FHRRX: Franklin High Income Fund - MutualFunds.com

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Franklin High Income R6

FHRRX - Snapshot

Vitals

  • YTD Return -2.2%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 6.7%
  • Net Assets $2.82 B
  • Holdings in Top 10 11.5%

52 WEEK LOW AND HIGH

$1.82
$1.48
$1.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.55%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 38.87%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

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

Compare FHRRX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$5.83

-0.17%

$27.23 B

5.43%

$0.32

-2.18%

0.23%

$84.87

+0.12%

$25.71 B

5.18%

$4.39

-4.34%

0.49%

$7.53

0.00%

$24.81 B

5.75%

$0.43

-3.09%

0.60%

$5.34

0.00%

$19.52 B

6.21%

$0.33

-4.30%

0.80%

$9.75

+0.10%

$16.70 B

6.43%

$0.63

-3.27%

0.72%

FHRRX - Profile

Distributions

  • YTD Total Return -2.2%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.55%
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
    May 01, 2013
  • Shares Outstanding
    40059229
  • Share Class
    Retirement
  • 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."


FHRRX - Performance

Return Ranking - Trailing

Period FHRRX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.2% -52.4% 377.3% 27.62%
1 Yr 3.0% -51.6% 10.0% 21.84%
3 Yr 4.0%* -20.4% 8.3% 17.03%
5 Yr 6.7%* -0.7% 9.5% 7.06%
10 Yr 5.6%* 1.0% 9.4% 43.99%

* Annualized

Return Ranking - Calendar

Period FHRRX Return Category Return Low Category Return High Rank in Category (%)
2019 8.8% -10.3% 226.1% 29.78%
2018 -9.0% -18.4% -0.2% 78.88%
2017 1.1% -9.5% 18.8% 52.75%
2016 12.0% -9.1% 28.6% 3.20%
2015 -16.2% -34.3% 3.5% 95.95%

Total Return Ranking - Trailing

Period FHRRX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.2% -52.4% 374.3% 27.75%
1 Yr 3.0% -51.6% 10.0% 18.13%
3 Yr 4.0%* -20.4% 8.3% 15.43%
5 Yr 6.7%* -1.0% 9.5% 6.91%
10 Yr 5.6%* 1.0% 9.4% 41.34%

* Annualized

Total Return Ranking - Calendar

Period FHRRX Return Category Return Low Category Return High Rank in Category (%)
2019 9.3% -8.1% 23.9% 16.69%
2018 -4.0% -18.4% 1.3% 18.24%
2017 7.0% -8.5% 18.8% 8.49%
2016 19.7% -9.1% 39.0% 1.07%
2015 -10.5% -32.4% 3.5% 75.14%

NAV & Total Return History


FHRRX - Holdings

Concentration Analysis

FHRRX Category Low Category High FHRRX % Rank
Net Assets 2.82 B 3.48 M 27.2 B 18.49%
Number of Holdings 273 1 2037 61.77%
Net Assets in Top 10 325 M -476 M 2.87 B 18.10%
Weighting of Top 10 11.48% 3.0% 100.0% 55.11%

Top 10 Holdings

  1. Franklin IFT Money Market 2.23%
  2. BWAY Holding Company 7.25% 1.20%
  3. Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 6.75% 1.09%
  4. CSC Holdings, LLC 5.25% 1.08%
  5. CHENIERE ENERGY PARTNERS L P 5.25% 1.06%
  6. Altice France Holdings S A 10.5% 1.03%
  7. Vistra Operations Co LLC 5.62% 0.99%
  8. Blackboard Inc. 10.38% 0.96%
  9. Bausch Health Companies Inc 9.25% 0.92%
  10. CEMEX S.A.B. de C.V. 5.7% 0.91%

Asset Allocation

Weighting Return Low Return High FHRRX % Rank
Bonds
96.60% 0.00% 137.50% 31.02%
Cash
1.70% -39.51% 100.00% 73.33%
Stocks
0.66% -28.46% 28.23% 25.44%
Preferred Stocks
0.55% 0.00% 6.39% 19.18%
Convertible Bonds
0.49% 0.00% 19.96% 51.16%
Other
0.00% -2.78% 58.14% 40.41%

Stock Sector Breakdown

Weighting Return Low Return High FHRRX % Rank
Energy
90.40% 0.00% 100.00% 17.14%
Consumer Cyclical
5.02% 0.00% 100.00% 27.93%
Basic Materials
4.59% 0.00% 100.00% 20.89%
Utilities
0.00% 0.00% 99.51% 37.56%
Technology
0.00% 0.00% 45.66% 32.39%
Real Estate
0.00% 0.00% 100.00% 24.41%
Industrials
0.00% 0.00% 100.00% 44.60%
Healthcare
0.00% 0.00% 100.00% 41.08%
Financial Services
0.00% 0.00% 100.00% 36.38%
Communication Services
0.00% 0.00% 100.00% 50.94%
Consumer Defense
0.00% 0.00% 56.08% 15.73%

Stock Geographic Breakdown

Weighting Return Low Return High FHRRX % Rank
US
0.66% -28.07% 19.67% 22.99%
Non US
0.00% -0.39% 13.32% 31.02%

Bond Sector Breakdown

Weighting Return Low Return High FHRRX % Rank
Corporate
97.52% 0.00% 100.00% 21.25%
Cash & Equivalents
2.48% 0.00% 100.00% 66.21%
Derivative
0.00% 0.00% 51.02% 26.70%
Securitized
0.00% 0.00% 95.69% 46.32%
Municipal
0.00% 0.00% 16.25% 14.71%
Government
0.00% 0.00% 71.97% 44.82%

Bond Geographic Breakdown

Weighting Return Low Return High FHRRX % Rank
US
81.17% 0.00% 128.94% 47.62%
Non US
15.43% -28.02% 97.08% 33.33%

FHRRX - Expenses

Operational Fees

FHRRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.04% 20.17% 89.55%
Management Fee 0.46% 0.00% 1.84% 19.29%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 0.50% 68.50%

Sales Fees

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

Trading Fees

FHRRX 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.

FHRRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.87% 1.00% 349.00% 25.71%

FHRRX - Distributions

Dividend Yield Analysis

FHRRX Category Low Category High FHRRX % Rank
Dividend Yield 0.00% 0.00% 7.15% 16.26%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FHRRX Category Low Category High FHRRX % Rank
Net Income Ratio 5.55% -0.81% 10.03% 29.36%

Capital Gain Distribution Analysis

FHRRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

FHRRX - Fund Manager Analysis

Managers

Glenn Voyles


Start Date

Tenure

Tenure Rank

May 01, 2015

5.42

5.4%

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.

S. McGiveran


Start Date

Tenure

Tenure Rank

Aug 01, 2020

0.16

0.2%

Mr. McGiveran joined Franklin Templeton in 2006.

Patricia O'Connor


Start Date

Tenure

Tenure Rank

Aug 01, 2020

0.16

0.2%

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

0.16

0.2%

Mr. Dieffenbacher joined Franklin Templeton in 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 36.13 6.43 1.25