Fact sheet: Franklin High Yield

Fund information
Fund name
Franklin High Yield A MDis USD
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund managers
  • Betsy Hofmansince 01/03/1996
  • Glenn Voylessince 01/02/2016
Fund objective
The Fund aims to earn a high level of current income and seeks capital appreciation when consistent with its principal objective of high current income, by principally investing either directly or through the use of financial derivative instruments in Fixed Income debt Securities of US or Non-US issuers with investment grade or lower grade ratings, if issued by US issuers, or, if issued by Non-US issuers or unrated, their equivalent.
Benchmark
  • Credit Suisse High Yield Index
Investment style
High Yield
Investment method
Fixed Interest
Quick stats
1 Year return
14.1%
1 Year rank in sector
5/73
Sector
FO Fixed Int - Global High Yield
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
1.54%
Fund size
£2,590m (£3,170m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
89
Top in this sector
Fund name1 Year
Pioneer SICV-Gbl Hi Yld31.9%
Natixis LoomsSyles HInc25%
T. Rowe Price Gbl HiYld Bd14.4%
T. Rowe Price GblHghIncBd14.3%
Franklin High Yield14.1%
...more in FO Fixed Int - Global High Yield

Performance snapshot

Holdings snapshot

  • International98.9%
    Money Market1.1%
  • Others31.3%
    Media14.7%
    Energy11.6%
    Technology8.6%
    Health Care8.1%
  • Global Fixed Interest97.5%
    International Equities1.5%
    Cash & Cash Equivalents1.1%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund1.2%0.7%7.4%14.1%1.7%24.7%
Sector0.3%0.8%4.9%9.1%9.8%33.4%
Rank within sector15 / 8329 / 797 / 755 / 7354 / 5837 / 43
Quartile1st2nd1st1st4th4th
Calendar performance
 YTD - 20162015201420132012
Fund16.7%-12.1%-1.3%6.5%14.3%
Sector10.5%-2.5%1.4%5.2%15.5%
Rank within sector4 / 7364 / 6549 / 5823 / 4931 / 43
Quartile1st4th4th2nd3rd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-4.37
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.66
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-0
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
8.13
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
3.82
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.69
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.93
Price movement
52 week high6.21
52 week low5.11
Current bid price-
Current offer price-
Current mid price6.11
Region
1International98.94%
2Money Market1.06%
Industry sector
1Others31.32%
2Media14.71%
3Energy11.63%
4Technology8.64%
5Health Care8.1%
6Financials6.85%
7Wireless & Mobile Communications6.43%
8Mineral Extraction5.96%
9Utilities5.3%
Asset type
1Global Fixed Interest97.45%
2International Equities1.49%
3Cash & Cash Equivalents1.06%
Individual holdings
1ISHARES IBOXX $ HIGH YIELD COR4.82%
2SPRINT COMMUNICATIONS1.97%
3HCA INC1.83%
4CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP1.62%
5NETFLIX COM INC1.56%
6NAVIENT CORP1.38%
7FIRST DATA CORP1.36%
8SABINE PASS LIQUEFACTION LLC1.34%
9POST HLDGS INC1.32%
Management
Fund manager group
Franklin Templeton
Fund manager company
Franklin Temp Intnl Serv SARL
Fund type
Offshore Fund
Fund objective
The Fund aims to earn a high level of current income and seeks capital appreciation when consistent with its principal objective of high current income, by principally investing either directly or through the use of financial derivative instruments in Fixed Income debt Securities of US or Non-US issuers with investment grade or lower grade ratings, if issued by US issuers, or, if issued by Non-US issuers or unrated, their equivalent.
Benchmark
  • Credit Suisse High Yield Index
Investment style
High Yield
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Betsy Hofman01/03/1996Betsy Hofman-Schwab is a vice president and portfolio manager of Franklin Advisers, Inc. She manages the Franklin Templeton High Yield Fund, one of the Franklin Templeton Investment Fund portfolios(SICAV). Ms. Hofman-Schwab specialises in the research analysis of the gaming, entertainment and leisure industries within the high yield corporate bond group. Ms. Hofman-Schwab began her career in the accounting department at Franklin in 1981. She worked on the equity trading desk for two years and was a securities analyst prior to becoming a portfolio manager. Ms. Hofman-Schwab has a bachelor of science degree in finance and an MBA with an emphasis in finance, both from the College of Notre Dame in Belmont, California. She is a Chartered Financial Analyst (CFA) and is also a registered NASD representative.
