Franklin California High Yield Municipal Fund Class A1 (FCAMX)
Franklin California High Yield Municipal Fund Class A1 operates in the Asset Management industry of the Financial Services sector, headquartered in San Mateo, CA, US. The stock last traded at $9.63, up 0.00% on the session, giving a market capitalisation of $3.36B. On trailing twelve-month figures it carries a trailing P/E of -12.19, a net margin of -206.7%. Its beta of 1.10 implies it has historically moved more than the broad market.
At least 80% of the fund's net assets are dedicated to municipal debt instruments, which provide interest income free from typical federal and California personal income taxation. The fund also has the flexibility to allocate up to 100% of its assets to securities whose interest income is subject to the federal alternative minimum tax (AMT). Additionally, investments in municipal bonds originating from U.S. territories can comprise up to 35% of the fund's total assets.
Franklin California High Yield Municipal Fund Class A1 is most often compared with the following Financial Services names: