SOURCE: Franklin Templeton

Franklin Templeton

April 30, 2010 19:35 ET

Franklin Universal Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - April 30, 2010) -  Franklin Universal Trust (NYSE: FT), a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE closing price as of March 31, 2010.

Franklin Advisers, Inc., is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $586 billion in assets under management as of March 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

 
       
FRANKLIN UNIVERSAL TRUST ASSET ALLOCATION at MARCH 31, 2010      
    MARKET   PERCENTAGE  
SECURITY   VALUE   OF FUND(1)
           
High Yield and Investment Grade Corporate Bonds & Preferred   $144,841,596   70.5%  
           
Utilities Common and Preferred Stocks   $56,216,924   27.4%  
           
Other Investments   $2,018,491   1.0%  
           
Cash & Other Net Assets   $2,425,829   1.2%  
           
Total Investments(1,2)   $205,502,840   100.0%  
           
    MARKET   PERCENTAGE  
10 LARGEST HOLDINGS BY ISSUER   VALUE   OF FUND(1)
           
Ford Motor Credit Co. LLC   $4,192,104   2.0%  
Dominion Resources Inc.   $4,111,000   2.0%  
Entergy Corp.   $4,067,500   2.0%  
Southern Co.   $3,979,200   1.9%  
Centerpoint Energy Inc.   $3,971,976   1.9%  
HCA Inc.   $3,512,886   1.7%  
Exelon Corp.   $3,066,700   1.5%  
GMAC LLC   $2,995,437   1.5%  
Alliant Energy Corp.   $2,827,100   1.4%  
Pinnacle West Capital Corp.   $2,641,100   1.3%  
           
Total(2)   $35,365,003   17.2%  
           
% OF GROSS ASSETS IN DEFAULT:   MARKET   PERCENTAGE  
ISSUER(3)   VALUE   OF FUND(1)
           
Fontainebleau Las Vegas   $26,000   0.0%  
Station Casinos Inc.   $88,563   0.0%  
           
Total(2)   $114,563   0.1%  
           
Note: The value of these defaulted securities is reflected in the Fund's net asset value. Percentages are rounded.    
           
Number of positions     176    
NAV per share     $ 6.51 (4)  
Market price per share     $ 5.93 (4)  
Number of shares outstanding     25,131,894    
Total net assets     $ 163,502,839    
           
(1) Percentage of total investments of the Fund. Total investments of the Fund include long-term and short-term investments and other net assets, excluding long-term debt issued by the Fund.  
(2) Total figures may not represent exact sum of items as a result of rounding.   
(3) Includes issuers that have defaulted or have missed scheduled bond payments.  
(4) These figures are rounded to two decimal places.  
   

Contact Information

  • Contact:
    Franklin Templeton Investments
    Shareholders/Financial Advisors: (800) 342-5236