SOURCE: Franklin Templeton

Franklin Templeton

August 03, 2009 15:35 ET

Franklin Universal Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - August 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 June 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 $451 billion in assets under management as of June 30, 2009.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

             
    FRANKLIN UNIVERSAL TRUST ASSET ALLOCATION at June 30, 2009        
             
                     
            MARKET     PERCENTAGE  
    SECURITY       VALUE     OF FUND 1  
                     
                     
    High Yield and Investment Grade Corporate Bonds & Preferred $ 126,461,458     71.0 %
                     
    Utilities Common and Preferred Stocks      $ 47,462,726     26.6 %
                     
    Other Investments      $ 1,189,025     0.7 %
                     
    Cash & Other Net Assets      $ 3,050,541     1.7 %
                     
                     
    Total Investments 1,2      $ 178,163,750     100.0 %
                     
                     
            MARKET     PERCENTAGE  
    10 LARGEST HOLDINGS BY ISSUER     VALUE     OF FUND 1  
                   
                     
    FPL Group Inc.      $ 4,264,500     2.4 %
    Entergy Corp.      $ 3,876,000     2.2 %
    Southern Co.     $ 3,739,200     2.1 %
    Exelon Corp.     $ 3,584,700     2.0 %
    Ford Motor Credit Co. LLC     $ 3,573,462     2.0 %
    Dominion Resources Inc.     $ 3,342,000     1.9 %
    Charter Communications Holdings     $ 3,280,000     1.8 %
    HCA Inc.       $ 3,074,368     1.7 %
    Edison International     $ 2,599,980     1.5 %
    Centerpoint Energy Inc.      $ 2,510,728     1.4 %
                     
                     
    Total 2       $ 33,844,938     19.0 %
                       
                     
    % OF GROSS ASSETS IN DEFAULT:   MARKET     PERCENTAGE  
    ISSUER 3       VALUE     OF FUND 1  
                     
                     
    Atherton Franchise     $ 7,216     0.0 %
    Canwest Media Inc.     $ 600,000     0.3 %
    CCH I LLC       $ 100,000     0.1 %
    Charter Communications Holdings     $ 3,180,000     1.8 %
    Dex Media       $ 471,510     0.3 %
    Fontainebleau Las Vegas     $ 68,000     0.0 %
    Idearc Inc.      $ 78,125     0.0 %
    Nortel Networks      $ 700,000     0.4 %
    Station Casinos Inc.     $ 423,500     0.2 %
                     
                 
    Total 2       $ 5,628,351     3.2 %
    Note: The value of these defaulted securities is reflected in the Fund's net asset value.  Percentages are rounded.      
                     
                     
                     
    Number of positions       146      
    NAV per share       $ 5.42   4  
    Market price per share       $ 4.68   4  
    Number of shares outstanding       25,131,894      
    Asset coverage (Investment Company Act)       424.2 %    
    Total net assets       $ 136,163,750      
                   
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