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FKTFX Franklin CA Tax-Free Income A

  • Fund
  • FKTFX
  • Price as of: Aug 08, 2016
  • $7.78
  • - $0.01
  • - 0.13%
  • Category
  • Single State Municipal Bonds

FKTFX - Profile

Vitals

  • YTD Return 3.5%
  • 3 Yr Annualized Return 8.0%
  • 5 Yr Annualized Return 7.0%
  • Net Assets $15.1 B
  • Holdings in Top 10 14.5%

52 WEEK LOW AND HIGH

$7.78
$7.38
$7.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.57%

SALES FEES

  • Front Load 4.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 8.77%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Investment Themes

CATEGORY

Single State Municipal Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Long

Distributions

  • YTD Total Return 3.5%
  • 3 Yr Annualized Total Return 6.4%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.87%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin California Tax Free Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Jan 31, 1977
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager John Wiley

Fund Description

The Franklin California Tax-Free Income Fund Class A (FKTFX) is an actively managed fund that aims to provide a high level of tax-free income to residents in California. The fund does this by investing in various municipal bonds offered by state and local agencies and governments. Fund management uses credit analysis to find high-quality, undervalued bonds and holds them through maturity. As such, the majority of FKTFX’s holdings would classify as long-dated bonds at 15 years or more. However, the fund is free to invest in various maturities.

For investors living in California who are in higher tax brackets, FKTFX makes a great choice for tax-free income. The fund is internally managed by Franklin Advisors.

FKTFX - Performance

Return Ranking - Trailing

Period FKTFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.5% -22.9% 5.1% 3.64% 1
1 Yr 9.6% 0.0% 14.1% 5.60% 1
3 Yr 8.0% * 0.0% 12.0% 2.81% 1
5 Yr 7.0% * 0.0% 10.8% 2.86% 1
10 Yr 5.3% * 0.5% 6.1% 1.82% 1

* Annualized


Return Ranking - Calendar

Period FKTFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.4% -68.5% 1.8% 31.16% 3
2014 N/A 0.0% 7.4% N/A N/A
2013 N/A -16.0% -5.3% N/A N/A
2012 N/A 2.2% 6.5% N/A N/A
2011 N/A 4.2% 5.7% N/A N/A

Total Return Ranking - Trailing

Period FKTFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.5% -22.9% 5.1% 3.66% 1
1 Yr 4.9% -4.6% 14.1% 43.99% 3
3 Yr 6.4% * -0.1% 12.0% 14.16% 1
5 Yr 6.1% * 0.0% 10.8% 6.34% 1
10 Yr 4.9% * 0.5% 6.1% 7.60% 1

* Annualized


Total Return Ranking - Calendar

Period FKTFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -0.4% -68.5% 1.8% 31.32% 3
2014 N/A 2.9% 7.4% N/A N/A
2013 N/A -16.0% -5.2% N/A N/A
2012 N/A 2.2% 6.5% N/A N/A
2011 N/A 4.2% 5.8% N/A N/A

NAV & Total Return History

FKTFX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

FKTFX Category Low Category High FKTFX % Rank Quintile
Net Assets 15.1 B 6.75 M 15.1 B 0.10% 1
Number of Holdings 637 18 3403 1.16% 1
Net Assets in Top 10 2.2 B 1.73 M 2.2 B 0.10% 1
Weighting of Top 10 14.5% 4.1% 73.5% 30.04% 5

Top 10 Holdings

  1. San Joaquin Hills Calif Transn Sr Lie 5% 3.29%
  2. Foothill / Eastern Transn Corr Ref Re 6% 2.44%
  3. Foothill / Eastern Transn Corr Ref 5.75% 2.06%
  4. Foothill / Eastern Transn Corr Ref Re 6% 1.52%
  5. San Joaquin Hills Calif Transn Sr Lie 5% 0.96%
  6. California Edl Facs Auth 5% 0.92%
  7. Golden St Tob Securitization C Enh 0.01% 0.91%
  8. San Joaquin Hills Calif Transn Rev Ref B 0.83%
  9. San Diego Calif Uni Sch Dist 0.81%
  10. Univ Calif Revs For Prev Ltd Proj 4% 0.78%

Asset Allocation

Weighting Category Low Category High FKTFX % Rank Quintile
Bonds
96.88% 0.00% 103.80% 16.76% 4
Cash
3.12% -4.51% 99.63% 10.27% 2
Other
0.00% -1.12% 23.51% 5.72% 4
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 4
Preferred Stocks
0.00% 0.00% 0.00% 0.10% 4
Stocks
0.00% 0.00% 0.75% 0.87% 4

Bond Sector Breakdown

Weighting Category Low Category High FKTFX % Rank Quintile
Municipal
95.76% 0.00% 104.40% 19.28% 4
Cash & Equivalents
3.12% -4.51% 99.63% 10.37% 2
Government
1.12% -10.18% 5.10% 1.45% 1
Securitized
0.00% 0.00% 0.00% 0.10% 4
Corporate
0.00% 0.00% 5.92% 1.16% 4
Derivative
0.00% -0.15% 0.00% 0.10% 4

Bond Geographic Breakdown

Weighting Category Low Category High FKTFX % Rank Quintile
US
96.88% 0.00% 103.80% 16.76% 4
Non US
0.00% 0.00% 0.00% 0.10% 4

FKTFX - Expenses

Operational Fees

FKTFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.57% 0.12% 5.19% 15.31% 1
Management Fee 0.44% 0.00% 0.80% 2.03% 2
12b-1 Fee 0.09% 0.00% 1.00% 3.45% 1
Administrative Fee 0.15% 0.00% 0.33% 2.61% 5

Sales Fees

FKTFX Fees (% of AUM) Category Low Category High FKTFX Rank Quintile
Front Load 4.25% 1.00% 5.75% 1.44% 4
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

FKTFX Fees (% of AUM) Category Low Category High FKTFX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FKTFX Fees (% of AUM) Category Low Category High FKTFX Rank Quintile
Turnover 8.77% 0.00% 131.91% 8.99% 2

FKTFX - Distributions

Dividend Yield Analysis

FKTFX Category Low Category High FKTFX % Rank Quintile
Dividend Yield 0.3% 0.00% 0.99% 20.58% 4

Dividend Distribution Analysis

FKTFX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FKTFX Category Low Category High FKTFX % Rank Quintile
Net Income Ratio 3.87% 0.00% 7.39% 6.30% 1

Capital Gain Distribution Analysis

FKTFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

FKTFX - Managers

John Wiley

Manager

Start Date

Aug 01, 1991

Tenure

25.02

Tenure Rank

0.7%

Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.


Christopher S. Sperry

Manager

Start Date

Dec 31, 2000

Tenure

15.59

Tenure Rank

3.1%

Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.


Tenure Analysis

Category Low

0.1

Category High

36.9

Category Average

9.28

Category Mode

1.6