10.50 Up unch unch
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 10.50
Category High Yield Muni
Net Assets 5.11 Bil
Yield 4.60%
Morningstar Risk Average
Morningstar Return Average
  • Last NAV update 9/15/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks to provide investors with a high current yield exempt from federal income taxes; its secondary goal is capital appreciation to the extent possible and consistent with the fund's principal investment goal. 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.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 2.81% 12.37% 11.08% -6.73% 11.08%
Value ($) 10,281.17 11,552.68 12,832.96 11,969.37 13,294.98
  • Year to date performance as of 9/12/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Franklin Templeton Investments
Fund Manager John Wiley
Tenure (Years) 23
Fund Status Open
Minimum Initial Purchase 1,000.00
Minimum IRA Investment NA
Front Load 4.25
Expense Ratio 0.63%
PERFORMANCE
Symbol Value ($)
1 Month 1.33%
3 Months 1.89%
1 Year 13.63%
3 Years* 5.84%
5 Years* 6.58%
  • * Annualized returns
  • Performance as of 9/12/2014 12:00 AM ET
PEER COMPARISON
  FRHIX High Yield Muni
5-Yr Return 6.58% 7.16%
Sharpe Ratio 1.07 3.47
Net Assets 5.11 Bil 376.41 Mil
Avg Market Cap NA 28.00 Bil
Avg P/E NA NA
Portfolio Turnover 17 34
HOLDINGS
Symbol Value ($)
Stocks 0.00%
Cash 3.75%
Fixed Income 96.25%
Other 0.00%
TOP 10 HOLDINGS
NAME % NET ASSETS
Public Auth 6.5% 1.45%
San Joaquin Hills Calif Transn Jr Lien T 1.19%
San Joaquin Hills Calif Transn Jr Lien T 1.19%
California St Various P 5.25% 0.99%
Liberty N Y Dev Corp Rev Rev Bds 5.25% 0.92%
California St Various P 5.5% 0.84%
Metropolitan Wash D C Arpts Au Rev Bds 0.81%
Farmington N Mex Pollutn Ctl R Poll 5.9% 0.78%
Farmington N Mex Pollutn Ctl R Poll 5.9% 0.72%
St John Baptist Parish La Rev Rev 5.125% 0.72%
DATA PROVIDERS

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