Franklin Limited Duration Inco:FTF

    Overview

    As of 2/20/2018

     Share
    Price
    NAVPremium/
    Discount
    Current$11.34$12.14-6.59%
    52 Wk Avg$11.89$12.69-6.31%
    52 Wk High$12.23$13.12-2.99%
    52 Wk Low$11.34$12.09-8.55%
    Regular Distribution TypeManaged Distribution
    Distribution Rate10.94%
    Distribution Amount$0.1034
    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 2/20/2018

    Total Net Assets:$364.414M
    Total Common Assets:$274.414M
    Common Shares Outstanding:22,604,126
    Leverage

    As of 3/31/2017

    Preferred Share Assets: $90.000M
    Type of Preferred: Auction rate preferred share
    Total Debt (USD):
    Structural Leverage (USD): $90.000M
    Structural Leverage (%): 23.57%
    Effective Leverage (USD): $90.000M
    Effective Leverage (%): 23.57%
    Annual Expense Ratios

    As of 3/31/2017

      Per Common Share
    Management Fees1.03%
    Other Expenses:0.23%
    Baseline Expense: 1.26%
    Interest Expense:0.00%
    Total: 1.26%

    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 G. Takaha (26 Aug 2003)

    Basics
    Category: Taxable Income-Limited Duration
    Ticker: FTF
    NAV Ticker: XFTFX
    Average Daily Volume (shares): 131,000
    Average Daily Volume (USD): $1.558M
    Inception Date: 8/27/2003
    Inception Share Price: $15.00
    Inception NAV: $14.30
    Tender Offer: No
    Term: No
    Fiscal Year End: March 31
    Third Party Links & Reports

    Distributions

    As of 2/20/2018

    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 9/30/2017
    $0.0542
    Annualized Distribution Rate on NAV:
    As of 2/20/2018
    10.22%
    Total Return on NAV (12 months):
    As of 2/20/2018
    2.72%
    Avg. UNII Per Share:
    As of 9/30/2017
    -$0.5012
    Total % Portfolio Effectively Leveraged:
    As of 2/20/2018
    23.57%

    Pricing Information

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

    As of 2/20/2018

    PeriodAvg Discount
    6 Month-5.38%
    1 Year-6.31%
    3 Year-9.41%
    5 Year-8.94%
    Z-Score

    As of 2/21/2018

    PeriodZStat
    3 Month-1.40
    6 Month-1.30
    1 Year-0.20
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 2/20/2018
    Category: Limited Duration Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-3.29%-0.63%-2.39%0.04%
    20179.41%4.71%8.90%7.11%
    201620.23%11.82%17.55%12.84%
    2015-6.25%-4.89%-3.04%-3.13%
    20140.37%2.70%0.79%3.20%
    2013-3.40%6.96%-3.04%4.12%
    201217.49%14.03%18.27%13.04%
    20118.25%4.04%3.77%3.92%
    201018.15%13.78%16.44%13.11%
    200955.47%50.10%64.61%50.19%
    2008-19.65%-23.88%-24.01%-25.31%
    2007-6.72%2.05%-6.66%3.47%
    200617.76%7.95%19.83%8.35%
    2005-8.35%4.73%  
    20048.82%8.07%  
    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 2/20/2018
    Category: Limited Duration Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 9/30/2017
    348
    Annual Portfolio Turnover:
    As of 3/31/2017
    265.00%
    Average Bond Price:
    $11.99
    Asset Allocation

    As of 12/30/2016 reported by Fund Sponsor

    Top Sectors

    As of 12/30/2016 reported by Fund Sponsor

    Sector%Portfolio
    Debt - Corporate 42.55%
    Debt - Senior Loans 40.00%
    Debt - Mort-backed Sec 21.10%
    Debt - Asset-Backed Sec 7.74%
    Money Market Fund 4.75%
    General Equity 0.43%
    Debt - Foreign Govt 0.36%
    Other Investment Cos. 0.02%
    Debt - Convertible Prefs 0.01%
    Net Current Assets -16.94%
    Top Holdings

    As of 9/30/2017 reported by Fund Sponsor

    HoldingValue% Portfolio
    Institutional Fiduciary Trust Money Mark 0.67$14.83M3.96%
    FHLMC GOLD 30YR TBA 4% MAR TBA 4.00 01 Oct 2047$10.46M2.79%
    Fhlmc Gold 30 Year, 3.00%, 7/01/46 3.00 01 Apr 2047$5.98M1.60%
    Gnma Ii Sf 30 Year, 3.50% 3.50 20 Mar 2047$5.54M1.48%
    NRG Energy Inc., Term Loans, 3.583% (LIB 3.58 30 Jun 2023$3.45M0.92%
    Navistar Inc., Tranche B Term Loans, 5.2 5.24 07 Aug 2020$3.31M0.88%
    Air Canada, Term Loan, 3.568% (LIBOR 2.2 3.57 06 Oct 2023$3.03M0.81%
    Regal Cinemas Corp., Term Loan, 3.235% ( 3.24 01 Apr 2022$3.01M0.80%
    Ascena Retail Group Inc., Tranche B Term 5.75 21 Aug 2022$2.99M0.80%
    The Hertz Corp., TrancheB-1Term Loan, 3. 3.98 30 Jun 2023$2.99M0.80%
    JBS USA LUX SA, New Initial Term Loans, 3.80 30 Oct 2022$2.97M0.79%
    Country Allocation

    As of 12/30/2016 reported by Fund Sponsor

    Country% Portfolio
    Global 100.00%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com 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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