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Trending ETFs

FRANKLIN CALIFORNIA INTERMEDIATE-TERM TAX-FREE INCOME FUND

mutual fund
FRCZX
Payout Change
Pending
Price as of:
$11.13 -0.01 -0.09%
primary theme
Municipal Bond
FRCZX (Mutual Fund)

FRANKLIN CALIFORNIA INTERMEDIATE-TERM TAX-FREE INCOME FUND

Payout Change
Pending
Price as of:
$11.13 -0.01 -0.09%
primary theme
Municipal Bond
FRCZX (Mutual Fund)

FRANKLIN CALIFORNIA INTERMEDIATE-TERM TAX-FREE INCOME FUND

Payout Change
Pending
Price as of:
$11.13 -0.01 -0.09%
primary theme
Municipal Bond

Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.13

$1.37 B

3.20%

$0.36

0.57%

Vitals

YTD Return

3.3%

1 yr return

4.5%

3 Yr Avg Return

0.2%

5 Yr Avg Return

0.8%

Net Assets

$1.37 B

Holdings in Top 10

15.9%

52 WEEK LOW AND HIGH

$11.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 9.20%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$100,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/09/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.13

$1.37 B

3.20%

$0.36

0.57%

FRCZX - Profile

Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.31%
DIVIDENDS
  • Dividend Yield 3.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    FRANKLIN CALIFORNIA INTERMEDIATE-TERM TAX-FREE INCOME FUND
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Nov 02, 2009
  • Shares Outstanding
    56786728
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Wiley

Fund Description

Under normal market conditions, the Fund invests at least 80% of its total assets in securities that pay interest free from federal income taxes, including the federal alternative minimum tax, and from California personal income taxes. Under normal market conditions, the Fund invests at least 65% of its total assets in California municipal securities. Although the Fund tries to invest all of its assets in tax-free securities, it is possible that up to 20% of its total assets may be in securities that pay interest subject to federal or state income taxes, including interest that may be subject to the federal alternative minimum tax. Some of the Fund's portfolio securities are supported by credit enhancements, which may be provided by either U.S. or foreign entities.

The Fund maintains a dollar-weighted average portfolio maturity of six to 12 years and only buys securities rated, at the time of purchase, in one of the top four ratings categories by one or more U.S. nationally recognized rating services or unrated or short-term rated securities of comparable credit quality.

Although the investment manager will search for investments across a large number of municipal securities that finance different types of projects, from time to time, based on economic conditions, the Fund may have significant positions in municipal securities that finance similar types of projects.

The investment manager selects securities that it believes will provide the best balance between risk and return within the Fund’s range of allowable investments and typically invests with a long-term time horizon. This means it generally holds securities in the Fund’s portfolio for income purposes, although the investment manager may sell a security at any time if it believes it could help the Fund meet its goal. With a focus on income, individual securities are considered for purchase or sale based on various factors and considerations, including credit profile, risk, structure, pricing, portfolio impact, duration management, restructuring, opportunistic trading and tax loss harvesting opportunities.

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FRCZX - Performance

Return Ranking - Trailing

Period FRCZX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -4.3% 40.7% 59.91%
1 Yr 4.5% -2.6% 46.0% 63.20%
3 Yr 0.2%* -10.3% 6.3% 32.58%
5 Yr 0.8%* -6.5% 1105.2% 61.92%
10 Yr 1.7%* -0.9% 249.0% 50.82%

* Annualized

Return Ranking - Calendar

Period FRCZX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -1.4% 41.0% 78.79%
2022 -9.5% -39.7% 0.3% 30.99%
2021 -1.4% -5.6% 6.9% 89.48%
2020 1.1% -2.6% 310.0% 79.41%
2019 2.6% 0.0% 26.0% 83.87%

Total Return Ranking - Trailing

Period FRCZX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -4.3% 40.7% 59.91%
1 Yr 4.5% -2.6% 46.0% 63.20%
3 Yr 0.2%* -10.3% 6.3% 32.58%
5 Yr 0.8%* -6.5% 1105.2% 61.92%
10 Yr 1.7%* -0.9% 249.0% 50.82%

* Annualized

Total Return Ranking - Calendar

Period FRCZX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -1.3% 41.0% 61.48%
2022 -7.0% -39.7% 1.1% 26.35%
2021 1.0% -4.8% 23761504.0% 63.71%
2020 2.9% -1.5% 17057.9% 75.91%
2019 5.8% 0.2% 3514.6% 68.75%

NAV & Total Return History


FRCZX - Holdings

Concentration Analysis

FRCZX Category Low Category High FRCZX % Rank
Net Assets 1.37 B 3.22 M 71.9 B 24.60%
Number of Holdings 526 4 13418 24.78%
Net Assets in Top 10 218 M -317 M 3.09 B 18.40%
Weighting of Top 10 15.87% 1.8% 100.3% 58.20%

