]> Press Release - Closed-End - FTF Asset Allocation
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Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

From: Franklin Advisers, Inc.
Contact: Matt Walsh
Telephone:(650) 312-2245

San Mateo, CA, April 30, 2004 -- Franklin Templeton Limited Duration Income Trust [AMEX:FTF], a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and AMEX closing price as of March 31, 2004. 

Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment organization operating as Franklin Templeton Investments.  Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams.  The San Mateo, CA-based company has more than 50 years of investment experience and over $351 billion in assets under management as of March 31, 2004.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION @ 3/31/04

SECTOR ALLOCATION MARKET VALUE (Millions) PERCENTAGE OF FUND1
 
High Yield Corporate Bonds $223.3 38.3%
Floating Rate Loans $155.2 26.6%
Mortgage-Backed Securities $121.8 20.9%
Other Asset Backed Securities $41.9 7.2%
International Government Bonds(non-US$) $16.7 2.9%
Investment Grade Corporate Bonds $13.0 2.2%
Cash & Other Net Assets $11.3 1.9%
========================= ============ ============
Total Assets $583.1 100.0%
TOP 10 INDUSTRIES2 MARKET VALUE (Millions) PERCENTAGE OF FUND1
Utilities $31.6 5.4%
Media $31.3 5.4%
Wireless $30.1 5.2%
Pay TV $27.2 4.7%
Gaming/Leisure $26.6 4.6%
Telecom $24.3 4.2%
Healthcare $23.8 4.1%
Transportation $23.1 4.0%
Industrial $22.3 3.8%
Consumer Products $21.4 3.7%
========================= ============ ============
Total $261.7 44.9%
10 LARGEST HOLDINGS BY ISSUER MARKET VALUE (Millions) PERCENTAGE OF FUND1
Freddie Mac $63.4 10.9%
Fannie Mae $38.3 6.6%
Government National Mortgage Association $20.1 3.5%
Dex Media West $8.4 1.4%
TRW Automotive $8.1 1.4%
Inmarsat/Grapeclose $7.2 1.2%
CSC Holdings/Rainbow Media $6.8 1.2%
Morgan Stanley ABS Capital $6.8 1.2%
Laidlaw International Inc. $6.5 1.1%
DirectTV Holdings LLC $6.5 1.1%
========================= ============ ============
Total $172.0 29.5%
============================== ==============================
 
Number of positions 216
NAV per share $14.75
Market price per share $14.87
Number of shares outstanding 26,653,938
Total net assets $393,134,825
    
Weighted average duration (including leverage)3 3.1 years
Weighted average credit quality4 Baa3
Fund leverage percentage5 33%
(1) Percentage of gross assets of fund (total net assets plus preferred shares issued by the fund).
(2) Top 10 industries for corporates and floating rate loans.
(3) Duration calculated using internal methodologies.
(4) For securities with multiple ratings highest rating is used.
(5) Preferred shares issued by the fund divided by total gross assets of the fund.
* Total figures may not add up correctly due to rounding.