Franklin California Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 01/31/2020

Month EndAs of 01/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 11.06 5.83 4.01 5.43 5.64
Fund with Sales Charge (%) (POP) 11.06 5.83 4.01 5.43 5.64
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 8.89 5.12 3.53 4.97
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 01/31/2020

Month EndAs of 01/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 11.06 5.83 4.01 5.43
Fund without Sales Charge (%) (NAV) After Shares Sold 8.03 5.32 3.92 5.19
Fund with Sales Charge (%) (POP) Before Shares Sold 11.06 5.83 4.01 5.43
Fund with Sales Charge (%) (POP) After Shares Sold 8.03 5.32 3.92 5.19
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 01/31/2020

Month EndAs of 01/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 02/01/1977
Fund without Sales Charge (%) (NAV) 2.88 2.23 11.06 18.53 21.75 69.63 959.31
Fund with Sales Charge (%) (POP) 2.88 2.23 11.06 18.53 21.75 69.63 959.31
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 2.32 1.79 8.89 16.14 18.95 62.49
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 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.21 3.87 4.54
Standard Deviation (Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index) 2.63 3.11 3.77
Sharpe Ratio 1.30 0.76 1.07
Information Ratio 0.84 0.46 0.36
Tracking Error 0.87 1.06 1.31

ADDITIONAL RISK STATISTICSAs of 01/31/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.26 1.26 1.07
Beta Bear 1.10 1.20 1.21
Bull Bear Capture Ratio 1.00 0.97 0.94
% of Positive Months 72.22 71.67 71.67
Gains/Losses 3.66 2.25 2.47
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 01/31/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 1.30
Standard Deviation 3.21

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