Franklin High Income Fund Advisor Class (FVHIX)
| Fund Assets | 2.91B |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000 |
| Turnover | 39.11% |
| Dividend (ttm) | 0.11 |
| Dividend Yield | 6.38% |
| Dividend Growth | 1.34% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 27, 2026 |
| Previous Close | 1.780 |
| YTD Return | 0.52% |
| 1-Year Return | 8.49% |
| 5-Year Return | 27.10% |
| 52-Week Low | 1.590 |
| 52-Week High | 1.780 |
| Beta (5Y) | n/a |
| Holdings | 352 |
| 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 8.49% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.12%.
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 Fund - Class Z | 0.82% |
| FAHCX | Fidelity | Fidelity Advisor Capital & Income Fund - Class I | 0.93% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 27, 2026 | $0.0093 | Jan 27, 2026 |
| Dec 26, 2025 | $0.0092 | Dec 26, 2025 |
| Nov 24, 2025 | $0.011 | Nov 24, 2025 |
| Oct 28, 2025 | $0.0096 | Oct 28, 2025 |
| Sep 25, 2025 | $0.0093 | Sep 25, 2025 |
| Aug 26, 2025 | $0.0095 | Aug 26, 2025 |