Franklin High Income Fund | Understand Stock

Asset mix

DBT: 96.1% · STIV: 2.6% · EP: 0.6% · LON: 0.4% · EC: 0.3%

Financial position

Total assets: $2.91B
Total liabilities: $11.2M
Net assets: $2.9B
Assets attributable to miscellaneous securities: $0
Assets invested in controlled foreign corporations: $0
Borrowings payable within one year: $0
Payable to controlled companies within one year: $0
Payable to other affiliates within one year: $0
Other liabilities payable within one year: $0
Borrowings payable after one year: $0
Payable to controlled companies after one year: $0
Payable to other affiliates after one year: $0
Other liabilities payable after one year: $0
Payables for delayed-delivery investments: $10.1M
Payables for standby commitments: $0
Liquidation preference of outstanding preferred stock: $0
Cash not reported in Parts C or D: $0

Monthly flows and gains

	Month 1	Month 2	Month 3
Sales	$53.7M	$40.4M	$49.3M
Reinvestment	$13.9M	$13.7M	$13.7M
Redemptions	$63.2M	$56.3M	$52.5M
Net realized gain (non-derivative)	$-18.8M	$2.13M	$-2.14M
Net unrealized appreciation (non-derivative)	$50.9M	$-5.42M	$-10.2M

The three months of the reporting period, as filed; month 3 ends June 30, 2026.

Credit spread risk (change in value per 1bp spread move)

Tenor	Investment grade	Non-investment grade
3 months	$0	$-167
1 year	$-9.21K	$-82.6K
5 years	$-19.2K	$-502K
10 years	$-3.19K	$-185K
30 years	$0	$-4.84K

Filing details

Registrant: Franklin High Income Trust
Registrant CIK: 2768
Registrant LEI: 549300PR23B957L1CF10
Series: Franklin High Income Fund
Series ID: S000006840
Series LEI: Z1846KCY9PS334NJ7L60
SEC file number: 811-01608
Address: One Franklin Parkway, San Mateo, US-CA, 94403-1906, US
Phone: 650-312-2000
Form: NPORT-P
Filed: August 27, 2026
Report period ends: September 30, 2026
Report month ends: June 30, 2026
Accession number: 000207169126020974

Holding	Value	% of net assets
Franklin Institutional U.s. Government Money Market Fund STIV	$70.2M	2.42%
Martin Midstream Partners LP / Martin Midstream Finance Corp. DBT	$29.2M	1.01%
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp. DBT	$26.4M	0.91%
Mauser Packaging Solutions Holding Co. DBT	$24.6M	0.85%
Weekley Homes LLC / Weekley Finance Corp. DBT	$24.4M	0.84%
California Buyer Ltd. / Atlantica Sustainable Infrastructure PLC DBT	$24.2M	0.83%
Kedrion Spa DBT	$23.9M	0.83%
Dexko Global, Inc. DBT	$23.3M	0.80%
Rain Carbon, Inc. DBT	$23.2M	0.80%
Rr Donnelley & Sons Co. DBT	$22.4M	0.77%
Millrose Properties, Inc. DBT	$21.3M	0.73%
Edged Compute LLC DBT	$20.7M	0.71%
Apld Computeco LLC DBT	$20.6M	0.71%
Northriver Midstream Finance LP DBT	$20.4M	0.70%
Efesto Bidco Spa Efesto Us LLC DBT	$20.2M	0.70%
Firstcash, Inc. DBT	$19.9M	0.69%
Phh Escrow Issuer LLC DBT	$19.6M	0.68%
Carnival Corp. Ltd. DBT	$18.4M	0.63%
Iqvia, Inc. DBT	$18.1M	0.63%
Opal Bidco Sas DBT	$18.1M	0.62%
Clydesdale Acquisition Holdings, Inc. DBT	$18M	0.62%
Transdigm, Inc. DBT	$17.4M	0.60%
Venture Global Lng, Inc. DBT	$17.2M	0.59%
Encore Capital Group, Inc. DBT	$17.2M	0.59%
Davita, Inc. DBT	$16.2M	0.56%
Crescent Energy Finance LLC DBT	$15.9M	0.55%
Zegona Finance PLC DBT	$15.9M	0.55%
Hilton Domestic Operating Co., Inc. DBT	$15.8M	0.55%
Banijay Entertainment Sas DBT	$15.7M	0.54%
Beach Acquisition Bidco LLC DBT	$15.6M	0.54%
Vz Secured Financing Bv DBT	$15.5M	0.54%
Sinclair Television Group, Inc. DBT	$15.5M	0.54%
Constellium Se DBT	$15.4M	0.53%
Nrg Energy, Inc. DBT	$15.3M	0.53%
Calumet Specialty Products Partners LP / Calumet Finance Corp. DBT	$14.9M	0.52%
Pr Rno Property Owner 1 LLC DBT	$14.8M	0.51%
Connect Finco Sarl / Connect Us Finco LLC DBT	$14.7M	0.51%
Prog Holdings, Inc. DBT	$14.6M	0.51%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-issuer DBT	$14.4M	0.50%
Calderys Financing LLC DBT	$14.2M	0.49%
Mcgraw-hill Education, Inc. DBT	$14.1M	0.49%
Jane Street Group / Jsg Finance, Inc. DBT	$13.8M	0.48%
Apld Computeco 2 LLC DBT	$13.8M	0.48%
Carnival Corp. Ltd. DBT	$13.7M	0.47%
Great Canadian Gaming Corp. DBT	$13.7M	0.47%
Cco Holdings LLC / Cco Holdings Capital Corp. DBT	$13.6M	0.47%
Froneri Lux Finco Sarl DBT	$13.5M	0.47%
Watco Cos. LLC / Watco Finance Corp. DBT	$13.4M	0.46%
Ew Scripps Co. (the) DBT	$13.1M	0.45%
Global Net Lease, Inc. / Global Net Lease Operating Partnership LP DBT	$13.1M	0.45%
Jane Street Group / Jsg Finance, Inc. DBT	$13.1M	0.45%
Global Net Lease, Inc. DBT	$13.1M	0.45%
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. DBT	$13M	0.45%
Bombardier, Inc. DBT	$12.9M	0.45%
Freedom Mortgage Holdings LLC DBT	$12.9M	0.45%
Iron Mountain, Inc. DBT	$12.8M	0.44%
Mohegan Tribal Gaming Authority / Ms Digital Entertainment Holdings LLC DBT	$12.8M	0.44%
Toucan Finco Ltd. / Toucan Finco Can, Inc. / Toucan Finco Us LLC DBT	$12.6M	0.44%
Wayfair LLC DBT	$12.6M	0.44%
Jefferson Capital Holdings LLC DBT	$12.5M	0.43%

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