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 R FHIRX
- NAV / 1-Day Return 1.75 / 0.00
- Total Assets 2.6 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.110%
- Distribution Fee Level Below Average
- Share Class Type Retirement, Medium
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity Low/Limited
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 5.64%
- Effective Duration 2.92 years
USD | NAV as of Apr 22, 2024 | 1-Day Return as of Apr 22, 2024, 10:14 PM GMT+0
Morningstar’s Analysis FHIRX
Will FHIRX 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 9.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Franklin IFT Money Market | 2.06 | 55.7 Mil | Cash and Equivalents |
Martin Midstream Partners LP / Martin Midstream Finance Corp 11.5% | 1.23 | 33.2 Mil | Corporate |
Mauser Packaging Solutions Holding Co. 9.25% | 1.15 | 31.1 Mil | Corporate |
Endeavor Energy Resources LP and EER Finance Inc. 5.75% | 1.05 | 28.3 Mil | Corporate |
EMRLD Borrower LP / Emerald Co-Issuer Inc. 6.625% | 0.97 | 26.2 Mil | Corporate |
Wynn Resorts Finance Llc / Wynn Resorts Capital Corp 7.125% | 0.97 | 26.1 Mil | Corporate |
Rain Carbon Inc 12.25% | 0.93 | 25.2 Mil | Corporate |
Carnival Corporation 5.75% | 0.88 | 23.9 Mil | Corporate |
Smyrna Ready Mix Concrete LLC 8.875% | 0.85 | 23.0 Mil | Corporate |
Allied Universal Holdco LLC / Allied Universal Finance Corporation 7.875% | 0.83 | 22.4 Mil | Corporate |