Franklin California Tax Free Income Fund Class A1 (FKTFX)
| Fund Assets | 12.55B |
| Expense Ratio | 0.61% |
| Min. Investment | $1,000 |
| Turnover | 7.96% |
| Dividend (ttm) | 0.25 |
| Dividend Yield | 3.68% |
| Dividend Growth | 1.15% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 6.52 |
| YTD Return | -3.25% |
| 1-Year Return | -1.76% |
| 5-Year Return | -1.66% |
| 52-Week Low | 6.44 |
| 52-Week High | 7.00 |
| Beta (5Y) | 0.28 |
| Holdings | 1139 |
| Inception Date | Jan 31, 1977 |
About FKTFX
The Franklin California Tax-Free Income Fund Class A1 is a municipal bond mutual fund designed to provide investors with a high level of income exempt from both regular federal income taxes and California state personal income taxes. Its primary focus is on investing at least 80% of its assets in investment-grade municipal securities issued by the state of California and its local entities, including bonds financing public projects such as health facilities, transportation corridors, and clean energy initiatives. These municipal securities support essential infrastructure and public services within California, with the fund’s portfolio typically featuring substantial exposure to sectors like healthcare, transportation, and community energy projects. Operating within the 'Muni California Long' category, this fund plays a crucial role in the financial market by channeling investor capital into public infrastructure, while offering potential tax efficiencies for California residents. Its structure is particularly relevant for individuals seeking tax-advantaged income streams and for those with an interest in supporting the state’s development and municipal finance ecosystem.
Performance
FKTFX had a total return of -1.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.25%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VCITX | Vanguard | Vanguard California Long-Term Tax-Exempt Fund Investor Shares | 0.14% |
Top 10 Holdings
14.60% of assets| Name | Symbol | Weight |
|---|---|---|
| CALIFORNIA HEALTH FACS FING AUTH REV 4% | CA.CASMED 4 11.01.2044 | 2.97% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | CA.SJHTRN 6 01.15.2043 | 1.58% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | CA.SJHTRN 6 01.15.2046 | 1.42% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 6% | CA.SJHTRN 6 01.15.2045 | 1.41% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5.95% | CA.SJHTRN 5.95 01.15.2040 | 1.40% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 1.40% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 4% | CA.SJHTRN 4 01.15.2050 | 1.37% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 5.9% | CA.SJHTRN 5.9 01.15.2038 | 1.05% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 1.03% |
| SAN JOAQUIN HILLS CALIF TRANSN CORRIDOR AGY TOLL RD REV 4% | CA.SJHTRN 4 01.15.2044 | 0.97% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.02011 | Jun 30, 2025 |
| May 30, 2025 | $0.02228 | May 30, 2025 |
| Apr 30, 2025 | $0.02091 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02008 | Mar 31, 2025 |
| Feb 28, 2025 | $0.01917 | Feb 28, 2025 |
| Jan 31, 2025 | $0.02186 | Jan 31, 2025 |