Franklin Limited Duration Income Trust Announces Upcoming Portfolio Management Team Change
July 24 2019 - 10:00AM
Franklin Limited Duration Income Trust [NYSE American:FTF] (CUSIP
35472T101), a closed-end investment company managed by Franklin
Advisers, Inc., has announced that, effective October 15, 2019, the
Fund will shift to a team-based approach with David Yuen, CFA® to
join the Fund’s portfolio management team and serve as a co-lead
portfolio manager alongside Sonal Desai, Ph.D., Glenn Voyles, CFA®
and Justin Ma, CFA®, who are current members of the Fund’s
portfolio management team.
The Fund’s current lead portfolio manager Roger Bayston, CFA®,
will come off the Fund’s portfolio management team effective
October 15, 2019, to focus on his new role leading Franklin
Templeton Fixed Income Group’s Quantitative and Fintech Strategies
team.
You may request a copy of the Fund's current Report to
Shareholders by contacting Franklin Templeton’s Fund Information
Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting
franklintempleton.com. All investments involve risks, including
possible loss of principal. Interest rate movements and mortgage
prepayments will affect the Fund's share price and yield. Bond
prices generally move in the opposite direction of interest rates.
As the prices of bonds in a fund adjust to a rise in interest
rates, the fund’s share price may decline. Investments in
lower-rated bonds include higher risk of default and loss of
principal. The Fund is actively managed but there is no
guarantee that the manager's investment decisions will produce the
desired results. For portfolio management discussions, including
information regarding the Fund’s investment strategies, please view
the most recent Annual or Semi-Annual Report to Shareholders which
can be found at franklintempleton.com or sec.gov.
Franklin Resources, Inc. [NYSE:BEN] is a global investment
management organization operating as Franklin Templeton. Franklin
Templeton’s goal is to deliver better outcomes by providing global
and domestic investment management to retail, institutional and
sovereign wealth clients in over 170 countries. Through specialized
teams, the company has expertise across all asset classes,
including equity, fixed income, alternatives and custom multi-asset
solutions. The company’s more than 600 investment professionals are
supported by its integrated, worldwide team of risk management
professionals and global trading desk network. With employees in
over 30 countries, the California-based company has more than 70
years of investment experience and over US$715 billion in assets
under management as of June 30, 2019. For more information, please
visit franklintempleton.com.
FROM: Franklin TempletonShareholders/Financial Advisors:
(800) 342-5236Media: Becky Radosevich at (212) 632-3207
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