Glenn Voyles01/02/2016Glenn Voyles is a vice president, high-yield analyst, and portfolio manager for Franklin Advisers, Inc. He co-manages the Franklin Templeton Institutional High Yield Strategy, Franklin Templeton Limited Duration Income Trust and Franklin Universal Trust, a closed-end fund. Mr. Voyles specializes in research analysis of the energy industries. Mr. Voyles joined Franklin Templeton in 1993. He holds a B.A. in economics from Stanford University. He is a Chartered Financial Analyst (CFA) Charterholder, a member of Security Analysts of San Francisco (SASF), and the CFA Institute.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, SRS, UCITS IV Compliant, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Cyprus, Czech Republic, Germany, Denmark, Spain, Estonia, Finland, France, United Kingdom, Gibraltar, Greece, Guernsey, Hong Kong, Hungary, Ireland, Italy, Jersey, Republic Of Korea, Lithuania, Luxembourg, Latvia, Macau, Netherlands, Norway, Offshore, Peru, Poland, Portugal, Romania, Singapore, Slovakia, Sweden, Taiwan - Province Of China
Franklin High Yield A Acc USD
Initial charge5%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.53%
Bid price-
Offer price-
Mid price16.87
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFK90
Franklin High Yield A H1 MDis AUD
Initial charge5%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.51%
Bid price-
Offer price-
Mid price9.16
CurrencyAUD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF68N
Franklin High Yield A H1 MDis SGD
Initial charge5%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.55%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price7.74
CurrencySGD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeATQ2
Franklin High Yield A MDis USD
Initial charge5%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.54%
Total expense ratio (TER)1.54%
Bid price-
Offer price-
Mid price6.11
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUJ20
Franklin High Yield B MDis USD
Initial charge-
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.95%
Total expense ratio (TER)2.94%
Bid price-
Offer price-
Mid price6.01
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeUJ54
Franklin High Yield C Acc USD
Initial charge-
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.22%
Total expense ratio (TER)2.21%
Bid price-
Offer price-
Mid price21.67
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF233
Franklin High Yield I Acc USD
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price17.58
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCYK6
Franklin High Yield I H1 Acc EUR
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.86%
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price12.18
CurrencyEUR
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi code0QWR
Franklin High Yield I MDis USD
Initial charge-
Annual charge0.6%
Min single investment£5,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.87%
Total expense ratio (TER)0.87%
Bid price-
Offer price-
Mid price9.69
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeF152
Franklin High Yield N Acc USD
Initial charge3%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.14%
Total expense ratio (TER)2.13%
Bid price-
Offer price-
Mid price17.52
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeUJ98
Franklin High Yield N MDis USD
Initial charge3%
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)2.12%
Total expense ratio (TER)2.09%
Bid price-
Offer price-
Mid price8.45
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeF68O
Franklin High Yield X Acc USD
Initial charge-
Annual charge-
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)0.25%
Total expense ratio (TER)0.26%
Bid price-
Offer price-
Mid price10.57
CurrencyUSD
Price updated08/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFFKH
Franklin High Yield Y MDis USD
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.05%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.35
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFVEM
Franklin High Yield Z MDis USD
Initial charge-
Annual charge0.8%
Min single investment£5,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.14%
Total expense ratio (TER)1.14%
Bid price-
Offer price-
Mid price9.06
CurrencyUSD
Price updated08/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMAO1
Data provided by

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