Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.94% -9.02% 388.43M 318360.5
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
9.42% 39.00% -- Upgrade

Basic Info

Investment Strategy
The Fund’s primary investment objective is high current income and its secondary investment objective is capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets plus any borrowings for investment purposes in high-yield corporate debt securities and preferred stocks and up to 20% in common stock equivalents, including options, warrants and rights.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Category Index ICE BofA US High Yield TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name Franklin Templeton Investments (US)
Prospectus Benchmark Index
Bloomberg US Corp HY 2% Isr Cap TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Michael Buchanan 17.34 yrs
Christopher Kilpatrick 11.58 yrs
Walter Kilcullen 0.08 yrs

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)
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of April 22, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
8.96%
-7.58%
24.21%
6.07%
12.77%
-17.09%
8.04%
0.22%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
-3.06%
7.15%
-9.95%
27.27%
12.43%
13.02%
-24.57%
15.78%
-8.33%
8.57%
-6.35%
27.86%
6.82%
10.03%
-13.47%
6.78%
-0.44%
13.06%
-12.32%
30.95%
8.78%
9.36%
-25.20%
19.25%
-2.35%
7.81%
-6.50%
27.22%
6.46%
21.62%
-23.02%
11.94%
1.43%
As of April 22, 2024.

Asset Allocation

As of February 29, 2024.
Type % Net % Long % Short
Cash 3.26% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 94.66% Upgrade Upgrade
Convertible 1.64% Upgrade Upgrade
Preferred 0.44% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund’s primary investment objective is high current income and its secondary investment objective is capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets plus any borrowings for investment purposes in high-yield corporate debt securities and preferred stocks and up to 20% in common stock equivalents, including options, warrants and rights.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style --
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Category Index ICE BofA US High Yield TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name Franklin Templeton Investments (US)
Prospectus Benchmark Index
Bloomberg US Corp HY 2% Isr Cap TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Michael Buchanan 17.34 yrs
Christopher Kilpatrick 11.58 yrs
Walter Kilcullen 0.08 yrs

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