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 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1969
Fund without Sales Charge (%) (NAV) 14.28 5.70 4.69 6.32 7.57
Fund with Sales Charge (%) (POP) 9.81 4.40 3.86 5.94 7.48
Credit Suisse High Yield Index (%) 14.00 6.01 6.05 7.36
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1969
Fund without Sales Charge (%) (NAV) 14.28 5.70 4.69 6.32 7.57
Fund with Sales Charge (%) (POP) 9.81 4.40 3.86 5.94 7.48
Credit Suisse High Yield Index (%) 14.00 6.01 6.05 7.36

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

No chart available for this data.
Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold
No chart available for this data.
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold
Fund without Sales Charge (%) (NAV) After Shares Sold
Fund with Sales Charge (%) (POP) Before Shares Sold
Fund with Sales Charge (%) (POP) After Shares Sold

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 -7.14 2.33 14.49 -14.62 -4.47 3.20 10.58 0.05 8.59
Credit Suisse High Yield Index (%) 14.00 -2.37 7.03 18.39 -4.90 1.86 7.53 14.71 5.47 14.42

Cumulative Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) 2.43 14.28 14.28 18.08 25.76 84.57 3,735.60
Fund with Sales Charge (%) (POP) -1.32 9.81 9.81 13.79 20.88 78.04 3,592.37
Credit Suisse High Yield Index (%) 2.63 14.00 14.00 19.12 34.12 103.36
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) 2.43 14.28 14.28 18.08 25.76 84.57 3,735.60
Fund with Sales Charge (%) (POP) -1.32 9.81 9.81 13.79 20.88 78.04 3,592.37
Credit Suisse High Yield Index (%) 2.63 14.00 14.00 19.12 34.12 103.36

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.46 6.65 6.74
Standard Deviation (Credit Suisse High Yield Index) 4.10 5.35 5.58
Beta 1.05 1.21 1.19
Sharpe Ratio 0.91 0.55 0.86
Information Ratio -0.26 -0.73 -0.63
Tracking Error 1.21 1.86 1.64

ADDITIONAL RISK STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.98 1.11 1.17
Beta Bear 1.16 1.28 1.18
Bull Bear Capture Ratio 0.89 0.76 0.81
% of Positive Months 66.67 63.33 67.50
Gains/Losses 2.64 1.72 1.99
Maximum Drawdown
5.61 16.93 18.42

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 0.75%

Volatility Measures [further-information] As of 12/31/2019 Updated Monthly, based on a 3-year period

Beta 1.05
Sharpe Ratio 0.91
Standard Deviation 4.46

Benchmarks

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

  • Credit Suisse High Yield Index