Franklin California Ultra-Short Tax-Free Income Fund

This fund or share class has been closed to new investors.

This fund or share class has been closed to new investors.

Average Annual Total Returns [further-information] As of 03/31/2019

Month EndAs of 04/30/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/03/1985
Fund without Sales Charge (%) (NAV) 1.23 0.68 0.41 0.20 2.03
Fund with Sales Charge (%) (POP) 1.23 0.68 0.41 0.20 2.03
Bloomberg Barclays 1-Year CA Municipal Bond Index (%) 2.29 1.64 1.24 1.29
Quarter EndAs of 03/31/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/03/1985
Fund without Sales Charge (%) (NAV) 1.22 0.65 0.39 0.19 2.03
Fund with Sales Charge (%) (POP) 1.22 0.65 0.39 0.19 2.03
Bloomberg Barclays 1-Year CA Municipal Bond Index (%) 2.10 1.65 1.23 1.32

Calendar Year Returns

2018 2017 2016 2015 2014 2013 2012 2011
Fund without Sales Charge (%) (NAV) 1.06 0.49 0.06
Fund with Sales Charge (%) (POP) 1.06 0.49 0.06
Bloomberg Barclays 1-Year CA Municipal Bond Index (%) 1.83 0.76 1.96 0.60 0.50 0.90 0.89 1.73

Cumulative Total Returns [further-information] As of 03/31/2019

Month EndAs of 04/30/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/03/1985
Fund without Sales Charge (%) (NAV) 0.45 1.23 2.06 2.07 2.07 96.58
Fund with Sales Charge (%) (POP) 0.45 1.23 2.06 2.07 2.07 96.58
Bloomberg Barclays 1-Year CA Municipal Bond Index (%) 0.76 2.29 5.01 6.33 13.71
Quarter EndAs of 03/31/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/03/1985
Fund without Sales Charge (%) (NAV) 0.34 1.22 1.96 1.96 1.96 96.36
Fund with Sales Charge (%) (POP) 0.34 1.22 1.96 1.96 1.96 96.36
Bloomberg Barclays 1-Year CA Municipal Bond Index (%) 0.68 2.10 5.03 6.28 14.00

After-Tax Average Annual Total Returns [further-information] As of 03/31/2019

Month EndAs of 04/30/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.23 0.68 0.41 0.20
Fund without Sales Charge (%) (NAV) After Shares Sold 1.15 0.67 0.41 0.20
Fund with Sales Charge (%) (POP) Before Shares Sold 1.23 0.68 0.41 0.20
Fund with Sales Charge (%) (POP) After Shares Sold 1.15 0.67 0.41 0.20
Quarter EndAs of 03/31/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.22 0.65 0.39 0.19
Fund without Sales Charge (%) (NAV) After Shares Sold 1.13 0.64 0.38 0.19
Fund with Sales Charge (%) (POP) Before Shares Sold 1.22 0.65 0.39 0.19
Fund with Sales Charge (%) (POP) After Shares Sold 1.13 0.64 0.38 0.19

SALES CHARGE, EXPENSES & FEES As of 11/01/2018 (updated annually)

Gross Expense Ratio 0.89%
Net Expense Ratio [further-information] 0.37%
Max Initial Sales Charge 0.00%
CDSC

Volatility Measures [further-information] As of 04/30/2019 Updated Monthly, based on a 3-year period

Beta 0.09
Sharpe Ratio -2.15
Standard Deviation 0.27

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • Bloomberg Barclays 1-Year CA Municipal Bond Index

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