SOURCE: Franklin Templeton

Franklin Templeton

October 02, 2009 17:31 ET

Franklin Universal Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - October 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 August 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 $495 billion in assets under management as of August 31, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

  FRANKLIN UNIVERSAL TRUST ASSET ALLOCATION at August 31, 2009  
 
        MARKET   PERCENTAGE
  SECURITY     VALUE   OF FUND 1
       
  High Yield and Investment Grade Corporate Bonds & Preferred $ 136,126,685       72.0 %
                   
  Utilities Common and Preferred Stocks     $ 49,503,786       26.2 %
                   
  Other Investments     $ 914,000       0.5 %
                  
  Cash & Other Net Assets     $ 2,522,285       1.3 %
               
  Total Investments 1,2     $ 189,066,756       100.0 %
                 
        MARKET       PERCENTAGE  
  10 LARGEST HOLDINGS BY ISSUER   VALUE       OF FUND 1  
               
  FPL Group Inc.     $ 4,213,500       2.2 %
  Entergy Corp.    $ 3,950,000       2.1 %
  Ford Motor Credit Co. LLC     $ 3,841,638       2.0 %
  Southern Co.     $ 3,744,000       2.0 %
  Exelon Corp.     $ 3,501,400       1.9 %
  Charter Communications Holdings     $ 3,464,750       1.8 %
  Dominion Resources Inc.     $ 3,308,000       1.7 %
  HCA Inc.     $ 3,251,638       1.7 %
  Centerpoint Energy Inc.     $ 2,809,840       1.5 %
  Ameren Corp.     $ 2,599,072       1.4 %
              
  Total 2     $ 34,683,838       18.3 %
               
  % OF GROSS ASSETS IN DEFAULT:   MARKET       PERCENTAGE  
  ISSUER3     VALUE       OF FUND 1  
             
  Atherton Franchise     $ 7,216       0.0 %
  Canwest Media Inc.     $ 1,095,000       0.6 %
  CCH I LLC     $ 116,000       0.1%
  Charter Communications Holdings     $ 3,348,750       1.8 %
  Dex Media     $ 634,175       0.3 %
  Fontainebleau Las Vegas     $ 64,000       0.0 %
  Idearc Inc.     $ 146,250       0.1 %
  Nortel Networks     $ 935,000       0.5 %
  Station Casinos Inc.     $ 399,875       0.2 %
               
  Total 2     $ 6,746,266       3.6 %
  Note: The value of these defaulted securities is reflected in the Fund's net  asset value.  Percentages are rounded.    
                    
           
  Number of positions           157      
  NAV per share         $ 5.85 4  
  Market price per share         $ 5.08 4  
  Number of shares outstanding           25,131,894      
  Asset coverage (Investment Company Act)         450.2 %    
  Total net assets         $ 147,066,756      
                   
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