Franklin California High Yield Municipal Fund (FCAHX)
| Fund Assets | 3.05B |
| Expense Ratio | 1.23% |
| Min. Investment | $1,000 |
| Turnover | 10.33% |
| Dividend (ttm) | 0.36 |
| Dividend Yield | 3.69% |
| Dividend Growth | 3.61% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 30, 2025 |
| Previous Close | 9.74 |
| YTD Return | -0.22% |
| 1-Year Return | -0.35% |
| 5-Year Return | 1.17% |
| 52-Week Low | 9.34 |
| 52-Week High | 10.11 |
| Beta (5Y) | 0.31 |
| Holdings | 710 |
| Inception Date | May 1, 1996 |
About FCAHX
Franklin California High Yield Municipal Fund Class C is a municipal bond mutual fund designed to provide a high level of income that is exempt from both federal and California personal income taxes. Managed by Franklin Templeton, the fund primarily invests at least 80% of its net assets in municipal securities, focusing on bonds issued by entities within California. Its portfolio spans key sectors such as special tax districts, housing, education, transportation, health care, utilities, and local government issuers, with additional exposure to municipal debt from other U.S. states and territories like Puerto Rico and Guam. The fund is notable for its inclusion of lower-rated, higher-yielding municipal bonds, resulting in above-average risk relative to its peer group. With a significant portion allocated to non-rated and below-investment-grade bonds, it aims to offer a higher yield, paid monthly, to investors seeking tax-advantaged income. Since its inception in 1996, the fund has played a role in assisting California residents to meet income objectives while potentially supporting local public infrastructure and services through its investment choices.
Performance
FCAHX had a total return of -0.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.96%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VCITX | Vanguard | Vanguard California Long Term Tax Exempt Fund | 0.14% |
Top 10 Holdings
11.86% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25% | CA.CASGEN 5.25 12.01.2056 | 1.43% |
| Grand Canyon University 5.125% | GCUNIV.5.125 10.01.28 | 1.40% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% | CA.SJHTRN 0 01.15.2032 | 1.36% |
| M-S-R ENERGY AUTH CALIF GAS REV 6.5% | CA.MSRPWR 6.5 11.01.2039 | 1.32% |
| FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 0% | CA.FOOTRN 0 01.15.2042 | 1.17% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | CA.SFOAPT 5 05.01.2050 | 1.16% |
| PUERTO RICO ELEC PWR AUTH PWR REV | PR.PRCPWR 7.12 07.01.2059 | 1.13% |
| LOS ANGELES CALIF HSG AUTH MULTIFAMILY HSG REV 6% | CA.LOSMFH 6 12.01.2062 | 1.05% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5.25% | CA.SJHTRN 5.25 01.15.2049 | 0.95% |
| CMFA SPL FIN AGY CALIF ESSENTIAL HSG REV 4.5% | CA.CMFHSG 4.5 08.01.2051 | 0.90% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 30, 2025 | $0.02915 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0323 | Aug 29, 2025 |
| Jul 31, 2025 | $0.03107 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02898 | Jun 30, 2025 |
| May 30, 2025 | $0.03193 | May 30, 2025 |
| Apr 30, 2025 | $0.02987 | Apr 30, 2025 |