FRXHJX

About FRXHJX

Franklin High Yield Tax‑Free Income Fund Class A1 is a municipal bond mutual fund focused on delivering a high level of current income that is exempt from regular federal income taxes, with a secondary objective of capital appreciation. The strategy primarily invests in below‑investment‑grade and unrated municipal securities, seeking enhanced yield within the high yield muni segment while maintaining tax‑exempt income as a defining feature. The portfolio typically commits at least 80% of net assets to securities whose interest is free from federal income taxes, including those exempt from the federal alternative minimum tax, aligning the fund with investors prioritizing tax‑efficient cash flows. Its holdings span revenue bonds across transportation, utilities, education, and special tax districts, reflecting broad exposure to essential‑service and project‑backed credits common to the high yield municipal market. Managed by Franklin Templeton’s municipal team, the fund plays a role as a specialized income vehicle within diversified fixed income allocations, offering access to the structurally diverse and credit‑intensive high yield municipal landscape while emphasizing federally tax‑exempt income as its core purpose.