4 / 5 Stars
4 4 1 5 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
U.S. News evaluated 166 High Yield Bond Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 12.85 percent over the past year, 10.22 percent over the past three years, 9.03 percent over the past five years, and 8.91 percent over the past decade.
|Trailing Returns||Updated 04.30.2013|
|Year to date||4.4%|
|3 Years (Annualized)||10.2%|
|5 Years (Annualized)||9.0%|
|10 Years (Annualized)||8.9%|
The investment seeks a high level of current income; capital appreciation is a secondary objective. The fund invests primarily in high yield, lower-rated debt securities. It may invest up to 100% of its total assets in debt securities that are rated below investment grade, sometimes called "junk bonds." Investment grade debt securities are rated in one of the top four ratings categories by independent rating organizations such as Standard & Poor's (S&P®) and Moody's Investors Service (Moody's). The fund may also invest in defaulted debt securities and in securities issued by companies and governments in any foreign country, developed or developing.
Fees are Above Average compared to funds in the same category.
Franklin High Income Fund has an expense ratio of 1.26 percent.
Risk is Average compared to funds in the same category according to Morningstar.