SOURCE: Franklin Templeton

Franklin Templeton

June 30, 2010 17:08 ET

Franklin Universal Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - June 30, 2010) -  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 May 31, 2010.

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 $572 billion in assets under management as of May 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN UNIVERSAL TRUST ASSET ALLOCATION at MAY 31, 2010
    MARKET       PERCENTAGE
SECURITY   VALUE       OF FUND 1
High Yield and Investment Grade Corporate Bonds & Preferred $ 139,967,994         70.4%
                 
Utilities Common and Preferred Stocks   $ 53,478,376         26.9%
                 
Other Investments   $ 2,523,249         1.3%
                 
Cash & Other Net Assets   $ 2,785,958         1.4%
Total Investments 1,2   $ 198,755,577         100.0%
    MARKET       PERCENTAGE
10 LARGEST HOLDINGS BY ISSUER   VALUE       OF FUND 1
Southern Co.   $ 3,924,000         2.0%
Dominion Resources Inc.   $ 3,896,000         2.0%
Centerpoint Energy Inc.   $ 3,767,292         1.9%
Entergy Corp.   $ 3,753,500         1.9%
Ford Motor Credit Co. LLC   $ 3,532,803         1.8%
HCA Inc.   $ 3,402,555         1.7%
GMAC LLC   $ 2,914,359         1.5%
Alliant Energy Corp.   $ 2,731,900         1.4%
Exelon Corp.   $ 2,702,000         1.4%
Duke Energy Corp.   $ 2,553,600         1.3%
Total 2   $ 33,178,009         16.7%
% OF GROSS ASSETS IN DEFAULT:   MARKET       PERCENTAGE
ISSUER3   VALUE       OF FUND 1
                 
Fontainebleau Las Vegas   $ 26,000         0.0%
Station Casinos Inc.   $ 93,500         0.0%
Total 2   $ 119,500         0.1%
Note: The value of these defaulted securities is reflected in the Fund's net asset value. Percentages are rounded.
                 
Number of positions           183    
NAV per share         $ 6.24  4  
Market price per share         $ 5.68  4  
Number of shares outstanding           25,131,894    
Total net assets         $ 156,755,576    
                 
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