Franklin California Municipal Income ETF (FTCA)

Franklin California Municipal Income ETF (FTCA) is an exchange-traded fund in the Muni California Long category. It has $544.25M in assets, an expense ratio of 0.35% and a 3.95% dividend yield. The fund invests mainly in bonds that pay interest that is exempt from federal income tax and California personal income tax (but that may be subject to federal alternative minimum tax), are investment-grade in quality, and have intermediate- to long-term maturities (i.e., three years or longer). The adviser may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments.