Franklin California Tax-Free Income Fund

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

New investors must invest in new Class A shares. This A1 share class is available only for existing investors as of 9/7/18.

Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 1.74 3.23 3.15 4.45 5.44
Fund with Sales Charge (%) (POP) -2.07 1.91 2.37 4.04 5.35
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 2.65 3.44 3.08 4.29
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 4.14 4.03 3.31 4.79 5.49
Fund with Sales Charge (%) (POP) 0.23 2.71 2.51 4.39 5.40
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 4.21 4.05 3.19 4.61

After-Tax Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.74 3.23 3.15 4.45
Fund without Sales Charge (%) (NAV) After Shares Sold 2.34 3.30 3.26 4.38
Fund with Sales Charge (%) (POP) Before Shares Sold -2.07 1.91 2.37 4.04
Fund with Sales Charge (%) (POP) After Shares Sold 0.03 2.28 2.64 4.04
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.14 4.03 3.31 4.79
Fund without Sales Charge (%) (NAV) After Shares Sold 3.84 3.92 3.37 4.66
Fund with Sales Charge (%) (POP) Before Shares Sold 0.23 2.71 2.51 4.39
Fund with Sales Charge (%) (POP) After Shares Sold 1.47 2.88 2.74 4.33

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 9.17 0.31 6.08 0.81 3.61 13.54 -3.85 10.16 11.34 1.98
Fund with Sales Charge (%) (POP) 5.11 -3.92 1.64 -3.43 -0.85 8.68 -7.88 5.43 6.60 -2.39
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 7.67 1.11 5.63 -0.14 3.51 9.96 -1.76 8.15 12.28 2.97

Cumulative Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 02/01/1977
Fund without Sales Charge (%) (NAV) -5.18 -2.96 1.74 9.99 16.78 54.51 889.73
Fund with Sales Charge (%) (POP) -8.69 -6.62 -2.07 5.85 12.44 48.63 852.59
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) -3.29 -1.56 2.65 10.68 16.38 52.22
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 02/01/1977
Fund without Sales Charge (%) (NAV) -1.37 -1.37 4.14 12.60 17.68 59.68 906.01
Fund with Sales Charge (%) (POP) -5.09 -5.09 0.23 8.34 13.21 53.74 868.25
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) -0.49 -0.49 4.21 12.66 16.99 56.91

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.88 4.72 4.95
Standard Deviation (Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index) 3.57 3.56 3.96
Sharpe Ratio 0.32 0.43 0.78
Information Ratio -0.13 0.06 0.12
Tracking Error 1.53 1.45 1.48

ADDITIONAL RISK STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.31 1.29 1.10
Beta Bear 1.60 1.37 1.29
Bull Bear Capture Ratio 0.87 0.91 0.91
% of Positive Months 66.67 70.00 69.17
Gains/Losses 1.73 1.76 2.02
Maximum Drawdown
6.94 6.94 8.62

SALES CHARGE, EXPENSES & FEES As of 08/01/2019 (updated annually)

Gross Expense Ratio 0.61%
Net Expense Ratio [further-information] 0.61%
Max Initial Sales Charge 3.75%
CDSC 1.00%

Volatility Measures [further-information] As of 04/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.32
Standard Deviation 4.88

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index