The reorganization of personnel supporting Franklin High Yield Tax Free Income has the potential to benefit the strategy over the long term, but more time is needed to assess whether these adjustments plus process changes create material improvements. All share classes for this strategy retain a Morningstar Analyst Rating of Neutral.
Franklin High Yield Tax Free Inc C FHYIX
NAV / 1-Day Return
10.51
/
0.01
%
Total Assets
6.7 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.190%
Expense Ratio
1.190%
Fee Level
Low
Longest Manager Tenure
16.18
years
Category
High Yield Muni
Credit Quality / Interest Rate Sensitivity
Low / ExtensiveMin. Initial Investment
1,000
Status
Open
TTM Yield
3.23%
Effective Duration
7.05
years
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FHYIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FHYIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FHYIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FHYIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The new head of Franklin’s municipal platform has made multiple changes.
