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

9.95
Net Asset Value
0.00%
1 Day
-1.68%
Year-to-Date
Overall Morningstar Rating
High yield muni
Style or Category
4.25
Sales Expenses
0.64%
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.

Performance

1 month-0.69% 3 years+2.00%
3 months-0.49% 5 years+2.49%
1 year+1.80% Since inception+6.06%
Data through --

Peer Comparisonvs. High yield muni

 FRHIXCategory
Performance 5-yr return+2.49%+3.87%
Expense ratio0.64%0.95%
Risk 5 year sharpe ratio0.480.66
Net assets$6.8B$1.8B
Average market cap--$25.9B
Average P/E--13.7
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 / 26 Years
Minimal initial investment$1,000.00
Minimum IRA investment--

Holdings

Fixed income99.46%
Cash0.53%
U.S. stock0.01%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 1.66%
-- 1.66%
-- 1.62%
-- 1.23%
-- 1.14%
-- 1.08%
-- 0.93%
-- 0.91%
-- 0.91%
-- 0.85%