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FRHIX Franklin High Yield Tax Free Inc A1

  • Fund
  • FRHIX
  • Price as of: May 20, 2019
  • $10.14 + $0.01 + 0.10%
  • Category
  • High Yield Bonds

FRHIX - Profile

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return -1.7%
  • 5 Yr Annualized Return -0.6%
  • Net Assets $6.28 B
  • Holdings in Top 10 13.4%

52 WEEK LOW AND HIGH

$10.14
$9.77
$10.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.66%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 6.16%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Sep 07, 2018

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 2.7%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return -0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.38%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 416728201
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager John Wiley

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 (%)
YTD 2.7% -6.3% 15.9% 94.39%
1 Yr 2.3% -13.4% 4.0% 3.44%
3 Yr -1.7%* -6.9% 7.1% 99.37%
5 Yr -0.6%* -8.1% 1.6% 10.21%
10 Yr 0.9%* -13.4% 5.2% 72.92%

* Annualized


Return Ranking - Calendar

Period FRHIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.5% -23.1% -0.4% 3.85%
2017 -0.7% -9.5% 28.5% 95.45%
2016 -3.0% -14.4% 28.6% 98.54%
2015 -1.1% -34.3% 1.0% 4.38%
2014 8.8% -23.1% 27.7% 1.32%

Total Return Ranking - Trailing

Period FRHIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -6.3% 15.9% 95.19%
1 Yr 2.3% -13.4% 5.9% 18.42%
3 Yr -1.7%* -6.9% 10.5% 99.37%
5 Yr -0.6%* -7.5% 5.7% 31.28%
10 Yr 0.9%* -13.4% 9.2% 89.53%

* Annualized


Total Return Ranking - Calendar

Period FRHIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.5% -23.1% 1.3% 10.14%
2017 -0.7% -4.9% 36.8% 96.69%
2016 -3.0% -14.4% 39.0% 99.16%
2015 -1.1% -28.3% 4.3% 9.19%
2014 8.8% -21.8% 27.7% 1.32%

NAV & Total Return History

FRHIX - Holdings

Concentration Analysis

FRHIX Category Low Category High FRHIX % Rank
Net Assets 6.28 B 673 K 24.4 B 10.82%
Number of Holdings 656 6 1644 10.22%
Net Assets in Top 10 836 M -36.7 K 3.73 B 6.61%
Weighting of Top 10 13.39% 5.4% 100.1% 32.26%

Top 10 Holdings

  1. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 1.93%

  2. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 1.88%

  3. PUBLIC AUTH FOR COLO ENERGY NAT GAS PUR REV 6.5% 1.87%

  4. LIBERTY N Y DEV CORP REV 5.25% 1.34%

  5. METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 6.5% 1.22%

  6. CALIFORNIA ST 5.25% 1.16%

  7. JEFFERSON CNTY ALA SWR REV 0% 1.11%

  8. CALIFORNIA ST 5.5% 0.99%

  9. FARMINGTON N MEX POLLUTN CTL REV 5.9% 0.97%

  10. SOUTH CAROLINA ST PUB SVCS AUTH REV 5.12% 0.92%


Asset Allocation

Weighting Return Low Return High FRHIX % Rank
Bonds
99.04% -14.92% 103.60% 5.21%
Cash
0.96% -4.10% 114.92% 85.97%
Stocks
0.00% -0.44% 99.99% 71.74%
Preferred Stocks
0.00% 0.00% 11.13% 55.51%
Other
0.00% -5.62% 22.60% 61.92%
Convertible Bonds
0.00% 0.00% 17.73% 71.54%

Bond Sector Breakdown

Weighting Return Low Return High FRHIX % Rank
Municipal
99.00% 0.00% 99.98% 2.40%
Cash & Equivalents
1.00% -1.83% 114.92% 83.37%
Derivative
0.00% -14.92% 10.55% 29.86%
Securitized
0.00% 0.00% 61.18% 48.90%
Corporate
0.00% 0.00% 105.22% 97.19%
Government
0.00% -5.69% 66.73% 39.28%

Bond Geographic Breakdown

Weighting Return Low Return High FRHIX % Rank
US
94.78% -14.92% 99.77% 2.81%
Non US
4.26% 0.00% 58.16% 93.99%

FRHIX - Expenses

Operational Fees

FRHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.66% 0.00% 6.42% 88.98%
Management Fee 0.45% 0.00% 1.00% 13.83%
12b-1 Fee 0.10% 0.00% 1.00% 16.67%
Administrative Fee 0.15% 0.01% 0.45% 67.14%

Sales Fees

FRHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 5.75% 65.69%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FRHIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 6.16% 5.00% 1334.00% 0.40%

FRHIX - Distributions

Dividend Yield Analysis

FRHIX Category Low Category High FRHIX % Rank
Dividend Yield 0.04% 0.00% 1.62% 69.34%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FRHIX Category Low Category High FRHIX % Rank
Net Income Ratio 4.38% -1.92% 7.02% 74.35%

Capital Gain Distribution Analysis

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

FRHIX - Managers

John Wiley

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1991

27.35

27.4%

John Wiley, Senior Vice President, has been a lead portfolio manager since 1993. 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

Tenure

Tenure Rank

Dec 31, 2004

14.34

14.3%

Mr. Rivera,Vice President, has been a lead portfolio manager since 1996. He has primary responsibility for the investments. He has final authority over all aspects of the Fund's investment portfolio, including but not limited to, purchases and sales of individual securities, portfolio risk assessment, and the management of daily cash balances in accordance with anticipated investment management requirements. The degree to which he may perform these functions, and the nature of these functions, may change from time to time. He joined Franklin Templeton Investments in 1994.


Daniel Workman

Manager

Start Date

Tenure

Tenure Rank

Nov 25, 2009

9.43

9.4%

Mr. Workman, CFA, has been an analyst or portfolio manager since 2009,providing research and advice on the purchases and sales of individual securities, and portfolio risk assessment. He joined Franklin Templeton Investments in 2003.


Tenure Analysis

Category Low

0.0

Category High

34.71

Category Average

6.92

Category Mode

0.33