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Franklin High Income Fund Series A

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(01-22-2025)
$4.98
Change
$0.00 (-0.03%)

As at December 31, 2024

As at September 30, 2024

Period

Chart

Combination chart with 2 data series.
The chart has 2 X axes displaying Time and navigator-x-axis.
The chart has 2 Y axes displaying values and navigator-y-axis.
End of interactive chart.

Legend

Franklin High Income Fund Series A

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Fund Returns

Inception Return (February 17, 2003): 3.25%

Fund Returns
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 -0.27% 0.64% 3.55% 8.29% 8.29% 9.54% 3.19% 3.22% 3.18% 4.46% 2.99% 3.20% 4.63% 2.94%
Benchmark 2.08% 5.25% 9.99% 17.23% 17.23% 13.74% 6.39% 4.89% 5.14% 5.61% 5.57% 5.24% 5.84% 6.72%
Category Average -0.34% 0.42% 4.45% 7.12% 7.12% 7.85% 1.54% 1.95% 2.63% 3.74% 2.80% 3.12% 3.82% 3.15%
Category Rank 204 / 303 180 / 303 267 / 302 129 / 301 129 / 301 90 / 295 74 / 286 110 / 277 134 / 272 118 / 262 137 / 237 134 / 226 88 / 198 146 / 182
Quartile Ranking 3 3 4 2 2 2 2 2 2 2 3 3 2 4

Monthly Return

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -0.4835 to 2.9503.
End of interactive chart.
Monthly Return
Return % Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Fund 0.87% 0.73% 0.94% -0.06% 0.88% 1.15% 2.03% 0.31% 0.53% -0.11% 1.03% -0.27%
Benchmark 1.39% 1.87% 0.83% 0.55% 0.00% 1.79% 2.95% -0.48% 2.00% 2.26% 0.82% 2.08%

Best Monthly Return Since Inception

9.13% (April 2009)

Worst Monthly Return Since Inception

-13.91% (October 2008)

Calendar Return (%)

Chart

Bar chart with 2 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -11.102207 to 17.230188.
End of interactive chart.
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund -11.10% 16.84% 4.65% -5.39% 11.08% 3.02% 3.31% -8.42% 10.80% 8.29%
Benchmark 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36% 17.23%
Category Average -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59% 7.12%
Quartile Ranking 4 1 3 4 2 3 3 2 2 2
Category Rank 182/ 182 24/ 198 126/ 226 224/ 237 105/ 262 196/ 272 177/ 277 81/ 286 77/ 295 129/ 301

Best Calendar Return (Last 10 years)

16.84% (2016)

Worst Calendar Return (Last 10 years)

-11.10% (2015)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 51.79
Foreign Corporate Bonds 43.08
Canadian Corporate Bonds 5.12
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 51.79
Fixed Income 48.21

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.60
Other 1.40

Top Holdings

Top Holdings
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

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Chart

Scatter chart with 3 data series.
The chart has 1 X axis displaying Risk (Annualized Standard Deviation). Data ranges from 0.6551 to 13.5181.
The chart has 1 Y axis displaying Return. Data ranges from -4.485139 to 10.324205.
End of interactive chart.

Franklin High Income Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 7.16% 7.92% 7.25%
Beta 0.88% 0.93% 0.57%
Alpha -0.02% -0.01% -0.01%
Rsquared 0.68% 0.74% 0.31%
Sharpe -0.03% 0.14% 0.21%
Sortino 0.08% 0.07% 0.03%
Treynor 0.00% 0.01% 0.03%
Tax Efficiency 32.55% 36.40% 28.74%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.22% 7.16% 7.92% 7.25%
Beta 0.14% 0.88% 0.93% 0.57%
Alpha 0.06% -0.02% -0.01% -0.01%
Rsquared 0.05% 0.68% 0.74% 0.31%
Sharpe 1.64% -0.03% 0.14% 0.21%
Sortino 7.11% 0.08% 0.07% 0.03%
Treynor 0.26% 0.00% 0.01% 0.03%
Tax Efficiency 75.30% 32.55% 36.40% 28.74%

Fund Details

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

Fund Codes

FundServ Code Load Code Sales Status
TML186
TML188
TML190

Investment Objectives

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.

Investment Strategy

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.

Portfolio Manager(s)

Name Start Date
Franklin Advisers, Inc. 02-17-2003
Glenn Voyles 02-03-2016
Darcy Briggs 12-08-2020

Management and Organization

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

Investment Minimums

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

Fees

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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