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Franklin Limited Duration Inco:FTF

    Overview

    As of 9/20/2017. NAV as of 9/19/2017.

     Share
    Price
    NAVPremium/
    Discount
    Current$11.96$12.69-5.75%
    52 Wk Avg$11.98$12.95-7.48%
    52 Wk High$12.42$13.23-5.91%
    52 Wk Low$11.61$12.65-10.25%
    Regular Distribution TypeIncome Only
    Distribution Rate10.68%
    Distribution Amount$0.1067
    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 9/20/2017

    Total Net Assets:$377.453M
    Total Common Assets:$287.445M
    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):
    Average Daily Volume (USD): M
    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 9/20/2017

    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 3/31/2017
    $0.0439
    Annualized Distribution Rate on NAV:
    As of 9/20/2017
    10.04%
    Total Return on NAV (12 months):
    As of 9/20/2017
    6.34%
    Avg. UNII Per Share:
    As of 3/31/2017
    -$0.1108
    Total % Portfolio Effectively Leveraged:
    As of 9/20/2017
    23.57%

    Pricing Information

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

    As of 9/20/2017

    PeriodAvg Discount
    6 Month-7.15%
    1 Year-7.48%
    3 Year-10.43%
    5 Year-8.30%
    Z-Score

    As of 9/20/2017

    PeriodZStat
    3 Month1.80
    6 Month2.30
    1 Year1.80
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/20/2017
    Category: Limited Duration Leveraged

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD6.23%4.29%  
    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%-7.64%2.35%
    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 9/20/2017
    Category: Limited Duration Leveraged

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2017
    354
    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 6/30/2017 reported by Fund Sponsor

    HoldingValue% Portfolio
    Institutional Fiduciary Trust Money Mark 0.58$14.10M3.73%
    FHLMC 4% 4.00 01 Mar 2047$13.38M3.54%
    FHLMC 4% 4.00 01 Jul 2046$10.45M2.76%
    FNMA 3.5% 3.50 01 Jul 2046$9.23M2.44%
    FNMA 4% 4.00 01 Jul 2046$8.80M2.33%
    FHLMC 3.5% 3.50 01 Jul 2047$8.20M2.17%
    FNMA 3.5% 3.50 01 Jul 2046$9.23M2.44%
    FNMA 3% 3.00 01 Jul 2046$6.44M1.70%
    FHLMC 3% 3.00 01 Jul 2047$6.44M1.70%
    FHLMC 3.5% 3.50 01 Mar 2047$6.38M1.69%
    FHLMC 3% 3.00 01 Apr 2047$6.03M1.59%
    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. 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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