Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc.
Share Price & News
How has Franklin Limited Duration Income Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FTF has not had significant price volatility in the past 3 months.
7 Day Return
US Capital Markets
1 Year Return
US Capital Markets
Return vs Industry: FTF underperformed the US Capital Markets industry which returned 12% over the past year.
Return vs Market: FTF underperformed the US Market which returned 14% over the past year.
Price Volatility Vs. Market
How volatile is Franklin Limited Duration Income Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Franklin Limited Duration Income Trust undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FTF ($9.66) is trading above our estimate of fair value ($5.22)
Significantly Below Fair Value: FTF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FTF is good value based on its PE Ratio (21x) compared to the Capital Markets industry average (33.4x).
PE vs Market: FTF is poor value based on its PE Ratio (21x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FTF's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: FTF is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (6.6x).
How is Franklin Limited Duration Income Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Franklin Limited Duration Income Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Franklin Limited Duration Income Trust performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FTF has high quality earnings.
Growing Profit Margin: FTF's current net profit margins (66.3%) are higher than last year (4.9%).
Past Earnings Growth Analysis
Earnings Trend: FTF's earnings have declined by -1% per year over the past 5 years.
Accelerating Growth: FTF's earnings growth over the past year (1454.6%) exceeds its 5-year average (-1% per year).
Earnings vs Industry: FTF earnings growth over the past year (1454.6%) exceeded the Capital Markets industry 8.4%.
Return on Equity
High ROE: FTF's Return on Equity (4.6%) is considered low.
Return on Assets
Return on Capital Employed
How is Franklin Limited Duration Income Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: FTF has a low level of unsold assets or inventory.
Debt Coverage by Assets: FTF's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: FTF's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if FTF has a sufficient allowance for bad loans.
Low Risk Liabilities: FTF reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if FTF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FTF has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if FTF has an appropriate level of bad loans.
What is Franklin Limited Duration Income Trust's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Franklin Limited Duration Income Trust before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FTF's dividend (10.61%) is higher than the bottom 25% of dividend payers in the US market (1.48%).
High Dividend: FTF's dividend (10.61%) is in the top 25% of dividend payers in the US market (3.77%)
Stability and Growth of Payments
Stable Dividend: FTF's dividend payments have been volatile in the past 10 years.
Growing Dividend: FTF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (236.8%), FTF's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Franklin Limited Duration Income Trust has no CEO, or we have no data on them.
|Independent Trustee||14.7yrs||US$3.10k||no data|
|Independent Trustee||13.1yrs||US$3.05k||no data|
|Independent Trustee||12.8yrs||US$3.05k||no data|
|Independent Trustee||17.1yrs||US$3.05k||no data|
|Independent Trustee||12.8yrs||US$3.05k||no data|
|Independent Trustee||10.2yrs||US$3.10k||no data|
Experienced Board: FTF's board of directors are seasoned and experienced ( 13 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.2%.
Franklin Limited Duration Income Trust's company bio, employee growth, exchange listings and data sources
- Name: Franklin Limited Duration Income Trust
- Ticker: FTF
- Exchange: AMEX
- Founded: 2003
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$218.243m
- Shares outstanding: 22.60m
- Website: https://www.franklintempleton.com/investor/products/mutual-funds/overview?FundID=3637
- Franklin Limited Duration Income Trust
- One Franklin Parkway
- Suite 2100
- San Mateo
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|FTF||AMEX (NYSE MKT LLC)||Yes||Common Shares||US||USD||Aug 2003|
Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc. The fund is managed by Franklin Advisers, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds. It employs fundamental analysis with a combination of top-down and bottom-up security selection process to create its portfolio. The fund was formerly known as Franklin Templeton Limited Duration Income Trust. Franklin Limited Duration Income Trust was formed on August 27, 2003 and is domiciled in the United States.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 01:05|
|End of Day Share Price||2020/02/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.