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
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol FHYVX
Share Class Advisor Class
Index Bloomberg Municipal Bond TR
FHYVX had a total return of 7.26% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.58%.
