Franklin Universal Closed Fund (FT) - Net Assets
Based on the latest financial reports, Franklin Universal Closed Fund (FT) has net assets worth $227.68 Million USD as of February 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($288.45 Million) and total liabilities ($60.77 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check FT PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $227.68 Million |
| % of Total Assets | 78.93% |
| Annual Growth Rate | 0.28% |
| 5-Year Change | -5.19% |
| 10-Year Change | 10.34% |
| Growth Volatility | 10.71 |
Franklin Universal Closed Fund - Net Assets Trend (2001–2025)
This chart illustrates how Franklin Universal Closed Fund's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see FT market cap.
Annual Net Assets for Franklin Universal Closed Fund (2001–2025)
The table below shows the annual net assets of Franklin Universal Closed Fund from 2001 to 2025. Also explore Franklin Universal Closed Fund equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $212.60 Million | +3.11% |
| 2024-08-31 | $206.19 Million | +11.54% |
| 2023-08-31 | $184.86 Million | -8.96% |
| 2022-08-31 | $203.05 Million | -9.45% |
| 2021-08-31 | $224.25 Million | +9.87% |
| 2020-08-31 | $204.09 Million | -5.20% |
| 2019-08-31 | $215.29 Million | +7.22% |
| 2018-08-31 | $200.80 Million | -2.98% |
| 2017-08-31 | $206.96 Million | +7.41% |
| 2016-08-31 | $192.68 Million | +7.80% |
| 2015-08-31 | $178.75 Million | -14.75% |
| 2014-08-31 | $209.67 Million | +9.65% |
| 2013-08-31 | $191.22 Million | +1.88% |
| 2012-08-31 | $187.70 Million | +8.62% |
| 2011-08-31 | $172.80 Million | +4.66% |
| 2010-08-31 | $165.10 Million | +12.24% |
| 2009-08-31 | $147.10 Million | -15.85% |
| 2008-08-31 | $174.80 Million | -8.48% |
| 2007-08-31 | $191.00 Million | -1.90% |
| 2006-08-31 | $194.70 Million | -2.11% |
| 2005-08-31 | $198.90 Million | +9.95% |
| 2004-08-31 | $180.90 Million | +14.20% |
| 2003-08-31 | $158.40 Million | +11.86% |
| 2002-08-31 | $141.60 Million | -28.70% |
| 2001-08-31 | $198.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Franklin Universal Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6601763900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $59.82 Million | 28.14% |
| Common Stock | $152.78 Million | 71.86% |
| Total Equity | $212.60 Million | 100.00% |
Franklin Universal Closed Fund Competitors by Market Cap
The table below lists competitors of Franklin Universal Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nam Kim Steel JSC
VN:NKG
|
$185.00 Million |
|
Lithium Royalty Corp
TO:LIRC
|
$185.06 Million |
|
XRF Scientific Ltd
AU:XRF
|
$185.15 Million |
|
Bera Holding AS
IS:BERA
|
$185.15 Million |
|
NGL Fine-Chem Limited
NSE:NGLFINE
|
$184.95 Million |
|
TerrAscend Corp
F:TED
|
$184.94 Million |
|
SPACSphere Acquisition Corp. Class A Ordinary Shares
NASDAQ:SSAC
|
$184.81 Million |
|
D2L Inc
TO:DTOL
|
$184.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Franklin Universal Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 206,193,334 to 212,599,688, a change of 6,406,354 (3.1%).
- Net income of 19,223,620 contributed positively to equity growth.
