FHYIX Performance — Franklin High Yield Tax-Free Income Fund, Class C
Data updated: 2026-07-27
FHYIX returned +2.29% year to date and +7.87% over one year to May 2026. Annualised returns are +5.08% over 3 years and +0.50% over 5 years. The fund beat its Long-Term Corporate Bond category average: $100 invested three years ago grew to $116, against $116 for the category, and to $108 over one year, against $108. Volatility over the past three years was 6.53% a year. In the 12 months to May 2026 the fund lost a net $77.2M, and assets reached $4.73B.
FHYIX Growth of $100
What $100 invested in Franklin High Yield Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Corporate Bond category average over the same months.
| Period | FHYIX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $108 |
| 3 years (Jun 2023 – May 2026) | $116 | $116 |
| 5 years (Jun 2021 – May 2026) | $103 | $99 |
| Since data start (Sep 2019 – May 2026) | $110 | $106 |
FHYIX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.29% |
| 1 year | +7.87% |
| 3 years (annualised) | +5.08% |
| 5 years (annualised) | +0.50% |
FHYIX Annual Returns
Calendar-year total returns of Franklin High Yield Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +2.29% |
| 2025 | +3.46% |
| 2024 | +5.69% |
| 2023 | +5.72% |
| 2022 | −14.46% |
| 2021 | +4.20% |
| 2020 | +5.19% |
| 2019 (Sep–Dec) | −0.43% |
FHYIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.7% | +1.7% | −2.3% | +1.4% | +0.8% | — | — | — | — | — | — | — |
| 2025 | +0.6% | +1.4% | −2.1% | −1.6% | −0.2% | +0.8% | −1.0% | +0.7% | +3.2% | +1.3% | +0.3% | +0.1% |
| 2024 | +0.7% | +0.5% | +0.7% | −1.4% | +0.6% | +2.7% | +0.9% | +0.8% | +1.5% | −1.2% | +1.7% | −1.7% |
| 2023 | +3.7% | −2.8% | +1.3% | +0.3% | −0.4% | +0.7% | +0.2% | −1.2% | −3.4% | −2.3% | +6.7% | +3.3% |
| 2022 | −2.8% | −0.9% | −3.7% | −4.0% | +1.4% | −3.7% | +3.9% | −2.4% | −6.0% | −1.8% | +5.2% | −0.1% |
| 2021 | +1.4% | −1.5% | +0.7% | +1.4% | +0.9% | +0.9% | +0.9% | −0.4% | −1.1% | −0.3% | +1.1% | +0.3% |
| 2020 | +1.8% | +1.4% | −6.3% | −1.9% | +2.8% | +2.1% | +2.1% | −0.2% | +0.2% | −0.1% | +2.1% | +1.5% |
| 2019 | — | — | — | — | — | — | — | — | −0.6% | −0.2% | +0.2% | +0.2% |
FHYIX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.53%
- 3-year Sharpe ratio: 0.09 (vs 4.5% risk-free rate)
- Best month: +6.72% (Nov 2023)
- Worst month: −3.43% (Sep 2023)
FHYIX Fund Flows
Monthly money in and out of Franklin High Yield Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$77.2M
- 12-month gross sales (incl. reinvestments): $973.5M
- Sales ÷ redemptions: 0.93×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $70.8M | $71.0M | −$237K |
| Apr 2026 | $70.4M | $82.8M | −$12.4M |
| Mar 2026 | $87.6M | $96.5M | −$8.9M |
| Feb 2026 | $78.6M | $70.2M | $8.5M |
| Jan 2026 | $106.3M | $69.1M | $37.3M |
| Dec 2025 | $108.4M | $140.3M | −$31.9M |
| Nov 2025 | $77.5M | $88.9M | −$11.4M |
| Oct 2025 | $66.8M | $81.5M | −$14.7M |
| Sep 2025 | $85.8M | $89.3M | −$3.5M |
| Aug 2025 | $91.8M | $98.4M | −$6.6M |
| Jul 2025 | $64.6M | $82.6M | −$18.0M |
| Jun 2025 | $64.9M | $80.2M | −$15.3M |
FHYIX Assets Under Management
Net assets of Franklin High Yield Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $4.73B |
| 2026-02-28 | $4.80B |
| 2025-11-30 | $4.71B |
| 2025-08-31 | $4.57B |
| 2025-05-31 | $4.64B |
| 2025-02-28 | $4.93B |
| 2024-11-30 | $5.00B |
| 2024-08-31 | $4.94B |
| 2024-05-31 | $4.79B |
| 2024-02-29 | $4.89B |
| 2023-11-30 | $4.80B |
| 2023-08-31 | $5.00B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.