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Franklin California Insured Tax-Free Income Fund

Fund Category: Tax Free IncomeGo to Prices & Performance page
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Symbol FRCIX
CUSIP 352 519 102
Fund Number 124
Inception Date1 Sep 03, 1985
Distributions Monthly
Total Net Assets
(all share classes)
As of 10/31/2015

As of  11/27/2015

NAV2 $13.07  
NAV Change $0.00  
POP3 $13.65  
YTD Total Return at NAV 3.38%
Distribution Rate at NAV 3.97%
30-day Standardized Yield4
As of 10/31/2015 (updated monthly)

Average Annual Total Returns
As of Quarter End 09/30/2015

w/ Sales Charge w/o Sales Charge
1 Yr 0.78% 5.23%
5 Yrs 4.53% 5.44%
10 Yrs 4.22% 4.68%
Life 6.14% 6.29%

Expense Ratio and Sales Charge As of 11/01/2015 (updated annually)

Gross Expense Ratio5 0.59%
Net Expense Ratio 0.59%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.09%

Fund Description

Strategy Statement
Portfolio Managers
Christopher Sperry, CFA
"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."

Strategy, Benefits, Results


  • 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.


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

i. For investors subject to the alternative minimum tax, a small portion of fund dividends may be taxable. Distributions of capital gains are generally taxable.


Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Yield and share price will fluctuate with market conditions due to municipal bonds’ sensitivity to interest-rate movements.
  • Bond prices generally move in the opposite direction of interest rates, thus the fund’s share price may decline as the prices of bonds adjust to a rise in interest rates.
  • Investments concentrated in a single state are subject to greater risk of adverse economic and regulatory changes in that state than a geographically diversified fund.
  • Fund shares are not insured by any U.S. or other government agency, are subject to market risks and will fluctuate in value.
  • These and other risk considerations are discussed in the fund’s prospectus.

Minimum Investment


How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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Important Legal Information


For US residents only.