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Morningstar

Franklin High Income A1 FHAIX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 1.70  /  −0.58 %
  • Total Assets 2.7 Bil
  • Adj. Expense Ratio
    0.760%
  • 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 6.16%
  • Effective Duration 2.92 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 10:11 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.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FHAIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FHAIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FHAIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Veteran team, process enhancements, and improved results merit a People rating upgrade.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

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.

by Maciej Kowara
Rated on Published on

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Portfolio Holdings FHAIX

More FHAIX Holdings
  • 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

2.84 75.5 Mil
Cash and Equivalents

Martin Midstream Partners LP / Martin Midstream Finance Corp 11.5%

1.22 32.5 Mil
Corporate

Mauser Packaging Solutions Holding Co. 9.25%

1.14 30.3 Mil
Corporate

Endeavor Energy Resources LP and EER Finance Inc. 5.75%

1.06 28.2 Mil
Corporate

Wynn Resorts Finance Llc / Wynn Resorts Capital Corp 7.125%

0.97 25.9 Mil
Corporate

EMRLD Borrower LP / Emerald Co-Issuer Inc. 6.625%

0.97 25.9 Mil
Corporate

Rain Carbon Inc 12.25%

0.96 25.6 Mil
Corporate

Carnival Corporation 5.75%

0.92 24.4 Mil
Corporate

Smyrna Ready Mix Concrete LLC 8.875%

0.85 22.7 Mil
Corporate

Allied Universal Holdco LLC / Allied Universal Finance Corporation 7.875%

0.82 21.8 Mil
Corporate