Franklin California Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 5.73 4.91 4.69 5.07 5.61
Fund with Sales Charge (%) (POP) 5.73 4.91 4.69 5.07 5.61
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 4.69 4.53 4.47 5.03 5.58
Fund with Sales Charge (%) (POP) 4.69 4.53 4.47 5.03 5.58
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 4.83 4.33 3.95 4.67

After-Tax Average Annual Total Returns [further-information] As of 07/31/2020

Month EndAs of 07/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 5.73 4.91 4.69 5.07
Fund without Sales Charge (%) (NAV) After Shares Sold 4.68 4.58 4.45 4.88
Fund with Sales Charge (%) (POP) Before Shares Sold 5.73 4.91 4.69 5.07
Fund with Sales Charge (%) (POP) After Shares Sold 4.68 4.58 4.45 4.88
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.69 4.53 4.47 5.03
Fund without Sales Charge (%) (NAV) After Shares Sold 4.09 4.30 4.29 4.85
Fund with Sales Charge (%) (POP) Before Shares Sold 4.69 4.53 4.47 5.03
Fund with Sales Charge (%) (POP) After Shares Sold 4.09 4.30 4.29 4.85

Calendar Year Returns

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Fund without Sales Charge (%) (NAV) 9.28 0.53 6.19 0.78 3.71 13.66 -3.77 10.44 11.31 2.07
Fund with Sales Charge (%) (POP) 9.28 0.53 6.19 0.78 3.71 13.66 -3.77 10.44 11.31 2.07
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 07/31/2020

Month EndAs of 07/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 02/01/1977
Fund without Sales Charge (%) (NAV) 6.96 3.68 5.73 15.47 25.74 64.04 974.34
Fund with Sales Charge (%) (POP) 6.96 3.68 5.73 15.47 25.74 64.04 974.34
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) 3.20 1.82 4.69 14.21 24.41 63.33 955.07
Fund with Sales Charge (%) (POP) 3.20 1.82 4.69 14.21 24.41 63.33 955.07
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 2.87 2.36 4.83 13.57 21.39 57.79

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 5.25 4.98 5.07
Standard Deviation (Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index) 3.96 3.85 4.08
Sharpe Ratio 0.63 0.72 0.89
Information Ratio 0.19 0.38 0.28
Tracking Error 1.56 1.43 1.49

ADDITIONAL RISK STATISTICSAs of 07/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.17 1.17 1.08
Beta Bear 1.58 1.42 1.31
Bull Bear Capture Ratio 0.90 0.96 0.93
Gains/Losses 2.11 2.17 2.17

SALES CHARGE, EXPENSES & FEES As of 08/01/2020 (updated annually)

Gross Expense Ratio 0.51%
Net Expense Ratio [further-information] 0.51%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 07/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.63
Standard Deviation 5.25

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