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 06/30/2020

Month EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 4.45 4.38 4.36 4.92 5.54
Fund with Sales Charge (%) (POP) 0.60 3.07 3.56 4.53 5.44
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 4.45 4.38 4.36 4.92 5.54
Fund with Sales Charge (%) (POP) 0.60 3.07 3.56 4.53 5.44

After-Tax Average Annual Total Returns [further-information] As of 06/30/2020

Month EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.45 4.38 4.36 4.92
Fund without Sales Charge (%) (NAV) After Shares Sold 3.91 4.17 4.19 4.75
Fund with Sales Charge (%) (POP) Before Shares Sold 0.60 3.07 3.56 4.53
Fund with Sales Charge (%) (POP) After Shares Sold 1.58 3.13 3.54 4.42
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.45 4.38 4.36 4.92
Fund without Sales Charge (%) (NAV) After Shares Sold 3.91 4.17 4.19 4.75
Fund with Sales Charge (%) (POP) Before Shares Sold 0.60 3.07 3.56 4.53
Fund with Sales Charge (%) (POP) After Shares Sold 1.58 3.13 3.54 4.42

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 06/30/2020

Month EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 02/01/1977
Fund without Sales Charge (%) (NAV) 3.18 1.77 4.45 13.74 23.81 61.72 937.96
Fund with Sales Charge (%) (POP) -0.67 -2.07 0.60 9.49 19.13 55.74 899.00
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 02/01/1977
Fund without Sales Charge (%) (NAV) 3.18 1.77 4.45 13.74 23.81 61.72 937.96
Fund with Sales Charge (%) (POP) -0.67 -2.07 0.60 9.49 19.13 55.74 899.00

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 5.21 4.93 5.05
Standard Deviation (Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index) 3.89 3.81 4.07
Sharpe Ratio 0.53 0.66 0.86
Information Ratio 0.04 0.29 0.18
Tracking Error 1.57 1.44 1.49

ADDITIONAL RISK STATISTICSAs of 06/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.20 1.19 1.09
Beta Bear 1.58 1.43 1.30
Bull Bear Capture Ratio 0.87 0.95 0.92
Gains/Losses 1.99 2.10 2.13

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 06/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.53
Standard Deviation 5.21

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