Franklin High Yield Tax Free Income Fund Class A (FHYQX)

Fund Assets	4.33B
Expense Ratio	0.792%
Min. Investment	$1,000
Turnover	12.16%
Dividend (ttm)	0.40
Dividend Yield	4.77%
Dividend Growth	-0.68%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.34
YTD Return	-3.13%
1-Year Return	-1.56%
5-Year Return	0.62%
52-Week Low	8.23
52-Week High	9.04
Beta (5Y)	n/a
Holdings	1842
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.

• Fund Family: Franklin Templeton, Inc
• Category: High Yield Muni
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FHYQX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

FHYQX had a total return of -1.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.20%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FHYRX	Class R6	0.51%
FHYVX	Advisor Class	0.56%
FRHIX	Class A1	0.66%
FHYIX	Class C	1.20%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03263	Sep 30, 2026
Aug 31, 2026	$0.03202	Aug 31, 2026
Jul 31, 2026	$0.03577	Jul 31, 2026
Jun 30, 2026	$0.03248	Jun 30, 2026
May 29, 2026	$0.0331	May 29, 2026
Apr 30, 2026	$0.03166	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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