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Franklin CA High Yield Municipal A (FCAMX) Fund Ranking and Research

Ranking, Research and Recommendation of Franklin CA High Yield Municipal A (FCAMX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Franklin CA High Yield Municipal A Fund (FCAMX) ManagerFund Manager - John S. Wiley

Fund Manager Information

Fund Manager Tenure: 26.6 years
Similar Funds: FCAHX 
Fund Family: Franklin Templeton Investments
Fund Category: Muni California Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: A (Score: 0.71)     (What does this score mean?)
Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.  Get more insights on John S. Wiley

 

Graph of Franklin CA High Yield Municipal A Fund (FCAMX) ProfileFranklin CA High Yield Municipal A Fund (FCAMX) Profile

Fund Profile and Description

Franklin CA High Yield Municipal A Fund seeks a high level of income exempt from federal and California personal income taxes. Capital appreciation is a secondary consideration. Franklin CA High Yield Municipal A Fund normally invests at least 80% of net assets in municipal securities whose interest is free from regular federal income taxes and from California personal income taxes. It may invest up to 20% of net assets in securities that pay taxable interest. Franklin CA High Yield Municipal A Fund also may have up to 100% of assets in securities that pay interest subject to the federal alternative minimum tax. It may invest up to 35% of assets in municipal securities issued by U.S. territories.

 

Franklin CA High Yield Municipal A (FCAMX) Fund Strength What we like about Franklin CA High Yield Municipal A (FCAMX) Fund

Data for Franklin CA High Yield Municipal A Fund (FCAMX) as of May 30, 2016

  • Franklin CA High Yield Municipal A Fund (FCAMX) management has been with Franklin CA High Yield Municipal A Fund for 26.6 years
  • Franklin CA High Yield Municipal A Fund (FCAMX) has good short-term performance (1-year return 8.37% vs 6.63% Muni California Long category median performance)
  • Franklin CA High Yield Municipal A Fund (FCAMX) has good mid-term performance (3-year return 6.05% vs 4.68% Muni California Long category median performance)
  • Franklin CA High Yield Municipal A Fund (FCAMX) has good Long-term performance (5-year return 8.83% vs 6.44% Muni California Long category median performance)
  • Franklin CA High Yield Municipal A Fund (FCAMX) ratio of up-years vs down years is greater than 2
  • Franklin CA High Yield Municipal A Fund (FCAMX) has a Morningstar rating of 4 and above
  • Asset base in Franklin CA High Yield Municipal A Fund (FCAMX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Franklin CA High Yield Municipal A Fund (FCAMX) has an annual stock turnover rate of 11.98% vs Muni California Long average of 19.12%. It is good that Franklin CA High Yield Municipal A management does not trade extensively for its return.
  • Franklin CA High Yield Municipal A Fund (FCAMX) has a lower expense ratio than its Muni California Long average: 0.63% vs 0.88%

Franklin CA High Yield Municipal A Fund (FCAMX) Weakness What we are cautious about Franklin CA High Yield Municipal A (FCAMX) Fund

Data for Franklin CA High Yield Municipal A Fund (FCAMX) as of May 30, 2016

  • Franklin CA High Yield Municipal A Fund (FCAMX) is more volatile than its peers as it has a 3-year Standard Deviation of 4.79 that is higher than category average of 4.35
  • Franklin CA High Yield Municipal A Fund (FCAMX) carries a 4.25% load
See Franklin CA High Yield Municipal A Fund (FCAMX) performance details as of May 30, 2016

 

What do you think?

