Franklin High Income R6 (FHRRX)
| Fund Assets | 2.83B |
| Expense Ratio | 0.50% |
| Min. Investment | $1,000,000 |
| Turnover | 36.83% |
| Dividend (ttm) | 0.11 |
| Dividend Yield | 6.43% |
| Dividend Growth | 0.35% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 28, 2025 |
| Previous Close | 1.760 |
| YTD Return | 2.86% |
| 1-Year Return | 5.08% |
| 5-Year Return | 28.47% |
| 52-Week Low | 1.670 |
| 52-Week High | 1.770 |
| Beta (5Y) | n/a |
| Holdings | 334 |
| Inception Date | May 1, 2013 |
About FHRRX
Franklin High Income Fund Class R6 is an open-end mutual fund that primarily seeks to deliver a high level of current income, with capital appreciation as a secondary objective. This fund invests predominantly in high-yield, lower-rated debt securities—including corporate bonds, notes, convertible instruments, and preferred stocks—which typically offer higher yields to compensate for increased credit risk. As such, it falls into the high-yield bond category and generally exhibits lower credit quality and higher interest rate sensitivity compared to investment grade alternatives. With an effective duration of under three years and a yield around 6.5%, the fund is structured to appeal to retirement plans and larger institutional investors, as reflected by its $1 million minimum investment for the R6 share class. The fund is actively managed, drawing on a broadened research team, and maintains a competitive expense ratio of approximately 0.5%. Franklin High Income Fund Class R6 plays a vital role for investors seeking enhanced income potential within a diversified fixed income allocation, particularly in the speculative segment of the bond market.
Performance
FHRRX had a total return of 5.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.20%.
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 | $0.0088 | Jul 28, 2025 |
| Jun 25, 2025 | $0.0095 | Jun 25, 2025 |
| May 23, 2025 | $0.0096 | May 23, 2025 |
| Apr 25, 2025 | $0.0098 | Apr 25, 2025 |
| Mar 26, 2025 | $0.0092 | Mar 26, 2025 |
| Feb 25, 2025 | $0.0094 | Feb 25, 2025 |