FRCIX

Franklin California Insured Tax-Free Income Fund

This fund or share class has been closed to all investments.

PRICE AND YTD RETURN As of 04/29/2016

NAV up $0.01 $13.34
POP $13.93
YTD Total return at Nav 2.79%
1 YEAR RETURN -0.43%
5 YEAR RETURN 6.54%
10 YEAR RETURN 4.48%

KEY STATS

Investment Category Municipal Bonds
Distributions Monthly
CUSIP 352 519 102
Fund Number 124
Inception Date Sep 03, 1985
Total Net Assets (all share classes) As of 03/31/2016 $1,689.5 (M)
Distribution Rate at NAV As of 04/29/2016 3.93%
30-Day Standardized yield As of 03/31/2016 (updated monthly) 1.55%

SALES CHARGE, EXPENSES, & FEES As of 11/01/2015 (updated annually)

Gross Expense Ratio 0.59%
Net Expense Ratio 0.59%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.09%

Fund Description

The Fund invests predominately in insured municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from California personal income taxes.

Strategy Statement

"In the Franklin Muni Department, we are committed to a conservative, disciplined investment strategy. We seek to provide shareholders with a high level of tax-free income while preserving capital. "

Chris Sperry, CFA®

Management

John Wiley

John Wiley

  • Joined Franklin Templeton in 1989
  • Managed Fund Since 1991
Chris Sperry, CFA

Chris Sperry, CFA®

  • Joined Franklin Templeton in 1996
  • Managed Fund Since 2000

Overall Morningstar Rating As of 03/31/2016

Rating Category: Muni California Long

Morningstar
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 03/31/2016

Years Ratings Funds
in category
3
3 Stars
116
5
3 Stars
104
10
3 Stars
90

Morningstar Style Box

We do not publish a style box for this fund.

Strategy, Benefits, Results

Strategy

  • We take a conservative, income-oriented approach.
  • We don't use leverage or invest in derivatives, which can increase portfolio volatility.
  • Our analysts search for high-quality, undervalued bonds.
  • We buy and hold for the long term.

Benefits

  • Monthly income exempt from federal incomes taxes and California personal income taxes.i.
  • Portfolio diversification.
  • Tenured investment team with expertise across market cycles.

You need Adobe Acrobat Reader 6.0 or higher to view and print PDF documents. Download a free version from Adobe's website.