Franklin Limited Duration Income Trust Common Shares of Beneficial Interest
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About
Franklin Limited Duration Income Trust (FTF) is a closed-end mutual fund based in the United States, managed by Franklin Advisers, Inc. It is best known for investing in a diversified portfolio of U.S. fixed income securities.
The fund's primary investment objective is to provide high current income. It seeks to achieve this by investing across various segments of the fixed income market, including mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds. Its strategy emphasizes limiting exposure to interest rate risk through its "limited duration" focus, which involves managing the portfolio's average maturity.
To build its portfolio, the fund's managers employ a combination of top-down macroeconomic analysis and bottom-up security selection. This process involves assessing broader economic and interest rate trends alongside detailed fundamental analysis of individual issuers and securities. The fund was formed in 2003 and operates as a closed-end fund, meaning it issues a fixed number of shares that are traded on an exchange, distinct from open-end mutual funds that issue and redeem shares daily.