Franklin Limited Duration Income Trust:FTF

    Manage Alerts

    Overview

    As of 6/11/2021. NAV as of 6/10/2021.

     Share
    Price
    NAVPremium/
    Discount
    Current$9.21$9.37-1.71%
    52 Wk Avg$8.96$9.34-4.11%
    52 Wk High$9.63$9.520.53%
    52 Wk Low$8.21$9.02-9.66%
    Regular Distribution TypeManaged Distribution
    Distribution Rate10.20%
    Distribution Amount$0.0783
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Trust seeks a high level of current income with a secondary objective of capital appreciation. It invests mainly in high yield corporate bonds, floating rate bank loans and mortgage- and other asset-backed securities. It will invest at least 25% of its total assets in each category. The Trust will maintain an average portfolio duration of between two and five years (including the effect of anticipated leverage). Normally it expects to maintain a weighted average portfolio credit quality of investment grade. However, it may invest up to 25% of its total assets in below investment grade securities.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$393.924M
    Total Common Assets:$282.401M
    Common Shares Outstanding:30,138,835
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $111.523M
    Regulatory Leverage (USD): $93.000M
    Effective Leverage (USD): $111.523M
    Effective Leverage (%): 28.31%
    Annual Expense Ratios

    As of 3/31/2021

      Per Common Share
    Management Fees1.01%
    Other Expenses:0.23%
    Baseline Expense: N/A
    Interest Expense:0.61%
    Total: 1.85%
    Fund Management

    Fund Sponsor
    Franklin Templeton Investments

    Portfolio Managers
    Roger Bayston, Christopher J. Molumphy, Richard S. Hsu, Eric G. Takaha

    Basics
    Category: Fixed Income - Taxable-Limited Duration
    Ticker: FTF
    NAV Ticker: XFTFX
    Average Daily Volume (shares): 105,170
    Average Daily Volume (USD): $0.949M
    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 6/11/2021

    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 12/31/2020
    $0.2638
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    10.03%
    Total Return on NAV (12 months):
    As of 6/11/2021
    14.41%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    5.22%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    28.31%

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-1.61%
    1 Year-4.11%
    3 Year-6.37%
    5 Year-6.61%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month-0.28
    6 Month-0.07
    1 Year0.84
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Limited Duration

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD1.76%3.05%8.62%3.01%
    20209.47%4.32%4.56%4.70%
    201918.43%9.34%22.78%12.22%
    2018-12.06%-4.68%-7.45%-1.27%
    20179.41%4.71%12.86%9.16%
    201620.23%11.82%19.16%12.54%
    2015-6.25%-4.89%-3.04%-2.38%
    20140.37%2.70%0.88%3.52%
    2013-3.39%6.96%-1.23%5.24%
    201217.49%14.03%19.07%16.27%
    20118.26%4.04%5.85%4.21%
    201018.17%13.78%22.82%18.02%
    200955.46%50.10%55.22%46.93%
    2008-19.65%-23.88%  
    2007-6.71%2.05%  
    200617.76%7.95%  
    2005-8.33%4.73%  
    20048.83%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 5/31/2021
    Category: Morningstar US CEF Limited Duration

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/10/2021
    5.22%
    Number of Holdings:
    As of 3/31/2021
    527
    Annual Portfolio Turnover:
    As of 3/31/2021
    106.46%
    Average Bond Price:
    As of 3/31/2021
    $103.16
    Asset Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)113.06%
    Corporate Bond61.46%
    Bank Loan49.18%
    Securitized (Super Sector)35.50%
    Agency Mortgage Backed21.72%
    Asset Backed12.59%
    Convertible2.41%
    Government Commercial Mortgage Backed1.18%
    Cyclical (Super Sector)0.19%
    Basic Materials0.14%
    Top Holdings

    As of 3/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Asset Offset$21.96M7.81%
    Federal National Mortgage Association 2.5%$7.90M2.81%
    Federal National Mortgage Association 2.5%$7.90M2.81%
    OCTAGON INVESTMENT PARTNERS XXII 2.12238%$6.03M2.15%
    Federal National Mortgage Association 3%$5.52M1.96%
    Federal Home Loan Mortgage Corporation 2.5%$5.15M1.83%
    Lending Club Corp., Marketplace Loan$4.94M1.76%
    Federal National Mortgage Association 2%$4.78M1.70%
    Federal National Mortgage Association 4%$4.40M1.56%
    Other Liability$-150.38M-53.46%
    Credit Quality

    As of 3/31/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 3/31/2021 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income127.59%
    Others - Fixed Income4.29%
    Canada - Fixed Income3.77%
    Ireland - Fixed Income2.94%
    France - Fixed Income1.70%
    Netherlands - Fixed Income1.64%
    Germany - Fixed Income0.67%
    Denmark - Fixed Income0.55%
    Australia - Fixed Income0.54%
    United Kingdom - Fixed Income0.46%
    Israel - Fixed Income0.35%
    United States - Equity0.33%
    Spain - Fixed Income0.28%
    Sweden - Fixed Income0.26%
    South Africa - Fixed Income0.22%
    Norway - Fixed Income0.18%
    Malaysia - Fixed Income0.14%
    South Africa - Equity0.12%

    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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