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 10/31/2019

Month EndAs of 10/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 12/31/1969
Fund without Sales Charge (%) (NAV) 8.15 5.51 3.46 6.48 7.55
Fund with Sales Charge (%) (POP) 4.10 4.21 2.68 6.09 7.47
Credit Suisse High Yield Index (%) 7.77 5.85 5.00 7.55
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 12/31/1969
Fund without Sales Charge (%) (NAV) 5.31 5.71 3.47 6.61 7.55
Fund with Sales Charge (%) (POP) 1.47 4.40 2.69 6.22 7.47
Credit Suisse High Yield Index (%) 5.79 5.97 5.16 7.73

After-Tax Average Annual Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.69 3.10 0.92 3.76
Fund without Sales Charge (%) (NAV) After Shares Sold 4.77 3.14 1.44 3.84
Fund with Sales Charge (%) (POP) Before Shares Sold 1.74 1.83 0.16 3.39
Fund with Sales Charge (%) (POP) After Shares Sold 2.37 2.15 0.85 3.52
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.88 3.28 0.92 3.89
Fund without Sales Charge (%) (NAV) After Shares Sold 3.08 3.28 1.45 3.95
Fund with Sales Charge (%) (POP) Before Shares Sold -0.87 2.00 0.17 3.51
Fund with Sales Charge (%) (POP) After Shares Sold 0.81 2.29 0.86 3.63

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) -3.19 6.73 19.32 -10.74 -0.39 7.64 15.71 4.55 13.14 44.33
Fund with Sales Charge (%) (POP) -7.14 2.33 14.49 -14.62 -4.47 3.20 10.58 0.05 8.59 38.60
Credit Suisse High Yield Index (%) -2.37 7.03 18.39 -4.90 1.86 7.53 14.71 5.47 14.42 54.22

Cumulative Total Returns [further-information] As of 10/31/2019

Month EndAs of 10/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) 1.34 12.05 8.15 17.46 18.53 87.33 3,660.74
Fund with Sales Charge (%) (POP) -2.37 7.67 4.10 13.18 14.14 80.60 3,520.31
Credit Suisse High Yield Index (%) 0.76 11.28 7.77 18.60 27.62 107.10
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) 1.38 11.56 5.31 18.12 18.59 89.70 3,644.46
Fund with Sales Charge (%) (POP) -2.34 7.20 1.47 13.79 14.20 82.82 3,504.64
Credit Suisse High Yield Index (%) 1.03 11.08 5.79 18.99 28.60 110.50

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.56 6.82 6.77
Standard Deviation (Credit Suisse High Yield Index) 4.10 5.42 5.61
Beta 1.07 1.23 1.18
Sharpe Ratio 0.86 0.36 0.88
Information Ratio -0.28 -0.80 -0.65
Tracking Error 1.20 1.92 1.65

ADDITIONAL RISK STATISTICSAs of 10/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.02 1.13 1.18
Beta Bear 1.08 1.30 1.18
Bull Bear Capture Ratio 0.86 0.77 0.81
% of Positive Months 63.89 60.00 67.50
Gains/Losses 2.50 1.49 2.02
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 10/31/2019 Updated Monthly, based on a 3-year period

Beta 1.07
Sharpe Ratio 0.86
Standard Deviation 4.56

Benchmarks

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

  • Credit Suisse High Yield Index