Franklin High Yield Tax-Free Income Fund Class R6 (FHYRX)

The Franklin High Yield Tax-Free Income Fund Class R6 (FHYRX) is a mutual fund that focuses on providing investors with high-yield, tax-free income. This fund primarily invests in municipal bonds, which are issued by state and local governments and are exempt from federal income tax. The Class R6 shares are designed for institutional investors and have a lower expense ratio compared to other share classes. This fund may be a suitable option for investors seeking tax-free income and a moderate level of risk.