FRCZX Fees and Costs — Franklin California Intermediate-Term Tax-Free Income Fund, Advisor Class
Data updated: 2026-09-10
The net expense ratio is 0.49%: a 0.47% management fee plus 0.09% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 23%.
FRCZX Fees and Expenses
Annual operating expenses and sales charges of FRCZX. Prospectus, as of June 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.56% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.49% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FRCZX Costs Over Time
On $10,000 invested in FRCZX, assuming 5% a year before costs, total costs come to $310 over 5 years, cutting the return by 0.51% 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 |
| Fund expenses (net expense ratio 0.49%) | $51 | $161 | $281 |
| Lost growth on money paid in costs | $0 | $8 | $28 |
| Total costs | $51 | $169 | $310 |
| Value after costs | $10,449 | $11,407 | $12,453 |
| Impact on return, per year | 0.51% | 0.51% | 0.51% |
FRCZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $493.4M
- Portfolio turnover (prospectus): 23%
- Securities lending: none during the year
FRCZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $143.2M | 29.57% |
| Morgan Stanley & Co. LLC | $122.8M | 25.37% |
| Wells Fargo Securities, LLC | $115.4M | 23.82% |
| Stifel, Nicolaus & Company, Incorporated | $21.2M | 4.38% |
| RBC Capital Markets, LLC | $20.1M | 4.15% |
| J.P. Morgan Securities LLC | $19.9M | 4.11% |
| Piper Sandler & Co. | $15.1M | 3.12% |
| B. C. Ziegler and Company | $14.2M | 2.93% |
| Jefferies LLC | $8.7M | 1.80% |
| Raymond James & Associates, Inc. | $3.5M | 0.73% |
Franklin California Intermediate-Term 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 |
|---|---|---|---|
| FCCRX | Class R6 | 0.46% | none |
| FRCZX | Advisor Class | 0.49% | none |
| FKCIX | Class A1 | 0.59% | 2.25% |
| FCCQX | Class A | 0.74% | 2.25% |
| FCCIX | Class C | 1.14% | 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.