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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
1.85% 0.67% 271.25M 142073.6
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
5.51% 106.5% -25.52M Upgrade

Basic Info

Investment Strategy
The Trust seeks a high level of current income with a secondary objective of capital appreciation. It invests mainly in high yield corporate bonds, floating rate bank loans and mortgage- and other asset-backed securities. It will invest at least 25% of its total assets in each category. The Trust will maintain an average portfolio duration of between two and five years (including the effect of anticipated leverage). Normally it expects to maintain a weighted average portfolio credit quality of investment grade. However, it may invest up to 25% of its total assets in below investment grade securities.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Multisector Bond
Category Index Bloomberg US Universal TR USD
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name Franklin Templeton Investments
Prospectus Benchmark Index
Credit Suisse HY USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Glenn Voyles 8.42 yrs
Justin Ma 8.42 yrs
Sonal Desai 2.84 yrs
David Yuen 2.05 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 81
-25.52M
-2.038B Category Low
12.14B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of January 31, 2012

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
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--
--
--
--
--
--
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of November 26, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
0.37%
-6.25%
20.23%
9.41%
-14.88%
18.43%
9.47%
4.63%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-1.48%
1.51%
1.08%
8.81%
10.55%
-5.08%
20.69%
-2.92%
-2.50%
5.35%
-8.92%
24.38%
11.98%
-5.69%
28.04%
3.42%
16.54%
22.24%
14.08%
-1.31%
4.51%
-6.23%
16.72%
1.93%
3.39%
3.00%
1.74%
23.23%
27.50%
-28.53%
27.30%
8.88%
3.89%
As of November 26, 2021.

Fund Details

Key Dates
Inception Date 8/27/2003
Last Annual Report Date 12/31/2020
Last Prospectus Date 8/26/2003
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No

Asset Allocation

As of September 30, 2021.
Type % Net % Long % Short
Cash -9.71% Upgrade Upgrade
Stock 0.34% Upgrade Upgrade
Bond 145.5% Upgrade Upgrade
Convertible 2.44% Upgrade Upgrade
Preferred 0.57% Upgrade Upgrade
Other -39.10% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Federal National Mortgage Association 2.5%
2.87% -- --
Octagon Investment Partners Xxii 2.03825%
2.18% -- --
Federal National Mortgage Association 2.5%
1.97% -- --
Franklin IFT Money Market 1.74% 1.00 0.00%
Federal National Mortgage Association 2%
1.73% -- --
Federal National Mortgage Association 3%
1.51% -- --
Federal Home Loan Mortgage Corporation 2.5%
1.48% -- --
Federal National Mortgage Association 2%
1.43% -- --
Lending Club Corp., Marketplace Loan
1.14% -- --
Federal National Mortgage Association 4%
1.14% -- --

Basic Info

Investment Strategy
The Trust seeks a high level of current income with a secondary objective of capital appreciation. It invests mainly in high yield corporate bonds, floating rate bank loans and mortgage- and other asset-backed securities. It will invest at least 25% of its total assets in each category. The Trust will maintain an average portfolio duration of between two and five years (including the effect of anticipated leverage). Normally it expects to maintain a weighted average portfolio credit quality of investment grade. However, it may invest up to 25% of its total assets in below investment grade securities.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Multisector Bond
Category Index Bloomberg US Universal TR USD
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name Franklin Templeton Investments
Prospectus Benchmark Index
Credit Suisse HY USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Glenn Voyles 8.42 yrs
Justin Ma 8.42 yrs
Sonal Desai 2.84 yrs
David Yuen 2.05 yrs

Fund Details

Key Dates
Inception Date 8/27/2003
Last Annual Report Date 12/31/2020
Last Prospectus Date 8/26/2003
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No