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Morningstar

Franklin CA High Yield Municipal Adv FVCAX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 9.73  /  +0.11 %
  • Total Assets 2.6 Bil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Average
  • Share Class Type No Load
  • Category Muni California Long
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 4.18%
  • Effective Duration 7.65 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis FVCAX

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

  • People Pillar

    The People Pillar is our evaluation of the FVCAX 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 FVCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Franklin CA High Yield Municipal Adv's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FVCAX

More FVCAX 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 5.25%

3.48 90.1 Mil
municipal

CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 5.25%

1.82 47.1 Mil
municipal

Grand Canyon University 5.125%

1.63 42.3 Mil
Corporate

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

1.62 42.0 Mil
municipal

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

1.46 37.9 Mil
municipal

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

1.40 36.2 Mil
municipal

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

1.33 34.3 Mil
municipal

PUERTO RICO ELEC PWR AUTH PWR REV 7.125%

1.27 33.0 Mil
municipal

CMFA SPL FIN AGY CALIF ESSENTIAL HSG REV 4.5%

1.22 31.4 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 5%

1.00 25.8 Mil
municipal