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Morningstar

Franklin High Yield Tax Free Inc Adv FHYVX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.02  /  +0.15 %
  • Total Assets 4.9 Bil
  • Adj. Expense Ratio
    0.570%
  • Expense Ratio 0.570%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 4.58%
  • Effective Duration 7.43 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0

Morningstar’s Analysis FHYVX

Will FHYVX 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 FHYVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FHYVX 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 FHYVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Franklin High Yield Tax Free Inc Adv's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FHYVX

More FHYVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 14.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0%

2.35 115.5 Mil
municipal

SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0%

2.13 104.8 Mil
municipal

Grand Canyon University 5.125%

1.75 85.9 Mil
Corporate

PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5%

1.51 74.2 Mil
municipal

PUERTO RICO ELEC PWR AUTH PWR REV 7.125%

1.37 67.2 Mil
municipal

Vanguard Tax-Exempt Bond ETF

1.17 57.6 Mil
—

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

1.17 57.3 Mil
municipal

SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6%

0.99 48.9 Mil
municipal

SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6%

0.99 48.8 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

0.99 48.7 Mil
municipal