Franklin California Tax Free Income Fund Class C (FRCTX)

Fund Assets	11.97B
Expense Ratio	1.198%
Min. Investment	$1,000
Turnover	11.93%
Dividend (ttm)	0.22
Dividend Yield	3.49%
Dividend Growth	3.35%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	6.33
YTD Return	-3.87%
1-Year Return	-2.94%
5-Year Return	-3.00%
52-Week Low	6.25
52-Week High	6.86
Beta (5Y)	0.07
Holdings	1132
Inception Date	Jan 31, 1977

About FRCTX

Franklin California Tax-Free Income Fund Class C is an open-end mutual fund designed to provide investors with a high level of income that is exempt from both federal and California personal income taxes. The fund primarily invests at least 80% of its assets in investment grade municipal bonds issued by California public entities, with maturities typically exceeding 12 years and an effective portfolio duration over 6 years. By focusing on bonds whose interest payments are tax-free at both the federal and state level, this fund serves a specialized role for California residents seeking tax-efficient income generation. The fund’s portfolio includes a broad range of California municipal securities, such as those backing health care facilities and infrastructure projects, and is actively managed to balance yield potential against interest rate risk. With monthly income distributions, it is positioned within the Muni California Long category and holds over a thousand distinct securities, making it one of the larger and more diversified options in its segment. Since its inception in 1977, the fund has played a notable role in the municipal bond space, helping investors address state and federal tax considerations through diversified municipal exposure.

• Fund Family: Franklin Templeton, Inc
• Category: Muni California Long
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FRCTX
• Share Class: - Class C
• Index: Bloomberg California TaxExempt Muni Bd TR

Performance

FRCTX had a total return of -2.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.62%.

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%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FKTQX	- Class R6	0.48%
FCAVX	- Advisor Class	0.52%
FKTFX	- Class A1	0.61%
FTFQX	- Class A	0.77%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.01851	Sep 30, 2026
Aug 31, 2026	$0.01767	Aug 31, 2026
Jul 31, 2026	$0.02015	Jul 31, 2026
Jun 30, 2026	$0.01813	Jun 30, 2026
May 29, 2026	$0.01887	May 29, 2026
Apr 30, 2026	$0.0183	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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