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 07/31/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1969
Fund without Sales Charge (%) (NAV) 3.90 3.88 4.93 5.66 7.49
Fund with Sales Charge (%) (POP) 0.10 2.64 4.17 5.23 7.41
ICE BofA US High Yield Constrained Index (%) 2.99 4.12 5.67 6.59
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1969
Fund without Sales Charge (%) (NAV) -0.19 2.67 3.56 5.58 7.41
Fund with Sales Charge (%) (POP) -3.85 1.44 2.73 5.19 7.32
ICE BofA US High Yield Constrained Index (%) -1.17 2.92 4.57 6.46

After-Tax Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.61 1.52 2.41 3.01
Fund without Sales Charge (%) (NAV) After Shares Sold 2.26 1.92 2.61 3.19
Fund with Sales Charge (%) (POP) Before Shares Sold -2.11 0.31 1.67 2.60
Fund with Sales Charge (%) (POP) After Shares Sold 0.01 0.98 2.03 2.85
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -2.36 0.34 1.07 2.93
Fund without Sales Charge (%) (NAV) After Shares Sold -0.11 1.04 1.59 3.16
Fund with Sales Charge (%) (POP) Before Shares Sold -5.94 -0.86 0.26 2.56
Fund with Sales Charge (%) (POP) After Shares Sold -2.27 0.11 0.95 2.86

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 BofA 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 07/31/2020

Month EndAs of 07/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) 9.15 0.53 3.90 12.10 27.17 73.37 3,755.76
Fund with Sales Charge (%) (POP) 4.79 -3.12 0.10 8.14 22.66 66.57 3,611.78
ICE BofA US High Yield Constrained Index (%) 10.54 -0.33 2.99 12.89 31.79 89.37
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) 8.79 -3.88 -0.19 8.22 19.09 72.04 3,586.68
Fund with Sales Charge (%) (POP) 4.91 -7.37 -3.85 4.37 14.39 65.93 3,449.01
ICE BofA US High Yield Constrained Index (%) 9.54 -4.84 -1.17 9.02 25.05 87.02

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 8.36 8.38 7.57
Standard Deviation (ICE BofA US High Yield Constrained Index) 9.09 8.13 7.07
Beta 0.91 1.00 1.04
Sharpe Ratio 0.27 0.45 0.67
Information Ratio -0.15 -0.38 -0.54
Tracking Error 1.58 2.00 1.74

ADDITIONAL RISK STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.91 1.00 1.06
Beta Bear 0.83 0.85 0.86
Bull Bear Capture Ratio 0.97 0.90 0.87
Gains/Losses 1.57 1.65 1.81

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 07/31/2020 Updated Monthly, based on a 3-year period

Beta 0.91
Sharpe Ratio 0.27
Standard Deviation 8.36

Benchmarks

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

  • ICE BofA US High Yield Constrained Index