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Managed Fund Since 2013
Fixed Income
FTF Franklin Limited Duration Income Trust
Popular Documents
Overview
Fund Facts
Fund description
The fund seeks to provide high, current income, with a secondary objective of capital appreciation by investing primarily in high yield corporate bonds, floating rate corporate loans and mortgage- and other asset-backed securities.
- Fund Inception Date
- 08/27/2003
- Total Net Assets
As of 12/31/2025 (Updated Monthly) - $267.66 Million
- Dividend Frequency, if any
- Monthly
- Morningstar Category
4 - High Yield Bond
- Asset Class
- Fixed Income
Identifiers
- Ticker
- FTF
- NAV Symbol
- N/A
- CUSIP Code
- 35472T101
Average Annual Total Returns As of 11/30/2025
- 3.20%1 Year
- 9.57%3 Years
- 4.13%5 Years
- 4.83%10 Years
- 5.07%Since Inception
08/27/2003
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 11/30/2025 % of Total (Updated Monthly)
High Yield Corporates40.93% | |
Bank Loans26.15% | |
Marketplace Loans12.13% | |
Agency Mortgage-Backed Securities10.21% | |
Collateralized Loan Obligation3.19% |
Additional Fund Info
- Listing Exchange
- NYSE
- Fiscal Year End
- December 31
- Benchmark
8 - Blended 1/3 ICE BofA US High Yield Constrained + 1/3 Morningstar LSTA US Leveraged Loan + 1/3 Bloomberg MBS Index
- Lipper Classification
- N/A
- Investment Style
- Multi-Sector
Trading Characteristics
- Shares Outstanding
- 40,405,374
- Daily Volume
- N/A
- Initial Offering (Shares of common stock /beneficial interest)
- 24,600,000.00
- Initial Offering Price
- $15.00
Manager
About the Team
Franklin Templeton Fixed Income
A global leader in fixed income, the team strives to provide consistent and resilient returns by combining deep fundamental research with rigorous portfolio construction. This solutions-drives approach means maintaining portfolio and risk exposures that align with client expectations.
Franklin Templeton Fixed Income
![[Justin G. Mas avatar]](https://franklintempletonprod.widen.net/content/1i7izia21l/webp/Ma_Justin_500x500.png){kind=avatar}
Managed Fund Since 2013
![[Patrick A. Kleins avatar]](https://franklintempletonprod.widen.net/content/rwvxaop09d/webp/Klein_Patrick_500x500.png){kind=avatar}
Managed Fund Since 2022
![[Jonathan G. Belks avatar]](https://franklintempletonprod.widen.net/content/tk0cmw6d3y/webp/Belk_Jonathan_500x500.png){kind=avatar}
Managed Fund Since 2024
Latest Insights
January 8, 2026
January 6, 2026
December 22, 2025
December 18, 2025
Performance
Average Annual Total Returns
As of 11/30/2025
Selected Month November 2025
Franklin Limited Duration Income Trust - Market Price (%)
Month End
As of 11/30/2025
Franklin Limited Duration Income Trust - NAV (%)
Month End
As of 11/30/2025
Blended 1/3 ICE BofA US High Yield Constrained + 1/3 Morningstar LSTA US Leveraged Loan + 1/3 Bloomberg MBS Index (%) 8
Month End
As of 11/30/2025
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Returns based on Market Price or NAV, and assume the reinvestment of all distributions at the Dividend Reinvestment Plan Price or NAV, respectively. Returns include the deduction of management fees, operating expenses and all other fund expenses, and do not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Returns for periods of less than one year are not annualized.
Portfolio
Assets
As of12/31/2025 (Updated Monthly)
- Total Assets
- $389.72 Million
- Leverage
- 31.32%
- Total Net Assets
- $267.66 Million
Positions
As of 12/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 603
Sector Allocation
As of 11/30/2025 % of Total (Updated Monthly)
| Sector | Fund |
|---|---|
High Yield Corporates | 40.93% |
Bank Loans | 26.15% |
Marketplace Loans | 12.13% |
Agency Mortgage-Backed Securities | 10.21% |
Collateralized Loan Obligation | 3.19% |
Investment Grade Corporates | 1.59% |
Other | 0.36% |
International Bonds | 0.23% |
Municipal Bonds | 0.10% |
Residential Mortgage-Backed Securities | 0.04% |
Cash & Cash Equivalents | 5.06% |
Holdings
As of 11/30/2025 (Updated Monthly)
SQUARE CAPITAL 4472 MARKETPLACE LOANS
Franklin Institutional U.S. Government Money Market Fund OEMF-SWEEP MONEY MARKET PORTFOLIO
GOVT NATL MORTG ASSN 5.5% 12/01/2055 GNMA
GOVT NATL MORTG ASSN 6% 12/01/2055 GNMA
Fannie Mae Pool 5.5% 03/01/2054 FNL
Octagon Investment Partners XXII Ltd FRN 01/22/2030 2014-1A CRR 144A
UPSTART 4472 MARKETPLACE LOANS
Fannie Mae Or Freddie Mac 5.5% 12/01/2055 FHLM
Fannie Mae Or Freddie Mac 6% 12/01/2055 FHLM
Carlyle US Clo 2017-2 Ltd FRN 07/20/2037 144A 2017-2A D1R2
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
Rates and Yields
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
12/15/2025
11/17/2025
10/17/2025
09/18/2025
08/18/2025
07/18/2025
06/16/2025
05/19/2025
04/17/2025
03/17/2025
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report for specific information regarding distributions.
