FKTFX: Franklin California Tax Free Income Fund - MutualFunds.com
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Franklin CA Tax Free Income A1

FKTFX - Snapshot

Vitals

  • YTD Return 0.9%
  • 3 Yr Annualized Return 5.5%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $17.3 B
  • Holdings in Top 10 17.0%

52 WEEK LOW AND HIGH

$7.89
$7.63
$7.90

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.61%

SALES FEES

  • Front Load 3.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.41%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni California Long

Compare FKTFX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.91

0.00%

$86.38 B

-

$0.00

0.34%

0.17%

$11.26

+0.09%

$36.93 B

-

$0.00

0.00%

0.17%

$13.79

0.00%

$26.89 B

-

$0.00

1.25%

0.52%

$117.71

-0.15%

$22.71 B

-

-

0.52%

0.07%

$15.93

0.00%

$22.07 B

-

$0.00

-0.13%

0.17%

FKTFX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 2.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    1419872419
  • Share Class
    A
  • 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 interest subject to other federal or state income taxes.


FKTFX - Performance

Return Ranking - Trailing

Period FKTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -88.4% 8.2% 42.23%
1 Yr 4.9% -19.8% 22.3% 40.26%
3 Yr 5.5%* -6.1% 10.6% 15.70%
5 Yr 3.3%* -3.5% 7.1% 18.59%
10 Yr 5.2%* -0.2% 9.5% 11.45%

* Annualized

Return Ranking - Calendar

Period FKTFX Return Category Return Low Category Return High Rank in Category (%)
2020 2.2% -91.1% 310.0% 22.53%
2019 5.5% -79.8% 15.4% 11.20%
2018 -3.2% -72.6% 97.2% 74.34%
2017 2.3% -100.0% 7.6% 27.35%
2016 -2.7% -35.9% 96.8% 40.59%

Total Return Ranking - Trailing

Period FKTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -88.4% 8.4% 42.23%
1 Yr 0.9% -23.6% 29.0% 67.29%
3 Yr 4.2%* -6.9% 11.3% 42.25%
5 Yr 2.5%* -4.0% 7.1% 40.23%
10 Yr 4.8%* -0.4% 9.5% 14.81%

* Annualized

Total Return Ranking - Calendar

Period FKTFX Return Category Return Low Category Return High Rank in Category (%)
2020 2.2% -91.1% 310.0% 22.53%
2019 6.5% -79.8% 15.4% 5.80%
2018 0.3% -72.6% 11.0% 4.52%
2017 6.1% -100.0% 7.6% 1.10%
2016 0.8% -35.9% 3.0% 0.67%

NAV & Total Return History


FKTFX - Holdings

Concentration Analysis

FKTFX Category Low Category High FKTFX % Rank
Net Assets 17.3 B 901 K 86.4 B 1.08%
Number of Holdings 882 1 11766 8.92%
Net Assets in Top 10 2.95 B -241 M 4.86 B 0.32%
Weighting of Top 10 16.99% 2.4% 100.0% 64.84%

Top 10 Holdings

  1. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5% 2.84%
  2. CALIFORNIA HEALTH FACS FING AUTH REV 4% 2.58%
  3. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 2.09%
  4. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 6% 2.06%
  5. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 5.75% 1.71%
  6. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.47%
  7. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 1.37%
  8. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 6% 1.28%
  9. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 1.24%
  10. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 0% 1.23%

Asset Allocation

Weighting Return Low Return High FKTFX % Rank
Bonds
99.72% 51.33% 145.79% 47.07%
Cash
0.28% -45.79% 48.67% 51.95%
Stocks
0.00% -0.08% 2.59% 28.67%
Preferred Stocks
0.00% -3.41% 1.06% 24.51%
Other
0.00% -13.42% 30.00% 26.56%
Convertible Bonds
0.00% 0.00% 1.24% 24.95%

Bond Sector Breakdown

Weighting Return Low Return High FKTFX % Rank
Municipal
99.72% 39.29% 100.00% 42.07%
Cash & Equivalents
0.28% 0.00% 48.67% 56.45%
Derivative
0.00% 0.00% 0.10% 23.99%
Securitized
0.00% 0.00% 7.63% 26.07%
Corporate
0.00% 0.00% 13.54% 36.44%
Government
0.00% 0.00% 51.02% 28.36%

Bond Geographic Breakdown

Weighting Return Low Return High FKTFX % Rank
US
99.09% 0.00% 141.11% 36.00%
Non US
0.63% 0.00% 100.00% 49.54%

FKTFX - Expenses

Operational Fees

FKTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.61% 0.01% 4.23% 44.44%
Management Fee 0.44% 0.00% 1.12% 48.13%
12b-1 Fee 0.10% 0.00% 1.00% 20.36%
Administrative Fee 0.15% 0.01% 0.47% 59.89%

Sales Fees

FKTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.00% 5.75% 55.89%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

FKTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 14.41% 0.00% 299.40% 27.98%

FKTFX - Distributions

Dividend Yield Analysis

FKTFX Category Low Category High FKTFX % Rank
Dividend Yield 0.00% 0.00% 1.75% 27.79%

Dividend Distribution Analysis

FKTFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FKTFX Category Low Category High FKTFX % Rank
Net Income Ratio 2.97% -1.65% 24.00% 13.88%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

FKTFX - Fund Manager Analysis

Managers

John Wiley


Start Date

Tenure

Tenure Rank

Aug 01, 1991

29.93

29.9%

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 Sperry


Start Date

Tenure

Tenure Rank

Dec 31, 2000

20.51

20.5%

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

Michael Conn


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.66

0.7%

Mr. Conn has been a portfolio manager of Franklin Advisers, Inc since November 2020. He joined Franklin Templeton in 2006.

John Bonelli


Start Date

Tenure

Tenure Rank

Nov 02, 2020

0.66

0.7%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.27 7.11 0.66