4 / 5 Stars
4 3 2 5 5
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
U.S. News evaluated 38 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 4.65 percent over the past year, 7.24 percent over the past three years, 6.49 percent over the past five years, and 5.66 percent over the past decade.
|Trailing Returns||Updated 05.31.2013|
|Year to date||0.4%|
|3 Years (Annualized)||7.2%|
|5 Years (Annualized)||6.5%|
|10 Years (Annualized)||5.7%|
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. The fund does not necessarily focus its investments in a particular state and will not invest more than 25% of its assets in municipal securities of any one state or territory.
Fees are High compared to funds in the same category.
Franklin High Yield Tax Free Income Fund has an expense ratio of 0.55 percent.
Risk is Average compared to funds in the same category according to Morningstar.
The fund's Value Line Overall Rank, a measure of risk-adjusted performance and relative growth in fund returns, is 2 on a scale of 1 to 5, with 1 being the best and 5 the worst.Value Line 2013-06-11
The fund's Value Line Growth Persistence rank, which awards funds that consistently outperform their broad universes, is 2 for one year, 1 for five years, and 2 for 10 years. Scores are on a 1 to 5 scale, with 1 being the best and 5 the worst.Value Line 2013-06-11
The fund's Value Line Risk Rank, a measure of volatility, is 4 on a scale of 1 to 5, with 1 being the least volatile and 5 the most.Value Line 2013-06-11