First Trust Portfolios LP Amends FLT Stake, Files SC 13G/A
Ticker: FTF · Form: SC 13G/A · Filed: Jan 17, 2024 · CIK: 1233087
| Field | Detail |
|---|---|
| Company | Franklin Ltd Duration Income Trust (FTF) |
| Form Type | SC 13G/A |
| Filed Date | Jan 17, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, closed-end-fund
TL;DR
**First Trust Portfolios LP just updated their stake in Franklin Limited Duration Income Trust.**
AI Summary
First Trust Portfolios LP filed an amended Schedule 13G/A on January 17, 2024, indicating their ownership in Franklin Limited Duration Income Trust (FLT) as of December 31, 2023. This filing, Amendment No. 21, updates their previous disclosures regarding their stake in the company. For investors, this matters because it provides transparency into significant institutional holdings, which can influence stock stability and investor confidence.
Why It Matters
This filing shows that First Trust Portfolios LP continues to be a significant institutional holder in Franklin Limited Duration Income Trust, providing insight into major investor positions.
Risk Assessment
Risk Level: low — This is a routine amendment filing, not indicating any immediate negative or positive event, but rather an update on an existing institutional holding.
Analyst Insight
Investors should note that a major institutional investor, First Trust Portfolios LP, continues to hold a position in Franklin Limited Duration Income Trust, which can be a sign of long-term confidence, but this specific filing does not indicate a change in sentiment.
Key Numbers
- 35472T101 — CUSIP Number (identifies the Common stock of Franklin Limited Duration Income Trust)
- 005-82397 — SEC File Number (identifies the subject company's registration with the SEC)
- 21 — Amendment Number (indicates this is the 21st amendment to the original Schedule 13G filing by First Trust Portfolios LP)
Key Players & Entities
- First Trust Portfolios LP (company) — the entity filing the SC 13G/A, reporting its ownership
- Franklin Limited Duration Income Trust (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 17, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 21 (number) — the specific amendment number of this filing
Forward-Looking Statements
- First Trust Portfolios LP will maintain a significant stake in Franklin Limited Duration Income Trust. (First Trust Portfolios LP) — medium confidence, target: Q2 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, specifically Amendment No. 21, filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is First Trust Portfolios LP, with a Central Index Key (CIK) of 0001184765, located at 120 East Liberty Drive, Suite 400, Wheaton, IL 60187.
What is the subject company of this filing?
The subject company is Franklin Limited Duration Income Trust, with a CIK of 0001233087, located at One Franklin Parkway, San Mateo, CA 94403-1906.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as stated in the filing.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common class of securities of Franklin Limited Duration Income Trust is 35472T101, as indicated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 17, 2024 regarding FRANKLIN LTD DURATION INCOME TRUST (FTF).