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Franklin California Tax-Free Income Fund  – 
CalTF A : Newspaper symbol FKTFX : NASDAQ symbol Tax-Free Income : Fund Category
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Morningstar RatingTM (as of 04/30/2015) Rating Category Number of Funds in Category
Overall 3 Years 5 Years 10 Years 3 Years 5 Years 10 Years
3 3 4 Muni California Long 131 128 106

Show me: Fund documents:
Portfolio : View Details
Fund Description

The Fund invests at least 80% of its total assets in investment grade municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from California personal income taxes.

Morningstar Style Box™
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for this fund.
Important News

In April, Franklin California Tax-Free Income Fund adjusted its dividends as follows: Class A from $0.0251 to $0.0245 per share; Class C from $0.0215 to $0.0209 per share and Advisor Class from $0.0258 to $0.0252 per share. Dividends vary based on the fund's income. Past dividends are not indicative of future trends.

Net Assets (millions) 11,640.40
Class A as of April 30, 2015
Portfolio Manager / Fund Tenure
John Wiley, 1991
Joined Franklin Templeton in 1989
Christopher Sperry, CFA®, 2000
Joined Franklin Templeton in 1996
Fund Highlights
as of April 30, 2015
Bond Quality
AAA 8.21%
AA 41.25%
A 19.01%
BBB 21.44%
BB 0.57%
B 2.34%
CCC 1.64%
Not Rated 0.88%
RF 4.66%
Asset Mix
as of April 30, 2015
(updated monthly)
Performance : View Details
Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.
Expense Ratio and Sales Charge Information

Expense Ratio: 0.57%
Max. Initial Sales Charge: 4.25%
CDSC: 0.00%

Hypothetical $10,000 Investment as of 03/31/2015
$10,000 invested in the fund at inception, with all dividend and capital gain distributions reinvested, including sales charges, would be worth:
Distributions : View Details  
Distribution amounts may be estimates.  
Dividend Frequency  
This fund is an ex-dividend fund.  
Most Recent Fund Distributions
Distribution Amount
Preliminary long-term capital gains per share 0.0000-0.0000
Distribution Schedule
Record date 05/29/15
Ex-Dividend date 06/01/15
Payable date 06/03/15
Reinvestment date 06/01/15
Fund Facts  
Inception date 02/01/77
Fund number 112
CUSIP number 352 518 104
Minimum initial investment $1,000
Max. initial sales charge 4.25%
CDSC 0.00%
Expense ratio
as of August 01, 2014 (updated annually)
12b - 1 fees 0.09%
as of March 31, 2015 (updated quarterly)
Fund Prices : Historical Prices as of 05/29/2015
Daily prices are the most current available.
NAV (Net Asset Value)
NAV change (+/-) $0.02
POP (Public Offering Price)
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