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Franklin High Income Adv FVHIX

Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 1.71  /  0.00
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.610%
  • Expense Ratio 0.610%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 100,000
  • Status Open
  • TTM Yield 6.35%
  • Effective Duration 2.92 years

USD | NAV as of Feb 22, 2024 | 1-Day Return as of Feb 22, 2024, 11:13 PM GMT+0

Morningstar’s Analysis FVHIX

Will FVHIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

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.

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Portfolio Holdings FVHIX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 9.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Franklin IFT Money Market

2.34 62.8 Mil
Cash and Equivalents

Martin Midstream Partners LP / Martin Midstream Finance Corp 11.5%

1.24 33.3 Mil
Corporate

Mauser Packaging Solutions Holding Co. 9.25%

1.11 29.8 Mil
Corporate

Endeavor Energy Resources LP and EER Finance Inc. 5.75%

1.03 27.7 Mil
Corporate

Rain Carbon Inc 12.25%

0.94 25.1 Mil
Corporate

Carnival Corporation 5.75%

0.90 24.2 Mil
Corporate

Smyrna Ready Mix Concrete LLC 8.875%

0.83 22.3 Mil
Corporate

Vistra Operations Co LLC 5.625%

0.80 21.6 Mil
Corporate

Reynolds Group Issuer Llc / Reynolds Group Issuer Inc 4%

0.80 21.5 Mil
Corporate

Jaguar Land Rover Automotive PLC 5.5%

0.80 21.4 Mil
Corporate