Franklin Universal Trust Reports Asset Allocation
|From:||Franklin Advisers, Inc.|
San Mateo, CA, September 30, 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 August 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 Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series and Fiduciary Trust investment teams. The San Mateo, CA-based company has more than 50 years of investment experience and over $353 billion in assets under management as of August 31, 2004. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.
|FRANKLIN UNIVERSAL TRUST ASSET ALLOCATION @ 8/31/04|
|SECURITY||MARKET VALUE||PERCENTAGE OF FUND1|
|Utilities Common Stocks||$52,455,423||22.24%|
|Natural Resource Common Stocks||$2,034,916||0.86%|
|Misc. Common & Preferred Stocks||$7,176,079||3.04%|
|Foreign Denominated Corporate Bonds||$0||0.00%|
|Foreign Gov't U.S. Dollar Denominated Bonds||$8,932,384||3.79%|
|Foreign Government Agencies||$696,000||0.30%|
|Cash & Other Net Assets||$2,901,505||1.23%|
|TEN LARGEST HOLDINGS BY ISSUER||MARKET VALUE||PERCENTAGE OF FUND1|
|Republic of Bulgaria||$3,634,322||1.54%|
|Laidlaw Intl Inc.||$3,435,000||1.46%|
% OF GROSS ASSETS IN DEFAULT:
|MARKET VALUE||PERCENTAGE OF FUND1|
|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||$6.482|
|Market price per share||$5.652|
|Number of shares outstanding||27,924,294|
|Asset coverage (Investment Company Act)||428.82%|
|Total net assets||$180,850,398|
|1. Percentage of total assets of the fund(total net assets plus long term debt issued by the fund).|
|2. These figures are rounded to two decimal places.|