Franklin California High Yield Municipal Fund (FCAQX)
| Fund Assets | 3.34B |
| Expense Ratio | 0.51% |
| Min. Investment | $1,000,000 |
| Turnover | 13.89% |
| Dividend (ttm) | 0.44 |
| Dividend Yield | 4.44% |
| Dividend Growth | 3.27% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 9.83 |
| YTD Return | 3.07% |
| 1-Year Return | 8.11% |
| 5-Year Return | 4.99% |
| 52-Week Low | 9.32 |
| 52-Week High | 9.87 |
| Beta (5Y) | 0.31 |
| Holdings | 803 |
| 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 8.11% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.10%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.03662 | Jun 30, 2026 |
| May 29, 2026 | $0.03853 | May 29, 2026 |
| Apr 30, 2026 | $0.03486 | Apr 30, 2026 |
| Mar 31, 2026 | $0.03545 | Mar 31, 2026 |
| Feb 27, 2026 | $0.03324 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0368 | Jan 30, 2026 |