Morningstar

Franklin CA High Yield Municipal R6 FCAQX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 10.10  /  −0.09 %
  • Total Assets 2.9 Bil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Large
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.11%
  • Effective Duration 7.07 years

USD | NAV as of Oct 03, 2024 | 1-Day Return as of Oct 03, 2024, 10:11 PM GMT+0

Morningstar’s Analysis FCAQX

Will FCAQX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FCAQX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FCAQX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FCAQX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Franklin CA High Yield Municipal R6 to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings FCAQX

More FCAQX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV

3.18 89.1 Mil
municipal

SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN WASTEWATER REV

1.99 55.6 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV

1.68 46.9 Mil
municipal

Grand Canyon University

1.54 43.0 Mil
Corporate

M-S-R ENERGY AUTH CALIF GAS REV

1.52 42.6 Mil
municipal

SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV

1.39 38.8 Mil
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV

1.29 36.0 Mil
municipal

FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV

1.28 35.8 Mil
municipal

PUERTO RICO ELEC PWR AUTH PWR REV

1.18 33.0 Mil
municipal

CMFA SPL FIN AGY CALIF ESSENTIAL HSG REV

1.15 32.1 Mil
municipal

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