XFTFX: Franklin Limited Duration Income Trust

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XFTFX Franklin Limited Duration Income Trust

  • Fund
  • XFTFX
  • Price as of: Jan 16, 2020
  • $10.09
    + $0.01 + 0.10%

Profile

XFTFX - Profile

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $301 M
  • Holdings in Top 10 28.1%

52 WEEK LOW AND HIGH

$10.09
$9.93
$10.52

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.73%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 198.44%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Closed-end mutual fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 4.97%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin Limited Duration Income Trust
  • Fund Family Name
    Franklin Templeton
  • Inception Date
    Aug 27, 2003
  • Shares Outstanding
    30138835
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christopher Molumphy

Fund Description

N/A


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Categories

Fund Company Quick Screens

XFTFX - Fund Company Quick Screens


Performance

XFTFX - Performance

Return Ranking - Trailing

Period XFTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -2.4% 4.5% 7.96%
1 Yr -3.0% -36.6% 178.1% 97.73%
3 Yr N/A* -34.6% 40.6% 20.54%
5 Yr N/A* -34.3% 21.5% 13.36%
10 Yr N/A* -3.6% 7.2% 10.53%

* Annualized

Return Ranking - Calendar

Period XFTFX Return Category Return Low Category Return High Rank in Category (%)
2019 -1.1% -35.1% 177.6% 97.69%
2018 N/A -48.0% 0.8% N/A
2017 N/A -14.8% 11.2% N/A
2016 N/A -11.2% 19.1% N/A
2015 N/A -51.1% 4.0% N/A

Total Return Ranking - Trailing

Period XFTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -2.4% 4.5% 7.96%
1 Yr -3.0% -36.6% 178.1% 97.73%
3 Yr N/A* -34.6% 40.6% 36.03%
5 Yr N/A* -34.3% 22.2% 24.70%
10 Yr N/A* -3.6% 7.2% 12.78%

* Annualized

Total Return Ranking - Calendar

Period XFTFX Return Category Return Low Category Return High Rank in Category (%)
2019 -1.1% -35.1% 177.6% 97.69%
2018 N/A -48.0% 4.8% N/A
2017 N/A -14.8% 14.0% N/A
2016 N/A -11.2% 22.5% N/A
2015 N/A -51.1% 4.0% N/A

NAV & Total Return History


Holdings

XFTFX - Holdings

Concentration Analysis

XFTFX Category Low Category High XFTFX % Rank
Net Assets 301 M 100 K 134 B 65.93%
Number of Holdings 342 6 7570 58.61%
Net Assets in Top 10 87.3 M -42.1 B 5.96 B 44.17%
Weighting of Top 10 28.14% 4.5% 410.5% 49.17%

Top 10 Holdings

  1. Fnma Pass-Thru I 4% 5.90%
  2. FHLMC 4.57%
  3. Fnma Pass-Thru I 4% 3.58%
  4. FHLMC 3.48%
  5. Lending Club, 8.46% - 26.31% 10/31/21 - 2.44%
  6. Fnma Pass-Thru I 3.5% 1.84%
  7. FHLMC 1.76%
  8. Fnma Pass-Thru I 4% 1.74%
  9. Fnma Pass-Thru I 3.5% 1.44%
  10. FHLMC 1.38%

Asset Allocation

Weighting Return Low Return High XFTFX % Rank
Bonds
130.20% 31.46% 157.00% 4.97%
Cash
2.34% -76.54% 46.21% 80.28%
Stocks
0.15% -1.06% 22.96% 49.45%
Preferred Stocks
0.11% 0.00% 54.19% 51.11%
Convertible Bonds
0.00% 0.00% 11.31% 90.56%
Other
-32.79% -32.79% 26.24% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High XFTFX % Rank
Utilities
0.00% 0.00% 100.00% 31.56%
Technology
0.00% 0.00% 48.41% 64.78%
Real Estate
0.00% 0.00% 100.00% 62.46%
Industrials
0.00% 0.00% 100.00% 29.57%
Healthcare
0.00% 0.00% 80.24% 67.44%
Financial Services
0.00% 0.00% 100.00% 72.43%
Energy
0.00% 0.00% 100.00% 18.94%
Communication Services
0.00% 0.00% 100.00% 68.11%
Consumer Defense
0.00% 0.00% 23.83% 61.46%
Consumer Cyclical
0.00% 0.00% 100.00% 70.43%
Basic Materials
0.00% 0.00% 100.00% 20.93%

