FHAIX: Franklin High Income A1

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FHAIX Franklin High Income A1


Profile

FHAIX - Profile

Vitals

  • YTD Return -1.6%
  • 3 Yr Annualized Return -1.4%
  • 5 Yr Annualized Return -2.0%
  • Net Assets $3.05 B
  • Holdings in Top 10 10.9%

52 WEEK LOW AND HIGH

$1.83
$1.81
$1.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.77%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 25.48%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Sep 07, 2018
  • Standard (Taxable) $1,000
  • IRA $250

Fund Classification


Distributions

  • YTD Total Return -1.6%
  • 3 Yr Annualized Total Return 2.0%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.37%
DIVIDENDS
  • Dividend Yield 0.9%
  • 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
    1067125565
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Glenn Voyles

Fund Description

The fund invests predominantly in high yield, lower-rated debt securities. Lower-rated securities generally pay higher yields than more highly rated securities to compensate investors for the higher risk. These securities include bonds, notes, debentures, convertible securities and senior and subordinated debt securities. It may invest up to 100% of its total assets in debt securities that are rated below investment grade, also known as "junk bonds."


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Categories

Performance

FHAIX - Performance

Return Ranking - Trailing

Period FHAIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -9.0% 0.4% 41.83%
1 Yr 1.1% -5.6% 6.3% 36.11%
3 Yr -1.4%* -5.9% 1.3% 62.69%
5 Yr -2.0%* -4.1% 1.0% 86.96%
10 Yr -0.4%* -4.9% 1.8% 63.94%

* Annualized

Return Ranking - Calendar

Period FHAIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.1% 0.7% 23.9% 46.05%
2018 -8.5% -17.1% -1.8% 70.16%
2017 1.1% -5.7% 4.8% 44.10%
2016 12.0% 0.3% 13.0% 1.62%
2015 -16.2% -20.6% 1.0% 98.55%

Total Return Ranking - Trailing

Period FHAIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -9.0% 0.4% 41.83%
1 Yr 1.1% -5.6% 6.4% 37.42%
3 Yr 2.0%* -5.9% 3.4% 11.93%
5 Yr 2.6%* -4.1% 4.5% 15.94%
10 Yr 5.5%* -4.9% 7.3% 10.58%

* Annualized

Total Return Ranking - Calendar

Period FHAIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.7% 0.7% 23.9% 37.94%
2018 -3.6% -17.1% 0.4% 18.22%
2017 6.7% -5.1% 8.1% 8.72%
2016 19.3% 1.1% 20.7% 1.08%
2015 -10.7% -20.6% 1.0% 83.19%

NAV & Total Return History


Holdings

FHAIX - Holdings

Concentration Analysis

FHAIX Category Low Category High FHAIX % Rank
Net Assets 3.05 B 1.02 M 26.8 B 20.52%
Number of Holdings 261 5 1532 65.73%
Net Assets in Top 10 335 M -449 M 2.1 B 20.69%
Weighting of Top 10 10.93% 4.3% 99.3% 41.14%

Top 10 Holdings

  1. iShares iBoxx $ High Yield Corp Bd ETF 1.73%
  2. BWAY Holding Company 7.25% 1.16%
  3. TransDigm, Inc. 6.25% 1.13%
  4. Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 6.75% 1.10%
  5. Cortes NP Acquisition Corporation 9.25% 1.06%
  6. CSC Holdings, LLC 5.25% 1.00%
  7. CHENIERE ENERGY PARTNERS L P 5.25% 0.98%
  8. Infor (US), Inc. 6.5% 0.96%
  9. Vistra Operations Co LLC 5.62% 0.92%
  10. Mednax, Inc. 6.25% 0.88%

Asset Allocation

Weighting Return Low Return High FHAIX % Rank
Bonds
95.46% 82.79% 143.50% 37.93%
Cash
2.57% -43.73% 21.02% 69.18%
Stocks
0.87% -12.70% 9.17% 30.17%
Preferred Stocks
0.53% 0.00% 5.37% 14.01%
Convertible Bonds
0.40% 0.00% 4.64% 50.86%
Other
0.17% -10.16% 6.34% 11.21%

Stock Sector Breakdown

Weighting Return Low Return High FHAIX % Rank
Energy
92.91% 0.00% 100.00% 13.22%
Basic Materials
7.09% 0.00% 100.00% 21.02%
Utilities
0.00% 0.00% 100.00% 67.80%
Technology
0.00% 0.00% 35.76% 68.47%
Real Estate
0.00% 0.00% 80.24% 63.05%
Industrials
0.00% 0.00% 100.00% 78.98%
Healthcare
0.00% 0.00% 42.86% 72.88%
Financial Services
0.00% 0.00% 100.00% 69.15%
Communication Services
0.00% 0.00% 100.00% 77.63%
Consumer Defense
0.00% 0.00% 22.91% 62.37%
Consumer Cyclical
0.00% 0.00% 100.00% 74.58%

Stock Geographic Breakdown

Weighting Return Low Return High FHAIX % Rank
US
0.87% -12.70% 9.17% 29.53%
Non US
0.00% 0.00% 2.95% 65.73%

Bond Sector Breakdown

Weighting Return Low Return High FHAIX % Rank
Corporate
96.63% 50.70% 100.00% 33.41%
Cash & Equivalents
3.37% -0.82% 49.29% 61.42%
Derivative
0.00% -0.02% 15.37% 68.10%
Securitized
0.00% 0.00% 9.48% 73.28%
Municipal
0.00% 0.00% 0.33% 57.54%
Government
0.00% 0.00% 14.54% 71.98%

Bond Geographic Breakdown

Weighting Return Low Return High FHAIX % Rank
US
83.55% 67.67% 118.63% 30.17%
Non US
11.91% 0.00% 29.53% 65.95%

Expenses

FHAIX - Expenses

Operational Fees

FHAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.77% 0.13% 20.17% 74.73%
Management Fee 0.46% 0.00% 1.60% 16.70%
12b-1 Fee 0.15% 0.00% 1.00% 17.15%
Administrative Fee 0.15% 0.01% 0.30% 84.87%

Sales Fees

FHAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 5.75% 66.67%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

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 Return Low Category Return High Rank in Category (%)
Turnover 25.48% 1.88% 433.00% 8.50%

Distributions

FHAIX - Distributions

Dividend Yield Analysis

FHAIX Category Low Category High FHAIX % Rank
Dividend Yield 0.95% 0.00% 3.57% 29.31%

Dividend Distribution Analysis

FHAIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FHAIX Category Low Category High FHAIX % Rank
Net Income Ratio 5.37% -0.01% 9.34% 43.60%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FHAIX - Fund Manager Analysis

Managers

Glenn Voyles


Start Date

Tenure

Tenure Rank

May 01, 2015

4.76

4.8%

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 Category High Category Average Category Mode
0.04 35.46 6.41 1.08