FCAHX - Franklin California High Yield Municipal Fund

Nasdaq - Nasdaq Delayed Price. Currency in USD

Franklin California High Yield Municipal Fund

San Mateo, CA 94403-1906

One Franklin Parkway

Franklin Municipal Securities Trust

Management information
Christopher S. Sperry,Lead manager since 31 October 2004
Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.
Morningstar style box
Yahoo partners with Morningstar, a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box, which identifies a fund's investment focus, based on the underlying securities in the fund.
Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryMuni California Long
Fund familyFranklin Templeton Investments
Net assets2.54B
YTD return1.66%
Yield3.20%
Morningstar rating★★★
Inception date2 May 1993

Fund operations

Last dividend0.14
Last cap gain-10.00
Holdings turnover18.77%
Average for categoryN/A

Fees and expenses

ExpenseFCAHXCategory average
Annual report expense ratio (net)0.66%0.79%
Prospectus net expense ratio0.66%N/A
Prospectus gross expense ratio0.66%N/A
Max 12b1 feeN/AN/A
Max front end sales loadN/A3.72%
Max deferred sales loadN/A1.30%
3-yr expense projection0N/A
5-yr expense projection0N/A
10-yr expense projection0N/A