]> Press Releases--Closed-End Funds, Franklin Universal Trust Reports Asset Allocation
tagline

Franklin Universal Trust Reports Asset Allocation

From: Franklin Advisers, Inc.
Contact: Matt Walsh
Telephone:(650) 312-2245

San Mateo, CA, June 28, 2002 -- 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, 2002.

Franklin Advisers, Inc. is a wholly owned subsidiary of Franklin Resources, Inc. [NYSE:BEN], a global investment organization operating as Franklin Templeton Investments. Franklin Templeton provides global and domestic investment management services through its Franklin, Templeton, Mutual Series and Fiduciary Trust subsidiaries. The San Mateo, CA-based company has over 50 years of investment experience and more than $278 billion in assets under management as of May 31, 2002. For more information, please call 1-800-DIAL BEN®.

 

FRANKLIN UNIVERSAL TRUST (002) ASSET ALLOCATION @ 05/31/02

SECURITY MARKET VALUE PERCENTAGE OF FUND
 
Corporate Bonds $165,833,402 65.76%
Convertible Bonds $1,132,650 0.45%
Utilities Stocks $50,250,499 19.92%
Natural Resources Equities & Preferred Stocks $1,575,747 0.62%
Misc. Equities & Preferred Stocks $11,789,805 4.67%
Foreign Denominated Corporate Bonds $0 0.00%
Foreign Gov't U.S. Dollar Denominated Bonds $13,875,320 5.50%
Foreign Government Agencies $428,069 0.17%
Cash & Equivalents $7,351,380 2.91%
========================= ============ ============
Total Gross Market Value $255,236,872 100.00%
TEN LARGEST HOLDINGS MARKET VALUE PERCENTAGE OF FUND
 
Republic of Brazil $6,800,000 2.70%
Riverwood International $5,225,000 2.07%
Station Casinos $5,175,000 2.05%
Nortek Inc. $5,128,750 2.03%
FPL Group $5,039,200 2.00%
Charter Communications $5,004,375 1.98%
Echostar Broadband $4,736,250 1.88%
DTE Energy $4,680,000 1.86%
Anchor Glass $4,546,500 1.80%
Exelon Corp. $4,279,200 1.70%
========================= ============ ============
Total $50,614,275 20.07%
% OF GROSS ASSETS IN DEFAULT ISSUER MARKET VALUE PERCENTAGE OF FUND
 
Ameriserve Food $1,520 0.00%
Anchor Glass $4,546,500 1.80%
Family Restaurants $50,000 0.02%
Metrocall $45,000 0.02%
Pindo Deli $615,000 0.24%
Poland Telecom $300 0.00%
PSINet $414,750 0.16%
Sheffield Steel $510,000 0.20%
XO Communications $240,000 0.10%
Williams Communications $168,000 0.07%
========================= ============ ============
Total $6,591,070 2.61%
Note: The value of these defaulted securities is reflected in the fund's net asset value. All percentages are rounded to two decimal places.
============================== ==============================
 
Number of Positions 128
NAV per share $6.46 (a)
Market price per share $8.35 (a)
Number of shares outstanding 27,476,257
Asset coverage (Investment Company Act) 334.05%
Total net assets $177,378,570
(a) These figures are rounded to two decimal places.