Franklin Universal Trust Reports Asset Allocation

 | Source: Franklin Templeton Franklin Templeton

SAN MATEO, CA--(Marketwire - September 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 July 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 $602 billion in assets under management as of July 31, 2010. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN UNIVERSAL TRUST ASSET ALLOCATION at JULY 31, 2010
    MARKET       PERCENTAGE
SECURITY   VALUE       OF FUND 1
High Yield and Investment Grade Corporate Bonds & Preferred   $144,573,469       69.7%
             
Utilities Common and Preferred Stocks   $57,161,858       27.5%
             
Other Investments   $2,331,462       1.1%
             
Cash & Other Net Assets   $3,487,283       1.7%
Total Investments 1,2   $207,554,072       100.0%
    MARKET       PERCENTAGE
10 LARGEST HOLDINGS BY ISSUER   VALUE       OF FUND 1
Southern Co.   $4,239,600       2.0%
Dominion Resources Inc.   $4,199,000       2.0%
Centerpoint Energy Inc.   $3,936,018       1.9%
Entergy Corp.   $3,875,500       1.9%
HCA Inc.   $3,600,208       1.7%
Alliant Energy Corp.   $2,937,600       1.4%
Exelon Corp.   $2,928,100       1.4%
Duke Energy Corp.   $2,736,000       1.3%
American Electric Power Co Inc.   $2,698,500       1.3%
Pinnacle West Capital Corp.   $2,666,300       1.3%
Total 2   $33,816,826       16.3%
% OF GROSS ASSETS IN DEFAULT:   MARKET       PERCENTAGE
ISSUER3   VALUE       OF FUND 1
             
Fontainebleau Las Vegas   $12,000       0.0%
Station Casinos Inc.   $1,701,065       0.8%
Total 2   $1,713,065       0.8%
             
Note: The value of these defaulted securities is reflected in the Fund's net asset value. Percentages are rounded.
             
Number of positions       187    
NAV per share       $ 6.59    4
Market price per share       $ 6.30    4
Number of shares outstanding       25,131,894    
Total net assets       $ 165,554,071    
             
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

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