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FRHIX Franklin High Yield Tax-Free Inc A

  • Fund
  • FRHIX
  • Price as of: Dec 06, 2016
  • $10.14
  • + $0.01
  • + 0.10%
  • Category
  • High Yield Bonds

FRHIX - Profile

Vitals

  • YTD Return -3.5%
  • 3 Yr Annualized Return 5.5%
  • 5 Yr Annualized Return 4.5%
  • Net Assets $8.52 B
  • Holdings in Top 10 10.1%

52 WEEK LOW AND HIGH

$10.14
$10.12
$10.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.67%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 11.81%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Muni

Distributions

  • YTD Total Return -3.5%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.32%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin High Yield Tax Free Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Mar 18, 1986
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Daniel Workman

Fund Description

The fund invests at least 80% of its net assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It may invest in municipal securities rated in any rating category, including defaulted securities.

FRHIX - Performance

Return Ranking - Trailing

Period FRHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.5% -30.0% 336.7% 66.61% 5
1 Yr 1.3% -30.5% 29.9% 91.36% 5
3 Yr 5.5% * -12.0% 7.7% 0.99% 1
5 Yr 4.5% * -12.9% 12.5% 90.60% 5
10 Yr 4.1% * -11.9% 12.4% 92.13% 5

* Annualized


Return Ranking - Calendar

Period FRHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.1% -34.3% 1.0% 2.55% 1
2014 8.8% -21.7% 10.4% 0.69% 1
2013 -10.7% -16.9% 31.6% 66.92% 5
2012 6.4% -18.5% 17.6% 48.05% 4
2011 6.6% -18.8% 6.8% 0.71% 1

Total Return Ranking - Trailing

Period FRHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.5% -30.0% 336.7% 70.63% 5
1 Yr -3.0% -30.5% 29.9% 94.75% 5
3 Yr 4.0% * -12.0% 7.7% 14.94% 1
5 Yr 3.6% * -12.9% 12.5% 94.43% 5
10 Yr 3.6% * -11.9% 12.4% 94.83% 5

* Annualized


Total Return Ranking - Calendar

Period FRHIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.1% -30.4% 4.6% 8.64% 1
2014 8.8% -18.4% 10.4% 0.69% 1
2013 -10.7% -16.9% 55.9% 71.48% 5
2012 6.4% -18.5% 33.1% 67.32% 5
2011 6.6% -18.8% 11.9% 10.69% 1

NAV & Total Return History

FRHIX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

FRHIX Category Low Category High FRHIX % Rank Quintile
Net Assets 8.52 B 2.52 M 20.6 B 2.15% 1
Number of Holdings 765 1 1424 1.99% 1
Net Assets in Top 10 874 M -32.2 M 3.63 B 1.23% 1
Weighting of Top 10 10.1% 0.0% 100.0% 20.71% 3

Top 10 Holdings

  1. Public Auth 6.5% 1.52%
  2. San Joaquin Hills Calif Transn Jr Lien T 1.33%
  3. San Joaquin Hills Calif Transn Jr Lien T 1.31%
  4. Liberty N Y Dev Corp Rev Rev Bds 5.25% 1.00%
  5. Metropolitan Wash D C Arpts Au Rev 6.5% 0.94%
  6. California St Various P 5.25% 0.92%
  7. California St Various P 5.5% 0.79%
  8. St John Baptist Parish La Rev Rev 5.125% 0.77%
  9. Farmington N Mex Pollutn Ctl R Poll 5.9% 0.76%
  10. South Carolina St Pub Svcs Aut Re 5.125% 0.72%

Asset Allocation

Weighting Category Low Category High FRHIX % Rank Quintile
Bonds
99.18% -9.44% 107.80% 0.92% 1
Cash
0.81% -11.47% 109.44% 29.29% 5
Stocks
0.01% 0.00% 99.40% 15.80% 3
Convertible Bonds
0.00% 0.00% 18.92% 14.11% 5
Preferred Stocks
0.00% 0.00% 18.78% 14.57% 5
Other
0.00% -11.89% 38.60% 20.09% 5

