Franklin High Income Fund (FHRRX)
The fund primarily invests in high-yield, lower-rated debt securities offering higher yields to compensate investors for the increased risk. These securities consist of bonds, notes, debentures, convertible securities, and various debt securities. The fund may allocate its total assets to below-investment-grade debt securities, commonly called "junk bonds."
Fund Info
| ISIN | US3535386060 |
|---|---|
| Issuer | Franklin Templeton |
| Inception Date | May 1, 2013 |
| Category | High Yield Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
FHRRX has a high expense ratio of 0.50%, indicating higher-than-average management fees.
Share Price Chart
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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 3.33% year-to-date (YTD) and 12.74% in the last 12 months. Over the past 10 years, Franklin High Income Fund had an annualized return of 3.93%, 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 | 3.33% | 11.29% |
| 1 month | 1.82% | 4.87% |
| 6 months | 8.91% | 17.88% |
| 1 year | 12.74% | 29.16% |
| 5 years (annualized) | 4.89% | 13.20% |
| 10 years (annualized) | 3.93% | 10.97% |
Monthly Returns
The table below presents the monthly returns of FHRRX, 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 | -0.01% | 0.97% | 1.10% | -0.54% | 3.33% | ||||||||
| 2023 | 4.27% | -1.21% | 1.13% | 1.09% | -1.22% | 1.80% | 1.17% | 0.56% | -0.68% | -1.83% | 4.35% | 4.17% | 14.20% |
| 2022 | -2.26% | -1.20% | -0.67% | -3.48% | 0.44% | -7.03% | 6.22% | -2.51% | -3.84% | 3.16% | 2.54% | -0.72% | -9.60% |
| 2021 | 0.35% | 0.41% | -0.06% | 1.55% | 0.44% | 0.98% | 0.41% | 0.42% | 0.41% | -0.10% | -1.18% | 2.04% | 5.79% |
| 2020 | -0.06% | -1.71% | -10.01% | 3.65% | 4.00% | 1.00% | 4.62% | 1.02% | -1.20% | 0.49% | 3.81% | 1.56% | 6.48% |
| 2019 | 5.19% | 1.62% | 1.05% | 1.60% | -1.68% | 2.72% | 0.49% | 0.48% | 0.47% | -0.08% | 0.47% | 2.09% | 15.25% |
| 2018 | 1.02% | -1.16% | -1.14% | 0.50% | -0.06% | 0.48% | 1.03% | 1.07% | 0.49% | -1.65% | -1.16% | -2.87% | -3.50% |
| 2017 | 2.09% | 1.53% | -0.59% | 0.99% | 0.46% | -0.06% | 1.52% | -0.59% | 0.99% | 0.45% | -0.06% | 0.12% | 7.02% |
| 2016 | -2.44% | -0.63% | 5.04% | 4.22% | 1.15% | 1.73% | 2.87% | 2.80% | 1.09% | 0.47% | -0.61% | 2.68% | 19.71% |
| 2015 | 0.02% | 3.09% | -0.98% | 1.54% | 0.52% | -2.46% | -2.03% | -3.14% | -3.83% | 3.47% | -2.77% | -4.06% | -10.47% |
| 2014 | 0.00% | 1.01% | 0.99% | -1.37% | 1.44% | -2.32% | 0.51% | -0.94% | -2.92% | -3.63% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FHRRX is 90, placing it in the top 10% 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.
FHRRX (Franklin High Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin High Income Fund (FHRRX) 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 6.99% 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.12 | $0.11 | $0.10 | $0.10 | $0.10 | $0.11 | $0.11 | $0.11 | $0.11 | $0.13 | $0.09 |
Dividend yield | 6.99% | 6.36% | 6.28% | 5.10% | 5.48% | 5.71% | 6.30% | 5.74% | 6.14% | 7.53% | 4.33% |
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 | $0.05 | |||||||
| 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 | $0.11 |
| 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 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.10 |
| 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 | $0.11 |
| 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 | $0.11 |
| 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 | $0.11 |
| 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 | $0.13 |
| 2014 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
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 21.18%, occurring on Feb 11, 2016. Recovery took 174 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.18% | Sep 4, 2014 | 363 | Feb 11, 2016 | 174 | Oct 19, 2016 | 537 |
| -19.94% | Feb 21, 2020 | 23 | Mar 24, 2020 | 93 | Aug 5, 2020 | 116 |
| -14.01% | Dec 30, 2021 | 187 | Sep 27, 2022 | 300 | Dec 6, 2023 | 487 |
| -6.59% | Oct 4, 2018 | 57 | Dec 26, 2018 | 39 | Feb 22, 2019 | 96 |
| -3.82% | Oct 26, 2016 | 14 | Nov 14, 2016 | 29 | Dec 27, 2016 | 43 |
Volatility
Volatility Chart
The current Franklin High Income Fund volatility is 1.64%, 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.