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Nasdaq - Delayed Quote USD

Franklin High Income A1 (FHAIX)

1.7000
-0.0200
(-1.16%)
At close: 8:03:48 PM EDT

Fund Summary

The fund invests predominantly in high yield, lower-rated debt securities. Lower-rated securities generally pay higher yields than more highly rated securities to compensate investors for the higher risk. These securities include bonds, notes, debentures, convertible securities and senior and subordinated debt securities. It may invest up to 100% of its total assets in debt securities that are rated below investment grade, also known as "junk bonds."

Franklin High Income A1

San Mateo, CA 94403-1906
One Franklin Parkway

Fund Overview

Category High Yield Bond
Fund Family Franklin Templeton Investments
Net Assets 2.75B
YTD Return 0.96%
Yield 6.37%
Morningstar Rating
Inception Date Dec 31, 1996

Fund Operations

Last Dividend 0.03
Last Cap Gain -33.00
Holdings Turnover 36.83%
Average for Category --

Fees & Expenses

Expense FHAIX Category Average
Annual Report Expense Ratio (net) 0.74% 0.95%
Prospectus Net Expense Ratio 0.74% --
Prospectus Gross Expense Ratio 0.75% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 3.88%
Max Deferred Sales Load -- 1.28%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Glenn Voyles is a senior vice president and the director of High Yield. Mr. Voyles is the lead or co-portfolio manager of various US and global high yield accounts. Mr. Voyles joined Franklin Templeton in 1993. Prior to being appointed the Director of Portfolio Management, he was a high yield portfolio manager and research analyst with primary coverage of the energy sector. Mr. Voyles holds a B.A. in economics from Stanford University. He is a Chartered Financial Analyst (CFA) charterholder, a member of Security Analysts of San Francisco (SASF), and the CFA Institute.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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