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Franklin High Income Fund

Fund Category: Fixed IncomeGo to Prices & Performance page
showing this category of funds.

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Symbol FHAIX
CUSIP 353 538 101
Fund Number 105
Inception Date1 Dec 31, 1969
Distributions Monthly
Total Net Assets
(all share classes)
As of 03/31/2014
$6,898.6
(millions)

As of  04/24/2014

NAV2 $2.14  
NAV Change $0.00  
POP3 $2.23  
YTD Total Return at NAV 3.55%
Distribution Rate at NAV 6.17%
30-day Standardized Yield4,5
As of 03/31/2014 (updated monthly)
4.13%

Average Annual Total Returns
As of Quarter End 03/31/2014

w/ Sales Charge w/o Sales Charge
1 Yr 3.60% 8.02%
5 Yrs 15.01% 16.08%
10 Yrs 7.64% 8.10%
Life 8.00% 8.11%

Expense Ratio and Sales Charge As of 10/01/2013 (updated annually)

Gross Expense Ratio6 0.78%
Net Expense Ratio 0.77%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.15%

Fund Description

Strategy Statement
Portfolio Managers
Christopher Molumphy
"The fund focuses on higher-yielding, lower-rated corporate bonds. We examine financial structure, cash flow, earnings prospects, market share and strategic positioning."

Christopher J. Molumphy, CFA®
Joined Franklin Templeton in 1988
Managed Fund since 1991

Strategy, Benefits, Results

Strategy

  • We conduct independent, bottom-up analysis focusing on critical factors that affect a company's long-term performance.
  • We seek to opportunistically invest in companies and sectors that are infrequently followed or are out of favor with the marketplace.
  • We adhere to a long-term disciplined approach through changing market environments, supported by separate risk management and quantitative research groups.

Benefits

  • Diversified Portfolio. We invest in hundreds of securities representing various industries, thereby helping to reduce the potential negative impact any one security or sector may have on the fund's overall performance.
  • Proven Track Record. With performance dating back to 1969, our fund has successfully navigated a variety of economic environments.
  • Global Fixed Income Expertise. Investors have full access to the research resources of the Franklin Templeton Fixed Income Group ®.

Results

Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

All investments involve risks, including possible loss of principal. The risks associated with higher-yielding, lower-rated securities include higher risk of default and loss of principal. Changes in the financial strength of a bond issuer or in a bond’s credit rating may affect its value. In addition, interest rate movements will affect the fund’s share price and yield. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in the fund adjust to a rise in interest rates, the fund’s share price may decline. Investment in foreign securities also involves special risks, including currency fluctuations, and political and economic uncertainty. These and other risk considerations are discussed in the fund’s prospectus.

Minimum Investment

$1,000.00

How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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Important Legal Information

Footnotes

For U.S. residents only.