Franklin California Municipal Income ETF
$7.10−0.04 (−0.56%)
- 0.35%
- $769M
- +1.1%
- 703K sh
- low $6.75high $7.47
The ETF.net FTCA Grade
C
Score 54 out of 100
- 41 of 63
Score 54 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D35 out of 100Rank 37 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.A86 out of 100Rank 40 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 28 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 26 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D31 out of 100Rank 58 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 19 of 63
Our read on FTCA
In short
CRoots back to 1983 and one job since: California muni income the fund seeks to keep exempt from both the federal and the state tax bill. About 300 investment-grade bonds, maturities of three years and up.
Stated mandate
The fund seeks high current income exempt from federal and California personal income taxes while preserving capital. It primarily invests in investment-grade municipal bonds with maturities of at least three years.
Why people hold it
Worth knowing
FTCA Holdings
- Bonds
- 333
- 26%
- PGLXX
Sectors
- Municipal100.0%
Geography
- United States99.66%
- Puerto Rico0.34%
FTCA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
FTCA$10,108
Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FTCA |
|---|---|
| Year to date | +0.9% |
| 1 month | +5.0% |
| 3 months | −0.9% |
| 1 year | +1.1% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FTCA |
|---|---|---|
| 2026 YTD | +0.9% | |
| 2025 | +0.1% |
FTCA in the news
FTCA Dividends
- $0.02 per share
- Monthly
Distribution data unavailable.
Distribution history
$10,000 in FTCA 1 year ago paid $403 in dividends.
FTCA Risk
- 7.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.49
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −8.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.15
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
FTCA Cost
Overpaying vs VTEB, tied cheapest in Other Municipal Bond
$6,488
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FTCA 0.35%
$7,126
VTEB 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | FTCA | VTEB | Overpaying |
|---|---|---|---|
| 10 | $634 | $55 | $579 |
| 20 | $2,454 | $216 | $2,238 |
| 30 | $7,126 | $638 | $6,488 |
Other funds in Other Municipal Bond
- BFTPAFranklin Pennsylvania Municipal Income ETFExpense ratio 0.35%1 year return
- BMUNXAMG GW&K Muni Income ETFExpense ratio 0.29%1 year return +1.4%
- CFTMNFranklin Minnesota Municipal Income ETFExpense ratio 0.35%1 year return
- CFTMAFranklin Massachusetts Municipal Income ETFExpense ratio 0.35%1 year return
- CPZTInvesco New York AMT-Free Municipal Bond ETFExpense ratio 0.28%1 year return +0.1%
