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Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire -08/17/12)- Franklin Templeton Limited Duration Income Trust (FTF), a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE MKT closing price as of July 31, 2012.

Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. (BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $718 billion in assets under management as of July 31, 2012. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

  FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at July 31, 2012 =========================================================================== MARKET VALUE PERCENTAGE SECTOR ALLOCATION (Millions) OF FUND (1) ------------------------------------ ------------ ----------- High Yield Corporate Bonds & Preferred Securities 188.8 34.6% Investment Grade Corporate Bonds 0.0 0.0% Floating Rate Loans 187.9 34.4% Mortgage-Backed Securities 129.6 23.7% Other Asset-Backed Securities (2) 26.9 4.9% International Government Bonds (US$ & non-US$) 8.0 1.5% Common Stock & Warrants 0.0 0.0% Cash & Other Net Assets (3) 4.7 0.9% ------------ ----------- Total Assets (4) $ 545.8 100.0% =========================================================================== MARKET VALUE PERCENTAGE TOP 10 INDUSTRIES (5) (Millions) OF FUND (1) ------------------------------------ ------------ ----------- Healthcare Services 40.6 7.4% Energy 30.7 5.6% Automotive 28.9 5.3% Retail 21.2 3.9% Info/Technology 19.8 3.6% Financial Services 19.7 3.6% Gaming/Leisure 19.5 3.6% Pay TV 18.8 3.5% Broadcasting 18.7 3.4% Chemicals 16.9 3.1% ------------ ----------- Total (4) $ 235.0 43.1% =========================================================================== MARKET VALUE PERCENTAGE 10 LARGEST HOLDINGS BY ISSUER (Millions) OF FUND (1) ------------------------------------ ------------ ----------- Fannie Mae 103.1 18.9% Freddie Mac 25.1 4.6% Reynolds Group 7.2 1.3% Caesars Entertainment Operating 7.0 1.3% Intelsat Jackson Holding 6.6 1.2% Visant Corp.     5.7 1.0% Calpine Corp.     5.1 0.9% Citigroup/Deutsche Bank Commercial 4.6 0.8% Del Monte Foods 4.5 0.8% Ineos 4.5 0.8% ------------ ----------- Total (4) $ 173.4 31.8% =========================================================================== Number of positions 421 NAV per share $ 13.85 Market price per share $ 14.40 Number of shares outstanding 26,801,396 Total net assets $371,148,646 Weighted average duration (including leverage) (6) 3 years Fund leverage percentage (7) 32% (1) Percentage of total investments of the Fund. Total investments of the Fund include long-term and short-term investments and other net assets. Does not include last day portfolio and shareholder trades. (2) May include collateralized loan obligations ("CLOs"). (3) Includes currency forward contracts. (4) Total figures may not represent exact sum of items as a result of rounding. (5) Top 10 industries for corporate bonds and floating rate loans. (6) Duration calculated using internal methodologies. Rounded to the nearest year. (7) Preferred shares issued by the Fund and mortgage dollar rolls used for leverage divided by total assets of the Fund.