SOURCE: Franklin Templeton

Franklin Templeton

August 31, 2009 20:00 ET

Franklin Universal Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - August 31, 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 July 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 $482 billion in assets under management as of July 31, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN UNIVERSAL TRUST ASSET ALLOCATION at July 31, 2009  
   
SECURITY     MARKET VALUE   PERCENTAGE OF FUND 1  
High Yield and Investment Grade Corporate Bonds & Preferred     $ 135,752,211   72.1 %
             
Utilities Common and Preferred Stocks     $ 49,131,050   26.1 %
             
Other Investments     $ 1,217,215   0.6 %
             
Cash & Other Net Assets     $ 2,082,763   1.1 %
Total Investments 1,2     $ 188,183,239   100.0 %
               
               
10 LARGEST HOLDINGS BY ISSUER     MARKET VALUE   PERCENTAGE OF FUND 1  
FPL Group Inc.     $ 4,250,250   2.3 %
Entergy Corp.     $ 4,016,500   2.1 %
Ford Motor Credit Co. LLC     $ 3,896,230   2.1 %
Southern Co.     $ 3,768,000   2.0 %
Exelon Corp.     $ 3,560,200   1.9 %
Dominion Resources Inc.     $3,380,000   1.8 %
HCA Inc.     $ 3,329,545   1.8 %
Charter Communications Holdings     $ 3,328,000   1.8 %
Centerpoint Energy Inc.     $ 2,730,530   1.5 %
Edison International     $ 2,677,160   1.4 %
Total 2     $ 34,936,415   18.6 %
               
               
% OF GROSS ASSETS IN DEFAULT: ISSUER3     MARKET VALUE   PERCENTAGE OF FUND 1  
Atherton Franchise     $ 7,216   0.0 %
Canwest Media Inc.     $ 1,010,000   0.5 %
CCH I LLC     $ 103,000   0.1 %
Charter Communications Holdings     $ 3,225,000   1.7 %
Dex Media     $ 561,625   0.3 %
Fontainebleau Las Vegas     $ 56,000   0.0 %
Idearc Inc.     $ 121,875   0.1 %
Nortel Networks     $ 885,000   0.5 %
Station Casinos Inc.     $ 361,500   0.2 %
Total 2     $ 6,331,216   3.4 %
Note: The value of these defaulted securities is reflected in the Fund's net asset value.  Percentages are rounded.
            
             
Number of positions       151    
NAV per share       $ 5.82 4  
Market price per share       $ 5.00 4  
Number of shares outstanding       25,131,894    
Asset coverage (Investment Company Act)       448.1%    
Total net assets       $ 146,183,239    
           
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