Franklin California High Yield Municipal Fund Class A (FCQAX)

Fund Assets	3.30B
Expense Ratio	0.81%
Min. Investment	$1,000
Turnover	13.89%
Dividend (ttm)	0.41
Dividend Yield	4.28%
Dividend Growth	3.80%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	9.58
YTD Return	0.88%
1-Year Return	6.30%
5-Year Return	1.57%
52-Week Low	9.39
52-Week High	9.86
Beta (5Y)	n/a
Holdings	825
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.

• Fund Family: Franklin Templeton Investments
• Category: Muni California Long
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FCQAX
• Share Class: Class A
• Index: Bloomberg California TaxExempt Muni Bd TR

Performance

FCQAX had a total return of 6.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.51%.

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
FCAQX	Class R6	0.51%
FVCAX	Advisor Class	0.56%
FCAMX	Class A1	0.66%
FCAHX	Class C	1.20%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03653	Jul 31, 2026
Jun 30, 2026	$0.03408	Jun 30, 2026
May 29, 2026	$0.03611	May 29, 2026
Apr 30, 2026	$0.0325	Apr 30, 2026
Mar 31, 2026	$0.0331	Mar 31, 2026
Feb 27, 2026	$0.03106	Feb 27, 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:

Aug 27, 2026

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