Franklin Universal Trust : Portfolio Holdings Report

Franklin Universal Trust March 31, 2022 March 31, 2022 Closed-End Fund Portfolio Holdings The following portfolio data for the Franklin Templeton funds is made available to the public under our Portfolio Holdings Release Policy and is "as of" the date indicated. This portfolio data should not be relied upon as a complete listing of a fund's holdings (or of a fund's top holdings) as information on particular holdings may be withheld if it is in the fund's interest to do so. Additionally, foreign currency forwards are not included in the portfolio data. Instead, the net market value of all currency forward contracts is included in cash and other net assets of the fund. Further, portfolio holdings data of over-the-counter derivative investments such as Credit Default Swaps, Interest Rate Swaps or other Swap contracts list only the name of counterparty to the derivative contract, not the details of the derivative. Complete portfolio data can be found in the statement of investments in the annual and semi-annual report to shareholders. Security IdentifierSecurity Name Shares/ Positions HeldMarket Value % of TNACouponMaturity Rate Date
68245XAM1 1011778 BC ULC / NEW RED FINANCE INC 1,000,000 $903,390 0.41% 4.00% 10/15/30
90132BAA5 24 HOUR FITNESS WORLDWIDE INC 1,800,000 $540 0.00% 8.00% 06/01/22
018802108 ALLIANT ENERGY CORP 80,000 $4,998,400 2.26% N/AN/A
01883LAA1 ALLIANT HOLDINGS INTERMEDIATE LLC / ALLIANT HOLDINGS CO-ISSUER 800,000 $791,760 0.36% 6.75% 10/15/27
019736AE7 ALLISON TRANSMISSION INC 600,000 $591,354 0.27% 4.75% 10/01/27
019736AG2 ALLISON TRANSMISSION INC 300,000 $272,595 0.12% 3.75% 01/30/31
02156TAB0 ALTICE FRANCE HOLDING SA 1,500,000 $1,571,550 0.71% 10.50% 05/15/27
00253XAA9 AMERICAN AIRLINES INC / AADVANTAGE LOYALTY IP LTD 700,000 $706,233 0.32% 5.50% 04/20/26
025537101 AMERICAN ELECTRIC POWER CO INC 65,000 $6,485,050 2.93% N/AN/A
02608AAA7 AMERICAN FINANCE TRUST INC / AMERICAN FINANCE OPERATING PARTNER LP 500,000 $451,027 0.20% 4.50% 09/30/28
03212B103 AMPLIFY ENERGY CORP 245 $1,347 0.00% N/AN/A
03254TAC7 ANAGRAM INTERNATIONAL INC 221,083 $231,403 0.10% 5.00% 08/15/26
03674XAN6 ANTERO RESOURCES CORP 130,000 $143,484 0.06% 8.38% 07/15/26
03674XAQ9 ANTERO RESOURCES CORP 166,000 $179,755 0.08% 7.63% 02/01/29
03674XAS5 ANTERO RESOURCES CORP 700,000 $715,932 0.32% 5.38% 03/01/30
03762UAD7 APOLLO COMMERCIAL REAL ESTATE FINANCE INC 1,000,000 $909,445 0.41% 4.63% 06/15/29
00213MAW4 APX GROUP INC 800,000 $731,500 0.33% 5.75% 07/15/29
039653AA8 ARCOSA INC 300,000 $285,007 0.13% 4.38% 04/15/29
03969AAQ3 ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 800,000 $800,304 0.36% 5.25% 04/30/25
03969AAR1 ARDAGH PACKAGING FINANCE PLC / ARDAGH HOLDINGS USA INC 600,000 $555,303 0.25% 5.25% 08/15/27
045086AM7 ASHTON WOODS USA LLC / ASHTON WOODS FINANCE CO 1,500,000 $1,325,527 0.60% 4.63% 08/01/29
90473LAA0 ASP UNIFRAX HOLDINGS INC 300,000 $279,069 0.13% 5.25% 09/30/28
90473LAC6 ASP UNIFRAX HOLDINGS INC 200,000 $178,246 0.08% 7.50% 09/30/29
franklintempleton.com	1

