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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 03/31/2014
$1,804.3
(millions)

As of  04/17/2014

NAV2 $12.66  
NAV Change $0.00  
POP3 $13.22  
YTD Total Return at NAV 6.06%
Distribution Rate at NAV 4.27%
30-day Standardized Yield4
As of 03/31/2014 (updated monthly)
3.34%

Average Annual Total Returns
As of Quarter End 03/31/2014

w/ Sales Charge w/o Sales Charge
1 Yr -3.05% 1.23%
5 Yrs 5.47% 6.39%
10 Yrs 3.82% 4.27%
Life 6.09% 6.25%

Expense Ratio and Sales Charge As of 11/01/2013 (updated annually)

Gross Expense Ratio5 0.60%
Net Expense Ratio 0.60%
Max Initial Sales Charge 4.25%
CDSC 0.00%
12b-1 Fee 0.10%

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."

Christopher Sperry, CFA®, 2000
Joined Franklin Templeton in 1996

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.

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.

Results

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

$1,000.00

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

Footnotes

For U.S. residents only.