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 www.fidelity.com
Vanguard www.vanguard.com
Janus https://ww4.janus.com/Janus/Retail/HomePage
Dreyfus www.dreyfus.com
Franklin Templeton www.franklintempleton.com

1. Choose a fund that meet the above criteria AND that fits your Investment strategy/style.
Complete the following information about that fund.

Fund name - Franklin California High Yield Municipal
Fund

Symbol - FCAMX
Type of Fund High yield, high cap, lower rated securities, tax free income,
Morningstar Rating and Category 5 star Muni California Long
12 month Hi-Low $9.55-10.51
Current NAV $10.50
YTD Return 11.26%
1 year Return 7.32%
5 year Avg annual return 9.84%
10 yr avg annual return 5.59%
Expenses and Fees 0.61%
Holdings (top 5)
Foothill/Eastern Transn Corr Ref 6.5%
M-S-R Engy Auth 6.5%
San Joaquin Hills Calif Transn Sr Lie 5%
California Statewide Cmntys De Rev 5.25%
California St Var Rev B .26%
10.99 % of assets in top 5 holdings
Minimum Initial Investment $1000

2. Why might you choose a mutual fund over a stock or bond?
One might choose a mutual fund over a stock or a bond because mutual funds offer a high
level of diversity in that the fund may include many different types of securities. It is much
less risky than investing in stocks because of this diversification. It may also offer higher
returns than bonds. Thus, because of the level of financial diversification mutual funds offer,
they may be a very good investment for some investors.