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.
Fund Family Franklin Templeton, Inc
Category High Yield Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol FHIRX
Share Class Class R
Index ICE BofA US High Yield Constrained TR
FHIRX had a total return of 1.45% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.98%.
