Franklin California High Yield Municipal Fund R6 (FCAQX)
9.60
+0.01
(+0.10%)
USD |
Aug 25 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.51% | 3.296B | -- | 14.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 184.75M | 6.69% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of income exempt from federal and California state personal income taxes. 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. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | California Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | California Municipal Debt Funds |
| Fund Owner Firm Name | Franklin Templeton |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
7
-47.94M
Peer Group Low
292.96M
Peer Group High
1 Year
% Rank:
14
184.75M
-247.79M
Peer Group Low
1.839B
Peer Group High
3 Months
% Rank:
8
-32.54M
Peer Group Low
686.29M
Peer Group High
3 Years
% Rank:
12
-1.731B
Peer Group Low
2.096B
Peer Group High
6 Months
% Rank:
11
-52.27M
Peer Group Low
1.201B
Peer Group High
5 Years
% Rank:
36
-3.971B
Peer Group Low
2.600B
Peer Group High
YTD
% Rank:
11
-39.22M
Peer Group Low
1.367B
Peer Group High
10 Years
% Rank:
30
-3.847B
Peer Group Low
3.679B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of August 26, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 0.02% |
| Stock | 0.00% |
| Bond | 99.02% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.97% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV CA 0.000 01/15/2032 | 1.26% | 81.96 | 0.01% |
| GRAND CANYON UNIVERSITY GRCANY 5.125 10/01/2028 FIX USD Corporate | 1.21% | 99.02 | 0.02% |
| FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV CA 0.000 01/15/2042 | 1.21% | 51.75 | 0.02% |
| M-S-R ENERGY AUTH CALIF GAS REV CA 6.500 11/01/2039 | 1.20% | 117.98 | -0.00% |
| LOS ANGELES CALIF HSG AUTH MULTIFAMILY HSG REV CA 6.000 12/01/2062 | 0.98% | 93.70 | 0.00% |
|
Other Assets less Liabilities
|
0.97% | -- | -- |
| CMFA SPL FIN AGY CALIF ESSENTIAL HSG REV CA 4.500 08/01/2051 | 0.86% | 72.62 | 0.00% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV PR 4.784 07/01/2058 | 0.84% | 94.72 | 0.00% |
| SAN DIEGO CALIF UNI SCH DIST CA 0.000 07/01/2047 | 0.79% | 107.45 | 0.24% |
| CMFA SPL FIN AGY XII CALIF ESSENTIAL HSG REV CA 4.375 08/01/2049 | 0.76% | 79.21 | 0.01% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.46% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 1.00M None |
| Minimum Subsequent Investment | 0.00 None |
Projected Income
| Type | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of July 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks to provide a high level of income exempt from federal and California state personal income taxes. 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. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Municipal Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Municipal |
| Peer Group | California Municipal Debt Funds |
| Global Macro | Bond HC |
| US Macro | Single State Municipal Debt Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | California Municipal Debt Funds |
| Fund Owner Firm Name | Franklin Templeton |
| Broad Asset Class Benchmark Index | |
| ^BBMBTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (8-25-26) | 4.57% |
| 30-Day SEC Yield (7-31-26) | 4.46% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 813 |
| Bond | |
| Yield to Maturity (6-30-26) | 4.49% |
| Effective Duration | 8.12 |
| Average Coupon | 5.18% |
| Calculated Average Quality | 3.037 |
| Effective Maturity | 15.65 |
| Nominal Maturity | 21.16 |
| Number of Bond Holdings | 809 |
As of June 30, 2026
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:FCAQX", "name") |
| Broad Asset Class: =YCI("M:FCAQX", "broad_asset_class") |
| Broad Category: =YCI("M:FCAQX", "broad_category_group") |
| Prospectus Objective: =YCI("M:FCAQX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |