FTF - Franklin Ltd Duration Income Trust

What this means for you

Sit Investment owned more than 5% of this fund and has since sold down below that level, so it no longer has to report its holding.

Nothing is required of you. If a large investor buys in again, the notice appears here the day it is filed.

Email me if this changes

What happened, and when

1. April 4, 2024

   Sit Investment sold down below 5% and stopped reporting.

   Original document →

2. Feb 6, 2024

   Sit Investment now owns 5%, as a passive investor.

   Original document →

About this fund

• Run by Franklin Advisers, Inc. Part of the Franklin Templeton Group of Funds fund family. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Size: about $257 million of holdings, as of June 30, 2026. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 39% on top of its own money, as of June 30, 2026. Borrowed money makes gains and losses bigger. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1% a year in management fees; 3.7% a year in total, including interest on borrowed money. Fiscal year ended Dec 31, 2025. As of Dec 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Dec 31, 2025) the fund paid $0.74 a share. $0.53 of that was income; $0.21 was your own money back, not income. As of Dec 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Dec 31, 2025): $6.62. The shares traded at $6.15, about 7.1% below that. As of Dec 31, 2025, from the fund's yearly report. Original document →
  Over the last two years the gap ranged from 15.9% below to 4.4% below. As of Dec 31, 2024, from the fund's annual report. Original document →
• How the holdings did: up 2.1% over the last three months we have (April-June 2026), before the share price is taken into account. Over the last 12 months: +4.4%. As of June 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Dec 31, 2025): the value of the holdings returned +6.3%. How the share price did: the shares returned +4.1% over the same year, counting payouts and the change in the market price. As of Dec 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2003.

What the fund holds

Mostly bonds (40%), the rest loans, mortgage bonds and asset-backed bonds. About 85% issued in the U.S.

1. Cash and short-term - 5.1%
2. GNMA II, Single-family, 30 Year - 7.2%
3. FHLMC Pool, 30 Year - 3%
4. FNMA, 30 Year - 6%
5. FNMA or FHLMC, Uniform Mortgage-Backed Securities - 2.3%
6. Carlyle US CLO Ltd., Series 2017-2A, Class D1R2 - 0.8%
7. Carlyle US CLO Ltd., Series 2017-2AR, Class D1R3 - 0.8%
8. PHH Escrow Issuer LLC / PHH Corp. - 0.7%
9. Elmwood CLO 25 Ltd., Series 2024-1A, Class CR - 0.7%
10. Dexko Global, Inc. - 0.7%

As of June 30, 2026, from the fund's quarterly holdings report. Original document →