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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% -0.11% 149.58M 19143.97
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
3.60% 41.00% -- Upgrade

Basic Info

Investment Strategy
The Fund will invest at least 80% of its net assets in fixed income securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (“NRSROs”) or unrated securities of comparable quality at the time of purchase (as determined by the adviser). In addition, the Fund may invest up to 20% in other fixed income securities, and not more than 25% in securities restricted as to resale.
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 Bloomberg US Corp Bond TR USD
Prospectus Objective Corporate Bond - General
Fund Owner Firm Name Franklin Templeton Investments
Prospectus Benchmark Index
Bloomberg US Corporate High Yield TR USD 50.00%
Bloomberg US Credit TR USD 50.00%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Ryan Brist 12.76 yrs
Michael Buchanan 9.01 yrs
S. Leech 7.51 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: --
-13.93B Category Low
7.972B 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)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
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--
--
--
--
--
--
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% Rank in Cat (NAV)
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As of October 21, 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
7.39%
1.92%
15.49%
15.76%
-12.34%
23.14%
6.71%
1.31%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-2.28%
10.25%
1.79%
7.04%
17.80%
-14.58%
29.59%
1.66%
0.02%
12.11%
0.62%
10.12%
13.35%
-11.56%
30.90%
12.83%
-2.04%
--
-2.22%
7.55%
6.12%
-3.04%
14.87%
11.35%
-2.31%
--
--
--
--
--
15.56%
10.79%
-1.94%
As of October 21, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-22-21) 3.60%
30-Day SEC Yield (9-30-10) Upgrade
7-Day SEC Yield (4-17-19) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.19%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of August 31, 2021

Asset Allocation

As of August 31, 2021.
Type % Net % Long % Short
Cash 3.17% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 91.18% Upgrade Upgrade
Convertible 5.38% Upgrade Upgrade
Preferred 0.26% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Western Asset Prem Instl Govtt Rsrv Pref 2.62% 1.00 0.00%
Kinder Morgan, Inc. 7.8%
1.89% -- --
NatWest Group PLC 7.648%
1.33% -- --
Danske Bank A/S 5%
1.19% -- --
Vale Overseas Limited 6.875%
1.07% -- --
The Boeing Company 3.1%
0.98% -- --
MetLife Inc. 6.4%
0.97% -- --
Comcast Corporation 6.4%
0.95% -- --
Bank of America Corporation 7.75%
0.95% -- --
UniCredit S.p.A. 7.296%
0.85% -- --

Basic Info

Investment Strategy
The Fund will invest at least 80% of its net assets in fixed income securities that are rated in the Baa or BBB categories or above at the time of purchase by one or more Nationally Recognized Statistical Rating Organizations (“NRSROs”) or unrated securities of comparable quality at the time of purchase (as determined by the adviser). In addition, the Fund may invest up to 20% in other fixed income securities, and not more than 25% in securities restricted as to resale.
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 Bloomberg US Corp Bond TR USD
Prospectus Objective Corporate Bond - General
Fund Owner Firm Name Franklin Templeton Investments
Prospectus Benchmark Index
Bloomberg US Corporate High Yield TR USD 50.00%
Bloomberg US Credit TR USD 50.00%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Ryan Brist 12.76 yrs
Michael Buchanan 9.01 yrs
S. Leech 7.51 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-22-21) 3.60%
30-Day SEC Yield (9-30-10) Upgrade
7-Day SEC Yield (4-17-19) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.19%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of August 31, 2021

Fund Details

Key Dates
Inception Date 3/22/1973
Last Annual Report Date 12/31/2020
Last Prospectus Date 10/19/1992
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