info/Technology         20.7     4.2 %
  Media         20.0     4.1 %
  Gaming/Leisure         17.6     3.6 %
                     
  Total 3       $ 244.0     49.8 %
                   
                     
  10 LARGEST HOLDINGS BY ISSUER       MARKET VALUE (Millions)     PERCENTAGE OF FUND 1  
                   
  Freddie Mac         44.3     9.0 %
  Fannie Mae         38.8     7.9 %
  Govt National Mtg Assn.         8.7    1.8 %
  HCA Inc.         6.7     1.4 %
  Intelsat Corp.         6.5     1.3 %
  Aramark Corp.         6.4     1.3 %
  Sungard Data Systems         6.4     1.3 %
  LB-UBS Commercial Mortgage         6.0     1.2 %
  RBS Global & Rexnord Corp.         5.4     1.1 %
  Davita         5.4     1.1 %
                     
  Total 3       $134.7     27.5 %
                     
  Number of positions             336    
  NAV per share           $ 12.40    
  Market price per share           $ 11.28    
  Number of shares outstanding             26,773,772    
  Total net assets           $ 331,957,541    
                     
  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