Continue to site >
Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.84

$2.37 B

3.73%

$0.37

0.65%

Vitals

YTD Return

1.1%

1 yr return

4.9%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

1.3%

Net Assets

$2.37 B

Holdings in Top 10

16.5%

52 WEEK LOW AND HIGH

$9.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.65%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 10.19%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.84

$2.37 B

3.73%

$0.37

0.65%

FCAMX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 1.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.04%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    FRANKLIN CALIFORNIA HIGH YIELD MUNICIPAL FUND
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Feb 23, 1994
  • Shares Outstanding
    99596638
  • Share Class
    A1
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Wiley

Fund Description

Under normal market conditions, the Fund invests at least 80% of its net assets in municipal securities whose interest is free from regular federal income taxes and from California personal income taxes. Although the Fund tries to invest all of its assets in securities whose interest is free from regular federal and California

personal income taxes, it is possible that up to 20% of its net assets may be in securities that pay interest subject to federal or state income taxes. The Fund also may have up to 100% of its assets in securities that pay interest subject to the federal alternative minimum tax.

The Fund may invest in municipal securities rated in any rating category by U.S. nationally recognized rating services, including securities rated below investment grade (or comparable unrated or short-term rated securities).

The Fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories. The Fund may invest in securities of any maturity or duration.

The Fund may also invest in municipal securities that are covered by insurance policies that guarantee the timely payment of principal and interest.

Although the investment manager will search for investments across a large number of municipal securities that finance different types of projects, from time to time, based on economic conditions, the Fund may have significant positions in municipal securities that finance similar types of projects.

The investment manager selects securities that it believes will provide the best balance between risk and return within the Fund’s range of allowable investments and typically invests with a long-term time horizon. This means it generally holds securities in the Fund’s portfolio for income purposes, although the investment manager may sell a security at any time if it believes it could help the Fund meet its goal. With a focus on income, individual securities are considered for purchase or sale based on various factors and considerations, including credit profile, risk, structure, pricing, portfolio impact, duration management, restructuring, opportunistic trading and tax loss harvesting opportunities.

The investment manager may consider existing market conditions, the availability of lower-rated securities, and whether the difference in yields between higher and lower-rated securities justifies the higher risk of lower-rated securities when selecting securities for the Fund’s portfolio.

Read More

FCAMX - Performance

Return Ranking - Trailing

Period FCAMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -2.7% 12.2% 1.61%
1 Yr 4.9% -3.0% 38.5% 9.63%
3 Yr -1.0%* -10.3% 3.3% 66.42%
5 Yr 1.3%* -5.7% 1102.9% 29.43%
10 Yr 3.3%* -0.2% 248.3% 4.95%

* Annualized

Return Ranking - Calendar

Period FCAMX Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -1.4% 41.0% 94.62%
2022 -14.9% -39.7% 0.3% 88.63%
2021 0.8% -5.6% 6.9% 10.45%
2020 1.2% -2.6% 310.0% 71.87%
2019 5.9% 0.0% 26.0% 6.59%

Total Return Ranking - Trailing

Period FCAMX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -2.7% 12.2% 1.61%
1 Yr 4.9% -3.0% 38.5% 9.63%
3 Yr -1.0%* -10.3% 3.3% 66.42%
5 Yr 1.3%* -5.7% 1102.9% 29.43%
10 Yr 3.3%* -0.2% 248.3% 4.95%

* Annualized

Total Return Ranking - Calendar

Period FCAMX Return Category Return Low Category Return High Rank in Category (%)
2023 5.6% -1.3% 41.0% 50.39%
2022 -11.7% -39.7% 1.1% 84.10%
2021 4.1% -4.8% 23761504.0% 5.82%
2020 3.7% -1.5% 17057.9% 52.81%
2019 10.0% 0.2% 3514.6% 2.91%

NAV & Total Return History


FCAMX - Holdings

Concentration Analysis

FCAMX Category Low Category High FCAMX % Rank
Net Assets 2.37 B 3.48 M 68.1 B 13.86%
Number of Holdings 598 2 12848 20.62%
Net Assets in Top 10 403 M -317 M 3.4 B 7.02%
Weighting of Top 10 16.51% 1.9% 100.4% 56.29%

