FKTFX Fees and Costs — Franklin California Tax-Free Income Fund, Class A1
Data updated: 2026-07-27
The net expense ratio is 0.61%: a 0.45% management fee, a 0.10% 12b-1 fee plus 0.06% other expenses. This share class carries a maximum front-end sales load of 3.75%. Portfolio turnover was 12%.
FKTFX Fees and Expenses
Annual operating expenses and sales charges of FKTFX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.06% |
| Gross expense ratio | 0.61% |
| Fee waiver | — |
| Net expense ratio | 0.61% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
FKTFX Costs Over Time
On $10,000 invested in FKTFX, assuming 5% a year before costs, total costs come to $849 over 5 years, cutting the return by 1.44% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.61%) | $62 | $193 | $336 |
| Lost growth on money paid in costs | $19 | $69 | $137 |
| Total costs | $455 | $637 | $849 |
| Value after costs | $10,045 | $10,939 | $11,914 |
| Impact on return, per year | 4.55% | 1.96% | 1.44% |
FKTFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $3.6B
- Portfolio turnover (prospectus): 12%
- Securities lending: none during the year
FKTFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities, LLC | $644.2M | 19.67% |
| J.P. Morgan Securities LLC | $489.7M | 14.95% |
| Goldman Sachs & Co. LLC | $471.0M | 14.38% |
| Morgan Stanley & Co. LLC | $424.4M | 12.96% |
| RBC Capital Markets, LLC | $390.6M | 11.93% |
| InspereX LLC | $277.6M | 8.48% |
| Barclays Capital, Inc. | $199.5M | 6.09% |
| Piper Sandler & Co. | $152.2M | 4.65% |
| Jefferies LLC | $123.1M | 3.76% |
| TD SECURITIES (USA) LLC | $102.9M | 3.14% |
Franklin California Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FKTQX | Class R6 | 0.48% | none |
| FCAVX | Advisor Class | 0.52% | none |
| FKTFX | Class A1 | 0.61% | 3.75% |
| FTFQX | Class A | 0.77% | 3.75% |
| FRCTX | Class C | 1.17% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.