4 Strong Buy Franklin Templeton Mutual Funds

FREEX has an expense ratio of 1.00% compared with the category average of 1.28%.

Franklin High Yield Tax-Free Income A (FRHIX - Free Report) invests the major portion of its assets in securities that are expected to provide yield exempted from federal income taxes, including the federal alternative minimum tax. FRHIX seeks high level of tax-free income. FRHIX primarily invests in municipal securities, which may also include defaulted securities. Franklin High Yield Tax-Free Income A has returned 1.2% over the past one year.

As of September 2016, FRHIX held 765 issues, with 1.52% of its assets invested in Public Auth 6.5%.

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