Franklin CA Tax-Free Inc Adv (FCAVX)
* As of 30-Nov-13
Quotes delayed, except where indicated otherwise. Currency in USD.
- No Headlines available for FCAVX at this time.
|Symbol||% Assets||YTD Return %|
|Foothill / Eastern Transn Corr Tol 5.75%||2.99||N/A|
|San Joaquin Hills Calif Transn Rev 5.5%||1.84||N/A|
|California Statewide Cmntys De Rev 5.25%||1.39||N/A|
|California Health Facs Fing Au Rev Bd 5%||1.11||N/A|
|California St G O Bds 6%||0.89||N/A|
|Morningstar Overall Rating:|
|Category:||Muni California Long|
|Annual Report Expense Ratio (net):||0.48%|
Performance & Risk
|5y Avg Return:||7.07%|
|Rank in Category (ytd):||66|
|% Rank in Category (ytd):||45.52%|
|Morningstar Risk Rating:||3|
The investment seeks to provide investors with as high a level of income exempt from federal income taxes.
The fund invests at least 80% of its total assets in investment grade municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from California personal income taxes. It is possible that up to 20% of its assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay taxable interest. The fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories. View More