Franklin California Tax Free Income Fund (FCAVX)
| Fund Assets | 13.26B |
| Expense Ratio | 0.52% |
| Min. Investment | $1,000 |
| Turnover | 11.93% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 3.86% |
| Dividend Growth | 3.21% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 6.81 |
| YTD Return | 2.70% |
| 1-Year Return | 7.63% |
| 5-Year Return | 5.49% |
| 52-Week Low | 6.46 |
| 52-Week High | 6.86 |
| Beta (5Y) | 0.07 |
| Holdings | 1130 |
| 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 7.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.00%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.02175 | Jun 30, 2026 |
| May 29, 2026 | $0.02257 | May 29, 2026 |
| Apr 30, 2026 | $0.0219 | Apr 30, 2026 |
| Mar 31, 2026 | $0.02191 | Mar 31, 2026 |
| Feb 27, 2026 | $0.0201 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02231 | Jan 30, 2026 |