Franklin Universal Trust Overview
Pro stress-test →Franklin Universal Trust is a closed-end management investment company that provides high current income consistent with preservation of capital by investing primarily in high yield bonds and utility stocks. The fund is managed by Franklin Advisers, Inc., a subsidiary of Franklin Resources, Inc.
Strategic Profile
Pro stress-test →The fund's strategy focuses on generating ongoing distributions for shareholders through regular monthly distributions sourced from net investment income, and at times from net realized short-term capital gains and return of capital. As a closed-end fund trading on the NYSE, FT shares may trade at a discount or premium to net asset value, which can increase an investor's risk of loss.
Competitive Landscape
Pro stress-test →Key competitors in the closed-end fund space include Pioneer Municipal High Yield Income Fund (MAV), Western Asset Global High Income (EHI), RiverNorth/DoubleLine Strategic Opportunity Fund (OPP), BNY Mellon High Yield Strategies Fund (DHF), and Lazard Global Total Return & Income Fund (LGI). FT differentiates through its balance of high-yield bonds and utility stock exposure with consistent monthly distributions.
Industry Context
Franklin Universal Trust operates in Asset Management / Closed-End Funds.
Key facts
Founded: 1988 · Headquarters: San Mateo, US · Market cap: $208.2M