Stock Geographic Breakdown

Weighting Return Low Return High XFTFX % Rank
US
0.15% -1.09% 22.23% 44.44%
Non US
0.00% 0.00% 4.62% 67.22%

Bond Sector Breakdown

Weighting Return Low Return High XFTFX % Rank
Corporate
67.75% 0.00% 96.88% 14.44%
Securitized
30.18% 0.00% 98.45% 28.89%
Cash & Equivalents
1.76% 0.28% 47.61% 92.50%
Government
0.30% 0.00% 99.36% 87.78%
Derivative
0.00% -1.18% 44.06% 75.56%
Municipal
0.00% 0.00% 36.36% 71.11%

Bond Geographic Breakdown

Weighting Return Low Return High XFTFX % Rank
US
118.99% 13.75% 140.38% 1.67%
Non US
11.21% -8.93% 74.05% 74.44%

Expenses

XFTFX - Expenses

Operational Fees

XFTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.73% 0.00% 76.93% 27.75%
Management Fee 0.50% 0.00% 2.25% 21.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.20% 0.01% 0.50% 78.33%

Sales Fees

XFTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

XFTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XFTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 198.44% 2.00% 899.00% 93.60%

Distributions

XFTFX - Distributions

Dividend Yield Analysis

XFTFX Category Low Category High XFTFX % Rank
Dividend Yield 2.57% 0.00% 6.32% 6.07%

Dividend Distribution Analysis

XFTFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

XFTFX Category Low Category High XFTFX % Rank
Net Income Ratio 4.97% 0.87% 10.10% 10.98%

Capital Gain Distribution Analysis

XFTFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

XFTFX - Fund Manager Analysis

Managers

Christopher Molumphy


Start Date

Tenure

Tenure Rank

Aug 26, 2003

16.36

16.4%

Christopher J. Molumphy, CFA, EVP, is chief investment officer of Franklin Templeton Fixed Income Group. Mr. Molumphy joined Franklin Templeton Investments as an analyst in 1988 and has served as a portfolio manager since 1991. Prior to assuming his current role in 2000, he served as director of Franklin's High Yield and Investment Grade teams since 1994. He holds a BA (Stanford Univ.) and an MBA (Univ. of Chicago). He is a member of the Security Analysts of San Francisco the CFA Institute, the Stanford Institute for Economic Policy Research(SIEPR), and the San Francisco Bond Club.

Roger Bayston


Start Date

Tenure

Tenure Rank

Aug 26, 2003

16.36

16.4%

Roger Bayston, CFA, is a senior vice president and a senior portfolio manager for Franklin Templeton Fixed Income Group. Mr. Bayston directs a staff performing research and trading responsibilities for government-, mortgage- and asset-backed securities. Before joining Franklin Templeton Investments in 1991, Mr. Bayston managed portfolios for Bankers Trust Company's Investment Management Group. Mr. Bayston holds a B.S. from the University of Virginia and an M.B.A. from the University of California at Los Angeles. He is a member of the Security Analysts of San Francisco and CFA Institute.

Eric Takaha


Start Date

Tenure

Tenure Rank

Aug 26, 2003

16.36

16.4%

Eric Takaha is a senior vice president and portfolio manager in the Franklin Templeton Fixed Income Group. He is the director of the Corporate & High Yield group and a member of the firm's Fixed Income Policy Committee ("FIPC"). His portfolio management duties include managing various fixed income funds, as well as Franklin's institutional high yield and global credit strategies. He joined Franklin Templeton in 1989. During the summer of business school, Mr. Takaha worked for Morgan Stanley in the equity research department in New York.

Richard Hsu


Start Date

Tenure

Tenure Rank

Nov 30, 2006

13.09

13.1%

Richard Hsu, CFA is a vice president, portfolio manager, and research analyst in the Franklin Templeton Fixed Income Group. He is also a member of the firm’s Fixed Income Policy Committee. Mr. Hsu assists in the managing of bank loan credit strategies and research for the Franklin Income strategy and other corporate credit products that have allocations to floating rate debt. Mr. Hsu joined the firm in 1996 and helped create the floating rate bank loan group in 1997. He earned a B.A. with honors and M.A. from Stanford University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.65 5.5 5.0