Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Franklin High Yield Tax-Free Income Fund Class A (FRHIX)

Net Asset Value
1 Day
Overall Morningstar Rating
High yield muni
Style or Category
Sales Expenses
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide investors with a high current yield exempt from federal income taxes; its secondary goal is capital appreciation to the extent possible and consistent with the fund's principal investment goal. The fund invests at least 80% of its net assets in securities whose interest is free from federal income taxes- including the federal alternative minimum tax. It may invest in municipal securities rated in any rating category- including defaulted securities.


1 month-0.31% 3 years+2.85%
3 months-0.78% 5 years+2.46%
1 year+2.58% Since inception+6.11%
Data through --

Peer Comparisonvs. High yield muni

Performance 5-yr return+2.46%+4.04%
Expense ratio0.64%0.93%
Risk 5 year sharpe ratio0.540.71
Net assets$7.2B$1.8B
Average market cap--$22.4B
Average P/E--11.8
Portfolio turnover12%12%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyFranklin Templeton Investments
Fund manager & tenureJohn Wiley / 25 Years
Minimal initial investment$1,000.00
Minimum IRA investment--


Fixed income99.09%
U.S. stock0.01%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 1.57%
-- 1.54%
-- 1.54%
-- 1.13%
-- 1.05%
-- 1.04%
-- 0.90%
-- 0.86%
-- 0.85%
-- 0.80%