SOURCE: Franklin Templeton

Franklin Templeton

November 29, 2012 18:06 ET

Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - Nov 29, 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 October 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 $753 billion in assets under management as of October 31, 2012. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com. 

       
       
FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at October 31, 2012      
   
SECTOR ALLOCATION         MARKET VALUE (Millions)         PERCENTAGE OF FUND 1  
High Yield Corporate Bonds & Preferred Securities           185.2           33.5 %
Investment Grade Corporate Bonds           0.0           0.0 %
Floating Rate Loans           194.7           35.3 %
Mortgage-Backed Securities           134.7           24.4 %
Other Asset-Backed Securities 2           25.9           4.7 %
International Government Bonds (US$ & non-US$)           6.8           1.2 %
Common Stock & Warrants           0.0           0.0 %
Cash & Other Net Assets 3           4.8           0.9 %
Total Assets 4         $ 552.1           100.0 %
                           
                           
TOP 10 INDUSTRIES 5         MARKET VALUE (Millions)           PERCENTAGE OF FUND 1  
Healthcare Services           45.3           8.2 %
Energy           33.4           6.0 %
Automotive           26.6           4.8 %
Retail           21.8           3.9 %
Industrials           20.0           3.6 %
Financial Services           19.9           3.6 %
Chemicals           19.8           3.6 %
Food & Beverage           19.2           3.5 %
Gaming/Leisure           18.4           3.3 %
Metals & Mining           18.2           3.3 %
Total 4         $ 242.6           43.9 %
                           
                           
10 LARGEST HOLDINGS BY ISSUER         MARKET VALUE (Millions)           PERCENTAGE OF FUND 1  
Fannie Mae           108.7           19.7 %
Freddie Mac           24.7           4.5 %
Intelsat           6.6           1.2 %
Caesars Entertainment           6.2           1.1 %
ADS Waste           5.5           1.0 %
Calpine           5.3           1.0 %
Visant Corp.           5.1           0.9 %
FMG Resources           5.0           0.9 %
Reynolds Group Holdings Inc.           4.7           0.8 %
Del Monte Foods           4.7           0.8 %
Total 4         $ 176.3           31.9 %
                           
                           
Number of positions                   419      
NAV per share                 $ 14.06      
Market price per share                 $ 14.18      
Number of shares outstanding                   26,815,016      
Total net assets                 $ 377,126,079      
                           
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