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 03/31/2020

Month EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/21/1992
Fund without Sales Charge (%) (NAV) 1.86 2.49 2.03 3.58 4.56
Fund with Sales Charge (%) (POP) -0.39 1.73 1.57 3.35 4.47
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 4.21 4.05 3.19 4.61 5.36
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/21/1992
Fund without Sales Charge (%) (NAV) 1.86 2.49 2.03 3.58 4.56
Fund with Sales Charge (%) (POP) -0.39 1.73 1.57 3.35 4.47
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 03/31/2020

Month EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.86 2.49 2.03 3.58
Fund without Sales Charge (%) (NAV) After Shares Sold 2.19 2.55 2.19 3.50
Fund with Sales Charge (%) (POP) Before Shares Sold -0.39 1.73 1.57 3.35
Fund with Sales Charge (%) (POP) After Shares Sold 0.83 1.96 1.83 3.31
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.86 2.49 2.03 3.58
Fund without Sales Charge (%) (NAV) After Shares Sold 2.19 2.55 2.19 3.50
Fund with Sales Charge (%) (POP) Before Shares Sold -0.39 1.73 1.57 3.35
Fund with Sales Charge (%) (POP) After Shares Sold 0.83 1.96 1.83 3.31

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 03/31/2020

Month 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) -1.32 -1.32 1.86 7.66 10.58 42.19 241.19
Fund with Sales Charge (%) (POP) -3.56 -3.56 -0.39 5.28 8.11 38.99 233.52
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
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) -1.32 -1.32 1.86 7.66 10.58 42.19 241.19
Fund with Sales Charge (%) (POP) -3.56 -3.56 -0.39 5.28 8.11 38.99 233.52
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 03/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.18 3.29 3.67
Standard Deviation (Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index) 3.49 3.52 3.97
Sharpe Ratio 0.25 0.28 0.82
Information Ratio -1.93 -1.54 -1.16
Tracking Error 0.81 0.75 0.88

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 1.00%

Volatility Measures [further-information] As of 03/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.25
Standard Deviation 3.18

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