FVHIX – Franklin High Income Adv Investment Strategy | Morningstar

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Strategy

The investment seeks to earn a high level of current income; its secondary goal is to seek capital appreciation to the extent it is possible and consistent with the fund's principal goal. The fund invests predominantly in high yield, lower-rated debt securities. Lower-rated securities generally pay higher yields than more highly rated securities to compensate investors for the higher risk. These securities include bonds, notes, debentures, convertible securities and senior and subordinated debt securities. It may invest up to 100% of its total assets in debt securities that are rated below investment grade, also known as "junk bonds."

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FVHIX	Franklin High Income Fund Advisor Class	No Load	Open			Dec 31, 1996	$337.87M	0.590%	Below Average	$1,000	$9.75M
FHAIX	Franklin High Income Fund Class A1	Front Load	Limited			Dec 31, 1969	$1.07B	0.740%	Low	$0	−$141.06M
FHQRX	Franklin High Income Fund Class A	Front Load	Open			Sep 10, 2018	$999.59M	0.840%	Low	$1,000	$47.35M
FCHIX	Franklin High Income Fund Class C	Level Load	Open			May 16, 1995	$84.60M	1.240%	Low	$1,000	$6.72M
FHRRX	Franklin High Income Fund Class R6	Retirement, Large	Open			May 1, 2013	$241.05M	0.510%	Below Average	$1M	$27.05M
FHIRX	Franklin High Income Fund Class R	Retirement, Medium	Open			Jan 2, 2002	$57.70M	1.090%	Below Average	$1,000	−$1.65M

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