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.
Fund Family Franklin Templeton Investments
Category High Yield Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FHQRX
Share Class Class A
Index ICE BofA US High Yield Constrained TR
FHQRX had a total return of 4.76% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.90%.
