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FHAIX Franklin High Income A1

  • Fund
  • FHAIX
  • Price as of: Apr 24, 2019
  • $1.85 - $0.00 - 0.00%
  • Category
  • High Yield Bonds

FHAIX - Profile

Vitals

  • YTD Return 7.6%
  • 3 Yr Annualized Return 2.9%
  • 5 Yr Annualized Return -2.9%
  • Net Assets $3.07 B
  • Holdings in Top 10 11.1%

52 WEEK LOW AND HIGH

$1.85
$1.71
$1.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 23.33%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Sep 07, 2018

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 8.1%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.26%
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 1151252229
  • Share Class A
  • Currency USD
  • Domiciled Country United States

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 (%)
YTD 7.6% -6.5% 21.6% 11.42%
1 Yr 0.5% -8.8% 4.7% 53.96%
3 Yr 2.9%* -6.9% 7.1% 2.30%
5 Yr -2.9%* -8.2% 2.6% 87.55%
10 Yr 1.7%* -13.8% 6.2% 68.84%

* Annualized


Return Ranking - Calendar

Period FHAIX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.5% -23.1% -0.4% 68.97%
2017 1.1% -9.5% 28.5% 54.75%
2016 12.0% -14.4% 28.6% 2.09%
2015 -16.2% -34.3% 1.0% 98.33%
2014 -6.2% -23.1% 27.7% 77.09%

Total Return Ranking - Trailing

Period FHAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.1% -6.5% 21.6% 7.41%
1 Yr 5.0% -8.8% 6.3% 8.52%
3 Yr 8.2%* -6.9% 11.6% 1.25%
5 Yr 2.6%* -7.8% 6.5% 14.81%
10 Yr 8.5%* -13.8% 9.8% 8.33%

* Annualized


Total Return Ranking - Calendar

Period FHAIX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.6% -23.1% 1.3% 16.23%
2017 6.7% -4.9% 36.8% 9.50%
2016 19.3% -14.4% 39.0% 1.67%
2015 -10.7% -28.3% 4.3% 84.55%
2014 -0.4% -21.8% 27.7% 25.33%

NAV & Total Return History

FHAIX - Holdings

Concentration Analysis

FHAIX Category Low Category High FHAIX % Rank
Net Assets 3.07 B 696 K 23.9 B 17.23%
Number of Holdings 249 6 1644 64.93%
Net Assets in Top 10 340 M -36.7 K 3.59 B 16.83%
Weighting of Top 10 11.07% 5.4% 99.8% 49.70%

Top 10 Holdings

  1. iShares iBoxx $ High Yield Corp Bd ETF 2.03%

  2. TransDigm, Inc. 6.25% 1.06%

  3. Blackboard Inc. 9.75% 1.02%

  4. Talen Energy Supply LLC 6.5% 1.02%

  5. First Data Corporation 5.75% 1.01%

  6. Altice Luxembourg S.A. 7.75% 1.01%

  7. BWAY Holding Company 7.25% 1.01%

  8. OLYMPUS MERGER SUB INC 8.5% 0.98%

  9. Cortes NP Acquisition Corporation 9.25% 0.97%

  10. Infor (US), Inc. 6.5% 0.96%


Asset Allocation

Weighting Return Low Return High FHAIX % Rank
Bonds
93.62% -14.92% 104.54% 41.28%
Cash
3.57% -10.77% 114.92% 63.73%
Stocks
1.65% -0.05% 99.43% 13.43%
Preferred Stocks
0.51% 0.00% 12.83% 20.04%
Convertible Bonds
0.37% 0.00% 17.73% 50.90%
Other
0.28% -5.62% 22.60% 35.07%

Stock Sector Breakdown

Weighting Return Low Return High FHAIX % Rank
Energy
0.89% -0.06% 2.74% 9.25%
Basic Materials
0.12% 0.00% 1.49% 18.00%
Industrials
0.11% 0.00% 14.16% 25.25%
Utilities
0.00% -0.04% 2.00% 95.75%
Technology
0.00% -0.14% 29.82% 96.25%
Real Estate
0.00% 0.00% 3.04% 96.75%
Healthcare
0.00% 0.00% 15.60% 96.25%
Financial Services
0.00% -0.02% 16.62% 96.75%
Communication Services
0.00% -0.04% 2.00% 95.75%
Consumer Defense
0.00% -0.08% 4.54% 95.75%
Consumer Cyclical
0.00% -0.12% 15.98% 96.75%

Stock Geographic Breakdown

Weighting Return Low Return High FHAIX % Rank
US
1.54% -0.04% 49.79% 15.03%
Non US
0.11% -0.01% 49.64% 18.44%

Bond Sector Breakdown

Weighting Return Low Return High FHAIX % Rank
Corporate
94.50% 0.00% 105.22% 32.87%
Cash & Equivalents
3.57% -10.95% 114.92% 61.92%
Derivative
0.00% -14.92% 15.20% 85.17%
Securitized
0.00% 0.00% 61.92% 96.59%
Municipal
0.00% 0.00% 99.98% 96.59%
Government
0.00% -8.28% 66.73% 88.38%

Bond Geographic Breakdown

Weighting Return Low Return High FHAIX % Rank
US
82.91% -14.92% 99.77% 26.45%
Non US
10.71% 0.00% 58.16% 67.13%

FHAIX - Expenses

Operational Fees

FHAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.78% 0.00% 6.42% 76.75%
Management Fee 0.45% 0.00% 1.00% 16.43%
12b-1 Fee 0.15% 0.00% 1.00% 17.58%
Administrative Fee 0.15% 0.01% 0.45% 75.62%

Sales Fees

FHAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 5.75% 79.41%
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

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 Return Low Category Return High Rank in Category (%)
Turnover 23.33% 5.00% 1334.00% 11.22%

FHAIX - Distributions

Dividend Yield Analysis

FHAIX Category Low Category High FHAIX % Rank
Dividend Yield 0.05% 0.00% 0.46% 41.28%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FHAIX Category Low Category High FHAIX % Rank
Net Income Ratio 5.26% -1.92% 7.02% 35.47%

Capital Gain Distribution Analysis

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

FHAIX - Managers

Tenure Analysis

Category Low

0.0

Category High

34.62

Category Average

6.84

Category Mode

0.25