FKTFX Performance — Franklin California Tax-Free Income Fund, Class A1
Data updated: 2026-07-27
FKTFX returned +1.58% year to date and +7.19% over one year to May 2026. Annualised returns are +3.87% over 3 years and +0.61% over 5 years. The fund trailed its Long-Term Municipal Bond category average: $100 invested three years ago grew to $112, against $112 for the category, and to $107 over one year, against $107. Volatility over the past three years was 6.11% a year. In the 12 months to May 2026 the fund took in a net $369.1M, and assets reached $13.15B.
FKTFX Growth of $100
What $100 invested in Franklin California Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Term Municipal Bond category average over the same months.
| Period | FKTFX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $107 | $107 |
| 3 years (Jun 2023 – May 2026) | $112 | $112 |
| 5 years (Jun 2021 – May 2026) | $103 | $103 |
| Since data start (Jul 2019 – May 2026) | $112 | $112 |
FKTFX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.58% |
| 1 year | +7.19% |
| 3 years (annualised) | +3.87% |
| 5 years (annualised) | +0.61% |
FKTFX Annual Returns
Calendar-year total returns of Franklin California Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.58% |
| 2025 | +3.10% |
| 2024 | +2.14% |
| 2023 | +6.62% |
| 2022 | −10.33% |
| 2021 | +1.78% |
| 2020 | +5.29% |
| 2019 (Jul–Dec) | +2.64% |
FKTFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +1.6% | −2.5% | +1.2% | +0.6% | — | — | — | — | — | — | — |
| 2025 | 0.0% | +1.0% | −1.8% | −1.0% | −0.6% | +0.6% | −0.6% | +0.8% | +2.7% | +1.5% | +0.3% | 0.0% |
| 2024 | −0.1% | +0.1% | +0.2% | −1.5% | +0.2% | +2.1% | +0.7% | +0.8% | +1.1% | −1.4% | +1.5% | −1.4% |
| 2023 | +3.3% | −2.8% | +2.0% | 0.0% | −0.6% | +0.8% | +0.3% | −1.5% | −3.0% | −1.4% | +7.0% | +2.8% |
| 2022 | −3.1% | −0.6% | −3.5% | −3.1% | +1.9% | −2.6% | +3.2% | −2.7% | −4.4% | −1.1% | +5.6% | +0.2% |
| 2021 | +0.5% | −2.2% | +0.9% | +1.3% | +0.6% | +0.4% | +0.9% | −0.5% | −1.1% | −0.1% | +1.0% | +0.2% |
| 2020 | +2.3% | +1.9% | −5.4% | −1.6% | +3.6% | +1.2% | +1.8% | −0.6% | −0.1% | −0.3% | +2.1% | +0.6% |
| 2019 | — | — | — | — | — | — | +0.7% | +2.5% | −1.0% | 0.0% | +0.1% | +0.4% |
FKTFX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 6.11%
- 3-year Sharpe ratio: -0.10 (vs 4.5% risk-free rate)
- Best month: +6.96% (Nov 2023)
- Worst month: −2.99% (Sep 2023)
FKTFX Fund Flows
Monthly money in and out of Franklin California Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: $369.1M
- 12-month gross sales (incl. reinvestments): $3.1B
- Sales ÷ redemptions: 1.14×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $281.8M | $189.6M | $92.2M |
| Apr 2026 | $221.4M | $204.1M | $17.3M |
| Mar 2026 | $192.2M | $203.4M | −$11.2M |
| Feb 2026 | $227.7M | $156.7M | $71.0M |
| Jan 2026 | $265.4M | $169.7M | $95.7M |
| Dec 2025 | $244.2M | $343.5M | −$99.4M |
| Nov 2025 | $200.9M | $194.0M | $6.9M |
| Oct 2025 | $220.6M | $208.3M | $12.3M |
| Sep 2025 | $217.1M | $235.8M | −$18.7M |
| Aug 2025 | $261.5M | $241.3M | $20.2M |
| Jul 2025 | $320.3M | $259.0M | $61.4M |
| Jun 2025 | $407.4M | $286.1M | $121.3M |
FKTFX Assets Under Management
Net assets of Franklin California Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $13.15B |
| 2026-02-28 | $13.26B |
| 2025-11-30 | $13.02B |
| 2025-08-31 | $12.56B |
| 2025-05-31 | $12.39B |
| 2025-02-28 | $13.13B |
| 2024-11-30 | $13.42B |
| 2024-08-31 | $13.30B |
| 2024-05-31 | $12.99B |
| 2024-02-29 | $13.31B |
| 2023-11-30 | $13.02B |
| 2023-08-31 | $13.30B |
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.