 

Compare Franklin CA High Yield Municipal A Fund (FCAMX)Compare with other top Muni California Long category mutual funds

Aadditional top Muni California Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Franklin CA High Yield Municipal A4.218.376.058.83
American Century CA Hi-Yld Muni Inv (BCHYX)4.258.696.057.62Compare
Invesco CA Tax-Free Income Y (CLFDX)3.587.595.247.01Compare
Nuveen CA Municipal Bond A (NCAAX)3.718.316.057.83Compare

See top fund managers for Muni California Long Category Funds

 

Compare Franklin CA High Yield Municipal A Fund (FCAMX)Compare with Muni California Long category ETFs

Some Muni California Long ETFs for your consideration

ETFYear to DateOne YearThree Year
SPDR Nuveen Barclays CA Muni Bd ETF (CXA)3.30%7.63%5.25%

 

Graph of Franklin CA High Yield Municipal A Fund (FCAMX) Net Asset TrackingFranklin CA High Yield Municipal A (FCAMX) Fund Net Asset

Track net asset change of Franklin CA High Yield Municipal A fund (FCAMX)

DateNet Asset
05/2016$2.41B
03/2016$2.36B
02/2016$2.29B
More historic net asset information on Franklin CA High Yield Municipal A Fund (FCAMX)

  

Graph of Franklin CA High Yield Municipal A Fund (FCAMX) Portfolio TrackingFranklin CA High Yield Municipal A (FCAMX) Fund Portfolio Allocation

Track portfolio allocation change of Franklin CA High Yield Municipal A fund (FCAMX)

DateCashStockBondOther
03/20164.7%0.03%95.27%0%
12/20157.16%0.03%92.81%0%
09/20157.24%0.03%92.73%0%
Click here to see more historic asset allocation information on Franklin CA High Yield Municipal A Fund (FCAMX)

 

graph of Franklin CA High Yield Municipal A Fund (FCAMX) Top 10 Position TrackingTop 10 Holdings in Franklin CA High Yield Municipal A (FCAMX) Fund

Discover what Franklin CA High Yield Municipal A Fund (FCAMX) manager is buying

Mar 30, 2016
Foothill / Eastern Transn Corr Ref 6.5% [2.02%]
M-S-R Engy Auth 6.5% [1.94%]
Golden St Tob Securitization C Enh 0.01% [1.82%]
San Joaquin Hills Calif Transn Jr 5.25% [1.66%]
Los Angeles Calif Dept Wtr & P Wat 0.01% [1.4%]
California St Var Rev B 0.15% [1.3%]
California Health Facs Fing Au Rev Bd 5% [1.25%]
California St Var Rev B 0.17% [1.22%]
San Joaquin Hills Calif Transn Rev Ref B [1.11%]

Dec 30, 2015
Foothill / Eastern Transn Corr Ref 6.5% [2.1%]
M-S-R Engy Auth 6.5% [2.02%]
Golden St Tob Securitization C Enh 0.01% [1.88%]
San Joaquin Hills Calif Transn Jr 5.25% [1.72%]
California Statewide Cmntys De Rev 5.25% [1.68%]
Los Angeles Calif Dept Wtr & P Wat 0.01% [1.3%]
California St Var Rev B 0.01% [1.28%]
San Joaquin Hills Calif Transn Rev Ref B [1.12%]
Golden St Tob Securitization C Tobacc 5% [1.01%]

Sep 29, 2015
Foothill / Eastern Transn Corr Ref 6.5% [2.18%]
M-S-R Engy Auth 6.5% [1.99%]
Golden St Tob Securitization C Enh 0.01% [1.9%]
California Statewide Cmntys De Rev 5.25% [1.77%]
San Joaquin Hills Calif Transn Jr 5.25% [1.72%]
Los Angeles Calif Dept Wtr & P Wat 0.01% [1.36%]
California St Var Rev B 0.01% [1.34%]
San Joaquin Hills Calif Transn Rev Ref B [1.13%]
Golden St Tob Securitization C Tobacc 5% [1%]
Click here for Stock Holding Change Map in Franklin CA High Yield Municipal A Fund (FCAMX)

  

Latest News on Franklin CA High Yield Municipal A (FCAMX) Fund

See what is happening with Franklin CA High Yield Municipal A Fund (FCAMX)

 

Franklin CA High Yield Municipal A Fund (FCAMX) Related ResourcesSee more information on Franklin CA High Yield Municipal A (FCAMX) Fund

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