Top 10 Holdings

  1. Los Angeles Unified School District, Series 2016 B 2.28%
  2. State of California 2.01%
  3. Los Angeles Department of Water Power, Series 2017 B 1.78%
  4. Foothill-Eastern Transportation Corridor Agency, Series 2013 A 1.60%
  5. FHLMC, Multi-family ML Pass-Through Certificates, Series 2019-ML06, Class ACA 1.52%
  6. California Community Choice Financing Authority, Series 2022 A-1 1.49%
  7. California Community Choice Financing Authority, Series 2024 B 1.35%
  8. San Joaquin Hills Transportation Corridor Agency, Series 1997 A 1.33%
  9. State of California 1.29%
  10. California State University, Series 2016 A 1.21%

Asset Allocation

Weighting Return Low Return High FRCZX % Rank
Bonds
98.36% 0.00% 150.86% 61.81%
Cash
1.62% -50.86% 44.62% 38.89%
Stocks
0.01% 0.00% 99.78% 12.48%
Preferred Stocks
0.00% 0.00% 0.07% 66.89%
Other
0.00% -3.69% 53.54% 67.16%
Convertible Bonds
0.00% 0.00% 0.93% 66.62%

Stock Sector Breakdown

Weighting Return Low Return High FRCZX % Rank
Utilities
0.00% 0.00% 0.00% N/A
Technology
0.00% 0.00% 0.00% N/A
Real Estate
0.00% 0.00% 0.00% N/A
Industrials
0.00% 0.00% 100.00% N/A
Healthcare
0.00% 0.00% 0.00% N/A
Financial Services
0.00% 0.00% 0.00% N/A
Energy
0.00% 0.00% 0.00% N/A
Communication Services
0.00% 0.00% 100.00% N/A
Consumer Defense
0.00% 0.00% 0.00% N/A
Consumer Cyclical
0.00% 0.00% 100.00% N/A
Basic Materials
0.00% 0.00% 0.00% N/A

Stock Geographic Breakdown

Weighting Return Low Return High FRCZX % Rank
US
0.01% 0.00% 99.78% 12.49%
Non US
0.00% 0.00% 10.22% 66.49%

Bond Sector Breakdown

Weighting Return Low Return High FRCZX % Rank
Municipal
94.79% 44.39% 100.00% 83.14%
Cash & Equivalents
0.78% 0.00% 44.41% 37.61%
Derivative
0.00% -3.69% 53.54% 66.55%
Securitized
0.00% 0.00% 5.93% 67.23%
Corporate
0.00% 0.00% 9.41% 72.49%
Government
0.00% 0.00% 52.02% 69.72%

Bond Geographic Breakdown

Weighting Return Low Return High FRCZX % Rank
US
98.36% 0.00% 142.23% 59.44%
Non US
0.00% 0.00% 23.89% 68.97%

FRCZX - Expenses

Operational Fees

FRCZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.01% 8.02% 72.85%
Management Fee 0.47% 0.00% 1.20% 71.74%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.44% 77.02%

Sales Fees

FRCZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

FRCZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FRCZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.20% 0.00% 283.00% 18.59%

FRCZX - Distributions

Dividend Yield Analysis

FRCZX Category Low Category High FRCZX % Rank
Dividend Yield 3.20% 0.00% 14.51% 33.49%

Dividend Distribution Analysis

FRCZX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FRCZX Category Low Category High FRCZX % Rank
Net Income Ratio 2.31% -0.53% 5.33% 30.46%

Capital Gain Distribution Analysis

FRCZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

FRCZX - Fund Manager Analysis

Managers

John Wiley


Start Date

Tenure

Tenure Rank

Sep 21, 1992

29.71

29.7%

John Wiley, Senior Vice President, has been a lead portfolio manager since 1993. Wiley has been an analyst or portfolio manager with Franklin Templeton Investments, his employer since 1989. He holds the Chartered Financial Analyst designation.

Christopher Sperry


Start Date

Tenure

Tenure Rank

Nov 01, 2000

21.59

21.6%

Sperry has been an analyst or portfolio manager of Franklin Templeton Investments, his employer since 1996. Sperry holds the Chartered Financial Analyst designation.

John Bonelli


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Mr. Bonelli is a Portfolio Manager and Research Analyst of Franklin Advisers, Inc. He joined Franklin Templeton Investments in 2010.

Michael Conn


Start Date

Tenure

Tenure Rank

Nov 02, 2020

1.58

1.6%

Mr. Conn has been a portfolio manager of Franklin Advisers, Inc since November 2020. He joined Franklin Templeton in 2006.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.36 1.58