FHAIX: Franklin High Income Fund - MutualFunds.com

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Franklin High Income A1

FHAIX - Snapshot

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $2.9 B
  • Holdings in Top 10 14.4%

52 WEEK LOW AND HIGH

$1.86
$1.49
$1.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.76%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 38.87%

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

  • Primary Theme
    High Yield Bond
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Compare FHAIX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Vanguard High Yield Corporate Fund

Fund

$5.94

0.00%

$27.58 B

4.72%

$0.28

-0.34%

-

BlackRock High Yield Bond Portfolio

Fund

$7.70

+0.13%

$25.49 B

4.81%

$0.37

-0.90%

-

iShares iBoxx $ High Yield Corporate Bond ETF

HYG | ETF

$86.20

-0.14%

$23.82 B

4.88%

$4.22

-1.71%

-

PGIM High Yield Fund

Fund

$5.47

+0.37%

$20.11 B

5.75%

$0.31

-1.97%

-

American Funds American High-Income Trust®

Fund

$10.02

+0.30%

$16.76 B

5.56%

$0.55

-0.60%

-

FHAIX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 2.6%
  • 5 Yr Annualized Total Return 5.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.29%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    972007317
  • 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."

FHAIX - Performance

Return Ranking - Trailing

Period FHAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -47.7% 393.0% 29.33%
1 Yr 3.3% -54.3% 9.9% 19.42%
3 Yr 3.9%* -21.8% 8.3% 19.83%
5 Yr 5.9%* -0.9% 9.0% 11.69%
10 Yr 5.2%* 0.7% 9.2% 51.11%

* Annualized

Return Ranking - Calendar

Period FHAIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.1% -10.3% 226.1% 43.45%
2018 -8.5% -18.4% -0.2% 65.81%
2017 1.1% -9.5% 18.8% 52.75%
2016 12.0% -9.1% 28.6% 3.38%
2015 -16.2% -34.3% 3.5% 96.15%

Total Return Ranking - Trailing

Period FHAIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -47.7% 393.0% 28.63%
1 Yr -0.5% -54.3% 9.9% 71.13%
3 Yr 2.6%* -21.8% 8.3% 58.79%
5 Yr 5.1%* -1.1% 9.0% 40.31%
10 Yr 4.8%* 0.7% 9.2% 64.85%

* Annualized

Total Return Ranking - Calendar

Period FHAIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.7% -8.1% 23.9% 35.54%
2018 -3.6% -18.4% 1.3% 16.41%
2017 6.7% -8.5% 18.8% 10.48%
2016 19.3% -9.1% 39.0% 1.42%
2015 -10.7% -32.4% 3.5% 77.07%

NAV & Total Return History

FHAIX - Holdings

Concentration Analysis

FHAIX Category Low Category High FHAIX % Rank
Net Assets 2.9 B 3.33 M 27.6 B 18.86%
Number of Holdings 270 1 2239 63.43%
Net Assets in Top 10 418 M -492 M 2.87 B 16.06%
Weighting of Top 10 14.35% 3.4% 100.0% 40.33%

Top 10 Holdings

  1. Franklin IFT Money Market 5.14%
  2. BWAY Holding Company 7.25% 1.16%
  3. MPH Acquisition Holdings LLC 5.75% 1.13%
  4. CSC Holdings, LLC 5.25% 1.05%
  5. Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 6.75% 1.04%
  6. CHENIERE ENERGY PARTNERS L P 5.25% 1.01%
  7. Altice France Holdings S A 10.5% 1.01%
  8. Vistra Operations Co LLC 5.62% 0.96%
  9. Blackboard Inc. 10.38% 0.95%
  10. United Shore Financial Service Llc 5.5% 0.92%

Asset Allocation

Weighting Return Low Return High FHAIX % Rank
Bonds 		93.37% 0.00% 141.18% 63.16%
Convertible Bonds 		2.72% 0.00% 19.96% 17.00%
Cash 		2.68% -48.94% 100.00% 58.57%
Stocks 		0.70% -28.46% 28.23% 29.42%
Preferred Stocks 		0.54% 0.00% 7.97% 19.97%
Other 		0.00% -5.20% 58.14% 68.56%

