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 06/30/2020

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Month EndAs of 08/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 12/31/1969
Fund without Sales Charge (%) (NAV) 4.47 4.26 5.81 5.81 7.50
Fund with Sales Charge (%) (POP) 0.64 3.01 5.02 5.38 7.41
ICE BofA US High Yield Constrained Index (%) 3.62 4.48 6.26 6.68
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

Calendar Year Returns

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
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 06/30/2020

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Month EndAs of 08/31/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) 1.53 4.47 13.32 32.66 75.83 3,794.32
Fund with Sales Charge (%) (POP) -2.15 0.64 9.30 27.77 68.86 3,648.90
ICE BofA US High Yield Constrained Index (%) 0.67 3.62 14.05 35.51 90.97
Quarter EndAs of 06/30/2020 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 12/31/1969
Fund without Sales Charge (%) (NAV) -3.88 -0.19 8.22 19.09 72.04 3,586.68
Fund with Sales Charge (%) (POP) -7.37 -3.85 4.37 14.39 65.93 3,449.01
ICE BofA US High Yield Constrained Index (%) -4.84 -1.17 9.02 25.05 87.02

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 08/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.17 1.89 3.28 3.16
Fund without Sales Charge (%) (NAV) After Shares Sold 2.59 2.21 3.30 3.31
Fund with Sales Charge (%) (POP) Before Shares Sold -1.57 0.67 2.51 2.74
Fund with Sales Charge (%) (POP) After Shares Sold 0.32 1.26 2.69 2.96
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

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 08/31/2020 Updated Monthly, based on a 3-year period

Beta 0.91
Sharpe Ratio 0.32
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