Franklin California High Yield Municipal Fund Class Advisor (FVCAX)

10.68
Net Asset Value
0.00%
1 Day
+0.47%
Year-to-Date
Overall Morningstar Rating
Muni california long
Style or Category
No Load
Sales Expenses
0.52%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of income exempt from federal and California personal income taxes; capital appreciation is a secondary consideration. 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.

Performance

1 month+0.15% 3 years+9.56%
3 months+0.96% 5 years+7.38%
1 year+7.21% Since inception+5.68%
Data through --

Peer Comparisonvs. Muni california long

 FVCAXCategory
Performance 5-yr return+7.38%+6.10%
Expense ratio0.52%0.97%
Risk 5 year sharpe ratio0.840.87
Net assets$2.0B$1.3B
Average market cap----
Average P/E----
Portfolio turnover7%7%

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Fund Management and Purchase Info

Fund familyFranklin Templeton Investment Funds
Fund manager & tenureJohn Wiley / 20 Years
Minimal initial investment$50,000.00
Minimum IRA investment--

Holdings

Other100.00%
U.S. stock--
International stock--
Fixed income--
Cash--
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- California St Go Bds 5%2.58%
-- M-S-R Engy Auth 6.5%2.26%
-- California Statewide Cmntys De Rev 5.25%2.07%
-- San Joaquin Hills Calif Transn Sr Lie 5%1.67%
-- Foothill / Eastern Transn Corr Toll Rd1.53%
-- California Statewide Cmntys De Var 2.1%1.43%
-- San Joaquin Hills Calif Transn Rev Ref B1.31%
-- Golden St Tob Securitization C Tobacc 5%1.17%
-- Los Angeles Calif Dept Wtr & P Wtr & Pwr1.12%
-- Puerto Rico Pub Bldgs Auth 5.25%0.99%

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