FCAHX is a mutual fund that focuses on investing in high-yield municipal bonds in the state of California. This fund, managed by Franklin Templeton Investments, aims to provide investors with a steady stream of tax-free income while also preserving capital. As a Class C fund, it may have higher fees and expenses compared to other classes, but it also offers the potential for higher returns. FCAHX is a suitable option for investors seeking tax-exempt income from municipal bonds in California.