3 / 5 Stars
4 4 1 1 5
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
4 / 5 Stars
U.S. News evaluated 174 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 8.54 percent over the past year, 8.61 percent over the past three years, 16.07 percent over the past five years, and 7.74 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||2.9%|
|3 Years (Annualized)||8.6%|
|5 Years (Annualized)||16.1%|
|10 Years (Annualized)||7.7%|
The investment seeks a high level of current income; capital appreciation is a secondary objective. Under normal market conditions, the fund invests predominantly in high yield, lower-rated debt securities. Lower-rated securities generally pay higher yields than more highly rated securities to compensate investors for the higher risk. These securities include bonds, notes, debentures, convertible securities and senior and subordinated debt securities.
Fees are Above Average compared to funds in the same category.
Franklin High Income Fund has an expense ratio of 1.11 percent.
Risk is Average compared to funds in the same category according to Morningstar.