SOURCE: Franklin Templeton

Franklin Templeton

December 02, 2009 13:18 ET

Franklin Universal Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - December 2, 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 October 31, 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 October 31, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN UNIVERSAL TRUST ASSET ALLOCATION at October 31, 2009    
        MARKET       PERCENTAGE    
SECURITY       VALUE       OF FUND 1    
High Yield and Investment Grade Corporate Bonds & Preferred $ 142,598,701       72.8 %  
                     
Utilities Common and Preferred Stocks     $ 48,723,848       24.9 %  
                     
Other Investments     $ 900,761       0.5 %  
                     
Cash & Other Net Assets     $ 3,540,093       1.8 %  
                     
Total Investments 1, 2     $ 195,763,403      100.0 %  
        MARKET       PERCENTAGE    
10 LARGEST HOLDINGS BY ISSUER     VALUE       OF FUND 1    
Ford Motor Credit Co. LLC     $ 4,009,458       2.0 %  
Entergy Corp.     $ 3,836,000       2.0 %  
Charter Communications Holdings     $ 3,809,000       1.9 %  
Southern Co.     $ 3,742,800       1.9 %  
FPL Group Inc.     $ 3,682,500       1.9 %  
Centerpoint Energy Inc.     $ 3,485,160       1.8 %  
HCA Inc.     $ 3,461,751       1.8 %  
Dominion Resources Inc.     $ 3,409,000       1.7 %  
Exelon Corp.     $ 3,287,200       1.7 %  
GMAC LLC     $ 2,720,795       1.4 %  
                     
Total 2     $ 35,443,664       18.1 %  
% OF GROSS ASSETS IN DEFAULT:     MARKET       PERCENTAGE    
ISSUER 3       VALUE       OF FUND 1    
Atherton Franchise     $ 7,216       0.0 %  
Canwest Media Inc.     $ 1       0.0 %  
CCH I LLC     $ 164,000       0.1 %  
Charter Communications Holdings     $ 3,645,000       1.9 %  
Dex Media     $ 603,755       0.3 %  
Fontainebleau Las Vegas     $ 64,000       0.0 %  
Idearc Inc.     $ 99,000       0.1 %  
Station Casinos Inc.     $ 330,750       0.2 %  
                    
Total 2     $ 4,913,722       2.5 %  
                     
Note: The value of these defaulted securities is reflected in the Fund's net asset value.  Percentages are rounded.      
             
Number of positions           168        
NAV per share         $ 6.12  4    
Market price per share         $ 5.18  4    
Number of shares outstanding           25,131,894        
Asset coverage (Investment Company Act)         466.1 %      
Total net assets         $ 153,763,403        
                   
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