Franklin California Intermediate-Term Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 01/31/2020

Month EndAs of 01/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/21/1992
Fund without Sales Charge (%) (NAV) 6.19 3.69 2.43 3.96 4.68
Fund with Sales Charge (%) (POP) 3.80 2.90 1.96 3.72 4.59
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 8.89 5.12 3.53 4.97 5.48
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/21/1992
Fund without Sales Charge (%) (NAV) 5.29 3.36 2.52 3.87 4.63
Fund with Sales Charge (%) (POP) 2.92 2.58 2.05 3.64 4.55
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 7.67 4.77 3.52 4.85 5.43

After-Tax Average Annual Total Returns [further-information] As of 01/31/2020

Month EndAs of 01/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.20 3.69 2.43 3.96
Fund without Sales Charge (%) (NAV) After Shares Sold 4.73 3.45 2.48 3.79
Fund with Sales Charge (%) (POP) Before Shares Sold 3.80 2.90 1.96 3.72
Fund with Sales Charge (%) (POP) After Shares Sold 3.29 2.83 2.11 3.60
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.29 3.36 2.52 3.87
Fund without Sales Charge (%) (NAV) After Shares Sold 4.21 3.20 2.56 3.74
Fund with Sales Charge (%) (POP) Before Shares Sold 2.92 2.58 2.05 3.64
Fund with Sales Charge (%) (POP) After Shares Sold 2.78 2.60 2.19 3.54

Calendar Year Returns

2019 2018
Fund without Sales Charge (%) (NAV) 5.29 0.90
Fund with Sales Charge (%) (POP) 2.92 -1.37
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 7.67 1.11

Cumulative Total Returns [further-information] As of 01/31/2020

Month EndAs of 01/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/21/1992
Fund without Sales Charge (%) (NAV) 1.89 1.60 6.19 11.48 12.75 47.42 249.61
Fund with Sales Charge (%) (POP) -0.41 -0.69 3.80 8.97 10.22 44.10 241.75
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 2.32 1.79 8.89 16.14 18.95 62.49 330.61
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/21/1992
Fund without Sales Charge (%) (NAV) 0.39 5.29 5.29 10.44 13.25 46.24 244.12
Fund with Sales Charge (%) (POP) -1.87 2.92 2.92 7.95 10.70 42.95 236.38
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 0.69 7.67 7.67 14.99 18.87 60.56 323.03

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 2.08 2.78 3.44
Standard Deviation (Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index) 2.63 3.11 3.77
Alpha -0.58 -0.76 -0.49
Beta 0.77 0.87 0.89
Sharpe Ratio 0.98 0.49 0.99
Information Ratio -1.78 -1.49 -1.12
Tracking Error 0.80 0.74 0.90
R-Squared 0.94 0.95 0.95

ADDITIONAL RISK STATISTICSAs of 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 0.71 0.77 0.91
Beta Bear 0.43 0.95 0.83
Bull Bear Capture Ratio 0.86 0.84 0.90
% of Positive Months 75.00 73.33 69.17
Gains/Losses 3.28 2.00 2.39
Maximum Drawdown
1.70 5.00 5.46

SALES CHARGE, EXPENSES & FEES As of 11/01/2019 (updated annually)

Gross Expense Ratio 0.80%
Net Expense Ratio [further-information] 0.74%
Max Initial Sales Charge 2.25%
CDSC 0.75%

Volatility Measures [further-information] As of 01/31/2020 Updated Monthly, based on a 3-year period

Beta 0.77
Sharpe Ratio 0.98
Standard Deviation 2.08

Benchmarks

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

  • Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index