Franklin California Tax Free Income Fund Advisor Class (FCAVX)
| Fund Assets | 12.55B |
| Expense Ratio | 0.52% |
| Min. Investment | $1,000 |
| Turnover | 7.96% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 3.93% |
| Dividend Growth | 1.15% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 6.51 |
| YTD Return | -2.93% |
| 1-Year Return | -1.83% |
| 5-Year Return | -1.23% |
| 52-Week Low | 6.42 |
| 52-Week High | 6.99 |
| Beta (5Y) | n/a |
| Holdings | 1139 |
| Inception Date | Oct 1, 2001 |
About FCAVX
Franklin California Tax-Free Income Fund Advisor Class is a municipal bond mutual fund focused on providing investors with a high level of income exempt from both regular federal income taxes and California state personal income taxes. The fund primarily invests at least 80% of its assets in investment-grade municipal securities issued within California, making it especially relevant for California residents seeking tax-efficient income. Its portfolio is diversified across a broad range of municipal sectors, such as healthcare, transportation, and public infrastructure, reflecting important facets of the state’s economy. The fund pays out income on a monthly basis and typically maintains an average effective duration reflective of long-term municipal strategies. With significant assets under management, Franklin California Tax-Free Income Fund Advisor Class holds a notable position in the municipal bond market, serving both individual and institutional investors seeking stability and tax-advantaged cash flows from California-based projects and government initiatives. Its cost structure is competitive within its peer group, contributing to its appeal for income-oriented investors prioritizing tax efficiency.
Performance
FCAVX had a total return of -1.83% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.73%.
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% |
Top 10 Holdings
14.60% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA HEALTH FACS FING AUTH REV 4% | CA.CASMED 4 11.01.2044 | 2.97% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | CA.SJHTRN 6 01.15.2043 | 1.58% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | CA.SJHTRN 6 01.15.2046 | 1.42% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | CA.SJHTRN 6 01.15.2045 | 1.41% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5.95% | CA.SJHTRN 5.95 01.15.2040 | 1.40% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.40% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 4% | CA.SJHTRN 4 01.15.2050 | 1.37% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5.9% | CA.SJHTRN 5.9 01.15.2038 | 1.05% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 1.03% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 4% | CA.SJHTRN 4 01.15.2044 | 0.97% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.02062 | Jun 30, 2025 |
| May 30, 2025 | $0.02285 | May 30, 2025 |
| Apr 30, 2025 | $0.02145 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02061 | Mar 31, 2025 |
| Feb 28, 2025 | $0.01969 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02245 | Jan 31, 2025 |