SOURCE: Franklin Templeton

Franklin Templeton

August 03, 2012 18:40 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - Aug 3, 2012) - Franklin Templeton Limited Duration Income Trust (NYSE MKT: 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 June 30, 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 $706 billion in assets under management as of June 30, 2012. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at June 30, 2012
SECTOR ALLOCATION   MARKET VALUE (Millions)   PERCENTAGE OF FUND(1)
High Yield Corporate Bonds & Preferred Securities   188.4   34.8%
Investment Grade Corporate Bonds   0.0   0.0%
Floating Rate Loans   184.2   34.0%
Mortgage-Backed Securities   128.0   23.6%
Other Asset-Backed Securities(2)   26.5   4.9%
International Government Bonds (US$ & non-US$)   7.9   1.5%
Common Stock & Warrants   0.0   0.0%
Cash & Other Net Assets(3)   6.9   1.3%
Total Assets(4)   $542.0   100.0%
TOP 10 INDUSTRIES(5)   MARKET VALUE (Millions)   PERCENTAGE OF FUND(1)
Healthcare Services   37.7   7.0%
Energy   28.9   5.3%
Automotive   26.4   4.9%
Financial Services   22.1   4.1%
Info/Technology   22.1   4.1%
Gaming/Leisure   19.6   3.6%
Pay TV   18.7   3.4%
Consumer Products   18.0   3.3%
Chemicals   18.0   3.3%
Retail   17.7   3.3%
Total(4)   $229.1   42.3%
10 LARGEST HOLDINGS BY ISSUER   MARKET VALUE (Millions)   PERCENTAGE OF FUND(1)
Fannie Mae   101.2   18.7%
Freddie Mac   25.3   4.7%
Reynolds Group   7.1   1.3%
Caesars Entertainment Operating   7.1   1.3%
Intelsat Jackson Holding   6.5   1.2%
Visant Corp.   5.6   1.0%
Calpine Corp.   5.0   0.9%
Sungard Data Systems Inc.   4.7   0.9%
Del Monte Foods   4.6   0.8%
Citigroup   4.5   0.8%
Total(4)   $171.7   31.7%
Number of positions     421  
NAV per share     $ 13.69  
Market price per share     $ 14.05  
Number of shares outstanding     26,796,572  
Total net assets     $ 366,911,999  
         
Weighted average duration (including leverage)(6) 3 years      
Fund leverage percentage(7) 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) 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

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