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FHAIX Franklin High Income A

  • Fund
  • FHAIX
  • Price as of: Dec 05, 2016
  • $1.83
  • + $0.01
  • + 0.55%
  • Category
  • High Yield Bonds

FHAIX - Profile

Vitals

  • YTD Return 10.2%
  • 3 Yr Annualized Return 1.9%
  • 5 Yr Annualized Return 5.4%
  • Net Assets $4.15 B
  • Holdings in Top 10 9.8%

52 WEEK LOW AND HIGH

$1.83
$1.53
$1.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 18.58%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 17.3%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 6.15%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin High Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Dec 31, 1969
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher J. Molumphy

Fund Description

The Franklin High Income Fund Class A (FHAIX) is an actively managed fund that aims to provide a high level of current income. The fund does this by investing in domestic high-yield or junk bonds. These are debts issued by less-than-stellar borrowers. The fund’s managers engage in credit research to reduce risk while increasing yield. FHAIX strives to invest in bonds of firms and sectors that are infrequently followed or out of favor.

Given its relatively low costs, FHAIX can be used as a core way to add junk bonds to a portfolio. The fund is internally managed by Franklin Advisors.

FHAIX - Performance

Return Ranking - Trailing

Period FHAIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 10.2% -30.0% 28.3% 3.12% 1
1 Yr 9.6% -30.5% 20.2% 3.24% 1
3 Yr 1.9% * -12.4% 7.2% 83.31% 5
5 Yr 5.4% * -12.6% 9.3% 70.71% 4
10 Yr 6.2% * -12.0% 12.4% 48.54% 3

* Annualized


Return Ranking - Calendar

Period FHAIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -16.2% -34.3% 1.0% 65.71% 5
2014 -6.2% -21.7% 10.4% 49.57% 4
2013 1.0% -16.9% 31.6% 19.58% 2
2012 7.7% -18.5% 17.6% 27.06% 2
2011 -3.0% -18.8% 6.8% 23.04% 2

Total Return Ranking - Trailing

Period FHAIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 17.3% -30.0% 36.7% 0.94% 1
1 Yr 5.0% -30.5% 20.2% 58.49% 3
3 Yr 0.4% * -12.4% 7.2% 93.16% 5
5 Yr 4.5% * -12.6% 9.3% 85.55% 5
10 Yr 5.7% * -12.0% 12.4% 61.80% 4

* Annualized


Total Return Ranking - Calendar

Period FHAIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -11.4% -30.4% 4.6% 64.00% 5
2014 -0.2% -18.4% 10.4% 29.64% 2
2013 9.6% -16.9% 55.9% 8.94% 1
2012 22.3% -18.5% 33.1% 7.36% 1
2011 7.3% -18.8% 11.9% 6.89% 1

NAV & Total Return History

FHAIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FHAIX Category Low Category High FHAIX % Rank Quintile
Net Assets 4.15 B 2.52 M 20.6 B 3.37% 1
Number of Holdings 283 1 1424 14.57% 3
Net Assets in Top 10 410 M -32.2 M 3.63 B 3.22% 1
Weighting of Top 10 9.8% 0.0% 100.0% 20.71% 3

Top 10 Holdings

  1. Citigroup FRN 1.10%
  2. Bk Amer FRN 1.04%
  3. Western Digital 144A 10.5% 1.06%
  4. Hca 5.875% 1.02%
  5. Infor Us 6.5% 1.01%
  6. Bmc Software Fin 144A 8.125% 0.98%
  7. Sprint Nextel 144A 9% 0.98%
  8. Cit Grp 5% 0.86%
  9. Intergen N V 144A 7% 0.87%
  10. Chemours 6.625% 0.87%

Asset Allocation

Weighting Category Low Category High FHAIX % Rank Quintile
Bonds
93.15% -9.44% 107.80% 12.27% 3
Cash
5.40% -11.47% 109.44% 12.42% 2
Stocks
1.03% 0.00% 99.11% 7.82% 2
Other
0.30% -11.89% 38.60% 17.33% 4
Preferred Stocks
0.12% 0.00% 18.78% 12.73% 3
Convertible Bonds
0.00% 0.00% 18.92% 13.19% 5