Franklin Universal Trust

Security IdentifierSecurity Name

BATH & BODY WORKS INC

001940AC9 05453GAC9 060335AA4 501797AW4

ATS AUTOMATION TOOLING SYSTEMS INC

• 07134L115 BATTALION OIL CORP

• 07134L123 BATTALION OIL CORP

• 07134L131 BATTALION OIL CORP

91911XAV6 91831AAC5 088606108

BAUSCH HEALTH AMERICAS INC

BAUSCH HEALTH COS INC

BRASKEM IDESA SAPI

103304BS9 10554NAB4

ETYPE0002 12687GAA7

BRIGHTHOUSE LIC 15SEP23

CABLEVISION LIGHTPATH LLC

• 13057Q123 CALIFORNIA RESOURCES CORP

• 13057Q305 CALIFORNIA RESOURCES CORP

131347CP9 131347CQ7

CALPINE CORP

CALPINE CORP

131477AV3

CALUMET SPECIALTY PRODUCTS PARTNERS LP / CALUMET FINANCE CORP

13323AAB6 143658BL5 143658BN1 1248EPCB7

CAMELOT FINANCE SA

CARNIVAL CORP

CARNIVAL CORP

CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP

1248EPCE1

CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP

1248EPCK7 15135BAX9 15135BAY7 15135BAZ4 15189T107 159864AG2

CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP

CENTENE CORP

CENTENE CORP

CENTENE CORP

CENTERPOINT ENERGY INC

CHARLES RIVER LABORATORIES INTERNATIONAL INC

16411RAK5

CHENIERE ENERGY INC

16411QAG6

CHENIERE ENERGY PARTNERS LP

16411QAK7

CHENIERE ENERGY PARTNERS LP

16411QAL5

CHENIERE ENERGY PARTNERS LP

165167180

CHESAPEAKE ENERGY CORP

Shares/ Positions Held

March 31, 2022

Market

Value

% of TNACoupon

Rate

1,300,000

$1,223,560

0.55% 0.16% 0.44% 0.24%

• 4.13% 12/15/28

  400,000

  $352,080

• 3.38% 02/15/29

  1,000,000

  $980,010

• 5.38% 03/01/25

  500,000

  $525,587

• 6.63% 10/01/30

728

$175

0.00% N/A 10/08/22

583

937

$269

$91

0.00% N/A 10/08/22

0.00% N/A 10/08/22

1,400,000

$1,435,322

0.65%

• 9.25% 04/01/26

  328,000

  $331,075

  0.15%

• 6.13% 04/15/25

25,185

3,694

$1,945,541

$75,727

0.88%

0.03%

400,000

28,796

$586,718

$420,636

0.27%

0.19%

• 8.63% 06/01/25

  300,000

  $294,384

  0.13%

• 6.99% 02/20/32

  -65,000,000

  -$65,000,000

  -29.40%

  N/A 02/20/49

  500,000

  $468,510

  0.21%

• 3.88% 09/15/27

64

$920

0.00%

N/A 10/27/24

27

$1,207

0.00%

N/A

700,000

$645,249

0.29%

• 4.63% 02/01/29

  900,000

  $820,534

  0.37%

• 5.00% 02/01/31

  900,000

  $838,053

  0.38%

• 8.13% 01/15/27

  900,000 400,000 1,500,000

  $876,775 $403,080 $1,432,500

  0.40% 0.18% 0.65% 0.23%

• 4.50% 11/01/26

• 7.63% 03/01/26

• 5.75% 03/01/27

  500,000

  $500,877

• 5.38% 06/01/29

  1,700,000

  $1,597,995

  0.72%

• 4.50% 08/15/30

  200,000 500,000 500,000 500,000 122,800 200,000

  $181,759 $442,085 $457,512 $445,810 $3,762,592

  0.08% 0.20% 0.21% 0.20% 1.70% 0.09%

• 4.25% 02/01/31

• 2.50% 03/01/31

• 2.45% 07/15/28

• 2.63% 08/01/31

N/A

$189,038

• 3.75% 03/15/29

  700,000

  $703,237

  0.32%

• 4.63% 10/15/28

  1,200,000

  $1,207,422

  0.55%

• 4.50% 10/01/29

  1,200,000

  $1,165,134

  0.53%

• 4.00% 03/01/31

  franklintempleton.com

  Maturity

  Date

