Franklin California Intermediate-Term Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/21/1992
Fund without Sales Charge (%) (NAV) 2.37 2.41 2.57 3.56 4.58
Fund with Sales Charge (%) (POP) 0.07 1.64 2.10 3.33 4.50
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 4.59 4.02 3.82 4.59 5.41
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/21/1992
Fund without Sales Charge (%) (NAV) 1.80 2.44 2.00 3.57 4.54
Fund with Sales Charge (%) (POP) -0.49 1.66 1.53 3.34 4.45
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 4.21 4.05 3.19 4.61 5.36

After-Tax Average Annual Total Returns [further-information] As of 05/31/2020

Month EndAs of 05/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 2.37 2.41 2.57 3.56
Fund without Sales Charge (%) (NAV) After Shares Sold 2.34 2.45 2.59 3.47
Fund with Sales Charge (%) (POP) Before Shares Sold 0.07 1.64 2.10 3.33
Fund with Sales Charge (%) (POP) After Shares Sold 0.96 1.85 2.22 3.27
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.80 2.44 2.00 3.57
Fund without Sales Charge (%) (NAV) After Shares Sold 2.09 2.49 2.15 3.49
Fund with Sales Charge (%) (POP) Before Shares Sold -0.50 1.66 1.53 3.34
Fund with Sales Charge (%) (POP) After Shares Sold 0.71 1.89 1.79 3.30

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 05/31/2020

Month EndAs of 05/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/21/1992
Fund without Sales Charge (%) (NAV) -2.04 0.51 2.37 7.41 13.53 41.89 245.86
Fund with Sales Charge (%) (POP) -4.24 -1.75 0.07 4.99 10.97 38.70 238.08
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) -1.29 1.78 4.59 12.55 20.60 56.63 330.56
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/21/1992
Fund without Sales Charge (%) (NAV) -1.36 -1.36 1.80 7.49 10.39 42.05 239.45
Fund with Sales Charge (%) (POP) -3.58 -3.58 -0.49 5.07 7.90 38.86 231.81
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) -0.49 -0.49 4.21 12.66 16.99 56.91 320.96

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.51 3.50 3.75
Standard Deviation (Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index) 3.89 3.81 4.07
Alpha -1.21 -0.86 -0.62
Beta 0.88 0.90 0.90
Sharpe Ratio 0.32 0.48 0.81
Information Ratio -1.83 -1.48 -1.18
Tracking Error 0.85 0.79 0.88
R-Squared 0.96 0.96 0.96

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

3 YR 5 YR 10 YR
Beta Bull 0.79 0.80 0.90
Beta Bear 1.10 1.06 0.89
Bull Bear Capture Ratio 0.81 0.86 0.88
Gains/Losses 1.91 1.96 2.11

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 1.00%

Volatility Measures [further-information] As of 06/30/2020 Updated Monthly, based on a 3-year period

Beta 0.88
Sharpe Ratio 0.32
Standard Deviation 3.51

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