Franklin Universal Trust: Utilities And High Yield Under One CEF Roof [Seeking Alpha]
Franklin Universal Trust (FT)
US:NYSE Investor Relations:
franklintempleton.com/investor/resources/lit/info/fut-a&role=investor
Company Research
Source: Seeking Alpha
FT utilizes borrowings based on a fixed-rate, which recently matured and needed to be refinanced higher, though distribution coverage still remains relatively strong. The fund is currently trading at a deep discount but, on a relative basis, is only mildly attractive. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Written by Nick Ackerman, co-produced by Stanford Chemist. Franklin Universal Trust ( NYSE: FT ) provides exposure to both high-yield bonds and utilities. That combination can provide some fairly attractive yields for investors. However, similar to most equity closed-end funds, it will also require capital gains to achieve the fund's current 7.88% distribution yield. The fund is currently trading at a deep discount on an absolute basis. On a relative basis, it's looking fairly attractive, too, but not as much so. FT Basics 1-Year Z-score: -1.65 Discount: -12.57% Distribution Yield
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FT
News
- Franklin Universal Trust (“FT” or the “Fund”) Announces DistributionBusiness Wire
- Franklin Universal Trust (“FT” or the “Fund”) Announces Notification of Sources of DistributionsBusiness Wire
- Franklin Universal Trust (“FT” or the “Fund”) Announces DistributionBusiness Wire
- Franklin Universal Trust (“FT” or the “Fund”) Announces Notification of Sources of DistributionsBusiness Wire
- Franklin Universal Trust (“FT” or the “Fund”) Announces DistributionBusiness Wire
FT
Sec Filings
- 4/23/24 - Form NPORT-P
- 2/6/24 - Form DEF
- FT's page on the SEC website