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Franklin CA Tax-Free Income A Fund (FKTFX) in Focus

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Franklin CA Tax-Free Income A (FKTFX - Free Report) a Zacks Ranked #1 (Strong Buy) was incepted in February 1977 and is managed by Franklin Advisers. The main objective of FKTFX is to provide investors with a high level of income exempt from federal and California income taxes and the preservation of shareholders' capital. FKTFX invests a major portion 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. FKTFX may also invest a maximum of 35% of its total assets in municipal securities issued by U.S. territories.

The Franklin CA Tax-Free Income A, managed by Franklin/Temp , carries an expense ratio of 0.57, but it does come with a 0.44% management fee. Moreover, FKTFX requires a minimal initial investment of $1,000.

FKTFX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 9.83%, 3 year 5.69%, and 5 year 6.32%. To see how this fund performed compared in its category, please click here.

FKTFX’s performance, as of the last filing, when compared to funds in its category was in the top 5% in 1 year, top 14% over the past 3 years, and in the 16% over the past 5 years.

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