FCURX: Franklin CA Ultra-Shrt Tx-Fr Inc R6

Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission, we hope you enjoy your experience

FCURX Franklin CA Ultra-Shrt Tx-Fr Inc R6

  • Fund
  • FCURX
  • Price as of: Jul 12, 2019
  • $9.99 + $0.00 + 0.03%
  • Primary Category
  • N/A
  • Share Class

FCURX - Profile

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return N/A
  • Net Assets $35.6 M
  • Holdings in Top 10 44.7%

52 WEEK LOW AND HIGH

$9.99
$9.98
$10.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.81%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 37.04%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Short

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.78%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Franklin California Ultra-Short Tax-Free Income Fund
  • Fund Family Name Franklin Templeton Investments
  • Inception Date Aug 01, 2017
  • Shares Outstanding 500
  • Share Class Retirement
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher S. Sperry

Fund Description

The fund invests at least 80% of its net assets in securities that pay interest free from federal income taxes, including the federal alternative minimum tax, and from California personal income taxes. It invests at least 65% of its total assets in California municipal securities.

FCURX - Mutual Fund Categories

FCURX - Performance

Return Ranking - Trailing

Period FCURX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -50.0% 269.8% 96.94%
1 Yr 1.3% -64.4% 269.8% 38.71%
3 Yr 0.8%* -41.6% 115.6% N/A
5 Yr N/A* -30.7% 58.6% N/A
10 Yr N/A* -8.4% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period FCURX Return Category Return Low Category Return High Rank in Category (%)
2018 0.1% -67.1% 73.0% 1.56%
2017 N/A -76.0% 74.8% N/A
2016 N/A -58.1% 900.0% N/A
2015 N/A -51.1% 336.8% N/A
2014 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period FCURX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -50.0% 269.8% 96.99%
1 Yr 1.3% -64.4% 269.8% 48.24%
3 Yr 0.8%* -30.7% 115.6% N/A
5 Yr N/A* -30.7% 58.6% N/A
10 Yr N/A* -8.4% 26.3% N/A

* Annualized


Total Return Ranking - Calendar

Period FCURX Return Category Return Low Category Return High Rank in Category (%)
2018 0.1% -67.1% 76.6% 4.63%
2017 N/A -30.7% 76.8% N/A
2016 N/A -58.1% 900.0% N/A
2015 N/A -51.1% 341.1% N/A
2014 N/A -60.1% 304.1% N/A

NAV & Total Return History

FCURX - Holdings

Concentration Analysis

FCURX Category Low Category High FCURX % Rank
Net Assets 35.6 M 0 814 B 74.19%
Number of Holdings 11 1 17343 93.58%
Net Assets in Top 10 15.9 M -28.8 B 144 B 69.99%
Weighting of Top 10 44.72% 0.0% 20474.3% 38.43%

Top 10 Holdings

  1. LOS ANGELES CALIF DEPT WTR & PWR REV 1.53% 4.78%

  2. METROPOLITAN WTR DIST SOUTHN CALIF WTRWKS REV 1.53% 4.78%

  3. UNIVERSITY CALIF REVS 1.48% 4.78%

  4. CALIFORNIA ST 1.41% 4.78%

  5. SANTA CLARA VY CALIF TRANSN AUTH SALES TAX REV 1.25% 4.78%

  6. IRVINE CALIF IMPT BD ACT 1915 1.54% 4.25%

  7. IRVINE CALIF IMPT BD ACT 1915 1.54% 4.22%

  8. IRVINE RANCH CALIF WTR DIST 1.52% 4.22%

  9. CALIFORNIA STATEWIDE CMNTYS DEV AUTH REV 1.25% 4.22%

  10. IRVINE CALIF IMPT BD ACT 1915 1.54% 3.94%


Asset Allocation

Weighting Return Low Return High FCURX % Rank
Cash
55.28% -2543.91% 7388.76% 5.32%
Bonds
44.72% -955.59% 2526.95% 31.78%
Stocks
0.00% -142.98% 259.25% 79.67%
Preferred Stocks
0.00% -0.12% 80.89% 36.30%
Other
0.00% -7288.76% 502.86% 39.74%
Convertible Bonds
0.00% -0.37% 166.23% 43.29%

Bond Sector Breakdown

Weighting Return Low Return High FCURX % Rank
Cash & Equivalents
55.28% -2543.91% 7388.76% 5.57%
Municipal
44.72% 0.00% 110.18% 5.73%
Derivative
0.00% -511.61% 2524.39% 19.77%
Securitized
0.00% -35.05% 159.61% 44.73%
Corporate
0.00% -15.73% 3345.86% 57.87%
Government
0.00% -3298.93% 457.08% 50.11%

Bond Geographic Breakdown

Weighting Return Low Return High FCURX % Rank
US
44.72% -955.59% 2526.95% 25.91%
Non US
0.00% -150.85% 464.75% 52.92%

FCURX - Expenses

Operational Fees

FCURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.81% 0.00% 928.63% 16.53%
Management Fee 0.63% 0.00% 2.87% 54.19%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 52000.00% 70.26%

Sales Fees

FCURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 25.00% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FCURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% 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.

FCURX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.04% 0.00% 5067.00% 41.16%

FCURX - Distributions

Dividend Yield Analysis

FCURX Category Low Category High FCURX % Rank
Dividend Yield 1.16% 0.00% 87.68% 43.95%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FCURX Category Low Category High FCURX % Rank
Net Income Ratio 0.78% -46.00% 10.10% 71.86%

Capital Gain Distribution Analysis

FCURX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

FCURX - Managers

Christopher S. Sperry

Manager

Start Date

Tenure

Tenure Rank

Mar 18, 2016

3.28

3.3%

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


John Bonelli

Manager

Start Date

Tenure

Tenure Rank

Mar 18, 2016

3.28

3.3%

Mr. Bonelli is a Portfolio Manager and Research Analyst of Franklin Advisers, Inc. He joined Franklin Templeton Investments in 2010.


Tenure Analysis

Category Low

0.0

Category High

43.76

Category Average

4.66

Category Mode

4.5