Franklin High Yield Tax Free Income Fund Class A1 (FRHIX)
| Fund Assets | 4.64B |
| Expense Ratio | 0.68% |
| Min. Investment | $1,000 |
| Turnover | 14.31% |
| Dividend (ttm) | 0.41 |
| Dividend Yield | 4.62% |
| Dividend Growth | 1.82% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 8.52 |
| YTD Return | -3.05% |
| 1-Year Return | -0.49% |
| 5-Year Return | 3.89% |
| 52-Week Low | 8.41 |
| 52-Week High | 9.17 |
| Beta (5Y) | n/a |
| Holdings | 1868 |
| Inception Date | Mar 19, 1986 |
About FRHIX
Franklin High Yield Tax-Free Income Fund Class A1 is an open-end mutual fund that primarily targets a high level of current income exempt from regular federal income taxes. Designed for investors seeking tax-advantaged income, the fund primarily invests at least 80% of its net assets in municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax. This approach makes it particularly relevant for individuals aiming to maximize after-tax returns. The portfolio focuses on lower-rated or unrated municipal bonds, which tend to offer higher yields compared to investment-grade municipal securities, accepting increased credit risk as a trade-off for higher income potential. The fund maintains broad sector and geographic diversification, ensuring no more than 25% of assets are invested in the securities of any one state and up to 35% in those issued by U.S. territories. Managed with a long-term income perspective, the fund typically holds a large number of underlying bond positions, reflecting careful security selection and credit analysis. Its monthly income distributions and a relatively moderate expense ratio contribute to its role as a significant player in the high-yield municipal bond segment of the U.S. fixed-income market, serving investors focused on stable, tax-advantaged income streams.
Performance
FRHIX had a total return of -0.49% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.55%.
Top 10 Holdings
16.32% of assets| Name | 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 | $0.03337 | Jun 30, 2025 |
| May 30, 2025 | $0.03659 | May 30, 2025 |
| Apr 30, 2025 | $0.03393 | Apr 30, 2025 |
| Mar 31, 2025 | $0.03267 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03162 | Feb 28, 2025 |
| Jan 31, 2025 | $0.03508 | Jan 31, 2025 |