FCAVX: Franklin CA Tax Free Income Adv

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

FCAVX Franklin CA Tax Free Income Adv


Profile

FCAVX - Profile

Vitals

  • YTD Return -0.8%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return 0.3%
  • Net Assets $15.7 B
  • Holdings in Top 10 18.0%

52 WEEK LOW AND HIGH

$7.58
$6.81
$7.94

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


Distributions

  • YTD Total Return -0.8%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.63%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    285577262
  • 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.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

FCAVX - Performance

Return Ranking - Trailing

Period FCAVX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -7.0% 2.3% 31.96%
1 Yr 0.5% -4.0% 4.9% 19.90%
3 Yr 0.4%* -1.7% 1.8% 32.76%
5 Yr 0.3%* -1.2% 2.0% 32.26%
10 Yr N/A* -0.2% 1.8% 7.03%

* Annualized

Return Ranking - Calendar

Period FCAVX Return Category Return Low Category Return High Rank in Category (%)
2019 5.5% 2.4% 8.8% 23.68%
2018 -3.1% -6.2% 2.8% 67.58%
2017 2.3% -0.2% 6.8% 45.78%
2016 -2.8% -7.9% -1.7% 29.94%
2015 -0.4% -1.9% 1.8% 78.57%

Total Return Ranking - Trailing

Period FCAVX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.8% -7.0% 2.3% 31.96%
1 Yr 0.5% -4.0% 4.9% 19.90%
3 Yr 2.7%* -1.7% 2.7% 0.57%
5 Yr 3.2%* -1.2% 3.2% 0.65%
10 Yr N/A* -0.2% 4.5% 1.56%

* Annualized

Total Return Ranking - Calendar

Period FCAVX Return Category Return Low Category Return High Rank in Category (%)
2019 6.5% 2.4% 8.8% 5.79%
2018 0.5% -6.2% 2.8% 5.49%
2017 6.2% -0.2% 6.9% 3.01%
2016 0.8% -7.9% 0.8% 1.27%
2015 3.7% -1.9% 3.7% 0.65%

NAV & Total Return History


Holdings

FCAVX - Holdings

Concentration Analysis

FCAVX Category Low Category High FCAVX % Rank
Net Assets 15.7 B 2.77 M 15.7 B 2.58%
Number of Holdings 666 19 4406 12.89%
Net Assets in Top 10 2.84 B -117 M 2.84 B 2.58%
Weighting of Top 10 18.01% 3.4% 72.3% 40.72%

Top 10 Holdings

  1. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5% 2.91%
  2. CALIFORNIA HEALTH FACS FING AUTH REV 4% 2.65%
  3. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 6% 2.33%
  4. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 2.19%
  5. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 5.75% 1.80%
  6. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.52%
  7. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 6% 1.45%
  8. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 1.14%
  9. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 1.01%
  10. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 1.01%

Asset Allocation

Weighting Return Low Return High FCAVX % Rank
Bonds
98.86% 90.04% 139.32% 58.76%
Cash
1.14% -39.32% 9.96% 38.14%
Stocks
0.00% 0.00% 0.10% 46.39%
Preferred Stocks
0.00% 0.00% 0.00% 45.36%
Other
0.00% -0.14% 2.27% 50.00%
Convertible Bonds
0.00% 0.00% 0.00% 45.36%

Bond Sector Breakdown

Weighting Return Low Return High FCAVX % Rank
Municipal
98.86% 48.57% 101.06% 61.86%
Cash & Equivalents
1.14% -0.27% 10.98% 40.21%
Derivative
0.00% 0.00% 0.00% 45.36%
Securitized
0.00% 0.00% 0.00% 45.36%
Corporate
0.00% 0.00% 2.65% 51.55%
Government
0.00% -0.79% 47.09% 46.39%

Bond Geographic Breakdown

Weighting Return Low Return High FCAVX % Rank
US
98.08% 83.68% 135.97% 44.85%
Non US
0.78% 0.00% 8.76% 62.89%

Expenses

FCAVX - Expenses

Operational Fees

FCAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.09% 3.74% 86.01%
Management Fee 0.44% 0.00% 0.65% 38.66%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.33% 58.82%

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 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.

FCAVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.12% 2.00% 235.00% 31.09%

Distributions

FCAVX - Distributions

Dividend Yield Analysis

FCAVX Category Low Category High FCAVX % Rank
Dividend Yield 0.00% 0.00% 0.64% 65.46%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

FCAVX Category Low Category High FCAVX % Rank
Net Income Ratio 3.63% 0.73% 5.75% 9.84%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FCAVX - Fund Manager Analysis

Managers

John Wiley


Start Date

Tenure

Tenure Rank

Aug 01, 1991

28.77

28.8%

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

Dec 31, 2000

19.34

19.3%

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 Category High Category Average Category Mode
0.08 31.35 8.93 7.17