FRCZX Performance — Franklin California Intermediate-Term Tax-Free Income Fund, Advisor Class
Data updated: 2026-09-10
FRCZX returned +1.86% year to date and +5.91% over one year to Jun 2026. Annualised returns are +3.63% over 3 years and +1.08% over 5 years. Against its Intermediate Municipal Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $111, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 3.85% a year. In the 12 months to Jun 2026 the fund took in a net $92.3M, and assets reached $1.42B.
FRCZX Growth of $100
What $100 invested in Franklin California Intermediate-Term Tax-Free Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | FRCZX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $106 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $111 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $106 | $105 |
| Since data start (Jul 2019 – Jun 2026) | $112 | $112 |
FRCZX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.86% |
| 1 year | +5.91% |
| 3 years (annualised) | +3.63% |
| 5 years (annualised) | +1.08% |
FRCZX Annual Returns
Calendar-year total returns of Franklin California Intermediate-Term Tax-Free Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.86% |
| 2025 | +4.00% |
| 2024 | +2.04% |
| 2023 | +4.96% |
| 2022 | −7.18% |
| 2021 | +0.85% |
| 2020 | +3.56% |
| 2019 (Jul–Dec) | +1.54% |
FRCZX 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 | +0.7% | +1.1% | −1.9% | +0.8% | +0.5% | +0.7% | — | — | — | — | — | — |
| 2025 | +0.1% | +1.0% | −1.2% | −0.5% | +0.1% | +0.6% | −0.1% | +0.8% | +1.9% | +1.0% | +0.3% | +0.1% |
| 2024 | 0.0% | +0.2% | −0.1% | −0.8% | −0.1% | +1.3% | +0.8% | +0.8% | +0.8% | −1.1% | +1.1% | −0.8% |
| 2023 | +2.2% | −1.7% | +1.6% | 0.0% | −0.7% | +0.5% | +0.1% | −0.7% | −1.8% | −0.8% | +4.1% | +2.0% |
| 2022 | −2.4% | −0.5% | −2.6% | −2.3% | +1.3% | −1.3% | +2.3% | −1.7% | −3.2% | −0.4% | +3.5% | +0.4% |
| 2021 | +0.4% | −1.5% | +0.5% | +0.8% | +0.2% | +0.3% | +0.7% | −0.3% | −0.7% | −0.2% | +0.6% | +0.1% |
| 2020 | +1.5% | +1.1% | −3.8% | −0.9% | +2.8% | +0.7% | +1.3% | −0.4% | 0.0% | −0.2% | +1.1% | +0.4% |
| 2019 | — | — | — | — | — | — | +0.7% | +1.0% | −0.7% | +0.1% | +0.1% | +0.3% |
FRCZX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 3.85%
- 3-year Sharpe ratio: -0.23 (vs 4.5% risk-free rate)
- Best month: +4.07% (Nov 2023)
- Worst month: −1.86% (Mar 2026)
FRCZX Fund Flows
Monthly money in and out of Franklin California Intermediate-Term Tax-Free Income Fund, from SEC Form N-PORT.
- 12-month net flow: $92.3M
- 12-month gross sales (incl. reinvestments): $434.5M
- Sales ÷ redemptions: 1.27×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $27.9M | $22.2M | $5.7M |
| May 2026 | $29.2M | $23.9M | $5.3M |
| Apr 2026 | $27.7M | $24.0M | $3.6M |
| Mar 2026 | $31.8M | $25.3M | $6.6M |
| Feb 2026 | $21.1M | $31.4M | −$10.3M |
| Jan 2026 | $44.8M | $33.2M | $11.6M |
| Dec 2025 | $76.5M | $42.0M | $34.5M |
| Nov 2025 | $31.4M | $22.9M | $8.5M |
| Oct 2025 | $32.4M | $23.0M | $9.4M |
| Sep 2025 | $35.0M | $31.3M | $3.7M |
| Aug 2025 | $31.7M | $24.7M | $7.0M |
| Jul 2025 | $45.0M | $38.3M | $6.7M |
FRCZX Assets Under Management
Net assets of Franklin California Intermediate-Term Tax-Free Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.42B |
| 2026-03-31 | $1.39B |
| 2025-12-31 | $1.40B |
| 2025-09-30 | $1.34B |
| 2025-06-30 | $1.30B |
| 2025-03-31 | $1.31B |
| 2024-12-31 | $1.35B |
| 2024-09-30 | $1.37B |
| 2024-06-30 | $1.35B |
| 2024-03-31 | $1.37B |
| 2023-12-31 | $1.40B |
| 2023-09-30 | $1.32B |
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.