  N/AN/A

  400,000

  1,418

  $364,358

  $78,940

  0.16%

  0.04%

  2

• 3.25% 01/31/32

N/A 02/09/26

Franklin Universal Trust

Security IdentifierSecurity Name

165167735 165167DF1

CHESAPEAKE ENERGY CORP

CHESAPEAKE ENERGY CORPDDD1133939 CHESAPEAKE ENERGY CORP

17027NAB8

CHOBANI LLC / CHOBANI FINANCE CORP INC

12543DBH2

CHS/COMMUNITY HEALTH SYSTEMS INC

12543DBL3 17888H103

CHS/COMMUNITY HEALTH SYSTEMS INC

CIVITAS RESOURCES INCDDD1140479 CIVITAS RESOURCES INCBMXFRB5 18453HAA4

CLEAR CHANNEL INTERNATIONAL BV

CLEAR CHANNEL OUTDOOR HOLDINGS INC

18453HAC0

CLEAR CHANNEL OUTDOOR HOLDINGS INC

18453HAD8 18539UAC9 18539UAD7 18539UAE5 125896100 19240CAC7

CLEAR CHANNEL OUTDOOR HOLDINGS INC

CLEARWAY ENERGY OPERATING LLC

CLEARWAY ENERGY OPERATING LLC

CLEARWAY ENERGY OPERATING LLC

CMS ENERGY CORP

COGENT COMMUNICATIONS GROUP INC

201723AP8

COMMERCIAL METALS CO

203372AV9

COMMSCOPE INC

579063AB4

CONDOR MERGER SUB INC

209115104

CONSOLIDATED EDISON INC

BMXD8L6

CONSOLIDATED ENERGY FINANCE SA

21037T109

CONSTELLATION ENERGY CORP

21039CAB0

CONSTELLIUM SE

21055TAA4

CONSUMER LOAN UNDERLYING BOND CERTIFICATE ISSUER TRUST I SERIES 2019-26

21055FAA4

CONSUMER LOAN UNDERLYING BOND CERTIFICATE ISSUER TRUST I SERIES 2019-31

21054QAA1

CONSUMER LOAN UNDERLYING BOND CERTIFICATE ISSUER TRUST I SERIES 2019-37

21055YAA3

CONSUMER LOAN UNDERLYING BOND CERTIFICATE ISSUER TRUST I SERIES 2019-42

21055HAA0

CONSUMER LOAN UNDERLYING BOND CERTIFICATE ISSUER TRUST I SERIES 2019-51

21056JAA5

CONSUMER LOAN UNDERLYING BOND CERTIFICATE ISSUER TRUST I SERIES 2019-52

Shares/ Positions Held

March 31, 2022

Market

Value

752 500,000 1,500,000

% of TNACoupon

RateMaturity

Date

$65,424 $512,750 $29,850 $739,492

800,000

0.03% 0.23% 0.01% 0.33%

N/A 5.50%

N/A 02/01/26

N/A

N/A

• 4.63% 11/15/28

  300,000

  $303,660

  500,000 18,598 199,676 400,000 500,000

  0.14%

• 6.00% 01/15/29

  $466,235 $1,110,486

  $199,773 $407,500 $495,500

  300,000

  0.21% 0.50% 0.09% 0.18% 0.22%

• 6.13% 04/01/30

N/AN/A

• 7.50% 04/30/26

• 6.63% 08/01/25

• 5.13% 08/15/27

  $301,909

  300,000 600,000 300,000 400,000 90,000 500,000

  0.14%

• 7.75% 04/15/28

  $299,709 $603,627 $281,181 $368,780 $6,294,600

  $475,682

  700,000

  0.14% 0.27% 0.13% 0.17% 2.85% 0.22%

• 7.50% 06/01/29

• 4.75% 03/15/28

• 3.75% 02/15/31

• 3.75% 01/15/32

N/AN/A

• 3.50% 05/01/26

  $637,325

  1,600,000

  0.29%

• 3.88% 02/15/31

  $1,447,200

  800,000

  0.65%

• 7.13% 07/01/28

  $768,500

  35,000

  0.35%

• 7.38% 02/15/30

600,000

$3,313,800

$556,185

21,666

1.50%

0.25%N/A 5.63%N/A 10/15/28

$1,218,712

600,000

0.55%

N/A

N/A

$539,619

211,920

0.24%

• 3.75% 04/15/29

  $207,239

  187,173

  0.09%

• 18.00% 08/15/44

  $181,381

  0.08%

• 22.58% 09/15/44

  208,907

  $203,833

• 19.12% 10/17/44

  0.09%

• 17.74% 11/15/44

• 15.33% 01/15/45

  229,556

  $226,112

