Performance
Trailing returns
| 1 day |
| -0.06% | |||
| 1 week |
| -0.02% | |||
| 4 week | +0.32% |
| |||
| 3 month | +0.88% |
| |||
| YTD | +1.55% |
| |||
| 1 year | +6.04% |
| |||
| 3 years* | +7.66% |
| |||
| 5 years* | +6.60% |
| |||
| *annualized | |||||
| Best 3 month return | +12.11% | |
| Worst 3 month return | -14.16% |
Morningstar statistics
Morningstar category: High Yield Muni
| Return | Risk | Rating | |
| 3 years | Average | Above Average |
 
|
| 5 years | Above Average | Below Average |
|
| 10 years | High | Average |
|
| Overall | Above Average | Average |
|
Key statistics
| Total assets | 10.17B | |
| Front load | - | |
| Deferred load | - | |
| Expense ratio | 0.54% | |
| Management fee | - | |
| Fund family | Franklin Templeton Investment Funds |
Asset allocation
| Cash | 0.22% | |
| Stocks | 0.00% | |
| Bonds | 99.78% | |
| Other | 0.00% |
Purchase information
| Initial | US$50,000 | |
| AIP Initial | US$50 | |
| AIP Additional | US$50 |
10.94-0.02(-0.18%)
May 23, 4:00PM EDT
Overall Morningstar RatingTM
Description
The investment seeks to provide investors with a high current yield exempt from federal income taxes; its secondary goal is capital appreciation to the extent possible and consistent with the fund's principal investment goal. The fund invests at least 80% of its net assets in securities whose interest is free from federal income taxes, including the federal alternative minimum tax. It may invest in municipal securities rated in any rating category, including defaulted securities. The fund does not necessarily focus its investments in a particular state and will not invest more than 25% of its assets in municipal securities of any one state or territory.
Fund filings (PDF) »
Fund filings (PDF) »
Asset managers:
Daniel Workman (Started: Nov 25, 2009)
John Wiley (Started: Dec 31, 1991)
Francisco Rivera (Started: Dec 31, 2004)
Daniel Workman (Started: Nov 25, 2009)
John Wiley (Started: Dec 31, 1991)
Francisco Rivera (Started: Dec 31, 2004)
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | 0.43 | 0.09 | -1.37 | 0.54 | |
| Beta* | 1.34 | 1.27 | 1.41 | 1.15 | |
| Mean annual return | 0.60 | 0.65 | 0.59 | 0.51 | |
| R-squared* | 97.35 | 93.13 | 72.49 | 71.15 | |
| Standard deviation | 3.86 | 4.96 | 7.84 | 6.18 | |
| Sharpe ratio | 1.85 | 1.55 | 0.86 | 0.70 | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| Public Auth 6.5% | 1.22% | |
| San Joaquin Hills Calif Transn Jr Lien T | 0.94% | |
| San Joaquin Hills Calif Transn Jr Lien T | 0.93% | |
| St John Baptist Parish La Rev Rev 5.125% | 0.84% | |
| California St Various P 5.25% | 0.80% | |
| Puerto Rico Pub Fin Corp Appropria 5.5% | 0.77% | |
| Liberty N Y Dev Corp Rev Rev Bds 5.25% | 0.76% | |
| Pennsylvania Econ Dev Fin Rev Bds 7% | 0.71% | |
| California St Various P 5.5% | 0.70% | |
| Farmington N Mex Pollutn Ctl R Poll 5.9% | 0.64% |