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Franklin CA Tax Free Income Adv FCAVX

Analyst rating as of
NAV / 1-Day Return
7.64  /  0.51 %
Total Assets
17.2 Bil
Adj. Expense Ratio
0.510%
Expense Ratio
0.510%
Fee Level
Below Average
Longest Manager Tenure
29.57 years
Category
Muni California Long
Credit Quality / Interest Rate Sensitivity
Medium / Extensive
Min. Initial Investment
100,000
Status
Open
TTM Yield
2.97%
Effective Duration
7.53 years
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Morningstar’s Analysis

Will FCAVX outperform in future?

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

The new head of Franklin’s municipal platform has made multiple changes.

Summary

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The reorganization of personnel supporting Franklin California Tax Free Income will not impede its income-focused approach, but more time is needed to evaluate how these adjustments plus process changes will play out. Most share classes for this strategy retain a Morningstar Analyst Rating of Neutral, while the most expensive C share class is rated Negative.

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