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FCAVX Franklin CA Tax-Free Income Adv

  • Fund
  • FCAVX
  • Price as of: Jul 17, 2018
  • $7.31
  • - $0.00
  • - 0.00%
  • Category
  • Single State Municipal Bonds

FCAVX - Profile

Vitals

  • YTD Return -2.1%
  • 3 Yr Annualized Return 3.5%
  • 5 Yr Annualized Return 4.5%
  • Net Assets $15.2 B
  • Holdings in Top 10 17.5%

52 WEEK LOW AND HIGH

$7.31
$7.22
$7.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.50%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 13.05%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Long

Distributions

  • YTD Total Return -2.1%
  • 3 Yr Annualized Total Return 3.5%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.62%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin California Tax Free Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Oct 01, 2001
  • Shares Outstanding N/A
  • Share Class Adv
  • Currency USD
  • Domiciled Country United States
  • Manager John Wiley

Fund Description

The fund invests at least 80% of its total assets in investment grade municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from California personal income taxes. It is possible that up to 20% of its total assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay taxable interest.

FCAVX - Performance

Return Ranking - Trailing

Period FCAVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.1% -100.0% 9.5% 65.01% 5
1 Yr 1.8% -13.2% 11.9% 22.95% 2
3 Yr 3.5% * -2.8% 8.2% 7.62% 1
5 Yr 4.5% * -2.7% 7.3% 5.30% 1
10 Yr 4.9% * 0.1% 6.8% 3.47% 1

* Annualized


Return Ranking - Calendar

Period FCAVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.3% -12.8% 6.8% 9.34% 1
2016 -2.8% -4.9% 7.9% 37.04% 3
2015 -0.4% -7.9% 7.4% 35.71% 3
2014 8.8% -9.5% 15.6% 3.53% 1
2013 -8.0% -20.2% 7.4% 49.13% 4

Total Return Ranking - Trailing

Period FCAVX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -2.1% -100.0% 9.5% 64.13% 5
1 Yr 1.8% -17.4% 8.6% 13.87% 1
3 Yr 3.5% * -3.7% 8.2% 5.89% 1
5 Yr 4.5% * -3.0% 7.3% 4.07% 1
10 Yr 4.9% * 0.1% 6.8% 2.63% 1

* Annualized


Total Return Ranking - Calendar

Period FCAVX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.3% -12.8% 6.8% 9.34% 1
2016 0.6% -4.9% 7.6% 1.54% 1
2015 3.9% -7.9% 8.0% 2.80% 1
2014 15.3% -9.5% 17.8% 0.96% 1
2013 -4.4% -20.2% 7.4% 11.61% 1

NAV & Total Return History

FCAVX - Holdings

Filings data as of: May 31, 2018

Concentration Analysis

FCAVX Category Low Category High FCAVX % Rank Quintile
Net Assets 15.2 B 2.11 M 18.3 B 0.19% 1
Number of Holdings 701 16 4051 1.16% 1
Net Assets in Top 10 2.67 B 203 K 2.67 B 0.10% 1
Weighting of Top 10 17.5% 3.9% 73.5% 28.00% 4

Top 10 Holdings

  1. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY 5% 3.05%
  2. CALIFORNIA HEALTH FACS FING AUTH 4% 2.63%
  3. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF 6% 2.32%
  4. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF 5.75% 1.94%
  5. GOLDEN ST TOB SECURITIZATION CORP CALIF 5% 1.57%
  6. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF 6% 1.44%
  7. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN 5% 1.40%
  8. GOLDEN ST TOB SECURITIZATION CORP CALIF 5% 1.06%
  9. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY 0% 1.02%
  10. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN 5% 1.02%

Asset Allocation

Weighting Category Low Category High FCAVX % Rank Quintile
Bonds
98.87% -0.86% 104.10% 11.43% 4
Cash
1.13% -4.10% 99.63% 13.86% 2
Stocks
0.00% 0.00% 1.87% 0.58% 4
Preferred Stocks
0.00% 0.00% 0.00% 0.10% 4
Other
0.00% -3.93% 33.35% 6.40% 4
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 4

Bond Sector Breakdown

Weighting Category Low Category High FCAVX % Rank Quintile
Municipal
98.87% 0.00% 111.31% 11.34% 4
Cash & Equivalents
1.13% -4.10% 99.63% 13.57% 2
Derivative
0.00% -5.47% 0.00% 0.10% 4
Securitized
0.00% 0.00% 0.00% 0.10% 4
Corporate
0.00% 0.00% 5.15% 2.62% 4
Government
0.00% -13.55% 4.44% 1.26% 4

Bond Geographic Breakdown

Weighting Category Low Category High FCAVX % Rank Quintile
US
98.29% -0.86% 104.10% 11.14% 3
Non US
0.58% 0.00% 45.96% 15.89% 3

FCAVX - Expenses

Operational Fees

FCAVX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.50% 0.09% 5.19% 15.91% 1
Management Fee 0.44% 0.00% 1.30% 2.13% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.15% 0.00% 0.33% 2.37% 5

Sales Fees

FCAVX Fees (% of AUM) Category Low Category High FCAVX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

FCAVX Fees (% of AUM) Category Low Category High FCAVX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FCAVX Fees (% of AUM) Category Low Category High FCAVX Rank Quintile
Turnover 13.05% 0.00% 157.00% 8.80% 2

FCAVX - Distributions

Dividend Yield Analysis

FCAVX Category Low Category High FCAVX % Rank Quintile
Dividend Yield 0.3% 0.00% 0.99% 20.28% 4

Dividend Distribution Analysis

FCAVX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FCAVX Category Low Category High FCAVX % Rank Quintile
Net Income Ratio 3.62% 0.00% 6.13% 4.95% 1

Capital Gain Distribution Analysis

FCAVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

FCAVX - Managers

John Wiley

Manager

Start Date

Aug 01, 1991

Tenure

26.93

Tenure Rank

0.6%

John Wiley, Senior Vice President, has been a lead portfolio manager since 1993. Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.


Christopher S. Sperry

Manager

Start Date

Dec 31, 2000

Tenure

17.51

Tenure Rank

3.1%

Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.0

Category High

38.7

Category Average

9.75

Category Mode

0.1