Franklin California High Yield Municipal Fund Class A1 (FCAMX)

Fund Assets	3.30B
Expense Ratio	0.66%
Min. Investment	$1,000
Turnover	13.89%
Dividend (ttm)	0.42
Dividend Yield	4.44%
Dividend Growth	3.66%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.57
YTD Return	0.98%
1-Year Return	6.47%
5-Year Return	2.75%
52-Week Low	9.37
52-Week High	9.84
Beta (5Y)	0.10
Holdings	825
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.

• Fund Family: Franklin Templeton Investments
• Category: Muni California Long
• Performance Rating: High
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FCAMX
• Share Class: Class A1
• Index: Bloomberg California TaxExempt Muni Bd TR

Performance

FCAMX had a total return of 6.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.71%.

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%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FCAQX	Class R6	0.51%
FVCAX	Advisor Class	0.56%
FCQAX	Class A	0.81%
FCAHX	Class C	1.20%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03784	Jul 31, 2026
Jun 30, 2026	$0.03529	Jun 30, 2026
May 29, 2026	$0.03734	May 29, 2026
Apr 30, 2026	$0.0337	Apr 30, 2026
Mar 31, 2026	$0.03429	Mar 31, 2026
Feb 27, 2026	$0.03217	Feb 27, 2026

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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