---
ticker: "FTCA"
name: "Franklin California Municipal Income ETF"
url: "https://etf.net/etf/FTCA"
grade: "C"
score: 53
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "44 of 63"
methodology: "https://etf.net/methodology"
---

# FTCA: Franklin California Municipal Income ETF

Grade **C**, Score 53 of 100. Rank 44 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 41 | 33 of 63 |
| Mission | 80 | 43 of 59 |
| Risk | 46 | 35 of 63 |
| Tradability | 58 | 24 of 63 |
| Holdings | 20 | 61 of 63 |
| Durability | 68 | 21 of 63 |

## Top holdings

The fund holds 304 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | PGLXX | Putnam Govt Mmkt Fnd-P | 18.82% |
| 2 | — | San Diego Unif’s 5.5 7/56 | 4.68% |
| 3 | VTEC | Vanguard Ca Tax-Ex Bond | 3.69% |
| 4 | — | Ca Cmnty Choice-E 5 7/35 | 2.44% |
| 5 | — | Ca Comnty Choic 5.5 12/33 | 1.53% |
| 6 | — | Ca Poll Cntrl-Amt 5 11/45 | 1.36% |
| 7 | — | Frete 2019-ML05 Aca 11/33 | 1.32% |
| 8 | — | Chabot-Las Posi 5.25 8/48 | 1.04% |
| 9 | — | Ca Cmnty Choice Frn 5/54 | 1.00% |
| 10 | — | Los Angeles Ca Dep 5 7/46 | 0.98% |
| 11 | — | Msr Energy 6.5 11/39 | 0.97% |
| 12 | — | San Diego Hsg Au 4.2 6/40 | 0.96% |
| 13 | — | Ca Muni Fin Auth 4.2 8/40 | 0.95% |
| 14 | — | Sweetwater Un Hsd- 5 8/52 | 0.94% |
| 15 | — | California St Muni 3 5/51 | 0.90% |
| 16 | — | California St 5 10/45 | 0.82% |
| 17 | — | Ca Mun Fin Auth 5 11/42 | 0.80% |
| 18 | — | Alameda Ca Co Multi 10/49 | 0.80% |
| 19 | — | California St 5.25 11/52 | 0.79% |
| 20 | — | Ca Stwd Cmntys Dev 5 9/51 | 0.79% |
| 21 | — | Los Angeles Dept O 5 7/52 | 0.78% |
| 22 | — | Long Bch Nat Ga 5.5 11/28 | 0.75% |
| 23 | — | Southern Ca Pub P 5 11/33 | 0.73% |
| 24 | — | San Francisco Pub U 5.25 | 0.73% |
| 25 | — | Cerritos Ccd-B 5 8/51 | 0.73% |
| 26 | — | Ca Hlth Facs Fing-A 5.25 | 0.73% |
| 27 | — | Cscda Cmnty Impt A 3 2/57 | 0.71% |
| 28 | — | Ca Hlth Facs Fing 5 11/36 | 0.70% |
| 29 | — | California St Stwd 5 1/48 | 0.70% |
| 30 | — | California Cmnty H 3 8/56 | 0.69% |

Source: etf.net, https://etf.net/etf/FTCA. Please cite the page URL.