Franklin California Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 9.28 5.26 4.04 5.27 5.60
Fund with Sales Charge (%) (POP) 9.28 5.26 4.04 5.27 5.60
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 7.67 4.77 3.52 4.85
Quarter EndAs of 12/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 9.28 5.26 4.04 5.27 5.60
Fund with Sales Charge (%) (POP) 9.28 5.26 4.04 5.27 5.60
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 7.67 4.77 3.52 4.85

After-Tax Average Annual Total Returns [further-information] As of 12/31/2019

Month EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.28 5.26 4.04 5.27
Fund without Sales Charge (%) (NAV) After Shares Sold 7.00 4.90 3.96 5.07
Fund with Sales Charge (%) (POP) Before Shares Sold 9.28 5.26 4.04 5.27
Fund with Sales Charge (%) (POP) After Shares Sold 7.00 4.90 3.96 5.07
Quarter EndAs of 12/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 9.28 5.26 4.04 5.27
Fund without Sales Charge (%) (NAV) After Shares Sold 7.00 4.90 3.96 5.07
Fund with Sales Charge (%) (POP) Before Shares Sold 9.28 5.26 4.04 5.27
Fund with Sales Charge (%) (POP) After Shares Sold 7.00 4.90 3.96 5.07

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 12/31/2019

Month EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 02/01/1977
Fund without Sales Charge (%) (NAV) 0.52 9.28 9.28 16.63 21.88 67.08 936.25
Fund with Sales Charge (%) (POP) 0.52 9.28 9.28 16.63 21.88 67.08 936.25
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 0.69 7.67 7.67 14.99 18.87 60.56
Quarter EndAs of 12/31/2019 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 02/01/1977
Fund without Sales Charge (%) (NAV) 0.52 9.28 9.28 16.63 21.88 67.08 936.25
Fund with Sales Charge (%) (POP) 0.52 9.28 9.28 16.63 21.88 67.08 936.25
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 0.69 7.67 7.67 14.99 18.87 60.56

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.04 3.88 4.50
Standard Deviation (Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index) 2.51 3.10 3.75
Sharpe Ratio 1.20 0.77 1.05
Information Ratio 0.59 0.49 0.33
Tracking Error 0.85 1.07 1.30

ADDITIONAL RISK STATISTICSAs of 12/31/2019 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.24 1.28 1.06
Beta Bear 1.10 1.20 1.21
Bull Bear Capture Ratio 0.97 0.97 0.94
% of Positive Months 72.22 71.67 71.67
Gains/Losses 3.40 2.26 2.43
Maximum Drawdown
1.96 6.50 8.60

SALES CHARGE, EXPENSES & FEES As of 08/01/2019 (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 12/31/2019 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.20
Standard Deviation 3.04

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