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Morningstar

Franklin CA High Yield Municipal C FCAHX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.63  /  0.74 %
  • Total Assets 2.4 Bil
  • Adj. Expense Ratio
    1.200%
  • Expense Ratio 1.200%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.73%
  • Effective Duration 8.07 years

USD | NAV as of Nov 29, 2023 | 1-Day Return as of Nov 29, 2023, 11:17 PM GMT+0

Morningstar’s Analysis FCAHX

Will FCAHX 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 FCAHX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FCAHX 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 FCAHX’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 C to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FCAHX

More FCAHX Holdings
  • Current Portfolio Date
  • Equity Holdings 1
  • Bond Holdings 581
  • Other Holdings 23
  • % Assets in Top 10 Holdings 16.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5.25%

4.27
99,771,027
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25%

1.78
41,537,144
municipal

Grand Canyon University 5.125%

1.73
40,419,364
Corporate

M-S-R ENERGY AUTH CALIF GAS REV 6.5%

1.60
37,430,274
municipal

SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0%

1.45
33,878,043
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

1.45
33,849,746
municipal

PUERTO RICO ELEC PWR AUTH PWR REV 7.125%

1.41
32,971,162
municipal

CMFA SPL FIN AGY CALIF ESSENTIAL HSG REV 4.5%

1.18
27,616,171
municipal

FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 0%

1.18
27,480,518
municipal

CALIFORNIA MUN FIN AUTH REV 5%

0.91
21,211,609
municipal