FTFQX – Franklin CA Tax Free Income A Investment Strategy | Morningstar

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Strategy

The investment seeks to provide investors with as high a level of income exempt from federal income taxes. The fund invests at least 80% 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. It is possible that up to 20% of its total assets may be in securities that pay interest that may be subject to the federal alternative minimum tax and, although not anticipated, in securities that pay interest subject to other federal or state income taxes.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FCAVX	Franklin California Tax Free Income Fund Advisor Class	No Load	Open			Oct 1, 2001	$3.08B	0.520%	Average	$0	$267.71M
FKTFX	Franklin California Tax Free Income Fund Class A1	Front Load	Limited			Jan 31, 1977	$5.55B	0.610%	Low	$1,000	−$699.61M
FTFQX	Franklin California Tax Free Income Fund Class A	Front Load	Open			Sep 10, 2018	$2.73B	0.770%	Average	$1,000	$30.55M
FRCTX	Franklin California Tax Free Income Fund Class C	Level Load	Open			Apr 28, 1995	$198.90M	1.170%	Low	$1,000	−$57.90M
—	Franklin California Tax Free Income Fund Class R6	Retirement, Large	Open			Aug 1, 2017	$393.27M	0.480%	Below Average	$1M	$20.41M

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