Franklin High Yield Tax Free Inc C (FHYIX)
| Fund Assets | 4.56B |
| Expense Ratio | 1.21% |
| Min. Investment | $1,000 |
| Turnover | 14.31% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 4.13% |
| Dividend Growth | 1.43% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 8.74 |
| YTD Return | -3.16% |
| 1-Year Return | -2.10% |
| 5-Year Return | 0.10% |
| 52-Week Low | 8.58 |
| 52-Week High | 9.36 |
| Beta (5Y) | 0.32 |
| Holdings | 1882 |
| Inception Date | May 1, 1995 |
About FHYIX
Franklin High Yield Tax-Free Income Fund Class C is a mutual fund focused on providing investors with a high level of current income that is exempt from regular federal income taxes. Managed under the Franklin Tax-Free Trust, this fund primarily invests in a diversified portfolio of lower-rated or unrated municipal securities issued by various U.S. states and territories, including sectors such as special tax, housing, health care, and transportation. The fund's investment strategy seeks to take advantage of higher yields typically offered by these municipal bonds, while also aiming for capital appreciation when possible. With a substantial asset base and more than 1,800 holdings, the fund is broadly diversified across multiple geographic regions, including significant exposure to California, Florida, Texas, and Puerto Rico. The Class C share structure features a level load, making it suitable for investors seeking ongoing access to municipal bond income with lower up-front costs. Its monthly distribution schedule and emphasis on tax-exempt yields highlight its appeal to investors looking for efficient after-tax income solutions within the high yield municipal bond segment.
Performance
FHYIX had a total return of -2.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.55%.
Top 10 Holdings
15.69% of assets| Name | Symbol | Weight |
|---|---|---|
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% | CA.SJHTRN 0 01.01.2027 | 2.64% |
| Vanguard Tax-Exempt Bond ETF | VTEB | 2.55% |
| Grand Canyon University 5.125% | GCUNIV.5.125 10.01.28 | 1.82% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% | CA.SJHTRN 0 01.01.2026 | 1.73% |
| PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% | CO.PUBUTL 6.5 11.15.2038 | 1.54% |
| PUERTO RICO ELEC PWR AUTH PWR REV | PR.PRCPWR 7.12 07.01.2059 | 1.47% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2051 | 1.04% |
| iShares National Muni Bond ETF | MUB | 1.02% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | CA.SJHTRN 6 01.15.2046 | 0.94% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | CA.SJHTRN 6 01.15.2045 | 0.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.03133 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0295 | Jun 30, 2025 |
| May 30, 2025 | $0.0323 | May 30, 2025 |
| Apr 30, 2025 | $0.02991 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02866 | Mar 31, 2025 |
| Feb 28, 2025 | $0.02772 | Feb 28, 2025 |