SOURCE: Franklin Templeton

Franklin Templeton

February 01, 2011 15:44 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - February 1, 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 December 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 $670 billion in assets under management as of December 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at DECEMBER 31, 2010  
                     
SECTOR ALLOCATION         MARKET
VALUE (Millions)
      PERCENTAGE
OF FUND 1
 
                         
High Yield Corporate Bonds & Preferred           184.2         33.7 %
Floating Rate Loans           190.2         34.7 %
Mortgage-Backed Securities           115.9         21.2 %
Other Asset-Backed Securities 2           36.4         6.7 %
International Government Bonds (US$ and non-US$)           9.8         1.8 %
Common Stock and Warrants           0.3         0.1 %
Cash & Other Net Assets           10.6         1.9 %
Total Assets 3         $ 547.3         100.0 %
                       
TOP 10 INDUSTRIES 4         MARKET
VALUE (Millions)
        PERCENTAGE
OF FUND 1
 
                       
Healthcare Services           36.1         6.6 %
Energy           36.0         6.6 %
Info/Technology           24.4         4.5 %
Consumer Products           24.3         4.4 %
Pay TV           24.0         4.4 %
Chemicals           23.9         4.4 %
Financial Services           22.8         4.2 %
Gaming/Leisure           21.1         3.9 %
Media           20.0         3.7 %
Industrials           19.2         3.5 %
Total 3         $ 251.8         46.0 %
                         
10 LARGEST HOLDINGS BY ISSUER         MARKET
VALUE (Millions)
        PERCENTAGE
OF FUND 1
 
                       
Fannie Mae           63.3         11.6 %
Freddie Mac           44.4         8.1 %
Intelsat Corp.           8.2         1.5 %
Govt National Mtg Assn.           8.2         1.5 %
Harrahs Operating Co Inc.           7.5         1.4 %
Banc of America Corp.           7.2         1.3 %
HCA Inc.           7.1         1.3 %
Reynolds Group           6.7         1.2 %
Wachovia Bank Commerical           5.6         1.0 %
LB-UBS Commercial Mortgage           5.4         1.0 %
Total 3         $ 163.5         29.9 %
                         
Number of positions                 391      
NAV per share               $ 13.82      
Market price per share               $ 13.10      
Number of shares outstanding                 26,773,772      
Total net assets               $ 370,002,637      
                         
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