Stock Sector Breakdown

Weighting Category Low Category High FHAIX % Rank Quintile
Energy
0.73% 0.00% 12.30% 1.83% 1
Basic Materials
0.01% 0.00% 1.80% 6.72% 2
Financial Services
0.00% 0.00% 16.12% 9.57% 4
Industrials
0.00% 0.00% 15.79% 6.92% 5
Healthcare
0.00% 0.00% 21.24% 6.11% 5
Real Estate
0.00% 0.00% 8.20% 4.89% 4
Technology
0.00% 0.00% 25.59% 5.30% 4
Communication Services
0.00% -0.06% 9.11% 6.72% 5
Consumer Defense
0.00% -0.12% 5.43% 5.30% 4
Consumer Cyclical
0.00% 0.00% 16.04% 10.18% 5
Utilities
0.00% -0.07% 6.44% 5.30% 4

Stock Geographic Breakdown

Weighting Category Low Category High FHAIX % Rank Quintile
US
1.03% 0.00% 83.03% 6.75% 1
Non US
0.00% -0.01% 52.07% 7.67% 4

Bond Sector Breakdown

Weighting Category Low Category High FHAIX % Rank Quintile
Corporate
92.84% 0.00% 101.98% 9.20% 2
Cash & Equivalents
5.40% -7.60% 100.00% 11.81% 2
Government
0.33% -9.04% 51.73% 16.72% 4
Derivative
0.11% -19.62% 9.44% 2.30% 1
Municipal
0.00% 0.00% 100.00% 3.83% 4
Securitized
0.00% 0.00% 68.94% 16.26% 5

Bond Geographic Breakdown

Weighting Category Low Category High FHAIX % Rank Quintile
US
71.79% -9.44% 100.00% 18.56% 4
Non US
21.36% 0.00% 46.20% 7.06% 1

FHAIX - Expenses

Operational Fees

FHAIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.78% 0.00% 3.69% 23.20% 1
Management Fee 0.45% 0.12% 1.00% 5.67% 1
12b-1 Fee 0.15% 0.00% 1.00% 4.88% 1
Administrative Fee 0.15% 0.00% 0.45% 3.23% 4

Sales Fees

FHAIX Fees (% of AUM) Category Low Category High FHAIX Rank Quintile
Front Load 4.25% 2.00% 5.75% 4.00% 3
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

FHAIX Fees (% of AUM) Category Low Category High FHAIX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FHAIX Fees (% of AUM) Category Low Category High FHAIX Rank Quintile
Turnover 18.58% 7.20% 2247.00% 16.44% 1

FHAIX - Distributions

Dividend Yield Analysis

FHAIX Category Low Category High FHAIX % Rank Quintile
Dividend Yield 0.1% 0.00% 6.16% 56.92% 5

Dividend Distribution Analysis

FHAIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FHAIX Category Low Category High FHAIX % Rank Quintile
Net Income Ratio 6.15% -2.75% 9.92% 10.75% 1

Capital Gain Distribution Analysis

FHAIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

FHAIX - Managers

Christopher J. Molumphy

Lead Manager

Start Date

Dec 31, 1991

Tenure

24.85

Tenure Rank

0.4%

Christopher J. Molumphy, CFA, EVP, is chief investment officer of Franklin Templeton Fixed Income Group. He is a portfolio manager for several funds, including Franklin Strategic Income Fund and Franklin High Income Fund. At the firm since 1988, he currently serves on the company's executive committee and Fixed Income Policy Committee. He holds a BA (Stanford Univ.) and an MBA (Univ. of Chicago). He is a member of the CFA Institute and the Stanford Institute for Economic Policy Research.


Glenn I. Voyles

Manager

Start Date

May 01, 2015

Tenure

1.5

Tenure Rank

14.5%

Glenn Voyles, CFA, VP, is a high-yield analyst and portfolio manager for Franklin Advisers, Inc. He is Director of Portfolio Management for the Corporate & High Yield Group and sits on the Fixed Income Policy Committee. He oversees the corporate credit portfolio team as well as various high yield and global credit strategies. He joined Franklin Templeton in 1993. Mr. Voyles holds a B.A. (Stanford Univ.). He is a member of Security Analysts of San Francisco and the CFA Institute.


Tenure Analysis

Category Low

0.0

Category High

56.5

Category Average

6.41

Category Mode

4.8