SOURCE: Franklin Templeton

Franklin Templeton

December 01, 2010 12:19 ET

Franklin Universal Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - December 1, 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 October 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 $664 billion in assets under management as of October 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN UNIVERSAL TRUST ASSET ALLOCATION at OCTOBER 31, 2010      
SECURITY   MARKET VALUE       PERCENTAGE OF FUND 1
             
High Yield and Investment Grade Corporate Bonds & Preferred   $146,677,250       67.9%
             
Utilities Common and Preferred Stocks   $61,456,243       28.5%
             
Other Investments   $2,063,010       1.0%
             
Cash & Other Net Assets   $5,758,616       2.7%
             
Total Investments 1,2   $215,955,119       100.0%
             
10 LARGEST HOLDINGS BY ISSUER   MARKET VALUE       PERCENTAGE OF FUND 1
             
Centerpoint Energy Inc.   $4,580,496       2.1%
Southern Co.   $4,544,400       2.1%
Dominion Resources Inc.   $4,346,000       2.0%
HCA Inc.   $3,726,840       1.7%
Entergy Corp.   $3,726,500       1.7%
Alliant Energy Corp.   $3,105,050       1.4%
Duke Energy Corp.   $2,913,600       1.3%
Pinnacle West Capital Corp.   $2,881,200       1.3%
Exelon Corp.   $2,857,400       1.3%
American Electric Power Co Inc.   $2,808,000       1.3%
             
Total 2   $35,489,486       16.4%
             
% OF GROSS ASSETS IN DEFAULT:   MARKET VALUE       PERCENTAGE OF FUND 1
ISSUER 3  
             
Fontainebleau Las Vegas   $12,592       0.0%
Station Casinos Inc.   $403       0.0%
Radio One   $1,440,750       0.7%
             
Total 2   $1,453,745       0.7%
Note: The value of these defaulted securities is reflected in the Fund's net asset value. Percentages are rounded.
             
Number of positions       204    
NAV per share       $ 6.92   4
Market price per share       $ 6.57   4
Number of shares outstanding       25,131,894    
Total net assets       $ 173,955,120    
             
1 Percentage of total investments of the Fund. Total investments of the Fund include longterm and shortterm investments and other net assets, excluding longterm 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