Franklin CA Tax-Free Income A (FKTFX - Free Report) a Zacks Ranked #1 (Strong Buy) invests the majority 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 up to 35% of its total assets in municipal securities issued by U.S. territories
The Franklin CA Tax-Free Income A fund, managed by Franklin/Temp, carries an expense ratio of 0.57. Moreover, FKTFX requires a minimal initial investment of $1,000.
FKTFX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 5.74%, 3 year 4.56%, and 5 year 7.27%. 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 28% in 1 year, top 12% over the past 3 years, and in the 17% over the past 5 years.
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