FCQAX: Franklin California High Yield Municipal Fund - MutualFunds.com
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Franklin CA High Yield Municipal A

FCQAX - Snapshot

Vitals

  • YTD Return 1.8%
  • 3 Yr Annualized Return 5.8%
  • 5 Yr Annualized Return 4.1%
  • Net Assets $3.25 B
  • Holdings in Top 10 16.5%

52 WEEK LOW AND HIGH

$11.58
$10.95
$11.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.80%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 23.29%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

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

Compare FCQAX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.89

0.00%

$85.72 B

-

$0.00

0.20%

0.17%

$11.26

0.00%

$36.46 B

-

$0.00

0.00%

0.17%

$13.76

0.00%

$26.45 B

-

$0.00

1.03%

0.52%

$117.60

+0.03%

$22.01 B

-

-

0.28%

0.07%

$15.94

0.00%

$21.98 B

-

$0.00

-0.06%

0.17%

FCQAX - Profile

Distributions

  • YTD Total Return 1.8%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Franklin California High Yield Municipal Fund
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Sep 10, 2018
  • Shares Outstanding
    53707400
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Wiley

Fund Description

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. It also may have up to 100% of its assets in securities that pay interest subject to the federal alternative minimum tax. The fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.


FCQAX - Performance

Return Ranking - Trailing

Period FCQAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -2.2% 7.3% 11.45%
1 Yr 9.6% -1.3% 22.3% 10.92%
3 Yr 5.8%* 0.3% 10.0% 9.60%
5 Yr 4.1%* -0.6% 7.8% 9.09%
10 Yr 6.4%* -0.2% 9.6% 5.14%

* Annualized

Return Ranking - Calendar

Period FCQAX Return Category Return Low Category Return High Rank in Category (%)
2020 1.2% -2.8% 310.0% 70.94%
2019 5.8% -0.3% 15.4% 7.53%
2018 N/A -10.3% 97.2% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 96.8% N/A

Total Return Ranking - Trailing

Period FCQAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.8% -2.2% 7.3% 11.51%
1 Yr 5.5% -5.4% 22.3% 34.48%
3 Yr 4.4%* -1.7% 10.0% 36.99%
5 Yr 3.3%* -1.8% 7.8% 26.23%
10 Yr 6.0%* -0.4% 9.6% 6.89%

* Annualized

Total Return Ranking - Calendar

Period FCQAX Return Category Return Low Category Return High Rank in Category (%)
2020 1.2% -2.8% 310.0% 70.94%
2019 5.8% -0.3% 15.4% 7.96%
2018 N/A -10.3% 11.0% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 3.0% N/A

NAV & Total Return History


FCQAX - Holdings

Concentration Analysis

FCQAX Category Low Category High FCQAX % Rank
Net Assets 3.25 B 907 K 85.7 B 12.25%
Number of Holdings 667 3 11766 17.59%
Net Assets in Top 10 527 M -241 M 4.15 B 5.12%
Weighting of Top 10 16.45% 2.3% 100.0% 53.92%

Top 10 Holdings

  1. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5.25% 2.65%
  2. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5.25% 2.10%
  3. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25% 1.87%
  4. M-S-R ENERGY AUTH CALIF GAS REV 6.5% 1.69%
  5. California Cmnty Hsg Agy Essential Hsg Rev 5% 1.57%
  6. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 4% 1.54%
  7. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 6.5% 1.50%
  8. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.39%
  9. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 1.37%
  10. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 0% 1.36%

Asset Allocation

Weighting Return Low Return High FCQAX % Rank
Bonds
99.76% 65.18% 145.79% 27.70%
Cash
0.24% -45.79% 34.82% 70.69%
Stocks
0.00% -0.06% 2.34% 29.18%
Preferred Stocks
0.00% -0.94% 1.06% 26.86%
Other
0.00% -13.58% 30.00% 29.71%
Convertible Bonds
0.00% 0.00% 1.29% 26.98%

Bond Sector Breakdown

Weighting Return Low Return High FCQAX % Rank
Municipal
99.76% 42.61% 100.00% 24.47%
Cash & Equivalents
0.24% 0.00% 34.82% 74.05%
Derivative
0.00% 0.00% 0.85% 26.75%
Securitized
0.00% 0.00% 7.07% 28.46%
Corporate
0.00% 0.00% 15.60% 38.59%
Government
0.00% 0.00% 50.29% 32.44%

Bond Geographic Breakdown

Weighting Return Low Return High FCQAX % Rank
US
93.56% 65.18% 141.11% 69.44%
Non US
6.20% 0.00% 23.68% 9.11%

FCQAX - Expenses

Operational Fees

FCQAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.80% 0.01% 16.95% 46.11%
Management Fee 0.46% 0.00% 1.12% 60.31%
12b-1 Fee 0.25% 0.00% 1.00% 41.43%
Administrative Fee 0.15% 0.01% 0.47% 59.10%

Sales Fees

FCQAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.50% 5.75% 43.58%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FCQAX 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.

FCQAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.29% 0.00% 299.40% 57.39%

FCQAX - Distributions

Dividend Yield Analysis

FCQAX Category Low Category High FCQAX % Rank
Dividend Yield 0.00% 0.00% 1.75% 31.41%

Dividend Distribution Analysis

FCQAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FCQAX Category Low Category High FCQAX % Rank
Net Income Ratio 3.10% -1.65% 5.71% 11.30%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FCQAX - Fund Manager Analysis

Managers

John Wiley


Start Date

Tenure

Tenure Rank

May 03, 1993

28.1

28.1%

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

16.59

16.6%

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

0.58

0.6%

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

0.58

0.6%

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
0.01 36.19 7.08 0.58