Franklin Universal Trust Reports Asset Allocation
|From:||Franklin Advisers, Inc.|
San Mateo, CA, February 27, 2004 -- 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 January 31, 2004.
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 $343 billion in assets under management as of January 31, 2004. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.
FRANKLIN UNIVERSAL TRUST (002) ASSET ALLOCATION @ 1/31/04
|SECURITY||MARKET VALUE||PERCENTAGE OF FUND|
|Natural Resources Equities & Preferred Stocks||$2,149,542||0.92%|
|Misc. Equities & Preferred Stocks||$9,757,130||4.15%|
|Foreign Denominated Corporate Bonds||$0||0.00%|
|Foreign Gov't U.S. Dollar Denominated Bonds||$8,885,794||3.78%|
|Foreign Government Agencies||$640,158||0.27%|
|Total Gross Market Value||$234,903,483||100.00%|
|TEN LARGEST HOLDINGS||MARKET VALUE||PERCENTAGE OF FUND|
|United Mexican States||$3,918,750||1.67%|
|Republic of Bulgaria||$3,703,600||1.58%|
|Magellan Health Services||$3,607,360||1.54%|
% OF GROSS ASSETS IN DEFAULT:
|MARKET VALUE||PERCENTAGE OF FUND|
|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||135|
|NAV per share||$6.48 (a)|
|Market price per share||$5.94 (a)|
|Number of shares outstanding||27,924,294|
|Asset coverage (Investment Company Act)||447.82%|
|Total net assets||$180,866,305|
|(a) These figures are rounded to two decimal places.|