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Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Franklin High Yield Tax Free Income Fund

FRHIX | Fund

$8.88

$6.02 B

8.24%

$0.73

0.64%

Vitals

YTD Return

-15.2%

1 yr return

-7.8%

3 Yr Avg Return

1.0%

5 Yr Avg Return

2.1%

Net Assets

$6.02 B

Holdings in Top 10

12.8%

52 WEEK LOW AND HIGH

$8.9
$8.80
$10.55

Expenses

OPERATING FEES

Expense Ratio 0.64%

SALES FEES

Front Load 3.50%

Deferred Load N/A

TRADING FEES

Turnover 18.70%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Muni

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

Franklin High Yield Tax Free Income Fund

FRHIX | Fund

$8.88

$6.02 B

8.24%

$0.73

0.64%

FRHIX - Profile

Distributions

  • YTD Total Return -15.2%
  • 3 Yr Annualized Total Return -0.2%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.65%
DIVIDENDS
  • Dividend Yield 8.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin High Yield Tax Free Income Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Mar 18, 1986
  • Shares Outstanding
    337224147
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Francisco Rivera

Fund Description

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.

FRHIX - Performance

Return Ranking - Trailing

Period FRHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.2% -23.2% -0.6% 56.31%
1 Yr -7.8% -14.0% 4.4% 55.56%
3 Yr 1.0%* -2.2% 4.1% 40.99%
5 Yr 2.1%* 0.2% 4.7% 70.33%
10 Yr 2.8%* 1.8% 5.9% 85.00%

* Annualized

Return Ranking - Calendar

Period FRHIX Return Category Return Low Category Return High Rank in Category (%)
2021 1.2% -1.9% 5.6% 75.00%
2020 1.8% -10.1% 4.2% 11.93%
2019 3.0% -0.7% 9.1% 94.34%
2018 -2.5% -5.7% 95.6% 51.55%
2017 -0.7% -0.7% 8.6% 100.00%

Total Return Ranking - Trailing

Period FRHIX Return Category Return Low Category Return High Rank in Category (%)
YTD -15.2% -23.2% -0.6% 55.86%
1 Yr -11.0% -14.0% 4.3% 79.56%
3 Yr -0.2%* -2.2% 3.6% 78.83%
5 Yr 1.3%* 0.2% 4.7% 91.39%
10 Yr 2.5%* 1.8% 5.9% 91.25%

* Annualized

Total Return Ranking - Calendar

Period FRHIX Return Category Return Low Category Return High Rank in Category (%)
2021 1.2% -1.9% 5.6% 75.00%
2020 1.8% -10.1% 4.2% 11.93%
2019 3.0% -0.7% 9.1% 94.34%
2018 -2.5% -5.7% 95.6% 55.67%
2017 -0.7% -0.7% 9.8% 100.00%

NAV & Total Return History

FRHIX - Holdings

Concentration Analysis

FRHIX Category Low Category High FRHIX % Rank
Net Assets 6.02 B 9.79 K 20.2 B 16.07%
Number of Holdings 1729 1 3950 13.84%
Net Assets in Top 10 771 M -102 M 3.41 B 11.61%
Weighting of Top 10 12.75% 1.1% 97.0% 50.22%

Top 10 Holdings

  1. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 0% 2.08%
  2. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 0% 2.02%
  3. Grand Canyon University 5.125% 5.125% 1.50%
  4. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 6.5% 1.31%
  5. LIBERTY N Y DEV CORP REV 5.25% 5.25% 1.28%
  6. JEFFERSON CNTY ALA SWR REV 0% 0% 1.26%
  7. California St 5.25% 1.23%
  8. METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 6.5% 0.95%
  9. PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% 0% 0.89%
  10. NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 0.03% 0.87%

Asset Allocation

Weighting Return Low Return High FRHIX % Rank
Bonds 		100.20% 0.00% 146.69% 6.61%
Stocks 		0.00% 0.00% 5.80% 51.98%
Preferred Stocks 		0.00% -47.61% 0.32% 43.75%
Other 		0.00% 0.00% 0.18% 48.21%
Convertible Bonds 		0.00% 0.00% 0.00% 41.52%
Cash 		-0.20% -3.16% 100.00% 93.75%

Bond Sector Breakdown

Weighting Return Low Return High FRHIX % Rank
Municipal 		97.75% 0.00% 100.00% 55.80%
Corporate 		1.76% 0.00% 4.15% 7.14%
Cash & Equivalents 		0.49% 0.00% 100.00% 68.75%
Derivative 		0.00% 0.00% 0.02% 43.30%
Securitized 		0.00% 0.00% 22.44% 44.64%
Government 		0.00% 0.00% 0.09% 44.64%

Bond Geographic Breakdown

Weighting Return Low Return High FRHIX % Rank
US 		91.72% 0.00% 139.84% 43.30%
Non US 		8.48% 0.00% 21.09% 32.14%

FRHIX - Expenses

Operational Fees

FRHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.05% 2.63% 66.21%
Management Fee 0.45% 0.00% 1.41% 26.87%
12b-1 Fee 0.10% 0.00% 1.00% 22.69%
Administrative Fee 0.15% 0.02% 0.35% 71.64%

Sales Fees

FRHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.50% 1.00% 4.50% 62.22%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FRHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FRHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 18.70% 2.00% 121.00% 44.98%

FRHIX - Distributions

Dividend Yield Analysis

FRHIX Category Low Category High FRHIX % Rank
Dividend Yield 8.24% 0.00% 13.03% 16.74%

Dividend Distribution Analysis

FRHIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FRHIX Category Low Category High FRHIX % Rank
Net Income Ratio 3.65% 1.11% 5.70% 24.67%

Capital Gain Distribution Analysis

FRHIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FRHIX - Fund Manager Analysis

Managers

Francisco Rivera

Start Date

Tenure

Tenure Rank

Dec 31, 2004

17.42

17.4%

Francisco Rivera,Vice President, has been a lead portfolio manager since 1996. He has primary responsibility for the investments. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated investment management requirements. The degree to which he may perform these functions, and the nature of these functions, may change from time to time. He joined Franklin Templeton Investments in 1994.

Daniel Workman

Start Date

Tenure

Tenure Rank

Nov 25, 2009

12.52

12.5%

Daniel Workman, CFA, has been an analyst or portfolio manager since 2009,providing research and advice on the purchases and sales of individual securities, and portfolio risk assessment. He joined Franklin Templeton Investments in 2003.

Ben Barber

Start Date

Tenure

Tenure Rank

Aug 01, 2020

1.83

1.8%

Mr. Barber is is the Director of Franklin's Municipal Bond Department. Prior to joining Franklin Templeton, he was co-head of municipal bonds at Goldman Sachs Asset Management. He first joined Franklin Templeton in 1991 and rejoined again in April 2020.

James Conn

Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Mr. Conn is a senior vice president and portfolio manager with Franklin Advisers, Inc, his employer since 1996. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated management requirements. Mr. Conn holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 21.43 7.34 2.52

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