SOURCE: Franklin Templeton

Franklin Templeton

August 17, 2012 12:57 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - Aug 17, 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 July 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 $718 billion in assets under management as of July 31, 2012. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

   
FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at July 31, 2012  
   
SECTOR ALLOCATION   MARKET VALUE (Millions)         PERCENTAGE OF FUND 1  
                         
High Yield Corporate Bonds & Preferred Securities         188.8           34.6 %
Investment Grade Corporate Bonds         0.0           0.0 %
Floating Rate Loans         187.9           34.4 %
Mortgage-Backed Securities         129.6           23.7 %
Other Asset-Backed Securities 2         26.9           4.9 %
International Government Bonds (US$ & non-US$)         8.0           1.5 %
Common Stock & Warrants         0.0           0.0 %
Cash & Other Net Assets 3         4.7           0.9 %
                         
Total Assets 4       $ 545.8           100.0 %
   
TOP 10 INDUSTRIES 5     MARKET VALUE (Millions)           PERCENTAGE OF FUND 1  
                         
Healthcare Services         40.6           7.4 %
Energy         30.7           5.6 %
Automotive         28.9           5.3 %
Retail         21.2           3.9 %
Info/Technology         19.8           3.6 %
Financial Services         19.7           3.6 %
Gaming/Leisure         19.5           3.6 %
Pay TV         18.8           3.5 %
Broadcasting         18.7           3.4 %
Chemicals         16.9           3.1 %
                         
Total 4       $ 235.0           43.1 %
   
10 LARGEST HOLDINGS BY ISSUER     MARKET VALUE (Millions)           PERCENTAGE OF FUND 1  
                         
Fannie Mae         103.1           18.9 %
Freddie Mac         25.1           4.6 %
Reynolds Group         7.2           1.3 %
Caesars Entertainment Operating         7.0           1.3 %
Intelsat Jackson Holding         6.6           1.2 %
Visant Corp.         5.7           1.0 %
Calpine Corp.         5.1           0.9 %
Citigroup/Deutsche Bank Commercial         4.6           0.8 %
Del Monte Foods         4.5           0.8 %
Ineos         4.5           0.8 %
                         
Total 4       $ 173.4           31.8 %
   
Number of positions                 421      
NAV per share               $ 13.85      
Market price per share               $ 14.40      
Number of shares outstanding                 26,801,396      
Total net assets               $ 371,148,646      
                         
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

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