SOURCE: Franklin Templeton

Franklin Templeton

January 03, 2011 18:41 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - January 3, 2011) -  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 November 30, 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 $642 billion in assets under management as of November 30, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at NOVEMBER 30, 2010  
        MARKET     PERCENTAGE  
SECTOR ALLOCATION       VALUE (Millions)     OF FUND 1  
                     
High Yield Corporate Bonds & Preferred         186.7       34.4 %
Floating Rate Loans         191.1       35.2 %
Mortgage-Backed Securities         112.5       20.7 %
Other Asset-Backed Securities 2         36.4       6.7 %
International Government Bonds (US$ and non-US$)         9.5       1.8 %
Common Stock and Warrants         0.2       0.0 %
Cash & Other Net Assets         7.0       1.3 %
                     
Total Assets 3       $ 543.4       100.0 %
          MARKET       PERCENTAGE  
TOP 10 INDUSTRIES 4         VALUE (Millions)       OF FUND 1  
                     
Healthcare Services         39.3       7.2 %
Energy         32.5       6.0 %
Info/Technology         24.2       4.5 %
Chemicals         23.7       4.4 %
Consumer Products         23.6       4.3 %
Financial Services         23.5       4.3 %
Gaming/Leisure         22.1       4.1 %
Media         21.5       4.0 %
Industrials         21.0       3.9 %
Pay TV         18.7       3.4 %
                     
Total 3       $ 250.2       46.0 %
10 LARGEST HOLDINGS          MARKET       PERCENTAGE  
BY ISSUER         VALUE (Millions)       OF FUND 1  
                     
Fannie Mae         59.3       10.9 %
Freddie Mac         44.9       8.3 %
Govt National Mtg Assn.         8.4       1.5 %
Harrahs Operating Co Inc.         7.3       1.3 %
Bank of America Corp.         7.2       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         5.4       1.0 %
Wachovia Bank Commercial         5.4       1.0 %
                     
Total 3       $ 157.5       29.0 %
Number of positions               396    
NAV per share             $ 13.78    
Market price per share             $ 13.40    
Number of shares outstanding               26,773,772    
Total net assets             $ 368,904,067    
                     
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