Franklin California Ultra-Short Tax-Free Income Fund

Average Annual Total Returns [further-information] As of 12/31/2018

Month EndAs of 02/28/2019 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/03/1985
Fund without Sales Charge (%) (NAV) 1.09 0.58 0.35 0.18 2.03
Fund with Sales Charge (%) (POP) 1.09 0.58 0.35 0.18 2.03
Bloomberg Barclays 1-Year CA Municipal Bond Index (%) 1.75 1.51 1.18 1.33
Quarter EndAs of 12/31/2018 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Inception 09/03/1985
Fund without Sales Charge (%) (NAV) 1.06 0.53 0.32 0.16 2.03
Fund with Sales Charge (%) (POP) 1.06 0.53 0.32 0.16 2.03
Bloomberg Barclays 1-Year CA Municipal Bond Index (%) 1.83 1.52 1.13 1.39

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 12/31/2018

Month EndAs of 02/28/2019 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/03/1985
Fund without Sales Charge (%) (NAV) 0.15 1.09 1.76 1.76 1.76 95.99
Fund with Sales Charge (%) (POP) 0.15 1.09 1.76 1.76 1.76 95.99
Bloomberg Barclays 1-Year CA Municipal Bond Index (%) 0.41 1.75 4.60 6.04 14.08
Quarter EndAs of 12/31/2018 YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 09/03/1985
Fund without Sales Charge (%) (NAV) 1.06 1.06 1.61 1.61 1.62 95.69
Fund with Sales Charge (%) (POP) 1.06 1.06 1.61 1.61 1.62 95.69
Bloomberg Barclays 1-Year CA Municipal Bond Index (%) 1.83 1.83 4.62 5.77 14.82

After-Tax Average Annual Total Returns [further-information] As of 12/31/2018

Month EndAs of 02/28/2019 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.09 0.58 0.35 0.18
Fund without Sales Charge (%) (NAV) After Shares Sold 1.04 0.58 0.35 0.18
Fund with Sales Charge (%) (POP) Before Shares Sold 1.09 0.58 0.35 0.18
Fund with Sales Charge (%) (POP) After Shares Sold 1.04 0.58 0.35 0.18
Quarter EndAs of 12/31/2018 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 1.06 0.53 0.32 0.16
Fund without Sales Charge (%) (NAV) After Shares Sold 1.01 0.53 0.32 0.16
Fund with Sales Charge (%) (POP) Before Shares Sold 1.06 0.53 0.32 0.16
Fund with Sales Charge (%) (POP) After Shares Sold 1.01 0.53 0.32 0.16

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 02/28/2019 Updated Monthly, based on a 3-year period

Beta 0.09
Sharpe Ratio -2.16
Standard Deviation 0.26

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

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