Franklin California High Yield Municipal Fund Class A (FCQAX)
| Fund Assets | 3.13B |
| Expense Ratio | 0.84% |
| Min. Investment | $1,000 |
| Turnover | 10.33% |
| Dividend (ttm) | 0.40 |
| Dividend Yield | 3.97% |
| Dividend Growth | 3.55% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Nov 28, 2025 |
| Previous Close | 9.72 |
| YTD Return | -1.31% |
| 1-Year Return | -0.89% |
| 5-Year Return | -1.88% |
| 52-Week Low | 9.38 |
| 52-Week High | 10.13 |
| Beta (5Y) | n/a |
| Holdings | 711 |
| Inception Date | Sep 10, 2018 |
About FCQAX
Franklin California High Yield Municipal Fund Class A is a mutual fund that primarily invests in municipal bonds issued within California. Its main objective is to provide a high level of income that is exempt from both federal and California state personal income taxes by allocating at least 80% of its net assets to such tax-advantaged securities. The fund has the flexibility to invest in municipal bonds across a broad spectrum of credit qualities, including high-yield, below-investment-grade (or unrated) bonds, and can also allocate up to 35% of its assets to municipal securities from U.S. territories. The fund may hold securities with varying maturity and duration profiles, and has the option to include bonds that carry insurance guaranteeing payment of principal and interest. Franklin California High Yield Municipal Fund Class A plays a significant role for investors seeking tax-exempt income, especially those subject to California income tax, while contributing to financing public works and infrastructure projects across the state and its territories.
Performance
FCQAX had a total return of -0.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.94%.
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
11.52% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25% | CA.CASGEN 5.25 12.01.2056 | 1.49% |
| M-S-R ENERGY AUTH CALIF GAS REV 6.5% | CA.MSRPWR 6.5 11.01.2039 | 1.33% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% | n/a | 1.31% |
| Grand Canyon University 5.125% | GCUNIV.5.125 10.01.28 | 1.31% |
| FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 0% | n/a | 1.20% |
| SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% | CA.SFOAPT 5 05.01.2050 | 1.14% |
| LOS ANGELES CALIF HSG AUTH MULTIFAMILY HSG REV 6% | CA.LOSMFH 6 12.01.2062 | 1.06% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5.25% | n/a | 0.90% |
| CMFA SPL FIN AGY CALIF ESSENTIAL HSG REV 4.5% | CA.CMFHSG 4.5 08.01.2051 | 0.90% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.784% | PR.PRCGEN 4.78 07.01.2058 | 0.88% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 28, 2025 | $0.03114 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0367 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03225 | Sep 30, 2025 |
| Aug 29, 2025 | $0.03565 | Aug 29, 2025 |
| Jul 31, 2025 | $0.0343 | Jul 31, 2025 |
| Jun 30, 2025 | $0.03203 | Jun 30, 2025 |