FRANKLIN LTD DURATION INCOME TRUST

Franklin Limited Duration Income Trust is a closed-end fixed income mutual fund launched and managed by Franklin Resources, Inc. through its subsidiary Franklin Advisers, Inc. The fund invests exclusively in U.S. fixed income markets, with a portfolio focused on mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds. The fund employs a combination of top-down and bottom-up security selection based on fundamental analysis to construct its investment portfolio.

Established in August 2003 and domiciled in the United States, the fund generates revenue through management fees charged to investors. As a closed-end fund structure, it raises capital through an initial public offering and trades on the New York Stock Exchange under the ticker FTF. The fund's asset base reflects its market capitalization of approximately $200 million. Franklin Resources, the parent company headquartered in San Mateo, California, is a diversified global asset management firm that oversees the fund's operations and investment strategy across its fixed income mandate.