SOURCE: Franklin Templeton

Franklin Templeton

March 01, 2011 15:28 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - March 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 January 31, 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 approximately $681 billion in assets under management as of January 31, 2011. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at JANUARY 31, 2011
           
      MARKET
VALUE (Millions)
  PERCENTAGE
OF FUND 1
SECTOR ALLOCATION    
High Yield Corporate Bonds & Preferred     192.3   34.8%
Floating Rate Loans     189.5   34.3%
Mortgage-Backed Securities     120.1   21.7%
Other Asset-Backed Securities 2     35.6   6.4%
International Government Bonds (US$ and non-US$)     9.8   1.8%
Common Stock and Warrants     0.2   0.0%
Cash & Other Net Assets     4.7   0.9%
           
Total Assets 3     $552.4   100.0%
           
      MARKET
VALUE (Millions)
  PERCENTAGE
OF FUND 1
TOP 10 INDUSTRIES 4    
           
Energy     36.9   6.7%
Healthcare Services     36.9   6.7%
Info/Technology     26.8   4.9%
Chemicals     26.2   4.7%
Consumer Products     25.9   4.7%
Financial Services     23.5   4.3%
Gaming/Leisure     21.2   3.8%
Pay TV     20.4   3.7%
Industrials     20.4   3.7%
Media     20.2   3.7%
           
Total 3     $258.4   46.8%
           
      MARKET
VALUE (Millions)
  PERCENTAGE
OF FUND 1
10 LARGEST HOLDINGS BY ISSUER    
           
Fannie Mae     67.9   12.3%
Freddie Mac     44.1   8.0%
Govt National Mtg Assn.     8.2   1.5%
Harrahs Operating Co Inc.     7.4   1.3%
HCA Inc.     7.1   1.3%
Reynolds Group     6.8   1.2%
Banc of America Commercial     6.3   1.1%
UPC Financing Partnership     6.2   1.1%
RBS Global & Rexnord Corp.     6.1   1.1%
Wachovia Bank Commerical     5.6   1.0%
           
Total 3     $165.7   30.0%
           
Number of positions       399  
NAV per share       $ 14.01  
Market price per share       $ 13.20  
Number of shares outstanding       26,773,772  
Total net assets       $ 375,088,149  
           
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

  • Franklin Templeton Investments
    Shareholders/Financial Advisors: (800) 342-5236