Franklin Limited Duration Inco:FTF


    As of 2/8/2016

    52 Wk Avg$11.51$13.30-13.43%
    52 Wk High$12.41$14.05-10.74%
    52 Wk Low$10.18$11.95-16.69%
    Regular Distribution TypeIncome Only
    Distribution Rate7.13%
    Distribution Amount$0.0620
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks high current income and capital appreciation through investment in high yield corporate bonds, floating rate bank loans and mortgage and other asset backed securities

    Capital Structure

    As of 2/8/2016

    Total Net Assets:$410.415M
    Total Common Assets:$320.415M
    Common Shares Outstanding:26,835,650

    As of 9/30/2015

    Preferred Share Assets: $90.000M
    Type of Preferred: Auction preferred stock
    Total Debt (USD):
    Structural Leverage (USD): $90.000M
    Structural Leverage (%): 20.71%
    Effective Leverage (USD): $90.000M
    Effective Leverage (%): 20.71%
    Preferred Share Rates
    Date Symbol Series Rate Shares
    Annual Expense Ratios

    As of 3/31/2015

      Per Common Share
    Management Fees1.03%
    Other Expenses:0.09%
    Baseline Expense: 1.12%
    Interest Expense:0.00%
    Total: 1.12%

    Fund Management

    Fund Sponsor
    Franklin Advisers, Inc

    Portfolio Managers
    Roger A. Bayston (26 Aug 2003) / Richard S. Hsu (30 Nov 2006) / Chris Molumphy (26 Aug 2003) / Eric

    Category:Taxable Income-Limited Duration
    NAV Ticker:XFTFX
    Average Daily Volume (shares):63,000
    Average Daily Volume (USD):$0.725M
    Inception Date:8/27/2003
    Inception Share Price:$15.00
    Inception NAV:$14.30
    Tender Offer:No
    Fiscal Year End:March 31
    Third Party Links & Reports


    As of 2/8/2016

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 9/30/2015
    Annualized Distribution Rate on NAV:
    As of 2/8/2016
    Total Return on NAV (12 months):
    As of 2/8/2016
    Avg. UNII Per Share:
    As of 9/30/2015
    Total % Portfolio Effectively Leveraged:
    As of 2/8/2016

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 2/8/2016

    PeriodAvg Discount
    6 Month-14.08%
    1 Year-13.43%
    3 Year-9.79%
    5 Year-6.08%

    As of 2/8/2016

    3 Month0.80
    6 Month1.20
    1 Year0.60
    Pricing History
    Date NAV Premium / Discount


    Calendar Year Total Returns

    As of 2/8/2016
    Category: Limited Duration Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 2/8/2016
    Category: Limited Duration Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 9/30/2015
    Annual Portfolio Turnover:
    As of 3/31/2015
    Average Bond Price:
    Asset Allocation

    As of 9/30/2015 reported by Fund Sponsor

    Top Sectors

    As of 9/30/2015 reported by Fund Sponsor

    Debt - Senior Loans 42.25%
    Debt - Corporate 39.42%
    Debt - Mort-backed Sec 23.25%
    Debt - Asset-Backed Sec 11.49%
    Money Market Fund 3.26%
    Debt - Short 1.37%
    Debt - Municipal 0.76%
    Debt - Convertible Prefs 0.03%
    General Equity 0.02%
    Net Current Assets -21.84%
    Top Holdings

    As of 9/30/2015 reported by Fund Sponsor

    HoldingValue% Portfolio
    Chrysler Group Llc, Tranche B Term Loan, 3.50 24 May 2017$28.93M6.66%
    American Airlines Inc., senior secured n 4.50 01 Oct 2045$21.20M4.88%
    Fnma 30 Year, 3.50% 3.50 01 Apr 2045$15.55M3.58%
    Institutional Fiduciary Trust Money Mark$14.16M3.26%
    Gnma Ii Sf 30 Year, 3.50% 3.50 01 Oct 2042$13.00M2.99%
    Universal Health Services Inc., New Tran 4.00 01 Oct 2045$9.58M2.21%
    Community Health Systems Inc., 2019 Term 3.75 31 Dec 2019$3.88M0.89%
    Money Gram International Inc., Term Loan 4.25 27 Mar 2020$3.88M0.89%
    Ascena Retail Group Inc., Tranche B Term 5.25 21 Aug 2022$3.86M0.89%
    Fmg America Finance Inc. (Fortescue Meta 3.75 30 Jun 2019$3.63M0.84%
    Trans Digm Inc.,: Tranche C Term Loan, 3 3.75 28 Feb 2020$3.47M0.80%
    Country Allocation

    As of 9/30/2015 reported by Fund Sponsor

    Country% Portfolio
    Global 100.00% makes data for the universe of closed-end funds available as a courtesy to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.


    Distribution type sourced from Morningstar. does not undertake to disclose specific information about closed-end fund distribution sources. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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