Franklin High Yield Tax Free Income Fund Class A (FHYQX)
| Fund Assets | 4.67B |
| Expense Ratio | 0.83% |
| Min. Investment | $1,000 |
| Turnover | 14.31% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 4.30% |
| Dividend Growth | 1.67% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.30 |
| YTD Return | 1.00% |
| 1-Year Return | 3.70% |
| 5-Year Return | 4.24% |
| 52-Week Low | 8.43 |
| 52-Week High | 9.30 |
| Beta (5Y) | n/a |
| Holdings | 1861 |
| 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 3.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.62%.
Top 10 Holdings
13.94% of assets| Name | Symbol | Weight |
|---|---|---|
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% | CA.SJHTRN 0 01.01.2027 | 2.38% |
| Vanguard Tax-Exempt Bond ETF | VTEB | 2.31% |
| Grand Canyon University 5.125% | GCUNIV.5.125 10.01.28 | 1.83% |
| PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% | CO.PUBUTL 6.5 11.15.2038 | 1.56% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 0% | PR.PRCGEN 0 07.01.2051 | 1.11% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | CA.SJHTRN 6 01.15.2046 | 0.99% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | CA.SJHTRN 6 01.15.2045 | 0.99% |
| SAN MATEO FOSTER CITY CALIF SCH DIST 0% | CA.SMTSCD 0 08.01.2042 | 0.96% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 0.95% |
| OHIO ST TPK COMMN TPK REV 5.75% | OH.OHSTRN 5.75 02.15.2035 | 0.86% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03206 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03576 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03082 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03635 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0318 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03483 | Aug 29, 2025 |