FCAVX: Franklin CA Tax Free Income Adv

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FCAVX Franklin CA Tax Free Income Adv

  • Fund
  • FCAVX
  • Price as of: Oct 15, 2019
  • $7.66 - $0.01 - 0.13%

FCAVX - Profile

Vitals

  • YTD Return 5.8%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return 4.4%
  • Net Assets $16.3 B
  • Holdings in Top 10 18.1%

52 WEEK LOW AND HIGH

$7.66
$7.08
$7.76

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.51%

SALES FEES

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

BROKERAGE FEES

  • Turnover 14.12%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Long

Distributions

  • YTD Total Return 6.8%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.63%
DIVIDENDS
  • Dividend Yield 1.7%
  • 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 245381433
  • 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 interest subject to other federal or state income taxes.

FCAVX - Performance

Return Ranking - Trailing

Period FCAVX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.8% 2.4% 10.9% 23.32%
1 Yr 10.0% 1.8% 13.2% 4.15%
3 Yr 3.4%* -1.4% 5.8% 10.23%
5 Yr 4.4%* -1.4% 6.1% 10.18%
10 Yr 5.0%* -0.9% 7.7% 13.10%

* Annualized


Return Ranking - Calendar

Period FCAVX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.1% -6.2% 2.8% 66.49%
2017 2.3% -0.2% 6.8% 44.38%
2016 -2.8% -7.9% -1.7% 29.38%
2015 -0.4% -1.9% 1.8% 77.71%
2014 8.8% 1.5% 16.6% 24.84%

Total Return Ranking - Trailing

Period FCAVX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.8% 2.4% 10.9% 7.77%
1 Yr 10.0% 0.8% 13.2% 3.63%
3 Yr 3.4%* -1.4% 5.8% 8.52%
5 Yr 4.4%* -1.4% 6.1% 10.18%
10 Yr 5.0%* -0.9% 7.7% 13.10%

* Annualized


Total Return Ranking - Calendar

Period FCAVX Return Category Return Low Category Return High Rank in Category (%)
2018 0.5% -6.2% 2.8% 5.95%
2017 6.2% -0.2% 6.9% 2.96%
2016 0.8% -7.9% 0.8% 1.25%
2015 3.7% -1.9% 3.7% 0.64%
2014 13.7% 2.0% 16.6% 5.23%

NAV & Total Return History

FCAVX - Holdings

Concentration Analysis

FCAVX Category Low Category High FCAVX % Rank
Net Assets 16.3 B 3.1 M 16.3 B 1.53%
Number of Holdings 637 18 3999 13.78%
Net Assets in Top 10 2.99 B -110 M 2.99 B 1.53%
Weighting of Top 10 18.13% 3.8% 80.5% 44.90%

Top 10 Holdings

  1. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5% 2.99%

  2. CALIFORNIA HEALTH FACS FING AUTH REV 4% 2.65%

  3. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 2.22%

  4. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 6% 2.21%

  5. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 5.75% 1.86%

  6. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.54%

  7. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 6% 1.37%

  8. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 1.18%

  9. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 1.06%

  10. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 1.05%


Asset Allocation

Weighting Return Low Return High FCAVX % Rank
Bonds
100.60% 91.08% 158.35% 15.31%
Stocks
0.00% 0.00% 0.20% 35.20%
Preferred Stocks
0.00% 0.00% 0.00% 33.16%
Other
0.00% -40.48% 2.17% 39.29%
Convertible Bonds
0.00% 0.00% 0.00% 33.16%
Cash
-0.60% -38.61% 8.91% 86.73%

Bond Sector Breakdown

Weighting Return Low Return High FCAVX % Rank
Municipal
100.60% 91.09% 153.13% 18.37%
Derivative
0.00% 0.00% 0.00% 33.16%
Securitized
0.00% 0.00% 1.72% 33.16%
Corporate
0.00% 0.00% 1.71% 39.80%
Government
0.00% -5.09% 1.93% 31.63%
Cash & Equivalents
-0.60% -38.61% 8.91% 86.73%

Bond Geographic Breakdown

Weighting Return Low Return High FCAVX % Rank
US
99.66% 87.68% 158.35% 18.88%
Non US
0.94% 0.00% 8.93% 50.00%

FCAVX - Expenses

Operational Fees

FCAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.09% 28.64% 85.94%
Management Fee 0.44% 0.00% 0.70% 34.69%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.33% 57.97%

Sales Fees

FCAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FCAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 1.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 14.12% 0.00% 293.00% 16.49%

FCAVX - Distributions

Dividend Yield Analysis

FCAVX Category Low Category High FCAVX % Rank
Dividend Yield 1.73% 0.00% 4.08% 30.10%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FCAVX Category Low Category High FCAVX % Rank
Net Income Ratio 3.63% 0.87% 6.70% 19.79%

Capital Gain Distribution Analysis

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

FCAVX - Managers

John Wiley

Manager

Start Date

Tenure

Tenure Rank

Aug 01, 1991

28.18

28.2%

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

Tenure

Tenure Rank

Dec 31, 2000

18.76

18.8%

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

0.25

Category High

30.77

Category Average

9.03

Category Mode

6.59