Franklin High Yield Tax Free Income Fund Class A (FHYQX)
Fund Assets | 4.64B |
Expense Ratio | 0.83% |
Min. Investment | $1,000 |
Turnover | 14.31% |
Dividend (ttm) | 0.40 |
Dividend Yield | 4.46% |
Dividend Growth | 1.77% |
Payout Frequency | Monthly |
Ex-Dividend Date | Jun 30, 2025 |
Previous Close | 8.53 |
YTD Return | -3.32% |
1-Year Return | -0.88% |
5-Year Return | 2.51% |
52-Week Low | 8.42 |
52-Week High | 9.18 |
Beta (5Y) | n/a |
Holdings | 1868 |
Inception Date | Sep 10, 2018 |
About FHYQX
Franklin High Yield Tax-Free Income Fund Class A is a mutual fund focused on delivering a high level of current income that is exempt from regular federal income taxes. The fund primarily invests in lower-rated or unrated municipal securities issued by various states and local governments across the United States, which allows it to target bonds that offer higher yields than those found in the investment-grade municipal market. Its diversified portfolio spans thousands of holdings and emphasizes high-yield municipal bonds, positioning it within the "High Yield Muni" category. Capital preservation is not the primary aim, but the fund also seeks capital appreciation when possible, making it suitable for investors prioritizing tax-free income over long-term growth. With an inception date of September 10, 2018, the fund manages multi-billion-dollar assets and maintains a relatively moderate expense ratio. Franklin High Yield Tax-Free Income Fund Class A plays a notable role in the market by providing individuals seeking tax-advantaged income an alternative to traditional fixed-income products, especially for those in higher tax brackets who benefit most from federal tax exemption on interest income.
Performance
FHYQX had a total return of -0.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.77%.
Top 10 Holdings
16.32% of assetsName | Symbol | Weight |
---|---|---|
Vanguard Tax-Exempt Bond ETF | VTEB | 2.82% |
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% | CA.SJHTRN 0 01.01.2027 | 2.61% |
Grand Canyon University 5.125% | GCUNIV.5.125 10.01.28 | 1.98% |
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% | CA.SJHTRN 0 01.01.2026 | 1.93% |
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 | 1.46% |
PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2051 | 1.05% |
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 | 0.96% |
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | CA.SJHTRN 6 01.15.2045 | 0.95% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Jun 30, 2025 | $0.03234 | Jun 30, 2025 |
May 30, 2025 | $0.03545 | May 30, 2025 |
Apr 30, 2025 | $0.03286 | Apr 30, 2025 |
Mar 31, 2025 | $0.03161 | Mar 31, 2025 |
Feb 28, 2025 | $0.03059 | Feb 28, 2025 |
Jan 31, 2025 | $0.0339 | Jan 31, 2025 |