Franklin California High Yield Municipal Fund Class R6 (FCAQX)
| Fund Assets | 3.19B |
| Expense Ratio | 0.55% |
| Min. Investment | $1,000,000 |
| Turnover | 10.33% |
| Dividend (ttm) | 0.43 |
| Dividend Yield | 4.40% |
| Dividend Growth | 3.21% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 9.81 |
| YTD Return | 1.10% |
| 1-Year Return | 4.71% |
| 5-Year Return | 3.37% |
| 52-Week Low | 8.95 |
| 52-Week High | 9.81 |
| Beta (5Y) | 0.33 |
| Holdings | 735 |
| Inception Date | Aug 1, 2017 |
About FCAQX
Franklin California High Yield Municipal Fund Class R6 is a mutual fund specializing in high-yield municipal debt securities, with a particular focus on bonds issued within California. Its primary objective is to deliver a substantial level of income that is exempt from both federal and California state personal income taxes, making it especially attractive to residents of California seeking tax-advantaged income solutions. The fund typically allocates at least 80% of its assets to municipal securities of this nature. Notably, this fund carries a higher yield than average peers, reflecting its investments in lower-rated, higher-risk municipal bonds, and holds a diversified portfolio of over 600 securities to manage risk. It features a strong performance rating, but comes with an above-average risk profile due to its emphasis on high-yield, sometimes non-investment grade, municipal issues. Regular monthly distributions and a relatively competitive expense ratio are core features, while its high minimum investment threshold positions it for institutional or high-net-worth investors. Since inception, the fund has played a role in connecting investors with California’s municipal development efforts while offering the benefits of tax-exempt income and diversification.
Performance
FCAQX had a total return of 4.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.54%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0368 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0387 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03338 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03933 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03454 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0381 | Aug 29, 2025 |