- Dividend payments of 12,817,266 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $19.22 Million | +9.04% |
| Dividends Paid | $12.82 Million | -6.03% |
| Total Change | $- | 3.11% |
Book Value vs Market Value Analysis
This analysis compares Franklin Universal Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.87x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.01x to 0.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-08-31 | $7.31 | $7.36 | x |
| 2002-08-31 | $5.13 | $7.36 | x |
| 2003-08-31 | $5.67 | $7.36 | x |
| 2004-08-31 | $6.48 | $7.36 | x |
| 2005-08-31 | $7.12 | $7.36 | x |
| 2006-08-31 | $7.09 | $7.36 | x |
| 2007-08-31 | $7.41 | $7.36 | x |
| 2008-08-31 | $6.96 | $7.36 | x |
| 2009-08-31 | $5.85 | $7.36 | x |
| 2010-08-31 | $6.57 | $7.36 | x |
| 2011-08-31 | $6.88 | $7.36 | x |
| 2012-08-31 | $7.47 | $7.36 | x |
| 2013-08-31 | $7.61 | $7.36 | x |
| 2014-08-31 | $8.34 | $7.36 | x |
| 2015-08-31 | $7.11 | $7.36 | x |
| 2016-08-31 | $7.67 | $7.36 | x |
| 2017-08-31 | $8.22 | $7.36 | x |
| 2018-08-31 | $7.50 | $7.36 | x |
| 2019-08-31 | $8.57 | $7.36 | x |
| 2020-08-31 | $8.12 | $7.36 | x |
| 2021-08-31 | $8.92 | $7.36 | x |
| 2022-08-31 | $8.08 | $7.36 | x |
| 2023-08-31 | $7.36 | $7.36 | x |
| 2024-08-31 | $8.20 | $7.36 | x |
| 2025-08-31 | $8.46 | $7.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Franklin Universal Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.04%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 100.92%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.29x
- Recent ROE (9.04%) is above the historical average (6.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -1.22% | -9.14% | 0.10x | 1.38x | $-22.29 Million |
| 2002 | -27.36% | -155.21% | 0.12x | 1.43x | $-52.90 Million |
| 2003 | 18.34% | 164.50% | 0.08x | 1.36x | $13.21 Million |
| 2004 | 17.99% | 200.00% | 0.07x | 1.31x | $14.45 Million |
| 2005 | 14.67% | 172.76% | 0.07x | 1.28x | $9.29 Million |
| 2006 | 5.73% | 65.80% | 0.07x | 1.29x | $-8.31 Million |
| 2007 | 10.50% | 118.14% | 0.07x | 1.30x | $960.00K |
| 2008 | -0.11% | -1.18% | 0.07x | 1.38x | $-17.68 Million |
| 2009 | -11.09% | -108.37% | 0.08x | 1.29x | $-31.03 Million |
| 2010 | 17.85% | 184.07% | 0.08x | 1.26x | $12.96 Million |
| 2011 | 11.08% | 121.99% | 0.07x | 1.25x | $1.86 Million |
| 2012 | 14.08% | 169.10% | 0.07x | 1.23x | $7.66 Million |
| 2013 | 7.82% | 97.07% | 0.06x | 1.36x | $-4.17 Million |
| 2014 | 14.46% | 193.18% | 0.06x | 1.29x | $9.36 Million |
| 2015 | -10.64% | -125.82% | 0.06x | 1.34x | $-36.89 Million |
| 2016 | 13.32% | 188.95% | 0.05x | 1.32x | $6.39 Million |
| 2017 | 11.56% | 98.76% | 0.09x | 1.29x | $3.24 Million |
| 2018 | 1.73% | 92.23% | 0.01x | 1.33x | $-16.60 Million |
| 2019 | 11.22% | 98.29% | 0.09x | 1.31x | $2.62 Million |
| 2020 | -0.74% | 0.00% | 0.00x | 1.33x | $-21.92 Million |
| 2021 | 13.76% | 97.62% | 0.11x | 1.30x | $8.43 Million |
| 2022 | -3.64% | 0.00% | -0.02x | 1.33x | $-27.70 Million |
| 2023 | -2.08% | 0.00% | -0.01x | 1.36x | $-22.32 Million |
| 2024 | 16.56% | 97.66% | 0.13x | 1.29x | $13.53 Million |
| 2025 | 9.04% | 100.92% | 0.07x | 1.29x | $-2.04 Million |
Industry Comparison
This section compares Franklin Universal Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $551,643,441
- Average return on equity (ROE) among peers: -41.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Franklin Universal Closed Fund (FT) | $227.68 Million | -1.22% | 0.27x | $184.97 Million |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.55 Billion | 15.37% | 0.00x | $3.30 Billion |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $134.30 Million | -18.79% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $175.57 Million | -11.78% | 0.57x | $77.32 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alpha Compute Corp (ALP) | $4.85 Million | -51.03% | 0.55x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $330.96 Million |
| Amber International Holding Limited (AMBR) | $14.38 Million | -201.69% | 2.45x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $1.85 Billion | 3.21% | 0.83x | $9.40 Billion |
About Franklin Universal Closed Fund
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 utili… Read more