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High Yield Fixed Income
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (12-20-2024) |
$4.93 |
|---|---|
| Change |
$0.01
(0.18%)
|
As at November 30, 2024
As at September 30, 2024
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Inception Return (February 17, 2003): 3.28%
| Row Heading | Return | Annualized Return | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mth | 3 Mth | 6 Mth | YTD | 1 Yr | 2 Yr | 3 Yr | 4 Yr | 5 Yr | 6 Yr | 7 Yr | 8 Yr | 9 Yr | 10 Yr | |
| Fund | 1.03% | 1.45% | 5.02% | 8.59% | 11.41% | 9.54% | 3.70% | 3.53% | 3.54% | 3.99% | 3.04% | 3.51% | 4.20% | 2.71% |
| Benchmark | 0.82% | 5.17% | 9.67% | 14.84% | 15.87% | 12.91% | 5.71% | 4.51% | 4.92% | 5.53% | 4.90% | 5.16% | 5.85% | 6.42% |
| Category Average | 1.12% | 2.01% | 5.52% | 7.49% | 10.61% | 7.81% | 1.98% | 2.44% | 2.94% | 3.57% | 2.87% | 3.33% | 3.63% | 3.03% |
| Category Rank | 191 / 304 | 261 / 304 | 230 / 302 | 104 / 302 | 130 / 302 | 83 / 296 | 68 / 287 | 117 / 278 | 123 / 272 | 134 / 260 | 135 / 237 | 123 / 225 | 103 / 199 | 150 / 183 |
| Quartile Ranking | 3 | 4 | 4 | 2 | 2 | 2 | 1 | 2 | 2 | 3 | 3 | 3 | 3 | 4 |
| Return % | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 2.60% | 0.87% | 0.73% | 0.94% | -0.06% | 0.88% | 1.15% | 2.03% | 0.31% | 0.53% | -0.11% | 1.03% |
| Benchmark | 0.89% | 1.39% | 1.87% | 0.83% | 0.55% | 0.00% | 1.79% | 2.95% | -0.48% | 2.00% | 2.26% | 0.82% |
9.13% (April 2009)
-13.91% (October 2008)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.86% | -11.10% | 16.84% | 4.65% | -5.39% | 11.08% | 3.02% | 3.31% | -8.42% | 10.80% |
| Benchmark | 8.91% | 14.93% | 10.80% | 2.96% | 5.36% | 7.98% | 6.14% | 0.50% | -6.92% | 10.36% |
| Category Average | 2.69% | -2.71% | 9.58% | 5.34% | -2.63% | 9.49% | 5.35% | 3.21% | -10.00% | 8.59% |
| Quartile Ranking | 4 | 4 | 1 | 3 | 4 | 2 | 3 | 3 | 2 | 2 |
| Category Rank | 171/ 171 | 183/ 183 | 24/ 199 | 127/ 227 | 224/ 238 | 106/ 263 | 197/ 273 | 177/ 278 | 81/ 287 | 77/ 296 |
16.84% (2016)
-11.10% (2015)
| Name | Percent |
|---|---|
| Cash and Equivalents | 51.79 |
| Foreign Corporate Bonds | 43.08 |
| Canadian Corporate Bonds | 5.12 |
| Other | 0.01 |
| Name | Percent |
|---|---|
| Cash and Cash Equivalent | 51.79 |
| Fixed Income | 48.21 |
| Name | Percent |
|---|---|
| North America | 98.60 |
| Other | 1.40 |
| Name | Percent |
|---|---|
| CASH | 44.77 |
| GTCR (AP) Finance Inc 8.00% 15-May-2027 | 3.42 |
| Teva Pharmaceuticl Fnce III BV 7.13% 31-Jan-2025 | 2.74 |
| Saturn Oil & Gas Inc 9.63% 15-Jun-2029 | 2.70 |
| Live Nation Entertainment Inc 4.88% 01-Nov-2024 | 2.05 |
| Carnival Holdings Bermuda Ltd 10.38% 01-May-2028 | 2.03 |
| Enova International Inc 11.25% 15-Dec-2028 | 1.84 |
| Magnolia Oil & Gas Oprt LLC 6.00% 01-Aug-2026 | 1.84 |
| Credit Acceptance Corp 9.25% 15-Dec-2028 | 1.83 |
| CCM Merger Inc 6.38% 01-May-2026 | 1.71 |
Franklin High Income Fund Series A
Median
Other - High Yield Fixed Income
| Standard Deviation | 7.17% | 7.93% | 7.30% |
|---|---|---|---|
| Beta | 0.90% | 0.95% | 0.58% |
| Alpha | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.70% | 0.75% | 0.32% |
| Sharpe | 0.05% | 0.19% | 0.18% |
| Sortino | 0.17% | 0.13% | -0.01% |
| Treynor | 0.00% | 0.02% | 0.02% |
| Tax Efficiency | 43.23% | 41.45% | 18.41% |
| Volatility |
|
|
|
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 2.70% | 7.17% | 7.93% | 7.30% |
| Beta | 0.16% | 0.90% | 0.95% | 0.58% |
| Alpha | 0.09% | -0.01% | -0.01% | -0.01% |
| Rsquared | 0.04% | 0.70% | 0.75% | 0.32% |
| Sharpe | 2.36% | 0.05% | 0.19% | 0.18% |
| Sortino | 16.67% | 0.17% | 0.13% | -0.01% |
| Treynor | 0.41% | 0.00% | 0.02% | 0.02% |
| Tax Efficiency | 81.94% | 43.23% | 41.45% | 18.41% |
| Start Date | February 17, 2003 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Monthly |
| Assets ($mil) | $72 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| TML186 | ||
| TML188 | ||
| TML190 |
The Fund’s investment objective is to provide high current income and some long-term capital appreciation by investing primarily in high-yield, lower-rated debt instruments issued in the U.S. and anywhere else in the world.
The sub-advisor employs fundamental analysis in selecting investments for the Fund’s portfolio. The Fund invests primarily in non-investment-grade debt instruments and in preferred equity securities. The Fund may invest in debt instruments that are in default at the time of its investment. The Fund may invest in floating-rate debt instruments, TIPS, RRBs, ABS and MBS, and in hybrid securities, including preferred securities and convertible securities. The Fund may invest in syndicated loans.
| Name | Start Date |
|---|---|
| Franklin Advisers, Inc. | 02-17-2003 |
| Glenn Voyles | 02-03-2016 |
| Darcy Briggs | 12-08-2020 |
| Fund Manager | Franklin Templeton Investments Corp. |
|---|---|
| Advisor | Franklin Templeton Investments Corp. |
| Custodian | JPMorgan Chase Bank |
| Registrar | Franklin Templeton Investments Corp. |
| Distributor | Franklin Templeton Investments Corp. |
| Auditor | PriceWaterhouseCoopers LLP |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 500 |
| PAC Subsequent | 50 |
| SWP Allowed | Yes |
| SWP Min Balance | 5,000 |
| SWP Min Withdrawal | 50 |
| MER | 1.40% |
|---|---|
| Management Fee | 1.15% |
| Load | Choice of Front or No Load |
| FE Max | 6.00% |
| DSC Max | 6.00% |
| Trailer Fee Max (FE) | 0.50% |
| Trailer Fee Max (DSC) | 0.50% |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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