FHRRX

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.