Franklin Universal Trust (FT) NYSE

7.90

-0.03(-0.38%)

Updated at August 22 03:59PM

Currency In USD

Franklin Universal Trust

Address

One Franklin Parkway

San Mateo, CA 94403-1906

United States of America

Phone

650-312-3000

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

September 26, 1988

Key Executives

NameTitlePayYear Born
Mr. Rupert Harris Johnson Jr.Chairman and Senior Vice President01940
Mr. Glenn I. Voyles C.F.A.Portfolio Manager0N/A

Description

Franklin Universal Trust is a closed-ended balanced mutual fund launched by Franklin Resources, Inc. The fund is managed by Franklin Advisers, Inc. It invests in the public equity and fixed income markets of the United States. The fund invests in companies operating in utility sector. It employs fundamental analysis to invest in a diversified portfolio of corporate bonds and dividend paying utility stocks. The fund benchmarks the equity component of its balanced portfolio against the S&P 500 Electric Utilities Index and the fixed component against the Credit Suisse High Yield. Franklin Universal Trust was formed on September 23, 1988 and is domiciled in the United States.