Franklin High Income A (FHQRX)
| Fund Assets | 2.83B |
| Expense Ratio | 0.84% |
| Min. Investment | $1,000 |
| Turnover | 36.83% |
| Dividend (ttm) | 0.11 |
| Dividend Yield | 5.91% |
| Dividend Growth | 0.56% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 28, 2025 |
| Previous Close | 1.750 |
| YTD Return | 2.82% |
| 1-Year Return | 4.92% |
| 5-Year Return | 26.63% |
| 52-Week Low | 1.660 |
| 52-Week High | 1.760 |
| Beta (5Y) | n/a |
| Holdings | 334 |
| Inception Date | Dec 31, 1969 |
About FHQRX
Franklin High Income Fund Class A is a mutual fund focused on delivering a high level of current income, with a secondary objective of seeking capital appreciation. The fund primarily invests in high-yield, lower-rated corporate debt securities—often referred to as "junk bonds"—including bonds, notes, debentures, convertible securities, and both senior and subordinated debt. By targeting securities rated below investment grade by agencies such as Standard & Poor’s and Moody’s, the fund aims to compensate investors with higher yields for the added credit risk. As of recent data, the fund manages assets in the multi-billion dollar range and typically holds over 300 different securities, reflecting a diversified approach within the high-yield sector. The portfolio construction combines rigorous fundamental and quantitative research, with managers evaluating issuer fundamentals, economic sensitivity, and outlook. Recognized for an above-average performance rating, Franklin High Income Fund Class A plays a significant role in the U.S. high-yield bond market by providing investors access to income-generating opportunities beyond traditional investment-grade bonds, and is frequently benchmarked against major high-yield indices such as the ICE BofA US High Yield Constrained Index.
Performance
FHQRX had a total return of 4.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.70%.
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 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 | $0.0083 | Jul 28, 2025 |
| Jun 25, 2025 | $0.0091 | Jun 25, 2025 |
| May 23, 2025 | $0.0092 | May 23, 2025 |
| Apr 25, 2025 | $0.0094 | Apr 25, 2025 |
| Mar 26, 2025 | $0.0087 | Mar 26, 2025 |
| Feb 25, 2025 | $0.009 | Feb 25, 2025 |