Franklin California Intermediate-Term 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 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) 6.26 3.74 2.46 3.97 4.70
Fund with Sales Charge (%) (POP) 3.89 2.96 1.99 3.73 4.61
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) 5.36 3.41 2.55 3.88 4.65
Fund with Sales Charge (%) (POP) 3.00 2.63 2.08 3.64 4.57
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 6.26 3.74 2.46 3.97
Fund without Sales Charge (%) (NAV) After Shares Sold 4.83 3.50 2.51 3.81
Fund with Sales Charge (%) (POP) Before Shares Sold 3.89 2.96 1.99 3.73
Fund with Sales Charge (%) (POP) After Shares Sold 3.40 2.90 2.14 3.61
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.36 3.41 2.55 3.88
Fund without Sales Charge (%) (NAV) After Shares Sold 4.31 3.25 2.59 3.75
Fund with Sales Charge (%) (POP) Before Shares Sold 3.00 2.63 2.08 3.64
Fund with Sales Charge (%) (POP) After Shares Sold 2.89 2.65 2.22 3.55

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 5.36 0.96 3.96 -0.12 2.68 8.34 -1.69 6.39 10.41 3.16
Fund with Sales Charge (%) (POP) 3.00 -1.35 1.64 -2.36 0.38 5.88 -3.90 4.02 7.87 0.83
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year 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 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) 1.93 1.61 6.26 11.64 12.93 47.57 251.33
Fund with Sales Charge (%) (POP) -0.38 -0.69 3.89 9.16 10.35 44.25 243.43
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) 0.43 5.36 5.36 10.58 13.41 46.35 245.76
Fund with Sales Charge (%) (POP) -1.84 3.00 3.00 8.11 10.86 43.04 237.99
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) 2.09 2.79 3.44
Standard Deviation (Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index) 2.63 3.11 3.77
Sharpe Ratio 0.99 0.50 0.99
Information Ratio -1.73 -1.46 -1.12
Tracking Error 0.79 0.73 0.89

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

Gross Expense Ratio 0.65%
Net Expense Ratio [further-information] 0.59%
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

Sharpe Ratio 0.99
Standard Deviation 2.09

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