Franklin High Income Adv (FVHIX)
| Fund Assets | 2.85B |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000 |
| Turnover | 36.83% |
| Dividend (ttm) | 0.11 |
| Dividend Yield | 6.30% |
| Dividend Growth | 0.54% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 26, 2025 |
| Previous Close | 1.780 |
| YTD Return | 3.43% |
| 1-Year Return | 4.46% |
| 5-Year Return | 27.97% |
| 52-Week Low | 1.680 |
| 52-Week High | 1.780 |
| Beta (5Y) | n/a |
| Holdings | 344 |
| Inception Date | Jan 2, 1997 |
About FVHIX
Franklin High Income Fund Advisor Class is a mutual fund that focuses primarily on generating a high level of current income, with a secondary objective of seeking capital appreciation. The fund predominantly invests in higher-yielding, lower-rated corporate bonds, which are commonly referred to as high-yield or "junk" bonds. At least 65% or more of its assets are typically allocated to U.S. high-income debt securities that are either unrated or are rated below investment grade, such as those rated BB or below by major agencies like Standard & Poor’s or Moody’s. This approach allows the fund to offer higher yield potential, but with increased risk due to the credit profiles of the issuers. This fund appeals to investors seeking regular income, as it distributes income monthly. The Advisor Class boasts a long performance history, dating back to its inception in 1997, and has received strong risk-adjusted ratings, including a 4-star Morningstar rating as of June 30, 2025. With a diversified portfolio typically comprising hundreds of holdings, the Franklin High Income Fund Advisor Class plays a significant role in the high-yield segment of the fixed-income market, providing exposure to sectors and companies that might be less represented in investment-grade bond funds.
Performance
FVHIX had a total return of 4.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.45%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
12.24% of assets| Name | Symbol | Weight |
|---|---|---|
| Institutional Fiduciary Trust - Money Market Portfolio | INFXX | 4.18% |
| Martin Midstream Partners LP / Martin Midstream Finance Corp 11.5% | MMLP.11.5 02.15.28 144A | 1.14% |
| Wynn Resorts Finance Llc / Wynn Resorts Capital Corp 7.125% | WYNFIN.7.125 02.15.31 144A | 0.97% |
| Rain Carbon Inc 12.25% | RCOLIN.12.25 09.01.29 144A | 0.96% |
| Mauser Packaging Solutions Holding Co. 9.25% | BWY.9.25 04.15.27 144A | 0.90% |
| EMRLD Borrower LP / Emerald Co-Issuer Inc. 6.625% | EMECLI.6.625 12.15.30 144A | 0.85% |
| Kedrion S.p.A. 6.5% | KEDRIM.6.5 09.01.29 144A | 0.83% |
| R.R. Donnelley & Sons Co. 9.5% | RRD.9.5 08.01.29 144A | 0.82% |
| 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 |
|---|---|---|
| Aug 26, 2025 | $0.0095 | Aug 26, 2025 |
| Jul 28, 2025 | $0.0087 | Jul 28, 2025 |
| Jun 25, 2025 | $0.0094 | Jun 25, 2025 |
| May 23, 2025 | $0.0095 | May 23, 2025 |
| Apr 25, 2025 | $0.0097 | Apr 25, 2025 |
| Mar 26, 2025 | $0.0091 | Mar 26, 2025 |