Franklin High Income Advisor Fund (FVHIX - Free Report) seeks to earn a high level of current income. FVHIX’s secondary goal is to seek capital appreciation. FVHIX’s assets are generally invested in domestic and foreign high-yield, lower-rated corporate bonds (commonly called junk bonds). FVHIX seeks to invest in securities offering the highest yield and expected total return without taking on an excessive amount of risk.
This High Yield Bond product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 2.1% and 5 year 5.4%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
FVHIX’s performance, as of the last filing, when compared to funds in its category was in the top 1% over the past 1 year and in the top 40% over the past 5 years.
This Zacks Rank #1 (Strong Buy) was incepted in January 1999 and is managed by Franklin/Temp. FVHIX carries an expense ratio of 0.62% and requires a minimal initial investment of $100,000.
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