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Franklin High Income Fund Series A

High Yield Fixed Income

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(06-21-2024)
$4.90
Change
$0.00 (0.09%)

As at May 31, 2024

As at May 31, 2024

Period
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Legend

Franklin High Income Fund Series A

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Fund Returns

Inception Return (February 17, 2003): 3.12%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.88% 1.77% 6.08% 3.39% 10.51% 6.59% 2.89% 3.86% 2.99% 2.93% 2.41% 3.84% 2.38% 1.94%
Benchmark 0.00% 1.38% 5.64% 4.71% 11.59% 9.36% 3.70% 3.44% 3.27% 4.18% 3.35% 4.92% 4.94% 5.70%
Category Average 1.17% 4.82% 4.82% 1.87% 8.15% 3.69% 0.34% 3.15% 2.38% 2.48% 2.28% 3.12% 2.55% 2.48%
Category Rank 236 / 295 94 / 295 73 / 295 77 / 295 78 / 289 46 / 286 44 / 277 130 / 270 116 / 263 123 / 244 132 / 234 87 / 217 143 / 188 149 / 176
Quartile Ranking 4 2 1 2 2 1 1 2 2 3 3 2 4 4

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.39% 0.86% 1.21% -0.91% -0.99% 3.62% 2.60% 0.87% 0.73% 0.94% -0.06% 0.88%
Benchmark -0.73% 1.08% 2.51% -1.32% 1.59% 2.42% 0.89% 1.39% 1.87% 0.83% 0.55% 0.00%

Best Monthly Return Since Inception

9.13% (April 2009)

Worst Monthly Return Since Inception

-13.91% (October 2008)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund -0.86% -11.10% 16.84% 4.65% -5.39% 11.08% 3.02% 3.31% -8.42% 10.80%
Benchmark 8.91% 14.93% 10.80% 2.96% 5.36% 7.98% 6.14% 0.50% -6.92% 10.36%
Category Average 2.69% -2.71% 9.58% 5.34% -2.63% 9.49% 5.35% 3.21% -10.00% 8.59%
Quartile Ranking 4 4 1 3 4 2 3 3 2 1
Category Rank 169/ 169 181/ 181 23/ 197 126/ 225 221/ 236 104/ 261 196/ 269 172/ 271 77/ 280 71/ 289

Best Calendar Return (Last 10 years)

16.84% (2016)

Worst Calendar Return (Last 10 years)

-11.10% (2015)

Asset Allocation

Asset Allocation
Name Percent
Foreign Corporate Bonds 52.26
Canadian Corporate Bonds 45.01
Cash and Equivalents 2.71
US Equity 0.01
Derivatives 0.00
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 97.28
Cash and Cash Equivalent 2.71
Energy 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 97.15
Other 2.85

Top Holdings

Top Holdings
Name Percent
CASH 2.59
Iliad Holding SAS 7.00% 15-Oct-2028 1.46
Harbour Energy PLC 5.50% 15-Oct-2026 1.45
Jaguar Land Rover Ltd 5.50% 15-Jul-2029 1.41
Wynn Resorts Finance LLC 5.13% 01-Oct-2029 1.39
CCO Holdings LLC 5.38% 01-Jun-2029 1.32
CABLEVISION LIGHTPATH LLC 3.88% 15-Sep-2027 1.29
American Airlines Inc 5.50% 20-Apr-2026 0.98
Consolidated Energy Finance SA 5.63% 15-Oct-2028 0.95
JONES DESLAURIERS INSURANCE MANAGEMENT INC 10.50% 15-Dec-2030 0.80

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Franklin High Income Fund Series A

Median

Other - High Yield Fixed Income

3 Yr Annualized

Standard Deviation 7.23% 7.89% 7.36%
Beta 0.88% 0.98% 0.59%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.71% 0.77% 0.31%
Sharpe 0.03% 0.15% 0.10%
Sortino 0.02% 0.04% -0.14%
Treynor 0.00% 0.01% 0.01%
Tax Efficiency 27.79% 31.41% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 4.48% 7.23% 7.89% 7.36%
Beta 0.55% 0.88% 0.98% 0.59%
Alpha 0.04% 0.00% 0.00% -0.01%
Rsquared 0.25% 0.71% 0.77% 0.31%
Sharpe 1.18% 0.03% 0.15% 0.10%
Sortino 4.14% 0.02% 0.04% -0.14%
Treynor 0.10% 0.00% 0.01% 0.01%
Tax Efficiency 79.87% 27.79% 31.41% -

Fund Details

Start Date February 17, 2003
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $18

Fund Codes

FundServ Code Load Code Sales Status
TML186
TML188
TML190

Investment Objectives

The Fund’s investment objective is to provide high current income and some long-term capital appreciation by investing primarily in high-yield, lower-rated debt instruments issued in the U.S. and anywhere else in the world.

Investment Strategy

The sub-advisor employs fundamental analysis in selecting investments for the Fund’s portfolio. The Fund invests primarily in non-investment-grade debt instruments and in preferred equity securities. The Fund may invest in debt instruments that are in default at the time of its investment. The Fund may invest in floating-rate debt instruments, TIPS, RRBs, ABS and MBS, and in hybrid securities, including preferred securities and convertible securities. The Fund may invest in syndicated loans.

Portfolio Manager(s)

Name Start Date
Franklin Advisers, Inc. 02-17-2003
Glenn Voyles 02-03-2016
Darcy Briggs 12-08-2020

Management and Organization

Fund Manager Franklin Templeton Investments Corp.
Advisor Franklin Templeton Investments Corp.
Custodian JPMorgan Chase Bank
Registrar Franklin Templeton Investments Corp.
Distributor Franklin Templeton Investments Corp.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 5,000
SWP Min Withdrawal 50

Fees

MER 1.39%
Management Fee 1.15%
Load Choice of Front or No Load
FE Max 6.00%
DSC Max 6.00%
Trailer Fee Max (FE) 0.50%
Trailer Fee Max (DSC) 0.50%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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