Franklin California Intermediate-Term Tax-Free Income Fund (FKCIX)
The fund normally 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. It invests at least 65% of its total assets in California municipal securities.
Fund Info
ISIN | US3525193005 |
---|---|
CUSIP | 352519300 |
Issuer | Franklin Templeton |
Inception Date | Sep 20, 1992 |
Category | Municipal Bonds |
Min. Investment | $1,000 |
Asset Class | Bond |
Expense Ratio
FKCIX has a high expense ratio of 0.59%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin California Intermediate-Term Tax-Free Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Franklin California Intermediate-Term Tax-Free Income Fund had a return of -0.07% year-to-date (YTD) and 2.61% in the last 12 months. Over the past 10 years, Franklin California Intermediate-Term Tax-Free Income Fund had an annualized return of 1.74%, while the S&P 500 had an annualized return of 10.97%, indicating that Franklin California Intermediate-Term Tax-Free Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | -0.07% | 11.29% |
1 month | 0.63% | 4.87% |
6 months | 3.82% | 17.88% |
1 year | 2.61% | 29.16% |
5 years (annualized) | 0.76% | 13.20% |
10 years (annualized) | 1.74% | 10.97% |
Monthly Returns
The table below presents the monthly returns of FKCIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.02% | 0.07% | -0.01% | -0.83% | -0.07% | ||||||||
2023 | 2.25% | -1.67% | 1.64% | -0.05% | -0.75% | 0.53% | 0.14% | -0.67% | -1.78% | -0.78% | 4.07% | 2.01% | 4.88% |
2022 | -2.41% | -0.51% | -2.64% | -2.37% | 1.29% | -1.33% | 2.22% | -1.67% | -3.14% | -0.54% | 3.46% | 0.34% | -7.29% |
2021 | 0.34% | -1.47% | 0.45% | 0.76% | 0.25% | 0.28% | 0.67% | -0.31% | -0.73% | -0.17% | 0.60% | 0.11% | 0.75% |
2020 | 1.61% | 1.00% | -3.84% | -0.90% | 2.93% | 0.62% | 1.28% | -0.37% | 0.02% | -0.23% | 1.10% | 0.43% | 3.55% |
2019 | 0.74% | 0.40% | 0.91% | 0.19% | 1.07% | 0.45% | 0.73% | 1.03% | -0.70% | 0.12% | 0.10% | 0.21% | 5.37% |
2018 | -0.70% | -0.37% | 0.14% | -0.37% | 0.99% | 0.14% | 0.23% | 0.23% | -0.54% | -0.62% | 0.84% | 1.01% | 0.96% |
2017 | 0.65% | 0.56% | 0.14% | 0.73% | 1.23% | -0.36% | 0.64% | 0.72% | -0.51% | 0.14% | -0.69% | 0.65% | 3.97% |
2016 | 1.30% | 0.23% | 0.15% | 0.72% | 0.15% | 1.52% | 0.14% | 0.06% | -0.26% | -0.91% | -3.86% | 0.82% | -0.08% |
2015 | 2.04% | -1.06% | 0.24% | -0.59% | -0.34% | -0.35% | 0.32% | 0.32% | 0.82% | 0.40% | 0.23% | 0.64% | 2.67% |
2014 | 1.66% | 1.04% | 0.02% | 1.19% | 1.27% | -0.01% | 0.00% | 1.44% | -0.02% | 0.90% | 0.07% | 0.49% | 8.32% |
2013 | 0.43% | 0.35% | -0.29% | 1.22% | -1.30% | -2.54% | -0.43% | -1.27% | 2.01% | 0.88% | -0.40% | -0.25% | -1.68% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FKCIX is 23, indicating that it is in the bottom 23% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FKCIX (Franklin California Intermediate-Term Tax-Free Income Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin California Intermediate-Term Tax-Free Income Fund (FKCIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin California Intermediate-Term Tax-Free Income Fund granted a 3.01% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.33 | $0.32 | $0.27 | $0.26 | $0.28 | $0.32 | $0.32 | $0.33 | $0.33 | $0.34 | $0.36 | $0.38 |
Dividend yield | 3.01% | 2.89% | 2.51% | 2.16% | 2.31% | 2.69% | 2.72% | 2.72% | 2.76% | 2.79% | 2.98% | 3.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin California Intermediate-Term Tax-Free Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
2020 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
2019 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.32 |
2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin California Intermediate-Term Tax-Free Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin California Intermediate-Term Tax-Free Income Fund was 11.50%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Franklin California Intermediate-Term Tax-Free Income Fund drawdown is 3.32%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-11.5% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
-10.62% | Sep 12, 2008 | 66 | Dec 15, 2008 | 105 | May 18, 2009 | 171 |
-9.7% | Mar 10, 2020 | 9 | Mar 20, 2020 | 97 | Aug 7, 2020 | 106 |
-7.32% | Feb 1, 1994 | 208 | Nov 17, 1994 | 85 | Mar 16, 1995 | 293 |
-6.27% | Sep 1, 2010 | 96 | Jan 18, 2011 | 135 | Aug 1, 2011 | 231 |
Volatility
Volatility Chart
The current Franklin California Intermediate-Term Tax-Free Income Fund volatility is 0.55%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.