FCAMX – Franklin CA High Yield Municipal A1 Investment Strategy | Morningstar

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Strategy

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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FVCAX	Franklin California High Yield Municipal Fund Advisor Class	No Load	Open			Nov 15, 2006	$1.15B	0.560%	Above Average	$0	−$16.65M
FCAMX	Franklin California High Yield Municipal Fund Class A1	Front Load	Limited			May 3, 1993	$580.03M	0.660%	Low	$1,000	−$70.32M
FCQAX	Franklin California High Yield Municipal Fund Class A	Front Load	Open			Sep 10, 2018	$1.13B	0.810%	Above Average	$1,000	$136.46M
FCAHX	Franklin California High Yield Municipal Fund Class C	Level Load	Open			May 1, 1996	$61.69M	1.200%	Low	$1,000	−$9.50M
FCAQX	Franklin California High Yield Municipal Fund Class R6	Retirement, Large	Open			Aug 1, 2017	$147.79M	0.510%	Average	$0	$90.25M

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