Back to top
Franklin California Tax-free Income Fund Class A1: (MF: FKTFX)
(NASDAQ Mutual Funds) As of May 3, 2024 08:00 PM ET
$6.80 USD
+0.02 (0.30%)
Zacks MF Rank
2-Buy of 5 2
Fund Description
The fund was incepted in February 1977 and is managed by Franklin Advisers. The main objective of the fund is to provide investors with a high level of income exempt from federal and California income taxes and the preservation of shareholders' capital. The fund invests at least 80% of its total assets in investment grade municipal securities whose interest is free from federal income taxes, including the federal alternative minimum tax, and from California personal income taxes. The fund may also invest up to 35% of its total assets in municipal securities issued by U.S. territories. The fund offers dividends monthly. Capital gains, if any, are distributed annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Franklin California Tx-Fr Inc A1 | FKTFX | 3.75 | NA | 0.00 | 0.10 | 0.44 | 0.60 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Franklin California Tx-Fr Inc A | FKTFX | 6.80 | 2/1/1977 | 0.84 | 4.30 | -0.55 | 1.58 |
| Franklin California Tx-Fr Inc C | FRCTX | 6.79 | 5/1/1995 | 0.70 | 3.74 | -1.10 | 1.05 |
| Franklin California Tx-Fr Inc Adv | FCAVX | 6.79 | 2/1/1977 | 0.84 | 4.41 | -0.46 | 1.68 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Franklin California Tx-Fr Inc A1 | FKTFX | 1000 | 0 | 0 | M |
Contact Information
| Family | Franklin |
| Address | One Franklin Parkway San Mateo, CA 94403 |
| Phone | 800 342-5236 |