SOURCE: Franklin Templeton

Franklin Templeton

December 01, 2010 12:35 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - December 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 October 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 $664 billion in assets under management as of October 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at OCTOBER 31, 2010
 
SECTOR ALLOCATION   MARKET VALUE (Millions)         PERCENTAGE
OF FUND 1
High Yield Corporate Bonds & Preferred   194.9         35.6%
Floating Rate Loans   192.4         35.1%
Mortgage-Backed Securities   113.2         20.7%
Other Asset-Backed Securities 2   34.9         6.4%
International Government Bonds (US$ and non-US$)   9.8         1.8%
Common Stock and Warrants   0.3         0.1%
Cash & Other Net Assets   2.7         0.5%
               
Total Assets 3   $548.1         100.0%
               
TOP 10 INDUSTRIES 4   MARKET VALUE (Millions)         PERCENTAGE
OF FUND 1
Healthcare Services   42.3         7.7%
Energy   34.7         6.3%
Chemicals   24.6         4.5%
Financial Services   24.1         4.4%
Consumer Products   23.7         4.3%
Media   23.0         4.2%
Gaming/Leisure   22.1         4.0%
Info/Technology   22.1         4.0%
Industrials   22.1         4.0%
Utilities   19.7         3.6%
               
Total 3   $258.5         47.2%
               
10 LARGEST HOLDINGS BY ISSUER   MARKET VALUE (Millions)         PERCENTAGE
OF FUND 1
Fannie Mae   54.2         9.9%
Freddie Mac   50.6         9.2%
Govt National Mtg Assn.   8.4         1.5%
Harrahs Operating Co Inc.   7.4         1.3%
HCA Inc.   7.0         1.3%
Reynolds Group   6.7         1.2%
RBS Global & Rexnord Corp.   6.0         1.1%
LB-UBS Commercial Mortgage   5.5         1.0%
Bank of America Corp.   5.4         1.0%
Wachovia Bank Commercial   5.3         1.0%
               
Total 3   $156.6         28.6%
               
Number of positions         385    
NAV per share       $ 13.92    
Market price per share       $ 13.48    
Number of shares outstanding         26,773,772    
Total net assets       $ 372,634,850    
                 
Weighted average duration (including leverage) 5 3 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