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.
Fund Family Franklin Templeton Investments
Category High Yield Muni
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FHYIX
Share Class Class C
Index Bloomberg Municipal Bond TR
FHYIX had a total return of 6.58% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.74%.
