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Franklin High Income R6 FHRRX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Franklin Templeton Investment Hub

Morningstar’s Analysis FHRRX

Will FHRRX 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 FHRRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FHRRX 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 FHRRX’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
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