  0.10%

• 16.52% 01/15/45

franklintempleton.com

3

Franklin Universal Trust

Security IdentifierSecurity Name

21055RAA8

CONSUMER LOAN UNDERLYING BOND CERTIFICATE ISSUER TRUST I SERIES 2019-SLCT3

21056AAA4

CONSUMER LOAN UNDERLYING BOND CERTIFICATE ISSUER TRUST I SERIES 2019-SLCT6

21050KAA8

CONSUMER LOAN UNDERLYING BOND CERTIFICATE ISSUER TRUST I SERIES 2019-SLCT7

21056TAA3

CONSUMER LOAN UNDERLYING BOND CERTIFICATE ISSUER TRUST I SERIES 2020-2

21057BAA1

CONSUMER LOAN UNDERLYING BOND CLUB CERTIFICATE ISSUER TRUST I SERIES 2019-SLCT8

21056VAA8

CONSUMER LOAN UNDERLYING BOND CLUB CERTIFICATE ISSUER TRUST I SERIES 2020-7

21054GAA3

CONSUMER LOAN UNDERLYING BOND CREDIT TRUST 2019-SLCT4

21055CAA1 21925DAA7

CONSUMER LOAN UNDERLYING BOND CREDIT TRUST 2019-SLCT5

CORNERSTONE BUILDING BRANDS INC

226373AP3

CRESTWOOD MIDSTREAM PARTNERS LP / CRESTWOOD MIDSTREAM FINANCE CORP

226373AR9

CRESTWOOD MIDSTREAM PARTNERS LP / CRESTWOOD MIDSTREAM FINANCE CORP

67421QAA0

CRESTWOOD MIDSTREAM PARTNERS LP / CRESTWOOD MIDSTREAM FINANCE CORP

228701AG3 126307AH0 126307AY3 12652HAA6

CROWNROCK LP / CROWNROCK FINANCE INC

CSC HOLDINGS LLC

CSC HOLDINGS LLC

CSI COMPRESSCO LP / CSI COMPRESSCO FINANCE INC

12652HAC2

CSI COMPRESSCO LP / CSI COMPRESSCO FINANCE INC

12652HAE8

CSI COMPRESSCO LP / CSI COMPRESSCO FINANCE INC

12663QAC9 235825AG1 23918KAS7 830867AB3 25257DAA6

CVR PARTNERS LP / CVR NITROGEN FINANCE CORP

DANA INC

DAVITA INC

DELTA AIR LINES INC / SKYMILES IP LTD

DIAMOND BC BV

DDD1185249 DIAMOND SPORTS GROUP LLC

25277LAC0

DIAMOND SPORTS GROUP LLC / DIAMOND SPORTS FINANCE CO

25277LAF3

DIAMOND SPORTS GROUP LLC / DIAMOND SPORTS FINANCE CO

Shares/ Positions Held

March 31, 2022

Market

Value

% of TNACoupon

RateMaturity

Date

168,085

$162,222

213,559

$209,235

120,699

165,803

174,275 300,000

800,000

$116,842

$162,349

$170,372 $278,937

$804,808

300,000 400,000 300,000 100,000

$300,637 $401,200 $295,308 $98,861

982,453

0.14% 0.64% 0.51% 0.32% 0.12%

• 13.26% 06/15/44

  0.07%

• 11.58% 10/17/44

• 11.16% 12/15/44

  0.09%

• 15.67% 03/15/45

• 9.76% 01/15/45

  0.05%

• 15.96% 04/17/45

  0.07%

• 11.57% 08/15/44

  0.08% 0.13%

• 18.85% 09/15/44

• 6.13% 01/15/29

  0.36%

• 5.75% 04/01/25

• 6.00% 02/01/29

• 8.00% 04/01/29

  0.14% 0.18% 0.13% 0.04%

• 5.00% 05/01/29

• 5.25% 06/01/24

• 7.50% 04/01/28

• 7.50% 04/01/25

• 7.50% 04/01/25

  $966,104

  0.44%

• 7.25% 04/01/26

• 6.13% 06/15/28

  1,400,000

  $1,416,429

• 5.63% 06/15/28

  1,200,000

  $1,122,240

• 4.63% 06/01/30

  700,000

  $706,582

• 4.75% 10/20/28

  300,000

  $269,823

• 4.63% 10/01/29

160,254 700,000

$163,004 $145,915

0.07% FLOATER 05/11/26

0.07%

• 6.63% 08/15/27

  800,000

  $310,992

  0.14%

• 5.38% 08/15/26

franklintempleton.com

4

Franklin Universal Trust

Security IdentifierSecurity Name

25381YAC5 25461LAA0

DIGICEL GROUP HOLDINGS LTD

DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC

25470XBF1

DISH DBS CORP

255882AA0

DKT FINANCE APS

25746U109

DOMINION ENERGY INC

25830JAA9

DORNOCH DEBT MERGER SUB INC

233331107

DTE ENERGY CO

23345M107

DT MIDSTREAM INC

23345MAA5

DT MIDSTREAM INC

26441C204

DUKE ENERGY CORP

27900QAA4

ECO MATERIAL TECHNOLOGIES INC

281020107

EDISON INTERNATIONAL

28618MAA4

ELEMENT SOLUTIONS INC

29089QAC9

EMERGENT BIOSOLUTIONS INC

29250N105 29260FAE0

ENBRIDGE INC

ENDEAVOR ENERGY RESOURCES LP / EER FINANCE INC

29260FAF7

ENDEAVOR ENERGY RESOURCES LP / EER FINANCE INC

29273DAB6

ENDO DAC / ENDO FINANCE LLC / ENDO FINCO INC

29273DAC4

ENDO DAC / ENDO FINANCE LLC / ENDO FINCO INC

29280BAA3

ENDO LUXEMBOURG FINANCE CO I SARL / ENDO US INC

29364G103

ENTERGY CORP

26884LAM1

EQT CORP

30034W106

EVERGY INC

30034TAA1

EVERI HOLDINGS INC

30161N101

EXELON CORP

31556TAC3

FERTITTA ENTERTAINMENT LLC / FERTITTA ENTERTAINMENT FINANCE CO INC

337932107

FIRSTENERGY CORP

DDD1155222

FIRST STUDENT BIDCO INC / FIRST TRANSIT PARENT INC

33834YAA6

FIVE POINT OPERATING CO LP / FIVE POINT CAPITAL CORP

30251GBC0 346232AF8

FMG RESOURCES AUGUST 2006 PTY LTD

FORESTAR GROUP INC

DDD1148615 FREEDOM FINANCIAL 4002

35671D857 364760AP3 366651AC1

FREEPORT-MCMORAN INC

GAP INC/THE

GARTNER INC

Shares/ Positions Held

March 31, 2022

Market

Value

% of TNACoupon

Rate

25,282 200,000

$20,281 $197,015

0.01% 0.09%

N/A 10/01/70

• 5.88% 08/15/27

  1,000,000

  $948,125

  0.43%

• 5.75% 12/01/28

  1,500,000

  $1,500,814

  0.68%

• 9.38% 06/17/23

800,000

65,000

$5,523,050

$696,576

2.50%

0.32%

30,000

15,000

$3,966,300

$813,900

1.79%

0.37%

700,000

$672,203

0.30%

N/A 4.13%

500,000

40,000

$4,466,400

$498,005

2.02%

0.23%

N/A 7.88%

36,000

$2,523,600

1.14%

N/A

700,000

$654,899

0.30%

• 3.88% 09/01/28

  900,000

  $809,037

  0.37%

• 3.88% 08/15/28

39,360 300,000

$1,814,102

0.82% 0.14%N/A

$310,462

• 5.75% 01/30/28

  500,000

  $519,572

  0.24%

• 6.63% 07/15/25

  302,000

  $265,307

  0.12%

• 9.50% 07/31/27

  389,000

  500,000

  $221,243

  $456,852

  0.10%

  0.21%

• 6.00% 06/30/28

• 6.13% 04/01/29

300,000

30,000

$3,502,500

$291,729

1.58%

0.13%N/A 3.13%

700,000

72,000

$4,920,480

$664,002

2.23%

0.30%

N/A 5.00%

65,000

$3,095,950

1.40%

N/A

1,000,000

$921,235

0.42%

6.75%

40,000 900,000

$1,834,400

0.83% 0.38%

N/A

$840,586

• 4.00% 07/31/29

  400,000

  $409,908

  0.19%

• 7.88% 11/15/25

  500,000

  $473,780

  0.21%

• 4.38% 04/01/31

  500,000

  $466,887

  0.21%

• 3.85% 05/15/26

  5,448,913

  $5,475,899

  2.48%

• 16.32% 06/15/26

80,380

$3,998,101

1.81%

N/A

700,000

$625,082

0.28%

• 3.63% 10/01/29

  500,000

  $498,700

  0.23%

• 4.50% 07/01/28

franklintempleton.com

Maturity

Date

N/A 06/15/29

N/A 01/31/27

N/AN/AN/A 05/15/26

N/A 07/15/29

N/A

01/15/30

N/AN/A

5