Franklin California Intermediate-Term 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 09/21/1992
Fund without Sales Charge (%) (NAV) 3.56 3.20 3.15 3.76 4.71
Fund with Sales Charge (%) (POP) 3.56 3.20 3.15 3.76 4.71
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 5.75 4.62 4.15 4.68 5.47
Quarter EndAs of 06/30/2020 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 09/21/1992
Fund without Sales Charge (%) (NAV) 3.00 2.98 2.95 3.77 4.67
Fund with Sales Charge (%) (POP) 3.00 2.98 2.95 3.77 4.67
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 4.83 4.33 3.95 4.67 5.42

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 3.56 3.20 3.15 3.76
Fund without Sales Charge (%) (NAV) After Shares Sold 3.14 3.10 3.07 3.64
Fund with Sales Charge (%) (POP) Before Shares Sold 3.56 3.20 3.15 3.76
Fund with Sales Charge (%) (POP) After Shares Sold 3.14 3.10 3.07 3.64
Quarter EndAs of 06/30/2020 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 3.00 2.98 2.95 3.77
Fund without Sales Charge (%) (NAV) After Shares Sold 2.83 2.94 2.92 3.66
Fund with Sales Charge (%) (POP) Before Shares Sold 3.00 2.98 2.95 3.77
Fund with Sales Charge (%) (POP) After Shares Sold 2.83 2.94 2.92 3.66

Calendar Year Returns

2019 2018 2017
Fund without Sales Charge (%) (NAV) 5.48 1.08 4.05
Fund with Sales Charge (%) (POP) 5.48 1.08 4.05
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 7.67 1.11 5.63

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 09/21/1992
Fund without Sales Charge (%) (NAV) 5.00 2.73 3.56 9.91 16.77 44.67 260.00
Fund with Sales Charge (%) (POP) 5.00 2.73 3.56 9.91 16.77 44.67 260.00
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 5.77 4.12 5.75 14.52 22.56 57.95 340.47
Quarter EndAs of 06/30/2020 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/21/1992
Fund without Sales Charge (%) (NAV) 2.66 1.43 3.00 9.22 15.66 44.82 255.43
Fund with Sales Charge (%) (POP) 2.66 1.43 3.00 9.22 15.66 44.82 255.43
Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index (%) 2.87 2.36 4.83 13.57 21.39 57.79 333.03

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

3 YR 5 YR 10 YR
Standard Deviation (Fund) 3.59 3.55 3.77
Standard Deviation (Linked Bloomberg Barclays Muni M.F. CA Intermediate/10-Year Muni Bond Index) 3.96 3.85 4.08
Alpha -1.13 -0.78 -0.61
Beta 0.89 0.91 0.91
Sharpe Ratio 0.42 0.55 0.82
Information Ratio -1.88 -1.47 -1.19
Tracking Error 0.80 0.74 0.86
R-Squared 0.97 0.97 0.96

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

3 YR 5 YR 10 YR
Beta Bull 0.82 0.82 0.91
Beta Bear 1.10 1.07 0.89
Bull Bear Capture Ratio 0.82 0.87 0.89
% of Positive Months 72.22 76.67 68.33
Gains/Losses 2.03 2.06 2.12
Maximum Drawdown
4.75 5.00 5.46

SALES CHARGE, EXPENSES & FEES As of 11/01/2019 (updated annually)

Gross Expense Ratio 0.53%
Net Expense Ratio [further-information] 0.46%
Max Initial Sales Charge 0.00%
CDSC

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

Beta 0.89
Sharpe Ratio 0.42
Standard Deviation 3.59

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