Franklin High Yield Tax Free Income Fund Class A1 (FRHIX)

Fund Assets	4.33B
Expense Ratio	0.64%
Min. Investment	$1,000
Turnover	12.16%
Dividend (ttm)	0.41
Dividend Yield	4.93%
Dividend Growth	-0.64%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	8.33
YTD Return	-2.91%
1-Year Return	-1.30%
5-Year Return	1.55%
52-Week Low	8.23
52-Week High	9.04
Beta (5Y)	0.08
Holdings	1842
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.

• Fund Family: Franklin Templeton, Inc
• Category: High Yield Muni
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FRHIX
• Share Class: Class A1
• Index: Bloomberg Municipal Bond TR

Performance

FRHIX had a total return of -1.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.55%.

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%
FHYQX	Class A	0.81%
FHYIX	Class C	1.20%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03369	Sep 30, 2026
Aug 31, 2026	$0.03307	Aug 31, 2026
Jul 31, 2026	$0.03698	Jul 31, 2026
Jun 30, 2026	$0.0336	Jun 30, 2026
May 29, 2026	$0.03423	May 29, 2026
Apr 30, 2026	$0.03276	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 16, 2026

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