Franklin High Income Fund

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1969
Fund without Sales Charge (%) (NAV) -3.98 1.51 2.26 4.87 7.34
Fund with Sales Charge (%) (POP) -7.48 0.29 1.46 4.45 7.26
ICE BofAML US High Yield Constrained Index (%) -5.27 1.42 3.19 5.65
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1969
Fund without Sales Charge (%) (NAV) -6.44 0.26 1.72 4.66 7.26
Fund with Sales Charge (%) (POP) -9.89 -0.94 0.92 4.24 7.18
Credit Suisse High Yield Index (%) -8.43 0.07 2.40 5.30

After-Tax Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -6.14 -0.81 -0.22 2.23
Fund without Sales Charge (%) (NAV) After Shares Sold -2.30 0.19 0.62 2.63
Fund with Sales Charge (%) (POP) Before Shares Sold -9.56 -2.00 -1.00 1.83
Fund with Sales Charge (%) (POP) After Shares Sold -4.37 -0.72 0.02 2.30
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -8.52 -2.03 -0.75 2.03
Fund without Sales Charge (%) (NAV) After Shares Sold -3.70 -0.71 0.25 2.49
Fund with Sales Charge (%) (POP) Before Shares Sold -11.90 -3.20 -1.53 1.61
Fund with Sales Charge (%) (POP) After Shares Sold -5.74 -1.61 -0.35 2.16

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 14.28 -3.19 6.73 19.32 -10.74 -0.39 7.64 15.71 4.55 13.14
Fund with Sales Charge (%) (POP) 9.81 -6.67 2.33 14.49 -14.62 -4.47 3.20 10.58 0.05 8.59
ICE BofAML US High Yield Constrained Index (%) 14.41 -2.27 7.48 17.49 -4.61 2.51 7.41 15.55 4.37 15.04

Cumulative Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) -7.83 -7.90 -3.98 4.60 11.81 60.90 3,432.43
Fund with Sales Charge (%) (POP) -11.19 -11.24 -7.48 0.89 7.53 54.62 3,300.52
ICE BofAML US High Yield Constrained Index (%) -9.83 -9.83 -5.27 4.34 17.03 73.22
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) -11.65 -11.65 -6.44 0.79 8.89 57.68 3,288.72
Fund with Sales Charge (%) (POP) -14.86 -14.86 -9.89 -2.79 4.68 51.43 3,162.18
Credit Suisse High Yield Index (%) -13.88 -13.88 -8.43 0.22 12.58 67.63

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 7.98 8.33 7.53
Standard Deviation (ICE BofAML US High Yield Constrained Index) 8.72 7.95 7.01
Beta 0.90 1.01 1.05
Sharpe Ratio 0.08 0.21 0.66
Information Ratio -0.21 -0.57 -0.52
Tracking Error 1.58 2.13 1.75

ADDITIONAL RISK STATISTICSAs of 05/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.90 1.01 1.08
Beta Bear 0.83 0.84 0.86
Bull Bear Capture Ratio 0.96 0.87 0.87
Gains/Losses 1.35 1.36 1.80

SALES CHARGE, EXPENSES & FEES As of 10/01/2019 (updated annually)

Gross Expense Ratio 0.77%
Net Expense Ratio [further-information] 0.76%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 05/31/2020 Updated Monthly, based on a 3-year period

Beta 0.90
Sharpe Ratio 0.08
Standard Deviation 7.98

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • ICE BofAML US High Yield Constrained Index