A tenured team of portfolio managers and analysts is in charge at Franklin High Income. Lead manager Glenn Voyles, who has steered the fund since 2016, works alongside seasoned colleagues Patricia O’Connor, James McGiveran, and Bryant Dieffenbacher, whom the firm added as comanagers in 2020. This group collaborates well and draws on the support of Franklin’s sizable credit research team. We've upgraded the People rating to Above Average as Voyles, together with Franklin’s fixed-income CIO, have been making efforts to broaden the decision-making process by incorporating more input from the firm’s research analysts.
Franklin High Income A1 FHAIX
- NAV / 1-Day Return 1.77 / 0.00
- Total Assets 2.8 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.760%
- Distribution Fee Level Low
- Share Class Type Front Load
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1,000
- Status Limited
- TTM Yield 6.19%
- Effective Duration 3.00 years
USD | NAV as of Sep 27, 2024 | 1-Day Return as of Sep 27, 2024, 10:12 PM GMT+0
Morningstar’s Analysis FHAIX
Will FHAIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 9.4
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Franklin IFT Money Market | 2.27 | 62.6 Mil | Cash and Equivalents |
Martin Midstream Partners LP / Martin Midstream Finance Corp | 1.23 | 33.9 Mil | Corporate |
Mauser Packaging Solutions Holding Co. | 1.14 | 31.6 Mil | Corporate |
Rain Carbon Inc | 0.98 | 27.2 Mil | Corporate |
Wynn Resorts Finance Llc / Wynn Resorts Capital Corp | 0.96 | 26.6 Mil | Corporate |
EMRLD Borrower LP / Emerald Co-Issuer Inc. | 0.96 | 26.4 Mil | Corporate |
Carnival Corporation | 0.90 | 24.8 Mil | Corporate |
Smyrna Ready Mix Concrete LLC | 0.83 | 23.0 Mil | Corporate |
Apollo Commercial Real Estate Finance, Inc. | 0.81 | 22.3 Mil | Corporate |
Northriver Midstream Finance LP | 0.81 | 22.3 Mil | Corporate |