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Franklin California Tax-Exempt Money Fund

Fund Category: Money FundsGo to Prices & Performance page
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Symbol FCLXX
CUSIP 352 519 201
Fund Number 125
Inception Date1 Sep 03, 1985
Distributions Monthly
Total Net Assets
(all share classes)
As of 10/31/2015

As of  11/24/2015

NAV2 $1.00  
NAV Change $0.00  
POP3 $1.00  
YTD Total Return at NAV
7-day Yields w/ Waiver w/o Waiver
Current4 0.00% 0.00%
(updated daily)
0.00% 0.00%

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

w/ Sales Charge w/o Sales Charge
1 Yr
5 Yrs
10 Yrs 0.78% 0.78%
Life 2.20% 2.20%

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

Gross Expense Ratio 0.53%
Net Expense Ratio 0.53%
12b-1 Fee 0.00%

Fund Description

Strategy Statement
Portfolio Managers
Carrie Higgins
"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 approach.
  • We don't use leverage or invest in derivatives, which can increase portfolio volatility.
  • Our analysts search for high-quality, short-term, municipal securities.
  • We maintain a dollar-weighted average portfolio maturity of 60 days or less.
  • We only buy securities that are rated in the top two short-term ratings by nationally recognized U.S. rating services (or comparable unrated securities), and those that we believe present minimal credit risks.


  • Our fund seeks to maintain a stable $1 share price
  • Portfolio diversification
  • Tenured investment team with expertise across market cycles
  • Investors can potentially earn monthly income exempt from federal income taxes and California personal income taxes i.

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.
  • Investment return will fluctuate with market conditions due to municipal bonds’ sensitivity to interest-rate movements.
  • 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.