FVHIX

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.