Franklin High Yield Tax Free Income Fund Advisor Class (FHYVX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
8.56
0.00 (0.00%)
Jul 24, 2025, 4:00 PM EDT
Fund Assets4.64B
Expense Ratio0.57%
Min. Investment$1,000
Turnover14.31%
Dividend (ttm)0.42
Dividend Yield4.88%
Dividend Growth1.85%
Payout FrequencyMonthly
Ex-Dividend DateJun 30, 2025
Previous Close8.56
YTD Return-3.23%
1-Year Return-0.63%
5-Year Return4.05%
52-Week Low8.45
52-Week High9.21
Beta (5Y)n/a
Holdings1868
Inception DateJan 3, 2006

About FHYVX

Franklin High Yield Tax-Free Income Fund Advisor Class is a U.S. municipal bond mutual fund focused on providing a high current yield that is exempt from regular federal income taxes. Its primary function is to deliver tax-advantaged income to investors, while capital appreciation serves as a secondary objective. The fund primarily invests at least 80% of its assets in a broad spectrum of municipal securities, including lower-rated and even non-rated municipal bonds, to generate strong income potential. The portfolio is diversified across sectors such as special tax, housing, health care, industrial development, and transportation, with significant geographical exposure to states like California, Florida, and Texas. The fund typically maintains a moderately long effective duration and offers monthly dividend distributions, making it attractive for investors seeking steady, tax-efficient income. It is recognized for its sizable asset base and a competitive expense ratio relative to peers, positioning it as an important vehicle within the high yield municipal bond sector for those pursuing tax-advantaged returns and income diversification.

Fund Family Franklin Templeton Investments
Category High Yield Muni
Stock Exchange NASDAQ
Ticker Symbol FHYVX
Share Class Advisor Class
Index Bloomberg Municipal Bond TR

Performance

FHYVX had a total return of -0.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.22%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
FHYRXClass R60.53%
FRHIXClass A10.68%
FHYQXClass A0.83%
FHYIXClass C1.21%

Top 10 Holdings

16.32% of assets
NameSymbolWeight
Vanguard Tax-Exempt Bond ETFVTEB2.82%
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0%CA.SJHTRN 0 01.01.20272.61%
Grand Canyon University 5.125%GCUNIV.5.125 10.01.281.98%
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0%CA.SJHTRN 0 01.01.20261.93%
PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5%CO.PUBUTL 6.5 11.15.20381.54%
PUERTO RICO ELEC PWR AUTH PWR REVPR.PRCPWR 7.12 07.01.20591.46%
PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%PR.PRCGEN 0 07.01.20511.05%
iShares National Muni Bond ETFMUB1.02%
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6%CA.SJHTRN 6 01.15.20460.96%
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6%CA.SJHTRN 6 01.15.20450.95%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jun 30, 2025$0.03406Jun 30, 2025
May 30, 2025$0.03735May 30, 2025
Apr 30, 2025$0.03464Apr 30, 2025
Mar 31, 2025$0.03338Mar 31, 2025
Feb 28, 2025$0.03231Feb 28, 2025
Jan 31, 2025$0.03586Jan 31, 2025
Full Dividend History