SAN MATEO, CA--(Marketwired - Oct 12, 2016) - Franklin Limited Duration Income Trust (NYSE MKT: FTF), a closed-end fund managed by Franklin Advisers, Inc., today released a portfolio allocation update containing asset allocation, leverage, duration and shares price information as of September 30, 2016. This portfolio information and other Franklin Limited Duration Income Trust information can be found at www.franklintempleton.com or by calling 1-800-342-5236.
Franklin Advisers, Inc. is a 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 to retail, institutional and sovereign wealth clients in over 180 countries. Through specialized teams, the company has expertise across all asset classes -- including equity, fixed income, alternative and custom solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and over $730 billion in assets under management as of September 30, 2016. For more information, please visit franklintempleton.com.
This press release contains statistical data regarding the Fund's portfolio. The Fund's complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Fund's Annual and Semi-Annual Reports to Shareholders filed with the U.S. Securities and Exchange Commission. These documents may be found at sec.gov. For portfolio management discussions, including information regarding the Fund's investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.
| FRANKLIN LIMITED DURATION INCOME TRUST | |||||
| AS OF SEPTEMBER 30, 2016 | |||||
| TOTAL NET ASSETS: $350,918,403.36 | |||||
| NET ASSET VALUE PER SHARE: $13.09 | |||||
| MARKET PRICE PER SHARE: $12.09 | |||||
| OUTSTANDING SHARES: 26,795,526 | |||||
| PORTFOLIO BREAKDOWN1 | MARKET VALUE | PERCENT OF TOTAL INVESTMENTS2 | |||
| High Yield Corporate Bonds & Preferred Securities | $178.37 | 34.51% | |||
| Investment Grade Corporate Bonds | $6.99 | 1.35% | |||
| Floating Rate Loans | $184.93 | 35.78% | |||
| Mortgage-Backed Securities (MBS)3 | $96.36 | 18.64% | |||
| Commercial Mortgage-Backed Securities (CMBS)4 | $14.79 | 2.86% | |||
| International Government Bonds5 | $1.75 | 0.34% | |||
| Residential Mortgage-Backed Securities (RMBS) | $14.87 | 2.88% | |||
| Common Stocks & Warrants | $0.95 | 0.18% | |||
| Cash | $17.89 | 3.46% | |||
| Total Assets | $516.89 | 100% | |||
| PORTFOLIO CHARACTERISTICS | |||||
| Weighted Average Duration (Including Leverage): | 2.57 years6 | ||||
| Leverage: | 31.9%7 | ||||
| Number of Positions: | 444 | ||||
| QUALITY BREAKDOWN8 | |||||
| AAA | 20.75% | ||||
| AA | 0.44% | ||||
| A | 2.73% | ||||
| BBB | 4.40% | ||||
| BB | 39.74% | ||||
| B | 23.37% | ||||
| CCC | 6.49% | ||||
| CC | 0.31% | ||||
| C | 0.63% | ||||
| D | 0.25% | ||||
| NR | 0.84% | ||||
| N/A | 0.04% | ||||
| 1. | Portfolio holdings are subject to change. | |
| 2. | Total investments include long-term and short-term investments (including any assets attributable to preferred stock issued by the Fund and other financial leverage) and exclude liabilities attributable to leverage. Percentages may not total 100% due to rounding. | |
| 3. | May include fixed and adjustable mortgage-backed securities. | |
| 4. | May include collateralized loan obligations. | |
| 5. | May include US and non-US dollar denominated bonds. | |
| 6. | Duration is a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Weighted average duration takes into account the liabilities attributable to the Fund's financial leverage. | |
| 7. | Represents the amount of preferred shares issued by the Fund and any mortgage dollar rolls used for leverage as a percentage of Fund total assets (i.e., net assets applicable to the common shares plus any borrowings). | |
| 8. | Ratings shown are assigned by one or more Nationally Recognized Statistical Rating Organizations ("NRSRO"), such as Standard & Poor's, Moody's and Fitch. The ratings are an indication of an issuer's creditworthiness and typically range from AAA or Aaa (highest) to D (lowest). When ratings from all three agencies are available, the middle rating is used; when two are available, the lower rating is used; and when only one is available, that rating is used. Foreign government bonds without a specific rating are assigned the country rating provided by an NRSRO, if available. The NR category consists of rateable securities that have not been rated by an NRSRO. The N/A category consists of non-rateable securities (e.g., equities). Cash includes equivalents, which may be rated. Derivatives are excluded from this breakdown. | |
You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com.