Franklin High Yield Tax-Free Income Fund Class A1 (FRHIX)

The Franklin High Yield Tax-Free Income Fund Class A1 (FRHIX) 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 classified as a Class A1 fund, which typically has a lower expense ratio and may require a minimum initial investment. Overall, FRHIX offers a tax-efficient way for investors to generate income while also diversifying their portfolio.