SOURCE: Franklin Templeton

Franklin Templeton

July 02, 2012 19:45 ET

Franklin Universal Trust Reports Asset Allocation

SAN MATEO, CA--(Marketwire - Jul 2, 2012) - 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, 2012. 

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 $683 billion in assets under management as of May 31, 2012. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

   
   
FRANKLIN UNIVERSAL TRUST ASSET ALLOCATION at MAY 31, 2012  

SECURITY
  MARKET
VALUE
      PERCENTAGE
OF FUND 1
 
High Yield and Investment Grade Corporate Bonds & Preferred Securities   $ 149,824,449         67.1 %
                   
Utilities - Common & Preferred Stocks   $ 68,123,129         30.5 %
                   
Other Investments   $ 558,560         0.3 %
                   
Cash & Other Net Assets   $ 4,782,303         2.1 %
Total Investments 1,2   $ 223,288,441         100.0 %
10 LARGEST HOLDINGS BY ISSUER   MARKET
VALUE
      PERCENTAGE
OF FUND 1
 
Dominion Resources Inc.   $ 5,206,000         2.3 %
Southern Co.   $ 4,981,235         2.2 %
Duke Energy Corp.   $ 3,516,800         1.6 %
Pinnacle West Capital Corp.   $ 3,456,600         1.5 %
Centerpoint Energy Inc.   $ 3,435,054         1.5 %
Edison International   $ 3,372,000         1.5 %
Nextera Energy Inc.   $ 3,267,000         1.5 %
Sempra Energy   $ 3,250,500         1.5 %
Entergy Corp.   $ 3,226,500         1.4 %
Alliant Energy Corp.   $ 3,185,001         1.4 %
Total 2   $ 36,896,690         16.5 %
% OF GROSS ASSETS IN DEFAULT: ISSUER3   MARKET
VALUE
      PERCENTAGE
OF FUND 1
 
American Airlines   $ 1,092,000         0.5 %
Fontainebleau Las Vegas   $ 1,000         0.0 %
Newpage Corp.   $ 937,500         0.4 %
Total 2   $ 2,030,500         0.9 %
Note: The value of these defaulted securities is reflected in the Fund's net asset value. Percentages are rounded.      
                   
Number of positions           232      
NAV per share         $ 7.21   4  
Market price per share         $ 6.91   4  
Number of shares outstanding           25,131,894      
Total net assets         $ 181,288,441      
                   
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