It could have both a shunt field and a series field making it a compound wound motor. Many small universal motors are series field only, and rely on loading from their cooling fans to prevent overspeed, but that's not inherent in a universal motor, they can have shunt fields instead, or be compound wound (both).
A series field gives a constant-power characteristic (and overspeed at low load), a shunt field motor attempts constant speed but with some speed drop on load due to the armature impedance, a compound wound can balance the two such that the series field compensates the on-load speed drop of a shunt wound motor, or just a little bit of shunt field can be used to limit overspeed on a motor that otherwise acts as series wound.