Stock Sector Breakdown

Weighting Return Low Return High FHAIX % Rank
Energy 		92.91% 0.00% 100.00% 21.62%
Basic Materials 		3.83% 0.00% 100.00% 20.09%
Consumer Cyclical 		3.26% 0.00% 100.00% 31.66%
Utilities 		0.00% 0.00% 99.51% 67.69%
Technology 		0.00% 0.00% 46.47% 63.97%
Real Estate 		0.00% 0.00% 100.00% 63.10%
Industrials 		0.00% 0.00% 100.00% 70.74%
Healthcare 		0.00% 0.00% 100.00% 68.12%
Financial Services 		0.00% 0.00% 100.00% 65.50%
Communication Services 		0.00% 0.00% 100.00% 74.24%
Consumer Defense 		0.00% 0.00% 52.26% 57.64%

Stock Geographic Breakdown

Weighting Return Low Return High FHAIX % Rank
US 		0.70% -28.07% 19.67% 27.53%
Non US 		0.00% -0.39% 13.32% 64.78%

Bond Sector Breakdown

Weighting Return Low Return High FHAIX % Rank
Corporate 		94.95% 0.00% 100.00% 58.24%
Cash & Equivalents 		5.05% 0.00% 100.00% 24.19%
Derivative 		0.00% 0.00% 51.02% 62.97%
Securitized 		0.00% 0.00% 95.38% 75.27%
Municipal 		0.00% 0.00% 16.25% 57.43%
Government 		0.00% 0.00% 74.11% 71.49%

Bond Geographic Breakdown

Weighting Return Low Return High FHAIX % Rank
US 		78.90% 0.00% 127.79% 61.00%
Non US 		14.47% -27.40% 96.73% 41.16%

FHAIX - Expenses

Operational Fees

FHAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.04% 20.17% 72.99%
Management Fee 0.46% 0.00% 1.84% 21.57%
12b-1 Fee 0.15% 0.00% 1.00% 17.60%
Administrative Fee 0.15% 0.00% 0.50% 76.00%

Sales Fees

FHAIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 5.75% 65.08%
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 38.87% 1.00% 349.00% 25.17%

FHAIX - Distributions

Dividend Yield Analysis

FHAIX Category Low Category High FHAIX % Rank
Dividend Yield 0.00% 0.00% 6.09% 58.06%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FHAIX Category Low Category High FHAIX % Rank
Net Income Ratio 5.29% -0.81% 10.22% 44.08%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FHAIX - Fund Manager Analysis

Managers

Glenn Voyles

Start Date

Tenure

Tenure Rank

May 01, 2015

5.51

5.5%

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.

Patricia O'Connor

Start Date

Tenure

Tenure Rank

Aug 01, 2020

0.25

0.3%

Patricia O'Connor, CFA, VP, is a vice president and portfolio manager for the Franklin Templeton Fixed Income Group. Prior to joining Franklin Templeton in 1997, Ms. O'Connor worked for Morgan Stanley Asset Management. She holds a B.S. (Accounting, Lehigh Univ.) and an MBA (Univ. of Chicago). Ms. O'Connor holds a B.S. in accounting from Lehigh University and an M.B.A. in finance and economics from the University of Chicago. She is a Chartered Financial Analyst (CFA) charterholder, as well as a member of the CFA Society of San Francisco and CFA Institute.

Bryant Dieffenbacher

Start Date

Tenure

Tenure Rank

Aug 01, 2020

0.25

0.3%

Mr. Dieffenbacher joined Franklin Templeton in 2010.

S. McGiveran

Start Date

Tenure

Tenure Rank

Aug 01, 2020

0.25

0.3%

Mr. McGiveran joined Franklin Templeton in 2006.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.21 6.49 1.34

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