Franklin Templeton Limited Duration Income Trust Reports Asset Allocation


SAN MATEO, CA--(Marketwire - May 2, 2011) - Franklin Templeton Limited Duration Income Trust (NYSE Amex: FTF), a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE Amex closing price as of March 31, 2011.

Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: 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 $703 billion in assets under management as of March 31, 2011. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at MARCH 31, 2011
MARKETPERCENTAGE
SECTOR ALLOCATIONVALUE (Millions)OF FUND 1
High Yield Corporate Bonds & Preferred190.934.3%
Floating Rate Loans194.635.0%
Mortgage-Backed Securities121.921.9%
Other Asset-Backed Securities 228.25.1%
International Government Bonds (US$ and non-US$) 9.71.7%
Common Stock and Warrants0.20.0%
Cash & Other Net Assets10.41.9%
Total Assets 3$555.9100.0%
MARKETPERCENTAGE
TOP 10 INDUSTRIES 4VALUE (Millions)OF FUND 1
Energy35.86.4%
Healthcare Services35.26.3%
Info/Technology27.44.9%
Consumer Products25.34.6%
Chemicals23.94.3%
Financial Services22.64.1%
Gaming/Leisure21.43.9%
Pay TV21.43.9%
Media20.33.6%
Automotive18.23.3%
Total 3$251.445.2%
MARKETPERCENTAGE
10 LARGEST HOLDINGS BY ISSUERVALUE (Millions)OF FUND 1
Fannie Mae70.212.6%
Freddie Mac43.67.8%
Govt National Mtg Assn.8.11.5%
Harrahs Operating Escrow7.41.3%
UPCB Finance7.31.3%
Reynolds Group6.81.2%
Intelsat Jackson Holdings6.41.2%
Visant Corp.6.21.1%
Bank of America Corp.6.11.1%
Wachovia Bank Commerical5.51.0%
Total 3$167.630.2%
Number of positions384
NAV per share$14.00
Market price per share$13.14
Number of shares outstanding26,773,772
Total net assets$374,954,051
Weighted average duration (including leverage) 53 years
Fund leverage percentage 633%
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 Total figures may not represent exact sum of items as a result of rounding.
4 Top 10 industries for corporate bonds and floating rate loans.
5 Duration calculated using internal methodologies. Rounded to the nearest year.
6 Preferred shares issued by the Fund and mortgage dollar rolls used for leverage divided by total assets of the Fund.

Contact Information:

Contact:
Franklin Templeton Investments
Shareholders/Financial Advisors:
(800) 342-5236