Franklin Duration Income trustee files Form 3

Franklin Ltd Duration Income Trust has an initial insider ownership report on file from Ann Torre Bates, identified as a trustee.

Accepted by SEC EDGAR 08/03/2026 - 09:40 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Franklin Ltd Duration Income Trust has an initial insider ownership report on file from Ann Torre Bates, identified as a trustee. This Form 3 does not list any reportable holdings of common or derivative securities and shows no insider transactions, primarily establishing her insider reporting status.

Key Terms

Form 3, beneficial ownership, insider reporting obligations

3 terms

Form 3 regulatory

"Initial <b>Form 3</b> reporting beneficial ownership by an insider"

Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.

beneficial ownership regulatory

"An initial beneficial ownership report listing insider holdings"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

insider reporting obligations regulatory

"Establishing ongoing SEC insider reporting obligations"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 3 filed by Ann Torre Bates mean for FTF?

The Form 3 shows Ann Torre Bates is an insider of Franklin Ltd Duration Income Trust as a trustee. It is an initial beneficial ownership report and, in this case, lists no reportable holdings or transactions but establishes future SEC reporting obligations.

Did Ann Torre Bates report any share transactions in this Form 3 for FTF?

No, the Form 3 data for FTF shows zero reported transactions. The transaction summary reflects no purchases, sales, gifts, exercises, or restructurings, indicating the filing is purely an initial ownership statement without trading activity.

What role does Ann Torre Bates have with Franklin Ltd Duration Income Trust (FTF)?

Ann Torre Bates is identified as a trustee of Franklin Ltd Duration Income Trust. She is not flagged in the report as a director, officer, or 10% owner, but her trustee status makes her subject to SEC beneficial ownership reporting rules.

Does the Form 3 show any derivative securities held by Ann Torre Bates in FTF?

No, the Form 3 structured data for FTF shows no derivative positions. The derivative summary is empty, indicating no options, warrants, or other derivative securities are reported as beneficially owned in this initial statement.

What does a neutral net buy/sell direction indicate in the FTF Form 3?

The net buy/sell direction is reported as neutral, meaning there were no acquisitions or dispositions in this filing. With zero transactions recorded, the Form 3 simply establishes insider status rather than disclosing recent trading activity.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Bates Ann Torre

(Last) (First) (Middle)

300 S.E. 2ND STREET

(Street)

FORT LAUDERDALE FLORIDA 33301

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
08/01/2026

3. Issuer Name and Ticker or Trading Symbol
FRANKLIN LTD DURATION INCOME TRUST [ FTF ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Trustee

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

No securities are beneficially owned.

	Patrick DeLoia, Attorney-In-Fact	08/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)