Pricing
Pricing History
As of 01/09/2026 (Updated Daily)
Daily Fund Prices
As of 01/09/2026
Share Prices
As of 01/09/2026
52-Week Range
- Highest NAV
As of 01/17/2025 - $6.99
- Lowest NAV
As of 04/07/2025 - $6.60
- Highest Market Price
As of 02/14/2025 - $6.70
- Lowest Market Price
As of 04/07/2025 - $5.86
Premium / Discount
As of 01/09/2026
- Avg. of Market Price vs. NAV since Inception
- -7.02%
- Avg. of Market Price vs. NAV at Close
- -7.50%
Press Releases
12/30/2025
12/05/2025
11/26/2025
11/07/2025
10/30/2025
10/07/2025
09/29/2025
09/08/2025
08/28/2025
08/07/2025
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Limited Duration Income Trust | |||
| Closed-End Funds Product Guide | |||
| Distribution Summary - Franklin Templeton Closed-End Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin Limited Duration Income Trust | |||
| Semi-Annual Report - Franklin Limited Duration Income Trust | |||
| FTF Section 19 Notice as of 01/31/23 | |||
| FTF Section 19 Notice as of 01/31/23 | |||
| FTF Section 19 Notice as of 01/31/24 | |||
| FTF Section 19 Notice as of 01/31/25 | |||
| FTF Section 19 Notice as of 02/28/25 | |||
| FTF Section 19 Notice as of 02/29/24 | |||
| FTF Section 19 Notice as of 03/28/24 | |||
| FTF Section 19 Notice as of 03/31/23 | |||
| FTF Section 19 Notice as of 03/31/25 | |||
| FTF Section 19 Notice as of 04/28/23 | |||
| FTF Section 19 Notice as of 04/30/24 | |||
| FTF Section 19 Notice as of 04/30/25 | |||
| FTF Section 19 Notice as of 05/30/25 | |||
| FTF Section 19 Notice as of 05/31/23 | |||
| FTF Section 19 Notice as of 05/31/24 | |||
| FTF Section 19 Notice as of 06/28/24 | |||
| FTF Section 19 Notice as of 06/30/23 | |||
| FTF Section 19 Notice as of 06/30/25 | |||
| FTF Section 19 Notice as of 07/31/23 | |||
| FTF Section 19 Notice as of 07/31/24 | |||
| FTF Section 19 Notice as of 07/31/25 | |||
| FTF Section 19 Notice as of 08/29/25 | |||
| FTF Section 19 Notice as of 08/30/24 | |||
| FTF Section 19 Notice as of 08/31/23 | |||
| FTF Section 19 Notice as of 09/29/23 | |||
| FTF Section 19 Notice as of 09/30/24 | |||
| FTF Section 19 Notice as of 09/30/25 | |||
| FTF Section 19 Notice as of 10/31/23 | |||
| FTF Section 19 Notice as of 10/31/24 | |||
| FTF Section 19 Notice as of 10/31/25 | |||
| FTF Section 19 Notice as of 11/28/25 | |||
| FTF Section 19 Notice as of 11/29/24 | |||
| FTF Section 19 Notice as of 11/30/23 | |||
| FTF Section 19 Notice as of 12/29/23 | |||
| FTF Section 19 Notice as of 12/31/24 | |||
| FTF Section 19 Notice as of 12/31/25 | |||
| Fiscal Q1 Holdings - Franklin Limited Duration Income Trust | |||
| Fiscial Q3 Holdings - Franklin Limited Duration Income Trust |
Risks
All investments involve risks, including possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Asset-backed, mortgage-backed or mortgage-related securities are subject to prepayment and extension risks. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated.
Important Information
The Closed-End Funds are not sold or distributed by Franklin Distributors, LLC. (FD, LLC) or any Franklin Templeton affiliated companies. Unlike open-end funds, shares are not continually offered. Like other public companies, closed-end funds have a one-time initial public offering, and once their shares are first issued, are generally bought and sold through non-affiliated broker/dealers and trade on nationally recognized stock exchanges. Share prices will fluctuate with market conditions and, at the time of sale, may be worth more or less than your original investment. Shares of exchange-traded closed-end funds may trade at a discount or premium to their original offering price, and often trade at a discount to their net asset value. Investment return, market price and net asset value will fluctuate with changes in market conditions. The Funds are subject to investment risks, including the possible loss of principal invested.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Indexes are unmanaged, and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
The Blended Benchmark is calculated internally and is composed of 1/3 ICE BofA US High Yield Constrained, 1/3 Morningstar LSTA US Leveraged Loan and 1/3 Bloomberg U.S. Mortgage-Backed Securities Index. The ICE BofA US High Yield Constrained Index measures the performance of USD-denominated, noninvestment grade, fixed rate and taxable corporate bonds. The Morningstar LSTA US Leveraged Loan Index is designed to reflect the performance of the largest facilities in the leveraged loan market. The Bloomberg U.S. Mortgage-Backed Securities (MBS) Index tracks the performance of fixed-rate agency mortgage-backed pass-through securities guaranteed by Ginnie Mae (GNMA), Fannie Mae (FNMA) and Freddie Mac (FHLMC).
Source: The index data referenced herein is the property of Intercontinental Exchange ("ICE") and/or its licensors and has been licensed for use by Franklin Templeton. ICE and its licensors accept no liability in connection with this use. The fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates. Bloomberg Indices.
Important data provider notices and terms available at www.franklintempletondatasources.com.
All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.