Morningstar

Franklin California High Yield Municipal Fund Advisor Class FVCAX

Morningstar Medalist Rating
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Medalist Rating as of See Franklin Templeton Investment Hub
  • NAV / 1-Day Return $9.28  /  +0.22 %
  • Fund Size $3.1B
  • Adjusted Expense Ratio 0.560%
  • Net Expense Ratio 0.560%
  • Fee Level: Distribution Above Average
  • Share Class Type No Load
  • Morningstar Category Muni California Long
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 4.76%
  • Average Effective Duration 8.46 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis FVCAX

Will FVCAX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Franklin CA High Yield Municipal 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.

by Morningstar Automated Analysis
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 9.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

1.30 40M
municipal

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

1.20 37M
municipal

Grand Canyon University 5.125%

1.18 36M
Corporate

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

1.10 34M
municipal

LOS ANGELES CALIF HSG AUTH MULTIFAMILY HSG REV 6%

0.98 30M
municipal

CASH OR CURRENCY

0.88 27M
Cash and Equivalents

CMFA SPL FIN AGY CALIF ESSENTIAL HSG REV 4.5%

0.86 26M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.784%

0.83 26M
municipal

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

0.77 24M
municipal

SAN DIEGO CALIF UNI SCH DIST 0%

0.77 24M
municipal

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