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 11/30/2019

Month EndAs of 11/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/21/1992
Fund without Sales Charge (%) (NAV) 6.20 3.62 2.61 3.88 4.66
Fund with Sales Charge (%) (POP) 3.80 2.84 2.14 3.64 4.57
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 8.54 5.08 3.57 4.87 5.44
Quarter EndAs of 09/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/21/1992
Fund without Sales Charge (%) (NAV) 6.18 1.88 2.76 3.68 4.68
Fund with Sales Charge (%) (POP) 3.79 1.10 2.29 3.44 4.59
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 8.48 3.17 3.66 4.53 5.46

After-Tax Average Annual Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.20 3.62 2.61 3.88
Fund without Sales Charge (%) (NAV) After Shares Sold 4.83 3.42 2.64 3.74
Fund with Sales Charge (%) (POP) Before Shares Sold 3.80 2.84 2.14 3.64
Fund with Sales Charge (%) (POP) After Shares Sold 3.38 2.81 2.27 3.55
Quarter EndAs of 09/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 6.18 1.88 2.76 3.68
Fund without Sales Charge (%) (NAV) After Shares Sold 4.84 2.06 2.76 3.58
Fund with Sales Charge (%) (POP) Before Shares Sold 3.79 1.10 2.29 3.44
Fund with Sales Charge (%) (POP) After Shares Sold 3.39 1.46 2.39 3.38

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Fund without Sales Charge (%) (NAV) 0.96 3.96 -0.12 2.68 8.34 -1.69 6.39 10.41 3.16 12.36
Fund with Sales Charge (%) (POP) -1.35 1.64 -2.36 0.38 5.88 -3.90 4.02 7.87 0.83 9.83
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 1.11 5.63 -0.14 3.51 9.96 -1.76 8.15 12.28 2.97 12.22

Cumulative Total Returns [further-information] As of 11/30/2019

Month EndAs of 11/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/21/1992
Fund without Sales Charge (%) (NAV) -0.48 5.14 6.20 11.25 13.73 46.28 245.05
Fund with Sales Charge (%) (POP) -2.71 2.78 3.80 8.75 11.17 42.98 237.29
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) -0.34 7.36 8.54 16.01 19.18 60.81 321.82
Quarter EndAs of 09/30/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/21/1992
Fund without Sales Charge (%) (NAV) 1.05 4.91 6.18 5.74 14.59 43.52 244.28
Fund with Sales Charge (%) (POP) -1.24 2.56 3.79 3.32 12.00 40.24 236.54
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 1.71 6.93 8.48 9.79 19.70 55.74 320.13

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 11/30/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 1.98 2.84 3.42
Standard Deviation (Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index) 2.55 3.10 3.75
Sharpe Ratio 1.02 0.56 0.98
Information Ratio -1.80 -1.28 -1.09
Tracking Error 0.81 0.75 0.90

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 11/30/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.02
Standard Deviation 1.98

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