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 03/31/2020

Month 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
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 03/31/2020

Month 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
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
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 03/31/2020

Month 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
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 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 7.41 8.03 7.50
Standard Deviation (Credit Suisse High Yield Index) 8.36 7.78 6.89
Beta 0.87 0.99 1.06
Sharpe Ratio -0.19 0.08 0.54
Information Ratio 0.11 -0.32 -0.36
Tracking Error 1.72 2.11 1.78

ADDITIONAL RISK STATISTICSAs of 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.97 1.10 1.18
Beta Bear 0.80 0.80 0.84
Bull Bear Capture Ratio 1.02 0.93 0.90
Gains/Losses 1.07 1.23 1.64

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 03/31/2020 Updated Monthly, based on a 3-year period

Beta 0.87
Sharpe Ratio -0.19
Standard Deviation 7.41

Benchmarks

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

  • Credit Suisse High Yield Index