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FRCTX Franklin CA Tax-Free Income C

  • Fund
  • FRCTX
  • Price as of: Jan 19, 2018
  • $7.41
  • - $0.00
  • - 0.00%
  • Category
  • Single State Municipal Bonds

FRCTX - Profile

Vitals

  • YTD Return -0.8%
  • 3 Yr Annualized Return 2.9%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $15.8 B
  • Holdings in Top 10 16.4%

52 WEEK LOW AND HIGH

$7.41
$7.28
$7.53

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 19.37%

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 -0.8%
  • 3 Yr Annualized Total Return 2.9%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.99%
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 Apr 28, 1995
  • Shares Outstanding N/A
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager John Wiley

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. It is possible that up to 20% of its total assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay taxable interest.

FRCTX - Performance

Return Ranking - Trailing

Period FRCTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.8% -22.9% 2.9% 61.99% 5
1 Yr 5.5% -8.7% 11.9% 15.04% 1
3 Yr 2.9% * -2.2% 8.2% 22.46% 2
5 Yr 3.3% * -1.7% 7.1% 11.36% 1
10 Yr 4.3% * 0.2% 6.5% 16.53% 1

* Annualized


Return Ranking - Calendar

Period FRCTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.3% -12.8% 6.8% 9.38% 1
2016 -2.8% -4.9% 7.9% 37.35% 3
2015 -0.4% -7.9% 7.4% 35.71% 3
2014 8.8% -9.5% 15.6% 3.54% 1
2013 -8.0% -20.2% 7.4% 49.25% 4

Total Return Ranking - Trailing

Period FRCTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.8% -22.9% 2.9% 61.99% 5
1 Yr 4.5% -13.0% 11.2% 19.04% 1
3 Yr 2.9% * -2.8% 8.2% 15.65% 1
5 Yr 3.3% * -2.0% 7.1% 9.01% 1
10 Yr 4.3% * 0.2% 6.5% 13.47% 1

* Annualized


Total Return Ranking - Calendar

Period FRCTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 2.3% -12.8% 6.8% 9.34% 1
2016 0.0% -4.9% 7.6% 3.91% 1
2015 3.2% -7.9% 8.0% 3.11% 1
2014 14.2% -9.5% 17.8% 1.18% 1
2013 -5.0% -20.2% 7.4% 18.12% 2

NAV & Total Return History

FRCTX - Holdings

Filings data as of: Sep 30, 2017

Concentration Analysis

FRCTX Category Low Category High FRCTX % Rank Quintile
Net Assets 15.8 B 2.11 M 15.8 B 0.10% 1
Number of Holdings 743 18 3757 0.78% 1
Net Assets in Top 10 2.6 B 1.84 M 2.6 B 0.10% 1
Weighting of Top 10 16.4% 3.5% 73.5% 27.26% 4

Top 10 Holdings

  1. San Joaquin Hills Calif Transn Sr Lie 5% 2.99%
  2. California Health Facs Fing Au Rev Bd 4% 2.54%
  3. Foothill / Eastern Transn Corr Ref Re 6% 2.23%
  4. Foothill / Eastern Transn Corr Ref 5.75% 1.89%
  5. Golden St Tob Securitization C Enh To 5% 1.53%
  6. Foothill / Eastern Transn Corr Ref Re 6% 1.39%
  7. Golden St Tob Securitization C Enh To 5% 1.04%
  8. San Joaquin Hills Calif Transn Rev Ref B 0.97%
  9. Los Angeles Calif Dept Wtr & P Pwr Sy 5% 0.92%
  10. Los Angeles Calif Dept Wtr & P Pwr Sy 5% 0.89%

Asset Allocation

Weighting Category Low Category High FRCTX % Rank Quintile
Bonds
99.00% 0.00% 103.74% 8.62% 3
Cash
1.00% -3.74% 99.63% 13.19% 3
Stocks
0.00% 0.00% 0.50% 0.48% 3
Preferred Stocks
0.00% 0.00% 2.18% 0.48% 3
Other
0.00% -1.28% 23.51% 4.85% 4
Convertible Bonds
0.00% 0.00% 0.00% 0.10% 3

Bond Sector Breakdown

Weighting Category Low Category High FRCTX % Rank Quintile
Municipal
99.00% 0.00% 106.26% 9.41% 3
Cash & Equivalents
1.00% -3.74% 99.63% 12.90% 2
Derivative
0.00% -6.47% 0.00% 0.10% 3
Securitized
0.00% 0.00% 0.00% 0.10% 3
Corporate
0.00% 0.00% 5.94% 2.52% 4
Government
0.00% -9.15% 4.81% 1.16% 3

Bond Geographic Breakdown

Weighting Category Low Category High FRCTX % Rank Quintile
US
97.12% 0.00% 103.74% 15.71% 3
Non US
1.88% 0.00% 26.61% 8.44% 2

FRCTX - Expenses

Operational Fees

FRCTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.14% 0.09% 5.19% 9.41% 4
Management Fee 0.44% 0.00% 1.30% 2.13% 2
12b-1 Fee 0.65% 0.00% 1.00% 1.40% 3
Administrative Fee 0.15% 0.00% 0.33% 2.37% 4

Sales Fees

FRCTX Fees (% of AUM) Category Low Category High FRCTX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load 1.00% 0.50% 5.50% 1.60% 2

Trading Fees

FRCTX Fees (% of AUM) Category Low Category High FRCTX 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.

FRCTX Fees (% of AUM) Category Low Category High FRCTX Rank Quintile
Turnover 19.37% 0.00% 157.00% 6.30% 3

FRCTX - Distributions

Dividend Yield Analysis

FRCTX Category Low Category High FRCTX % Rank Quintile
Dividend Yield 0.3% 0.00% 0.99% 24.20% 4

Dividend Distribution Analysis

FRCTX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FRCTX Category Low Category High FRCTX % Rank Quintile
Net Income Ratio 2.99% 0.00% 6.13% 11.74% 2

Capital Gain Distribution Analysis

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

FRCTX - Managers

John Wiley

Manager

Start Date

Aug 01, 1991

Tenure

26.44

Tenure Rank

0.7%

John Wiley, Senior Vice President, has been a lead portfolio manager since 1993. 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

17.01

Tenure Rank

3.2%

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

0.0

Category High

38.3

Category Average

9.58

Category Mode

3.0