Stock Sector Breakdown

Weighting Category Low Category High FRHIX % Rank Quintile
Utilities
0.00% -0.07% 6.44% N/A N/A
Technology
0.00% 0.00% 26.11% N/A N/A
Real Estate
0.00% 0.00% 8.20% N/A N/A
Industrials
0.00% 0.00% 15.72% N/A N/A
Healthcare
0.00% 0.00% 21.24% N/A N/A
Financial Services
0.00% 0.00% 16.65% N/A N/A
Energy
0.00% 0.00% 12.30% N/A N/A
Communication Services
0.00% -0.06% 9.11% N/A N/A
Consumer Defense
0.00% -0.12% 5.56% N/A N/A
Consumer Cyclical
0.00% 0.00% 16.04% N/A N/A
Basic Materials
0.00% 0.00% 1.80% N/A N/A

Stock Geographic Breakdown

Weighting Category Low Category High FRHIX % Rank Quintile
US
0.01% 0.00% 83.03% 14.42% 3
Non US
0.00% -0.01% 53.05% 7.98% 4

Bond Sector Breakdown

Weighting Category Low Category High FRHIX % Rank Quintile
Municipal
99.13% 0.00% 100.00% 0.46% 1
Cash & Equivalents
0.81% -7.60% 100.00% 29.29% 5
Corporate
0.05% 0.00% 101.98% 32.67% 5
Securitized
0.00% 0.00% 68.94% 17.94% 5
Derivative
0.00% -19.62% 9.44% 4.14% 4
Government
0.00% -9.04% 51.73% 20.86% 5

Bond Geographic Breakdown

Weighting Category Low Category High FRHIX % Rank Quintile
US
99.18% -9.44% 100.00% 0.31% 1
Non US
0.00% 0.00% 47.90% 32.06% 5

FRHIX - Expenses

Operational Fees

FRHIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.67% 0.00% 3.69% 25.19% 1
Management Fee 0.45% 0.12% 1.00% 5.52% 1
12b-1 Fee 0.10% 0.00% 1.00% 5.10% 1
Administrative Fee 0.15% 0.00% 0.45% 3.23% 4

Sales Fees

FRHIX Fees (% of AUM) Category Low Category High FRHIX Rank Quintile
Front Load 4.25% 2.00% 5.75% 4.00% 3
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

FRHIX Fees (% of AUM) Category Low Category High FRHIX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FRHIX Fees (% of AUM) Category Low Category High FRHIX Rank Quintile
Turnover 11.81% 6.00% 2247.00% 17.20% 1

FRHIX - Distributions

Dividend Yield Analysis

FRHIX Category Low Category High FRHIX % Rank Quintile
Dividend Yield 0.4% 0.00% 6.16% 28.77% 3

Dividend Distribution Analysis

FRHIX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FRHIX Category Low Category High FRHIX % Rank Quintile
Net Income Ratio 4.32% -2.75% 9.92% 35.18% 5

Capital Gain Distribution Analysis

FRHIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

FRHIX - Managers

Daniel Workman

Manager

Start Date

Nov 25, 2009

Tenure

7.02

Tenure Rank

8.9%

Mr. Workman has been an analyst or portfolio manager of the High Yield Fund since 2009. He joined Franklin Templeton Investments in 2003.


John Wiley

Manager

Start Date

Dec 31, 1991

Tenure

24.93

Tenure Rank

0.5%

Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.


Francisco Rivera

Manager

Start Date

Dec 31, 2004

Tenure

11.92

Tenure Rank

3.7%

Mr. Rivera is a portfolio manager with Franklin Advisers and joined Franklin Templeton Investments in 1994.


Tenure Analysis

Category Low

0.0

Category High

56.5

Category Average

6.46

Category Mode

1.9