SOURCE: Franklin Templeton

Franklin Templeton

August 03, 2009 16:09 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - August 3, 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 June 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 $451 billion in assets under management as of June 30, 2009.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

 
FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at June 30, 2009
      MARKET   PERCENTAGE
SECTOR ALLOCATION     VALUE (Millions)   OF FUND 1
High Yield Corporate Bonds & Preferred     154.9   33.4%
Floating Rate Loans     150.4   32.4%
Mortgage-Backed Securities     92.1   19.8%
Other Asset Backed Securities     25.7   5.5%
Government Agency     0.0   0.0%
International Government Bonds (US$ and non-US$)     3.1   0.7%
Investment Grade Corporate Bonds & Preferred     29.0   6.2%
Cash & Other Net Assets     9.0   1.9%
Total Assets 2     $ 464.3   100.0%
      MARKET   PERCENTAGE
TOP 10 INDUSTRIES 3     VALUE (Millions)   OF FUND 1
Healthcare Services     42.7   9.2%
Utilities     24.9   5.4%
Energy     22.2   4.8%
Financial Services     21.9   4.7%
Chemicals     21.2   4.6%
Pay TV     20.7   4.5%
Industrials     19.3   4.2%
Info/Technology     19.2   4.1%
Media     17.9   3.9%
Food & Beverage     17.3   3.7%
Total 2     $ 227.4   49.0%
      MARKET   PERCENTAGE
10 LARGEST HOLDINGS BY ISSUER     VALUE (Millions)   OF FUND 1
Freddie Mac     44.5   9.6%
Fannie Mae     39.0   8.4%
Govt National Mtg Assn.     8.6   1.9%
Intelsat Corp.     6.4   1.4%
Aramark Corp.     6.2   1.3%
HCA Inc.     6.1   1.3%
Sungard Data Systems     6.1   1.3%
LB-UBS Commercial Mortgage     5.7   1.2%
RBS Global & Rexnord Corp.     5.1   1.1%
NRG Energy Inc.     5.1   1.1%
Total 2     $ 133.0   28.6%
Number of positions       318  
NAV per share       $ 11.72  
Market price per share       $ 10.05  
Number of shares outstanding       26,773,772  
Total net assets       $ 313,875,020  
           
Weighted average duration (including leverage) 4 3 years        
Weighted average credit quality 5 Baa3        
Fund leverage percentage 6 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 Total figures may not represent exact sum of items as a result of rounding.
3 Top 10 industries for corporate bonds and floating rate loans.
4 Duration calculated using internal methodologies. Rounded to the nearest year.
5 For securities with multiple ratings, highest rating is used.
6 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