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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$6.92

$14.8 B

3.34%

$0.23

0.61%

Vitals

YTD Return

2.8%

1 yr return

-7.9%

3 Yr Avg Return

-3.8%

5 Yr Avg Return

-1.1%

Net Assets

$14.8 B

Holdings in Top 10

16.6%

52 WEEK LOW AND HIGH

$6.9
$6.38
$7.46

Expenses

OPERATING FEES

Expense Ratio 0.61%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 19.33%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$6.92

$14.8 B

3.34%

$0.23

0.61%

FKTFX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return -3.8%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.68%
DIVIDENDS
  • Dividend Yield 3.3%
  • 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
    1318944996
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    John Wiley

Fund Description

Under normal market conditions, 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. Although the Fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of the Fund's 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.

The Fund only buys municipal securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services (or unrated or short-term rated securities of comparable credit quality).

The Fund may invest in insured municipal securities to the extent available. Insured municipal securities are covered by insurance policies that guarantee the timely payment of principal and interest. The insurance premium costs, however, are typically reflected in a lower yield and/or higher price for the insured bond. It is important to note that insurance does not guarantee the market value of an insured security, or the Fund’s share price or distributions, and shares of the Fund are not insured.

The Fund also may invest up to 35% of its total assets in municipal securities issued by U.S. territories.

Although the investment manager will search for investments across a large number of municipal securities that finance different types of projects, from time to time, based on economic conditions, the Fund may have significant positions in municipal securities that finance similar types of projects.

The investment manager selects securities that it believes will provide the best balance between risk and return within the Fund’s range of allowable investments and typically invests with a long-term time horizon. This means it generally holds securities in the Fund’s portfolio for income purposes, although the investment manager may sell a security at any time if it believes it could help the Fund meet its goal. With a focus on income, individual securities are considered for purchase or sale based on various factors and considerations, including credit profile, risk, structure, pricing, portfolio impact, duration management, restructuring, opportunistic trading and tax loss harvesting opportunities.

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FKTFX - Performance

Return Ranking - Trailing

Period FKTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -86.8% 7.5% 24.28%
1 Yr -7.9% -21.2% 15.7% 74.80%
3 Yr -3.8%* -10.3% 52.2% 86.57%
5 Yr -1.1%* -4.9% 29.9% 69.14%
10 Yr -0.9%* -3.2% 13.6% 47.84%

* Annualized

Return Ranking - Calendar

Period FKTFX Return Category Return Low Category Return High Rank in Category (%)
2022 -13.2% -91.1% 101.7% 76.03%
2021 -0.4% -79.2% 102.5% 70.36%
2020 0.7% -66.1% 60.0% 22.87%
2019 1.4% -57.4% 7.6% 18.92%
2018 -0.6% -35.9% 3.2% 71.34%

Total Return Ranking - Trailing

Period FKTFX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -86.8% 7.5% 25.15%
1 Yr -7.9% -21.2% 15.4% 75.05%
3 Yr -3.8%* -10.3% 52.2% 86.94%
5 Yr -0.3%* -4.9% 29.9% 39.14%
10 Yr 1.5%* -3.2% 13.6% 14.58%

* Annualized

Total Return Ranking - Calendar

Period FKTFX Return Category Return Low Category Return High Rank in Category (%)
2022 -13.2% -91.1% 101.7% 75.72%
2021 -0.4% -79.2% 102.5% 70.33%
2020 0.7% -66.1% 60.0% 22.91%
2019 1.6% -57.4% 7.6% 14.48%
2018 0.1% -35.9% 3.2% 8.55%

NAV & Total Return History


FKTFX - Holdings

Concentration Analysis

FKTFX Category Low Category High FKTFX % Rank
Net Assets 14.8 B 2.87 M 73.9 B 1.31%
Number of Holdings 912 1 14000 9.76%
Net Assets in Top 10 2.46 B -317 M 8.64 B 0.36%
Weighting of Top 10 16.63% 2.4% 100.0% 61.27%

Top 10 Holdings

  1. CALIFORNIA HEALTH FACS FING AUTH REV 4% 4% 2.64%
  2. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 5% 2.32%
  3. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 6% 6% 2.24%
  4. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 5.75% 1.71%
  5. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5% 5% 1.70%
  6. GOLDEN ST TOB SECURITIZATION CORP CALIF TOB SETTLEMENT REV 5% 1.47%
  7. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% 6% 1.45%
  8. FOOTHILL / EASTERN TRANSN CORRIDOR AGY CALIF TOLL RD REV 6% 6% 1.40%
  9. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% 6% 1.30%
  10. SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% 6% 1.30%

Asset Allocation

Weighting Return Low Return High FKTFX % Rank
Bonds
99.91% 0.00% 150.86% 33.03%
Cash
0.09% -50.86% 100.00% 58.23%
Stocks
0.00% -0.03% 4.63% 47.43%
Preferred Stocks
0.00% -1.79% 0.04% 44.55%
Other
0.00% -13.03% 30.01% 45.65%
Convertible Bonds
0.00% 0.00% 0.93% 45.51%

Bond Sector Breakdown

Weighting Return Low Return High FKTFX % Rank
Municipal
99.77% 0.00% 100.00% 39.72%
Cash & Equivalents
0.23% 0.00% 100.00% 59.28%
Derivative
0.00% 0.00% 21.68% 44.23%
Securitized
0.00% 0.00% 5.93% 46.10%
Corporate
0.00% 0.00% 9.99% 54.35%
Government
0.00% 0.00% 52.02% 48.65%

Bond Geographic Breakdown

Weighting Return Low Return High FKTFX % Rank
US
98.91% 0.00% 142.23% 37.44%
Non US
1.00% 0.00% 62.14% 42.13%

FKTFX - Expenses

Operational Fees

FKTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.61% 0.02% 3.60% 42.50%
Management Fee 0.44% 0.00% 1.10% 51.34%
12b-1 Fee 0.10% 0.00% 1.00% 21.35%
Administrative Fee 0.15% 0.01% 0.44% 58.74%

Sales Fees

FKTFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 0.00% 4.90% 58.79%
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 19.33% 0.00% 283.00% 58.52%

FKTFX - Distributions

Dividend Yield Analysis

FKTFX Category Low Category High FKTFX % Rank
Dividend Yield 3.34% 0.00% 35.27% 6.33%

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 2.68% -0.53% 24.00% 14.23%

Capital Gain Distribution Analysis

FKTFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

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FKTFX - Fund Manager Analysis

Managers

John Wiley


Start Date

Tenure

Tenure Rank

Aug 01, 1991

30.85

30.9%

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

21.43

21.4%

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

1.58

1.6%

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

1.58

1.6%

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
0.08 35.05 7.21 1.58