Franklin California Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 1.70 3.32 3.25 4.54 5.48
Fund with Sales Charge (%) (POP) 1.70 3.32 3.25 4.54 5.48
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 2.65 3.44 3.08 4.29
Quarter EndAs of 03/31/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 02/01/1977
Fund without Sales Charge (%) (NAV) 4.24 4.18 3.41 4.89 5.53
Fund with Sales Charge (%) (POP) 4.24 4.18 3.41 4.89 5.53
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) 4.21 4.05 3.19 4.61

After-Tax Average Annual Total Returns [further-information] As of 04/30/2020

Month EndAs of 04/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.70 3.32 3.25 4.54
Fund without Sales Charge (%) (NAV) After Shares Sold 2.35 3.40 3.36 4.48
Fund with Sales Charge (%) (POP) Before Shares Sold 1.70 3.32 3.25 4.54
Fund with Sales Charge (%) (POP) After Shares Sold 2.35 3.40 3.36 4.48
Quarter EndAs of 03/31/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 4.24 4.18 3.41 4.89
Fund without Sales Charge (%) (NAV) After Shares Sold 3.94 4.05 3.47 4.77
Fund with Sales Charge (%) (POP) Before Shares Sold 4.24 4.18 3.41 4.89
Fund with Sales Charge (%) (POP) After Shares Sold 3.94 4.05 3.47 4.77

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 04/30/2020

Month EndAs of 04/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 02/01/1977
Fund without Sales Charge (%) (NAV) -5.18 -3.07 1.70 10.29 17.34 55.82 904.47
Fund with Sales Charge (%) (POP) -5.18 -3.07 1.70 10.29 17.34 55.82 904.47
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) -3.29 -1.56 2.65 10.68 16.38 52.22
Quarter EndAs of 03/31/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 02/01/1977
Fund without Sales Charge (%) (NAV) -1.34 -1.34 4.24 13.06 18.24 61.26 922.32
Fund with Sales Charge (%) (POP) -1.34 -1.34 4.24 13.06 18.24 61.26 922.32
Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index (%) -0.49 -0.49 4.21 12.66 16.99 56.91

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 4.86 4.72 4.95
Standard Deviation (Linked Bloomberg Barclays Muni Bond California Exempt/Muni Bond Index) 3.57 3.56 3.96
Sharpe Ratio 0.34 0.46 0.80
Information Ratio -0.07 0.13 0.18
Tracking Error 1.50 1.42 1.48

ADDITIONAL RISK STATISTICSAs of 04/30/2020 (updated monthly)

3 YR 5 YR 10 YR
Beta Bull 1.29 1.29 1.09
Beta Bear 1.59 1.37 1.30
Bull Bear Capture Ratio 0.88 0.93 0.92
% of Positive Months 66.67 71.67 70.00
Gains/Losses 1.75 1.78 2.04
Maximum Drawdown
7.06 7.06 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 04/30/2020 Updated Monthly, based on a 3-year period

Sharpe Ratio 0.34
Standard Deviation 4.86

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