Franklin CA High Yield Municipal R6 (FCAQX)

Fund Assets	3.06B
Expense Ratio	0.52%
Min. Investment	$1,000,000
Turnover	13.89%
Dividend (ttm)	0.44
Dividend Yield	4.79%
Dividend Growth	1.99%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.11
YTD Return	-3.27%
1-Year Return	-1.96%
5-Year Return	-0.25%
52-Week Low	9.00
52-Week High	9.87
Beta (5Y)	0.32
Holdings	832
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.

• Fund Family: Franklin Templeton, Inc
• Category: Muni California Long
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FCAQX
• Share Class: Class R6
• Index: Bloomberg California TaxExempt Muni Bd TR

Performance

FCAQX had a total return of -1.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.16%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FVCAX	Advisor Class	0.56%
FCAMX	Class A1	0.66%
FCQAX	Class A	0.81%
FCAHX	Class C	1.20%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03598	Sep 30, 2026
Aug 31, 2026	$0.03428	Aug 31, 2026
Jul 31, 2026	$0.0393	Jul 31, 2026
Jun 30, 2026	$0.03662	Jun 30, 2026
May 29, 2026	$0.03853	May 29, 2026
Apr 30, 2026	$0.03486	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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