Franklin CA Tax Free Income Adv holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.
Franklin California Tax Free Income Fund Advisor Class FCAVX
- NAV / 1-Day Return 6.76 / −0.15 %
- Total Assets 13.2B
-
Adj. Expense Ratio
0.510%
- Expense Ratio 0.520%
- Distribution Fee Level Average
- Share Class Type No Load
- Category Muni California Long
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 0
- Status Open
- TTM Yield 3.87%
- Effective Duration 7.99 years
USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 2:22 AM GMT+0
Morningstar’s Analysis FCAVX
Will FCAVX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the FCAVX 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 FCAVX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 14.6
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
CALIFORNIA HEALTH FACS FING AUTH REV 4% | 2.99 | 391M | municipal |
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | 1.58 | 207M | municipal |
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | 1.41 | 184M | municipal |
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | 1.41 | 184M | municipal |
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | 1.40 | 183M | municipal |
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5.95% | 1.39 | 182M | municipal |
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 4% | 1.39 | 181M | municipal |
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5.9% | 1.04 | 136M | municipal |
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | 1.00 | 130M | municipal |
SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 4% | 0.99 | 129M | municipal |
United States