Mutual Fund Search



Mutual Fund Search

Your goal is to find a mutual fund that has the following characteristics:

• 5 year rate of return – minimum of 5%

• Low initial investment – maximum of $2500

• Low expenses and fees – no load and under 1% expenses

There are numerous “Fund families” to choose from, but here are a couple that you can use. Choose others is you wish.

• Fidelity –

• Vanguard –

• Janus –

• Dreyfus –

• Franklin Templeton –

Choose a fund that meets the above criteria. Complete the following information about that fund.

Fund name - Franklin California High Yield Municipal Fund

Symbol - FCAMX

Type of Fund – Tax Free Income

Morningstar Rating and Category – 5 Star, Muni California Long

12 month Hi-Low – High-10.93 Low-10.52

Current NAV – 10.69

YTD Return – 2.98%

1 year Return – 1.86%

5 year Avg annual return – 6.43%

10 yr avg annual return – 4.72%

Expenses and Fees – .63%

Holdings (top 5) – San Joaquin Hills Transportation Corridor Agency Toll Road Revenue, Refunding

Foothill/Eastern Transportation Corridor Agency Toll Road Revenue, junior lien, Refunding,

M-S-R Energy Authority Gas Revenue

Golden State Tobacco Securitization Corp. Enhanced Tobacco Settlement Revenue

California Statewide CDA Revenue, Kaiser Permanente

Minimum Initial Investment – $10,550

1. Why might you choose a mutual fund over a stock or bond?

People who are trained in this profession handle where all of your money is put, so you can get the most money back. Mutual funds are a combination of a stock and bond.

2. Using the 10 year average return rate what would be your return on your fund if you had invested $5,000 for the last 10 years? Remember mutual funds are compounded annually at least.

$7,929.87

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