The Franklin High Yield Tax-Free Income Fund Cl A (FHYQX) is a mutual fund that primarily invests in high-yield municipal bonds that are exempt from federal income tax. This fund aims to provide investors with a steady stream of tax-free income while also seeking to preserve capital. It is managed by Franklin Templeton Investments and has a focus on high-quality, investment-grade bonds. FHYQX may be a suitable option for investors looking for tax-efficient income and a moderate level of risk.