SOURCE: Franklin Templeton

Franklin Templeton

April 01, 2011 17:35 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - April 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 February 28, 2011. 

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 $693 billion in assets under management as of February 28, 2011. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at FEBRUARY 28, 2011
 
             
SECTOR ALLOCATION     MARKET VALUE (Millions)     PERCENTAGE OF FUND 1 
             
High Yield Corporate Bonds & Preferred     193.6     34.8%
Floating Rate Loans     200.8     36.0%
Mortgage-Backed Securities     122.4     22.0%
Other Asset-Backed Securities 2     29.1     5.2%
International Government Bonds (US$ and non-US$)     9.7     1.7%
Common Stock and Warrants     0.2     0.0%
Cash & Other Net Assets     1.4     0.2%
             
Total Assets 3     $557.2     100.0%
 
             
TOP 10 INDUSTRIES 4     MARKET VALUE (Millions)     PERCENTAGE OF FUND 1
             
Healthcare Services     40.6     7.3%
Energy     37.7     6.8%
Chemicals     30.5     5.5%
Info/Technology     28.9     5.2%
Consumer Products     25.9     4.7%
Financial Services     24.2     4.4%
Gaming/Leisure     22.2     4.0%
Pay TV     21.3     3.8%
Media     19.6     3.5%
Industrials     19.4     3.5%
             
Total 3     $270.3     48.5%
             
             
10 LARGEST HOLDINGS BY ISSUER     MARKET VALUE (Millions)     PERCENTAGE OF FUND 1
             
Fannie Mae     70.5     12.6%
Freddie Mac     43.8     7.9%
Univar Inc.     9.8     1.8%
Govt National Mtg Assn.     8.2     1.5%
Harrahs Operating Co Inc.     7.4     1.3%
HCA Inc.     7.1     1.3%
Reynolds Group     6.9     1.2%
RBS Global & Rexnord Corp.     6.2     1.1%
Bank of America Corp.     6.1     1.1%
UPC Financing Partnership     6.0     1.1%
             
Total 3     $171.9     30.8%
             
             
Number of positions         392  
NAV per share       $  14.06  
Market price per share       $  13.15  
Number of shares outstanding         26,773,772  
Total net assets       $  376,413,500  
             
Weighted average duration (including leverage) 5 3 years          
Fund leverage percentage 6 33%          
             
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