SOURCE: Franklin Templeton

Franklin Templeton

November 03, 2009 12:25 ET

Franklin Universal Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - November 3, 2009) -  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 September 30, 2009.

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 $523 billion in assets under management as of September 30, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN UNIVERSAL TRUST ASSET ALLOCATION at September 30, 2009
      MARKET   PERCENTAGE
SECURITY     VALUE   OF FUND 1
         
High Yield and Investment Grade Corporate Bonds & Preferred $ 142,363,831     73.0 %
               
Utilities Common and Preferred Stocks     $ 50,309,611     25.8 %
               
Other Investments     $ 917,306     0.5 %
               
Cash & Other Net Assets    $ 1,508,449     0.8 %
           
Total Investments 1,2     $ 195,099,197       100.0 %
                 
MARKET   PERCENTAGE
10 LARGEST HOLDINGS BY ISSUER     VALUE     OF FUND 1
         
FPL Group Inc.     $ 4,142,250     2.1 %
Entergy Corp.     $ 3,993,000     2.0 %
Ford Motor Credit Co. LLC     $ 3,984,186     2.0%
Southern Co.     $ 3,800,400     1.9 %
Charter Communications Holdings     $ 3,542,000     1.8 %
Exelon Corp.     $ 3,473,400     1.8 %
Dominion Resources Inc.     $ 3,450,000     1.8 %
Centerpoint Energy Inc.     $ 3,438,138     1.8 %
HCA Inc.     $ 3,326,918     1.7 %
GMAC LLC     $ 2,649,570     1.4 %
           
Total 2     $ 35,799,862       18.3 %
     
  MARKET     PERCENTAGE
% OF GROSS ASSETS IN DEFAULT: ISSUER3     VALUE     OF FUND 1
         
Atherton Franchise     $ 7,216     0.0 %
Canwest Media Inc.     $ 1,580,000     0.8 %
CCH I LLC     $ 152,000     0.1 %
Charter Communications Holdings     $ 3,390,000     1.7 %
Dex Media     $ 549,915     0.3 %
Fontainebleau Las Vegas     $ 52,000     0.0 %
Idearc Inc.     $ 90,000    0.0 %
Nortel Networks     $ 287,500     0.1 %
Station Casinos Inc.     $ 387,500     0.2 %
           
Total 2     $ 6,496,131     3.3 %
Note: The value of these defaulted securities is reflected in the Fund's net asset value.  Percentages are rounded.  
               
   
Number of positions           163  
NAV per share         $ 6.094
Market price per share         $ 5.464
Number of shares outstanding           25,131,894  
Asset coverage (Investment Company Act)         464.5 %  
Total net assets         $ 153,099,197  
             
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
    Media: (650) 312-2245