SOURCE: Franklin Templeton

Franklin Templeton

September 01, 2010 15:12 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - September 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 July 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 over $602 billion in assets under management as of July 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at JULY 31, 2010  
 
    MARKET   PERCENTAGE
SECTOR ALLOCATION   VALUE (Millions)   OF FUND 1
         
High Yield Corporate Bonds & Preferred   183.9   34.2%
Floating Rate Loans   190.1   35.3%
Mortgage-Backed Securities   99.4   18.5%
Other Asset-Backed Securities 2   44.1   8.2%
International Government Bonds (US$ and non-US$)   9.8   1.8%
Common Stock and Warrants   0.7   0.1%
Cash & Other Net Assets   9.8   1.8%
         
Total Assets 3   $537.9   100.0%
 
    MARKET   PERCENTAGE
TOP 10 INDUSTRIES 4   VALUE (Millions)   OF FUND 1
         
Healthcare Services   38.7   7.2%
Energy   30.0   5.6%
Chemicals   26.7   5.0%
Industrials   25.6   4.8%
Gaming/Leisure   24.5   4.6%
Media   23.4   4.3%
Info/Technology   22.8   4.2%
Utilities   21.8   4.0%
Consumer Products   20.0   3.7%
Food & Beverage   16.7   3.1%
         
Total 3   $250.3   46.5%
         
    MARKET   PERCENTAGE
10 LARGEST HOLDINGS BY ISSUER   VALUE (Millions)   OF FUND 1
         
Fannie Mae   50.8   9.4%
Freddie Mac   40.2   7.5%
LB-UBS Commercial Mortgage   8.4   1.6%
Govt National Mtg Assn.   7.5   1.4%
Harrahs Operating Co Inc.   7.3   1.4%
MBNA Master Credit Card Trust   7.0   1.3%
HCA Inc.   7.0   1.3%
Intelsat Corp.   6.6   1.2%
Sungard Data Systems Inc.   5.8   1.1%
RBS Global & Rexnord Corp.   5.2   1.0%
         
Total 3   $145.9   27.1%
         
Number of positions                               371  
NAV per share      $           13.54  
Market price per share      $           12.84  
Number of shares outstanding     26,773,772  
Total net assets     $ 362,463,848  
         
Weighted average duration (including leverage) 5 2 years      
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 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 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