Franklin High Yield Tax Free Income Fund (FRHIX)
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.
Fund Info
| ISIN | US3547237020 |
|---|---|
| CUSIP | 354723702 |
| Issuer | Franklin Templeton |
| Inception Date | Mar 17, 1986 |
| Category | High Yield Muni |
| Min. Investment | $1,000 |
| Asset Class | Bond |
Expense Ratio
The Franklin High Yield Tax Free Income Fund has a high expense ratio of 0.65%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin High Yield Tax Free Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Franklin High Yield Tax Free Income Fund had a return of 0.08% year-to-date (YTD) and 4.33% in the last 12 months. Over the past 10 years, Franklin High Yield Tax Free Income Fund had an annualized return of 2.63%, while the S&P 500 had an annualized return of 10.52%, indicating that Franklin High Yield Tax Free Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.08% | 6.92% |
| 1 month | -1.92% | -2.83% |
| 6 months | 10.77% | 23.86% |
| 1 year | 4.33% | 23.33% |
| 5 years (annualized) | 1.22% | 11.66% |
| 10 years (annualized) | 2.63% | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.72% | 0.57% | 0.73% | |||||||||
| 2023 | -3.45% | -2.26% | 6.91% | 3.35% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Franklin High Yield Tax Free Income Fund(FRHIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin High Yield Tax Free Income Fund (FRHIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin High Yield Tax Free Income Fund granted a 4.64% dividend yield in the last twelve months. The annual payout for that period amounted to $0.40 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.37 | $0.38 | $0.40 | $0.44 | $0.44 | $0.45 | $0.45 | $0.45 | $0.47 | $0.45 |
Dividend yield | 4.64% | 4.54% | 4.27% | 3.60% | 3.83% | 4.36% | 4.46% | 4.45% | 4.42% | 4.23% | 4.45% | 4.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin High Yield Tax Free Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | |||||||||
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2021 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2020 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.07 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2014 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin High Yield Tax Free Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin High Yield Tax Free Income Fund was 21.18%, occurring on Dec 15, 2008. Recovery took 188 trading sessions.
The current Franklin High Yield Tax Free Income Fund drawdown is 8.42%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.18% | Jan 24, 2008 | 227 | Dec 15, 2008 | 188 | Sep 15, 2009 | 415 |
| -19.01% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -12.34% | Mar 2, 2020 | 15 | Mar 20, 2020 | 170 | Nov 19, 2020 | 185 |
| -11.36% | May 3, 2013 | 87 | Sep 9, 2013 | 181 | May 30, 2014 | 268 |
| -9.23% | Oct 12, 2010 | 67 | Jan 14, 2011 | 135 | Jul 29, 2011 | 202 |
Volatility
Volatility Chart
The current Franklin High Yield Tax Free Income Fund volatility is 1.02%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.