|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
High Yield Muni Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
|
|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
--- |
|
|
|
Avg Credit Quality |
|
|
BBB |
|
| As of
2009-09-30 |
|
|
| Day Change |
| $ 0.01 |
|
|
| NAV (2009-11-20) |
| $ 9.92 |
|
|
| YTD Return % (2009-11-20) |
| 25.45% |
|
|
| Total Assets ($ mil) |
| 6,712 |
|
| Growth of $10,000 |
 |
Fund: |
Franklin High Yield Tax-Free Inc C |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
High Yield Muni |
|
 |
Index: |
BarCap Municipal TR USD |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1995-05-01 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
25.45 |
18.73 |
1.03 |
3.07 |
4.25 |
4.67 |
| +/- Category |
-4.03 |
2.47 |
3.06 |
1.48 |
0.67 |
--- |
| +/- BarCap Municipal TR USD |
13.31 |
7.06 |
-3.22 |
-1.29 |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
27.58 |
13.39 |
2.31 |
3.85 |
4.27 |
4.85 |
| Month-End (as of 2009-10-31) |
24.98 |
18.73 |
1.34 |
3.23 |
4.25 |
4.67 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
18.76 |
1.34 |
3.23 |
4.25 |
--- |
| On Distribution & Sale of Shares |
--- |
14.28 |
1.82 |
3.44 |
4.35 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
|
 |
--- |
|
| # of compared funds covered (3 yrs : out of 129 funds), (5 yrs : out of 107 funds), (10 yrs : out of 85 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
none,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
2.00%.
|
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
|
|
|
|
| Sector Breakdown % |
|
| General Obligations |
4.34 |
| Advance Refunded |
5.48 |
| State Appropriated Tobacco |
0.96 |
| Non-state Appropriated Tobacco |
1.62 |
| Education |
3.00 |
| Health |
17.65 |
| Housing |
2.56 |
| Industrial |
16.23 |
| Transportation |
9.34 |
| Utilities |
3.48 |
| Water/Sewer |
2.43 |
| Misc. Revenue |
32.88 |
|
| Bond Quality |
% of Bonds |
| AAA |
16.9 |
| AA |
7.6 |
| A |
20.3 |
| BBB |
26.6 |
| BB |
7.2 |
| B |
7.8 |
| Below B |
1.3 |
| Not Rated |
12.5 |
|
|
|
|
|
| |
|
|
| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
1.8 |
 |
Stocks |
0.0 |
|
Bonds |
98.2 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-09-30 |
Data through 2009-09-30 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
19 |
| Total Number of Bond Holdings |
741 |
|
30 Day SEC Yield % |
4.26 |
| % of Assets in Top 10 Holdings |
10.34 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
Public Auth 6.5% |
2038-11-15 |
90,100 |
100,692 |
1.46 |
|
St John Baptist Parish La Rev Rev 5.125% |
2037-06-01 |
80,500 |
77,334 |
1.12 |
|
New Jersey Econ Dev Auth 6.4% |
2023-09-15 |
79,890 |
75,121 |
1.09 |
|
San Joaquin Hills Calif Transn Jr Lien T |
2026-01-01 |
131,900 |
69,552 |
1.01 |
|
San Joaquin Hills Calif Transn Jr Lien T |
2027-01-01 |
139,100 |
69,333 |
1.01 |
|
 |
|
Pennsylvania Econ Dev Fin Rev Bds 6.75% |
2036-12-01 |
65,000 |
67,670 |
0.98 |
|
Farmington N Mex Pollutn Ctl R Re 6.375% |
2022-04-01 |
66,125 |
66,343 |
0.96 |
|
Pennsylvania Econ Dev Fin Rev Bds 7% |
2039-07-15 |
60,000 |
64,936 |
0.94 |
|
New Jersey St Transn Tr Fd Aut Trans 6% |
2038-12-15 |
55,000 |
63,527 |
0.92 |
|
Burke Cnty Ga Dev Auth 5.7% |
2043-01-01 |
55,000 |
58,370 |
0.85 |
|
|
 |
Data through 2009-09-30 |
|
|
| Fund Inception: 1995-05-01 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
John Wiley (1991-12-31) |
|
|
|
Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989.
He holds the Chartered Financial Analyst designation. |
|
|
|
|
|
John Hopp (1993-01-01) |
|
|
|
Hopp is vice president and portfolio manager with Franklin Advisers, his employer since 1991. |
|
|
|
|
|
Francisco Rivera (2004-12-31) |
|
|
|
Rivera is a portfolio manager with Franklin Advisers, he joined Franklin Templeton Investments in 1994. |
|
|
|
|
Sales Charge %
(taken from prospectus dated 2009-08-31) |
| Front: |
None |
| Deferred: |
None |
|
| Expense Ratio % |
1.18 |
based on net assets
(taken from annual report dated 2009-02-28)
|
|
| Correspondence Information |
One Franklin Parkway
San Mateo,
CA
94403-1906
United States |
|
|
|
| Telephone: |
| 800-632-2301 |
| 650-312-2000 |
|
|
