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Morningstar

Franklin High Income A1 FHAIX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 1.66  /  0.60 %
  • Total Assets 2.5 Bil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.770%
  • 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 5.97%
  • Effective Duration 3.57 years

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:12 PM GMT+00:00

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.

Standard exposure to high-yield bonds.

Associate Analyst

Summary

| by Elizabeth Templeton

Franklin High Income benefits from tenured managers and a stable team of analysts, but its fundamentally focused approach is not distinct compared with its peers. It receives a Morningstar Analyst Rating of Neutral for its cheaper share classes and a Negative rating for the more expensive C shares.

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