Franklin California High Yield Municipal Fund Class A1 (FCAMX)
| Fund Assets | 3.19B |
| Expense Ratio | 0.69% |
| Min. Investment | $1,000 |
| Turnover | 10.33% |
| Dividend (ttm) | 0.42 |
| Dividend Yield | 4.11% |
| Dividend Growth | 3.11% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.77 |
| YTD Return | 1.05% |
| 1-Year Return | 4.39% |
| 5-Year Return | 2.00% |
| 52-Week Low | 9.28 |
| 52-Week High | 10.16 |
| Beta (5Y) | n/a |
| Holdings | 735 |
| Inception Date | May 3, 1993 |
About FCAMX
Franklin California High Yield Municipal Fund Class A1 is a municipal bond mutual fund designed to provide investors with federally and California state tax-exempt income. The fund primarily invests at least 80% of its assets in municipal securities issued by the state of California and its municipalities, focusing on bonds that are exempt from regular federal income taxes and California personal income taxes. It may also allocate up to 35% of its assets to municipal securities from U.S. territories and can hold securities subject to the federal alternative minimum tax. This fund targets the higher-yield segment of the municipal bond market, often selecting bonds with lower credit ratings in exchange for enhanced income potential. As a result, it typically serves investors seeking a stream of tax-advantaged income and willing to accept higher risk associated with high-yield municipal issues. The portfolio is widely diversified across various California municipal issuers, including general obligation and revenue bonds supporting infrastructure, education, community development, and other sector projects. The fund is notable for its regular monthly income distributions and has a long history, dating back to its inception in 1993. Because of these features, Franklin California High Yield Municipal Fund Class A1 plays an important role for California residents or those seeking regional municipal bond exposure while pursuing income that is largely exempt from both federal and state taxes.
Performance
FCAMX had a total return of 4.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.58%.
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 Investor Shares | 0.14% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.03555 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03741 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03226 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03802 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03339 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03688 | Aug 29, 2025 |