Franklin CA Tax Free Income Adv (FCAVX)

Fund Assets	11.97B
Expense Ratio	0.517%
Min. Investment	$1,000
Turnover	11.93%
Dividend (ttm)	0.26
Dividend Yield	4.18%
Dividend Growth	2.84%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	6.33
YTD Return	-3.42%
1-Year Return	-2.31%
5-Year Return	0.48%
52-Week Low	6.25
52-Week High	6.86
Beta (5Y)	0.07
Holdings	1132
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.

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

Performance

FCAVX had a total return of -2.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.70%.

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%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
FKTQX	- Class R6	0.48%
FKTFX	- Class A1	0.61%
FTFQX	- Class A	0.77%
FRCTX	- Class C	1.17%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02197	Sep 30, 2026
Aug 31, 2026	$0.02111	Aug 31, 2026
Jul 31, 2026	$0.02411	Jul 31, 2026
Jun 30, 2026	$0.02175	Jun 30, 2026
May 29, 2026	$0.02257	May 29, 2026
Apr 30, 2026	$0.0219	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 15, 2026

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