2.14 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 2.14
Category High Yield Bond
Net Assets 1.74 Bil
Yield 6.25%
Morningstar Risk Average
Morningstar Return Above Average
  • Last NAV update 7/29/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
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.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 13.86% 4.71% 15.26% 7.79% 5.18%
Value ($) 11,385.51 11,921.92 13,740.91 14,810.82 15,578.11
  • Year to date performance as of 7/29/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Franklin Templeton Investments
Fund Manager Christopher Molumphy
Tenure (Years) 23
Fund Status Open
Minimum Initial Purchase 1.00 Mil
Minimum IRA Investment NA
Front Load 0.00
Expense Ratio 0.61%
PERFORMANCE
Symbol Value ($)
1 Month -0.46%
3 Months 1.53%
1 Year 9.62%
3 Years* 8.93%
5 Years* 11.67%
  • * Annualized returns
  • Performance as of 7/29/2014 12:00 AM ET
PEER COMPARISON
  FVHIX High Yield Bond
5-Yr Return 11.67% 11.35%
Sharpe Ratio 1.41 3.55
Net Assets 1.74 Bil 449.28 Mil
Avg Market Cap NA 12.85 Bil
Avg P/E NA 16.73
Portfolio Turnover 29 80
HOLDINGS
Symbol Value ($)
Stocks 0.20%
Cash 4.63%
Fixed Income 94.04%
Other 1.13%
TOP 10 HOLDINGS
NAME % NET ASSETS
Wind Acquisition Fin Sa 144A 7.375% 1.05%
Sprint Nextel 144A 9% 1.02%
Bk Of Amer Corporation FRN 0.95%
Chesapeake Engy 6.625% 0.81%
Samson Invt 144A 9.75% 0.74%
Hca 5.875% 0.73%
Engy Transfer Equity L P 7.5% 0.73%
Arcelormittal Sa Luxembourg 5.5% 0.71%
Texas Competitive Elec Hldgs 144A 11.5% 0.70%
Citigroup FRN 0.68%
DATA PROVIDERS

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