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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
0.79% 2.52% 232.67M 20643.80
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
1.68% 41.00% -- Upgrade

Basic Info

Investment Strategy
As a fundamental policy, the Fund seeks to achieve its primary investment objective by investing, under normal market conditions, at least 80% of its net assets in investment grade corporate fixed income securities. In addition, the Fund may invest up to 20% of its net assets in corporate fixed income securities rated below investment grade. The Fund may invest up to 20% of its net assets in investments of other securities, including obligations of the U.S. Government, its agencies or instrumentalities, common stocks, warrants and depository receipts.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Medium Quality/Extensive Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Corporate Bond
Category Index BBgBarc US Corp Bond TR USD
Prospectus Objective Corporate Bond - High Quality
Fund Owner Firm Name Franklin Templeton Investments
Prospectus Benchmark Index
BBgBarc US Credit TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Michael Buchanan 11.84 yrs
Ryan Brist 11.59 yrs
S. Leech 7.09 yrs

Net Fund Flows Versus Category

1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
No Data Available
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: --
-5.865B Category Low
16.63B 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
Date Unavailable

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 May 11, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Edit comparables
Name
2014
2015
2016
2017
2018
2019
2020
YTD
10.25%
1.79%
7.04%
17.80%
-14.58%
29.59%
1.66%
-0.70%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-2.72%
7.39%
1.92%
15.49%
15.76%
-12.34%
23.14%
6.71%
-2.60%
6.46%
0.48%
4.27%
5.69%
-2.27%
12.54%
9.62%
-4.27%
--
--
--
--
--
15.56%
10.79%
-3.64%
8.22%
-1.51%
4.97%
5.19%
-1.79%
14.68%
10.30%
-3.71%
As of May 11, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (5-12-21) 1.68%
30-Day SEC Yield --
7-Day SEC Yield (4-17-19) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.31%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of March 31, 2021

Asset Allocation

As of March 31, 2021.
Type % Net % Long % Short
Cash 0.43% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 92.14% Upgrade Upgrade
Convertible 6.08% Upgrade Upgrade
Preferred 1.36% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
FirstEnergy Corp. 7.38%
1.80% -- --
Comcast Corporation 6.4%
1.58% -- --
Goldman Sachs Group, Inc. 6.25%
1.58% -- --
Walt Disney Company 6.65%
1.55% -- --
Verizon Communications Inc. 5.15%
1.19% -- --
British Telecommunications plc 9.62%
1.06% -- --
CVS Health Corp 4.78%
1.06% -- --
The Boeing Company 3.1%
1.01% -- --
Citigroup Inc. 4.12%
0.96% -- --
GMAC Capital Trust I Pfd Secs 2011-15.2.40 Gtd Series 2
0.95% -- --

Basic Info

Investment Strategy
As a fundamental policy, the Fund seeks to achieve its primary investment objective by investing, under normal market conditions, at least 80% of its net assets in investment grade corporate fixed income securities. In addition, the Fund may invest up to 20% of its net assets in corporate fixed income securities rated below investment grade. The Fund may invest up to 20% of its net assets in investments of other securities, including obligations of the U.S. Government, its agencies or instrumentalities, common stocks, warrants and depository receipts.
General
Security Type Closed-End Fund
Equity Style --
Fixed Income Style Medium Quality/Extensive Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Corporate Bond
Category Index BBgBarc US Corp Bond TR USD
Prospectus Objective Corporate Bond - High Quality
Fund Owner Firm Name Franklin Templeton Investments
Prospectus Benchmark Index
BBgBarc US Credit TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Michael Buchanan 11.84 yrs
Ryan Brist 11.59 yrs
S. Leech 7.09 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (5-12-21) 1.68%
30-Day SEC Yield --
7-Day SEC Yield (4-17-19) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.31%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of March 31, 2021

Fund Details

Key Dates
Inception Date 6/26/2009
Last Annual Report Date 11/30/2020
Last Prospectus Date 6/26/2009
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No