Top 10 Holdings

  1. San Joaquin Hills Transportation Corridor Agency, Series 2014 B 3.63%
  2. California Statewide Communities Development Authority, Series 2016 A 1.82%
  3. Grand Canyon University 1.65%
  4. M-S-R Energy Authority, Series 2009 B 1.63%
  5. San Joaquin Hills Transportation Corridor Agency, Series 1997 A 1.51%
  6. San Francisco City County Airport Comm-San Francisco International Airport, Series 2019 E 1.44%
  7. Puerto Rico Electric Power Authority 1.35%
  8. Foothill-Eastern Transportation Corridor Agency, Series 2013 A 1.31%
  9. CMFA Special Finance Agency Enclave, Series 2022 A-2 1.19%
  10. San Diego Unified School District, Series 2010 C 0.97%

Asset Allocation

Weighting Return Low Return High FCAMX % Rank
Bonds
100.62% 0.00% 150.86% 9.72%
Cash
0.44% -50.86% 50.09% 79.83%
Stocks
0.10% 0.00% 99.80% 6.50%
Preferred Stocks
0.00% 0.00% 0.52% 89.43%
Other
0.00% -8.54% 33.35% 84.28%
Convertible Bonds
0.00% 0.00% 0.93% 89.39%

Stock Sector Breakdown

Weighting Return Low Return High FCAMX % Rank
Utilities
0.00% 0.00% 0.00% N/A
Technology
0.00% 0.00% 0.00% N/A
Real Estate
0.00% 0.00% 0.00% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 0.00% N/A
Financial Services
0.00% 0.00% 0.00% N/A
Energy
0.00% 0.00% 0.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 0.00% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 0.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High FCAMX % Rank
US
0.10% 0.00% 99.80% 6.51%
Non US
0.00% 0.00% 10.75% 65.40%

Bond Sector Breakdown

Weighting Return Low Return High FCAMX % Rank
Municipal
97.12% 44.39% 100.00% 65.46%
Corporate
1.82% 0.00% 9.41% 1.49%
Cash & Equivalents
0.44% 0.00% 48.02% 40.79%
Derivative
0.00% -8.54% 23.38% 82.99%
Securitized
0.00% 0.00% 5.93% 89.39%
Government
0.00% 0.00% 52.02% 90.17%

Bond Geographic Breakdown

Weighting Return Low Return High FCAMX % Rank
US
100.62% 0.00% 142.23% 9.02%
Non US
0.00% 0.00% 23.89% 69.59%

FCAMX - Expenses

Operational Fees

FCAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.65% 0.01% 20.65% 60.45%
Management Fee 0.46% 0.00% 1.20% 68.51%
12b-1 Fee 0.10% 0.00% 1.00% 21.39%
Administrative Fee 0.15% 0.01% 0.44% 69.78%

Sales Fees

FCAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 4.75% 47.74%
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FCAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

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.

FCAMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.19% 0.00% 283.00% 24.04%

FCAMX - Distributions

Dividend Yield Analysis

FCAMX Category Low Category High FCAMX % Rank
Dividend Yield 3.73% 0.00% 14.36% 1.22%

Dividend Distribution Analysis

FCAMX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FCAMX Category Low Category High FCAMX % Rank
Net Income Ratio 3.04% -0.53% 5.33% 6.20%

Capital Gain Distribution Analysis

FCAMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FCAMX - Fund Manager Analysis

Managers

John Wiley


Start Date

Tenure

Tenure Rank

May 03, 1993

29.1

29.1%

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 Sperry


Start Date

Tenure

Tenure Rank

Nov 01, 2004

17.59

17.6%

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

Michael Conn


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Mr. Conn has been a portfolio manager of Franklin Advisers, Inc since November 2020. He joined Franklin Templeton in 2006.

John Bonelli


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Mr. Bonelli is a Portfolio Manager and Research Analyst of Franklin Advisers, Inc. He joined Franklin Templeton Investments in 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58