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 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1969
Fund without Sales Charge (%) (NAV) 0.95 2.31 2.83 5.59 7.40
Fund with Sales Charge (%) (POP) -2.81 1.09 2.03 5.21 7.32
ICE BofAML US High Yield Constrained Index (%) 0.30 2.63 4.05 6.50
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

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 03/31/2020

Month EndAs of 05/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) -4.81 0.95 7.08 14.99 72.33 3,551.02
Fund with Sales Charge (%) (POP) -8.26 -2.81 3.29 10.59 66.18 3,414.68
ICE BofAML US High Yield Constrained Index (%) -5.74 0.30 8.11 21.98 87.66
Quarter EndAs of 03/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) -11.65 -6.44 0.79 8.89 57.68 3,288.72
Fund with Sales Charge (%) (POP) -14.86 -9.89 -2.79 4.68 51.43 3,162.18
Credit Suisse High Yield Index (%) -13.88 -8.43 0.22 12.58 67.63

After-Tax Average Annual Total Returns [further-information] As of 03/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold -1.27 -0.02 0.35 2.94
Fund without Sales Charge (%) (NAV) After Shares Sold 0.58 0.77 1.04 3.18
Fund with Sales Charge (%) (POP) Before Shares Sold -4.95 -1.21 -0.43 2.57
Fund with Sales Charge (%) (POP) After Shares Sold -1.64 -0.15 0.43 2.87
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

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 06/30/2020 Updated Monthly, based on a 3-year period

Beta 0.90
Sharpe Ratio 0.13
Standard Deviation 7.99

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