The Franklin High Income Fund Class A1 (FHAIX) is a mutual fund that primarily invests in a diverse portfolio of high-yield bonds and other fixed-income securities. This fund aims to provide investors with a steady stream of income through its investments in corporate bonds, government bonds, and other debt instruments. With a focus on high-quality, income-generating assets, the Franklin High Income Fund Class A1 offers investors the potential for attractive returns while also managing risk through its diversified holdings. This fund is suitable for investors seeking a balance of income and capital appreciation in their investment portfolio.