SOURCE: Franklin Templeton

Franklin Templeton

July 02, 2012 19:43 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - Jul 2, 2012) - Franklin Templeton Limited Duration Income Trust (NYSE MKT: FTF) (NYSE Amex: FTF), a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE MKT closing price as of May 31, 2012. 

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 $683 billion in assets under management as of May 31, 2012. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

   
   
FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at May 31, 2012  

SECTOR ALLOCATION
    MARKET
VALUE (Millions)
      PERCENTAGE
OF FUND 1
 
High Yield Corporate Bonds & Preferred Securities       184.9         34.3 %
Investment Grade Corporate Bonds       0.0         0.0 %
Floating Rate Loans       186.6         34.7 %
Mortgage-Backed Securities       126.8         23.6 %
Other Asset-Backed Securities 2       25.4         4.7 %
International Government Bonds (US$ and non-US$)       7.7         1.4 %
Common Stock & Warrants       0.0         0.0 %
Cash & Other Net Assets 3       7.0         1.3 %
Total Assets 4     $ 538.4         100.0 %
TOP 10 INDUSTRIES 5     MARKET
VALUE (Millions)
      PERCENTAGE
OF FUND 1
 
Healthcare Services       36.8         6.8 %
Energy       28.5         5.3 %
Automotive       25.5         4.7 %
Financial Services       23.7         4.4 %
Info/Technology       21.4         4.0 %
Gaming/Leisure       19.5         3.6 %
Utilities       19.0         3.5 %
Chemicals       18.7         3.5 %
Pay TV       18.2         3.4 %
Consumer Products       18.0         3.3 %
Total 4     $ 229.4         42.6 %
10 LARGEST HOLDINGS BY ISSUER     MARKET
VALUE (Millions)
      PERCENTAGE
OF FUND 1
 
Fannie Mae       100.4         18.7 %
Freddie Mac       25.0         4.6 %
Reynolds Group       7.0         1.3 %
Caesars Entertainment Operating       7.0         1.3 %
Intelsat Jackson Holding LT       6.4         1.2 %
Visant Corp.       5.6         1.0 %
Calpine Corp.       4.9         0.9 %
CIT Group       4.8         0.9 %
Sungard Data Systems Inc.       4.6         0.9 %
Del Monte Foods       4.6         0.9 %
Total 4     $ 170.2         31.6 %
Number of positions             412      
NAV per share           $ 13.55      
Market price per share           $ 13.95      
Number of shares outstanding             26,791,838      
Total net assets           $ 363,014,682      
                     
Weighted average duration (including leverage) 6 3 years                  
Fund leverage percentage 7 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 Includes currency forward contracts.  
4 Total figures may not represent exact sum of items as a result of rounding.  
5 Top 10 industries for corporate bonds and floating rate loans.  
6 Duration calculated using internal methodologies. Rounded to the nearest year.  
7 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