Morningstar

Franklin High Yield Tax Free Income Fund Class A1 FRHIX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $8.48  /  +0.83 %
  • Fund Size $4.4B
  • Adjusted Expense Ratio 0.660%
  • Net Expense Ratio 0.660%
  • Fee Level: Distribution Low
  • Share Class Type Front Load
  • Morningstar Category High Yield Muni
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1,000
  • Investment Status Limited
  • TTM Yield 4.95%
  • Average Effective Duration 8.27 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FRHIX

Will FRHIX outperform in the 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 FRHIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin High Yield Tax Free Inc A1 holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FRHIX

More FRHIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Vanguard Tax-Exempt Bond ETF

2.99 130M
—

PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5%

1.54 67M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

1.16 51M
municipal

SAN MATEO FOSTER CITY CALIF SCH DIST 6.625%

1.01 44M
municipal

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

0.97 42M
municipal

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

0.97 42M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

0.87 38M
municipal

OHIO ST TPK COMMN TPK REV 5.75%

0.86 38M
municipal

UPPER ILL RIV VY DEV AUTH MULTIFAMILY HSG REV 0%

0.84 36M
municipal

DISTRICT COLUMBIA TOB SETTLEMENT FING CORP 0%

0.82 36M
municipal

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