# Franklin California High Yield Municipal Fund

Franklin California High Yield Municipal Fund is a registered fund series of Franklin Municipal Securities Trust (series S000006860). Net assets $3.3B as of 2026-05-31.

## Profile

- Series ID: S000006860
- Registrant: Franklin Municipal Securities Trust
- LEI: 549300WH5SJKCPH6N973
- Net assets: $3.3B
- Total assets: $3.3B
- As of: 2026-05-31

## Advisers

- [Franklin Advisers, Inc. (Advisor)](https://search.stillhousedata.com/firm/104517)

## Top holdings (200 reported)

_Showing 15 of 200 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [San Joaquin Hills Transportation Corridor Agency](https://search.stillhousedata.com/security/798111EC0) | — | $41.8M | 127.35% |
| [Grand Canyon University](https://search.stillhousedata.com/security/38528UAE6) | — | $40.8M | 124.05% |
| [M-S-R Energy Authority](https://search.stillhousedata.com/security/55374SAF7) | — | $39.8M | 121.23% |
| [Foothill-Eastern Transportation Corridor Agency](https://search.stillhousedata.com/security/345105HX1) | — | $39.7M | 120.95% |
| [California Statewide Communities Development Authority](https://search.stillhousedata.com/security/13080SML5) | — | $35.8M | 108.83% |
| [San Francisco City & County Airport Comm-San Francisco International Airport](https://search.stillhousedata.com/security/79766DSA8) | — | $34.8M | 105.79% |
| [Los Angeles Housing Authority](https://search.stillhousedata.com/security/544562DR9) | — | $32.2M | 97.97% |
| [CMFA Special Finance Agency](https://search.stillhousedata.com/security/12574WAK6) | — | $28.1M | 85.63% |
| [Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue](https://search.stillhousedata.com/security/74529JRL1) | — | $27.6M | 83.91% |
| [San Diego Unified School District](https://search.stillhousedata.com/security/797355P32) | — | $26.0M | 79.15% |
| [CMFA Special Finance Agency XII](https://search.stillhousedata.com/security/12574XAB4) | — | $25.1M | 76.37% |
| [California Health Facilities Financing Authority](https://search.stillhousedata.com/security/13032UMP0) | — | $24.0M | 73.00% |
| [San Joaquin Valley Clean Energy Authority](https://search.stillhousedata.com/security/79811YAK4) | — | $23.6M | 71.70% |
| [California Municipal Finance Authority](https://search.stillhousedata.com/security/13048VCD8) | — | $22.3M | 67.90% |
| [Golden State Connect Authority](https://search.stillhousedata.com/security/38121BAA7) | — | $21.8M | 66.37% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-05-31 | $3.3B |
| 2026-02-28 | $3.3B |
| 2025-11-30 | $3.1B |
| 2025-08-31 | $2.9B |
| 2025-05-31 | $2.9B |
| 2025-02-28 | $3.0B |
| 2024-11-30 | $2.9B |
| 2024-08-31 | $2.8B |

## More

- [Registrant: Franklin Municipal Securities Trust](https://search.stillhousedata.com/registrant/881309)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000006860.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.