Franklin High Income R (FHIRX)
| Fund Assets | 2.83B |
| Expense Ratio | 1.09% |
| Min. Investment | $1,000 |
| Turnover | 36.83% |
| Dividend (ttm) | 0.10 |
| Dividend Yield | 5.61% |
| Dividend Growth | 0.39% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 1.830 |
| YTD Return | 3.22% |
| 1-Year Return | 5.72% |
| 5-Year Return | 26.21% |
| 52-Week Low | 1.730 |
| 52-Week High | 1.830 |
| Beta (5Y) | n/a |
| Holdings | 334 |
| Inception Date | Jan 1, 2002 |
About FHIRX
Franklin High Income Fund Class R6 is an open-end mutual fund focused on providing a high level of current income as its primary objective, with secondary emphasis on seeking capital appreciation when consistent with income goals. The fund predominantly invests in high-yield, lower-rated debt securities, often referred to as "junk bonds," and may also allocate to preferred stock. Its portfolio typically consists of bonds, notes, debentures, convertible securities, as well as senior and subordinated debt across a wide range of sectors. The fund employs a research-driven, bottom-up investment process, emphasizing issuer-specific analysis over ratings agency classifications, and draws on an experienced analytical team for credit assessment. The Franklin High Income Fund Class R6 is notable for its broad diversification—holding hundreds of positions—and offers monthly distributions to shareholders. This fund holds significance in the high-yield bond market, catering mainly to institutional or retirement-focused investors who seek an income-oriented strategy with exposure to below-investment-grade credit markets.
Performance
FHIRX had a total return of 5.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.16%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FGRMX | Fidelity | Fidelity Advisor High Income Fund - Class M | 1.17% |
| FGTMX | Fidelity | Fidelity Advisor High Income Fund - Class I | 0.92% |
| FGSMX | Fidelity | Fidelity Advisor High Income Fund - Class C | 1.92% |
| FGUMX | Fidelity | Fidelity Advisor High Income Fund - Class Z | 0.82% |
| FAHCX | Fidelity | Fidelity Advisor Capital & Income Fund - Class I | 0.96% |
Top 10 Holdings
11.25% of assets| Name | Symbol | Weight |
|---|---|---|
| Institutional Fiduciary Trust - Money Market Portfolio | INFXX | 3.18% |
| Martin Midstream Partners LP / Martin Midstream Finance Corp 11.5% | MMLP.11.5 02.15.28 144A | 1.11% |
| Wynn Resorts Finance Llc / Wynn Resorts Capital Corp 7.125% | WYNFIN.7.125 02.15.31 144A | 0.96% |
| Rain Carbon Inc 12.25% | RCOLIN.12.25 09.01.29 144A | 0.93% |
| Mauser Packaging Solutions Holding Co. 9.25% | BWY.9.25 04.15.27 144A | 0.90% |
| Carnival Corporation 5.75% | CCL.5.75 03.01.27 144A | 0.87% |
| EMRLD Borrower LP / Emerald Co-Issuer Inc. 6.625% | EMECLI.6.625 12.15.30 144A | 0.87% |
| Kedrion S.p.A. 6.5% | KEDRIM.6.5 09.01.29 144A | 0.84% |
| Forestar Group Inc. 6.5% | FOR.6.5 03.15.33 144A | 0.80% |
| Smyrna Ready Mix Concrete LLC 8.875% | SMYREA.8.875 11.15.31 144A | 0.79% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 28, 2025 | $0.0079 | Jul 28, 2025 |
| Jun 25, 2025 | $0.0087 | Jun 25, 2025 |
| May 23, 2025 | $0.0088 | May 23, 2025 |
| Apr 25, 2025 | $0.009 | Apr 25, 2025 |
| Mar 26, 2025 | $0.0083 | Mar 26, 2025 |
| Feb 25, 2025 | $0.0086 | Feb 25, 2025 |