Franklin California Tax Free Income Fund Class R6 (FKTQX)
| Fund Assets | 13.26B |
| Expense Ratio | 0.48% |
| Min. Investment | $1,000,000 |
| Turnover | 7.96% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 3.95% |
| Dividend Growth | 2.43% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 6.65 |
| YTD Return | -0.86% |
| 1-Year Return | 4.36% |
| 5-Year Return | 4.72% |
| 52-Week Low | 6.43 |
| 52-Week High | 6.87 |
| Beta (5Y) | n/a |
| Holdings | 1111 |
| Inception Date | Aug 1, 2017 |
About FKTQX
Franklin California Tax-Free Income Fund Class R6 is a mutual fund designed primarily to provide investors with a high level of income that is exempt from both regular federal income taxes and California personal income taxes. The fund achieves this by investing at least 80% of its total assets in investment-grade municipal securities, whose interest payments are free of these taxes. It manages a diversified portfolio with over 1,000 holdings, mainly targeting the California municipal bond market, which supports local infrastructure, public services, and development projects within the state. This tax-advantaged income strategy is especially relevant for investors seeking to preserve after-tax returns, particularly those residing in California. The fund is managed with an above average performance rating and an average risk profile, making it a recognized vehicle in the municipal California long-duration category. Its substantial asset base and regular monthly dividend distributions highlight its role as a key instrument for investors seeking stable and tax-efficient income solutions within the broader U.S. municipal bond market.
Performance
FKTQX had a total return of 4.36% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.33%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.02027 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02254 | Jan 30, 2026 |
| Dec 31, 2025 | $0.02343 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02031 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02385 | Oct 31, 2025 |
| Sep 30, 2025 | $0.02084 | Sep 30, 2025 |