diff --git a/framework/CHANGELOG.md b/framework/CHANGELOG.md
index 3b5f15b08a..24af50bd7b 100644
--- a/framework/CHANGELOG.md
+++ b/framework/CHANGELOG.md
@@ -23,6 +23,7 @@ Yii Framework 2 Change Log
 - Bug #12939: Hard coded table names for MSSQL in RBAC migration (arogachev)
 - Bug #12974: Fixed incorrect order of migrations history in case `yii\console\controllers\MigrateController::$migrationNamespaces` is in use (evgen-d, klimov-paul)
 - Bug #13071: Help option for commands was not working in modules (arogachev, haimanman)
+- Bug #7727: Fixed truncateHtml leaving extra tags (developeruz)
 - Enh #6809: Added `\yii\caching\Cache::$defaultDuration` property, allowing to set custom default cache duration (sdkiller)
 - Enh #7333: Improved error message for `yii\di\Instance::ensure()` when a component does not exist (cebe)
 - Enh #7420: Attributes for prompt generated with `renderSelectOptions` of `\yii\helpers\Html` helper (arogachev)
diff --git a/framework/helpers/BaseStringHelper.php b/framework/helpers/BaseStringHelper.php
index 4fd0d2edd5..dc98f4de13 100644
--- a/framework/helpers/BaseStringHelper.php
+++ b/framework/helpers/BaseStringHelper.php
@@ -155,13 +155,15 @@ class BaseStringHelper
         $config->set('Cache.SerializerPath', \Yii::$app->getRuntimePath());
         $lexer = \HTMLPurifier_Lexer::create($config);
         $tokens = $lexer->tokenizeHTML($string, $config, null);
-        $openTokens = 0;
+        $openTokens = [];
         $totalCount = 0;
         $truncated = [];
         foreach ($tokens as $token) {
             if ($token instanceof \HTMLPurifier_Token_Start) { //Tag begins
-                $openTokens++;
-                $truncated[] = $token;
+                if ($totalCount < $count) {
+                    $openTokens[$token->name] = isset($openTokens[$token->name]) ? $openTokens[$token->name] + 1 : 1;
+                    $truncated[] = $token;
+                }
             } elseif ($token instanceof \HTMLPurifier_Token_Text && $totalCount <= $count) { //Text
                 if (false === $encoding) {
                     preg_match('/^(\s*)/um', $token->data, $prefixSpace) ?: $prefixSpace = ['',''];
@@ -174,8 +176,10 @@ class BaseStringHelper
                 $totalCount += $currentCount;
                 $truncated[] = $token;
             } elseif ($token instanceof \HTMLPurifier_Token_End) { //Tag ends
-                $openTokens--;
-                $truncated[] = $token;
+                if (!empty($openTokens[$token->name])) {
+                    $openTokens[$token->name]--;
+                    $truncated[] = $token;
+                }
             } elseif ($token instanceof \HTMLPurifier_Token_Empty) { //Self contained tags, i.e. <img/> etc.
                 $truncated[] = $token;
             }
diff --git a/tests/framework/helpers/StringHelperTest.php b/tests/framework/helpers/StringHelperTest.php
index cb210a538d..12689d51a2 100644
--- a/tests/framework/helpers/StringHelperTest.php
+++ b/tests/framework/helpers/StringHelperTest.php
@@ -115,6 +115,8 @@ class StringHelperTest extends TestCase
         $this->assertEquals('<span><img src="image.png" />This is a test</span>...', StringHelper::truncate('<span><img src="image.png" />This is a test sentance</span>', 14, '...', null, true));
         $this->assertEquals('<span><img src="image.png" />This is a test</span>...', StringHelper::truncate('<span><img src="image.png" />This is a test </span>sentance', 14, '...', null, true));
         $this->assertEquals('<span><img src="image.png" />This is a test </span><strong>for</strong>...', StringHelper::truncate('<span><img src="image.png" />This is a test </span><strong>for a sentance</strong>', 18, '...', null, true));
+
+        $this->assertEquals('<p>This is a test</p><ul><li>bullet1</li><li>b</li></ul>...', StringHelper::truncate('<p>This is a test</p><ul><li>bullet1</li><li>bullet2</li><li>bullet3</li><li>bullet4</li></ul>', 22, '...', null, true));
     }
 
     public function testTruncateWords()