Franklin High Income Fund (FHAIX)
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."
Fund Info
| ISIN | US3535381012 |
|---|---|
| CUSIP | 353538101 |
| Issuer | Franklin Templeton |
| Inception Date | Dec 31, 1969 |
| Category | High Yield Bonds |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
FHAIX has a high expense ratio of 0.77%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: FHAIX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin High Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Franklin High Income Fund had a return of 3.22% year-to-date (YTD) and 13.05% in the last 12 months. Over the past 10 years, Franklin High Income Fund had an annualized return of 3.79%, while the S&P 500 had an annualized return of 10.97%, indicating that Franklin High Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.22% | 11.29% |
| 1 month | 1.79% | 4.87% |
| 6 months | 8.71% | 17.88% |
| 1 year | 13.05% | 29.16% |
| 5 years (annualized) | 4.89% | 13.20% |
| 10 years (annualized) | 3.79% | 10.97% |
Monthly Returns
The table below presents the monthly returns of FHAIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.02% | 0.93% | 1.08% | -0.55% | 3.22% | ||||||||
| 2023 | 3.61% | -1.24% | 1.73% | 1.07% | -1.25% | 1.77% | 1.15% | 0.53% | -0.69% | -1.84% | 4.30% | 4.13% | 13.84% |
| 2022 | -2.29% | -0.66% | -1.26% | -2.94% | -0.17% | -6.46% | 5.53% | -1.94% | -3.83% | 3.13% | 2.49% | -0.74% | -9.29% |
| 2021 | 1.11% | 0.39% | -0.07% | 0.98% | 0.41% | 1.49% | 0.39% | 0.40% | 0.38% | -0.65% | -0.67% | 1.48% | 5.75% |
| 2020 | -0.08% | -1.72% | -10.03% | 4.24% | 3.35% | 0.98% | 4.58% | 1.00% | -0.67% | 0.47% | 3.78% | 1.53% | 6.75% |
| 2019 | 4.56% | 1.60% | 1.59% | 1.57% | -1.69% | 2.13% | 0.46% | 0.45% | 0.45% | 0.43% | 0.45% | 1.53% | 14.29% |
| 2018 | 0.99% | -1.18% | -0.62% | 0.47% | -0.63% | 0.45% | 1.56% | 0.50% | 1.03% | -2.20% | -1.18% | -2.33% | -3.17% |
| 2017 | 2.06% | 1.51% | -0.09% | 0.44% | 0.96% | -0.09% | 0.96% | -0.09% | 0.97% | -0.09% | -0.09% | 0.10% | 6.73% |
| 2016 | -2.47% | -0.66% | 5.02% | 4.19% | 1.13% | 1.71% | 2.83% | 3.33% | 0.51% | 0.99% | -0.63% | 2.11% | 19.32% |
| 2015 | -0.00% | 3.06% | -0.99% | 1.51% | 0.51% | -2.50% | -2.06% | -3.18% | -3.85% | 3.45% | -2.80% | -4.08% | -10.74% |
| 2014 | 0.53% | 2.43% | 0.04% | 0.52% | 0.99% | 0.98% | -1.39% | 1.42% | -2.34% | 0.48% | -0.97% | -2.94% | -0.39% |
| 2013 | 1.05% | 0.58% | 1.01% | 1.96% | -0.42% | -2.80% | 2.01% | -0.92% | 1.04% | 2.97% | 0.53% | 0.52% | 7.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FHAIX is 88, placing it in the top 12% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FHAIX (Franklin High Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin High Income Fund (FHAIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin High Income Fund granted a 6.70% dividend yield in the last twelve months. The annual payout for that period amounted to $0.12 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.12 | $0.10 | $0.10 | $0.11 | $0.10 | $0.10 | $0.10 | $0.10 | $0.11 | $0.12 | $0.13 | $0.13 |
Dividend yield | 6.70% | 6.09% | 5.97% | 5.62% | 5.19% | 5.45% | 6.01% | 5.49% | 5.84% | 7.19% | 6.36% | 6.35% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.01 | $0.02 | $0.01 | $0.01 | $0.00 | $0.04 | |||||||
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2021 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2017 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 2016 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.11 |
| 2015 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.12 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.13 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin High Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin High Income Fund was 51.75%, occurring on Jan 16, 1991. Recovery took 3092 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -51.75% | Jun 23, 1980 | 2674 | Jan 16, 1991 | 3092 | Apr 22, 2003 | 5766 |
| -31.6% | May 6, 2008 | 150 | Dec 5, 2008 | 169 | Aug 10, 2009 | 319 |
| -21.51% | Sep 5, 2014 | 362 | Feb 11, 2016 | 175 | Oct 20, 2016 | 537 |
| -20.02% | Jan 22, 2020 | 43 | Mar 23, 2020 | 92 | Aug 3, 2020 | 135 |
| -15.42% | Jan 2, 1980 | 64 | Apr 1, 1980 | 52 | Jun 16, 1980 | 116 |
Volatility
Volatility Chart
The current Franklin High Income Fund volatility is 1.62%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.